Skip to content
Nonprofiteer
← CHILDRENS HUNGER FUND LEGACY FOUNDATION

Form 990 for tax year 2022

Filed by CHILDRENS HUNGER FUND LEGACY FOUNDATION.

Totals

Total revenue
$5,203,819
Total expenses
$3,216,648
Contributions and grants received
$5,178,018
Grants paid
$3,155,000
Program service revenue
$0
Investment income
$25,801
Other revenue
$0
Total assets, end of year
$17,680,064
Total liabilities, end of year
$723,205
Net assets or fund balances, end of year
$16,956,859
Program services expenses (Part IX)
$3,159,200
Management and general expenses
$56,048
Fundraising expenses
$1,400
Program service expenses (Part III)
$3,159,200

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $3,064

  • 1d · Related organizations

    $155,000

  • 1f · All other contributions, gifts and grants

    $5,019,954

  • 3 · Investment income

    total $207,178 · excluded $207,178

  • 7a · Gross sales of assets other than inventory

    securities $2,770,089

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

    securities $2,951,466

  • 7c · Gain or loss

    securities -$181,377

  • 7d · Net gain or loss

    total -$181,377 · excluded -$181,377

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,155,000 · program services $3,155,000

  • 7 · Other salaries and wages

    total $14,000 · program services $4,200 · management and general $8,400 · fundraising $1,400

  • 9 · Other employee benefits

    total $3,621 · management and general $3,621

  • 11b · Fees: legal

    total $120 · management and general $120

  • 11c · Fees: accounting

    total $16,485 · management and general $16,485

  • 11f · Fees: investment management

    total $26,129 · management and general $26,129

  • 13 · Office expenses

    total $603 · management and general $603

  • 14 · Information technology

    total $690 · management and general $690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,014,080 · end of year $232,174

  • 2 · Savings and temporary cash investments

    beginning of year $10,280,546 · end of year $2,803,650

  • 9 · Prepaid expenses and deferred charges

    beginning of year $345 · end of year $4,358

  • 11 · Investments: publicly traded securities

    beginning of year $4,205,008 · end of year $14,430,571

  • 12 · Investments: other securities

    beginning of year $26,809 · end of year $209,311

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,565

  • 25 · Other liabilities

    beginning of year $396,559 · end of year $723,205

  • 27 · Net assets without donor restrictions

    beginning of year $1,766,782 · end of year $1,909,754

  • 28 · Net assets with donor restrictions

    beginning of year $13,360,882 · end of year $15,047,105

Mission and programs · 2022

Mission

The Children's Hunger Fund Legacy Foundation receives gifts and manages the endowment to provide financial support for Children's Hunger Fund's mission to deliver hope to suffering children by equipping local churches for gospel-centered mercy ministry.

Activities or mission (Part I)

Support the global ministry programs and vision of Children's Hunger Fund

  • Children's Hunger Fund Legacy Foundation supports Children's Hunger Fund by receiving, managing, and distributing assets to Children's Hunger Fund to assist in carrying out and executing its programs.

    Expenses $3,159,200 · Grants $3,155,000

As filed on the 2022 return.

Listed in Part VII

  • David Phillips

    President

    Total calculated
    $279,754
    From this org
    $0
    From related orgs
    $219,328
    Other
    $60,426
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,328 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,958 related
    Nontaxable benefits
    $0 + $51,991 related
    Filer's total
    $0 + $280,277 related

  • Michael Richards

    Director

    Total calculated
    $196,746
    From this org
    $0
    From related orgs
    $155,428
    Other
    $41,318
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,428 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,021 related
    Nontaxable benefits
    $0 + $36,048 related
    Filer's total
    $0 + $197,497 related

  • Steve McCormick

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dick Griffith

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Del Owyoung

    Treasurer & Secretary

    Total calculated
    $0
    Hours/week
    1

  • David Ryan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dan Gallagher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jason Hartung

    Vice President of Finance (CFO)

    Total calculated
    $192,723
    From this org
    $0
    From related orgs
    $146,222
    Other
    $46,501
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,222 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,018 related
    Nontaxable benefits
    $0 + $41,006 related
    Filer's total
    $0 + $193,246 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
24 August 2023
IRS schema version
2022v5.0
Source object
202332369349300618

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.