Golden Children Inc
- Assets
- $16.2m
- Revenue
- $1.1m
- Investments
- $9.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 90-0109223
Organization Overview
Golden Children Inc is located in New York, NY. The organization was established in 2003. 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. Golden Children 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 12/2021, Golden Children Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 27.5% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BENEFIT POOR AND ORPHANED CHILDREN OVERSEAS, INCLUDING ESTABLISHMENT, OPERATION, AND SUPPORT OF CHARITABLE, HUMANITARIAN AND EDUCATIONAL PROGRAMS. THE ACTIVITIES OF GOLDEN CHILDREN ALSO INCLUDE ESTABLISHING AND OPERATING, DIRECTLY OR INDIRECTLY, RESIDENTIAL FACILITIES FOR ORPHANS IN FOREIGN COUNTRIES; PROVIDING FOR THE PHYSICAL, EMOTIONAL AND EDUCATIONAL DEVELOPMENT OF ORPHANED CHILDREN FOREIGN COUNTRIES; AND ENGAGING IN ACTIVITIES TO PROVIDE THE PUBLIC WITH INFORMATION REGARDING THE PLIGHT OF ORPHANED CHILDREN IN FOREIGN COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shapiro Country Director | 35 | $70,000 | |
Sbong Sorida Executive Director | 1 | $24,945 | |
Christopher W Johnson President | 1 | $0 | |
Kara Heide Treasurer | 1 | $0 | |
Elizabeth Ross Johnson White Vice President/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,541 |
| Interest on Savings | $915 |
| Dividends & Interest | $163,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $955,591 |
| Capital Gain Net Income | $955,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,780 |
| Total Revenue | $1,131,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $94,945 |
| Other employee salaries and wages | $212,745 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127,958 |
| Depreciation | $111,295 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $134,229 |
| Printing and publications | $0 |
| Other expenses | $793,761 |
| Total operating and administrative expenses | $2,638,487 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $2,718,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,040 |
| Savings and temporary cash investments | $1,581,888 |
| Net Accounts receivable | $24,614 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,120,399 |
| Net Land, buildings, and equipment | $3,201,652 |
| Other assets | $2,004,524 |
| Total assets | $16,166,117 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Golden Children Inc has recieved totaling $136,000.
| Awarding Organization | Amount |
|---|---|
Childrens Tr 04132005 New York, NY PURPOSE: SOCIAL WELFARE | $136,000 |
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|---|---|---|
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Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |