Foundation For Child Development
- Assets
- $0.0
- Revenue
- $7.6m
- Investments
- $118.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1938
- Data as of
- 03/2022
- EIN
- 13-1623901
Organization Overview
Foundation For Child Development is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Child Development 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 03/2022, Foundation For Child Development generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $5.8m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foundation For Child Development has awarded 215 individual grants totaling $23,702,164. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG SCHOLARS PROGRAM - SUPPORTS A GROWING NETWORK OF EARLY CAREER SCHOLARS TAKING ON RESEARCH PROJECTS THAT ARE POLICY- AND PRACTICE-RELEVANT AND, AT THIS TIME, EXAMINE THE PREPARATION, COMPENSATION, WELL-BEING, AND ON-GOING PROFESSIONAL LEARNING OF THE EARLY CARE AND EDUCATION WORKFORCE. THE FOUNDATION AWARDS GRANTS TO SUPPORT THEIR WORK, CONVENES MEETINGS AND WORKSHOPS THAT ENCOURAGE NETWORKING AND MENTORING, AND PROVIDES PROFESSIONAL DEVELOPMENT TO BUILD RESEARCH AND COMMUNICATIONS SKILLS. THIS PROGRAM HAS PROVIDED SUPPORT TO 70 YOUNG SCHOLARS AND 15 PROMISING SCHOLARS.
POLICY & COMMUNICATIONS PROGRAM - LEVERAGES AND AUGMENTS THE IMPACT OF THE FOUNDATION'S GRANTS THROUGH A STRATEGIC COMMUNICATIONS PROGRAM THAT REACHES OUT TO THE FIELD OF EARLY EDUCATION RESEARCHERS, PRACTITIONERS, POLICY MAKERS, AND THE GENERAL PUBLIC THROUGH PUBLICATIONS, AN ELECTRONIC NEWSLETTER, SOCIAL MEDIA, AND CONVENINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Melvin Ming Chair 4.1.22 To 11.3.22 | 2 | $0 | |
Marilou Hyson Vice Chair | 2 | $0 | |
Walter K Frye Treasurer To 11.3.22 | 2 | $0 | |
Velma Mcbride Murry Chair 11.3.22; Secretary To 11.3.22 | 0.5 | $0 | |
Tammy L Mann Director To 11.3.22 | 0.5 | $0 | |
Cynthia Garcia Coll Director To 11.3.22 | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co Llc | 3/30/23 | $347,143 |
Vframework Llc | 3/30/23 | $71,345 |
Phillips Oppenheim Group Inc | 3/30/23 | $61,018 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $127 |
| Dividends & Interest | $2,238,078 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,616,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $361,000 |
| Pension plans, employee benefits | $280,553 |
| Depreciation | $0 |
| Occupancy | $71,548 |
| Travel, conferences, and meetings | $45,886 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,276,363 |
| Contributions, gifts, grants paid | $3,500,000 |
| Total expenses and disbursements | $5,776,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,489 |
| Investments—mortgage loans | $0 |
| Investments—other | $96,803,613 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Foundation For Child Development has awarded $5,897,468 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC PURPOSE: ANNUAL SUPPORT | $2,500 |
AMERICAN EDUCATIONAL RESEARCH ASSOCIATION PURPOSE: SPECIAL INITIATIVE | $2,500 |
BRAZELTON TOUCHPOINTS PROJECT INC CO BRAZELTON TOUCHPOINTS CENTER PURPOSE: ECE WORKFORCE | $138,000 |
ASIAN AMERICANPACIFIC ISLANDERS IN PHILANTHROPY PURPOSE: ANNUAL SUPPORT | $2,500 |
CENTER FOR COMMUNITY CHANGE PURPOSE: ECE WORKFORCE | $200,000 |
CANDID PURPOSE: ANNUAL SUPPORT | $5,000 |