Childrens Village-Family Service Foundation Inc
- Assets
- $5.3m
- Revenue
- $385.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 12/1963
- Data as of
- 12/2023
- EIN
- 45-6013464
Organization Overview
Childrens Village-Family Service Foundation Inc is located in Fargo, ND. The organization was established in 1963. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, 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. Childrens Village-Family Service 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 12/2023, Childrens Village-Family Service Foundation Inc generated $385.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $294.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PERMANENT SUPPORT FOR THE ACTIVITIES AND PROGRAMS OF THE VILLAGE FAMILY SERVICE CENTER.
Describe the Organization's Program Activity:
THE CHILDREN'S VILLAGE FOUNDATION EXISTS TO PROVIDE PERMANENT SUPPORT FOR THE ACTIVITIES AND PROGRAMS OF THE VILLAGE FAMILY SERVICE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Louise Dardis Chairperson | OfficerTrustee | 2 | $0 |
Dr Cory Steiner Vice Chairperson | OfficerTrustee | 1 | $0 |
Paul Zenker Secretary/treasurer | OfficerTrustee | 1 | $0 |
Timothy Sayler Treasurer (until April) | OfficerTrustee | 1 | $0 |
Thomas Rohleder Board Member | Trustee | 1 | $0 |
Gail Bernabucci Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,079 |
| Noncash contributions included in lines 1a–1f | $10,039 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,079 |
| Total Program Service Revenue | $0 |
| Investment income | $174,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | $73,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,004 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,624 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,398 |
| 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 | $1 |
| Total functional expenses | $294,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,752 |
| 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 | $0 |
| Net Land, buildings, and equipment | $716,436 |
| Investments—publicly traded securities | $3,024,528 |
| Investments—other securities | $1,422,569 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,261 |
| Total assets | $5,277,546 |
| Accounts payable and accrued expenses | $0 |
| 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 | $669,718 |
| Total liabilities | $669,718 |
| Net assets without donor restrictions | $4,149,885 |
| Net assets with donor restrictions | $457,943 |
| 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 | $5,277,546 |
Grants Awarded
Over the last fiscal year, Childrens Village-Family Service Foundation Inc has awarded $2,453,137 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE FAMILY SERVICE CENTER PURPOSE: Forgiveness of note receivable | $2,203,133 |
VILLAGE FAMILY SERVICE CENTER PURPOSE: Operating support | $250,004 |