Childrens Fund Inc
- Assets
- $652.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/1976
- Data as of
- 06/2023
- EIN
- 74-1870298
Organization Overview
Childrens Fund Inc is located in Houston, TX. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Fund 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, Childrens Fund Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 10.5% 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, Childrens Fund Inc has awarded 136 individual grants totaling $6,802,248. 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
SUPPORT ORGANIZATIONS PROVIDING MEDICAL AND SOCIAL CARE FOR NEEDY CHILDREN IN THE HOUSTON AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAM: THE CHILDREN'S FUND, INC. FOCUSES ON CHARITIES WITH SMALL BUDGETS, MINIMAL FUND-RAISING ABILITY, SMALL ADMINISTRATIVE DEPARTMENTS, LACK OF GOVERNMENT OR OTHER CHARITY SUPPORT, AND LACK OF EXPOSURE TO THE BUSINESS COMMUNITY. THESE CHARITIES PROVIDE MEDICAL, EDUCATIONAL AND SOCIAL CARE FOR NEEDY CHILDREN IN THE GREATER HOUSTON METROPOLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Wallace Gala Chair | Trustee | 2 | $0 |
Allison Wallace Gala Chair | Trustee | 2 | $0 |
Jack Foster Auction Chair | Trustee | 2 | $0 |
Blair Foster Auction Chair | Trustee | 2 | $0 |
Jack Doherty Auction Chair | Trustee | 2 | $0 |
Jennifer Doherty Auction Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $949,480 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,761 |
| Noncash contributions included in lines 1a–1f | $502,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,165,241 |
| Total Program Service Revenue | $0 |
| Investment income | $39,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$133,617 |
| Net Income from Gaming Activities | $58,675 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,129,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,297,130 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,267 |
| All other expenses | $0 |
| Total functional expenses | $1,349,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,490 |
| Savings and temporary cash investments | $575,005 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $652,495 |
| 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 | $652,495 |
| 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 | $652,495 |
Grants Awarded
Over the last fiscal year, Childrens Fund Inc has awarded $1,297,130 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERSHIP FOR THE ADVANCEMENT AND IMMERSION OF REFUGEES PURPOSE: PAIR EMPOWERS REFUGEE YOUTH TO NAVIGATE AMERICAN SOCIETY, REACH THEIR ACADEMIC POTENTIAL, AND BECOME COMMUNITY LEADERS. | $79,130 |
PROJECT ONE DAY PURPOSE: PROJECT ONE DAY'S MISSION IS TO BRING THE LOVE AND SAFETY OF JESUS CHRIST TO INFANTS AND TODDLERS OF LOW-INCOME SINGLES IN HOUSTON. | $30,000 |
HARBOR CHRISTIAN ACADEMY PURPOSE: HARBOR CHRISTIAN ACADEMY EXISTS TO TRANSFORM STUDENTS FROM VARIED BACKGROUNDS ACROSS HOUSTON THROUGH A CLASSICAL AND CHRISTIAN EDUCATION TO THE GLORY OF GOD. IT PRIMARILY SERVES STUDENTS FROM LOW-INCOME FAMILIES. | $72,000 |
ICONOCLAST ARTISTS PURPOSE: ICONOCLAST ARTISTS IS COMMITTED TO CREATING LEARNING ENVIROMENTS OF EQUITABLE ACCESS IN THE MOST RESOURCE DEPLETED SCHOOLS IN HOUSTON. | $70,000 |
FOSTERING FAMILY AKA THE RIVERSIDE PROJECT PURPOSE: THE RIVERSIDE PROJECT IS MOBILIZING HOUSTON TO EMPOWER FAMILIES AND TRANSFORM GENERATIONS. | $150,000 |
CHAMPION INSTITUTE PURPOSE: CHAMPION INSTITUTE EXISTS TO INSPIRE, COACH AND TRAIN YOUNG MALES WHO GROW UP WITHOUT A FATHER. CHAMPION SERVES TO CHAMPION THEIR FUTURE. IT IS DEDICATED TO HEALING THE DEEP WOUNDS OF FATHERLESSNESS FELT BY YOUNG MALES ACROSS THE GREATER HOUSTON AREA. | $100,000 |