Childrens Equity Fund
- Assets
- $119.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- Data as of
- 06/2022
- EIN
- 84-3694024
Organization Overview
Childrens Equity Fund is located in Bethesda, MD. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Equity Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Childrens Equity Fund generated $5.4m in total revenue. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 193.4% per year over the past 2 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 2022, Childrens Equity Fund has awarded 12 individual grants totaling $3,240,000. 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
WE CHAMPION LASTING POLICY CHANGES TO IMPROVE WELL-BEING OF CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIRST FEW YEARS OF LIFE ARE CRITICAL FOR HUMAN DEVELOPMENT. THE BUILDING BLOCKS FOR LIFELONG LEARNING, ECONOMIC PRODUCTIVITY, HEALTH AND WELLBEING, AND POSITIVE RELATIONSHIPS ARE FORMED DURING THIS EARLY CHILDHOOD DEVELOPMENTAL PERIOD. THE FUND WORKS WITH LOCAL AND NATIONAL ORGANIZATIONS TO IMPROVE CONDITIONS FOR YOUNG CHILDREN (BIRTH THROUGH AGE EIGHT) AND THEIR FAMILIES BY ADVANCING EQUITY-DRIVEN PUBLIC POLICIES AND SYSTEMIC CHANGE. THE FUND HAS AWARDED FUNDING TO SIX ADVOCACY ORGANIZATIONS. THESE ORGANIZATIONS EXPLICITLY ADVOCATE FOR INCREASED PUBLIC INVESTMENTS IN EARLY CHILDHOOD PROGRAMS AND SERVICES, WITH ATTENTION TO HISTORICALLY MARGINALIZED POPULATIONS AND COMMUNITIES.
WHILE THE PRIMARY FOCUS OF CEF IS TO ADVANCE POSITIVE OUTCOMES FOR EARLY CHILDHOOD, THE ORGANIZATION ACKNOWLEDGES THE IMPORTANCE OF A HEALTHY DEMOCRACY AND ROBUST CIVIC ENGAGEMENT TO CREATE LASTING SYSTEMS CHANGE. THE INNOVATION FUND AIMS TO ADDRESS SYSTEMIC DISENFRANCHISEMENT OF PEOPLE OF COLOR AROUND THE COUNTRY. CEF ENGAGES POLICY AND ADVOCACY PARTNERS TO INCREASE PUBLIC TURNOUT TO VOTING AND TO EDUCATE VOTERS ABOUT HOW POLICY POSITIONS IMPACT YOUNG CHILDREN AND THEIR FAMILIES. PARTNERS IN THIS SPACE WORK WITH LOCAL COMMUNITY LEADERS AND VOLUNTEERS TO EMPOWER AND EDUCATE VOTERS ABOUT THEIR RIGHTS AND VOTING OPTIONS. THE FIRST GRANTS ISSUED FROM THE INNOVATION FUND OCCURRED IN THE YEAR ENDING JUNE 30, 2022.
CEF HAS FOCUSED ON RESEARCH, LEARNING HOW BEST TO DEPLOY ITS FUNDS, AND BUILDING INFRASTRUCTURE FROM WHICH IT CAN LAUNCH PROGRAM INITIATIVES. THE INFRASTRUCTURE DEVELOPMENT PROGRAM IS INSTRUMENTAL IN EQUIPPING CEF TO ADVANCE POLICY CHANGE FOR YOUNG CHILDREN THROUGH BUILDING THE FINANCIAL, LEGAL, TECHNOLOGY, COMMUNICATIONS AND EVALUATION INFRASTRUCTURE NEEDED TO EFFECTIVELY OPERATE A 501(C)(4) ALONGSIDE A PRIVATE FOUNDATION. THE PROGRAM HAS PRODUCED A DELIBERATE AND THOUGHTFUL PROCESS THAT POSITIONS CEF TO BE AN EFFECTIVE AND IMPACTFUL FUNDER IN THE EARLY CHILDHOOD POLICY ARENA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bainum Director, Member | Trustee | 1 | $0 |
Scott Renschler Director | Trustee | 1 | $0 |
Brad Bainum Director | Trustee | 1 | $0 |
David Daniels President | Officer | 4 | $47,943 |
Angela Deeds Treasurer | Officer | 7 | $39,764 |
Mae Chung Secretary | Officer | 8 | $45,169 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $895,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,471,365 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,367,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,240,000 |
| 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. | $153,989 |
| Compensation of current officers, directors, key employees. | $46,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,980 |
| Pension plan accruals and contributions | $13,370 |
| Other employee benefits | $14,192 |
| Payroll taxes | $15,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,591 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $255,437 |
| Fees for services: Other | $340,126 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $46,240 |
| Royalties | $0 |
| Occupancy | $24,575 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,743 |
| All other expenses | $33,125 |
| Total functional expenses | $4,225,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,078,268 |
| Savings and temporary cash investments | $14,595,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,392 |
| 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 | $101,222,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,106,554 |
| Accounts payable and accrued expenses | $106,849 |
| Grants payable | $250,000 |
| 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 | $168,328 |
| Total liabilities | $525,177 |
| Net assets without donor restrictions | $118,581,377 |
| 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 | $119,106,554 |
Grants Awarded
Over the last fiscal year, Childrens Equity Fund has awarded $3,240,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DC ACTION FOR CHILDREN PURPOSE: EARLY CHILDHOOD PROGRAMS | $1,020,000 |
JEWS UNITED FOR JUSTICE PURPOSE: EARLY CHILDHOOD PROGRAMS | $375,000 |
ALLIANCE FOR YOUTH ACTION PURPOSE: GENERAL OPERATING SUPPORT | $350,000 |
DC FISCAL POLICY INSTITUTE PURPOSE: EARLY CHILDHOOD PROGRAMS | $280,000 |
FUSION PARTNERSHIPS INC PURPOSE: EARLY CHILDHOOD PROGRAMS | $250,000 |
SOCIAL GOOD FUND PURPOSE: EARLY CHILDHOOD PROGRAMS | $200,000 |