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Nonprofiteer
← CHILDRENS HUNGER FUND LEGACY FOUNDATION

Form 990 for tax year 2023

Filed by CHILDRENS HUNGER FUND LEGACY FOUNDATION.

Totals

Total revenue
$6,135,027
Total expenses
$4,496,484
Contributions and grants received
$5,487,142
Grants paid
$4,426,424
Program service revenue
$0
Investment income
$647,885
Other revenue
$0
Total assets, end of year
$19,985,661
Total liabilities, end of year
$691,364
Net assets or fund balances, end of year
$19,294,297
Program services expenses (Part IX)
$4,430,624
Management and general expenses
$64,460
Fundraising expenses
$1,400
Program service expenses (Part III)
$4,430,624

Program services were 98.5% 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.

  • 1a · Federated campaigns

    $958

  • 1d · Related organizations

    $88,500

  • 1f · All other contributions, gifts and grants

    $5,397,684

  • 1g · Noncash contributions included above

    $5,392,740

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $385,179 · excluded $385,179

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $6,972,170

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

    securities $6,709,464

  • 7c · Gain or loss

    securities $262,706 · other assets $0

  • 7d · Net gain or loss

    total $262,706 · excluded $262,706

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,426,424 · program services $4,426,424

  • 7 · Other salaries and wages

    total $14,000 · program services $4,200 · management and general $8,400 · fundraising $1,400

  • 9 · Other employee benefits

    total $4,414 · management and general $4,414

  • 11c · Fees: accounting

    total $18,050 · management and general $18,050

  • 11f · Fees: investment management

    total $32,611 · management and general $32,611

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $250 · management and general $250

  • 14 · Information technology

    total $735 · management and general $735

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $232,174 · end of year $48,107

  • 2 · Savings and temporary cash investments

    beginning of year $2,803,650 · end of year $4,943,703

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,358 · end of year $4,803

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,430,571 · end of year $13,894,835

  • 12 · Investments: other securities

    beginning of year $209,311 · end of year $1,094,213

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $723,205 · end of year $691,364

  • 27 · Net assets without donor restrictions

    beginning of year $1,909,754 · end of year $2,792,156

  • 28 · Net assets with donor restrictions

    beginning of year $15,047,105 · end of year $16,502,141

Mission and programs · 2023

Mission

The Children's Hunger Fund Legacy Foundation receives gifts and manages the endowment to provide financial support for Children's Hunger Fund's mission to deliver hope to suffering children by equipping local churches for gospel-centered mercy ministry.

Activities or mission (Part I)

Support the global ministry programs and vision of Children's Hunger Fund

  • Children's Hunger Fund Legacy Foundation supports Children's Hunger Fund by receiving, managing, and distributing assets to Children's Hunger Fund to assist in carrying out and executing its programs.

    Expenses $4,430,624 · Grants $4,426,424

As filed on the 2023 return.

Listed in Part VII

  • David Phillips

    President

    Total calculated
    $300,691
    From this org
    $0
    From related orgs
    $234,234
    Other
    $66,457
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,234 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,841 related
    Nontaxable benefits
    $0 + $55,616 related
    Filer's total
    $0 + $300,691 related

  • Del Owyoung

    Treasurer & Secretary

    Total calculated
    $0
    Hours/week
    1

  • Dick Griffith

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve McCormick

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dan Gallagher

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Ryan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Richards

    Director

    Total calculated
    $213,919
    From this org
    $0
    From related orgs
    $166,750
    Other
    $47,169
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,596 related
    Nontaxable benefits
    $0 + $39,573 related
    Filer's total
    $0 + $213,919 related

  • Jason Hartung

    VP of Finance

    Total calculated
    $211,028
    From this org
    $0
    From related orgs
    $157,889
    Other
    $53,139
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,889 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,773 related
    Nontaxable benefits
    $0 + $45,366 related
    Filer's total
    $0 + $211,028 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

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.

  • Children's Hunger Fund

    501(c)(3) · Meet the needs of suffering children in USA and around the world · CA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
23 August 2024
IRS schema version
2023v5.1
Source object
202432369349301203

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