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Kids Wish Network

CharityWatch report issued
August 2021

F
CharityWatch Grade
Our independent grade based
on a number of factors.
 
8%
Program Percentage
Amount spent on programs
relative to overhead.
 
$85
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Kids Wish Network
301 Bear Ridge Circle
Palm Harbor, FL 34683

Other Names

None

Tax Status

501(c)3

Stated Mission

Dedicated to infusing hope, creating happy memories, and improving the quality of life for children with life-threatening conditions & struggling with life-altering situations.

View similar charities
Data based on Fiscal Year Ended 05/31/2020

Program Percentage: 8%

The percentage of Kids Wish Network's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$12,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $85

How many dollars Kids Wish Network spends on fundraising to raise each $100 of contributions.

$12,000,000

Calculated Total Contributions

(rounded)

Joint Costs

Kids Wish Network's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
26% $67
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Kids Wish Network IRS Form 990 31-1579097
Kids Wish Network Audited Financial Statements 31-1579097
Entity: Kids Wish Network
Document Type: IRS Form 990
Tax ID: 31-1579097
Entity: Kids Wish Network
Document Type: Audited Financial Statements
Tax ID: 31-1579097

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Kids Wish Network
meets governance benchmarks.
 
Kids Wish Network
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Tam Lai Keenan Executive Director $178,855
1
Name: Tam Lai Keenan
Title: Executive Director
Compensation: $178,855

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Kids Wish Network (KWN) audit of May 31, 2020 (Note 4, Donated Materials and Facilities), KWN received in-kind contributions in fiscal 2020 on which it placed a total value of $2,391,916. Of this amount, $1,391,433 consisted of "Games, toys, supplies;" $480,00 consisted of "donated advertising and marketing;" $456,965 consisted of "Lodging, wish activities;" and $63,518 consisted of "donated warehouse space."

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Kids Wish Network audit of May 31, 2020 (Note 9, Contingencies):

"The Organization entered into contracts with consulting firms to assist with fundraising and program service activities. The contracts are no risk contracts and the Organization is required to pay invoices to the extent of direct mail income. If costs remain unpaid upon termination of the contracts, the consulting firms will retain a lien and an interest in the Organization's direct mail list as well as on the proceeds from the list's rental until the costs have been repaid. As of May 31, 2020, $377,032 of expenses remains a potential future liability as revenue is received."

According to the Kids Wish Network audit of May 31, 2020 (Note 11, Uncertainties):

"Economic uncertainties have arisen due to the spread of the COVID-19 coronavirus. The Organization believes such uncertainties are temporary in nature. As a result of the COVID-19 coronavirus, the Organization has had to postpone 'in-person' wishes, all travel wishes and events that do not adhere to social distancing."


According to the Kids Wish Network audit of May 31, 2020 (Note 12, Paycheck Protection Program Loan):

"In 2020, the Organization obtained a loan in the amount of $160,900 pursuant to the Paycheck Protection Program ('PPP'). The PPP, established as part of the Coronavirus Aid, Relief, and Economic Security Act ('CARES Act'), provides for loans to qualifying businesses for up to 2.5 times the average monthly payroll expenses of the qualifying business. Under the terms of the PPP, certain amounts of the loan may be forgiven if they are used for qualifying expenses as described in the CARES Act. The unforgiven portion of the loan is payable over 2 years at an interest rate of 1%, with a deferral of payments for the first six months. The Organization believes it has used the proceeds for the purposes consistent with the PPP."


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