Childrens Funding Accelerator Inc
- Assets
- $1.0m
- Revenue
- $875.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 84-4904150
Organization Overview
Childrens Funding Accelerator Inc is located in Washington, DC. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Funding Accelerator Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Since 2020, Childrens Funding Accelerator Inc has awarded 11 individual grants totaling $470,000. 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
A NON-PARTISAN CAMPAIGN PARTNER TO COMMUNITIES PURSUING DEDICATED PUBLIC FUNDING FOR EARLY CHILDHOOD DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S FUNDING ACCELERATOR IS A NON-PARTISAN CAMPAIGN PARTNER TO COMMUNITIES PURSUING DEDICATED PUBLIC FUNDING FOR EARLY CHILDHOOD DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Brooks Treasurer | OfficerTrustee | 2 | $0 |
Annemarie Valdez Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Gaines Executive Director & Board Chair | OfficerTrustee | 2 | $0 |
Gloria Nolan Member | Trustee | 2 | $0 |
Harriet Dichter 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 | $875,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $875,000 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $875,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,000 |
| 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 | $90,552 |
| Fees for services: Legal | $788 |
| Fees for services: Accounting | $20,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,000 |
| Advertising and promotion | $0 |
| Office expenses | $211 |
| Information technology | $246 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,810 |
| All other expenses | $0 |
| Total functional expenses | $290,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028,607 |
| Savings and temporary cash investments | $0 |
| 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 | $1,110 |
| 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 | $1,029,717 |
| Accounts payable and accrued expenses | $41,108 |
| 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 | $41,108 |
| Net assets without donor restrictions | $353,694 |
| Net assets with donor restrictions | $634,915 |
| 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 | $1,029,717 |
Grants Awarded
Over the last fiscal year, Childrens Funding Accelerator Inc has awarded $110,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GENERAL SUPPORT GRANT | $50,000 |
READY KIDS NEW ORLEANS PURPOSE: GENERAL SUPPORT GRANT | $50,000 |
FRIENDS OF WASHINGTON COUNTY KIDS PURPOSE: GENERAL SUPPORT GRANT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Funding Accelerator Inc has recieved totaling $375,000.
| Awarding Organization | Amount |
|---|---|
Heising-Simons Action Fund Los Altos, CA PURPOSE: FOR GENERAL SUPPORT | $375,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Latino Economic Development Corporation Of Washington Dc Washington, DC | $21,296,549 | $55,386,095 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Community Of Hope Inc Washington, DC | $67,233,523 | $40,561,982 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |
Fusion Partnerships Inc Baltimore, MD | $7,468,833 | $16,079,107 |