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Nonprofiteer
← CHILDRENS HOME FOUNDATION INC

Form 990 for tax year 2022

Filed by CHILDRENS HOME FOUNDATION INC.

Totals

Total revenue
$2,148,723
Total expenses
$66,115
Contributions and grants received
$841,141
Grants paid
$0
Program service revenue
$0
Investment income
$1,307,582
Other revenue
$0
Total assets, end of year
$24,928,655
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$24,928,655
Program services expenses (Part IX)
$0
Management and general expenses
$66,115
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.

  • 1d · Related organizations

    $522,322

  • 1f · All other contributions, gifts and grants

    $318,819

  • 3 · Investment income

    total $862,600 · excluded $862,600

  • 7a · Gross sales of assets other than inventory

    securities $6,670,134

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

    securities $6,225,152

  • 7c · Gain or loss

    securities $444,982

  • 7d · Net gain or loss

    total $444,982 · excluded $444,982

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11f · Fees: investment management

    total $63,615 · management and general $63,615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,024 · end of year $519,401

  • 11 · Investments: publicly traded securities

    beginning of year $20,679,348 · end of year $23,092,839

  • 15 · Other assets

    beginning of year $1,375,277 · end of year $1,316,415

  • 27 · Net assets without donor restrictions

    beginning of year $17,082,825 · end of year $19,887,705

  • 28 · Net assets with donor restrictions

    beginning of year $5,029,824 · end of year $5,040,950

Mission and programs · 2022

Mission

TO OWN, MANAGE, MAINTAIN AND CONTROL THE ENDOWMENT TRANSFERRED TO THE ORGANIZATION BY THE CHILDREN'S HOME, INC. D/B/A CHILDREN'S HOME NETWORK ("CHN"). (CONTINUED ON SCHEDULE O)INCOME GENERATED FROM THE FINANCIAL ASSETS ARE USED TO DELIVER PROGRAMS FOR ABUSED AND NEGLECTED CHILDREN, INCLUDING RESIDENTIAL TREATMENT, THERAPY AND COUNSELING, AND FOSTER CARE FOR ABUSED AND NEGLECTED CHILDREN.

Activities or mission (Part I)

OWN, MANAGE, MAINTAIN & CONTROL ENDOWMENTS FOR CHILDREN'S HOME INC D/B/A CHILDREN'S HOME NETWORK

  • THE CHILDREN'S HOME FOUNDATION, INC. ("CHF") WAS FORMED TO OWN, MANAGE, MAINTAIN AND CONTROL THE ENDOWMENT TRANSFERRED TO CHF BY THE CHILDREN'S HOME, INC. D/B/A CHILDREN'S HOME NETWORK ("CHN"). CHF MANAGES SUCH FUNDS IN LINE WITH PROGRAMS AND POLICIES (CURRENT AND FUTURE) AUTHORIZED AND DIRECTED BY CHF'S BOARD OF DIRECTORS.CHF IS A "SUPPORTING ORGANIZATION" UNDER SECTION 509(A)(3) THAT PROVIDES AND/OR CONTRACTS FOR INVESTMENT MANAGEMENT SERVICES FOR CHN AND FOR THE MEMBERS OF THE CHILDREN'S HOME COMMUNITY, INC. GROUP. IN ADDITION TO CHF AND CHN, THIS GROUP INCLUDES THE CHILDREN'S HOME COMMUNITY BASED CARE, INC. AND THE CHILDREN'S HOME PROPERTIES, INC.

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

Listed in Part VII

  • Karl Schmitz

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • David Kennedy

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • Cheryl Adams

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • Sharon Docherty Danco

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • David Eischeid

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • Josh Kollman

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Richard Stohler

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Irene Rickus

    PRESIDENT & CEO

    Total calculated
    $216,481
    From this org
    $0
    From related orgs
    $183,609
    Other
    $32,872
    Hours/week
    3 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,759 related
    Bonus
    $0 + $850 related
    Other
    $0 + $4,000 related
    Deferred
    $0 + $6,037 related
    Nontaxable benefits
    $0 + $26,835 related
    Filer's total
    $0 + $216,481 related
  • Tamra Gronseth

    CFO

    Total calculated
    $161,010
    From this org
    $0
    From related orgs
    $134,384
    Other
    $26,626
    Hours/week
    3 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,459 related
    Bonus
    $0 + $850 related
    Other
    $0 + $75 related
    Deferred
    $0 + $4,228 related
    Nontaxable benefits
    $0 + $22,398 related
    Filer's total
    $0 + $161,010 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

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
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202411029349301331

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