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← CHILDRENS FUNDING PROJECT

Form 990 for tax year 2022

Filed by CHILDRENS FUNDING PROJECT.

Totals

Total revenue
$3,053,705
Total expenses
$2,815,794
Contributions and grants received
$2,035,422
Grants paid
$49,000
Program service revenue
$1,004,922
Investment income
$13,361
Other revenue
$0
Total assets, end of year
$4,163,362
Total liabilities, end of year
$138,788
Net assets or fund balances, end of year
$4,024,574
Program services expenses (Part IX)
$2,251,850
Management and general expenses
$561,212
Fundraising expenses
$2,732
Program service expenses (Part III)
$2,251,850

Program services were 80.0% 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.

  • 1e · Government grants (contributions)

    $19,000

  • 1f · All other contributions, gifts and grants

    $2,016,422

  • 2a · Program service revenue: CONSULTING FEES

    total $769,152 · related or exempt $769,152

  • 2b · Program service revenue: MANAGEMENT FEES

    total $235,770 · related or exempt $235,770

  • 3 · Investment income

    total $13,361 · excluded $13,361

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,000 · program services $49,000

  • 5 · Compensation of officers, directors and key employees

    total $187,864 · program services $141,097 · management and general $46,522 · fundraising $245

  • 7 · Other salaries and wages

    total $1,179,834 · program services $886,130 · management and general $292,167 · fundraising $1,537

  • 8 · Pension plan contributions

    total $33,416 · program services $25,097 · management and general $8,275 · fundraising $44

  • 9 · Other employee benefits

    total $167,077 · program services $125,485 · management and general $41,374 · fundraising $218

  • 10 · Payroll taxes

    total $110,147 · program services $82,727 · management and general $27,276 · fundraising $144

  • 11b · Fees: legal

    total $11,444 · management and general $11,444

  • 11c · Fees: accounting

    total $83,325 · management and general $83,325

  • 11g · Fees: other

    total $889,921 · program services $875,548 · management and general $14,373

  • 12 · Advertising and promotion

    total $500 · fundraising $500

  • 13 · Office expenses

    total $17,606 · program services $12,666 · management and general $4,920 · fundraising $20

  • 14 · Information technology

    total $11,545 · program services $375 · management and general $11,170

  • 16 · Occupancy

    total $1,675 · program services $237 · management and general $1,438

  • 17 · Travel

    total $32,822 · program services $30,292 · management and general $2,530

  • 19 · Conferences, conventions and meetings

    total $15,484 · program services $11,748 · management and general $3,724 · fundraising $12

  • 22 · Depreciation, depletion and amortization

    total $4,911 · program services $3,688 · management and general $1,217 · fundraising $6

  • 23 · Insurance

    total $14,676 · program services $4,345 · management and general $10,331

  • 24e · All other expenses

    total $4,547 · program services $3,415 · management and general $1,126 · fundraising $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,053,545 · end of year $2,915,469

  • 2 · Savings and temporary cash investments

    beginning of year $372,305 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $2,256,025 · end of year $1,030,565

  • 4 · Accounts receivable

    beginning of year $164,936 · end of year $189,393

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,220 · end of year $4,760

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

    $17,540

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

    $4,998

  • 10c · Land, buildings and equipment, net

    beginning of year $1,499 · end of year $12,542

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,867 · end of year $121,875

  • 19 · Deferred revenue

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

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $257,851 · end of year $401,149

  • 28 · Net assets with donor restrictions

    beginning of year $3,528,812 · end of year $3,623,425

Mission and programs · 2022

Mission

CHILDREN'S FUNDING PROJECT HELPS COMMUNITIES AND STATES EXPAND EQUITABLE OPPORTUNITIES FOR CHILDREN AND YOUTH THROUGH STRATEGIC PUBLIC FINANCING.

Activities or mission (Part I)

BUILDING THE CAPACITY OF COMMUNITIES TO CLOSE EQUITY & OPPORTUNITY GAPS FOR CHILDREN AND YOUTH BY EFFECTIVELY LEVERAGING EXISTING FUNDING, GENERATING NEW REVENUE, & DEVELOPING COLLABORATIVE INFRASTRUCTURE TO ADMINISTER FUNDS IN A COORDINATED FASHION.

  • CHILDREN'S FUNDING PROJECT PROVIDES HANDS-ON TECHNICAL ASSISTANCE, RESOURCES, AND OTHER SERVICES THAT HELP ADVOCATES, POLICYMAKERS, PUBLIC AGENCIES, AND FUNDERS IDENTIFY AND ALIGN EXISTING FUNDING, GENERATE NEW REVENUE, AND IMPLEMENT STRATEGIES TO ADMINISTER FUNDS IN WAYS THAT HELP ALL CHILDREN AND YOUTH THRIVE.

    Expenses $2,251,850 · Grants $49,000 · Revenue $1,004,922

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth Gaines

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $187,864
    From this org
    $169,493
    From related orgs
    $0
    Other
    $18,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,493
    Bonus
    $0
    Other
    $0
    Deferred
    $4,808
    Nontaxable benefits
    $13,563
    Filer's total
    $187,864

  • 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

  • Karen Pittman

    VICE CHAIR (THRU 12/2022)

    Total calculated
    $0
    Hours/week
    1

  • Thomas Devaney

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $170,947
    From this org
    $138,621
    From related orgs
    $0
    Other
    $32,326
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,621
    Bonus
    $0
    Other
    $0
    Deferred
    $5,761
    Nontaxable benefits
    $26,565
    Filer's total
    $170,947

  • 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

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
2022
Filed
11 October 2023
IRS schema version
2022v5.0
Source object
202312919349300836

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