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Nonprofiteer
← CHILDRENS VILLAGE INSTITUTE

Form 990 for tax year 2022

Filed by CHILDRENS VILLAGE INSTITUTE.

Totals

Total revenue
$416,989
Total expenses
$1,079,245
Contributions and grants received
$0
Grants paid
$1,007,654
Program service revenue
$0
Investment income
$416,989
Other revenue
$0
Total assets, end of year
$16,089,058
Total liabilities, end of year
$4,394,821
Net assets or fund balances, end of year
$11,694,237
Program services expenses (Part IX)
$1,007,654
Management and general expenses
$71,591
Fundraising expenses
$0
Program service expenses (Part III)
$1,007,654

Program services were 93.4% 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.

  • 3 · Investment income

    total $253,648 · excluded $253,648

  • 7a · Gross sales of assets other than inventory

    securities $632,960

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

    securities $469,619

  • 7c · Gain or loss

    securities $163,341

  • 7d · Net gain or loss

    total $163,341 · excluded $163,341

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,007,654 · program services $1,007,654

  • 11f · Fees: investment management

    total $55,301 · management and general $55,301

  • 11g · Fees: other

    total $16,290 · management and general $16,290

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $469,601 · end of year $486,363

  • 7 · Other notes and loans receivable

    beginning of year $1,100,000 · end of year $1,100,000

  • 11 · Investments: publicly traded securities

    beginning of year $13,591,237 · end of year $14,502,695

  • 15 · Other assets

    beginning of year $16,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,500 · end of year $15,200

  • 25 · Other liabilities

    beginning of year $4,041,014 · end of year $4,379,621

  • 27 · Net assets without donor restrictions

    beginning of year $11,097,599 · end of year $11,670,512

  • 28 · Net assets with donor restrictions

    beginning of year $23,725 · end of year $23,725

Mission and programs · 2022

Mission

THE INSTITUTE'S PURPOSE IS TO ASSIST THE CHILDREN'S VILLAGE IN THE FURTHERANCE OF ITS CORPORATE PURPOSES, SUCH AS THE TREATMENT AND PREVENTION OF EMOTIONAL AND BEHAVIORAL PROBLEMS OF CHILDREN AND FAMILIES, OPERATING PROGRAMS THAT FURTHER SUCH PURPOSES, DISSEMINATING MODEL PROGRAMS OF THE CHILDREN'S VILLAGE, TRAINING OF THE CHILDREN'S VILLAGE'S STAFF MEMBERS, CONDUCTING FUNDRAISING ACTIVITIES, MAINTAINING AN ENDOWMENT FUND AND PROVIDING FINANCIAL AND OTHER FORMS OF ASSISTANCE AND SUPPORT. THE CHILDREN'S VILLAGE IS THE SOLE MEMBER OF THE INSTITUTE AND ELECTS ITS BOARD OF DIRECTORS. THE INSTITUTE IS EXEMPT FROM FEDERAL TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

THE INSTITUTE'S PURPOSE IS TO ASSIST THE CHILDREN'S VILLAGE, INC. (CV) IN THE FURTHERANCE OF ITS CORPORATE PURPOSES.

  • TO SUPPORT THE PROGRAMS THAT BENEFIT THE CHILDREN'S VILLAGE AND TO TRAIN THE STAFF MEMBERS AT CHILDREN'S VILLAGE. IN ADDITION, THE CHILDREN'S VILLAGE INSTITUTE MAINTAINS AN ENDOWMENT FUND AND PROVIDES OTHER FORMS OF FINANCIAL ASSISTANCE TO SUPPORT THE MISSION OF THE CHILDREN'S VILLAGE.

    Expenses $1,007,654 · Grants $1,007,654

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

Listed in Part VII

  • Brian Bader

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Michael Schaenen

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Paul H Jenkel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Thomas K Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Sylvia Gross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Jeremy C Kohomban

    PRESIDENT AND CEO

    Total calculated
    $658,512
    From this org
    $0
    From related orgs
    $595,472
    Other
    $63,040
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $518,813 related
    Bonus
    $0 + $71,882 related
    Other
    $0 + $4,777 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $50,840 related
    Filer's total
    $0 + $658,512 related

  • Richard Goerg

    CFO

    Total calculated
    $348,461
    From this org
    $0
    From related orgs
    $322,350
    Other
    $26,111
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,486 related
    Bonus
    $0 + $33,749 related
    Other
    $0 + $5,115 related
    Deferred
    $0 + $11,369 related
    Nontaxable benefits
    $0 + $14,742 related
    Filer's total
    $0 + $348,461 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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 7 · Other non-fixed payments

Answered no

  • 2 · Substantiation required before reimbursing 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE CONTRIBUTION TO THE SECTION 162 EXECUTIVE BONUS PLAN INCLUDES TAX GROSS-PAYMENTS AND ARE APPROVED BY THE BOARD.
PART I, LINE 3
THE COMPENSATION FOR THE CEO IS DETERMINED BY THE RELATED ENTITY THE CHILDREN'S VILLAGE INC
PART I, LINE 7
THE ORGANIZATION HAS ESTABLISHED IRS SECTION 162 EXECUTIVE BONUS PLAN AND CONTRIBUTIONS TO THAT PLAN ARE REFLECTED IN COLUMN B II AND ARE APPROVED BY THE BOARD MEMBERS.
SCHEDULE J, PART III, COLUMN B(III):
JEREMY KOHOMBAN RECEIVED CAR ALLOWANCE FOR $2,455 AND IT IS REFLECTED IN COLUMN B(III). AMOUNT IN THIS COLUMN ALSO REPRESENTS CONTRIBUTIONS TO A RETIREMENT PLAN AND TAXABLE GROUP LIFE INSURANCE.

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

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
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202401229349302945

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