Childrens Funding Project
- Assets
- $4.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 84-3704279
Organization Overview
Childrens Funding Project is located in Washington, DC. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Funding Project 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 12/2022, Childrens Funding Project generated $3.1m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING THE CAPACITY OF COMMUNITIES TO CLOSE EQUITY & OPPORTUNITY GAPS FOR CHILDREN AND YOUTH BY EFFECTIVELY LEVERAGING EXISTING FUNDING, GENERATING NEW REVENUE, & DEVELOPING COLLABORATIVE INFRASTRUCTURE TO ADMINISTER FUNDS IN A COORDINATED FASHION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S FUNDING PROJECT PROVIDES HANDS-ON TECHNICAL ASSISTANCE, RESOURCES, AND OTHER SERVICES THAT HELP ADVOCATES, POLICYMAKERS, PUBLIC AGENCIES, AND FUNDERS IDENTIFY AND ALIGN EXISTING FUNDING, GENERATE NEW REVENUE, AND IMPLEMENT STRATEGIES TO ADMINISTER FUNDS IN WAYS THAT HELP ALL CHILDREN AND YOUTH THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Gaines Chief Executive Officer | Officer | 40 | $169,493 |
Ryan Lugalia-Hollon Chair | OfficerTrustee | 1 | $0 |
Harriet Dichter Secretary | OfficerTrustee | 1 | $0 |
Vikki Frank Treasurer | OfficerTrustee | 1 | $0 |
Karen Pittman Vice Chair (thru 12/2022) | OfficerTrustee | 1 | $0 |
Thomas Devaney Chief Administrative Offic | 40 | $138,621 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Margaret Brodkin And Associates Consultant For Fng | 12/30/22 | $111,000 |
Afton Partners Consultant For Mn Great Start For Kids | 12/30/22 | $280,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,016,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,035,422 |
| Total Program Service Revenue | $1,004,922 |
| Investment income | $13,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,053,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,000 |
| 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. | $187,864 |
| Compensation of current officers, directors, key employees. | $46,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,179,834 |
| Pension plan accruals and contributions | $33,416 |
| Other employee benefits | $167,077 |
| Payroll taxes | $110,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,444 |
| Fees for services: Accounting | $83,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $889,921 |
| Advertising and promotion | $500 |
| Office expenses | $17,606 |
| Information technology | $11,545 |
| Royalties | $0 |
| Occupancy | $1,675 |
| Travel | $32,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,484 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,911 |
| Insurance | $14,676 |
| All other expenses | $4,547 |
| Total functional expenses | $2,815,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,915,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,030,565 |
| Accounts receivable, net | $189,393 |
| 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 | $4,760 |
| Net Land, buildings, and equipment | $12,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,633 |
| Total assets | $4,163,362 |
| Accounts payable and accrued expenses | $121,875 |
| Grants payable | $0 |
| Deferred revenue | $6,280 |
| 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 | $10,633 |
| Total liabilities | $138,788 |
| Net assets without donor restrictions | $401,149 |
| Net assets with donor restrictions | $3,623,425 |
| 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 | $4,163,362 |
Grants Awarded
Over the last fiscal year, Childrens Funding Project has awarded $40,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BLUEPRINT NORTH CAROLINA PURPOSE: GENERAL SUPPORT | $6,500 |
WASHINGTON STEM PURPOSE: GENERAL SUPPORT | $20,000 |
PRESCHOOL PROMISE INC PURPOSE: GENERAL SUPPORT | $8,000 |
FIRST STEPS KENT PURPOSE: GENERAL SUPPORT | $6,000 |