Nonprofit · EIN 85-0909898
KG S KIDS INC
Tax-exempt · AUSTIN, TX 78733
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $97,487 | $57,705 | $39,782 | $61,298 | – | $61,298 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $93,652
- Investment income
- $341
- Net income from fundraising events
- $3,494
Expenses
- Grants and similar amounts paid
- $5,158
- Compensation of officers, directors and key employees
- $12,412
- Salaries, compensation and benefits (total)
- $13,722
- Professional fees and payments to contractors
- $2,448
- Occupancy
- $785
- Other expenses
- $35,592
- Program services (functional)
- $48,988
Balance sheet and other
- Total assets, start of year
- $21,516
- Total assets, end of year
- $61,298
- Total liabilities, end of year
- –
- Net assets, end of year
- $61,298
- Cash, savings and investments
- $49,738
- Gross receipts
- $106,238
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Granson | CEO | 45 | $12,412 |
| Heather Granson | COO | 25 | $0 |
| David Gudal | CFO | 10 | $0 |
| Dakota Slaughter | Legal Counsel | 10 | $0 |
| Christie Lowin | Secretary | 10 | $0 |
| Laura Coker | Board Member | 1 | $0 |
| Cassidy Howard | Board Member | 1 | $0 |
| Holly Harding Tyler | Board Member | 1 | $0 |
| Pat Lumbley | Board Member | 1 | $0 |
| Jessica Barnes | Board Member | 1 | $0 |
| Julian Lowin | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1803 N CUERNAVACA DR, AUSTIN, TX 78733-1619
- Mailing address (990-N for 2022)
- 1803 N CUERNEVACA, AUSTIN TX 78733
- Principal officer (990-N for 2022)
- DAVID GRANSON, 225 PERUNA DR, MARBLE FALLS TX 78654
- Signed the 990-EZ
- David Granson, CEO
- Phone
- (469) 667-1058
- Website
- www.kgskids.com
- Return prepared by
- Carolyn J Smith CPA
Mission
KG's Kids works to emphasize education, starting with reading, to create opportunities for all students to be successful in school.
Program accomplishments
- Books Before Break - To help prevent the loss of academic skills during school breaks by giving each student a free book ahead of their school breaks.Expenses $10,915
- KG's Karnival of Books - To support literacy by providing every student with 2 free books to take home for summer break.Expenses $15,861
- Classroom Library Adoptions - Providing 1st year teachers with an initial library of 20 books for their classroom.Expenses $6,365
- Financial Literacy Workshops - Sponsors the Reality Store to provide an interactive experience for youth to learn how the choices they make regarding career, managing income, and investing will affect future outcomes.Expenses $4,735
- Literacy Support System - to provide support to schools' existing curriculumExpenses $8,470
- STEM Activities w/Read Alouds - Program within schools where students in each grade will listen to a book, then pair up to complete the STEM activity that corresponds to the book read.Expenses $2,642
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-0909898
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B92)
- Assets (IRS master file)
- $61,298
- Income (IRS master file)
- $106,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2023 | $97,487 | $57,705 | $61,298 | XML |
| 990-N for 2022 Officer: DAVID GRANSON | December 31, 2022 | ≤ $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 85-0909898).
Questions about KG S KIDS INC
- What is the EIN of KG S KIDS INC?
- The employer identification number (EIN) of KG S KIDS INC is 85-0909898.
- Is KG S KIDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to KG S KIDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KG S KIDS INC 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 KG S KIDS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KG S KIDS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
- Who is the principal officer of KG S KIDS INC?
- The 990-N for 2022 names DAVID GRANSON.
- Who are the officers and directors of KG S KIDS INC?
- The 990-EZ for the year ended December 31, 2023 lists 11 people; 1 received compensation from the organization, the highest $12,412 (David Granson, CEO).
- How much revenue does KG S KIDS INC have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $97,487, expenses of $57,705 and total assets of $61,298 at year end.
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