Childserve Foundation Inc
- Assets
- $15.3m
- Revenue
- $6.9m
- Investments
- $1.3m
- Employees
- 0
- Location
- Johnston, IA
- Founding
- 03/1981
- Data as of
- 06/2022
- EIN
- 42-1157665
Organization Overview
Childserve Foundation Inc is located in Johnston, IA. The organization was established in 1981. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childserve Foundation Inc 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 06/2022, Childserve Foundation Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 24.6% 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.
Since 2015, Childserve Foundation Inc has awarded 44 individual grants totaling $16,684,894. 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
TO ENHANCE THE WELL-BEING OF CHILDREN WITH SPECIAL HEALTHCARE NEEDS BY DEVELOPING, RECEIVING, AND GRANTING FINANCIAL ASSISTANCE TO CHILDSERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021-2022, THE FOUNDATION DISTRIBUTED $6,571,289 TO CHILDSERVE ORGANIZATIONS AND PROGRAMS ACROSS THE STATE. FOUNDATION FUNDS ARE DISTRIBUTED TO PROGRAMS WITH A FOCUS ON ENABLING GROWTH AND EXPANSION TO SERVE MORE CHILDREN AND FAMILIES, OPENING NEW PROGRAMS, ENHANCING FACILITIES; INVESTING IN CARE ENHANCEMENTS THROUGH PROGRAM SUPPORT; AND PURCHASING ADAPTIVE, MEDICAL, OR REHABILITATION EQUIPMENT AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Axiotis VP Of Development | 40 | $120,651 | |
Teri Wahlig CEO | OfficerTrustee | 1 | $0 |
Nick Gerhart Past Chair | OfficerTrustee | 2 | $0 |
Chris Littlefield Chair | OfficerTrustee | 2 | $0 |
Joel Nelson Secretary/treasurer | OfficerTrustee | 2 | $0 |
Joanie Houston Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,332 |
| Related organizations | $0 |
| Government grants | $1,125,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,793,283 |
| Noncash contributions included in lines 1a–1f | $11,332 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,930,257 |
| Total Program Service Revenue | $0 |
| Investment income | $274,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,776 |
| Net Income from Fundraising Events | $434,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,918,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,571,289 |
| 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 | $550,593 |
| Pension plan accruals and contributions | $19,895 |
| Other employee benefits | $35,923 |
| Payroll taxes | $40,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,989 |
| Advertising and promotion | $0 |
| Office expenses | $68,701 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,642 |
| Travel | $5,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,095 |
| Interest | $9,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,234 |
| Insurance | $513 |
| All other expenses | $3,857 |
| Total functional expenses | $7,531,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,793 |
| Savings and temporary cash investments | $590,562 |
| Pledges and grants receivable | $2,186,246 |
| Accounts receivable, net | $876,167 |
| 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 | $3,495 |
| Net Land, buildings, and equipment | $31,932 |
| Investments—publicly traded securities | $8,172,085 |
| Investments—other securities | $1,318,361 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,070,553 |
| Total assets | $15,317,194 |
| Accounts payable and accrued expenses | $29,583 |
| 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 | $72,406 |
| Total liabilities | $101,989 |
| Net assets without donor restrictions | $6,273,890 |
| Net assets with donor restrictions | $8,941,315 |
| 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 | $15,317,194 |
Grants Awarded
Over the last fiscal year, Childserve Foundation Inc has awarded $6,570,788 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Johnston, IA PURPOSE: PROVIDING PEDIATRIC SKILLED NURSING CARE AND SPECIALTY SERVICES FOR CHILDREN WITH SPECIAL HEALTH CARE NEEDS AND CHRONIC HEALTH CONDITIONS | $5,551,315 |
Johnston, IA PURPOSE: PROVIDING INTEGRATED COMMUNITY CARE AND SERVICES FOR CHILDREN WITH SPECIAL HEALTH CARE NEEDS | $466,240 |
Johnston, IA PURPOSE: PROVIDING SKILLED THERAPY AND SPECIALTY PEDIATRIC CLINICS FOR CHILDREN WITH SPECIAL HEALTH CARE NEEDS | $173,911 |
Johnston, IA PURPOSE: PROVIDING PEDIATRIC SUB-SPECIALTY MEDICAL SERVICES AND PEDIATRIC REHABILITATION SERVICES FOR CHILDREN WITH SPECIAL HEALTH CARE NEEDS | $160,518 |
Johnston, IA PURPOSE: PROVIDING HEALTH CARE IN COMMUNITY BASED GROUP HOMES FOR CHILDREN WITH SPECIAL HEALTH CARE NEEDS | $117,885 |
Johnston, IA PURPOSE: PROVIDING MOBILITY EQUIPMENT, SPECIALTY MEDICAL SUPPLIES, AND SERVICES | $63,396 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Childserve Foundation Inc has recieved totaling $1,061,298.
| Awarding Organization | Amount |
|---|---|
Variety The Childrens Charity Of Iowa Des Moines, IA PURPOSE: Behavioral health clinic | $200,000 |
United Way Of Central Iowa Des Moines, IA PURPOSE: OUTPATIENT THERAPY PROGRAM | $184,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR MEALS ON WHEELS | $150,000 |
Meredith Corporation Foundation Des Moines, IA PURPOSE: GENERAL SUPPORT | $50,000 |
Variety The Childrens Charity Of Iowa Des Moines, IA PURPOSE: Bioness Vector system | $50,000 |
W T And Edna Dahl Trust Des Moines, IA PURPOSE: GENERAL SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $5,150,107 |
| Earnings | -$707,156 |
| Net Contributions | $401,672 |
| Grants | $162,628 |
| Ending Balance | $4,681,995 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lodgic Holdings Inc Mooseheart, IL | $17,554,057 | $6,408,971 |
Illinois Childrens Healthcare Foundation Oak Brook, IL | $172,838,273 | $9,428,256 |
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Presbyterian Homes Foundation Roseville, MN | $93,078,808 | $19,725,550 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Share Our Spare Chicago, IL | $1,000,301 | $3,535,972 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Eastern Congo Initiative Minneapolis, MN | $7,833,187 | $4,435,607 |
Re Power Fund Minneapolis, MN | $5,415,294 | $4,322,617 |
Virginia Henry Charitable Trust 0403231952 Po Box Chicago, IL | $27,737,979 | $3,536,006 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Chaddock Childrens Foundation Quincy, IL | $5,809,375 | $1,961,321 |