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Nonprofiteer
← CHILDREN AT HEART FOUNDATION

Form 990 for tax year 2022

Filed by CHILDREN AT HEART FOUNDATION.

Totals

Total revenue
$17,432,136
Total expenses
$7,473,082
Contributions and grants received
$7,381,255
Grants paid
$7,182,611
Program service revenue
$0
Investment income
$10,043,969
Other revenue
$6,912
Total assets, end of year
$127,346,785
Total liabilities, end of year
$2,913,294
Net assets or fund balances, end of year
$124,433,491
Program services expenses (Part IX)
$7,182,611
Management and general expenses
$290,471
Fundraising expenses
$0
Program service expenses (Part III)
$7,182,611

Program services were 96.1% 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

    $7,381,255

  • 1g · Noncash contributions included above

    $150,326

  • 3 · Investment income

    total $7,563,488 · excluded $7,563,488

  • 6a · Gross rents

    real property $6,912

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,912

  • 6d · Net rental income or loss

    total $6,912 · excluded $6,912

  • 7a · Gross sales of assets other than inventory

    securities $7,165,187

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

    securities $4,684,706

  • 7c · Gain or loss

    securities $2,480,481

  • 7d · Net gain or loss

    total $2,480,481 · excluded $2,480,481

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,042,731 · program services $7,042,731

  • 2 · Grants to domestic individuals

    total $139,880 · program services $139,880

  • 11c · Fees: accounting

    total $39,180 · management and general $39,180

  • 11f · Fees: investment management

    total $227,110 · management and general $227,110

  • 23 · Insurance

    total $4,167 · management and general $4,167

  • 24e · All other expenses

    total $20,014 · management and general $20,014

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,193,006 · end of year $5,757,538

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,704 · end of year $2,927

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

    $8,555,091

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

    $277,072

  • 10c · Land, buildings and equipment, net

    beginning of year $6,805,070 · end of year $8,278,019

  • 11 · Investments: publicly traded securities

    beginning of year $136,499 · end of year $51,026

  • 12 · Investments: other securities

    beginning of year $104,910,520 · end of year $98,487,979

  • 15 · Other assets

    beginning of year $2,200,015 · end of year $14,769,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,916 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,565,491 · end of year $2,913,294

  • 27 · Net assets without donor restrictions

    beginning of year $70,151,291 · end of year $65,860,956

  • 28 · Net assets with donor restrictions

    beginning of year $46,526,116 · end of year $58,572,535

Mission and programs · 2022

Mission

MANAGE ENDOWED FUNDS AND DISTRIBUTE OPERATIONAL GRANTS TO ENSURE LONG-TERM FINANCIAL STABILITY FOR A FAMILY OF NONPROFIT MINISTRIES.

  • THE CHILDREN AT HEART FOUNDATION (CAHF) ENSURES THE LONG-TERM FINANCIAL STABILITY OF A FAMILY OF NONPROFIT MINISTRIES, INCLUDING: CHILDREN AT HEART MINISTRIES, TEXAS BAPTIST CHILDREN'S HOME, MIRACLE FARM, AND GRACEWOOD. THESE MINISTRIES ARE DEDICATED TO TRANSFORMING THE LIVES OF VULNERABLE CHILDREN AND FAMILIES BY PROVIDING THEM WITH THE SUPPORT AND STRUCTURE THEY NEED TO FIND HOPE, HEAL, AND PUT THEIR LIVES BACK ON TRACK. CAHF SERVES THE MINISTRIES BY MANAGING ENDOWED FUNDS AND DISTRIBUTING GRANTS FOR OPERATIONAL SUPPORT.

    Expenses $7,182,611 · Grants $7,182,611

As filed on the 2022 return.

Listed in Part VII

  • Jay Williams

    CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hector De Leon

    VICE CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Calvin Lee

    SECRETARY & TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Linda Bebee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Charles Boyd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Buddy Ferguson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Troy Gaddie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Todd Roberson

    PRESIDENT

    Total calculated
    $272,106
    From this org
    $0
    From related orgs
    $228,480
    Other
    $43,626
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,110 related
    Bonus
    $0
    Other
    $0 + $5,370 related
    Deferred
    $0 + $22,283 related
    Nontaxable benefits
    $0 + $21,343 related
    Filer's total
    $0 + $272,106 related

  • Kirk Kriegel

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $243,562
    From this org
    $0
    From related orgs
    $200,174
    Other
    $43,388
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,174 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,193 related
    Nontaxable benefits
    $0 + $23,195 related
    Filer's total
    $0 + $243,562 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
9 November 2023
IRS schema version
2022v5.0
Source object
202343179349304704

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