Childrens Hope Chest Inc
- Assets
- $67.8k
- Revenue
- $115.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 83-0422941
Organization Overview
Childrens Hope Chest Inc is located in Purchase, NY. The organization was established in 2005. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Hope Chest 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 Hope Chest Inc generated $115.7k 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 (10.6%) each year. All expenses for the organization totaled $117.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Childrens Hope Chest Inc has awarded 77 individual grants totaling $2,211,090. 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
THE CHILDREN'S HOPE CHEST, INC. (CHC) WAS ORGANIZED IN 2005. THE MISSION OF CHC IS TO PROVIDE HELP AND OFFER HOPE TO CHILDREN IN OUR COMMUNITY SUFFERING FROM POVERTY, ABUSE, NEGLECT AND ILLNESS. WE STRIVE TO INCREASE SOCIAL ACTION BY PROMOTING ADULT AND YOUTH VOLUNTEERISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHC CONDUCTS SEVERAL PROGRAMS TO ASSIST CHILDREN AND FAMILIES IN NEED. PROGRAMS INCLUDE PROVIDING HOLIDAY PRESENTS TO CHILDREN, BACKPACKS WITH SCHOOL SUPPLIES, CLOTHING, AND PROVIDING FOOD TO VARIOUS FOOD PANTRIES IN THE GREATER NEW YORK AREA INCLUDING CONNECTICUT.
OTHER DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Modica Board Member | Trustee | 2 | $0 |
Dina Fisher Board Member | Trustee | 4 | $0 |
Brandy Hendelman Board Member | Trustee | 1 | $0 |
Tammy Lusardi Secretary | OfficerTrustee | 10 | $0 |
Kimberly Paolercio Treasurer | OfficerTrustee | 10 | $0 |
Allison Danzig Board Member | Trustee | 2 | $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 | $115,701 |
| Noncash contributions included in lines 1a–1f | $57,389 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,701 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,314 |
| 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 | $2,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,850 |
| Office expenses | $1,446 |
| Information technology | $3,118 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,208 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,389 |
| All other expenses | $0 |
| Total functional expenses | $117,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,637 |
| Savings and temporary cash investments | $40,127 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,764 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $20,000 |
| 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 | $20,000 |
| Net assets without donor restrictions | $47,764 |
| 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 | $67,764 |
Grants Awarded
Over the last fiscal year, Childrens Hope Chest Inc has awarded $87,939 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ANDRUS CHILDREN'S CENTER PURPOSE: HELPING CHILRENHELPING CHILDREN | $10,104 |
YMCA OF GREATER NY PURPOSE: HELPING CHILDREN | $33,474 |
CARVER CENTER PURPOSE: HELPING CHILDREN | $19,169 |
FRIENDS OF KAREN PURPOSE: HELPING CHILDREN | $10,115 |
NEIGHBOR TO NEIGHBOR CO CHRIST CHURCH ANNEX PURPOSE: HELPING CHILDREN | $5,914 |
JEWISH CHILD CARE ASSOCIATION PURPOSE: HELPING CHILDREN | $9,163 |