Civic Intelligence

Confikids Inc.

990 • Fiscal year 2023 • EIN 82-1040400

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

PO Box 71Foxboro, MA 02035

(781) 696-7103

Siviq Scores

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

Liabilities / Assets

76th percentile

0.06x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

0.02x

Higher debt load relative to revenue than 73% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

37th percentile

-2.7%

Higher net margin than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

87th percentile

$27,500

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

40th percentile

-4.1%

Faster asset growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

30%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$92,445

Down $3,945 (-4.1%) from 2022

Net Assets

Down

$87,087

Down $6,103 (-6.5%) from 2022

Liabilities

Up

$5,358

Up $2,158 (+67%) from 2022

Revenue

Up

$221,858

Up $51,844 (+30%) from 2022

Expenses

Up

$227,958

Up $31,600 (+16%) from 2022

Net Income

Up

-$6,100

Up $20,244 (+77%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $39,841Liabilities 2017: $1,563Net Assets 2017: $38,2782017Assets 2018: $96,502Liabilities 2018: $0Net Assets 2018: $96,5022018Assets 2019: $40,262Liabilities 2019: $385Net Assets 2019: $39,8772019Assets 2020: $99,351Liabilities 2020: $3,630Net Assets 2020: $95,7212020Assets 2021: $119,657Liabilities 2021: $123Net Assets 2021: $119,5342021Assets 2022: $96,390Liabilities 2022: $3,200Net Assets 2022: $93,1902022Assets 2023: $92,445Liabilities 2023: $5,358Net Assets 2023: $87,0872023Assets 2024: $136,738Liabilities 2024: $39,112Net Assets 2024: $97,6262024

Highlighted filing

2023

Assets$92,445
Liabilities$5,358
Net Assets$87,087

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2017: $47,182Expenses 2017: $8,904Net Income 2017: $38,2782017Revenue 2018: $109,706Expenses 2018: $51,482Net Income 2018: $58,2242018Revenue 2019: $81,958Expenses 2019: $138,583Net Income 2019: -$56,6252019Revenue 2020: $128,380Expenses 2020: $72,536Net Income 2020: $55,8442020Revenue 2021: $163,649Expenses 2021: $139,836Net Income 2021: $23,8132021Revenue 2022: $170,014Expenses 2022: $196,358Net Income 2022: -$26,3442022Revenue 2023: $221,858Expenses 2023: $227,958Net Income 2023: -$6,1002023Revenue 2024: $271,057Expenses 2024: $260,518Net Income 2024: $10,5392024

Highlighted filing

2023

Revenue$221,858
Expenses$227,958
Net Income-$6,100
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$247,915
Mission and Program Overview

Mission

The organization's primary purpose is to provide children of limited financial resources the opportunity to enroll and participate in programs of culture, sports, arts and enrichment by raising funds through private and business donations, grants and fundraising efforts and by providing scholarships for extracurricular activities so as to build confidence in children who seek to acquire a new skill/talent or continue with an activity in which the child thrives and excels.

Founded in 2017, confikids, inc. Is a 501(c)(3) nonprofit organization that strives to provide opportunities for children of limited financial means to participate in enrichment activities so that they may pursue their interests and passions, develop new skills, establish new relationships, and, ultimately, build confidence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,287$92,345▼ $3,942
Savings and Temporary Cash Investments$100$100→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$96,387$92,445▼ $3,942
Liabilities
Accounts Payable and Accrued Expenses$3,096$5,119▲ $2,023
Other Liabilities$104$239▲ $135
Total Liabilities$3,200$5,358▲ $2,158
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$93,187$87,087▼ $6,100
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$93,187$87,087▼ $6,100
Total Liabilities and Net Assets / Fund Balance$96,387$92,445▼ $3,942

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,563$1,563
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rachel CalabreseExecutive DirectorFT$27,500$27,500

Board Members and Trustees

NameTitle
Laurie BarkowskyPresident
Maureen OutlawVice President
Denise MeurchDirector
Karen MinassianDirector
Katie PinabellDirector
Lynne AbbottDirector
Tamara DzialoClerk
Maura DankertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$118,011
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$103,847
All Other Contributions
$118,011
Change in Net Assets
$-6,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,571
Salaries, Compensation, and Employee Benefits$37,387
Total Fundraising Expense$20,998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$5,500$5,500$16,500$27,500
Fees for Services Other$11,448$466-$11,914
Other Salaries and Wages$2,567$1,283$2,567$6,417
Fees for Services Accounting-$4,850-$4,850
Payroll Taxes$845$694$1,931$3,470
Insurance-$1,622-$1,622
Conferences and Meetings-$1,482-$1,482
Advertising-$1,436-$1,436
Office Expenses-$1,258-$1,258
All Other Expenses-$1,213-$1,213
Other Expenses$160,189$1,021-$1,021
Interest-$32-$32
Total Functional Expenses$180,549$26,411$20,998$227,958
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$129,904
Fundraising Direct Expenses$26,057
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rodman Ride$45,810$45,810$3,752$42,058
Celebration for Kids$25,000$25,000-$25,000
Total Events$120,572$120,572$24,256$96,316
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$239
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The tax return is reviewed by all officers/directors for approval with final sign off by the board president.

Form 990, Part VI, Section B, Line 12C

Confikids has a policy of not engaging in any business transaction of any type that may directly or indirectly benefit the board.

Form 990, Part VI, Section B, Line 15A

The board of directors is responsible for an annual review of the executive director and evaluating compensation annually.

Form 990, Part VI, Section C, Line 18

UPON REQUEST

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Confikids Inc
EIN
82-1040400
Phone
7816967103
Address
PO BOX 71, FOXBORO, MA 02035

Signing Officer

Name
Rachel Calabrese
Title
Executive Director
Phone
7816967103
Signed
2024-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Barkowsky
Formed
2017
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
200

Preparer

Firm
John T Chipman & Company Llp
Address
955 WASHINGTON STREET, NORWOOD, MA 02062
Preparer
Lisa M Gray CPA
Phone
7817626272
Supplemental Narrative

Additional Explanations

Part XII Financial Statement and Reporting

Beginning in 2023, the organization instituted a committee that assumes responsibility for oversight of the financial statements and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

Confikids, inc. Is an exempt organization under internal revenue code section 501(c)(3) and is not considered a private foundation. The corporation is also exempt from massachusetts income taxes. The organization has identified its tax status as a tax-exempt entity as a tax position, however, it has determined that such tax position does not result in an uncertainty requiring recognition. The organization is not currently under examination by any taxing jurisdiction. Its federal and state exempt organization tax returns are generally open for examination for the past three years.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt033661
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONFIKIDS, INC. IS AN EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS NOT CONSIDERED A PRIVATE FOUNDATION. THE CORPORATION IS ALSO EXEMPT FROM MASSACHUSETTS INCOME TAXES. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS A TAX POSITION, HOWEVER, IT HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE PAST THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CELEBRATION FOR KIDS
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt03632
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED BY ALL OFFICERS/DIRECTORS FOR APPROVAL WITH FINAL SIGN OFF BY THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFIKIDS HAS A POLICY OF NOT ENGAGING IN ANY BUSINESS TRANSACTION OF ANY TYPE THAT MAY DIRECTLY OR INDIRECTLY BENEFIT THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS RESPONSIBLE FOR AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR AND EVALUATING COMPENSATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BEGINNING IN 2023, THE ORGANIZATION INSTITUTED A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII FINANCIAL STATEMENT AND REPORTING
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RACHEL CALABRESE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07816967103
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONFIKIDS INC
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