2022-07-15T14:57:49-05:00 2021-08-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-09-01 521755403 HORTON'S KIDS INC HORT 2025445033 400 VIRGINIA AVENUE SW NO C-130 WASHINGTON DC 20024 ERICA AHDOOT EXECUTIVE DIRECTOR 2025445033 2022-07-15 1 ERICA AHDOOT 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z ERICA AHDOOT 400 VIRGINIA AVENUE SW NO C-130 WASHINGTON DC 20024 3634845 0 X WWW.HORTONSKIDS.ORG X 1989 DC SEE PART III, LINE 1. 23 23 54 140 0 0 2982713 3402484 0 0 7416 52452 200000 -52192 3190129 3402744 302603 164941 0 0 1747150 2048862 0 0 422324 693034 1030449 2742787 3244252 447342 158492 2487038 2851162 360760 447015 2126278 2404147 X HORTON'S KIDS' MISSION IS TO EMPOWER CHILDREN GROWING UP IN WASHINGTON DC'S MOST UNDER-RESOURCED COMMUNITIES SO THAT THEY GRADUATE FROM HIGH SCHOOL READY FOR SUCCESS IN COLLEGE, CAREER, AND LIFE. 0 0 745771 32333 ACADEMIC SUPPORTS SERVE CHILDREN OF ALL AGES SO THEY GRADUATE FROM HIGH SCHOOL PREPARED FOR POST-SECONDARY SUCCESS. MOST CHILDREN COME TO HORTON'S KIDS SIGNIFICANTLY BEHIND, ESPECIALLY IN LITERACY. IN COMMUNITES LIKE THE ONES WE SERVE, THIS GAP HAS WIDENED AS THE COVID-19 PANDEMIC HAS CONTRIBUTED TO AN AVERAGE OF FIVE MONTHS OF UNFINISHED LEARNING IN LITERACY AND MATH. WE ADDRESS THE EQUITY GAP THROUGH RESEARCH-BACKED HIGH-INTENSITY TUTORING, HOMEWORK HELP, AND LITERACY INTERVENTIONS. YOUTH PROGRAMMING FOR HIGH SCHOOL STUDENTS INCLDES CAREER EXPLORATION AND SAT AND ACT PREPARATION TO PREPARE THEM FOR POST SECONDARY OPTIONS. WE ALSO WORK CLOSELY WITH CAREGIVERS TO BUILD STRONG RELATIONSHIPS BETWEEN THEM AND THEIR CHILDREN'S SCHOOL. IN PARTICULAR, WE HELP CONNECT FAMILIES WITH (CONTINUED ON SCHEDULE O)HIGH-PERFORMING SCHOOLS AND SUPPORT CHILDREN WITH SPECIAL NEEDS. ALL OF THESE SUPPORTS RESULT IN TREMENDOUS OUTCOMES FOR CHILDREN: IN FACT, CHILDREN IN HORTON'S KIDS ARE TWICE AS LIKELY TO GRADUATE FROM HIGH SCHOOL. 1015366 112241 HEALTH AND WELLNESS SUPPORTS PROMOTE FAMILIAL STABILITY, WHICH IS CRITICAL TO ENSURING THAT CHILDREN ARE HEALTHY AND PREPARED TO LEARN. HORTON'S KIDS SERVES COMMUNITIES WITH THE HIGHEST RATES OF POVERTY AND VIOLENT CRIME IN DC. THESE FACTORS CONTRIBUTE TO ENDEMIC STRESS AND TRAUMA FOR CHILDREN AND CAREGIVERS. TO COUNTERACT THESE FORCES, WE OFFER ESSENTIAL ITEMS LIKE MEALS, DIAPERS, AND SCHOOL SUPPLIES AND CONNECT FAMILIES TO OUR PARTNERS FOR HEALTH SCREENINGS AND MENTAL HEALTH SUPPORT. WE ALSO HOST A FOOD AND SUPPLY PANTRY THAT CONTAINS ITEMS NOT COVERED BY SNAP BENEFITS LIKE TOILETRIES AND CLEANING SUPPLIES. 426914 20367 YOUTH DEVELOPMENT ACTIVITIES HELP CHILDREN CULTIVATE SOCIAL-EMOTIONAL SKILLS, HABITS, AND BEHAVIORS THAT ARE CRITICAL TO LIFELONG SUCCESS. THIS INCLUDES EVERYTHING FROM LEARNING TO MANAGE THEIR EMOTIONS TO LIFE SKILLS LIKE WRITING A RESUME. ADDITIONALLY, KEY CHARACTER STRENGTHS: SUCH AS PERSEVERANCE, OPTIMISM, AND SELF-CONTROL ARE CLOSELY TIED TO LIFELONG SUCCESS. WE USE EVIDENCE-BASED CURRICULA TARGETED TO HELP STUDENTS DEVELOP THEIR SOCIAL-EMOTIONAL SKILLS. WE ALSO OFFER A RANGE OF ACTIVITIES THAT FOSTER THESE SKILLS AND HABITS, INCLUDING FIELD TRIPS, TEAM AND INDIVIDUAL SPORTS, MENTORING, LIFE SKILLS LESSONS, DISCUSSION FORUMS, AND ENRICHMENT ACTIVITIES. 210229 COMMUNICATIONS AND MARKETING 238248 SUMMER PROGRAMS 448477 2636528 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 54 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD VA X X ERICA AHDOOT 2025445033 400 VIRGINIA AVENUE SW SUITE C-130 WASHINGTON DC 20024 ELLEN PALMER CHAIR 1.00 X X 0 0 0 JOHN PAPPAS VICE CHAIR 1.00 X X 0 0 0 MICHAEL VU TREASURER 1.00 X X 0 0 0 LIZ DOUGHERTY SECRETARY 1.00 X X 0 0 0 NORMAN BAILEY MEMBER 1.00 X 0 0 0 DAVID CATANIA MEMBER 1.00 X 0 0 0 DOLORES COLE MEMBER 1.00 X 0 0 0 MISSY EDWARDS MEMBER 1.00 X 0 0 0 FERNANDA FISHER MEMBER (FROM 1/1/21) 1.00 X 0 0 0 MONIQUE FRAZIER MEMBER 1.00 X 0 0 0 MATT GELMAN MEMBER 1.00 X 0 0 0 TYREC GROOMS MEMBER 1.00 X 0 0 0 DON IRWIN MEMBER (FROM 1/1/21) 1.00 X 0 0 0 RICK LANE MEMBER 1.00 X 0 0 0 MARY ELLEN MATHESON MEMBER 1.00 X 0 0 0 ISSAC MCLAUGHLIN MEMBER (FROM 1/1/21) 1.00 X 0 0 0 ERIK OLSEN MEMBER 1.00 X 0 0 0 ALLISON REMSEN MEMBER 1.00 X 0 0 0 JINA SIMMONS MEMBER (FROM 1/1/21) 1.00 X 0 0 0 LATOYA STARKS MEMBER 1.00 X 0 0 0 NICOLE TAYLOR MEMBER 1.00 X 0 0 0 TIM TRYSLA MEMBER 1.00 X 0 0 0 DAN WALSH MEMBER 1.00 X 0 0 0 ERICA AHDOOT EXECUTIVE DIRECTOR (FROM 4/1/20) 40.00 X 120417 0 6497 RANDY MARSH CHIEF ACADEMIC & FINANCIAL OFFICER 40.00 X 122083 0 8686 JULIE LONARDO CHIEF PROGRAM OFFICER 40.00 X 89667 0 13998 LEIGH CRENSHAW CHIEF DEV. OFFICER (FROM 2/16/21) 40.00 X 0 0 0 WILLIAM FETTWEISUNTIL 11521 INTERIM EXEC. DIR. & CHIEF DEV. OFF. 40.00 X 132292 0 8992 SHANDELL RICHARDS SR. DIR. STRAT. INITIATIVE & PART. 40.00 X 105667 0 7507 570126 0 45680 4 0 0 0 0 21181 205625 620863 2554815 112745 3402484 28666 28666 173124 149338 23786 23786 23786 23375 205625 82763 -59388 -59388 OTHER INCOME 900099 7196 7196 7196 3402744 0 0 260 164941 164941 435841 381970 25672 28199 1322727 1136749 3962 182016 17918 15562 19 2337 127377 109110 1043 17224 144999 123582 2477 18940 46108 37697 5831 2580 9608 9608 91811 52326 32712 6773 82517 40090 10561 31866 33430 26064 485 6881 192771 161506 4161 27104 70619 43250 1 27368 3800 3800 61678 55672 740 5266 32079 27498 517 4064 PROG SUPP &ACTIVITY FEE 132397 132397 PAYROLL SERVICE FEES 62223 50872 7869 3482 STAFF DEVELOPMENT 52434 46453 552 5429 VOLUNTEER & DEVELOPMENT 50719 3590 47129 108255 27199 75390 5666 3244252 2636528 185400 422324 X 991591 289524 504945 112420 330211 73962 110527 971236 385087 512510 586149 796555 1029806 2487038 2851162 62262 90726 247545 323115 50953 33174 360760 447015 X 1502873 1939774 623405 464373 2126278 2404147 2487038 2851162 158492 119377 0 X 0 1 X 1 0 X 2172954 2349818 2732011 2982713 3402484 13639980 180000 180000 180000 540000 2352954 2529818 2912011 2982713 3402484 14179980 34386 14145594 23906 25747 34063 31132 28666 143514 200000 7196 207196 14530690 0.97350 0.98260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52575 1800 9578 1017 62936 0 52036 2039 1500 52575 0.00000 1.00000 0.00000 0 0 338766 338766 100000 100000 345726 289769 55957 186744 95318 91426 586149 DEFERRED RENT 33174 33174 X 4249160 119377 653884 82763 856024 3393136 9608 9608 3402744 3971291 653884 82763 736647 3234644 9608 9608 3244252 PART V, LINE 4: THE ENDOWMENT FUND PROVIDES FINANCIAL AID FOR THE POST-SECONDARY EDUCATIONAL AND PERSONAL NEEDS OF HORTON'S KIDS ALUMNI. PART X, LINE 2: FOR THE YEAR ENDED AUGUST 31, 2021, THE ORGANIZATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED AS EXPENSE ON THE 82,763. FINANCIAL STATEMENTS AND NETTED AGAINST EVENT REVENUE ON FORM 990, PART VIII, LINE 8B. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED AS EXPENSE ON THE 82,763. FINANCIAL STATEMENTS AND NETTED AGAINST EVENT REVENUE ON FORM 990, PART VIII, LINE 8B. HOME RUNS FOR HORTON'S KIDS 229000 205625 23375 21362 18741 1767 40893 229000 205625 23375 21362 18741 1767 40893 82763 -59388 1 ALUMNI ACADEMIC SUPPORT 18 12197 0 HIGH SCHOOL ACADEMIC SUPPORT 15 10973 CLOTHING 210 1057 13786 FMV WINER COATS, HATS, SCHOOL UNIFORMS FOOD AND SUPPLIES 894 23526 26750 FMV THANKSGIVING FOOD, MEALS, SNACKS, WEEKEND BAGS, FOOD PANTRY, TOILETRIES, DIAPERS OTHER SPECIFIC ASSISTANCE 375 40587 26902 FMV RENT, FEES, HEALTHCARE, PASSPORTS AND BIRTH CERTIFICATES, UTILITIES, FUNERAL COSTS, XMAS GIFTS TECHNOLOGY 39 2734 2510 FMV COMPUTER-RELATED EQUIPMENT SCHOLARSHIP 3 3919 0 PART I, LINE 2: HORTON'S KIDS PROVIDES SUPPORT, IN THE FORM OF FINANCIAL ASSISTANCE AND BASIC NEED DONATIONS, TO THREE MAIN GROUPS: CURRENT PARTICIPANTS, ALUMNI PARTICIPANTS (DEFINED AS YOUNG ADULTS AGES 18-24 WHO WERE PREVIOUSLY ENROLLED IN OUR PROGRAMS) AND PARENTS OF CURRENT PARTICIPANTS. EVERY PARTICIPANT IN OUR PROGRAM (I.E. DEFINED AS CHILDREN IN GRADES K-12, WHO HAVE COMPLETED ENROLLMENT PAPERWORK) IS ELIGIBLE TO RECEIVE ANY OF THE NECCESITIES THAT WE PROVIDE (BACKPACKS, SCHOOL SUPPLIES, TOILETRIES, FOOD ASSISTANCE, DIAPERS). WE TRACK THE DISTRIBUTION OF THESE ITEMS, RECORDING THE NAME OF EACH RECIPIENT AND THE DATE OF THE DISTRIBUTION. THIS PROCESS ENSURES THAT NO PARTICIPANT IS GIVEN DUPLICATE AMOUNTS AND THAT EACH OF THE DONATED GOODS IS ACCOUNTED FOR. ALUMNUS PARTICIPANTS ARE ELIGIBLE TO RECEIVE FINANCIAL SUPPORT, IN THE FORM OF A $300 SEMESTER ALLOTMENT, THAT MAY BE USED TOWARD EXPENSES ASSOCIATED WITH THEIR EDUCATION OR CAREER. NO PAYMENTS ARE GIVEN DIRECTLY TO THE ALUMNUS, AND ALL EXPENSES ARE PAID DIRECTLY TO THE SOURCE (I.E. COLLEGE TUITION PAYMENT MADE DIRECTLY TO THE UNIVERSITY OR BOOKS NEEDED FOR CLASS ARE PURCHASED BY HORTONS KIDS). DETAILS OF EACH ALUMNUS INFORMATION AND PURCHASES MADE ARE UPDATED REGULARLY. PARENTS OF CURRENT PARTICIPANTS ARE ELIGIBLE TO RECEIVE SPECIFIC ASSISTANCE, SUCH AS TRANSPORTATION ASSISTANCE OR PAYMENT FOR A REPLACEMENT ID, IF IT IS A MATTER THAT WOULD BENEFIT THE CHILD AND THEIR HOUSEHOLD. X 1 38000 APPRAISAL X 35560 AVERAGE VALUE X 1 4796 MARKET VALUE X 7 34389 AVERAGE VALUE 0 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE OUTSIDE CONSULTANTS AND REVIEWED BY THE EXECUTIVE DIRECTOR AND THE CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER. IT IS THEN EMAILED TO THE AUDIT AND RISK COMMITTEE FOR APPROVAL. A COPY IS PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY AND ALL ACTIVITIES OR INTERESTS WHICH COULD CONFLICT WITH THEIR PERFORMANCE, DUTIES, OR RESPONSIBILITIES TO HORTONS KIDS. THIS IS ENFORCED VIA A FORM WHICH EACH BOARD MEMBER COMPLETES ANNUALLY. EACH DIRECTOR, OFFICER OR EMPLOYEE WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO ANY TRANSACTION WHICH HE OR SHE KNOWS IS UNDER CONSIDERATION BY THE BOARD OF DIRECTORS OF THE CORPORATION OR ANY OF ITS COMMITTEES, IS REQUIRED TO MAKE TIMELY DISCLOSURE THEREOF SO THAT IT MAY BE PART OF THE BOARD OF DIRECTORS CONSIDERATION OF THE TRANSACTION AND THE PERSON HOLDING THE CONFLICTED INTEREST SHALL FURTHER REFRAIN FROM PARTICIPATING IN CONSIDERATION EXCEPT AS DIRECTED BY THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS. NOTWITHSTANDING THE FOREGOING, ANY DIRECTOR WHO IS ALSO A DIRECTOR OF AN AFFILIATED ORGANIZATION MAY PARTICIPATE IN CONSIDERING AND VOTING ON ANY MATTER PERTAINING TO SUCH ORGANIZATION. THE BOARD OF DIRECTORS MAY ACT THROUGH AN APPROPRIATE COMMITTEE, MAY ADOPT FROM TIME TO TIME SUCH REGULATIONS AND PROCEDURES AS SHALL APPEAR TO THEM SUFFICIENT TO SECURE COMPLIANCE WITH THE POLICY PROVIDED IN THIS SECTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S SALARY BASED ON COMPARABLE DATA, PERFORMANCE EVALUATIONS, JOB SKILLS, JOB KNOWLEDGE, AND EXPERIENCE. THE EXECUTIVE DIRECTOR'S SALARY IS ALSO INCLUDED IN THE ANNUAL BUDGET WHICH IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS ANNUALLY. THE LAST COMPENSATION REVIEW TOOK PLACE APRIL 2020. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART X, LINE 24: ON APRIL 20, 2020, THE ORGANIZATION RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $247,545 WITH A 1% FIXED INTEREST RATE UNDER THE PAYCHECK PROTECTION PROGRAM (PPP LOAN 1). THE PROMISSORY NOTE CALLED FOR MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE TERM OF THE PROMISSORY NOTE WITH A DEFERRAL OF PAYMENTS FOR THE FIRST TEN MONTHS AFTER THE LAST DAY OF THE COVERED PERIOD. UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). THE PROMISSORY NOTE WAS FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION IN WHOLE ON APRIL 20, 2021, AND THE ORGANIZATION RECOGNIZED REVENUE AS EXTINGUISHMENT OF DEBT DURING THE YEAR ENDED AUGUST 31, 2021. ON APRIL 14, 2021, THE ORGANIZATION ALSO ENTERED INTO A FIVE-YEAR PROMISSORY NOTE AGREEMENT IN THE AMOUNT OF $323,115 UNDER THE PAYCHECK PROTECTION PROGRAM (PPP LOAN 2). THE PROMISSORY NOTE CALLS FOR MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE FIVE-YEAR TERM OF THE PROMISSORY NOTE. UNDER THE CARES ACT, THE PROMISSORY NOTE QUALIFIES FOR FORGIVENESS BY THE SMALL BUSINESS ADMINISTRATION IN WHOLE OR IN PART. THE ORGANIZATION INTENDS TO USE THE PROCEEDS FOR PURPOSES CONSISTENT WITH THE PAYCHECK PROTECTION PROGRAM, AND BELIEVES THAT ITS USE OF THE LOAN PROCEEDS WILL MEET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. SUBSEQUENT TO YEAR END, THE ORGANIZATION APPLIED FOR AND WAS GRANTED FORGIVENESS OF THE PAYCHECK PROTECTION PROGRAM LOAN. THE ORGANIZATION WILL RECOGNIZE REVENUE FOR THE DEBT EXTINGUISHMENT DURING THE YEAR ENDING AUGUST 31, 2022. AS THE ORGANIZATION RECEIVED LOAN FORGIVENESS DURING THE YEAR ENDING AUGUST 31, 2022, IT IS RECORDED AS A LIABILITY IN THE STATEMENT OF FINANCIAL POSITION.