Cu Kids At Heart Inc
- Assets
- $250.0k
- Revenue
- $443.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, MA
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 81-4905853
Organization Overview
Cu Kids At Heart Inc is located in Burlington, MA. The organization was established in 2017. 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. Cu Kids At Heart Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Cu Kids At Heart Inc has awarded 12 individual grants totaling $1,680,255. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CHILDREN LEAD HEALTHY AND HAPPY LIVES THROUGH THE FUNDING OF MEDICAL RESEARCH ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION LEVERAGES THE COLLECTIVE IMPACT OF CREDIT UNION CHARITABLE EFFORTS BY OBTAINING DONATIONS FROM CREDIT UNIONS THROUGHOUT THE UNITED STATES, THEIR EMPLOYEES AND MEMBERS, RELATED SUPPORTING CORPORATIONS, RELATED CHARITABLE ORGANIZATIONS AND THE GENERAL PUBLIC. THE DONATIONS RAISED ARE CONTRIBUTED TO VARIOUS NON-PROFIT ENTITIES TO FUND PEDIATRIC MEDICAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asim Mian Director | OfficerTrustee | 1 | $0 |
Cynthia Nelson President | OfficerTrustee | 1 | $0 |
Robert Bartol Secretary/clerk | OfficerTrustee | 1 | $0 |
David Hoang Treasurer | OfficerTrustee | 2 | $0 |
Jane Melchionda Former President | OfficerTrustee | 1 | $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 | $436,674 |
| Noncash contributions included in lines 1a–1f | $3,633 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $436,674 |
| Total Program Service Revenue | $0 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,434 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $443,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $615,918 |
| 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 | $7,333 |
| 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 | $1,287 |
| 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 | $269 |
| Insurance | $0 |
| All other expenses | $1,508 |
| Total functional expenses | $626,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,920 |
| Savings and temporary cash investments | $0 |
| 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 | $4,069 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6 |
| Total assets | $249,995 |
| Accounts payable and accrued expenses | $3,700 |
| 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 | $3,700 |
| Net assets without donor restrictions | $186,445 |
| Net assets with donor restrictions | $59,850 |
| 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 | $249,995 |
Grants Awarded
Over the last fiscal year, Cu Kids At Heart Inc has awarded $615,918 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: FUND RESEARCH ACTIVITIES AIMED AT THE PREVENTION, TREATMENT, AND/OR CURE OF PEDIATRIC NEUROLOGICAL DISEASES, INCLUDING MOYAMOYA DISEASE, CEREBRAL PALSY, PEDIATRIC EPILEPSY AND OTHER SEIZURE DISORDERS, AND PEDIATRIC BRAIN CANCER. | $415,918 |
Atkinson, NE PURPOSE: FUND IMPACTFUL PEDIATRIC BRAIN CANCER RESEARCH AND WORK TO CREATE NATIONAL AWARENESS FOR THE DISEASE. | $100,000 |
Boston, MA PURPOSE: PEDIATRIC BRAIN CANCER RESEARCH TO SUPPORT THE GROUNDBREAKING WORK OF THE PANIGRAHY LAB AT BETH ISRAEL DEACONESS MEDICAL CENTER. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cu Kids At Heart Inc has recieved totaling $21,088.
| Awarding Organization | Amount |
|---|---|
Coastal1 Credit Union Pawtucket, RI PURPOSE: CHARITABLE CONTRIBUTIONS | $10,000 |
Merrimack Valley Credit Union Lawrence, MA PURPOSE: GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Net Contributions | $25,000 |
| Other Expense | -$75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |