Children Of Fallen Patriots Foundation
- Assets
- $16.3m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Reston, VA
- Founding
- 01/2003
- Data as of
- 12/2023
- EIN
- 47-0902295
Organization Overview
Children Of Fallen Patriots Foundation is located in Reston, VA. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Children Of Fallen Patriots Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children Of Fallen Patriots Foundation 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, Children Of Fallen Patriots Foundation generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $14.3m during the year ending 12/2023. While expenses have increased by 15.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES COLLEGE SCHOLARSHIPS AND EDUCATIONAL COUNSELING TO MILITARY CHILDREN WHO HAVE LOST A PARENT IN THE LINE OF DUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS:PROVIDED COLLEGE SCHOLARSHIPS AND EDUCATIONAL COUNSELING TO MILITARY CHILDREN WHO HAVE LOST A PARENT IN THE LINE OF DUTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas M Mcgann Chair | OfficerTrustee | 1 | $0 |
David Y Kim Co-Founder & Chief Executive Officer | OfficerTrustee | 1 | $0 |
David Daigle Treasurer | OfficerTrustee | 1 | $0 |
Nancy Armstrong Director | Trustee | 1 | $0 |
Benjamin Y Carter Director | Trustee | 1 | $0 |
Robert J Sweeney Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cirpriani 42nd Street Lessee Event Space | 12/30/23 | $231,029 |
Riverside Yacht Club Event Space | 12/30/23 | $111,963 |
Dion Marketing Marketing Support | 12/30/23 | $114,012 |
Abbey Tent & Party Rentals Event Items | 12/30/23 | $110,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,422 |
| Membership dues | $0 |
| Fundraising events | $4,782,428 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,406,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,204,725 |
| Total Program Service Revenue | $0 |
| Investment income | $563,360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$390,247 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,377,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,159,707 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $352,818 |
| Compensation of current officers, directors, key employees. | $66,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,131,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $248,078 |
| Payroll taxes | $178,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,310 |
| Advertising and promotion | $120,853 |
| Office expenses | $266,260 |
| Information technology | $144,838 |
| Royalties | $0 |
| Occupancy | $13,068 |
| Travel | $115,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $381,787 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,509 |
| All other expenses | $0 |
| Total functional expenses | $14,310,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,042,875 |
| Savings and temporary cash investments | $12,875,394 |
| Pledges and grants receivable | $2,249,588 |
| 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 | $123,205 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,291,062 |
| Accounts payable and accrued expenses | $148,635 |
| 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 | $0 |
| Total liabilities | $148,635 |
| Net assets without donor restrictions | $13,343,571 |
| Net assets with donor restrictions | $2,798,856 |
| 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 | $16,291,062 |