Civic Intelligence

IT'S Time for Kids

990 • Fiscal year 2014 • EIN 91-2038782

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 27, 2015

17328 Ventura Boulevard Room 164Encino, CA 91316-3904

(818) 776-0565

Siviq Scores

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

Liabilities / Assets

94th percentile

1.05x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

0.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

98th percentile

$94,390

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 38.5% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

18th percentile

-26%

Faster revenue growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$41,962

Down $9,721 (-19%) from 2013

Net Assets

Down

-$2,091

Down $51,466 (-104%) from 2013

Liabilities

Up

$44,053

Up $41,745 (+1809%) from 2013

Revenue

Down

$245,065

Down $88,290 (-26%) from 2013

Expenses

Up

$296,531

Up $5,605 (+1.9%) from 2013

Net Income

Down

-$51,466

Down $93,895 (-221%) from 2013

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20K-$40KAssets 2011: $17,367Liabilities 2011: $33,221Net Assets 2011: -$15,8542011Assets 2012: $6,955Liabilities 2012: $9Net Assets 2012: $6,9462012Assets 2013: $51,683Liabilities 2013: $2,308Net Assets 2013: $49,3752013Assets 2014: $41,962Liabilities 2014: $44,053Net Assets 2014: -$2,0912014Assets 2015: $1,871Liabilities 2015: $10,676Net Assets 2015: -$8,8052015Assets 2016: $3,513Liabilities 2016: $11,467Net Assets 2016: -$7,9542016Assets 2017: $1,739Liabilities 2017: $10,675Net Assets 2017: -$8,9362017Assets 2018: $2,989Liabilities 2018: $10,675Net Assets 2018: -$7,6862018Assets 2019: $956Liabilities 2019: $9,5412019Assets 2020: $11,926Liabilities 2020: $27,500Net Assets 2020: -$15,5742020Assets 2021: $3,145Liabilities 2021: $27,500Net Assets 2021: -$24,3552021Assets 2022: $1,128Liabilities 2022: $27,500Net Assets 2022: -$26,3722022Assets 2023: $367Liabilities 2023: $27,5002023

Highlighted filing

2014

Assets$41,962
Liabilities$44,053
Net Assets-$2,091

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $89,8032011Expenses 2012: $155,5422012Revenue 2013: $333,355Expenses 2013: $290,926Net Income 2013: $42,4292013Revenue 2014: $245,065Expenses 2014: $296,531Net Income 2014: -$51,4662014Revenue 2015: $89,254Expenses 2015: $95,968Net Income 2015: -$6,7142015Revenue 2016: $61,931Expenses 2016: $61,080Net Income 2016: $8512016Revenue 2017: $45,459Expenses 2017: $46,441Net Income 2017: -$9822017Revenue 2018: $54,574Expenses 2018: $53,324Net Income 2018: $1,2502018Revenue 2019: $30,347Expenses 2019: $31,246Net Income 2019: -$8992019Revenue 2020: $10,085Expenses 2020: $17,073Net Income 2020: -$6,9882020Revenue 2021: $18,730Expenses 2021: $27,511Net Income 2021: -$8,7812021Revenue 2022: $28,197Expenses 2022: $30,214Net Income 2022: -$2,0172022Revenue 2023: $11,945Expenses 2023: $12,706Net Income 2023: -$7612023

Highlighted filing

2014

Revenue$245,065
Expenses$296,531
Net Income-$51,466
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 27, 2015
Return Version
2014v5.0
Gross Receipts
$245,065
Mission and Program Overview

Mission

The mission of Its Time For Kids is to reward at-risk youth for positive behavior with recreational, educational, and cultural programs, and to encourage them to repeat these pro-social activities on their own, with the broader goal of their making better choices in life.

The organization is dedicated to encouraging positive behavior from at-risk youth by rewarding for positive behavior with recreational, cultural, educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors-$42,300-
Receivables From Officers Etc$27,905$27,709▼ $196
Cash and Non-Interest-Bearing Accounts$23,778$13,342▼ $10,436
Savings and Temporary Cash Investments-$911-
Total Assets$51,683$41,962▼ $9,721
Liabilities
Accounts Payable and Accrued Expenses$2,308$1,753▼ $555
Total Liabilities$2,308$44,053▲ $41,745
Net Assets / Fund Balance
Unrestricted Net Assets$49,375$-2,091▼ $51,466
Total Net Assets Fund Balance$49,375$-2,091▼ $51,466
Total Liabilities and Net Assets / Fund Balance$51,683$41,962▼ $9,721

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,293$1,293
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kendall WolfExec Director/FounderFT$84,600$9,790$94,390

Board Members and Trustees

NameTitle
Brian AllanBoard Member
Ira ReinerBoard Member
Jackie JacksonBoard Member
Raymond RileyBoard Member
Sydney TuckerSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$172,565
Program Service Revenue
$72,500
Investment Income
$0
Other Revenue
$0
All Other Contributions
$172,565
Change in Net Assets
$-51,466

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3,535$105,000Fair Market Value (FMV)
Other Non Cash Contri Table858$25,400Fair Market Value (FMV)
Total Noncash Contributions4,393$130,400-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,130
Salaries, Compensation, and Employee Benefits$101,401
Total Fundraising Expense$792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$76,140$8,460-$84,600
Insurance$5,422$1,780-$7,202
Other Employee Benefits$6,468$718-$7,186
Travel$7,093--$7,093
Payroll Taxes$5,945$1,066-$7,011
Office Expenses$91$5,075$4$5,170
Interest$3,815$292-$4,107
Information Technology$1,603$534$535$2,672
Pension Plan Contributions$2,344$260-$2,604
Occupancy$378$1,954$189$2,521
Fees for Services Accounting-$780-$780
Other Expenses$130,400$95$64$95
Total Functional Expenses$274,725$21,014$792$296,531
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$42,300-
Receivables from Officers, Directors, Trustees, and Key Employees$27,905$27,709▼ $196
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
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
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 11B

The draft Form 990 is distributed to board members prior to a regularly scheduled board meeting for the members review. At the next scheduled board meeting, the Form 990 is discussed, reviewed, and either approved by the board, or remanded back to the accountant for necessary changes.

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

Process for determining executive director compensation Comparable salaries for comparable positions are researched for similar jobs in the Los Angeles area. These salaries are readily available from help wanted ads, both newspaper and web-based.

Form 990, Part VI, Section C, Line 19

The organization makes its government documents and Form 990 available to the public upon written request. The organizations Form 990 is also available on the world wide web through GuideStar, a watchdog organization dedicated to creating transparency for U.S. based charitable organizations. The GuideStar website address is www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
It's Time For Kids
EIN
91-2038782
Phone
8187760565
Address
17328 Ventura Boulevard Room 164, Encino, CA 91316-3904

Signing Officer

Name
Kendall Wolf
Title
Executive Director
Phone
8187760565
Signed
2015-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kendall Wolf
Formed
1997
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Wayne Wright Ea
Address
27200 TOURNEY RD STE 250, SANTA CLARITA, CA 91355
Preparer
Wayne Wright
Phone
6612951950
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0333353
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0178340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0126502
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0151120
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01034380
IRS990ScheduleA/TotalSupportAmt01034389
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01293
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01293
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt042500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt127709
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operating
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Living Exp
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt042500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt127905
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Kendall Wolf
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Kendall Wolf
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Exec Dir
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Exec Dir
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt070209
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0858
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt13535
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Ticket, Meals
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Shoes, Clothing, Equip
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt025400
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt1105000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The draft Form 990 is distributed to board members prior to a regularly scheduled board meeting for the members review. At the next scheduled board meeting, the Form 990 is discussed, reviewed, and either approved by the board, or remanded back to the accountant for necessary changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Process for determining executive director compensation Comparable salaries for comparable positions are researched for similar jobs in the Los Angeles area. These salaries are readily available from help wanted ads, both newspaper and web-based.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its government documents and Form 990 available to the public upon written request. The organizations Form 990 is also available on the world wide web through GuideStar, a watchdog organization dedicated to creating transparency for U.S. based charitable organizations. The GuideStar website address is www.guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt051683
IRS990/TotalAssetsEOYAmt041962
IRS990/TotalAssetsGrp/BOYAmt051683
IRS990/TotalAssetsGrp/EOYAmt041962
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0172565
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0792
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021014
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0274725
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296531
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02308
IRS990/TotalLiabilitiesEOYAmt044053
IRS990/TotalLiabilitiesGrp/BOYAmt02308
IRS990/TotalLiabilitiesGrp/EOYAmt044053
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt049375
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2091
IRS990/TotalOtherCompensationAmt09790
IRS990/TotalProgramServiceExpensesAmt0274725
IRS990/TotalProgramServiceRevenueAmt072500
IRS990/TotalReportableCompFromOrgAmt084600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt072500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0245065
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt051683
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041962
IRS990/TravelGrp/ProgramServicesAmt07093
IRS990/TravelGrp/TotalAmt07093
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt049375
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2091
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt017328 Ventura Blvd Ste 164
IRS990/USAddress/CityNm0Encino
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0913163904
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0itstime4kids.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kendall Wolf
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08187760565
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0It's Time For Kids
ReturnHeader/Filer/BusinessNameControlTxt0ITST
ReturnHeader/Filer/EIN0912038782
ReturnHeader/Filer/PhoneNum08187760565
ReturnHeader/Filer/USAddress/AddressLine1Txt017328 Ventura Boulevard Room 164
ReturnHeader/Filer/USAddress/CityNm0Encino
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0913163904
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WAYNE WRIGHT EA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027200 TOURNEY RD STE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANTA CLARITA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091355
ReturnHeader/PreparerPersonGrp/PhoneNum06612951950
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WAYNE WRIGHT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.00$0.28$0.12$0.13$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.28$0.26$0.28$0.30$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.28$0.24$0.19$0.28$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.28$0.16$0.10$0.17$0.07
2019Summary only. Only limited summary data is available for this year.$0.01$0.10$0.30$0.31$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.11$0.08$0.55$0.53$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.11$0.09$0.45$0.46$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.11$0.08$0.62$0.61$0.01
2015Summary only. Only limited summary data is available for this year.$0.02$0.11$0.09$0.89$0.96$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.42$0.44$0.02$2.45$2.97$0.51
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.02$0.49$3.33$2.91$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$1.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.33$0.16$0.90