Foundation For Child Development
- Assets
- $119.7m
- Revenue
- $7.6m
- Investments
- $118.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1938
- Data as of
- 03/2022
- EIN
- 13-1623901
Organization Overview
Foundation For Child Development is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Child Development 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 03/2022, Foundation For Child Development generated $7.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $5.8m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foundation For Child Development has awarded 162 individual grants totaling $17,804,696. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
YOUNG SCHOLARS PROGRAM - SUPPORTS A GROWING NETWORK OF EARLY CAREER SCHOLARS TAKING ON RESEARCH PROJECTS THAT ARE POLICY- AND PRACTICE-RELEVANT AND EXAMINE THE PREPARATION, COMPENSATION, WELL-BEING, AND ON-GOING PROFESSIONAL LEARNING OF THE EARLY CARE AND EDUCATION WORKFORCE. THE FOUNDATION NOT ONLY PROVIDES GRANTS TO SUPPORT THEIR WORK, BUT ALSO CONVENES MEETINGS AND WORKSHOPS THAT ENCOURAGE NETWORKING AND MENTORING IN ADDITION TO PROFESSIONAL DEVELOPMENT TO BUILD RESEARCH AND COMMUNICATIONS SKILLS. THE CURRENT NETWORK INCLUDES 67 YOUNG SCHOLARS AND 11 INAUGURAL PROMISING SCHOLARS.
POLICY & COMMUNICATIONS PROGRAM - LEVERAGES AND AUGMENTS THE IMPACT OF THE FOUNDATION'S GRANTS, THROUGH A STRATEGIC COMMUNICATIONS PROGRAM THAT REACHES OUT TO THE FIELD OF EARLY EDUCATION RESEARCHERS, PRACTITIONERS AND POLICY MAKERS AS WELL AS THE GENERAL PUBLIC THROUGH PUBLICATIONS, AN ELECTRONIC NEWSLETTER AND SOCIAL MEDIA, AND CONVENINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Jones President And CEO | 40 | $365,484 | |
Sara Vecchiotti Vice President | 40 | $213,700 | |
Sherice Brammer Communications Offic | 40 | $84,100 | |
Dorothy Pflager Executive Assistant | 40 | $83,438 | |
Andrea Kent Program Officer | 40 | $81,379 | |
Tim Murray Manager Of Finance & | 40 | $65,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vframework Llc | 3/30/22 | $69,294 |
Goldman Sachs & Co Llc | 3/30/22 | $366,331 |
Neimand Collaborative | 3/30/22 | $70,025 |
Phillips Oppenheim Group Inc | 3/30/22 | $81,111 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $127 |
| Dividends & Interest | $2,238,078 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,378,070 |
| Capital Gain Net Income | $5,402,509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,616,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $361,000 |
| Other employee salaries and wages | $563,145 |
| Pension plans, employee benefits | $280,553 |
| Interest | $0 |
| Taxes | $110,500 |
| Depreciation | $0 |
| Occupancy | $71,548 |
| Travel, conferences, and meetings | $45,886 |
| Printing and publications | $0 |
| Other expenses | $195,900 |
| Total operating and administrative expenses | $2,276,363 |
| Contributions, gifts, grants paid | $3,500,000 |
| Total expenses and disbursements | $5,776,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,489 |
| Savings and temporary cash investments | $1,290,845 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $96,803,613 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $119,744,027 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Foundation For Child Development has awarded $7,183,622 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: ECE WORKFORCE | $1,332,970 |
Boston, MA PURPOSE: ECE WORKFORCE | $563,262 |
BRAZELTON TOUCHPOINTS PROJECT INCCO BRAZELTON TOUCHPOINTS CENTER PURPOSE: ECE WORKFORCE | $287,348 |
BRAZELTON TOUCHPOINTS PROJECT INCCO BRAZELTON TOUCHPOINTS CENTER PURPOSE: ECE WORKFORCE | $285,652 |
Washington, DC PURPOSE: ECE WORKFORCE | $222,000 |
Washington, DC PURPOSE: YOUNG SCHOLARS PROGRAM | $222,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Lindley Academy Charter School At Birney Philadelphia, PA | $8,724,796 | $15,521,412 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Tech Impact Philadelphia, PA | $10,895,345 | $15,289,025 |
Tikva Corp West Caldwell, NJ | $10,446,184 | $12,711,125 |