Children First Education Fund
- Assets
- $2.2m
- Revenue
- $222.2k
- Investments
- $0.0
- Employees
- 0
- Location
- South Jordan, UT
- Founding
- Data as of
- 06/2022
- EIN
- 85-2428825
Organization Overview
Children First Education Fund is located in South Jordan, UT. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children First Education Fund 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 06/2022, Children First Education Fund generated $222.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (71.9%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOOL CHOICE FOR STUDENTS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR EFFORTS ARE FOCUSED ON THREE PRIMARY AREAS: RAISING FUNDS FOR SCHOLARSHIPS, DISPERSING SCHOLARSHIPS TO QUALIFIED STUDENTS WITH DISABILITIES, AND SECURING PARTNERSHIPS WITH QUALIFIED PRIVATE SCHOOLS AND HOMESCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Holmes Chairman | OfficerTrustee | $0 | |
Kim Coleman Executive Di | Officer | $0 | |
Ronnie Daniel Executive Di | Officer | $0 | |
Elisa Clements Director | Trustee | $0 | |
Greg Hughes Director | Trustee | $0 | |
Jordan Clements Director | Trustee | $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 | $221,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,530 |
| Total Program Service Revenue | $0 |
| Investment income | $669 |
| 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 | $222,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,316,758 |
| Grants and other assistance to domestic individuals. | $386,656 |
| 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 | $96,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,213 |
| Advertising and promotion | $0 |
| Office expenses | $1,445 |
| Information technology | $1,394 |
| Royalties | $0 |
| Occupancy | $8,790 |
| 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 | $938 |
| All other expenses | $3 |
| Total functional expenses | $1,820,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,152 |
| Savings and temporary cash investments | $1,941,659 |
| 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 | $1,350 |
| 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 | $2,249,161 |
| Accounts payable and accrued expenses | $40,641 |
| Grants payable | $1,316,758 |
| 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 | $1,357,399 |
| Net assets without donor restrictions | $891,762 |
| 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 | $2,249,161 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |