Carters Kids Inc
- Assets
- $77.4k
- Revenue
- $153.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-5848484
Organization Overview
Carters Kids Inc is located in Ann Arbor, MI. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carters 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 12/2022, Carters Kids Inc generated $153.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $295.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carters Kids Inc has awarded 24 individual grants totaling $1,657,279. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carter Oosterhouse President, Chairman | 1 | $0 | |
Brittany Lovett Vice President | 1 | $0 | |
Sienna Oosterhouse Secretary, CFO | 1 | $0 | |
Marisol Metcalfe Director Of Development | 1 | $0 | |
Quay Chilott Executive Director | 40 | $22,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $153,636 |
| Interest on Savings | $0 |
| Dividends & Interest | $21 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,924 |
| Printing and publications | $0 |
| Other expenses | $31,106 |
| Total operating and administrative expenses | $61,530 |
| Contributions, gifts, grants paid | $234,308 |
| Total expenses and disbursements | $295,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,976 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $16,429 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,998 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,403 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,718 |
| Total liabilities | $3,718 |
Grants Awarded
Over the last fiscal year, Carters Kids Inc has awarded $234,308 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP TEXAS PUBLIC SCHOOLS - PASEO CAMPUS PURPOSE: PLAYGROUND BUILD | $90,006 |
YMCA OF GREATER CHARLOTTE PURPOSE: PLAYGROUND BUILD | $54,000 |
PASADENA UNIFIED SCHOOL DISTRICT PURPOSE: PLAYGROUND BUILD | $90,302 |