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Nonprofiteer
← HEDGE FUNDS CARE INC

Form 990 for tax year 2023

Filed by HEDGE FUNDS CARE INC.

Totals

Total revenue
$1,930,628
Total expenses
$1,884,693
Contributions and grants received
$2,485,411
Grants paid
$1,153,097
Program service revenue
$0
Investment income
$0
Other revenue
-$554,783
Total assets, end of year
$3,024,414
Total liabilities, end of year
$716,829
Net assets or fund balances, end of year
$2,307,585
Program services expenses (Part IX)
$1,372,132
Management and general expenses
$301,914
Fundraising expenses
$210,647
Program service expenses (Part III)
$1,372,132

Program services were 72.8% 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

    $1,978,607

  • 1f · All other contributions, gifts and grants

    $506,804

  • 1g · Noncash contributions included above

    $73,369

  • 8a · Fundraising events: gross income

    $206,646

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

    $1,978,607

  • 8b · Fundraising events: direct expenses

    $840,856

  • 8c · Net income from fundraising events

    total -$634,210 · excluded -$634,210

  • 9a · Gaming: gross income

    $174,076

  • 9b · Gaming: direct expenses

    $94,649

  • 9c · Net income from gaming

    total $79,427 · excluded $79,427

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,153,097 · program services $1,153,097

  • 5 · Compensation of officers, directors and key employees

    total $200,134 · program services $70,574 · management and general $65,456 · fundraising $64,104

  • 7 · Other salaries and wages

    total $182,690 · program services $95,647 · management and general $166 · fundraising $86,877

  • 8 · Pension plan contributions

    total $16,665 · program services $5,877 · management and general $5,450 · fundraising $5,338

  • 9 · Other employee benefits

    total $36,087 · program services $12,726 · management and general $11,803 · fundraising $11,558

  • 10 · Payroll taxes

    total $34,908 · program services $12,310 · management and general $11,417 · fundraising $11,181

  • 11b · Fees: legal

    total $7,454 · management and general $7,454

  • 11c · Fees: accounting

    total $54,518 · management and general $54,518

  • 11g · Fees: other

    total $85,153 · program services $129 · management and general $84,905 · fundraising $119

  • 13 · Office expenses

    total $47,909 · program services $975 · management and general $46,049 · fundraising $885

  • 16 · Occupancy

    total $27,665 · program services $12,945 · management and general $2,962 · fundraising $11,758

  • 17 · Travel

    total $7,491 · management and general $3,705 · fundraising $3,786

  • 22 · Depreciation, depletion and amortization

    total $1,635 · management and general $1,635

  • 23 · Insurance

    total $23,009 · program services $7,852 · management and general $8,025 · fundraising $7,132

  • 24a · Other expenses: LICENSES & FEE

    total $550 · management and general $550

  • 24e · All other expenses

    total $5,728 · management and general -$2,181 · fundraising $7,909

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $952,262 · end of year $1,335,892

  • 2 · Savings and temporary cash investments

    beginning of year $883,254 · end of year $883,424

  • 4 · Accounts receivable

    beginning of year $445,988 · end of year $486,608

  • 9 · Prepaid expenses and deferred charges

    beginning of year $185,668 · end of year $137,707

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

    $83,017

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

    $72,940

  • 10c · Land, buildings and equipment, net

    beginning of year $12,647 · end of year $10,077

  • 15 · Other assets

    beginning of year $208,417 · end of year $170,706

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,260 · end of year $95,430

  • 18 · Grants payable

    beginning of year $346,673 · end of year $581,549

  • 19 · Deferred revenue

    end of year $39,850

  • 27 · Net assets without donor restrictions

    beginning of year $2,268,303 · end of year $2,268,770

  • 28 · Net assets with donor restrictions

    end of year $38,815

Mission and programs · 2023

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 $1,372,132 · Grants $1,153,097

As filed on the 2023 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
  • 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

    OUTGOING 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

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Salameh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matthew Stover

    OUTGOING 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
  • Rob Davis

    FOUNDER & CHAIRMAN EMERITUS

    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
  • 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

    OUTSOURCED CONTROLLER

    Total calculated
    $0
    Hours/week
    40
  • Sumudu Waas

    EXECUTIVE DIRECTOR/COO

    Total calculated
    $200,134
    From this org
    $171,681
    From related orgs
    $0
    Other
    $28,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,412
    Bonus
    $0
    Other
    $12,269
    Deferred
    $15,113
    Nontaxable benefits
    $13,340
    Filer's total
    $200,134

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

  • 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.

  • BETTER UNDERSTANDING COMMONALITIES AS WELL AS SHARED STRENGTHS AND CHALLENGES RELATED TO THE PRESENCE OR ABSENCE OF RESOURCES AND SERVICES IN NEW YORK CITY COMMUNITIES WITH HIGH LEVELS OF CHILD WELFARE INVOLVEMENT, AND ADVOCATING FOR ESSENTIAL INVESTMENTS BASED ON THESE FINDINGS.

  • 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.

  • THE GOAL OF CHILDREN'S CORPS IS TO INFUSE THE NYC CHILD WELFARE SYSTEM WITH INCREDIBLE FRONTLINE WORKERS WITH A HIGH RETENTION RATE IN ORDER TO STRENGTHEN FAMILIES AND IMPROVE PERMANENCY OUTCOMES FOR CHILDREN.

  • GRAHAM WINDHAMS OVERALL GOAL IS TO KEEP CHILDREN AND FAMILIES SAFE AND MAKE SURE THAT THEY HAVE ALL THAT THEY NEED TO THRIVE.

  • GOALS INCLUDE ESTABLISHING ACUTE SERVICES FOR MINORS EXPERIENCING SEXUAL AND/OR FAMILY VIOLENCE.

  • THE GOAL OF THE U.S. SURVIVOR CARE PROGRAM IS TO PROVIDE SERVICES THAT HELP CHILDREN AND THEIR FAMILIES/CAREGIVERS UNDERSTAND, RESPOND, AND RECOVER FROM THE IMPACT OF CHILD TRAFFICKING AND EXPLOITATION.

  • RECOGNIZING THAT THE MAJORITY OF WOMEN REFERRED TO CHILD PROTECTIVE SERVICES ARE DEALING WITH UNTREATED PAST TRAUMA OR ABUSE, THE PROJECT SEEKS TO STRENGTHEN AND PRESERVE FAMILIES, PREVENT MALTREATMENT RECIDIVISM, AND ALLEVIATE MATERNAL PTSD/DEPRESSION, BY DELIVERING AND EVALUATING (IN A NIH-SUPPORTED, RANDOMIZED CONTROL TRIAL (RCT) SETTING) A PROMISING THERAPEUTIC INTERVENTION WHICH HAS BEEN SHOWN IN PREVIOUS RESEARCH TO REDUCE OR ELIMINATE SYMPTOMS OF POST-TRAUMATIC STRESS DISORDER AND DEPRESSION IN MOTHERS, WHILE ALSO IMPARTING PARENTING SKILLS THAT CAN SUPPORT HEALTHY MOTHER-CHILD BONDING, IMPROVE PARENTING BEHAVIORS, IMPROVE CHILD WELL-BEING, AND DRAMATICALLY REDUCE MALTREATMENT RECIDIVISM.

  • 1) REDUCE PTSD SYMPTOMS AMONG CLIENTS RECEIVING SERVICES; 2) INCREASE CLIENTS USE OF COMMUNITY RESOURCES; AND 3) INCREASE THE COPING SKILLS OF CLIENT'S RECEIVING SERVICES.

  • WITHIN THE GRANT YEAR, SERVE 300 CAREGIVER-CHILD DYADS WITH THE ABC PARENT COACHING PROGRAM AND LINKAGES TO ADDITIONAL COMMUNITY SUPPORTS.

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

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202443119349300504

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

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