Festival Of Children Foundation Inc
- Assets
- $706.1k
- Revenue
- $1.2m
- Investments
- $164.0k
- Employees
- 0
- Location
- Costa Mesa, CA
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 51-0481729
Organization Overview
Festival Of Children Foundation Inc is located in Costa Mesa, CA. The organization was established in 2004. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Festival Of Children 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 12/2022, Festival Of Children Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Festival Of Children Foundation Inc has awarded 120 individual grants totaling $2,788,249. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FESTIVAL OF CHILDREN'S MISSION IS TO IMPROVE THE LIVES OF CHILDREN BY STRENGTHENING THE CHARITIES THAT SERVE THEM THROUGH FOSTERING EDUCATION, ENTERTAINMENT, ART AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVAL OF CHILDREN FOUNDATION ALSO OFFERS PROGRAMS TO STRENGHTEN AND SUPPORT ITS MEMBER CHILDREN'S CHARITIES. CURRENTLY, THERE ARE OVER 480 MEMBER ORGANIZATIONS ACROSS THE UNITED STATES.
FESTIVAL OF CHILDREN FOUNDATION'S PROGRAMS THROUGHOUT THE YEARS ARE DESIGNED TO CREATE COMMUNITY AWARENESS OF ITS MEMBER CHAIRITIES AND THEIR CAUSES. FESTIVAL OF CHILDREN IS THE FOUNDATION'S ANNUAL EVENT WHICH OFFERS A FORUM FOR MEMBER CHILREN'S CHARITIES AND PROVIDES INFORMATION ABOUT THEIR ORANIZATIONS TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassady Taylor Marketing Pr Exec.director | 40 | $286,212 | |
Eileen Daniher Programs Director | 40 | $150,295 | |
Sandra Segerstrom Daniels Executive Dir. | OfficerTrustee | 5 | $0 |
John Daniels Cfo CFO | OfficerTrustee | 0 | $0 |
Nancy Wilson Secretary Secretary | Trustee | 0 | $0 |
Wing Lam Board Member Trustee | Trustee | 0 | $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 | $1,204,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,550 |
| Total Program Service Revenue | $0 |
| Investment income | -$34,407 |
| 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 | $1,170,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,259 |
| 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. | $286,212 |
| Compensation of current officers, directors, key employees. | $28,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,061 |
| Pension plan accruals and contributions | $36,028 |
| Other employee benefits | $38,403 |
| Payroll taxes | $26,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,593 |
| Fees for services: Accounting | $47,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70,280 |
| Office expenses | $0 |
| Information technology | $86,750 |
| Royalties | $0 |
| Occupancy | $42,863 |
| Travel | $7,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,351 |
| Insurance | $4,834 |
| All other expenses | -$54,295 |
| Total functional expenses | $1,156,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,611 |
| Savings and temporary cash investments | $205,406 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,030 |
| 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 | $19,085 |
| Net Land, buildings, and equipment | $12,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $164,044 |
| Investments—program-related | $0 |
| Intangible assets | $7,415 |
| Other assets | $0 |
| Total assets | $706,051 |
| Accounts payable and accrued expenses | $76,267 |
| 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 | $76,267 |
| Net assets without donor restrictions | $426,158 |
| Net assets with donor restrictions | $203,626 |
| 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 | $706,051 |
Grants Awarded
Over the last fiscal year, Festival Of Children Foundation Inc has awarded $226,685 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB DUNDEE | | | $7,504 |
GOLD PACIFIC STUDIOS | | | $100,000 |
CHICAGO ACADEMY FOR ARTS | | | $32,004 |
JESSE REES FOUNDATION | | | $7,504 |
SPIRITO SINGERS | | | $8,529 |
ROYALFAMILYKIDSCAMP#187 | | | $37,589 |