Cullen Childrens Foundation
- Assets
- $4.5m
- Revenue
- $385.7k
- Investments
- $0.0
- Employees
- 1
- Location
- West Fargo, ND
- Founding
- 02/2005
- Data as of
- 12/2023
- EIN
- 77-0636521
Organization Overview
Cullen Childrens Foundation is located in West Fargo, ND. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cullen Childrens 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 12/2023, Cullen Childrens Foundation generated $385.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $336.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cullen Childrens Foundation has awarded 76 individual grants totaling $2,670,136. 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 PROVIDE FINANCIAL RESOURCES TO CHILDREN SUFFERING FROM CANCER OR WITH A DISABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HELPED THE COMMUNITY BY GRANTING MONEY TO CHILDREN'S HEALTHCARE ORGANIZATIONS WITH AN EMPHASIS ON CANCER. THE FOUNDATION GRANTED MONEY TO RONALD MCDONALD HOUSE, MAKE A WISH FOUNDATION, HOPE, INC., OUTDOOR ADVENTURE FOUNDATION, KAMP KACE, HOUSE OF EVERYDAY LEARNING, AND LEND A HAND UP. A PORTION OF THE PROCEEDS RAISED WILL BE KEPT TO MAINTAIN AN ENDOWMENT FUND FOR THE FUTURE OF THE FOUNDATION.PROJECTGRACE IS AN INITIATIVE OF THE CULLEN CHILDREN'S FOUNDATION DESIGNED TO ASSIST LOCAL CHILDREN IN NEED OF DURABLE MEDICAL EQUIPMENT AND OTHER TANGIBLE DEVICES THAT ARE NOT COVERED BY INSURANCE. THE GOAL IS TO SPREAD GRACE TO KIDS WHO ARE SUFFERING FROM AN ILLNESS OR DISABILITY WHO NEED A LITTLE SOMETHING EXTRA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Cullen Executive Director | OfficerTrustee | 5 | $0 |
Matt Cullen President | OfficerTrustee | 0.1 | $0 |
Michele Carney Vice President | OfficerTrustee | 0.1 | $0 |
Nola Mcneally Secretary | OfficerTrustee | 0.1 | $0 |
Terry Cullen Treasurer | OfficerTrustee | 0.1 | $0 |
Dale Lian Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $680 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,138 |
| Noncash contributions included in lines 1a–1f | $50,183 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,818 |
| Total Program Service Revenue | $0 |
| Investment income | $138,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,707 |
| Net Income from Fundraising Events | -$7,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $253,205 |
| Grants and other assistance to domestic individuals. | $5,987 |
| 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 | $27,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26 |
| Fees for services: Accounting | $10,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,634 |
| Fees for services: Other | $18 |
| Advertising and promotion | $0 |
| Office expenses | $809 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,840 |
| Travel | $1,143 |
| 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 | $3,281 |
| All other expenses | $0 |
| Total functional expenses | $336,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,601 |
| 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 | $2,904,336 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,517,560 |
| Total assets | $4,464,497 |
| Accounts payable and accrued expenses | $1,165 |
| Grants payable | $300,000 |
| 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 | $301,165 |
| Net assets without donor restrictions | $2,645,772 |
| Net assets with donor restrictions | $1,517,560 |
| 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 | $4,464,497 |
Grants Awarded
Over the last fiscal year, Cullen Childrens Foundation has awarded $197,200 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE INC PURPOSE: TO FUND THE PURCHASE OF SPECIAL NEEDS BIKES | $16,200 |
LEND A HAND UP PURPOSE: TO SUPPORT YOUTH OF 18 AND UNDER WHO ARE STRUGGLING HEALTH BATTLES | $30,000 |
MAKE A WISH FOUNDATION PURPOSE: FUNDS USED TO GRANT THE WISHES OF CHILDREN WITH LIFE-THREATENING MEDICAL CONDITIONS TO ENRICH THE HUMAN EXPERIENCE WITH HOPE, STRENGTH AND JOY. | $35,000 |
OUTDOOR ADVENTURE FOUNDATION PURPOSE: HUNTING AND FISHING ADVENTURES FOR CHILDREN UNDER THE AGE OF 18 AND YOUNG ADULTS UNDER THE AGE OF 25 WITH CANCER OR OTHER LIFE THREATENING ILLNESSES. | $25,000 |
RONALD MCDONALD PURPOSE: FUNDS HOUSING OF FAMILIES WHO HAVE CHILDREN CURRENTLY RECEIVING CARE AT LOCAL HOSPITALS | $25,000 |
HOUSE OF EVERYDAY LEARNING PURPOSE: FUNDS THE COST OF EQUINE THERAPY FOR CHILDREN WHO ARE UNABLE TO COVER THE COST | $7,000 |