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Nonprofiteer
← HEDGE FUNDS CARE INC

Form 990 for tax year 2022

Filed by HEDGE FUNDS CARE INC.

Totals

Total revenue
$1,580,029
Total expenses
$1,391,442
Contributions and grants received
$2,178,340
Grants paid
$683,345
Program service revenue
$0
Investment income
$0
Other revenue
-$598,311
Total assets, end of year
$2,688,236
Total liabilities, end of year
$419,933
Net assets or fund balances, end of year
$2,268,303
Program services expenses (Part IX)
$931,775
Management and general expenses
$254,733
Fundraising expenses
$204,934
Program service expenses (Part III)
$931,775

Program services were 67.0% 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.

  • 1c · Fundraising events

    $1,651,508

  • 1f · All other contributions, gifts and grants

    $526,832

  • 8a · Fundraising events: gross income

    $174,320

  • 8a · Fundraising events: contributions included on line 1c

    $1,651,508

  • 8b · Fundraising events: direct expenses

    $855,564

  • 8c · Net income from fundraising events

    total -$681,244 · excluded -$681,244

  • 9a · Gaming: gross income

    $170,685

  • 9b · Gaming: direct expenses

    $87,752

  • 9c · Net income from gaming

    total $82,933 · excluded $82,933

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $683,345 · program services $683,345

  • 5 · Compensation of officers, directors and key employees

    total $157,339 · program services $69,964 · management and general $31,145 · fundraising $56,230

  • 7 · Other salaries and wages

    total $240,011 · program services $106,728 · management and general $47,510 · fundraising $85,773

  • 8 · Pension plan contributions

    total $29,659 · program services $13,189 · management and general $5,871 · fundraising $10,599

  • 9 · Other employee benefits

    total $35,185 · program services $15,646 · management and general $6,965 · fundraising $12,574

  • 10 · Payroll taxes

    total $31,544 · program services $14,027 · management and general $6,244 · fundraising $11,273

  • 11c · Fees: accounting

    total $49,980 · management and general $49,980

  • 11g · Fees: other

    total $29,039 · program services $107 · management and general $28,846 · fundraising $86

  • 13 · Office expenses

    total $28,379 · program services $1,223 · management and general $26,174 · fundraising $982

  • 16 · Occupancy

    total $37,000 · program services $16,453 · management and general $7,324 · fundraising $13,223

  • 17 · Travel

    total $2,379 · management and general $778 · fundraising $1,601

  • 22 · Depreciation, depletion and amortization

    total $1,527 · management and general $1,527

  • 23 · Insurance

    total $25,247 · program services $11,093 · management and general $5,239 · fundraising $8,915

  • 24a · Other expenses: BAD DEBTS

    total $29,350 · management and general $29,350

  • 24b · Other expenses: LICENSES & FEE

    total $40 · management and general $40

  • 24e · All other expenses

    total $11,418 · management and general $7,740 · fundraising $3,678

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $822,880 · end of year $952,262

  • 2 · Savings and temporary cash investments

    beginning of year $884,577 · end of year $883,254

  • 4 · Accounts receivable

    beginning of year $389,451 · end of year $445,988

  • 9 · Prepaid expenses and deferred charges

    beginning of year $229,595 · end of year $185,668

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

    $83,017

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

    $70,370

  • 10c · Land, buildings and equipment, net

    beginning of year $13,259 · end of year $12,647

  • 15 · Other assets

    beginning of year $325,660 · end of year $208,417

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,878 · end of year $73,260

  • 18 · Grants payable

    beginning of year $479,879 · end of year $346,673

  • 19 · Deferred revenue

    beginning of year $40,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,083,665 · end of year $2,268,303

Mission and programs · 2022

Mission

THE PRINCIPAL MISSION OF HEDGE FUNDS CARE IS TO SUPPORT EFFORTS TO PREVENT AND TREAT CHILD ABUSE. HEDGE FUNDS CARE IS A CHARITY RAISING FUNDS AND AWARENESS WITHIN THE HEDGE FUND INDUSTRY. THROUGH ITS REGIONAL AND INTERNATIONAL FUNDRAISING EVENTS, GENERALLY, FUNDS RAISED AT EACH EVENT WITHIN THE LOCAL REGION ARE GRANTED OUT TO ORGANIZATIONS SELECTED AND EVALUATED ON THE BASIS OF THEIR ABILITY TO ADDRESS CHILD ABUSE.

Activities or mission (Part I)

HFC IS A CHARITY WHOSE PRINCIPAL MISSION IS TO SUPPORT EFFORTS TO PREVENT AND TREAT CHILD ABUSE.

  • FUNDS DISBURSED TO AGENCIES THAT SPECIALIZE IN THE PREVENTION AND TREATMENT OF CHILD ABUSE.

    Expenses $931,775 · Grants $683,345

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

Listed in Part VII

  • ALICE HACKETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARON JACOB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BASIL GODELLAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BETH WIENER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER ZABACK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID MULLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEAN BACKER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    7

  • DON STEINBRUGGE

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDWARD DOUGHERTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIC ROPER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GEOFF RUDDICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GLEN DAILEY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • INGRID PIERCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACK INGLIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY PELLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER COLLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOEL PRESS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN BROADHURST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN TAVSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN BARRETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH FISHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH PATELLARO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KARA FRIEDENBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN SHANNON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LANCE ZINMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LUCINDA HISLOP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK BELLIAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK SALAMEH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW STOVER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL VRANOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKAEL JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATALIE DEAK JAROS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PETER NAISMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RHONDA ELDRIDGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT LEONARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MIRSKY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SCHULTZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • ROB DAVIS

    FOUNDER & CHAIRMAN EMERITU

    Total calculated
    $0
    Hours/week
    1

  • SARAH DAVIDOFF

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TODD GOLDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VANESSA HEMAVATHI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM HAGGERTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM TAGGART JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROSELLE POLO

    CONTROLLER

    Total calculated
    $0
    Hours/week
    40

  • SUMUDU WAAS

    EXECUTIVE DIRECTOR/COO

    Total calculated
    $171,839
    From this org
    $144,912
    From related orgs
    $0
    Other
    $26,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,912
    Bonus
    $0
    Other
    $0
    Deferred
    $14,500
    Nontaxable benefits
    $12,427
    Filer's total
    $171,839

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 committee
  • 3 · Form 990 of other organizations
  • 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

  • FAMILY PATHS INC

    $50,000

    TO REDUCE AND PREVENT CHILD ABUSE AND NEGLECT AND IMPROVE THE OVERALL WELLBEING OF CHILDREN AND FAMILIES BY PROMOTING AND STRENGTHENING THE PROTECTIVE FACTORS, EFFECTIVE CO-PARENTING AND COMMUNICATION SKILLS AND POSITIVE PARENTING STRATEGIES.

  • LA CASA DE LAS MADRES

    $50,000

    TO EMPOWER 190 DOMESTIC SURVIVORS OF ALL AGES (75 FAMILIES) WITH HOPE, SUPPORT, AND RESOURCES TO BUILD AND SUSTAIN HEALTHY, VIBRANT, JOYFUL LIVES FREE FROM VIOLENCE AND ABUSE.

  • THE KOREAN-AMERICAN FAMILY SERVICE CENTER INC

    $30,000

    DECREASING RISKS

  • FOSTERING CHANGE FOR CHILDREN (FCFC)

    $30,000

    TO IMPROVE SAFETY & PERMANENCY OUTCOMES FOR CHILDREN, YOUTH & FAMILIES, TO INCREASE RETENTION OF FRONTLINE CHILD WELFARE PROFESSIONALS, TO INFUSE CHILD WELFARE & HUMAN SERVICE SYSTEMS WITH FUTURE LEADERS

  • COURT APPOINTED SPECIAL ADVOCATES OF NEW YORK CITY

    $30,000

    TO INCREASE THE SAFETY AND STABILITY OF PREGNANT AND PARENTING YOUTH AND THEIR YOUNG FAMILIES, AND TO REDUCE THE RISK OF CHILD ABUSE/NEGLECT AND FOSTER CARE PLACEMENT OF CHILDREN BORN TO YOUTH WHO HAVE EXPERIENCED FOSTER CARE.

  • GRAHAM WINDHAM

    $30,000

    STRENGTHENING FAMILIES

  • DEIRDRE O'BRIEN CHILD ADVOCACY CENTER INC

    $30,000

    TO REDUCE SYMPTOMOLOGY (I.E. SELF-HARM, SEXUALIZED BEHAVIOR, SUICIDAL IDEATION), PREVENTING REVICTIMIZATION, AND SUCCESSFULLY ELIMINATING SIGNS OF TRAUMA IN CHILD VICTIMS.

  • THE NEW YORK FOUNDLING

    $30,000

    STRENGTHENING FAMILIES

  • THE CHILD CENTER OF NY

    $30,000

    STRENGTHENING FAMILIES

  • BLYTHEDALE CHILDREN'S HOSPITAL

    $30,000

    THE OVERALL GOAL OF THE PEONY PROJECT IS TO PROVIDE INTENSIVE CHILD LIFE SERVICES TO PATIENTS AT BLYTHEDALE WHO HAVE EXPERIENCED ABUSE AND/OR NEGLECT. BY EXTENSION, THE PROGRAM ALSO PROVIDES SUPPORT TO THE CHILD'S PARENTS, CAREGIVERS, OR FOSTER FAMILY.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349329318

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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