Civic Intelligence

Kids' Karate

990EZ • Fiscal year 2018 • EIN 02-0547496

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 22, 2019

33 Coolidge RoadNewton Center, MA 02459

(617) 527-8052

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

20.03x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

0.68x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

45th percentile

1.3%

Higher net margin than 45% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

86th percentile

59%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-21%

Faster revenue growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,313

Up $485 (+59%) from 2017

Net Assets

Up

-$24,985

Up $485 (+1.9%) from 2017

Liabilities

Flat

$26,298

Flat from 2017

Revenue

Down

$38,771

Down $10,091 (-21%) from 2017

Expenses

Down

$38,286

Down $6,063 (-14%) from 2017

Net Income

Down

$485

Down $4,028 (-89%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0-$50K-$100KAssets 2011: $1,680Liabilities 2011: $02011Assets 2012: $1,730Liabilities 2012: $0Net Assets 2012: $1,7302012Assets 2013: $3,603Liabilities 2013: $0Net Assets 2013: $3,6032013Assets 2014: $1,474Liabilities 2014: $12,640Net Assets 2014: -$11,1662014Assets 2015: $1,474Liabilities 2015: $17,200Net Assets 2015: -$15,7262015Assets 2016: $1,717Liabilities 2016: $31,7002016Assets 2017: $828Liabilities 2017: $26,298Net Assets 2017: -$25,4702017Assets 2018: $1,313Liabilities 2018: $26,298Net Assets 2018: -$24,9852018Assets 2019: $1,104Liabilities 2019: $26,298Net Assets 2019: -$25,1942019Assets 2020: $3,212Liabilities 2020: $22,298Net Assets 2020: -$19,0862020Assets 2021: $1,804Liabilities 2021: $24,298Net Assets 2021: -$22,4942021Assets 2022: $1,623Liabilities 2022: $39,971Net Assets 2022: -$38,3482022Assets 2023: $2,147Liabilities 2023: $39,971Net Assets 2023: -$37,8242023Assets 2024: $879Liabilities 2024: $51,302Net Assets 2024: -$50,4232024

Highlighted filing

2018

Assets$1,313
Liabilities$26,298
Net Assets-$24,985

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2011: $43,979Expenses 2011: $43,006Net Income 2011: $9732011Revenue 2012: $40,037Expenses 2012: $39,987Net Income 2012: $502012Revenue 2013: $38,826Expenses 2013: $46,093Net Income 2013: -$7,2672013Revenue 2014: $41,495Expenses 2014: $47,124Net Income 2014: -$5,6292014Revenue 2015: $45,190Expenses 2015: $49,750Net Income 2015: -$4,5602015Revenue 2016: $28,943Expenses 2016: $43,200Net Income 2016: -$14,2572016Revenue 2017: $48,862Expenses 2017: $44,349Net Income 2017: $4,5132017Revenue 2018: $38,771Expenses 2018: $38,286Net Income 2018: $4852018Revenue 2019: $35,652Expenses 2019: $35,861Net Income 2019: -$2092019Revenue 2020: $13,210Expenses 2020: $7,102Net Income 2020: $6,1082020Revenue 2021: $7,495Expenses 2021: $10,903Net Income 2021: -$3,4082021Revenue 2022: $9,186Expenses 2022: $25,040Net Income 2022: -$15,8542022Revenue 2023: $27,342Expenses 2023: $26,818Net Income 2023: $5242023Revenue 2024: $13,207Expenses 2024: $25,806Net Income 2024: -$12,5992024

Highlighted filing

2018

Revenue$38,771
Expenses$38,286
Net Income$485
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 22, 2019
Return Version
2018v3.1
Gross Receipts
$38,771
Mission and Program Overview

Mission

The exempt purposes are as follows: a. To benefit the public interest by providing top quality martial arts instruction to large numbers of children at substantially below market price, in underprivileged as well as middle-class areas. B. To combat community deterioration and various forms of juvenile delinquency and drug use by helping the children develop strength of character, a healthy sense of achievement, and a positive value system which serve as deterrents to negative activities, negative influences, and negative peer pressue by helping the children feel and build self-esteem, self-confidence and self-discipline. C. To diminish prejudice and discrimination by providing an environment of courtesy, sportsmanship, and mutual respect in ethnically diverse and co-educational classes. The annual kids' karate exhibition provides an opportunity for children from different communities to interact and perform together. D. To allow the children to continue in the program.

See Schedule O attached.

Program Services

DescriptionGrantsExpenses
A. To benefit the public interest by providing top quality martial artsinstruction to large numbers of children at substantially below marketprice, in underprivileged as well as middle class areas (cont. on Schedule O).$0$38,286
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard S JacobsDirector And TrusteePT$0--
Margaret L KlingmeyerTrustee-$0--
Frederick J Klingmeyer SrTrustee-$0--
Filing and Contact Details

Filer

Filer Name
KIDS' KARATE
EIN
02-0547496
Phone
6175278052
Address
33 Coolidge Road, Newton Center, MA 02459

Signing Officer

Name
Richard S Jacobs
Title
Director and Trustee
Phone
6175278052
Signed
2019-04-22
Discuss with paid preparer
Yes

Preparer

Firm
Volante Associates Llp Cpas
Address
PO BOX 193, BELMONT, MA 02478-0002
Preparer
John J Volante CPA MST
Phone
6174842777
Supplemental Narrative

Additional Explanations

Pt III, Line 31

Program service accomplishments, continued from Part III, Line 28: B. To combat community deterioration and various forms of juvenile deliquency and drug use by helping the children develop strength of charachter, a healthy sense of achievement, and a positive value system which serves as deterents to negative activities, negative influences, and negative peer pressure by helping the children feel and build self-esteem, self confidence, and self-discipline. C. To diminish prejudice and discrimination by providing an evironment of courtesy, sportsmanship, and mutual respect in ethnically diverseand co-educational classes. The Annual Kid's Karate Exhibition provides an opportunity for children from different communities to interact and perform together. D. To provide a curriculum that allows the children to continue in the program with progressive development from beginners level through and beyond the rank of black belt.

Pt V, Line 35B

There is no unrelated business activity or income to report.

Other

Part iii organization's primary exempt purpose

Other

During the year we served 200 boys and girls in underprivileged as well as middle class areas in their positive growth and development mentally, physically, socially and psycologically through racially and culturally diverse martial arts classes. These are taught by high-ranking black-belt instructors at substantially below market rates. All students advance in belt rank.

Form 990EZ, Part I, Line 16

Advertising 4495.

Form 990EZ, Part I, Line 16

Liability insurance 2100.

Form 990EZ, Part I, Line 16

Uniforms and belts 1392.

Form 990EZ, Part I, Line 16

Workers' comp 259.

Form 990EZ, Part I, Line 16

Trophies & Exhibition expense 409.

Form 990EZ, Part I, Line 16

Office supplies 732.

Form 990EZ, Part I, Line 16

Website 210.

Form 990EZ, Part I, Line 16

Taxes and fees 35.

Form 990EZ, Part I, Line 16

Miscellaneous 150.

Form 990EZ, Part I, Line 16

Karate equipment 40.

Form 990EZ, Part II, Line 26

Loans from Officers 26298. 26298.

Raw XML Appendix236 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OtherExpensesTotalAmt09822
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt012000
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt012600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt062502
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt026771
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt026460
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt028443
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt030190
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt028895
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0140759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt038771
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt041495
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0203261
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt010000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12640
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0To pay expenses
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1To pay rent and Ins
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2To pay expenses
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Operating expenses
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Richard Jacobs
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IRS990ScheduleL/TotalBalanceDueAmt026298
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program service accomplishments, continued from Part III, Line 28: B. To combat community deterioration and various forms of juvenile deliquency and drug use by helping the children develop strength of charachter, a healthy sense of achievement, and a positive value system which serves as deterents to negative activities, negative influences, and negative peer pressure by helping the children feel and build self-esteem, self confidence, and self-discipline. C. To diminish prejudice and discrimination by providing an evironment of courtesy, sportsmanship, and mutual respect in ethnically diverseand co-educational classes. The Annual Kid's Karate Exhibition provides an opportunity for children from different communities to interact and perform together. D. To provide a curriculum that allows the children to continue in the program with progressive development from beginners level through and beyond the rank of black belt.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There is no unrelated business activity or income to report.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART III ORGANIZATION'S PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3During the year we served 200 boys and girls in underprivileged as well as middle class areas in their positive growth and development mentally, physically, socially and psycologically through racially and culturally diverse martial arts classes. These are taught by high-ranking black-belt instructors at substantially below market rates. All students advance in belt rank.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Advertising 4495.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Liability insurance 2100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Uniforms and belts 1392.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Workers' comp 259.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Trophies & Exhibition expense 409.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Office supplies 732.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Website 210.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Taxes and fees 35.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Miscellaneous 150.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Karate equipment 40.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Loans from Officers 26298. 26298.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt V, Line 35b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard S Jacobs
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director and Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum06175278052
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KIDS' KARATE
ReturnHeader/Filer/BusinessNameControlTxt0KIDS
ReturnHeader/Filer/EIN0020547496
ReturnHeader/Filer/PhoneNum06175278052
ReturnHeader/Filer/USAddress/AddressLine1Txt033 Coolidge Road
ReturnHeader/Filer/USAddress/CityNm0Newton Center
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002459
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01BE79DA79446E9ED0DBF89080055CE255262571A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01BE79DA79446E9ED0DBF89080055CE255262571A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.237.233.65
ReturnHeader/FilingSecurityInformation/IPDt02019-05-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:32:33
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VOLANTE ASSOCIATES LLP CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 193
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0024780002
ReturnHeader/PreparerPersonGrp/PhoneNum06174842777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John J Volante CPA MST
ReturnHeader/ReturnTs02019-05-06T11:32:37-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.88$51.3$50.4$13.2$25.8$12.6
2023Detailed filing. Detailed filing data is available for this year.$2.15$40.0$37.8$27.3$26.8$0.52
2022Detailed filing. Detailed filing data is available for this year.$1.62$40.0$38.3$9.19$25.0$15.9
2021Detailed filing. Detailed filing data is available for this year.$1.80$24.3$22.5$7.50$10.9$3.41
2020Detailed filing. Detailed filing data is available for this year.$3.21$22.3$19.1$13.2$7.10$6.11
2019Detailed filing. Detailed filing data is available for this year.$1.10$26.3$25.2$35.7$35.9$0.21
2018Detailed filing. Detailed filing data is available for this year.$1.31$26.3$25.0$38.8$38.3$0.49
2017Detailed filing. Detailed filing data is available for this year.$0.83$26.3$25.5$48.9$44.3$4.51
2016Summary only. Only limited summary data is available for this year.$1.72$31.7$28.9$43.2$14.3
2015Detailed filing. Detailed filing data is available for this year.$1.47$17.2$15.7$45.2$49.8$4.56
2014Detailed filing. Detailed filing data is available for this year.$1.47$12.6$11.2$41.5$47.1$5.63
2013Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$38.8$46.1$7.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.00$1.73$40.0$40.0$0.05
2011Summary only. Only limited summary data is available for this year.$1.68$0.00$44.0$43.0$0.97