Kairos Freedom Schools of VA Inc

EIN: 474852893 501(c)(3)

Chesapeake, VA

Total Revenue
$43,030
Total Expenses
$116,870
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
VA
Tax Period
2022-01-01 to 2022-12-31

Kairos Freedom Schools of Virginia, founded in 2015, is a micro nonprofit that reported $55K in total revenue in fiscal year 2018. Expenses of $47K left a modest 14% surplus.

Mission

To ignite childrens spirit & passion for innovation and learning through a lifelong love of reading.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $43,030
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $43,030

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,411
Fundraising Expenses $0
Program Expenses $30,676
Other Expenses $76,459
TOTAL EXPENSES $116,870

Year-over-Year Comparison

2022 2021 Change
Revenue $43,030 N/A N/A
Expenses $116,870 N/A N/A
Net Income $-73,840 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
9
Volunteers
N/A

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
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Taftaleen T Hunter Director 1.00
Director
$0 $0 $0
Lori A Butts Director 1.00
Director
$0 $0 $0
Leah Williams-Rumbley Director 1.00
Director
$0 $0 $0
Hugo J Morrison Director 1.00
Director
$0 $0 $0
Jacqueline C Boone Director 1.00
Director
$0 $0 $0
Chamia Ford Secretary 1.00
Director
$0 $0 $0
Linda T Clark Chair 1.00
Director
$0 $0 $0
Lydia W Simmons Treasurer 1.00
Director
$0 $0 $0
Brenda T Brown Executive Director 12.00
Officer 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
2022 $43,030 $116,870 No data $-73,840
2021 $82,336 $44,205 $73,840 $38,131
2020 $64,640 $41,195 $35,709 $23,445
2019 $54,689 $48,862 $12,264 $5,827
2018 $54,621 $47,212 $8,537 $7,409
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