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Nonprofiteer
← CHILDRENS HOME FOUNDATION

Form 990 for tax year 2022

Filed by CHILDRENS HOME FOUNDATION.

Totals

Total revenue
$2,679,490
Total expenses
$1,370,058
Contributions and grants received
$464,074
Grants paid
$966,000
Program service revenue
$18,000
Investment income
$1,160,723
Other revenue
$1,036,693
Total assets, end of year
$29,205,298
Total liabilities, end of year
$302,761
Net assets or fund balances, end of year
$28,902,537
Program services expenses (Part IX)
$966,000
Management and general expenses
$404,058
Fundraising expenses
$0
Program service expenses (Part III)
$966,000

Program services were 70.5% 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

    $464,074

  • 1g · Noncash contributions included above

    $136,836

  • 2a · Program service revenue: CONSULTING

    total $18,000 · related or exempt $18,000

  • 3 · Investment income

    total $1,001,881 · excluded $1,001,881

  • 5 · Royalties

    total $1,054,118 · excluded $1,054,118

  • 6a · Gross rents

    real property $2,000

  • 6b · Less rental expenses

    real property $87

  • 6c · Rental income or loss

    real property $1,913

  • 6d · Net rental income or loss

    total $1,913 · excluded $1,913

  • 7a · Gross sales of assets other than inventory

    securities $12,969,510

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

    securities $12,810,668

  • 7c · Gain or loss

    securities $158,842

  • 7d · Net gain or loss

    total $158,842 · excluded $158,842

  • 11a · Other revenue: MONTAUK TRIGUARD FUND IX LP

    total -$19,338 · unrelated business -$19,338

  • 11e · Other revenue, total

    -$19,338

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $966,000 · program services $966,000

  • 5 · Compensation of officers, directors and key employees

    total $98,598 · management and general $98,598

  • 7 · Other salaries and wages

    total $72,477 · management and general $72,477

  • 8 · Pension plan contributions

    total $6,739 · management and general $6,739

  • 9 · Other employee benefits

    total $12,755 · management and general $12,755

  • 10 · Payroll taxes

    total $9,825 · management and general $9,825

  • 11c · Fees: accounting

    total $36,369 · management and general $36,369

  • 11f · Fees: investment management

    total $76,327 · management and general $76,327

  • 12 · Advertising and promotion

    total $6,990 · management and general $6,990

  • 13 · Office expenses

    total $8,124 · management and general $8,124

  • 16 · Occupancy

    total $11,596 · management and general $11,596

  • 17 · Travel

    total $8,503 · management and general $8,503

  • 19 · Conferences, conventions and meetings

    total $2,371 · management and general $2,371

  • 22 · Depreciation, depletion and amortization

    total $3,265 · management and general $3,265

  • 23 · Insurance

    total $3,217 · management and general $3,217

  • 24a · Other expenses: ANNUITIES

    total $16,779 · management and general $16,779

  • 24b · Other expenses: PROPERTY TAXES RELATED

    total $14,047 · management and general $14,047

  • 24c · Other expenses: PUBLICATIONS

    total $13,020 · management and general $13,020

  • 24d · Other expenses: DUES

    total $2,044 · management and general $2,044

  • 24e · All other expenses

    total $1,012 · management and general $1,012

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,197 · end of year $163,086

  • 4 · Accounts receivable

    beginning of year $45,782 · end of year $32,452

  • 9 · Prepaid expenses and deferred charges

    end of year $1,598

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

    $118,473

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

    $12,137

  • 10c · Land, buildings and equipment, net

    beginning of year $109,601 · end of year $106,336

  • 11 · Investments: publicly traded securities

    beginning of year $23,645,277 · end of year $21,187,633

  • 12 · Investments: other securities

    beginning of year $2,355,238 · end of year $3,876,069

  • 14 · Intangible assets

    beginning of year $2,641,857 · end of year $3,826,660

  • 15 · Other assets

    beginning of year $0 · end of year $11,464

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,946 · end of year $2,312

  • 25 · Other liabilities

    beginning of year $88,991 · end of year $300,449

  • 27 · Net assets without donor restrictions

    beginning of year $14,444,381 · end of year $14,126,104

  • 28 · Net assets with donor restrictions

    beginning of year $14,350,634 · end of year $14,776,433

Mission and programs · 2022

Mission

THE CHILDREN'S HOME FOUNDATION EXISTS TO SECURE AND MANAGE FUNDS FOR THE SOLE BENEFIT OF THE CHILDREN'S HOME OF LUBBOCK. THROUGH A MISSION OF SAFEKEEPING AND WISE MANAGEMENT, THE DIRECTORS OF THE CHILDREN'S HOME FOUNDATION PLEDGE THEIR COMMITMENT TO THE GOALS OF THE CHILDREN'S HOME OF LUBBOCK TO PROVIDE PROTECTION AND LOVE TO CHILDREN CAUGHT IN THE CROSSFIRES OF LIFE, SO THEY MAY GROW IN GRACE AND GIVE THEIR UNIQUE GIFTS TO THE WORLD. IN SHORT, THE FOUNDATION SUPPORTS THE CHILDREN'S HOME OF LUBBOCK AND ITS MINISTRY OF "MANIFESTING CHRIST THROUGH EXCELLENCE IN CHILD CARE."

Activities or mission (Part I)

PROVIDE SUPPORT FOR THE CHILDRENS' HOME OF LUBBOCK.

  • FUNDING TO TAX-EXEMPT ENTITY PROVIDING CARE FOR DISADVANTAGED CHILDREN.

    Expenses $966,000 · Grants $966,000 · Revenue $18,000

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

Listed in Part VII

  • Jimmy Moore

    DIRECTOR

    Total calculated
    $171,286
    From this org
    $0
    From related orgs
    $148,493
    Other
    $22,793
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,682 related
    Bonus
    $0
    Other
    $0 + $3,811 related
    Deferred
    $0 + $7,975 related
    Nontaxable benefits
    $0 + $14,818 related
    Filer's total
    $0 + $171,286 related

  • Eric Creel

    PRESIDENT

    Total calculated
    $98,598
    From this org
    $88,416
    From related orgs
    $0
    Other
    $10,182
    Hours/week
    42 + 8 related

  • Jim Henson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Betts

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Victor Hines

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Ada Rummel 0222 - 1122

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Kristi Payne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tony Ellison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lynn Harms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Norton Baker 222 - 522

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • Pat Stumbo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Tom Johnston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • John Sigle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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

  • 3 · Compensation committee
  • 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MARY LOUISE COLEMAN LP

    EXCLUDED · INVESTMENT · TX · 97% owned · share of income -$2 · share of assets $1,755,889

Provenance

Return type
form_990
Tax year
2022
Filed
8 December 2023
IRS schema version
2022v5.0
Source object
202323429349300227

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