2025-10-09T12:53:33-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 821078462 KIDS IN NEED FOUNDATION KIDS 6124650135 200 S OWASSO BLVD E LITTLE CANADA MN 55117 COREY GORDON CHIEF EXECUTIVE OFFICER 6124650135 2025-10-08 1 1 LIZ COOK P01878112 6123764500 2025-10-08 2024 2025-03-06 01:10:19Z X COREY GORDON 200 S OWASSO BLVD E LITTLE CANADA MN 55117 55052659 0 X WWW.KINF.ORG X 2017 MN TO CREATE EQUITABLE LEARNING SPACES FOR ALL STUDENTS. KIDS IN NEED FOUNDATION'S PROGRAMS PROVIDE SUPPLIES DIRECTLY TO UNDER-RESOURCED SCHOOLS, REACHING STUDENTS THROUGH THEIR SCHOOLS AND TEACHERS. WHEN SUPPLIES ARE LACKING, THE QUALITY OF EDUCATION IS IN JEOPARDY, AND THAT AFFECTS FUTURE OPPORTUNITIES FOR CHILDREN. 15 14 55 1556 0 0 46488358 54969744 6000 0 34792 82915 -95762 -26061 46433388 55026598 0 0 0 0 3356029 3524731 0 0 1089523 72034603 50995418 75390632 54520149 -28957244 506449 19484598 20420547 533005 871664 18951593 19548883 X WE BELIEVE EVERY CHILD IN AMERICA SHOULD HAVE EQUAL OPPORTUNITY AND RESOURCES TO ENGAGE IN A QUALITY EDUCATION. BY PARTNERING WITH TEACHERS AND STUDENTS IN UNDER-RESOURCED SCHOOLS, WE PROVIDE THE SUPPORT NEEDED TO CREATE EQUITABLE LEARNING SPACES FOR ALL STUDENTS. 0 0 45734506 48804231 NATIONAL NETWORK OF RESOURCE CENTERS (INCLUDING TWIN CITIES RESOURCE CENTER) THE FOUNDATION PARTNERS WITH OVER 40 RESOURCE CENTERS ACROSS THE COUNTRY TO HELP DISTRIBUTE MUCH-NEEDED SCHOOL SUPPLIES TO STUDENTS WHO WOULD OTHERWISE GO WITHOUT. THESE ORGANIZATIONS FOCUS ON SCHOOLS WITH HIGH PERCENTAGES OF STUDENTS ENROLLED IN THE FEDERAL FREE AND REDUCED LUNCH PROGRAM. THE RESOURCE CENTERS ARE INDEPENDENTLY OPERATED BY NONPROFIT ORGANIZATIONS THAT MEET THE FOUNDATION'S REQUIREMENTS. 2354467 2508571 SUPPLY A TEACHER FOCUSES ON CORE MISSION OF PROVIDING ESSENTIAL SCHOOL SUPPLIES TO THE CLASSROOMS OF CHILDREN MOST IN NEED. SUCCESSFUL APPLICANTS RECEIVE TWO LARGE BOXES CONTAINING A PREDETERMINED ASSORTMENT OF CORE ITEMS WITH A RETAIL VALUE OF APPROXIMATELY $500. 3188181 3396852 SUPPLY A STUDENT THE FOUNDATION SEEKS SPONSORS TO PROVIDE SCHOOL SUPPLIES TO CHILDREN IN NEED. UNDER THIS PROGRAM, THE FOUNDATION PROVIDES BACKPACKS CONTAINING SCHOOL SUPPLIES FOR CHILDREN IN NEEDS. THESE SCHOOL SUPPLIES ARE SHIPPED TO VARIOUS SCHOOLS AND APPROVED CHARITIES. 297474 316944 SECOND RESPONDER THE FOUNDATION PROVIDES FREE SCHOOL SUPPLIES TO STUDENTS WHO HAVE BEEN AFFECTED BY A NATURAL DISASTER, SUCH AS A TORNADO, HURRICANE, WILDFIRE, OR FLOOD, TO FACILITATE THEIR RECOVERY FROM THE TRAUMA OF THEIR EXPERIENCES AND HELP THEM RESUME THEIR NORMAL ROUTINES. 297474 316944 51574628 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 55 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL IL KS MD MA MN NH NJ NY NC OR TN UT AR CA FL GA HI KY MI MS ND PA RI SC VA WV WI WA CO DC IN NM NV OK OH AK CT X X FOLA TIAMIYU 6512954370 200 S OWASSO BLVD E LITTLE CANADA MN 55117 TERRY REED VICE CHAIR 1.00 X X 0 0 0 BILL BRIGGS IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 JOHN CASTILLO BOARD MEMBER 1.00 X 0 0 0 BRAD DEMSKY BOARD MEMBER 1.00 X 0 0 0 PETER FAHRENKOPF BOARD MEMBER 1.00 X 0 0 0 HEATHER GREEN BOARD MEMBER 1.00 X 0 0 0 JAY ISAMAN BOARD MEMBER 1.00 X 0 0 0 PAUL KURTZ BOARD MEMBER 1.00 X 0 0 0 SARAH KYDD BOARD MEMBER 1.00 X 0 0 0 MIKAELA WARDLAW LEMMON BOARD MEMBER 1.00 X 0 0 0 VICTOR PHAM BOARD MEMBER 1.00 X 0 0 0 ROB ROGERS BOARD MEMBER 1.00 X 0 0 0 JANE THOMPSON BOARD MEMBER 1.00 X 0 0 0 GREGORY WORKS BOARD MEMBER 1.00 X 0 0 0 COREY GORDON CEO 40.00 X 252907 0 45248 WADE JONES VP FINANCE & OPERATIONS 40.00 X 148864 0 19286 PAUL WILSON VP OF DEVELOPMENT 40.00 X 152387 0 37234 TARA STERN VP, BRAND AWARENESS & ENGAGEMENT 40.00 X 130059 0 19619 GINA PALMER DIR., DEVELOPMENT & CORP PARTNERSHIPS 40.00 X 101828 0 15975 786045 0 137362 5 0 1 0 0 64750 54904994 47680412 54969744 82915 82915 0 64750 26061 -26061 -26061 55026598 0 0 56854 466306 117602 206900 141804 2225942 887991 827845 510106 77563 31699 28476 17388 546066 211115 206377 128574 208854 78632 79967 50255 9129 9129 29894 29894 92000 92000 211540 24830 159620 27090 6329 6329 46990 22308 15262 9420 168427 80658 53709 34060 276889 127816 91478 57595 76127 4507 4076 67544 18006 18006 7868 3768 2509 1591 GOOD DISTRIBUTED 48322604 48322604 PRODUCT PURCHASES 1207023 1207023 EQUIPMENT PURCHASES 410458 406605 2358 1495 MISCELLANEOUS EXPENSES 112134 47470 28392 36272 54520149 51574628 1855998 1089523 2093585 3559172 26411 25418 10726925 9091326 5389750 6465125 72934 89532 336299 287379 66926 48920 996076 1108939 111991 32115 19484598 20420547 270729 693136 144459 140310 117817 38218 533005 871664 X 18085367 18343678 866226 1205205 18951593 19548883 19484598 20420547 506449 90841 0 X X 0 1 X 1 0 X 51581382 145091162 149199398 46330704 54969744 447172390 51581382 145091162 149199398 46330704 54969744 447172390 257963979 189208411 59338 25730 35912 59575 82915 263470 15000 85861 176383 61892 -26061 313075 447748935 86200 0.42260 0.45310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2020 AMOUNT: $ 15,000. 2021 AMOUNT: $ 85,861. 2022 AMOUNT: $ 176,383. 2023 AMOUNT: $ 61,892. 2024 AMOUNT: $ -26,061. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92000 92000 0 0 0 0 0 0 0 1 92000 0 0 92000 0 PART I-A, LINE 1: AWARENESS AND UNDERSTANDING OF KIDS IN NEED FOUNDATION'S MISSION FOR POSSIBLE INCLUSION OF FUNDING THE ORGANIZATION THROUGH STATE BUDGET LINE APPROPRIATIONS, STATE BONDING BILLS, AND OTHER POTENTIAL FUNDING STREAMS DIRECTED BY THE GOVERNOR AND THE LEGISLATURE. PART II-B, LINE 1: AWARENESS AND UNDERSTANDING OF KIDS IN NEED FOUNDATION'S MISSION FOR POSSIBLE INCLUSION OF FUNDING THE ORGANIZATION THROUGH STATE BUDGET LINE APPROPRIATIONS, STATE BONDING BILLS, AND OTHER POTENTIAL FUNDING STREAMS DIRECTED BY THE GOVERNOR AND THE LEGISLATURE. 195408 22364 217772 171952 23456 195408 202013 -30061 171952 182516 3635 24981 -9119 202013 173149 3923 5444 182516 1.00000 0 0 46654 15166 31488 289645 272213 17432 48920 OPERATING LEASE LIABILITIES 38218 38218 X 55181959 90841 64520 155361 55026598 0 55026598 54584669 64520 64520 54520149 0 54520149 PART X, LINE 2: THE FOUNDATION IS OPERATED AS A NONPROFIT ORGANIZATION AND IS TAX EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAX IS PRESENTED IN THESE FINANCIAL STATEMENTS. ACCOUNTING STANDARDS REQUIRE THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS, TO DETERMINE WHETHER THE TAX POSITION MAY BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS "MORE-LIKELY-THAN-NOT" THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. BASED ON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE THE FOUNDATION HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITION THAT WOULD PLACE THE FOUNDATION'S EXEMPT STATUS IN JEOPARDY AS OF DECEMBER 31, 2024. THANKS A MILLION 64750 64750 26061 64750 64750 26061 26061 -26061 X X 0 0 0 1 0 1 0 0 0 COREY GORDON CEO 239122 0 10986 0 2799 0 12645 0 32603 0 298155 0 0 0 PAUL WILSON VP OF DEVELOPMENT 127212 0 22901 0 2274 0 5380 0 31854 0 189621 0 0 0 WADE JONES VP FINANCE & OPERATIONS 148864 0 0 0 0 0 7443 0 11843 0 168150 0 0 0 PART I, LINE 3 SEE THE EXPLANATION FOR THE CEO APPROVAL PROCESS PART I, LINE 5 OUR VP OF DEVELOPMENT HAS AN INCENTIVE PLAN TARGET AS DOES THE ENTIRE DEVELOPMENT TEAM THAT IS BASED ON THEIR ACCOUNT GROWTH. PART I, LINE 6 THE ORGANIZATION HAS A BONUS POOL PLAN FOR ALL NON-DEVELOPMENT TEAM MEMBERS THAT IS BASED ON SURPASSING BUDGET. X SCHOOL SUPPLIES 122 44887778 FAIR MARKET VALUE X WEARABLES 4 1109729 FAIR MARKET VALUE X OTHER 3 963397 FAIR MARKET VALUE X HEALTH AND PERSONAL CARE PRODUCTS 6 721149 FAIR MARKET VALUE X GIFT CARDS AND PROFESSIONAL SERVICES 71 47923 FAIR MARKET VALUE X OTHER - INCENTIVE 4 14956 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, IMMEDIATE PAST CHAIR, VICE CHAIR, SECRETARY, TREASURER, AND SUCH OTHER MEMBERS AS MAY BE APPOINTED BY THE BOARD OF DIRECTORS. THE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE FOUNDATION DURING THE INTERVALS BETWEEN MEETINGS. DELEGATION OF AUTHORITY TO ACT ON BEHALF TO AN EXECUTIVE COMMITEE OR SIMILAR COMMITTEE: COMMITTEES , AS A SMALLER GROUP, CAN BE MORE FOCUSED AND EFFICIENT IN DEALING WITH ISSUES THAN THE FULL BOARD. A COMMITTEE IS CREATED TO PROVIDE COUNSELING AND ADVICE FOR THE BOARD OR TO HANDLE A TASK ON THE BOARD'S AGENDA. FOR KIDS IN NEED FOUNDATION (KINF), EFFECTIVE COMMITTEES HAVE: - A CLEAR JOB DESCRIPTION AND DEFINED GOALS - A CHAIR WHO IS ABLE TO INVOLVE ALL MEMBERS IN THE COMMITTEE WORK - MEMBERS WHO ARE COMMITTED AND WILLING TO SPEND THE NEEDED TIME TO ACCOMPLISH THEIR TASKS - A SENSE OF BEING PART OF THE FULL BOARD AND NOT WORKING IN ISOLATION - AN UNDERSTANDING OF TIME CONSTRAINTS AND DEADLINES - AN UNDERSTANDING THAT IT DOES NOT MAKE DECISIONS; RATHER IT ADVISES, RECOMMENDS, OR CARRIES OUT A TASK - AN EVALUATION PROCESS TO ASSESS ITS OWN ACHIEVEMENTS THE KINF COMMITTEES ARE AS FOLLOWS AND INCLUDE THE FOLLOWING RESPONSIBILITIES: EXECUTIVE COMMITTEE - EXERCISES THE AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION - ENSURES A FRAMEWORK AND PROCESS FOR STRATEGIC PLANNING THAT REFLECTS A SHARED BOARD AND STAFF VISION OF THE ORGANIZATION'S ROLE, VALUES AND PRIORITIES; MONITORS THE ORGANIZATION'S PROGRESS AGAINST THE STRATEGIC PLAN - ESTABLISHES THE COMPENSATION [SALARY AND BENEFITS] OF THE CEO, CONSISTENT WITH APPLICABLE IRS AND OTHER REGULATIONS - SETS THE AGENDA FOR BOARD MEETINGS GOVERNANCE & NOMINATING COMMITTEE - ENSURES THE HEALTH AND FUNCTIONING OF THE BOARD - NOMINATES INDIVIDUALS TO SERVE AS DIRECTORS - ENSURES THE INTEGRITY OF THE NOMINATING PROCESS AND SUCCESSION PLANNING - CONDUCTS NEW DIRECTOR ORIENTATION - RECOMMENDS GOVERNANCE PRINCIPLES AND POLICIES - PRODUCES BOARD MATERIALS - EVALUATES THE PERFORMANCE OF THE BOARD AND INDIVIDUAL DIRECTORS FINANCE & INVESTMENT COMMITTEE - REVIEWS THE ACCURACY OF THE FINANCIAL STATEMENTS AND REPORTS - OVERSEES FINANCIAL POLICIES, CAPITAL STRUCTURE, AND ANNUAL OPERATING AND CAPITAL BUDGET - OVERSEES INVESTMENTS, CREDIT AND OTHER MARKET RISKS AUDIT COMMITTEE EVALUATES: - THE INTEGRITY OF THE FINANCIAL STATEMENTS - THE EFFECTIVENESS OF THE INTERNAL CONTROLS OVER FINANCIAL REPORTING - THE INDEPENDENCE AND QUALIFICATIONS OF THE ACCOUNTING FIRM AND THE QUALITY OF THE WORK - THE FOUNDATION'S COMPLIANCE WITH REGULATORY REQUIREMENTS FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY TWO COMMITTEES (FINANCE INVESTMENT COMMITTEE, AUDIT COMMITTEE) WHO WILL APPROVE THE 990 AS A PART OF THEIR MEETINGS. THESE REVIEWS WILL TAKE PLACE AS SOON AS THE 990 IS COMPLETED EITHER VIA A PART OF A SCHEDULED MEETING OR VIA REVIEW SENT BY EMAIL. THE REVIEW WILL BE IN CONJUNCTION WITH THE REVIEW OF THE ANNUAL AUDITED FINANCIAL STATEMENTS. THESE COMMITTEES REPRESENT HALF OF THE FULL BOARD. THE NEXT FULL BOARD MEETING MATERIALS WILL INCLUDE THE 990 TO BE FILED; HOWEVER, IF THE TWO COMMITTEES HAVE REVIEWED AND FULL BOARD MEETING IS NOT TIMELY, THE ORGANIZATION MAY FILE THE 990 WITH THE IRS AHEAD OF INCLUSION TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B FULL 990 AND ALL SUPPORTING SCHEDULES ARE SHARED AND VOTED UPON BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE BOARD OF DIRECTORS WHO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. THE BOARD OF DIRECTORS REVIEW AND IDENTIFIES WHEN CONFLICTS EXIST. BEFORE ANY VOTES ARE TAKEN DURING A BOARD MEETING, MEMBERS WHO HAVE A CONFLICT MUST ABSTAIN FROM VOTING. THE DISCUSSION AND PROCEEDINGS RELATED TO POTENTIAL/ACTUAL CONFLICTS OF INTEREST ARE DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO WAS INITIALLY DETERMINED WITH THE SUPPORT OF THE SEARCH FIRM RESPONSIBLE FOR FILLING THE POSITION AND AN OUTSIDE COMPENSATION CONSULTANT HIRED IN 2019. PROSPECTIVELY, THE CEO'S ANNUAL REVIEW IS CONDUCTED BY THE BOARD'S EXECUTIVE COMMITTEE (EC) WITH INPUT FROM STAFF ON OVERALL ORGANIZATIONAL PERFORMANCE, METRICS, ETC. THE EC WILL ESTABLISH A SALARY UPLIFT FOR THE CEO AND COMMUNICATE ANY ADJUSTMENTS TO THE VP OF FINANCE AND OPERATIONS. ADDITIONALLY, THE EC WILL DETERMINE WHEN AND HOW A COMPENSATION EXTERNAL ASSESSMENT IS NECESSARY. NO OTHER PROCESSES INVOLVING KEY EMPLOYEES INVOLVE THE EC AND/OR THE BOARD. THE LATEST REVIEW BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION OF THE COMPENSATION PROCESS TOOK PLACE IN 2024. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS ALL DOCUMENTS AVAILABLE IN THE MAIN OFFICE. AN INDIVIDUAL CAN VIEW THE DOCUMENTS UPON REQUEST. THE ORGANIZATION PUBLISHES AN ANNUAL REPORT, WHICH IS AVAILABLE ON THEIR WEBSITE. THE ORGANIZATION MAINTAINS A COPY OF FORM 1023 AND FORM 990 FILED WITH THE IRS AT THEIR MAIN OFFICE FOR REVIEW. THE RETURNS ARE ALSO POSTED ON GUIDESTAR.ORG FOR THE GENERAL PUBLIC TO REVIEW, AS WELL AS ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.