Hedge Funds Care Inc
- Assets
- $2.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 43-1959796
Organization Overview
Hedge Funds Care Inc, operating under the name Help For Children, is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Help For Children employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Help For Children 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 12/2021, Help For Children generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Help For Children has awarded 389 individual grants totaling $14,688,386. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HFC IS A CHARITY WHOSE PRINCIPAL MISSION IS TO SUPPORT EFFORTS TO PREVENT AND TREAT CHILD ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS DISBURSED TO AGENCIES THAT SPECIALIZE IN THE PREVENTION AND TREATMENT OF CHILD ABUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sumudu Waas Acting Excutive Director | Officer | 40 | $91,253 |
Renee Skolaski Outgoing CEO | Officer | 40 | $76,046 |
Dean Backer President | OfficerTrustee | 7 | $0 |
Robin Davis Founder & Chairman Emeritus | OfficerTrustee | 1 | $0 |
Glen Dailey Vice President | OfficerTrustee | 2 | $0 |
Natalie Deak Jaros Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,011,666 |
| Related organizations | $0 |
| Government grants | $243,386 |
| All other contributions, gifts, grants, and similar amounts not included above | $655,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,910,466 |
| Total Program Service Revenue | $0 |
| Investment income | -$406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$348,425 |
| Net Income from Gaming Activities | $87,587 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,649,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $949,757 |
| 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. | $185,517 |
| Compensation of current officers, directors, key employees. | $34,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,891 |
| Pension plan accruals and contributions | $37,545 |
| Other employee benefits | $42,255 |
| Payroll taxes | $32,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,280 |
| Advertising and promotion | $0 |
| Office expenses | $26,292 |
| Information technology | $33,248 |
| Royalties | $0 |
| Occupancy | $17,275 |
| Travel | $1,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,229 |
| Insurance | $23,689 |
| All other expenses | $0 |
| Total functional expenses | $1,648,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $822,880 |
| Savings and temporary cash investments | $884,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $389,451 |
| 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 | $229,595 |
| Net Land, buildings, and equipment | $13,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $325,660 |
| Total assets | $2,665,422 |
| Accounts payable and accrued expenses | $61,878 |
| Grants payable | $479,879 |
| Deferred revenue | $40,000 |
| 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 | $581,757 |
| Net assets without donor restrictions | $2,083,665 |
| 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 | $2,665,422 |
Grants Awarded
Over the last fiscal year, Hedge Funds Care Inc has awarded $949,757 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: TO IMPROVE THE EDUCATIONAL TRAJECTORIES OF YOUTH WHO ARE INVOLVED WITH THE CHILD WELFARE SYSTEM, EXPERIENCING HOMELESSNESS OR WHO ARE ON PROBATION. | $35,000 |
San Francisco, CA PURPOSE: TO REDUCE RISK FACTORS AND INCREASE PROTECTIVE FACTORS FOR CHILD ABUSE AMONG THE CHILDREN WHO ARE ADMITTED TO THE SHORT TERM RESIDENTIAL THERAPEUTIC PROGRAM (STRTP) | $35,000 |
Oakland, CA PURPOSE: TO REDUCE AND PREVENT CHILD ABUSE AND NEGLECT AND IMPROVE THE OVERALL WELLBEING OF CHILDREN AND FAMILIES BY PROMOTING AND STRENGTHENING THE PROTECTIVE FACTORS, EFFECTIVE CO-PARENTING AND COMMUNICATION SKILLS AND POSITIVE PARENTING STRATEGIES. | $35,000 |
San Francisco, CA PURPOSE: TO EMPOWER 190 DOMESTIC SURVIVORS OF ALL AGES (75 FAMILIES) WITH HOPE, SUPPORT, AND RESOURCES TO BUILD AND SUSTAIN HEALTHY, VIBRANT, JOYFUL LIVES FREE FROM VIOLENCE AND ABUSE. | $35,000 |
San Francisco, CA PURPOSE: TO PREVENT AND BUILD RESILIENCE TO THE EFFECTS OF ABUSE AND OTHER ADVERSE CHILDHOOD EXPERIENCES. | $35,000 |
Concord, CA PURPOSE: TO PREVENT AND INTERRUPT CHILD ABUSE (PHYSICAL, EMOTIONAL AND SEXUAL BUSE AND NEGLECT), BULLYING, CYBERBULLYING, SEXUAL HARASSMENT AND TECHNOLOGY SAFETY. | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hedge Funds Care Inc has recieved totaling $234,300.
| Awarding Organization | Amount |
|---|---|
Vranos Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $150,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $25,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,800 |
The Barry S Sternlicht Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |