Another Child Foundation
- Assets
- $75.3k
- Revenue
- $707.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Lafayette, LA
- Founding
- 07/2011
- Data as of
- 12/2023
- EIN
- 27-3219984
Organization Overview
Another Child Foundation is located in Lafayette, LA. The organization was established in 2011. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Another Child Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Another Child 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 12/2023, Another Child Foundation generated $707.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $750.4k during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF ANOTHER CHILD FOUNDATION TO REACH TEACH AND TRANSFORM LIVES OF ORPHANED AND AT RISK CHILDREN IN ROMANIA BY PARTNERING WITH FUNDATIA BUCKNER ROMANIA AND OTHER UNDER PRIVILEDGED COUNTRIES WORLDWIDE. WE WORK THROUGH LOCAL AGENCIES IN TARGET COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANOTHER CHILD FOUNDATION PROVIDES LIFE SKILLS AND EDUCATIONAL NEEDS BY OPERATING A CHILD DEVELOPMENT CENTER FOR AT RISK CHILDREN IN ROMANIA. WE ACCOMPLISHED OUR MISSION BYPARTNERING WITH FUNDATIA BUCKNER.
ANOTHER CHILD FOUNDATION PROVIDED FUNDING TO SUPPORT CHILDREN'S HOMES IN GUATEMALA AND HONDURAS.
ANOTHER CHILD FOUNDATION PROVIDED HUMANITARIAN AID TO AT-RISK CHILDREN IN THE UNITED STATES. AID DISTRIBUTED INCLUDING WINTER CLOTHING AND SCHOOL SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Oloffson Executive Director | Trustee | 40 | $75,333 |
John Frank Reeve Board Member | Trustee | 2 | $0 |
Jared Oloffson Board Member | Trustee | 36 | $36,000 |
Jessica Huettel Board Member | Trustee | 2 | $0 |
Jan Larson Board Member | Trustee | 2 | $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 | $712,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $712,295 |
| Total Program Service Revenue | $0 |
| Investment income | -$4,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $707,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,926 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $294,367 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,333 |
| Compensation of current officers, directors, key employees. | $18,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,151 |
| Fees for services: Management | $15,023 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,838 |
| Office expenses | $18,735 |
| Information technology | $8,128 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $119,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $511 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,395 |
| All other expenses | $0 |
| Total functional expenses | $750,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,682 |
| Savings and temporary cash investments | $0 |
| 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 | $7,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,275 |
| 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 | $75,275 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $75,275 |