Washington Children S Foundation
- Assets
- $14.7m
- Revenue
- $1.7m
- Investments
- $14.3m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2008
- Data as of
- 10/2023
- EIN
- 20-5877229
Organization Overview
Washington Children S Foundation is located in Washington, DC. The organization was established in 2008. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Children S Foundation 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 10/2023, Washington Children S Foundation generated $1.7m 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 (4.9%) each year. All expenses for the organization totaled $1.6m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Washington Children S Foundation has awarded 40 individual grants totaling $11,921,819. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED TO CHILDREN'S CHARITIES INGLUDING: SAFE SHORES, CHILDREN'S HOSPITAL FOUNDATION, ROSEMOUNT CENTER, BRIGHT BEGINNINGS, AND CHILDREN'S LAW CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ryan Executive Director | 40 | $80,505 | |
Charles Wilkes President | 5 | $0 | |
Walter Pryor Treasurer | 5 | $0 | |
Karen Hardwick Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $472,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,217,972 |
| Capital Gain Net Income | $1,217,972 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,690,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,505 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $69,258 |
| Depreciation | $0 |
| Occupancy | $19,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,064 |
| Total operating and administrative expenses | $243,303 |
| Contributions, gifts, grants paid | $1,330,677 |
| Total expenses and disbursements | $1,573,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $377,656 |
| Net Accounts receivable | $1,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,391,233 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,717,578 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $138,077 |
| Total liabilities | $138,077 |
Grants Awarded
Over the last fiscal year, Washington Children S Foundation has awarded $1,330,677 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT BEGINNINGS PURPOSE: TO AID IN THE DEVELOPMENT AND EDUCATION OF CHILDREN IN THE DC AREA. | $175,000 |
CHILDREN'S HOSPITAL PURPOSE: TO AID IN THE DEVELOPMENT AND EDUCATION OF CHILDREN IN THE DC AREA. | $629,122 |
ROSEMOUNT CENTER PURPOSE: TO AID IN THE DEVELOPMENT AND EDUCATION OF CHILDREN IN THE DC AREA. | $50,000 |
SAFE SHORES - THE DC CHILDREN'S ADVOCACY CENTER PURPOSE: TO AID IN THE DEVELOPMENT AND EDUCATION OF CHILDREN IN THE DC AREA. | $470,555 |
NATIONAL THEATER FOUNDATION PURPOSE: TO AID IN THE DEVELOPMENT AND EDUCATION OF CHILDREN IN THE DC AREA. | $6,000 |