Childserve Foundation Inc
- Assets
- $16.6m
- Revenue
- $4.8m
- Investments
- $1.3m
- Employees
- 9
- Location
- Johnston, IA
- Founding
- 03/1981
- Data as of
- 06/2023
- EIN
- 42-1157665
Organization Overview
Childserve Foundation Inc is located in Johnston, IA. The organization was established in 1981. 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. As of 06/2023, Childserve Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childserve 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 06/2023, Childserve Foundation Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 14.3% per year over the past 8 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.
Since 2015, Childserve Foundation Inc has awarded 52 individual grants totaling $20,304,225. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE WELL-BEING OF CHILDREN WITH SPECIAL HEALTHCARE NEEDS BY DEVELOPING, RECEIVING, AND GRANTING FINANCIAL ASSISTANCE TO CHILDSERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022-2023, THE FOUNDATION DISTRIBUTED $3,619,331 TO CHILDSERVE ORGANIZATIONS AND PROGRAMS ACROSS THE STATE. FOUNDATION FUNDS ARE DISTRIBUTED TO PROGRAMS WITH A FOCUS ON ENABLING GROWTH AND EXPANSION TO SERVE MORE CHILDREN AND FAMILIES, OPENING NEW PROGRAMS, ENHANCING FACILITIES; INVESTING IN CARE ENHANCEMENTS THROUGH PROGRAM SUPPORT; AND PURCHASING ADAPTIVE, MEDICAL, OR REHABILITATION EQUIPMENT AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Wahlig CEO | OfficerTrustee | 1 | $0 |
Dave Mckenzie President/coo | Officer | 1 | $0 |
Erica Axiotis VP Of Development | 40 | $134,237 | |
Jordan Williams Director Of Public Relations | 40 | $107,665 | |
Joanie Houston Chair | OfficerTrustee | 2 | $0 |
Joel Nelson Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $983,160 |
| Related organizations | $1,330,465 |
| Government grants | $338 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,750,998 |
| Noncash contributions included in lines 1a–1f | $3,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,064,961 |
| Total Program Service Revenue | $0 |
| Investment income | $282,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$260,289 |
| Net Income from Fundraising Events | -$284,630 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,802,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,619,331 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $646,031 |
| Pension plan accruals and contributions | $22,408 |
| Other employee benefits | $42,421 |
| Payroll taxes | $46,301 |
| 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 | $19,958 |
| Advertising and promotion | $0 |
| Office expenses | $2,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,060 |
| Travel | $8,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,876 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,059 |
| Insurance | $0 |
| All other expenses | $587 |
| Total functional expenses | $4,710,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,617 |
| Savings and temporary cash investments | $12 |
| Pledges and grants receivable | $1,316,120 |
| Accounts receivable, net | $125,900 |
| 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 | $4,495 |
| Net Land, buildings, and equipment | $28,428 |
| Investments—publicly traded securities | $4,635,398 |
| Investments—other securities | $1,329,819 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,978,763 |
| Total assets | $16,571,552 |
| Accounts payable and accrued expenses | $42,713 |
| Grants payable | $0 |
| Deferred revenue | $775,674 |
| 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 | $68,252 |
| Total liabilities | $886,639 |
| Net assets without donor restrictions | $6,882,059 |
| Net assets with donor restrictions | $8,802,854 |
| 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 | $16,571,552 |
Grants Awarded
Over the last fiscal year, Childserve Foundation Inc has awarded $3,619,331 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDSERVE HABILITATION CENTER PURPOSE: EXPANSION OF SERVICES | $1,818,326 |
CHILDSERVE CLINIC INC PURPOSE: PROGRAM SUPPORT-ADAPTIVE EQUIPMENT | $464,092 |
CHILDSERVE MEDICAL EQUIPMENT & SUPPLY PURPOSE: PROGRAM SUPPORT-ADAPTIVE EQUIPMENT | $18,724 |
CHILDSERVE COMMUNITY OPTIONS PURPOSE: EXPANSION OF SERVICES-PROGRAM SUPPORT | $268,695 |
CHILDSERVE HOMES INC PURPOSE: ADAPTIVE EQUIPMENT-PROGRAM SUPPORT | $195,143 |
CHILDSERVE INC PURPOSE: PROGRAM SUPPORT - TECHNOLOGY | $88,282 |