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Nonprofiteer
← CHILDRENS FUNDING PROJECT

Form 990 for tax year 2023

Filed by CHILDRENS FUNDING PROJECT.

Totals

Total revenue
$5,557,498
Total expenses
$3,700,825
Contributions and grants received
$4,733,268
Grants paid
$10,070
Program service revenue
$687,483
Investment income
$136,747
Other revenue
$0
Total assets, end of year
$5,932,940
Total liabilities, end of year
$51,693
Net assets or fund balances, end of year
$5,881,247
Program services expenses (Part IX)
$2,909,567
Management and general expenses
$782,998
Fundraising expenses
$8,260
Program service expenses (Part III)
$2,909,567

Program services were 78.6% 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

    $4,733,268

  • 2a · Program service revenue: CONSULTING FEES

    total $509,086 · related or exempt $509,086

  • 2b · Program service revenue: MANAGEMENT FEES

    total $178,397 · related or exempt $178,397

  • 3 · Investment income

    total $136,747 · excluded $136,747

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,070 · program services $10,070

  • 5 · Compensation of officers, directors and key employees

    total $226,774 · program services $169,167 · management and general $57,290 · fundraising $317

  • 7 · Other salaries and wages

    total $1,772,142 · program services $1,321,969 · management and general $447,697 · fundraising $2,476

  • 8 · Pension plan contributions

    total $50,367 · program services $37,573 · management and general $12,724 · fundraising $70

  • 9 · Other employee benefits

    total $201,903 · program services $150,614 · management and general $51,007 · fundraising $282

  • 10 · Payroll taxes

    total $157,271 · program services $117,320 · management and general $39,731 · fundraising $220

  • 11b · Fees: legal

    total $18,153 · management and general $18,153

  • 11c · Fees: accounting

    total $45,974 · management and general $45,974

  • 11g · Fees: other

    total $990,532 · program services $927,602 · management and general $58,121 · fundraising $4,809

  • 13 · Office expenses

    total $82,569 · program services $74,829 · management and general $7,702 · fundraising $38

  • 14 · Information technology

    total $16,490 · program services $574 · management and general $15,916

  • 16 · Occupancy

    total $1,960 · program services $143 · management and general $1,817

  • 17 · Travel

    total $79,191 · program services $73,000 · management and general $6,191

  • 19 · Conferences, conventions and meetings

    total $19,216 · program services $14,792 · management and general $4,399 · fundraising $25

  • 22 · Depreciation, depletion and amortization

    total $11,198 · program services $8,352 · management and general $2,829 · fundraising $17

  • 23 · Insurance

    total $12,919 · program services $507 · management and general $12,412

  • 24e · All other expenses

    total $4,096 · program services $3,055 · management and general $1,035 · fundraising $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,915,469 · end of year $5,178,999

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $24,133

  • 3 · Pledges and grants receivable

    beginning of year $1,030,565 · end of year $521,518

  • 4 · Accounts receivable

    beginning of year $189,393 · end of year $155,392

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,760 · end of year $27,022

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

    $42,072

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

    $16,196

  • 10c · Land, buildings and equipment, net

    beginning of year $12,542 · end of year $25,876

  • 15 · Other assets

    beginning of year $10,633 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,875 · end of year $27,560

  • 19 · Deferred revenue

    beginning of year $6,280 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,633 · end of year $24,133

  • 27 · Net assets without donor restrictions

    beginning of year $401,149 · end of year $3,891,632

  • 28 · Net assets with donor restrictions

    beginning of year $3,623,425 · end of year $1,989,615

Mission and programs · 2023

Mission

WE HELP COMMUNITIES AND STATES EXPAND EQUITABLE OPPORTUNITIES FOR CHILDREN AND YOUTH THROUGH STRATEGIC PUBLIC FINANCING

  • CHILDREN'S FUNDING PROJECT PROVIDES TECHNICAL ASSISTANCE AND RESOURCES THAT HELP COMMUNITIES, STATES, NATIVE NATIONS, AND NATIONAL PARTNERS MAINTAIN EQUITABLE, COORDINATED, AND SUSTAINABLE FUNDING FOR COMPREHENSIVE PROGRAMS AND SERVICES FOR CHILDREN AND YOUTH

    Expenses $2,909,567 · Grants $10,070 · Revenue $687,483

As filed on the 2023 return.

Listed in Part VII

  • Ryan Lugalia-Hollon

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Harriet Dichter

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Vikki Frank

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ed Harrington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Segovia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Gaines

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $193,744
    From this org
    $172,998
    From related orgs
    $0
    Other
    $20,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,998
    Bonus
    $0
    Other
    $0
    Deferred
    $7,388
    Nontaxable benefits
    $13,358
    Filer's total
    $193,744

  • Thomas Devaney

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $187,245
    From this org
    $154,095
    From related orgs
    $0
    Other
    $33,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,095
    Bonus
    $0
    Other
    $0
    Deferred
    $5,079
    Nontaxable benefits
    $28,071
    Filer's total
    $187,245

  • Alicia M Wilson-Ahlstrom

    DIRECTOR FOR APPLIED RESEARCH AND LEARNING

    Total calculated
    $140,803
    From this org
    $123,777
    From related orgs
    $0
    Other
    $17,026
    Hours/week
    40

  • Olivia W Allen

    CO-FOUNDER AND VICE PRESIDENT

    Total calculated
    $113,816
    From this org
    $108,492
    From related orgs
    $0
    Other
    $5,324
    Hours/week
    40

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 · Compensation survey or study
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433169349305373

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