Civic Intelligence

Kids Wish Network Inc.

990 • Fiscal year 2018 • EIN 31-1579097

Jun 01, 2017 to May 31, 2018 • Filed on Mar 25, 2019

4060 Louis AvenueHoliday, FL 34691

(727) 937-3600

Siviq Scores

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

Liabilities / Assets

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

39th percentile

0.15x

Higher debt load relative to revenue than 39% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

21st percentile

-5.4%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$239,415

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

68th percentile

7.3%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

14%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,848,990

Up $194,482 (+7.3%) from 2017

Net Assets

Down

$516,848

Down $852,630 (-62%) from 2017

Liabilities

Up

$2,332,142

Up $1,047,112 (+81%) from 2017

Revenue

Up

$15,833,479

Up $1,891,568 (+14%) from 2017

Expenses

Up

$16,686,109

Up $2,378,006 (+17%) from 2017

Net Income

Down

-$852,630

Down $486,438 (-133%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $5,300,388Liabilities 2012: $1,218,059Net Assets 2012: $4,082,3292012Assets 2013: $4,931,519Liabilities 2013: $1,248,070Net Assets 2013: $3,683,4492013Assets 2014: $4,148,332Liabilities 2014: $1,197,086Net Assets 2014: $2,951,2462014Assets 2015: $3,381,922Liabilities 2015: $1,138,685Net Assets 2015: $2,243,2372015Assets 2016: $2,890,143Liabilities 2016: $1,154,473Net Assets 2016: $1,735,6702016Assets 2017: $2,654,508Liabilities 2017: $1,285,030Net Assets 2017: $1,369,4782017Assets 2018: $2,848,990Liabilities 2018: $2,332,142Net Assets 2018: $516,8482018Assets 2019: $3,476,619Liabilities 2019: $867,826Net Assets 2019: $2,608,7932019Assets 2020: $3,903,580Liabilities 2020: $164,128Net Assets 2020: $3,739,4522020Assets 2021: $4,059,870Liabilities 2021: $740,192Net Assets 2021: $3,319,6782021Assets 2022: $3,451,102Liabilities 2022: $535,914Net Assets 2022: $2,915,1882022Assets 2023: $4,309,817Liabilities 2023: $677,553Net Assets 2023: $3,632,2642023Assets 2024: $4,116,391Liabilities 2024: $410,560Net Assets 2024: $3,705,8312024

Highlighted filing

2018

Assets$2,848,990
Liabilities$2,332,142
Net Assets$516,848

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2012: $24,938,0872012Expenses 2013: $18,401,4982013Revenue 2014: $13,852,811Expenses 2014: $14,585,014Net Income 2014: -$732,2032014Revenue 2015: $14,037,460Expenses 2015: $14,745,469Net Income 2015: -$708,0092015Revenue 2016: $14,104,084Expenses 2016: $14,611,651Net Income 2016: -$507,5672016Revenue 2017: $13,941,911Expenses 2017: $14,308,103Net Income 2017: -$366,1922017Revenue 2018: $15,833,479Expenses 2018: $16,686,109Net Income 2018: -$852,6302018Revenue 2019: $19,578,686Expenses 2019: $17,464,197Net Income 2019: $2,114,4892019Revenue 2020: $13,652,950Expenses 2020: $12,857,010Net Income 2020: $795,9402020Revenue 2021: $14,902,839Expenses 2021: $14,510,450Net Income 2021: $392,3892021Revenue 2022: $12,542,226Expenses 2022: $12,946,715Net Income 2022: -$404,4892022Revenue 2023: $11,706,842Expenses 2023: $11,288,616Net Income 2023: $418,2262023Revenue 2024: $10,551,253Expenses 2024: $10,477,686Net Income 2024: $73,5672024

Highlighted filing

2018

Revenue$15,833,479
Expenses$16,686,109
Net Income-$852,630
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Mar 25, 2019
Return Version
2017v2.2
Gross Receipts
$15,833,479
Mission and Program Overview

Mission

Kids wish network is a national charitable organization dedicated to infusing hope, creating happy memories, and improving the quality of life for children with life-threatening conditions and struggling with life-altering situations.

Kids wish network, inc. (kwn)is an organization dedicated to infusing hope, creating happy memories, and improving the quality of life for children having experienced life-altering situations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,169,700$1,492,644▲ $322,944
Inventories for Sale or Use$1,392,663$1,257,968▼ $134,695
Land, Buildings, and Equipment, Net$69,106$76,078▲ $6,972
Prepaid Expenses and Deferred Charges$789$50▼ $739
Total Assets$2,654,508$2,848,990▲ $194,482
Other Assets Total$22,250$22,250→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,285,030$2,332,142▲ $1,047,112
Total Liabilities$1,285,030$2,332,142▲ $1,047,112
Net Assets / Fund Balance
Unrestricted Net Assets$1,369,478$516,848▼ $852,630
Total Net Assets Fund Balance$1,369,478$516,848▼ $852,630
Total Liabilities and Net Assets / Fund Balance$2,654,508$2,848,990▲ $194,482

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,347$127,260$152,607
Leasehold Improvements$49,123$28,420$77,543
Other Land Buildings$1,608$11,103$12,711
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anna LanzantellaExecutive Director (06/01/2017-10/18/17)FT$213,558$25,857$239,415
Anna Lanzantella--$213,558$25,857$239,415
Tam Lai KeenanExecutive Director effective (10/19/17)FT$114,401$25,222$139,623

Board Members and Trustees

NameTitle
David ClevengerPresident
John BrunsDirector
Melanie VrecenakDirector
James MaiSecretary
Andrew GottliebTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Innovairre Studios IncAdvocacy, recruitment, fundraising528 Route 13S Ste 200, Milford, NH 03055$9,334,041
Aegis 3Advocacy, recruitment, fundraising6017 Pine Ridge Road 201, Naples, FL 34119$1,270,525
Associated Community ServicesAdvocacy, recruitment, fundraising23800 W Ten Mile Rd, Southfield, MI 48033$715,906
Charitable Resource FoundationAdvocacy, recruitment, fundraising698 Oldefield Commons Drive Suite 2, Greenwood, IN 46142$488,113
Central Processing ServicesFundraising processor30555 Southfield Rd 530, Southfield, MI 48076$384,964
Revenue and Support

Revenue Composition

Contributions and Grants
$15,833,164
Program Service Revenue
$0
Investment Income
$315
Other Revenue
$0
All Other Contributions
$15,833,164
Change in Net Assets
$-852,630

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$985,347
Total Noncash Contributions1$985,347

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,833,479
Revenue Not Reported on Form 990
$412,290
Total Revenue per Audited Statements
$16,245,769
Total Revenue per Form 990
$15,833,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Professional Fundraising Fees$10,425,164
Total Fundraising Expense$10,425,164
Other Expenses$4,046,838
Grants and Similar Amounts Paid$1,315,240
Salaries, Compensation, and Employee Benefits$898,867

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$10,425,164$10,425,164
Grants to Domestic Individuals$1,315,240--$1,315,240
Other Salaries and Wages$359,575$68,490$0$428,065
Current Officers, Directors, Trustees, and Key Employees$275,486$52,473$0$327,959
Fees for Services Legal$0$84,767$0$84,767
Occupancy$54,930$22,933$0$77,863
Payroll Taxes$48,582$9,254$0$57,836
Other Employee Benefits$41,265$7,860$0$49,125
Pension Plan Contributions$30,141$5,741$0$35,882
Other Expenses$33,588$0$0$33,588
Office Expenses$23,438$4,464$0$27,902
All Other Expenses$20,423$3,890$0$24,313
Fees for Services Accounting$0$23,062$0$23,062
Travel$17,966$3,422$0$21,388
Insurance$14,135$2,692$0$16,827
Depreciation Depletion$8,838$1,684$0$10,522
Fees for Services Other$0$3,414$0$3,414
Total Functional Expenses$3,484,205$0$10,452,613$13,936,818

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$17,098,399
Expenses per Audited Statements$16,686,109
Total Expenses per Form 990$16,686,109
Expenses Not Reported on Form 990$412,290
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$10,425,164
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Kids Wish Network Inc
EIN
31-1579097
Phone
7279373600
Address
4060 Louis Avenue, Holiday, FL 34691

Signing Officer

Name
Tam Lai Keenan
Title
Executive Director
Phone
7279373600
Signed
2019-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tam Lai Keenan
Formed
1997
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
34
Volunteers
300

Preparer

Firm
Reeder & Associates PA
Address
3339 W Bearss Avenue, Tampa, FL 33618
Preparer
Rick Reeder CPA
Phone
8139085310
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Board of Directors reviews the IRS Form 990 prior to filing. Board members discuss any questions or concerns with management and the independent accountants before the return is finalized.

Pt VI, Line 12C

On an annual basis, the Board of Directors reviews the conflict of interest policy and discusses any possible or potential conflicts to ensure none of them arise or exist.

Pt VI, Line 15A

The Organization's executive compensation program is administered by the compensation committee of the Board. It is responsible for establishing and maintaining a competitive compensation program for key executives. The committee meets as needed to review the program and make recommendations for any changes to the Board. The committee may commission a review by an independent consulting firm to evaluate the Organization's executive compensation program against the competitive market.

Pt VI, Line 19

KWN makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Form 990, Part IX, Line 24E

Repairs and maintenance 24313. 20423. 3890. 0.

Financial Statement Notes

Pt X, Line 2

The Organization is exempt from Federal Income Taxes under Section 501(c)3 of the Internal Revenue Code and from state taxes under the provision of the Florida Statutes. The Organization is treated as a public supported organization and not as a private foundation. However, income from certain activities not directly related to the Organization's tax exempt purpose is subject to taxation as unrelated business income. Management is not aware of any activities that would jeopardize the Organization's tax exempt status. The Organization is subject to routine audits by taxing jurisdictions, generally for three years after filing. The Organization believes it is no longer subject to income tax examinations for fiscal years ending prior to May 31, 2015. The Organization accounts for uncertain tax positions, if any, in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Section 740. In accordance with these professional standards, the Organization recognizes tax positions only to the extent that management believes it is "more likely than not" that its tax positions will be sustained upon IRS examination. Management believes that it has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements for the years ended May 31, 2018 and 2017. The Organization believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the Organization's financial condition, results of operations or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain tax provisions at May 31, 2018 and 2017.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from Federal Income Taxes under Section 501(c)3 of the Internal Revenue Code and from state taxes under the provision of the Florida Statutes. The Organization is treated as a public supported organization and not as a private foundation. However, income from certain activities not directly related to the Organization's tax exempt purpose is subject to taxation as unrelated business income. Management is not aware of any activities that would jeopardize the Organization's tax exempt status. The Organization is subject to routine audits by taxing jurisdictions, generally for three years after filing. The Organization believes it is no longer subject to income tax examinations for fiscal years ending prior to May 31, 2015. The Organization accounts for uncertain tax positions, if any, in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Section 740. In accordance with these professional standards, the Organization recognizes tax positions only to the extent that management believes it is "more likely than not" that its tax positions will be sustained upon IRS examination. Management believes that it has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements for the years ended May 31, 2018 and 2017. The Organization believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the Organization's financial condition, results of operations or cash flows. Accordingly, the Organization has not recorded any reserves, or related accruals for interest and penalties for uncertain tax provisions at May 31, 2018 and 2017.
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Filings

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