Most Valuable Kids Inc
- Assets
- $136.5k
- Revenue
- $172.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Rockville, MD
- Founding
- 05/2002
- Data as of
- 12/2020
- EIN
- 01-0637743
Organization Overview
Most Valuable Kids Inc is located in Rockville, MD. The organization was established in 2002. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2020, Most Valuable Kids Inc employed 2 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Most Valuable Kids Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Most Valuable Kids Inc generated $172.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $249.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Most Valuable Kids Inc has awarded 50 individual grants totaling $1,037,049. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER EDUCATIONAL AND SOCIAL ACHIEVEMENT OF UNDERPRIVILEGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AN APPRECIATION OF SPORTS AND PHYSICAL ACTIVITY FOR UNDERPRIVILEGED, NEEDY, AND LESS FORTUNATE CHILDREN UNDER THE AGE OF 18, TO COMBAT JUVENILE DELINQUENCY, AND TO PROVIDE EDUCATION AND CHARACTER BUILDING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janine Rosen President | OfficerTrustee | 1 | $0 |
Leslie Gilinson Treasurer | OfficerTrustee | 1 | $0 |
Michael Schaengold Director | Trustee | 0.25 | $0 |
Chris Gargani Director | Trustee | 0.25 | $0 |
Steve Goodman Director | Trustee | 0.25 | $0 |
Stephen Lieberman Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,753 |
| Noncash contributions included in lines 1a–1f | $138,891 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,753 |
| Total Program Service Revenue | $14,500 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,053 |
| Payroll taxes | $4,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,892 |
| Travel | $118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,060 |
| Insurance | $2,726 |
| All other expenses | $192 |
| Total functional expenses | $249,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,349 |
| Savings and temporary cash investments | $32,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,544 |
| Accounts payable and accrued expenses | $4,808 |
| Grants payable | $28,100 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,908 |
| Net assets without donor restrictions | $103,636 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $136,544 |
Grants Awarded
Over the last fiscal year, Most Valuable Kids Inc has awarded $97,164 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: EVENT TICKETS TO PROVIDE TO CHILDREN | $23,076 |
DISTRICT OF COLUMBIA PUBLIC SCHOOLS PURPOSE: EVENT TICKETS TO PROVIDE TO CHILDREN | $20,128 |
Silver Spring, MD PURPOSE: EVENT TICKETS TO PROVIDE TO CHILDREN | $9,639 |
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS PURPOSE: EVENT TICKETS TO PROVIDE TO CHILDREN | $8,595 |
Washington, DC PURPOSE: EVENT TICKETS TO PROVIDE TO CHILDREN | $8,457 |
Washington, DC PURPOSE: EVENT TICKETS TO PROVIDE TO CHILDREN | $8,366 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Most Valuable Kids Inc has recieved totaling $11,400.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: YOUTH DEVELOPMENT | $10,400 |
George Wasserman Foundation Inc Bethesda, MD PURPOSE: OVERALL CHARITABLE PURPOSE OF THE ORGANIZATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Chimes District Of Columbia Inc Baltimore, MD | $48,959,775 | $100,243,755 |
Senior Health Properties-South Inc Bala Cynwyd, PA | $22,024,850 | $74,814,140 |
Liberty Resources Inc Philadelphia, PA | $18,036,201 | $40,722,801 |
Merakey Woodhaven Lafayette Hill, PA | $6,648,494 | $26,455,348 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Community Resources For Independence Inc Erie, PA | $35,040,174 | $18,257,057 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Council Of Three Rivers American Indian Center Inc Pittsburgh, PA | $2,198,563 | $19,524,702 |
Intercommunity Action Incorporated Philadelphia, PA | $14,614,293 | $19,901,552 |
Spectrum Community Services Inc Allentown, PA | $6,288,427 | $19,062,960 |
Prospectus Associates Inc Reading, PA | $18,973,994 | $22,583,253 |