Kars 4 Kids Inc
- Assets
- $38.6m
- Revenue
- $109.7m
- Investments
- $0.0
- Employees
- 90
- Location
- Lakewood, NJ
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 22-3746050
Organization Overview
Kars 4 Kids Inc, operating under the name Kars4kids, is located in Lakewood, NJ. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Kars4kids employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kars4kids 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 12/2021, Kars4kids generated $109.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $112.5m during the year ending 12/2021. While expenses have increased by 16.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KARS 4 KIDS, INC. FUNDS EDUCATIONAL AND YOUTH PROGRAMS FOR JEWISH CHILDREN AND FAMILIES IN COMMUNITIES ACROSS THE UNITED STATES. OUR FULL SUITE OF PROGRAMS INCLUDES SCHOOL PLACEMENT AND TUITION ASSISTANCE, MENTORSHIP AND EXTRACURRICULAR PROGRAMS, FAMILY RETREATS AND SUMMER CAMPS. OUR WIDE ARRAY OF SERVICES IS DESIGNED TO IMPACT EVERY ASPECT OF A CHILD'S DEVELOPMENT FROM THE ACADEMIC TO THE SOCIAL AND CULTURAL. THIS HOLISTIC APPROACH INVOLVES SCHOOL, FAMILY AND COMMUNITY WORKING TOGETHER TO DEVELOP OUR YOUTH INTO PRODUCTIVE AND RESPONSIBLE ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KARS 4 KIDS FUNDS EDUCATIONAL, DEVELOPMENTAL, AND RECREATIONAL PROGRAMS FOR JEWISH YOUTH AND THEIR FAMILIES. OUR GOAL IS TO FOSTER A GENERATION OF WELL-BALANCED, PRODUCTIVE ADULTS. OUR MEANS TO ACCOMPLISH THIS GOAL IS TO PROVIDE CHILDREN AND THEIR FAMILIES WITH A STRONG NETWORK OF PERSONAL GUIDANCE AND EDUCATIONAL RESOURCES, INDIVIDUALIZED TO THEIR NEEDS. OUR WIDE ARRAY OF SERVICES IS DESIGNED TO MAXIMIZE EACH FACET OF A CHILD'S DEVELOPMENT - ACADEMIC, SOCIAL AND CULTURAL.KARS 4 KIDS'S OVERALL AREAS OF ACTIVITY CONSIST OF EDUCATIONAL PROGRAMMING, SCHOOL PLACEMENT, TUITION ASSISTANCE, MENTORSHIP PROGRAMS, CULTURAL ACTIVITIES, WEEKEND RETREATS, RELIGIOUS INSTRUCTION, SUMMER CAMPS, RECREATION AND GUIDANCE COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Moskowitz President | Officer | 40 | $96,987 |
Esther Landau COO | Officer | 40 | $75,822 |
Shoshana Joselit Secretary/treasurer | Officer | 35 | $68,667 |
Eliyohu Mintz CEO | OfficerTrustee | 25 | $48,000 |
Bentzion Turin General Counsel | Officer | 20 | $0 |
Shimshon Bandman Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jt & Sons Llc Transportation | 12/30/21 | $287,776 |
Singh Towing Inc Transportation | 12/30/21 | $230,994 |
Executive Bond Services Llc Bond Services | 12/30/21 | $169,287 |
Orrick Legal Services | 12/30/21 | $1,124,315 |
Good Guys Towing Transportation | 12/30/21 | $324,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,549,389 |
| Noncash contributions included in lines 1a–1f | $121,121,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,549,389 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | -$11,891,693 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,657,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,385,676 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $188,659 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $236,994 |
| Compensation of current officers, directors, key employees. | $141,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,682,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $377,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,492,337 |
| Fees for services: Accounting | $66,443 |
| Fees for services: Lobbying | $96,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $316,854 |
| Advertising and promotion | $36,758,514 |
| Office expenses | $1,867,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $19,007 |
| Insurance | $50,647 |
| All other expenses | $0 |
| Total functional expenses | $112,539,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,940,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,284,293 |
| Accounts receivable, net | $3,108,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,349,261 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,758,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $90,000 |
| Other assets | $34,754 |
| Total assets | $38,564,876 |
| Accounts payable and accrued expenses | $6,831,736 |
| Grants payable | $0 |
| 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 | $10,654,577 |
| Total liabilities | $17,486,313 |
| Net assets without donor restrictions | $21,078,563 |
| 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 | $38,564,876 |
Grants Awarded
Over the last fiscal year, Kars 4 Kids Inc has awarded $66,318,735 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, NJ PURPOSE: SEE SCHEDULE I, PART IV | $66,271,957 |
Miami, FL PURPOSE: GENERAL SUPPORT | $46,778 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Kars 4 Kids Inc has recieved totaling $1,334,709.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $1,121,116 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $114,487 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $27,175 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,110 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $8,400 |
Givinga Foundation Inc Wellesley, MA PURPOSE: PROGRAM SUPPORT | $6,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goldman Sachs Charitable Gift Fund New York, NY | $647,108,972 | $257,164,151 |
Ayco Charitable Foundation Cohoes, NY | $1,031,597,000 | $377,221,382 |
Mother Cabrini Health Foundation New York, NY | $4,041,149,647 | $113,675,567 |
Kars 4 Kids Inc Lakewood, NJ | $38,564,876 | $109,657,696 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |