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← CHILDRENS HOME SOCIETY FOUNDATION INC

Form 990 for tax year 2024

Filed by CHILDRENS HOME SOCIETY FOUNDATION INC.

Totals

Total revenue
$1,018,758
Total expenses
$101,698
Contributions and grants received
$1,962
Grants paid
$0
Program service revenue
$0
Investment income
$1,016,796
Other revenue
$0
Total assets, end of year
$28,482,971
Total liabilities, end of year
$24,484
Net assets or fund balances, end of year
$28,458,487
Program services expenses (Part IX)
$0
Management and general expenses
$92,275
Fundraising expenses
$9,423
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,962

  • 3 · Investment income

    total $716,109 · excluded $716,109

  • 7a · Gross sales of assets other than inventory

    securities $300,687

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

    securities $0

  • 7c · Gain or loss

    securities $300,687

  • 7d · Net gain or loss

    total $300,687 · excluded $300,687

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $59,215 · management and general $59,215

  • 11g · Fees: other

    total $33,060 · management and general $33,060

  • 13 · Office expenses

    total $9,423 · fundraising $9,423

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $660,918 · end of year $636,587

  • 2 · Savings and temporary cash investments

    beginning of year $628,228 · end of year $884,930

  • 3 · Pledges and grants receivable

    beginning of year $410 · end of year $192

  • 4 · Accounts receivable

    beginning of year $43,670 · end of year $34,179

  • 7 · Other notes and loans receivable

    beginning of year $111,243 · end of year $24,484

  • 11 · Investments: publicly traded securities

    beginning of year $22,679,796 · end of year $24,945,336

  • 15 · Other assets

    beginning of year $1,867,561 · end of year $1,957,263

  • 23 · Secured mortgages and notes payable

    beginning of year $111,243 · end of year $24,484

  • 25 · Other liabilities

    beginning of year $3,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $25,298,990 · end of year $27,879,894

  • 28 · Net assets with donor restrictions

    beginning of year $578,593 · end of year $578,593

Mission and programs · 2024

Mission

THE CHILDREN'S HOME SOCIETY FOUNDATION, INC.'S PRIMARY PURPOSE IS TO RECEIVE, SOLICIT, ACCUMULATE, HOLD AND INVEST FUNDS CONTRIBUTED FOR THE SUPPORT OF THE CHILDREN'S HOME SOCIETY OF NORTH CAROLINA, INC., AND TO USE SUCH FUNDS SOLELY FOR SUCH SUPPORT.

Activities or mission (Part I)

TO HOLD & INVEST FUNDS CONTRI-BUTED TO SUPPORT THE CHILDREN'S HOME SOCIETY OF NORTH CAROLINA, INC.

  • SUPPORTING ORGANIZATION OF CHILDREN'S HOME SOCIETY OF NORTH CAROLINA, INC., A RELATED 501(C)(3) ORGANIZATION.

As filed on the 2024 return.

Listed in Part VII

  • Mary Sheppard

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lee Youngblood

    PAST CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Maness

    SECRETARY/TREASURER

    Total calculated
    $479,271
    From this org
    $0
    From related orgs
    $386,893
    Other
    $92,378
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,893 related
    Bonus
    $0 + $70,000 related
    Other
    $0
    Deferred
    $0 + $81,500 related
    Nontaxable benefits
    $0 + $10,878 related
    Filer's total
    $0 + $479,271 related

  • David Shuford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Tucker Andrews

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Vicki Barringer

    ASSISTANT TREASURER

    Total calculated
    $202,942
    From this org
    $0
    From related orgs
    $189,762
    Other
    $13,180
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,609 related
    Bonus
    $0 + $16,153 related
    Other
    $0
    Deferred
    $0 + $10,552 related
    Nontaxable benefits
    $0 + $2,628 related
    Filer's total
    $0 + $202,942 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

No itemized grants to organizations 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.

  • CHILDREN'S HOME SOCIETY OF NORTH CAROLINA INC

    501(C)(3) · FOSTER CARE AND ADOPTION SERVICES · NC

Provenance

Return type
form_990
Tax year
2024
Filed
16 December 2025
IRS schema version
2024v5.2
Source object
202523509349300237

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