KidWorks

The information on this page was last updated 3/22/2023. If you see errors or omissions, please email: [email protected]


Summary

KidWorks ushers hope into Orange County's most challenging neighborhoods through life changing leadership development and academic enrichment programs while also fortifying families by engaging and supporting parents.


Contact information

Mailing address:
KidWorks
1902 W. CHESTNUT AVENUE
SANTA ANA, CA 92703

Website: kidworksoc.org

Phone: 714.834.9400

Email: [email protected]


Organization details

EIN: 743081569

CEO/President: David Benavides

Chairman: Cory Alder

Board size: 13

Founder: Pastor Larry and Jayme Acosta

Ruling year: 2003

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2021


Purpose

To transform challenged neighborhoods in central Santa Ana by building on the strengths and potential in the community through education, character formation, and personal development.


Mission statement

To restore at-risk neighborhoods...one life at a time.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating366 of 111023 of 49
Fund acquisition rating8 of 11116 of 49
Resource allocation rating814 of 111140 of 49
Asset utilization rating537 of 111028 of 49

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%10%11%9%13%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
3%9%11%9%12%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
16%90%103%99%97%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
3%13%13%11%13%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
84%10%-3%1%3%1%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%77%78%81%80%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%71%89%77%98%99%
Program output ratio Program output ratio =
Program services /
Total revenue
77%55%70%63%79%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%29%11%23%2%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%19%6%13%1%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%10%9%8%7%7%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.490.420.430.430.480.49
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.151.722.122.452.893.61
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.590.730.921.051.391.79
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
2.797.576.6511.7113.129.36
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.360.130.150.090.080.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.5414.2111.1210.487.995.99
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
32%8%7%3%8%3%
Debt ratio Debt ratio =
Debt /
Total assets
9%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%217%215%226%191%196%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,687,365$1,274,144$1,707,039$1,235,769$613,579
Receivables, inventories, prepaids$614,473$231,721$171,661$441,324$567,401
Short-term investments$3,016,133$1,948,979$886,122$484,003$439,413
Other current assets$0$0$0$0$0
Total current assets$5,317,971$3,454,844$2,764,822$2,161,096$1,620,393
Long-term investments$0$0$0$0$0
Fixed assets$3,853,391$3,869,928$4,001,414$4,087,270$4,235,551
Other long-term assets$1,325$1,325$1,325$1,325$1,325
Total long-term assets$3,854,716$3,871,253$4,002,739$4,088,595$4,236,876
Total assets$9,172,687$7,326,097$6,767,561$6,249,691$5,857,269
 
Liabilities20232022202120202019
Payables and accrued expenses$424,733$306,064$236,054$164,745$173,032
Other current liabilities$278,097$213,780$0$0$0
Total current liabilities$702,830$519,844$236,054$164,745$173,032
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$355,133$0
Total long-term liabilities$0$0$0$355,133$0
Total liabilities$702,830$519,844$236,054$519,878$173,032
 
Net assets20232022202120202019
Without donor restrictions$7,208,800$6,325,105$5,742,101$4,909,473$4,962,538
With donor restrictions$1,261,057$481,148$789,406$820,340$721,699
Net assets$8,469,857$6,806,253$6,531,507$5,729,813$5,684,237
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$4,907,206$3,648,274$3,681,488$2,943,569$2,914,386
Program service revenue$11,456$11,491$7,400$11,245$17,584
Membership dues$0$0$0$0$0
Investment income$55,971$30,632$34,617$19,308$13,260
Other revenue$503,606($136,562)$13,695$75,835($13,272)
Total other revenue$571,033($94,439)$55,712$106,388$17,572
Total revenue$5,478,239$3,553,835$3,737,200$3,049,957$2,931,958
 
Expenses20232022202120202019
Program services$2,995,228$2,483,682$2,343,717$2,405,949$2,371,186
Management and general$391,062$277,149$221,242$216,050$207,454
Fundraising$511,336$407,282$329,682$376,804$320,604
Total expenses$3,897,626$3,168,113$2,894,641$2,998,803$2,899,244
 
Change in net assets20232022202120202019
Surplus (deficit)$1,580,613$385,722$842,559$51,154$32,714
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,580,613$385,722$842,559$51,154$32,714

Compensation

NameTitleCompensation
David BenavidesExecutive Director$149,561
Jasna BaronChief Financial Officer$62,901
David LettasSenior Director of Finance & Operations$50,441

Compensation data as of: 6/30/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/22/2023. To update the information below, please email: [email protected]


History

KidWorks, founded in 1993 by Pastor Larry and Jayme Acosta, began in a tiny, one-room apartment on Townsend Street as a summer safe haven for children and youth. From the beginning, KidWorks recruited college students to live and work in the community. Our Executive Director, David Benavides, was one of the first students to volunteer. His time with KidWorks began with an eight-week program that changed his life, and ours, forever.

Since 1993, KidWorks has grown into a vibrant community development non-profit that serves central Santa Ana students and families through a fully licensed preschool, after-school programs, tutoring, mentoring, and adult services in the areas of health, parenting classes, and support groups.

With Ava Steaffens as our Chief Executive Officer from 2002 to 2015, KidWorks grew into a strong organization with deep roots in the community.

In 2005 we opened our main community center, the Dan Donahue Center, in honor and memory of a KidWorks' dear friend, Dan Donahue. His friends and family raised over a million dollars to provide hope and restoration to central Santa Ana by helping purchase and renovate the building that now bares his name.

In 2009, thanks to a generous in-kind donation from Orange Housing and C&C Development, the KidWorks Center on Townsend Street opened. In 2011, KidWorks opened a third community center in the Bishop Manor neighborhood.

In 2015 KidWorks opened a fourth center in the Cedar Evergreen neighborhood. We also launched the Building Dreams Capital Campaign to fund the expansion of the Dan Donahue Center so that we could double our capacity to serve children, youth, and parents in central Santa Ana. Our expanded KidWorks Dan Donahue Center opened its doors in the fall of 2017!

In partnership with our valued supporters and volunteers, we are guiding children and youth towards positive life choices and redirecting their path towards college.

KidWorks continues its legacy as a beacon of light and hope.


Program accomplishments

Each year KidWorks impacts the lives of hundreds of students and families through our programs in central Santa Ana.


Needs