Skip to content
Nonprofiteer
← THE@CHILDRENS EDUCATION INITIATIVE

Form 990 for tax year 2022

Filed by THE@CHILDRENS EDUCATION INITIATIVE.

Totals

Total revenue
$5,401,108
Total expenses
$43,309
Contributions and grants received
$4,701,000
Grants paid
$0
Program service revenue
$0
Investment income
$693,157
Other revenue
$6,951
Total assets, end of year
$105,424,764
Total liabilities, end of year
$1,500
Net assets or fund balances, end of year
$105,423,264
Program services expenses (Part IX)
$0
Management and general expenses
$43,309
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.

  • 1f · All other contributions, gifts and grants

    $4,701,000

  • 1g · Noncash contributions included above

    $4,700,000

  • 3 · Investment income

    total $693,157 · excluded $693,157

  • 11a · Other revenue: EXCISE TAX REFUND

    total $6,951 · excluded $6,951

  • 11e · Other revenue, total

    $6,951

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $7,009 · management and general $7,009

  • 11c · Fees: accounting

    total $18,165 · management and general $18,165

  • 11g · Fees: other

    total $480 · management and general $480

  • 13 · Office expenses

    total $267 · management and general $267

  • 14 · Information technology

    total $2,080 · management and general $2,080

  • 23 · Insurance

    total $2,753 · management and general $2,753

  • 24a · Other expenses: TRANSFER & BANK FEES

    total $12,237 · management and general $12,237

  • 24b · Other expenses: COMPLIANCE & FILING FEE

    total $318 · management and general $318

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,057,078 · end of year $636,670

  • 2 · Savings and temporary cash investments

    beginning of year $65,354,417 · end of year $75,554,338

  • 7 · Other notes and loans receivable

    beginning of year $26,720,000 · end of year $18,600,000

  • 11 · Investments: publicly traded securities

    end of year $2,450,000

  • 12 · Investments: other securities

    end of year $4,700,000

  • 15 · Other assets

    beginning of year $4,622,810 · end of year $3,483,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,279 · end of year $1,500

  • 27 · Net assets without donor restrictions

    beginning of year $98,724,026 · end of year $105,423,264

Mission and programs · 2022

Mission

THE CHILDREN'S EDUCATION INITIATIVE (TCEI) IS DEDICATED TO IMPROVING THE QUALITY OF EDUCATION FOR SOCIOECONOMICALLY DISADVANTAGED CHILDREN.

  • THE CHILDREN'S EDUCATION INITIATIVE (TCEI) WILL PROVIDE FUNDS TO SELECTED PRIVATE SCHOOLS, WHICH ARE RECOGNIZED BY THE IRS AS TAX EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR TUITION ASSISTANCE AND OTHER PROGRAMS FOR SOCIOECONOMICALLY DISADVANTAGED CHILDREN ACROSS THE U.S.

As filed on the 2022 return.

Listed in Part VII

  • AARON DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • CRAIG JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ANDREW MCDONALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • RODERICK WONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KEVIN TANG

    CEO, CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    10

  • MICHAEL HEARNE

    CFO, TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    10

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
5 November 2023
IRS schema version
2022v5.0
Source object
202323169349300362

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

The source document this was parsed from is served over the API, which is where bulk and document access live.