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Nonprofiteer
← CHILDRENS INVESTMENT FUND INC

Form 990 for tax year 2024

Filed by CHILDRENS INVESTMENT FUND INC.

Totals

Total revenue
$1,334,242
Total expenses
$2,224,085
Contributions and grants received
$1,002,298
Grants paid
$1,137,671
Program service revenue
$108,348
Investment income
$223,596
Other revenue
$0
Total assets, end of year
$6,857,477
Total liabilities, end of year
$730,045
Net assets or fund balances, end of year
$6,127,432
Program services expenses (Part IX)
$2,029,943
Management and general expenses
$188,969
Fundraising expenses
$5,173
Program service expenses (Part III)
$2,029,943

Program services were 91.3% 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.

  • 1e · Government grants (contributions)

    $719,230

  • 1f · All other contributions, gifts and grants

    $283,068

  • 2a · Program service revenue: LOAN INTEREST AND FEES

    total $108,348 · related or exempt $108,348

  • 3 · Investment income

    total $223,596 · excluded $223,596

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,137,671 · program services $1,137,671

  • 11b · Fees: legal

    total $763 · management and general $763

  • 11c · Fees: accounting

    total $35,200 · management and general $35,200

  • 11g · Fees: other

    total $1,019,567 · program services $890,336 · management and general $124,058 · fundraising $5,173

  • 20 · Interest

    total $1,292 · program services $1,292

  • 23 · Insurance

    total $19,668 · management and general $19,668

  • 24a · Other expenses: MISCELLANEOUS

    total $9,924 · program services $644 · management and general $9,280

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,361 · end of year $96,710

  • 2 · Savings and temporary cash investments

    beginning of year $5,872,811 · end of year $4,227,770

  • 3 · Pledges and grants receivable

    beginning of year $501,991 · end of year $100,000

  • 13 · Investments: program-related

    beginning of year $1,418,784 · end of year $2,260,410

  • 15 · Other assets

    beginning of year $197,936 · end of year $172,587

  • 17 · Accounts payable and accrued expenses

    beginning of year $201,608 · end of year $170,045

  • 18 · Grants payable

    beginning of year $820,000 · end of year $60,000

  • 24 · Unsecured notes and loans payable

    end of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,543,074 · end of year $2,664,676

  • 28 · Net assets with donor restrictions

    beginning of year $4,474,201 · end of year $3,462,756

Mission and programs · 2024

Mission

THE CHILDREN'S INVESTMENT FUND'S (CIF) PRIMARY PURPOSE IS TO IMPROVE THE QUALITY OF AND EXPAND ACCESS TO EARLY LEARNING AND SCHOOL-AGE CHILD CARE PROGRAMS FOR LOW AND MODERATE-INCOME FAMILIES. IN ORDER TO BROADEN THE IMPACT OF ITS WORK CIF ALSO SEEKS TO SUPPORT AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES THROUGH PLACE-BASED TWO-GENERATION AND OTHER STRATEGIES THAT RESULT IN SAFER, HEALTHIER AND MORE STABLE ENVIRONMENTS IN WHICH TO RAISE YOUNG CHILDREN.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $383,470

  • TECHNICAL ASSISTANCE AND LENDING: CIF PROVIDES A FULL RANGE OF FINANCING, TRAINING, AND TECHNICAL SERVICES OPTIONS FOR EARLY EDUCATION AND OUT-OF-SCHOOL TIME PROVIDERS SEEKING TO CONSTRUCT OR IMPROVE THEIR FACILITIES. CIF'S SIGNATURE TRAINING, THE BUILDING STRONGER CENTERS INSTITUTE, IS A FOUR-DAY, INTENSIVE TRAINING DESIGNED FOR CHILDCARE CENTERS THAT ARE PLANNING A MAJOR RENOVATION OR CONSTRUCTION PROJECT. CONTENT INCLUDES INFORMATION ON THE DEVELOPMENT PROCESS, FINANCING STRATEGIES, HIGH-QUALITY DESIGN, AND EXAMPLES OF SUCCESSFUL PROJECTS. IN ADDITION TO PROVIDING TECHNICAL EXPERTISE AND TRAINING, CIF OFFERS PREDEVELOPMENT, SITE ACQUISITION, CONSTRUCTION LOANS, AND TERM LOANS TO HELP FINANCE THE COST OF DEVELOPING LARGER CAPITAL PROJECTS, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT ON FLEXIBLE LOAN TERMS THAT MEET THE NEEDS OF CHILDCARE PROVIDERS OF ALL SIZES. IN 2018, CIF EXTENDED THIS SUPPORT TO AFFORDABLE HOUSING DEVELOPERS THAT ARE CREATING FAMILY UNITS IN MASSACHUSETTS.

    Expenses $475,819 · Revenue $108,348

  • FACILITY IMPROVEMENT GRANTS: CIF RAISES CAPITAL THAT CAN BE USED FOR GRANTS TO PROVIDERS TO FUND THE COST OF FACILITY IMPROVEMENTS. CIF HAS RECEIVED TOTAL FUNDING OF $2 MILLION FROM THE LIBERTY MUTUAL FOUNDATION TO FUND ACCESSIBILITY IMPROVEMENTS IN BOSTON-BASED EARLY EDUCATION AND OUT-OF-SCHOOL TIME CENTERS. IN FISCAL YEAR 2024, CIF RECEIVED A GRANT FROM THE U.S. DEPARTMENT OF THE TREASURY'S CDFI FUND FOR $986,991 UNDER THE EQUITABLE RECOVERY PROGRAM (ERP). CIF IS USING THESE FUNDS TO PROVIDE CAPITAL GRANTS TO CHILD CARE PROVIDERS LOCATED IN LOW OR MODERATE-INCOME MAJORITY MINORITY CENSUS TRACTS IN MASSACHUSETTS. CIF HAS AWARDED $960,000 OF THE ERP GRANTS TO FIVE PROVIDERS AS OF JUNE 30, 2025.

    Expenses $1,170,654 · Grants $1,137,671

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Amy O'Leary

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Wayne Ysaguirre

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Karley Ausiello

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Sharon Scott-Chandler

    BOARD MEMBER/CLERK

    Total calculated
    $0
    Hours/week
    1.5

  • Michael Lindstrom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carl Sussman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margaret Sprague

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Renee Boynton-Jarrett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Muraida

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leslie Reid

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dawn Distefano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Catherine Dun Rappaport

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christi Staples

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Andors

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deborah Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Willis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne Douglass

    BOARD MEMBER (LEFT DURING FY25)

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
16 October 2025
IRS schema version
2024v5.2
Source object
202512959349300516

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