Gktw Inc in Kissimmee, Florida (FL)

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Gktw Inc
Employer Identification Number (EIN)593327385
Name of OrganizationGktw Inc
Address210 S Bass Rd, Kissimmee, FL 34746-6034
ActivitiesOther youth organization or activities
SubsectionCharitable Organization
Ruling Date03/1997
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2007
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$57,955,735
Amount of Income$23,736,481
Form 990 Revenue Amount$23,736,481
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Patient Services - Entertainment, Recreation


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Amount of income in 2007: $23,736,481
This organization: 

 $23,736,481
Other organizations performing similar types of work: 

 $1,414,264

Assets in 2007: $57,955,735
Gktw Inc: 

 $57,955,735
Other organizations performing similar types of work: 

 $2,902,352

Expenses in 2000: $18,794,375
This organization: 

 $18,794,375
Other organizations performing similar types of work: 

 $883,488

Income to expenses ratio in 2000: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.4

Expenses allocated to program services in 2000: 91.0%
This organization: 

 91.0%
Other organizations performing similar types of work: 

 80.5%

Grants share in income in 2000: 86.2%
This organization: 

 86.2%
Other organizations performing similar types of work: 

 78.3%

Financial snapshot ($)

Revenue for 2000

Assets at end of 2000

Expenses for 2000

Functional Expenses for 2000 ($)

Income-Producing Activities for 2000

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000
Total revenue$23,736,481
Contributions, gifts, grants, and similar amounts received$20,463,324
Contributions to donor advised funds
Direct public support$20,463,324
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$1,517,247
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$1,156,336
Gross amount from sales of assets other than inventory$1,156,336
Less: cost or other basis and sales expenses$0
Net income or (loss) from special events and activities$448,466
Gross revenue$997,701
Less: direct expenses other than fundraising expenses$549,235
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$151,108
Total expenses$18,794,375
Program services$17,109,798
Management and general$533,727
Fundraising$1,150,850
Payments to affiliates$0
Net assets or fund balances at end of year$57,955,735
Excess or (deficit) for the year$4,942,106
Net assets or fund balances at beginning of year$55,137,855
Other changes in net assets or fund balances$-2,124,226
Statement of Functional Expenses (for 2000)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$18,794,375$17,109,798$533,727$1,150,850
Grants paid from donor advised funds
Other grants and allocations$12,131,071
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$181,154$181,154$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$2,524,723$1,912,588$216,193$395,942
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$169,504$124,023$20,185$25,296
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$1,009$1,009$0$0
Equipment rental and maintenance$14,001$11,638$0$2,363
Printing and publications$54,553$13,241$1,347$39,965
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$1,487,573$1,216,651$101,596$169,326
Other expenses not covered above$2,230,787$1,518,423$194,406$517,958
Balance Sheets
2000
Total assets$58,705,670
Cash - non-interest-bearing$7,382,177
Savings and temporary cash investments$0
Accounts receivable less allowance for doubtful accounts$20,310
Pledges receivable less allowance for doubtful accounts$1,176,811
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$22,786
Inventories for sale or use$81,400
Prepaid expenses and deferred charges$14,937
Investments - publicly-traded securities
Investments - other securities$31,192,480
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$18,756,081
Other assets, including program-related investments$58,688
Total liabilities$749,935
Accounts payable and accrued expenses$615,281
Grants payable$0
Deferred revenue$134,654
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$58,705,670
Total net assets or fund balances$57,955,735
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000
Total revenue$23,736,481
Total revenue, gains, and other support per audited financial statements$21,612,255
Other expenses$-2,124,226
Net unrealized gains on investments$-2,124,226
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000
Total expenses$18,794,375
Total expenses and losses per audited financial statements$18,794,375
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2000)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,824,691$448,466
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,517,247$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,156,336$0
Net income or (loss) from special events000000$000$0$448,466
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$099$151,108$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2000)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2000)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$72,692$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2000)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
1999
Total$18,740,074
Gifts, grants, and contributions received$16,851,275
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,362,274
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$526,525
Lobbying Expenditures by Electing Public Charities (for 2000)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Gktw Inc, Group Return210 S Bass Rd, Kissimmee, FL 34746-6034FL1997-03$45,400,022
2Gktw Inc210 S Bass Rd, Kissimmee, FL 34746-6034FL1997-03$23,736,481
3Ronald Mcdonald House Charities Of Tampa Bay IncBay Inc 28 Columbia Drive, Tampa, FL 33606FL1978-10$6,021,565
4Ronald Mcdonald House Charities Of Jacksonville Inc824 Childrens Way, Jacksonville, FL 32207-8427FL1986-07$5,442,940
5Resource Connections Of Oregon1775 32nd Pl Ne Ste A, Salem, OR 97301-8774OR2000-02$15,877,438
6Sunshine Kids Foundation2814 Virginia St, Houston, TX 77098-1229TX1982-08$3,278,442
7Shake-A-Leg Miami Inc2620 S Bayshore Dr, Miami, FL 33133-5424FL1996-05$1,782,890
8Valley Caregiver Resource Center3845 N Clark St Ste 201, Fresno, CA 93726-4842CA1999-05$1,610,014
9The Marty Lyons Foundation Inc354 Veterans Memorial Hwy Ste 9, Commack, NY 11725-4331NY1984-04$1,026,390
10Quantum House Inc901 45th St, West Palm Bch, FL 33407-2413FL1999-12$992,769
11Cancer Support Community-Greater Miami Inc8609 S Dixie Hwy, Miami, FL 33143-7810FL1999-08$838,472
12The Dream Connection IncPO BOX 10924, Knoxville, TN 37939-0924TN1986-05$197,551
13Summer Santa IncPO BOX 1773, Keller, TX 76244-1773TX1997-05$95,185
14Sabriya Ihsan Bakewell Castle Of Fun Foundation200 E Slauson Ave, Los Angeles, CA 90011-5347CA1993-11$22,370
15Marquette Special Recreation Parents AssociationPO BOX 557832, Chicago, IL 60655-7832IL2001-07$18,338
16Contemporary Housing Alternatives2164 15th Circle N, St Petersburg, FL 33713FL$0
17Disabled Sports And Recreational Programs Inc, Dsrp-Charlotte Rollin Bobcats8245 Charles Crawford Drive, Charlotte, NC 28269-1371NC2000-05$0
18Dreammakers For Life Inc4701 Nw 30 Street, Coconut Creek, FL 33063FL2007-10$0
19Little Angel Foundation Inc80 Hull St, Belmont, MA 02478-1814MA1999-03$0
20Suncoast Trailblazers Inc6727 1st Ave S Ste 202, St Petersburg, FL 33707-1341FL1999-05$0
Number of organizations performing similar types of work
Alaska1
Alabama2
Arkansas2
Arizona2
California5
Colorado3
Connecticut2
District of Columbia1
Florida10
Georgia2
Iowa1
Idaho1
Illinois4
Indiana1
Kentucky1
Massachusetts3
Maryland3
Michigan1
Minnesota1
Missouri1
North Carolina3
New Jersey2
New Mexico1
Nevada1
New York5
Ohio1
Oregon2
Pennsylvania1
Tennessee1
Texas11
Utah1
Washington1
Wisconsin1
Total78
All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralGktw Inc210 S Bass Rd, Kissimmee, FL 34746-6034FL1997-03$23,736,481
SubordinateGktw Inc, Group Return210 S Bass Rd, Kissimmee, FL 34746-6034FL1997-03$45,400,022
SubordinateGktw Inc, Give Kids The World Trust Inc210 S Bass Rd, Kissimmee, FL 34746-6034FL1997-03$0
Number of affiliated organizations
Florida3
Total3

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