Children Of Fallen Patriots Foundation
- Assets
- $18.3m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 40
- Location
- Reston, VA
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 47-0902295
Organization Overview
Children Of Fallen Patriots Foundation is located in Reston, VA. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Children Of Fallen Patriots Foundation employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children Of Fallen Patriots 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 12/2022, Children Of Fallen Patriots Foundation generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $14.0m during the year ending 12/2022. While expenses have increased by 17.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES COLLEGE SCHOLARSHIPS AND EDUCATIONAL COUNSELING TO MILITARY CHILDREN WHO HAVE LOST A PARENT IN THE LINE OF DUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS:PROVIDED COLLEGE SCHOLARSHIPS AND EDUCATIONAL COUNSELING TO MILITARY CHILDREN WHO HAVE LOST A PARENT IN THE LINE OF DUTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Heffernan President | Officer | 40 | $375,367 |
Peter Hogarth Chief Financial Officer | Officer | 40 | $259,308 |
Steven Smith Corporate Development Officer | 40 | $186,905 | |
Luisa Zhou Controller | 40 | $166,677 | |
Katrina Hartwell Senior Director Development | 40 | $148,756 | |
Bana Miller Senior Director Marketing | 40 | $140,368 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cipriani 42nd Street Lessee Event Space | 12/30/22 | $230,726 |
Riverside Yacht Club Event Space | 12/30/22 | $125,203 |
Northeast Tent Productions Event Items | 12/30/22 | $110,603 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,843 |
| Membership dues | $0 |
| Fundraising events | $5,454,525 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,879,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,355,573 |
| Total Program Service Revenue | $0 |
| Investment income | $73,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$368,646 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,060,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,746,920 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $676,635 |
| Compensation of current officers, directors, key employees. | $110,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,906,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $196,217 |
| Payroll taxes | $178,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,235 |
| Advertising and promotion | $168,743 |
| Office expenses | $317,099 |
| Information technology | $169,403 |
| Royalties | $0 |
| Occupancy | $39,073 |
| Travel | $182,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $285,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,880 |
| All other expenses | $0 |
| Total functional expenses | $13,994,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,133,752 |
| Savings and temporary cash investments | $12,372,354 |
| Pledges and grants receivable | $1,590,632 |
| 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 | $168,022 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,264,760 |
| Accounts payable and accrued expenses | $189,190 |
| 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 | $189,190 |
| Net assets without donor restrictions | $13,929,907 |
| Net assets with donor restrictions | $4,145,663 |
| 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 | $18,264,760 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Children Of Fallen Patriots Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |