Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $11,542

• 3 · Investment income

  total $3,189,617 · excluded $3,189,617

• 7a · Gross sales of assets other than inventory

  securities $5,300,783

• 7b · Less cost or other basis and sales expenses

  securities $2,833,649

• 7c · Gain or loss

  securities $2,467,134

• 7d · Net gain or loss

  total $2,467,134 · excluded $2,467,134

• 11d · All other revenue

  total $375 · excluded $375

• 11e · Other revenue, total

  $375

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,133,258 · program services $5,133,258

• 11b · Fees: legal

  total $5,426 · management and general $5,426

• 11c · Fees: accounting

  total $62,849 · management and general $62,849

• 11f · Fees: investment management

  total $136,024 · management and general $136,024

• 16 · Occupancy

  total $1,584 · program services $1,584

• 22 · Depreciation, depletion and amortization

  total $701,170 · program services $701,170

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,982,125 · end of year $394,439

• 9 · Prepaid expenses and deferred charges

  end of year $9,429

• 10a · Land, buildings and equipment: cost or other basis

  $39,763,199

• 10b · Land, buildings and equipment: accumulated depreciation

  $13,041,725

• 10c · Land, buildings and equipment, net

  beginning of year $27,422,644 · end of year $26,721,474

• 11 · Investments: publicly traded securities

  beginning of year $112,903,025 · end of year $123,215,837

• 17 · Accounts payable and accrued expenses

  beginning of year $50,524 · end of year $59,125

• 25 · Other liabilities

  beginning of year $704 · end of year $8,381

• 27 · Net assets without donor restrictions

  beginning of year $46,580,894 · end of year $49,176,683

• 28 · Net assets with donor restrictions

  beginning of year $95,675,672 · end of year $101,096,990

The filer's explanations (Part III)

PART I, LINE 4B

AN EXECUTIVE SAVINGS PLAN WAS ESTABLISHED BY DEPELCHIN CHILDREN'S CENTER, EFFECTIVE 1/1/2021 FOR BENEFIT OF THE FOLLOWING PERSON. THE VESTING DATES ARE 12/31/2023 (60%) AND 12/31/2025 (REMAINING 40%). JENIFER JARRIEL AMOUNT ACCRUED: $283,377 AMOUNT RECEIVED: -0- AN EXECUTIVE SAVINGS PLAN WAS ESTABLISHED BY DEPELCHIN CHILDREN'S CENTER, EFFECTIVE 1/1/2021 FOR BENEFIT OF THE FOLLOWING PERSON. THE VESTING DATE IS 12/31/2025. BRIAN PATE AMOUNT ACCRUED: $180,543 AMOUNT RECEIVED: -0-

SCHEDULE J PART I LINE 3

THE FOUNDATION FOR DEPELCHIN CHILDREN'S CENTER DOES NOT PROVIDE COMPENSATION TO ITS OFFICERS OR DIRECTORS. THE FOUNDATION'S PRESIDENT/CEO AND SECRETARY ARE COMPENSATED BY ITS RELATED ORGANIZATION, DEPELCHIN CHILDREN'S CENTER. THE BOARD OF DIRECTORS OF DEPELCHIN CHILDREN'S CENTER ADOPTED A POLICY, HR.G. 406, TO ENSURE THAT THE PROCESS TO REVIEW COMPENSATION RECEIVED BY OFFICERS AND KEY EMPLOYEES FOR THE PERFORMANCE OF SERVICES IS THE FAIR VALUE FOR SUCH SERVICES. FAIR VALUE IS THE VALUE THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY A LIKE ORGANIZATION UNDER LIKE CIRCUMSTANCES. A CONSULTING FIRM SPECIALIZING IN EXECUTIVE COMPENSATION SPECIFIC TO COMPARABLE NON-PROFIT ORGANIZATIONS IS ENGAGED TO CONDUCT PERIODIC COMPENSATION ANALYSIS. SUCH ANALYSIS INCLUDES REVIEWS OF LIKE ORGANIZATION 990'S AND OTHER COMPENSATION STUDY/SURVEYS. THE RESULTS OF THE ANALYSIS ARE PRESENTED TO THE HUMAN RESOURCES BOARD COMMITTEE FOR APPROVAL AT THE ANNUAL JOINT MEETING OF THE EXECUTIVE AND HUMAN RESOURCES COMMITTEES. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS IS KEPT.