Kids Empowered by Your Support Inc

EIN: 204846463 501(c)(3) Arts, Culture & Humanities

NEW CANAAN, CT

Total Revenue
$893,625
Total Expenses
$1,067,317
Total Assets
$607,493
Net Assets
$488,613
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CT
Principal Officer
Gregory Smith
Phone
2033500255
Tax Period
2024-09-01 to 2025-08-31

Kids Empowered by Your Support Inc, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $894K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE INSTRUMENT LESSONS AND GROUP MUSIC INSTRUCTION TO UNDER-SERVED CHILDREN IN BRIDGEPORT, CT WHO HAVE NO OTHER ACCESS TO THIS EMPOWERING LIFE EXPERIENCE.

Program Service Accomplishments

Program 1
Expenses: $833,840 Revenue: $2,680

FREE ONE-ON-ONE AND GROUP MUSIC LESSONS TO CHILDREN IN BRIDGEPORT, CT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $879,770
Program Service Revenue $2,680
Investment Income $22,537
Other Revenue $-11,362
TOTAL REVENUE $893,625

Expense Breakdown

Grants Paid $0
Salaries & Benefits $382,198
Fundraising Expenses $6,557
Program Expenses $833,840
Other Expenses $685,119
TOTAL EXPENSES $1,067,317

Year-over-Year Comparison

2024 2023 Change
Revenue $893,625 $1,237,714 -0.3%
Expenses $1,067,317 $950,176 +0.1%
Net Income $-173,692 $287,538 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$144,313
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN COBHAM EXECUTIVE DIRECTOR 40.0
Officer
$140,000 $4,313 $144,313
JON BURLEIGH CHAIR 1.0
Officer Director
$0 $0 $0
WILLIAM YOUNG VICE-CHAIR 1.0
Officer Director
$0 $0 $0
ANDREW FOOTE TREASURER 1.0
Officer Director
$0 $0 $0
LIANE ROSEMAN SECRETARY 1.0
Officer Director
$0 $0 $0
GREG BAUER DIRECTOR 1.0
Director
$0 $0 $0
EDWIN FARROW DIRECTOR 1.0
Director
$0 $0 $0
DICK JAY DIRECTOR 1.0
Director
$0 $0 $0
ADRIENNE REEDY DIRECTOR 1.0
Director
$0 $0 $0
GREGORY SMITH DIRECTOR 1.0
Director
$0 $0 $0
REV SARA SMITH DIRECTOR 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $893,625 $1,067,317 $607,493 $-173,692
2024 $1,237,714 $950,176 $778,103 $287,538
2023 $811,757 $979,199 $519,947 $-167,442
2022 $792,188 $813,920 $636,244 $-21,732
2021 $785,006 $623,606 $659,668 $161,400
2020 $609,774 $594,075 $497,232 $15,699
2019 $633,662 $527,296 $458,499 $106,366
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