Cap for Kids

Schedule O:

“Line 10 ? Grants and Similar Amounts Paid Cap for Kids provided $61,669 in direct financial support to families of children undergoing cancer treatment. This support was used to pay essential bills such as rent, utilities, car payments, and insurance. The organization works directly with social workers at partner hospitals to identify eligible families. Funds are paid directly to billers on behalf of the families. Line 16 ? Other Expenses Cap for Kids reported $12,715 in operational expenses for 2024, which include travel for awareness and fundraising events, printing of outreach materials (such as stickers, business cards, and display signage), and costs associated with attending conventions to raise support for the mission. All expenses are volunteer-managed and aligned with outreach goals. Schedule A, Part II, Line 5 ? Contributions from Disqualified Person A single contributor exceeded the 2% threshold of public support in multiple years. The total amount to subtract from public support per IRS regulations is $54,181. The resulting public support percentage is 82.3%, qualifying the organization under the 33 1/3% test. Schedule A, Part II, Line 24 ? Other Assets Line 24 includes a reconciliation adjustment of $3,241 to align reported net assets with actual bank balances. Cap for Kids uses a simplified cash accounting method, and this adjustment accounts for minor timing differences in income recognition and unreconciled year-end balances. Schedule A, Part II, Line 26 ? Total Liabilities Cap for Kids has no debts, loans, or outstanding financial obligations. The organization operates on a fully cash-funded model with no liabilities carried forward. Organizational Statement Cap for Kids is entirely volunteer-run. No officers, board members, or contributors receive compensation of any kind. This ensures that every dollar raised directly supports our mission: helping families focus on their childs healing rather than their bills. The board proudly donates time, resources, and love to sustain this purpose.”