Childrens Home Foundation
- Assets
- $28.9m
- Revenue
- $2.6m
- Investments
- $2.4m
- Employees
- 3
- Location
- Lubbock, TX
- Founding
- 05/1996
- Data as of
- 01/2022
- EIN
- 75-2622657
Organization Overview
Childrens Home Foundation is located in Lubbock, TX. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 01/2022, Childrens Home Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Home 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 01/2022, Childrens Home Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.2m during the year ending 01/2022. While expenses have increased by 3.9% per year over the past 7 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
PROVIDE SUPPORT FOR THE CHILDRENS' HOME OF LUBBOCK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING TO TAX-EXEMPT ENTITY PROVIDING CARE FOR DISADVANTAGED CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Creel President | Officer | 42 | $81,285 |
Jim Henson Chairman | OfficerTrustee | 1 | $0 |
Victor Hines Secretary | OfficerTrustee | 0.25 | $0 |
Ada Rummel Vice Chairman | OfficerTrustee | 0.5 | $0 |
Jimmy Moore Director | Trustee | 1 | $0 |
Tony Ellison Director | Trustee | 0.5 | $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 | $603,356 |
| Noncash contributions included in lines 1a–1f | $76,186 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,356 |
| Total Program Service Revenue | $12,000 |
| Investment income | $996,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $738,435 |
| Net Rental Income | $1,899 |
| Net Gain/Loss on Asset Sales | $229,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,581,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $835,000 |
| 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. | $90,249 |
| Compensation of current officers, directors, key employees. | $90,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,863 |
| Pension plan accruals and contributions | $8,852 |
| Other employee benefits | $12,029 |
| Payroll taxes | $13,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,941 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,000 |
| Office expenses | $7,777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,496 |
| Travel | $10,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,669 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $784 |
| Insurance | $3,096 |
| All other expenses | $1,624 |
| Total functional expenses | $1,223,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,782 |
| 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 | $109,601 |
| Investments—publicly traded securities | $23,645,277 |
| Investments—other securities | $2,355,238 |
| Investments—program-related | $0 |
| Intangible assets | $2,641,857 |
| Other assets | $0 |
| Total assets | $28,885,952 |
| Accounts payable and accrued expenses | $1,946 |
| 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 | $88,991 |
| Total liabilities | $90,937 |
| Net assets without donor restrictions | $14,444,381 |
| Net assets with donor restrictions | $14,350,634 |
| 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 | $28,885,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Home Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSES | $25,000 |
Endowment Analysis
| Beg. Balance | $13,810,042 |
| Net Contributions | $500,592 |
| Ending Balance | $14,310,634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Love Family Affiliated Fund Of The Oklahoma City Community Foundation Oklahoma City, OK | $15,024,266 | $3,226,115 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Axia International Spring, TX | $1,284,457 | $5,701,769 |
Shelton Landmark Foundation Dallas, TX | $120,539,366 | $9,909,394 |
Carry The Load Dallas, TX | $2,418,969 | $4,944,762 |