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Nonprofiteer
← CHILDREN OF FALLEN PATRIOTS FOUNDATION

Form 990 for tax year 2022

Filed by CHILDREN OF FALLEN PATRIOTS FOUNDATION.

Totals

Total revenue
$13,060,746
Total expenses
$13,994,335
Contributions and grants received
$13,355,573
Grants paid
$9,746,920
Program service revenue
$0
Investment income
$73,819
Other revenue
-$368,646
Total assets, end of year
$18,264,760
Total liabilities, end of year
$189,190
Net assets or fund balances, end of year
$18,075,570
Program services expenses (Part IX)
$11,913,441
Management and general expenses
$620,634
Fundraising expenses
$1,460,260
Program service expenses (Part III)
$11,913,441

Program services were 85.1% 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.

  • 1a · Federated campaigns

    $21,843

  • 1c · Fundraising events

    $5,454,525

  • 1f · All other contributions, gifts and grants

    $7,879,205

  • 3 · Investment income

    total $73,819 · excluded $73,819

  • 8a · Fundraising events: gross income

    $322,550

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

    $5,454,525

  • 8b · Fundraising events: direct expenses

    $691,196

  • 8c · Net income from fundraising events

    total -$368,646 · excluded -$368,646

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,746,920 · program services $9,746,920

  • 5 · Compensation of officers, directors and key employees

    total $676,635 · program services $377,367 · management and general $110,876 · fundraising $188,392

  • 7 · Other salaries and wages

    total $1,906,422 · program services $1,063,233 · management and general $312,392 · fundraising $530,797

  • 9 · Other employee benefits

    total $196,217 · program services $122,731 · management and general $15,383 · fundraising $58,103

  • 10 · Payroll taxes

    total $178,259 · program services $99,244 · management and general $28,752 · fundraising $50,263

  • 11c · Fees: accounting

    total $28,807 · management and general $28,807

  • 11g · Fees: other

    total $56,235 · program services $4,547 · management and general $3,296 · fundraising $48,392

  • 12 · Advertising and promotion

    total $168,743 · program services $115,483 · fundraising $53,260

  • 13 · Office expenses

    total $317,099 · program services $99,541 · management and general $25,901 · fundraising $191,657

  • 14 · Information technology

    total $169,403 · program services $71,287 · management and general $43,360 · fundraising $54,756

  • 16 · Occupancy

    total $39,073 · program services $23,028 · management and general $6,351 · fundraising $9,694

  • 17 · Travel

    total $182,186 · program services $100,899 · management and general $4,406 · fundraising $76,881

  • 19 · Conferences, conventions and meetings

    total $285,867 · program services $88,945 · management and general $330 · fundraising $196,592

  • 23 · Insurance

    total $10,880 · management and general $10,880

  • 24a · Other expenses: Annual filing fee

    total $24,948 · management and general $24,948

  • 24b · Other expenses: Membership dues

    total $3,387 · program services $216 · management and general $1,698 · fundraising $1,473

  • 24c · Other expenses: Licenses and permits

    total $3,254 · management and general $3,254

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,841,501 · end of year $4,133,752

  • 2 · Savings and temporary cash investments

    beginning of year $10,459,292 · end of year $12,372,354

  • 3 · Pledges and grants receivable

    beginning of year $1,698,498 · end of year $1,590,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $206,934 · end of year $168,022

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,066 · end of year $189,190

  • 27 · Net assets without donor restrictions

    beginning of year $12,396,572 · end of year $13,929,907

  • 28 · Net assets with donor restrictions

    beginning of year $6,612,587 · end of year $4,145,663

Mission and programs · 2022

Mission

The Foundation was formed for the purpose of providing college scholarships and educational counseling to military children who have lost a parent in the line of duty.

Activities or mission (Part I)

Provides college scholarships and educational counseling to military children who have lost a parent in the line of duty.

  • Educational Scholarships:Provided college scholarships and educational counseling to military children who have lost a parent in the line of duty.

    Expenses $11,913,441 · Grants $9,746,920

As filed on the 2022 return.

Listed in Part VII

  • Thomas M McGann

    Chair

    Total calculated
    $0
    Hours/week
    1

  • David Y Kim

    Co-founder & Chief Executive Officer

    Total calculated
    $0
    Hours/week
    1

  • David Daigle

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Nancy Armstrong

    Director

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Y Carter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert J Sweeney

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christopher Heffernan

    President

    Total calculated
    $395,050
    From this org
    $375,367
    From related orgs
    $0
    Other
    $19,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,367
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,683
    Filer's total
    $395,050

  • Peter Hogarth

    Chief Financial Officer

    Total calculated
    $281,585
    From this org
    $259,308
    From related orgs
    $0
    Other
    $22,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,808
    Bonus
    $24,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,277
    Filer's total
    $281,585

  • Katrina Hartwell

    Senior Director Development

    Total calculated
    $172,457
    From this org
    $148,756
    From related orgs
    $0
    Other
    $23,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,756
    Bonus
    $0
    Other
    $6,000
    Deferred
    $0
    Nontaxable benefits
    $23,701
    Filer's total
    $172,457

  • Bana Miller

    Senior Director Marketing

    Total calculated
    $140,537
    From this org
    $140,368
    From related orgs
    $0
    Other
    $169
    Hours/week
    40

  • Steven Smith

    Corporate Development Officer

    Total calculated
    $187,850
    From this org
    $186,905
    From related orgs
    $0
    Other
    $945
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,929
    Bonus
    $13,976
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $945
    Filer's total
    $187,850

  • Luisa Zhou

    Controller

    Total calculated
    $186,764
    From this org
    $166,677
    From related orgs
    $0
    Other
    $20,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,302
    Bonus
    $14,375
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,087
    Filer's total
    $186,764

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3:
The Chief Executive Officer receives no compensation. The compensation of the Chief Financial Officer and other upper management is determined by a Compensation Committee and approved by the Board of Directors.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
31 March 2023
IRS schema version
2022v5.0
Source object
202340909349301104

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