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Nonprofiteer
← CHILDRENS CENTER FOUNDATION

Form 990 for tax year 2023

Filed by CHILDRENS CENTER FOUNDATION.

Totals

Total revenue
$216,903
Total expenses
$62,368
Contributions and grants received
$1,001
Grants paid
$0
Program service revenue
$0
Investment income
$215,902
Other revenue
$0
Total assets, end of year
$9,100,078
Total liabilities, end of year
$6,702,690
Net assets or fund balances, end of year
$2,397,388
Program services expenses (Part IX)
$0
Management and general expenses
$62,368
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,001

  • 3 · Investment income

    total $296,445 · excluded $296,445

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

    securities $80,543

  • 7c · Gain or loss

    securities -$80,543

  • 7d · Net gain or loss

    total -$80,543 · excluded -$80,543

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $56,702 · management and general $56,702

  • 11g · Fees: other

    total $5,666 · management and general $5,666

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $69,967 · end of year $73,704

  • 4 · Accounts receivable

    beginning of year $5,654

  • 11 · Investments: publicly traded securities

    beginning of year $8,020,278 · end of year $8,961,467

  • 12 · Investments: other securities

    beginning of year $64,907 · end of year $64,907

  • 25 · Other liabilities

    beginning of year $6,702,690 · end of year $6,702,690

  • 27 · Net assets without donor restrictions

    beginning of year $865,252 · end of year $1,819,706

  • 28 · Net assets with donor restrictions

    beginning of year $592,864 · end of year $577,682

Mission and programs · 2023

Mission

None

Activities or mission (Part I)

Support the purposes and activities of The Children's Center, Inc.

  • The Children's Center Foundation was formed to operate exclusively for the benefit of The Children's Center, Inc. dba Bethany Children's Health Center, an Oklahoma not-for-profit corporation, which is a pediatric medical facility rendering residential care, medical treatment and rehabilitative therapy to multi-handicapped and chronically ill children.

As filed on the 2023 return.

Listed in Part VII

  • Kimberly Tilley

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Albert Gray

    Executive Chairman

    Total calculated
    $324,470
    From this org
    $0
    From related orgs
    $316,950
    Other
    $7,520
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,950 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,000 related
    Nontaxable benefits
    $0 + $4,895 related
    Filer's total
    $0 + $325,845 related

  • Nedra Funk

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ingrid Lewis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Al Litchenburg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lynn Mitchell MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jason Robinson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jared Snider

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ryan Tupps

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nico Gomez

    Vice Chairman & CEO

    Total calculated
    $357,447
    From this org
    $0
    From related orgs
    $333,346
    Other
    $24,101
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,346 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,000 related
    Nontaxable benefits
    $0 + $21,488 related
    Filer's total
    $0 + $358,834 related

  • Tom Richards

    CFO

    Total calculated
    $146,614
    From this org
    $0
    From related orgs
    $142,614
    Other
    $4,000
    Hours/week
    1 + 40 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

The filer's explanations (Part III)

Form 990, Schedule J, Part I, Line 3:
Compensation for the CEO is determined by The Children's Center, a related organization. The Children's Center uses one or more of the methods on line 3 to determine compensation.

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

No itemized grants to organizations 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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541349349309414

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