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Nonprofiteer
← THE CHILDRENS GUILD FOUNDATION INC

Form 990 for tax year 2023

Filed by THE CHILDRENS GUILD FOUNDATION INC.

Totals

Total revenue
$1,093,487
Total expenses
$984,624
Contributions and grants received
$57,839
Grants paid
$548,016
Program service revenue
$0
Investment income
$1,035,648
Other revenue
$0
Total assets, end of year
$18,472,357
Total liabilities, end of year
$254,007
Net assets or fund balances, end of year
$18,218,350
Program services expenses (Part IX)
$794,761
Management and general expenses
$170,517
Fundraising expenses
$19,346
Program service expenses (Part III)
$794,761

Program services were 80.7% 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

    $57,839

  • 3 · Investment income

    total $416,793 · excluded $416,793

  • 7a · Gross sales of assets other than inventory

    securities $2,434,114

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

    securities $1,815,259

  • 7c · Gain or loss

    securities $618,855

  • 7d · Net gain or loss

    total $618,855 · excluded $618,855

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $548,016 · program services $548,016

  • 5 · Compensation of officers, directors and key employees

    total $152,743 · program services $137,469 · management and general $7,637 · fundraising $7,637

  • 7 · Other salaries and wages

    total $46,780 · program services $4,678 · management and general $42,102

  • 9 · Other employee benefits

    total $29,542 · program services $21,046 · management and general $7,365 · fundraising $1,131

  • 10 · Payroll taxes

    total $17,818 · program services $12,694 · management and general $4,442 · fundraising $682

  • 11c · Fees: accounting

    total $25,180 · management and general $25,180

  • 11f · Fees: investment management

    total $65,441 · management and general $65,441

  • 11g · Fees: other

    total $16,437 · management and general $6,541 · fundraising $9,896

  • 13 · Office expenses

    total $131 · program services $131

  • 16 · Occupancy

    total $17,934 · program services $16,141 · management and general $1,793

  • 19 · Conferences, conventions and meetings

    total $14,564 · program services $14,564

  • 22 · Depreciation, depletion and amortization

    total $1,398 · management and general $1,398

  • 23 · Insurance

    total $3,763 · management and general $3,763

  • 24a · Other expenses: Miscellaneous

    total $19,583 · program services $15,724 · management and general $3,859

  • 24b · Other expenses: Dues and subscriptions

    total $15,333 · program services $15,333

  • 24c · Other expenses: Communications

    total $9,961 · program services $8,965 · management and general $996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,052 · end of year $95,791

  • 4 · Accounts receivable

    beginning of year $17,232 · end of year $18,860

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,057 · end of year $3,337

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

    $14,056

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

    $11,527

  • 10c · Land, buildings and equipment, net

    beginning of year $898 · end of year $2,529

  • 11 · Investments: publicly traded securities

    beginning of year $16,584,649 · end of year $18,279,741

  • 15 · Other assets

    beginning of year $18,684 · end of year $72,099

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,752 · end of year $65,908

  • 18 · Grants payable

    beginning of year $332,068 · end of year $116,000

  • 25 · Other liabilities

    beginning of year $18,684 · end of year $72,099

  • 27 · Net assets without donor restrictions

    beginning of year $16,176,427 · end of year $18,136,709

  • 28 · Net assets with donor restrictions

    beginning of year $81,641 · end of year $81,641

Mission and programs · 2023

Mission

To support and advocate for health care, research, education and therapeutic recreation for children with special needs.

Activities or mission (Part I)

To support and advocate for health care, research, education, and therapeutic recreation for children with special needs.

  • The Children's Guild Foundaton seeks to effect change, provide opportunities and promote inclusion & diversity for children with special needs and their families. The Foundation conducts this work by advocating on behalf and funding 501(c)(3) organizations within the 8 counties of Western New York that provide programs and services for these children in the areas of healthcare, research, education and therapeutic recreation. The focus in these areas is on developmental disabilities, intellectual disabilities, medical conditions, mental health, learning disabilities and behavioral health issues.

    Expenses $794,761 · Grants $548,016

As filed on the 2023 return.

Listed in Part VII

  • Catherine A Gura

    President

    Total calculated
    $178,169
    From this org
    $162,574
    From related orgs
    $0
    Other
    $15,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,100
    Bonus
    $0
    Other
    $12,474
    Deferred
    $15,595
    Nontaxable benefits
    $0
    Filer's total
    $178,169

  • Daniel K Comerford

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Darci B Cramer PhD

    Vice Chair

    Total calculated
    $0
    Hours/week
    4

  • John H Edholm Sr

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Margaret M Zak

    Director

    Total calculated
    $0
    Hours/week
    4

  • Susan G Koessler

    Director

    Total calculated
    $0
    Hours/week
    2

  • Renee A Filip

    Director

    Total calculated
    $0
    Hours/week
    2

  • Wendy T Stahlka

    Director

    Total calculated
    $0
    Hours/week
    2

  • Colleen P Fahey Esq

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael L Gross

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lauren E Voigt

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Mark D Tompkins

    Director

    Total calculated
    $0
    Hours/week
    2

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

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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

The filer's explanations (Part III)

Part I, question 1.b.
The Board of Directors evaluates the CEO's compensation and taxable benefits, which includes membership of the CEO in a social club that is used for business and pleasure.

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
18 April 2025
IRS schema version
2023v6.0
Source object
202511189349301186

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