Hedge Funds Care Inc
- Assets
- $3.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 08/2003
- Data as of
- 12/2023
- 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 12/2023, Help For Children employed 5 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 12/2023, Help For Children generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Help For Children has awarded 454 individual grants totaling $16,524,828. 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
2023
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 |
|---|---|---|---|
Alice Hackett Board Member | Trustee | 1 | $0 |
Baron Jacob Board Member | Trustee | 1 | $0 |
Basil Godellas Board Member | Trustee | 1 | $0 |
Beth Wiener Board Member | Trustee | 1 | $0 |
Christopher Zaback Board Member | Trustee | 1 | $0 |
David Mulle Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,978,607 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,804 |
| Noncash contributions included in lines 1a–1f | $73,369 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,485,411 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$634,210 |
| Net Income from Gaming Activities | $79,427 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,930,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,153,097 |
| 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. | $200,134 |
| Compensation of current officers, directors, key employees. | $65,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,690 |
| Pension plan accruals and contributions | $16,665 |
| Other employee benefits | $36,087 |
| Payroll taxes | $34,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,454 |
| Fees for services: Accounting | $54,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,153 |
| Advertising and promotion | $0 |
| Office expenses | $47,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,665 |
| Travel | $7,491 |
| 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 | $1,635 |
| Insurance | $23,009 |
| All other expenses | $5,728 |
| Total functional expenses | $1,884,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,335,892 |
| Savings and temporary cash investments | $883,424 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $486,608 |
| 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 | $137,707 |
| Net Land, buildings, and equipment | $10,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,706 |
| Total assets | $3,024,414 |
| Accounts payable and accrued expenses | $95,430 |
| Grants payable | $581,549 |
| Deferred revenue | $39,850 |
| 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 | $716,829 |
| Net assets without donor restrictions | $2,268,770 |
| Net assets with donor restrictions | $38,815 |
| 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 | $3,024,414 |
Grants Awarded
Over the last fiscal year, Hedge Funds Care Inc has awarded $1,153,097 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR BARTOW'S CHILDREN INC (DBA ADVOCATE FOR CHILDREN) PURPOSE: THE GOAL OF HOPE IN YOUR HOME IS TO PROVIDE A FREE, EVIDENCE-BASED HOME VISITATION PROGRAM THAT GUIDES CAREGIVERS WITH PRACTICAL STRATEGIES TO HELP THEM CONFIDENTLY MANAGE THEIR CHILDRENS BEHAVIOR AND BUILD HEALTHY RELATIONSHIPS. | $20,000 |
BLUE SKY BRIDGE PURPOSE: TO ACHIEVE OUR GOAL OF ENDING CHILD ABUSE AND CHILD SEXUAL ABUSE, BLUE SKY BRIDGES SCHOOL-BASED PREVENTION EDUCATION PROGRAM EMPOWERS 5,500 CHILDREN EVERY YEAR AND EDUCATES OVER 1,000 CARING, CONCERNED, TRUSTED ADULTS IN THE COMMUNITY ANNUALLY, PROVIDING CURRICULUM, TRAINING, RESOURCES, AND OUTREACH MATERIALS THAT AFFIRM BODILY SAFETY, PERSONAL SPACE, AND SAFE AND UNSAFE TOUCH. | $20,000 |
BLYTHEDALE CHILDREN'S HOSPITAL PURPOSE: THE PROJECT GOAL IS TO BRING AWARENESS AND EDUCATION TO CAREGIVERS AND HEALTHCARE PROFESSIONALS ABOUT THE IMPORTANCE OF PROACTIVELY IDENTIFYING AND ADDRESSING MENTAL HEALTH CONCERNS EXIST RATHER THAN REACTING WHEN UNINTENTIONAL MEDICAL NEGLECT HAS ALREADY OCCURRED. | $35,740 |
CASA CENTRAL SOCIAL SERVICES CORPORATION PURPOSE: TO HELP FAMILIES AND INDIVIDUALS WHO HAVE EXPERIENCED VIOLENCE AND TRAUMA GAIN ACCESS TO QUALITY MENTAL HEALTH SERVICES TO HEAL FROM THEIR PAST TRAUMAS, BREAK THE CYCLE OF VIOLENCE, STRENGTHEN CAREGIVER-CHILD RELATIONSHIPS, INCREASE SAFETY, AND LEAD HEALTHY, FULFILLING LIVES. | $25,000 |
CENTER FOR EVALUATION AND COUNSELING INC PURPOSE: TO PROVIDE FORENSIC ASSESSMENT AND MENTAL HEALTH TREATMENT TO CHILDREN AND PARENTS IN FAMILIES WHERE CHILD ABUSE/NEGLECT HAS OCCURRED TO HEAL TRAUMA AND IMPROVE WELL-BEING. | $20,862 |
CHILDREN'S RESEARCH TRIANGLE PURPOSE: FAMILY MIND'S GOAL IS TO INCREASE THE AVAILABILITY OF CHILD ABUSE PREVENTION AND TREATMENT SERVICES FOR CHILDREN AND THEIR FAMILIES. | $24,495 |