Skip to content
Nonprofiteer
← CHILDREN & FAMILIES FIRST ENDOWMENT INC

Form 990 for tax year 2022

Filed by CHILDREN & FAMILIES FIRST ENDOWMENT INC.

Totals

Total revenue
$91,394
Total expenses
$19,628
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$91,394
Other revenue
$0
Total assets, end of year
$3,095,891
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,095,891
Program services expenses (Part IX)
$0
Management and general expenses
$19,628
Fundraising expenses
$0
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.

  • 3 · Investment income

    total $91,394 · excluded $91,394

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $19,628 · management and general $19,628

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $3,625,506 · end of year $3,095,891

  • 27 · Net assets without donor restrictions

    beginning of year $3,001,683 · end of year $2,472,068

  • 28 · Net assets with donor restrictions

    beginning of year $623,823 · end of year $623,823

Mission and programs · 2022

Mission

CHILDREN & FAMILIES FIRST ENDOWMENT INC.'S (CFFE) SOLE PURPOSE IS TO ACT EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CHILDREN & FAMILIES FIRST DELAWARE INC., AN ORGANIZATION DESCRIBED IN SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE ACTIVITIES OF CFFE WILL BE TO HOLD AND MANAGE THE ENDOWMENT ASSETS OF CHILDREN AND FAMILIES FIRST DELAWARE INC. ADDITIONALLY, CFFE WILL ENGAGE IN A VARIETY OF FUNDRAISING ACTIVITIES WHICH MAY INCLUDE FOUNDATION, CORPORATE AND INDIVIDUAL SOLICITATIONS AND SPECIAL EVENTS. PROCEEDS FROM ACTIVITIES OF THE CORPORATION WILL EITHER BE REINVESTED IN THE ENDOWMENT FOR FUTURE USE BY CHILDREN & FAMILIES FIST DELAWARE INC. OR DISTRIBUTED TO CHILDREN & FAMILIES FIRST DELAWARE INC. TO BE USED IN FURTHERANCE OF ITS EXEMPT PURPOSE.

Activities or mission (Part I)

CHILDREN & FAMILIES FIRST ENDOWMENT INC.'S (CFFE) SOLE PURPOSE IS TO ACT EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CHILDREN & FAMILIES FIRST DELAWARE INC., AN ORGANIZATION DESCRIBED IN SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE ACTIVITIES OF CFFE WILL BE TO HOLD AND MANAGE THE ENDOWMENT ASSETS OF CHILDREN AND FAMILIES FIRST DELAWARE INC. ADDITIONALLY, CFFE WILL ENGAGE IN A VARIETY OF FUNDRAISING ACTIVITIES WHICH MAY INCLUDE FOUNDATION, CORPORATE AND INDIVIDUAL SOLICITATIONS AND SPECIAL EVENTS. PROCEEDS FROM ACTIVITIES OF THE CORPORATION WILL EITHER BE REINVESTED IN THE ENDOWMENT FOR FUTURE USE BY CHILDREN & FAMILIES FIRST DELAWARE INC. OR DISTRIBUTED TO CHILDREN & FAMILIES FIRST DELAWARE INC. TO BE USED IN FURTHERANCE OF ITS EXEMPT PURPOSE.

  • NONE

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole Magnusson

    MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Jeffery S Sills

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • William N Britton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Paul L McCommons

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • William Bowlsbey

    MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • John Wood

    CFO/ADMINISTRATIVE OFFICER

    Total calculated
    $156,790
    From this org
    $0
    From related orgs
    $141,610
    Other
    $15,180
    Hours/week
    5 + 32.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,610 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,180 related
    Filer's total
    $0 + $156,790 related

  • Kirsten Olson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $204,031
    From this org
    $0
    From related orgs
    $186,873
    Other
    $17,158
    Hours/week
    5 + 32.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,873 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,158 related
    Filer's total
    $0 + $204,031 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

  • 3 · Approval by the board or compensation committee

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 AND FAMILIES FIRST DELAWARE INC

    501(C)(3) · CHARITABLE SERVICES FOR NEEDY CHILDREN AND FAMILIES IN DELAWARE · DE

  • B2W2 INC

    501(C)(3) · SUPPORTING ORGANIZATION TO CHILDREN AND FAMILIES FIRST DELAWARE INC. · DE

    Directly controlled by CHILDREN AND FAMILIES FIRST DELAWARE INC

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202333069349300018

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.