Childrens Hunger Fund Legacy Foundation
- Assets
- $11.3m
- Revenue
- $10.5m
- Investments
- $30.1k
- Employees
- 0
- Location
- Mission Hills, CA
- Founding
- 10/1997
- Data as of
- 03/2021
- EIN
- 91-1851417
Organization Overview
Childrens Hunger Fund Legacy Foundation is located in Mission Hills, CA. The organization was established in 1997. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Hunger Fund Legacy 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 03/2021, Childrens Hunger Fund Legacy Foundation generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.1% each year . All expenses for the organization totaled $804.5k during the year ending 03/2021. While expenses have increased by 3.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE FOOD AND RELIEF ITEMS TO NEEDY CHILDREN IN THE UNITED STATES AND OVERSEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 1,130,677 RICE AND FORTIFIED SOY PROTEIN MEALS IN MULTI-SERVING DRY FOOD PACKS THAT BENEFITED 3,000 ORPHANS AT 50 ORPHANAGES IN CAMBODIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Phillips President | OfficerTrustee | 2 | $0 |
Steve Mccormick Chairman Of The Board | OfficerTrustee | 1 | $0 |
Dick Griffith Vice Chair | OfficerTrustee | 1 | $0 |
Del Owyoung Treasurer & Secretary | OfficerTrustee | 1 | $0 |
Jason Hartung Vice President Of Finance (cfo) | Officer | 1 | $0 |
Michael Richards Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,466,496 |
| Investment income | $60,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,536,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $419,974 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,899 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,358 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,732 |
| Information technology | $660 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $804,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,162,592 |
| Savings and temporary cash investments | $7,512,812 |
| 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 | $4,133 |
| Investments—publicly traded securities | $2,606,943 |
| Investments—other securities | $30,054 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,316,534 |
| Accounts payable and accrued expenses | $3,125 |
| 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 | $3,125 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $11,313,409 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Childrens Hunger Fund Legacy Foundation has recieved totaling $199,317.
| Awarding Organization | Amount |
|---|---|
Reach Now International Inc Tulsa, OK PURPOSE: HUMANITARIAN AID AND RELIEF | $198,634 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $183 |
Endowment Analysis
| Beg. Balance | $1,214,751 |
| Earnings | $399,864 |
| Net Contributions | $1,042,382 |
| Other Expense | $20,000 |
| Ending Balance | $2,636,997 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feeding San Diego San Diego, CA | $19,422,905 | $77,648,775 |
Foodshare Inc Oxnard, CA | $17,778,364 | $49,627,077 |
Heart Of Compassion Distribution Montebello, CA | $1,795,358 | $41,165,475 |
Diabetes Prevention And Aid Fund Inc Nogales, AZ | $212,158 | $20,461,297 |
Placer Food Bank Roseville, CA | $7,740,934 | $18,026,272 |
Meals On Wheels People Inc Portland, OR | $42,017,296 | $20,790,063 |
Merced County Food Bank Merced, CA | $11,550,036 | $16,482,554 |
Akshaya Patra Foundation Usa Canoga Park, CA | $10,157,054 | $12,146,797 |
Flagstaff Family Food Center Flagstaff, AZ | $4,578,201 | $12,934,746 |
Touch Of Kindness Los Angeles, CA | $3,256,927 | $10,368,468 |
Urban Gleaners Portland, OR | $1,835,186 | $7,054,041 |
Gleaners Of Clackamas County Incorporated Oregon City, OR | $819,886 | $6,287,865 |