Nonprofit · EIN 31-1451439
PHILANTHROPY KIDS
Tax-exempt (reinstated) · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $372,081 | $423,950 | -$51,869 | $91,999 | $0 | $91,999 |
| December 31, 2024 | 990 | $540,135 | $409,253 | $130,882 | $180,012 | $0 | $180,012 |
| December 31, 2023 | 990-EZ (amended) | $176,262 | $135,816 | $40,446 | $64,136 | $0 | $64,136 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $353,755
- Program service revenue
- $16,401
- Investment income
- $0
- Net income from sales of inventory
- $1,925
- Other revenue
- $1,925
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $24,177
- Other salaries and wages
- $200,426
- Salaries, compensation and benefits (total)
- $253,033
- Professional fundraising fees
- $0
- Legal fees
- $11,564
- Accounting fees
- $2,000
- Occupancy
- $3,948
- Travel
- $5,063
- Program services (functional)
- $329,433
- Management and general (functional)
- $94,517
Balance sheet and other
- Total assets, start of year
- $180,012
- Total assets, end of year
- $91,999
- Total liabilities, end of year
- $0
- Net assets, end of year
- $91,999
- Net assets without donor restrictions
- $91,999
- Gross receipts
- $388,377
- Employees
- 10
- Volunteers
- 30
- Year formed
- 1995
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMIT BANERJEE | CEO Officer | 40 | $20,781 | $3,396 |
| NICK MARINO JR | IMM Past Pres Trustee or director, Officer | 1 | $0 | $0 |
| Geoff Green | Director Trustee or director | 1 | $0 | $0 |
| Jordan Lemming | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Alexandra Marsh | Director Trustee or director | 1 | $0 | $0 |
| Damian Williams | Director Trustee or director | 1 | $0 | $0 |
| KENYATTA LOVETT | Director Trustee or director | 1 | $0 | $0 |
| TERESA SOLANO | President Trustee or director, Officer | 2 | $0 | $0 |
| PATRICK TICKNER | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| TIFFANIE TOVAR | Director Trustee or director | 1 | $0 | $0 |
| Dion Harrison | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| REO PRUIETT | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMIT BANERJEE | CEO Officer | 40 | $17,793 |
| NICK MARINO JR | President Trustee or director, Officer | 2 | $0 |
| REBECCA GALENTINE | Director Trustee or director | 1 | $0 |
| SETH BLOCK | Vice President Trustee or director, Officer | 1 | $0 |
| DION HARRISON | Director Trustee or director | 1 | $0 |
| BORA LACI | Director Trustee or director | 1 | $0 |
| TINA LIN | Director Trustee or director | 1 | $0 |
| KENYATTA LOVETT | Director Trustee or director | 1 | $0 |
| TERESA SOLANO | PRESIDENT-ELECT Trustee or director, Officer | 1 | $0 |
| PATRICK TICKNER | Secretary Trustee or director, Officer | 1 | $0 |
| TIFFANIE TOVAR | Director Trustee or director | 1 | $0 |
| DAMIAN WILLIAMS | Treasurer Trustee or director, Officer | 1 | $0 |
| REO PRUIETT | Director Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nick Marino Jr | Chair | 1 | $0 |
| Rebecca Galentine | Treasurer | 1 | $0 |
| Seth Block | Secretary | 1 | $0 |
| Gigi Gartner | Director | 1 | $0 |
| Bora Laci | Director | 1 | $0 |
| Tina Lin | Director | 1 | $0 |
| Kenyatta Lovett | Director | 1 | $0 |
| Teresa Solano | Director | 1 | $0 |
| Patrick Tickner | Director | 1 | $0 |
| Tiffanie Tovar | Director | 1 | $0 |
| Damian Williams | Director | 1 | $0 |
| Amit Banerjee | CEO | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 ROSS AVE STE 700 # 179, DALLAS, TX 75201-2915
- Mailing address (990-N for 2022)
- 12640 Waltham Dr, Frisco TX 75035
- Principal officer (990 for 2025)
- AMIT BANERJEE, 2001 ROSS AVENUE STE 700-179, DALLAS, TX 75201
- Principal officer (990-N for 2022)
- Amit Banerjee, 12640 Waltham Dr, Frisco TX 75035
- Signed the 990
- AMIT BANERJEE, CEO
- Phone
- (214) 233-5320
- Website
- www.philanthropykids.org
- Return prepared by
- Sutton Frost Cary LLP
Mission
The mission of Philanthropy Kids is to celebrate and inspire young changemakers through education, leadership, and hands-on philanthropy experiences.
Program accomplishments
- The Impact Factory is a social impact incubator that empowers young people to develop their own charitable initiatives. The Impact Factory admitted several new Residents who executed a variety of Initiatives ranging in scale and impact while learning about everything involved in being an effective social entrepreneur.Expenses $310,799 · revenue $13,370
- PAVE is a semester-long educational curriculum delivered in partnership with middle and high school campuses across North Texas. The PAVE program engaged hundreds of Dallas-area youth at their schools throughout the year and taught them about philanthropy, leadership, business & entrepreneurship, and public communication.Expenses $18,634 · revenue $3,031
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 31-1451439
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $91,999
- Income (IRS master file)
- $388,377
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- February 22, 2012
- Reinstated
- Effective March 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $372,081 | $423,950 | $91,999 | XML |
| 990 | December 2024 | $540,135 | $409,253 | $180,012 | XML |
| 990-EZ | December 2023 | $176,262 | $135,816 | $64,136 | XML |
| 990-N for 2022 Officer: Amit Banerjee | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Amit Banerjee | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Indrani Banerjee | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1451439).
Questions about PHILANTHROPY KIDS
- What is the EIN of PHILANTHROPY KIDS?
- The employer identification number (EIN) of PHILANTHROPY KIDS is 31-1451439.
- Is PHILANTHROPY KIDS tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective March 15, 2012.
- Are donations to PHILANTHROPY KIDS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHILANTHROPY KIDS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHILANTHROPY KIDS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHILANTHROPY KIDS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PHILANTHROPY KIDS?
- The 990 for the year ended December 31, 2025 names AMIT BANERJEE.
- Who are the officers and directors of PHILANTHROPY KIDS?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $20,781 (AMIT BANERJEE, CEO).
- How much revenue does PHILANTHROPY KIDS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $372,081, expenses of $423,950 and total assets of $91,999 at year end.
Other nonprofits in DALLAS
- SOUTHERN METHODIST UNIVERSITY EIN 75-0800689 · last filed 990 for 2025
- UPLIFT EDUCATION EIN 75-2659683 · last filed 990 for 2025
- SOUTHWESTERN MEDICAL FOUNDATION EIN 75-0945939 · last filed 990 for 2024
- DALLAS BAPTIST UNIVERSITY EIN 75-6001300 · last filed 990 for 2025
- PARKER UNIVERSITY EIN 75-1596658 · last filed 990 for 2025
- DALLAS THEOLOGICAL SEMINARY EIN 75-0827421 · last filed 990 for 2025
- DALLAS COLLEGE FOUNDATION INC EIN 23-7326612 · last filed 990 for 2025
- HOCKADAY SCHOOL EIN 75-0800650 · last filed 990 for 2025