Cherish The Children Foundation Inc
- Assets
- $1.1m
- Revenue
- $114.7k
- Investments
- $854.0k
- Employees
- 0
- Location
- Glastonbury, CT
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 06-1559219
Organization Overview
Cherish The Children Foundation Inc is located in Glastonbury, CT. The organization was established in 2000. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherish The Children Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Cherish The Children Foundation Inc generated $114.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $50.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cherish The Children Foundation Inc has awarded 14 individual grants totaling $126,668. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUND RAISING ACTIVITIES FOR THE BENEFIT OF NONPROFIT ORGANIZTIONS FOR CHILDREN WITH SPECIAL NEEDS, INCLUDING MEDICAL, EMOTIONAL, EDUCATION AND PHYSICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR SERVICES AND GOODS FOR CHILDREN WITH SPECIAL NEEDS, MEDICAL,
GRANTS FOR SERVICES AND GOODS FOR CHILDREN WITH SPECIAL NEEDS, MEDICAL, EMOTIONAL, EDUCATION AND EMOTIONAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Gority Board Member | Officer | $0 | |
Thomas J Quinn Treasurer | Officer | $0 | |
Robert Martino President | Officer | $0 | |
Barbara Balducci Secretary | Trustee | $0 | |
Guy Carbone Board Member | Trustee | $0 | |
Emily Balducci Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,170 |
| Total Program Service Revenue | $0 |
| Investment income | $12,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,995 |
| Net Income from Fundraising Events | $35,479 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,238 |
| Grants and other assistance to domestic individuals. | $6,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $413 |
| Total functional expenses | $50,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,167 |
| Savings and temporary cash investments | $64,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $854,033 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,064,500 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,064,500 |
| Total liabilities and net assets/fund balances | $1,064,500 |
Grants Awarded
Over the last fiscal year, Cherish The Children Foundation Inc has awarded $33,738 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY ACADEMY | | | $10,000 |
Hartford, CT | | $9,963 |
NORTHWEST CATHOLIC HS | | | $7,875 |
EAST CATHOLIC HS | | | $5,900 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cherish The Children Foundation Inc has recieved totaling $10,681.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,666 |
Peridot Foundation Inc Marstons Mills, MA PURPOSE: GENERAL FUND | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |
Malchus Foundation Brooklyn, NY | $24,956,883 | $30,497,983 |
The Disability Fund Inc Rockville Centre, NY | $63,283,408 | $4,939,746 |
Barrier Free Living Holding Inc Bronx, NY | $3,190,190 | $5,409,124 |
The Viscardi Center Inc Albertson, NY | $40,315,327 | $5,189,611 |
Captain Community Human Services Inc Glenville, NY | $3,400,269 | $5,347,158 |
Hillside Foundation Rochester, NY | $27,746,990 | $3,225,115 |
Mckinnon Family Foundation New York, NY | $24,225,757 | $13,671,253 |
United Way Of The Greater Capital Region Inc Albany, NY | $13,270,603 | $9,131,843 |