Civic Intelligence

Kids Orbit Inc.

990 • Fiscal year 2020 • EIN 11-3277883

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 16, 2021

Organization ProfileKIDSORBIT.COM
694 Fifth AvenueBrooklyn, NY 11215-6660

(718) 768-4428

Siviq Scores

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

Liabilities / Assets

44th percentile

0.07x

Higher debt load relative to assets than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.05x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$108,400

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-39%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$1,452,538

Up $268,588 (+23%) from 2019

Net Assets

Up

$1,352,948

Up $233,400 (+21%) from 2019

Liabilities

Up

$99,590

Up $35,188 (+55%) from 2019

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin62nd percentile

Revenue

Down

$1,987,348

Down $1,297,350 (-39%) from 2019

Expenses

Down

$1,753,948

Down $1,529,288 (-47%) from 2019

Net Income

Up

$233,400

Up $231,938 (+15864%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $195,953Liabilities 2010: $31,372Net Assets 2010: $164,5812010Assets 2011: $241,207Liabilities 2011: $14,210Net Assets 2011: $226,9972011Assets 2012: $429,636Liabilities 2012: $58,016Net Assets 2012: $371,6202012Assets 2013: $398,831Liabilities 2013: $23,658Net Assets 2013: $375,1732013Assets 2014: $540,342Liabilities 2014: $26,678Net Assets 2014: $513,6642014Assets 2015: $704,759Liabilities 2015: $160,283Net Assets 2015: $544,4762015Assets 2016: $612,434Liabilities 2016: $25,038Net Assets 2016: $587,3962016Assets 2017: $814,340Liabilities 2017: $36,013Net Assets 2017: $778,3272017Assets 2018: $1,192,897Liabilities 2018: $74,811Net Assets 2018: $1,118,0862018Assets 2019: $1,183,950Liabilities 2019: $64,402Net Assets 2019: $1,119,5482019Assets 2020: $1,452,538Liabilities 2020: $99,590Net Assets 2020: $1,352,9482020Assets 2021: $2,164,460Liabilities 2021: $685,064Net Assets 2021: $1,479,3962021Assets 2022: $3,257,339Liabilities 2022: $674,130Net Assets 2022: $2,583,2092022Assets 2023: $4,054,559Liabilities 2023: $689,893Net Assets 2023: $3,364,6662023

Highlighted filing

2020

Assets$1,452,538
Liabilities$99,590
Net Assets$1,352,948
Open 2020 Filing

Operations Trend

Revenue Growth11th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $697,788Expenses 2010: $708,756Net Income 2010: -$10,9682010Revenue 2011: $945,579Expenses 2011: $883,164Net Income 2011: $62,4152011Expenses 2012: $1,258,5082012Revenue 2013: $1,472,962Expenses 2013: $1,469,409Net Income 2013: $3,5532013Revenue 2014: $1,892,858Expenses 2014: $1,754,367Net Income 2014: $138,4912014Revenue 2015: $1,994,203Expenses 2015: $1,963,391Net Income 2015: $30,8122015Revenue 2016: $2,071,172Expenses 2016: $2,028,252Net Income 2016: $42,9202016Revenue 2017: $2,675,637Expenses 2017: $2,484,706Net Income 2017: $190,9312017Revenue 2018: $3,048,675Expenses 2018: $2,708,916Net Income 2018: $339,7592018Revenue 2019: $3,284,698Expenses 2019: $3,283,236Net Income 2019: $1,4622019Revenue 2020: $1,987,348Expenses 2020: $1,753,948Net Income 2020: $233,4002020Revenue 2021: $2,161,799Expenses 2021: $2,035,351Net Income 2021: $126,4482021Revenue 2022: $4,116,616Expenses 2022: $3,012,803Net Income 2022: $1,103,8132022Revenue 2023: $5,032,346Expenses 2023: $4,250,889Net Income 2023: $781,4572023

Highlighted filing

2020

Revenue$1,987,348
Expenses$1,753,948
Net Income$233,400
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 16, 2021
Return Version
2020v4.1
Gross Receipts
$3,357,091
Mission and Program Overview

Mission

The mission of kids orbit is to provide sensible after school programs for young people that are designed and conducted to promote positive youth developement and support the schools, parents and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,143,938$1,171,285▲ $27,347
Cash and Non-Interest-Bearing Accounts$19,060$215,925▲ $196,865
Accounts Receivable$20,952$65,328▲ $44,376
Loans From Officers Directors$25,000--
Total Assets$1,183,950$1,452,538▲ $268,588
Liabilities
Accounts Payable and Accrued Expenses$39,402$99,590▲ $60,188
Total Liabilities$64,402$99,590▲ $35,188
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,119,548$1,352,948▲ $233,400
Total Net Assets Fund Balance$1,119,548$1,352,948▲ $233,400
Total Liabilities and Net Assets / Fund Balance$1,183,950$1,452,538▲ $268,588

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$8,250$8,250
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ronny SchindlerPresidentFT$108,400$108,400

Board Members and Trustees

NameTitle
Bernard AllenDirector
John DudaDirector
Oded Ben AminDirector
Arnold PeltzCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$448,100
Program Service Revenue
$1,498,313
Investment Income
$40,935
Other Revenue
$0
Change in Net Assets
$233,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,254,938
Other Expenses$499,010
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,070,786--$1,070,786
Current Officers, Directors, Trustees, and Key Employees$108,400--$108,400
Payroll Taxes$75,752--$75,752
All Other Expenses$40,153--$40,153
Insurance$36,598--$36,598
Fees for Services Accounting$21,064$10,000-$31,064
Other Expenses$27,396--$27,396
Fees for Service Investment Mgmnt Fees$13,560--$13,560
Advertising$6,056--$6,056
Fees for Services Other$1,800--$1,800
Total Functional Expenses$1,743,948$10,000$0$1,753,948
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-PresidentSee Part Iv BelowNo$315,750

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$25,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Each board member is given a draft copy of form 990 to review prior to the filing of form 990”

Form 990, Part VI, Section C, Line 19

“All documents and financial statements are available to the public on request”

Filing and Contact Details

Filer

Filer Name
Kids Orbit Inc
EIN
11-3277883
Phone
7187684428
Address
694 Fifth Avenue, Brooklyn, NY 11215-6660

Signing Officer

Name
Ronny Schindler
Title
President
Signed
2021-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronny Schindler
Formed
1996
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
212

Preparer

Firm
Grossman Associates Inc
Address
1650 Sycamore Avenue Suite 11, Bohemia, NY 11716
Preparer
Alan Grossman
Phone
6315673590
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98890
IRS990ScheduleA/PublicSupportCY509Pct00.99370
IRS990ScheduleA/PublicSupportPY170Pct00.98920
IRS990ScheduleA/PublicSupportPY509Pct00.98980
IRS990ScheduleA/PublicSupportTotal170Amt010967553
IRS990ScheduleA/PublicSupportTotal509Amt012913966
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01946413
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03243668
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03010970
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02651000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02061915
IRS990ScheduleA/Total509Grp/TotalAmt012913966
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03243668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03010970
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02651000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02061915
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010967553
IRS990ScheduleA/TotalSupportAmt011090740
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01946413
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03243668
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03059233
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02675637
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02071172
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012996123
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08250
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08250
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RONNY SCHINDLER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0315750
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE PART IV BELOW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0to cover payroll
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt025000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0RONNY SCHINDLER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PAYMENT IS MADE TO A CORPORATION THAT IS 100 OWNED BY THE OFFICER. THE PAYMENTS ARE FOR THE USE OF THE FACILITES AND SUPPORT SERVICES RENDERED TO KIDS ORBIT INC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV Line 1
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH BOARD MEMBER IS GIVEN A DRAFT COPY OF FORM 990 TO REVIEW PRIOR TO THE FILING OF FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01183950
IRS990/TotalAssetsEOYAmt01452538
IRS990/TotalAssetsGrp/BOYAmt01183950
IRS990/TotalAssetsGrp/EOYAmt01452538
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0448100
IRS990/TotalEmployeeCnt0212
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01743948
IRS990/TotalFunctionalExpensesGrp/TotalAmt01753948
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt064402
IRS990/TotalLiabilitiesEOYAmt099590
IRS990/TotalLiabilitiesGrp/BOYAmt064402
IRS990/TotalLiabilitiesGrp/EOYAmt099590
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01119548
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01352948
IRS990/TotalProgramServiceExpensesAmt01743948
IRS990/TotalProgramServiceRevenueAmt01498313
IRS990/TotalReportableCompFromOrgAmt0108400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01987348
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01183950
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01452538
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0694 FIFTH AVENUE
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0112156660
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0KIDSORBIT.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RONNY SCHINDLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KIDS ORBIT INC
ReturnHeader/Filer/BusinessNameControlTxt0KIDS
ReturnHeader/Filer/EIN0113277883
ReturnHeader/Filer/PhoneNum07187684428
ReturnHeader/Filer/USAddress/AddressLine1Txt0694 Fifth Avenue
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0112156660
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Grossman Associates Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01650 Sycamore Avenue Suite 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bohemia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011716
ReturnHeader/PreparerPersonGrp/PhoneNum06315673590
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alan Grossman
ReturnHeader/ReturnTs02021-11-16T07:34:15-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RONNY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHINDLER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,452,538
Liabilities
$99,590
Net assets
$1,352,948
Revenue
$1,987,348
Expenses
$1,753,948
Net income
$233,400
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.05$0.69$3.36$5.03$4.25$0.78
2022Detailed filing. Detailed filing data is available for this year.$3.26$0.67$2.58$4.12$3.01$1.10
2021Detailed filing. Detailed filing data is available for this year.$2.16$0.69$1.48$2.16$2.04$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.45$0.10$1.35$1.99$1.75$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.18$0.06$1.12$3.28$3.28$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.19$0.07$1.12$3.05$2.71$0.34
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.04$0.78$2.68$2.48$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.03$0.59$2.07$2.03$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.16$0.54$1.99$1.96$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.51$1.89$1.75$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.38$1.47$1.47$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.06$0.37$1.26
2011Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$0.95$0.88$0.06
2010Summary only. Only limited summary data is available for this year.$0.20$0.03$0.16$0.70$0.71$0.01