Gktw Inc, Group Return in Kissimmee, Florida (FL)

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Gktw Inc, Group Return
Employer Identification Number (EIN)912145286
Name of OrganizationGktw Inc
Secondary NameGroup Return
In Care of NamePamela Landwirth Pres
Address210 S Bass Rd, Kissimmee, FL 34746-6034
SubsectionCharitable Organization
Ruling Date03/1997
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Group return
Asset Amount$80,270,471
Amount of Income$45,400,022
Form 990 Revenue Amount$30,608,201
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Patient Services - Entertainment, Recreation


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Amount of income in 2008: $45,400,022
This organization: 

 $45,400,022
Other organizations performing similar types of work: 

 $1,414,264

Assets in 2008: $80,270,471
Gktw Inc, Group Return: 

 $80,270,471
Other organizations performing similar types of work: 

 $2,902,352

Expenses in 2007: $31,130,306
This organization: 

 $31,130,306
Other organizations performing similar types of work: 

 $883,488

Income to expenses ratio in 2007: 1.4
This organization: 

 1.4
Other organizations performing similar types of work: 

 1.4

Expenses allocated to program services in 2007: 92.4%
Gktw Inc, Group Return: 

 92.4%
Other organizations performing similar types of work: 

 80.5%

Number of employees in 2007: 124
This organization: 

 124
Other organizations performing similar types of work: 

 13

Employees paid over $50,000 in 2007: 9.7%
This organization: 

 9.7%
Other organizations performing similar types of work: 

 8.3%

Grants share in income in 2007: 76.4%
This organization: 

 76.4%
Other organizations performing similar types of work: 

 78.3%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$19,778,734$19,670,326$22,435,729$27,186,121$30,675,026$30,233,434$43,247,878
Contributions, gifts, grants, and similar amounts received$18,632,367$17,645,712$18,561,557$20,748,373$22,771,076$23,361,707$33,026,850
Contributions to donor advised funds$0$0
Direct public support$18,568,691$17,429,178$18,317,382$20,495,407$22,573,619$23,124,024$32,754,361
Indirect public support$63,676$216,534$244,175$252,966$197,457$237,683$272,489
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$1,550,381$2,639,700$2,770,500$2,824,000$3,063,000$2,987,000$3,161,500
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$162,312
Dividends and interest from securities$1,223,383$980,624$832,824$922,237$1,459,620$1,734,240$2,295,980
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-2,085,586$-2,161,286$-239,019$2,195,414$2,884,814$1,633,850$4,106,983
Gross amount from sales of assets other than inventory$15,700,348$9,319,215$9,293,847$16,976,472$12,438,455$12,349,390$17,159,146
Less: cost or other basis and sales expenses$17,785,934$11,480,501$9,532,866$14,781,058$9,553,641$10,715,540$13,052,163
Net income or (loss) from special events and activities$333,957$425,750$447,625$438,171$416,161$420,147$420,410
Gross revenue$905,206$966,424$636,970$642,747$590,489$596,812$585,681
Less: direct expenses other than fundraising expenses$571,249$540,674$189,345$204,576$174,328$176,665$165,271
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$124,232$139,826$62,242$57,926$80,355$96,490$73,843
Total expenses$18,887,503$18,811,592$19,895,290$20,918,539$24,897,028$26,853,178$31,130,306
Program services$17,251,806$17,182,356$17,905,858$19,275,601$23,179,126$25,007,380$28,759,885
Management and general$476,985$507,293$677,689$420,703$508,886$538,372$681,116
Fundraising$1,158,712$1,121,943$1,311,743$1,222,235$1,209,016$1,307,426$1,689,305
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$57,142,214$55,860,429$66,097,189$73,494,680$78,658,959$84,806,403$95,016,858
Excess or (deficit) for the year$891,231$858,734$2,540,439$6,267,589$5,777,998$3,380,256$12,117,572
Net assets or fund balances at beginning of year$57,955,735$57,142,214$55,860,429$66,097,189$73,494,680$78,658,959$84,806,403
Other changes in net assets or fund balances$-1,704,752$-2,140,519$7,696,321$1,129,909$-613,719$2,767,188$-1,907,117
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$31,130,306$28,759,885$681,116$1,689,305
Grants paid from donor advised funds$0
Other grants and allocations$20,934,595
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$392,107$242,962$124,980$24,165
Compensation of former officers, directors, key employees, etc.$0$0$0$0
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)$0$0$0$0
Salaries and wages of employees not included above$4,326,007$3,286,440$215,623$823,944
Pension plan contributions not included above$46,327$37,061$4,633$4,633
Employee benefits not included above$0$0$0$0
Payroll taxes$291,815$210,303$29,153$52,359
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$62,056$31,917$0$30,139
Telephone$187,178$123,912$8,797$54,469
Postage and shipping$0$0$0$0
Occupancy$581,078$568,753$6,163$6,162
Equipment rental and maintenance$0$0$0$0
Printing and publications$151,081$75,128$8,189$67,764
Travel$207,130$12,064$36,841$158,225
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$1,550,778$1,495,894$27,442$27,442
Other expenses not covered above$2,400,154$1,740,856$219,295$440,003
Balance Sheets
2001200220032004200520062007
Total assets$57,884,335$56,977,904$66,810,177$74,429,535$79,765,825$85,688,927$96,116,635
Cash - non-interest-bearing$4,350,041$2,883,434$4,947,293$3,666,522$2,368,265$4,862,793$1,699,259
Savings and temporary cash investments$0$0$0$0$0$0$3,870,916
Accounts receivable less allowance for doubtful accounts$15,530$73,055$26,692$453,957$535,083$307,451$796,293
Pledges receivable less allowance for doubtful accounts$1,057,890$598,822$544,073$483,970$798,153$1,040,130$2,034,620
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$14,381$3,513$0$0$0$0$0
Inventories for sale or use$78,100$72,600$2,507,423$3,058,067$2,526,451$2,100,595$5,523,142
Prepaid expenses and deferred charges$12,501$308,406$36,941$29,263$33,868$87,413$106,837
Investments - publicly-traded securities$56,114,281$59,701,770
Investments - other securities$31,718,455$31,367,442$38,943,040$46,912,956$52,790,841$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$19,045,571$20,266,935$19,723,882$19,738,996$20,592,949$21,023,076$22,065,960
Other assets, including program-related investments$1,591,866$1,403,697$80,833$85,804$120,215$153,188$317,838
Total liabilities$742,121$1,117,475$712,988$934,855$1,106,866$882,524$1,099,777
Accounts payable and accrued expenses$664,121$968,963$616,188$767,855$921,660$784,624$1,043,277
Grants payable$0$0$0$0$0$0$0
Deferred revenue$78,000$148,512$96,800$167,000$185,206$97,900$56,500
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$57,884,335$56,977,904$66,810,177$74,429,535$79,765,825$85,688,927$96,116,635
Total net assets or fund balances$57,142,214$55,860,429$66,097,189$73,494,680$78,658,959$84,806,403$95,016,858
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$19,778,734$19,670,326$22,435,729$27,186,121$30,675,026$30,233,434$43,247,878
Total revenue, gains, and other support per audited financial statements$18,073,982$17,529,807$28,053,538$28,309,266$30,061,307$33,029,449$41,833,239
Other expenses$-1,704,752$-2,140,519$5,617,809$1,123,145$-613,719$2,796,015$-1,425,222
Net unrealized gains on investments$-1,704,752$-2,140,519$5,617,809$1,123,145$-649,424$2,767,188$-1,907,117
Donated services and use of facilities$0$0$0$0$0$28,827$562,094
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$35,705$0$-80,199
Other revenue$0$0$0$0$0$0$-10,583
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$-10,583
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$18,887,503$18,811,592$19,895,290$20,918,539$24,897,028$26,853,178$31,130,306
Total expenses and losses per audited financial statements$18,887,503$18,811,592$19,895,290$20,925,303$24,897,028$26,882,005$31,622,784
Other revenue$0$0$0$6,764$0$28,827$572,677
Donated services and use of facilities$0$0$0$0$0$28,827$562,094
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$-28,930$0$0$0
Other$0$0$0$35,694$0$0$10,583
Other expenses$0$0$0$0$0$0$80,199
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$80,199
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$168,388$23,394$0
40$74,616$12,044$0
40$90,135$23,530$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings17
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?No
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?No
Does the organization have a written conflict of interest policy?Yes
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?Yes
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)?No
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?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006124
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$73,843$6,985,685$3,161,500
Program service revenue
Program service revenue 1000000$000$0$3,161,500
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$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)$162,312$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)$2,295,980$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))$4,106,983$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$420,410$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueClothing and clothing accessories stores$73,84300$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
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 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$115,986$23,990$0
$76,189$8,200$0
$67,400$10,255$0
$71,089$12,406$0
$64,072$11,827$0
Total number of other employees paid over $50,0004
Statements About Activities (for 2007)
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?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
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$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
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
2000200120022003200420052006
Total$23,470,115$22,554,490$22,831,354$22,918,842$25,255,386$27,650,357$28,761,904
Gifts, grants, and contributions received$19,276,299$18,751,288$18,104,780$18,616,306$20,808,476$22,456,893$23,119,730
Membership fees received$0$0$0$0$0$0$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$2,525,461$2,455,587$3,606,124$3,407,470$3,466,747$3,653,489$3,811,444
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$1,517,247$1,223,383$980,624$832,824$922,237$1,459,620$1,734,240
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$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$0$0$0$0$0$0
Other income$151,108$124,232$139,826$62,242$57,926$80,355$96,490
Lobbying Expenditures by Electing Public Charities (for 2007)
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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