Homes for Children Foundation

Tax-deductible

Chicago, IL501(c)(3)Human ServicesEIN 36-3440140Revenue $1.2M in FY2024

On file with the IRS8765 W Higgins Rd Ste 450, 60631-4172 · Chicago, ILTax-exempt since Oct 1986Supporting organization — 509(a)(3)

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To solicit, invest and distribute funds to meet the needs of Children.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $227K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$155K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+31% vs prior year
Spent
$969K
To programs
93%
Net assets
$17.2M
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.1M
FY2022$2.0M
FY2023$932K
FY2024$1.2M
Expenses
$969K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$3.0M
FY2023$986K
FY2024$969K
Net assets
$17.2M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.7M
FY2021$21.3M
FY2022$16.0M
FY2023$16.4M
FY2024$17.2M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $900K Management & general 7% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Homes for Children Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises and gives money to help children.

Questions for Homes for Children Foundation

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Provided by the organization

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1 program · $900K · in their own filed words · FY2023
01

Provide a grant to kids above all, F/K/A childserv, (501(c)(3)) to support its various programs assisting at risk children and their families.

$900Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $6.9M · 2019–2023
Kids Above All IllinoisIL · FY2023$900,115
Kids Above All IllinoisIL · FY2022$912,000
Kids Above All IllinoisIL · FY2021$2,962,219
Kids Above All IllinoisIL · FY2020$997,360
Kids Above All IllinoisIL · FY2019$1,104,434

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Investment incomeLn 3$1.2M
Money outPt IX
$969K
Ln 25
Programscol B$900K
Managementcol C$69K
Owns and owesPt X
$17.2M
net assets · Ln 32
Total assetsLn 16$17.4M
LiabilitiesLn 26$155K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1.2M
Gains on assetsLn 7$715K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
InvestmentsLn 11–13$17.4M
Total assetsLn 16$17.4M
LiabilitiesLn 26$155K
Net assetsLn 32$17.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
InvestmentsLn 11–13$16.5M$17.4M
Total assetsLn 16$16.5M$17.4M
LiabilitiesLn 26$86K$155K
Net assetsLn 32$16.4M$17.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$900K$900K
Accounting feesLn 11c$48K$48K
Other expenses (24a–d)Ln 24$21K$21K
Total functional expensesLn 25$969K$900K$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$969K$256K$17.2M 990 PDF
FY2023 $932K$986K−$54K$16.4M 990 PDF
FY2022 $2.0M$3.0M−$1.1M$16.0M 990 PDF
FY2021 $2.1M$1.2M$888K$21.3M 990 PDF
FY2020 $2.4M$1.3M$1.1M$17.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,224,379 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $932,018$1,224,379
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $932,018$1,224,379
I-13 Grants and similar amounts paidPrior year $912,000$900,115
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $74,065$68,750
I-18 Total expensesPrior year $986,065$968,865
I-19 Revenue less expensesPrior year −$54,047$255,514
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,224,379 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $509,311$509,311
VIII-7 Net gain or loss on sales of assetsExcluded from tax $715,068$715,068
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,224,379$1,224,379
Part IX · Statement of functional expenses $968,865 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $900,115$900,115
IX-11c Accounting feesManagement $48,000$48,000
IX-24 Other expenses (24a–d)Management $20,750$20,750
IX-25 Total functional expensesPrograms $900,115 · Management $68,750 · Fundraising $0$968,865
Part X · Balance sheet $17,394,571 assets, 8 lines filed
X-11 Publicly traded securitiesStart of year $16,529,008$17,394,571
X-16 Total assetsStart of year $16,529,008$17,394,571
X-25 Other liabilitiesStart of year $86,065$154,815
X-26 Total liabilitiesStart of year $86,065$154,815
X-27 Net assets without donor restrictionsStart of year $16,074,052$16,835,575
X-28 Net assets with donor restrictionsStart of year $368,891$404,181
X-32 Total net assets or fund balancesStart of year $16,442,943$17,239,756
X-33 Total liabilities and net assetsStart of year $16,529,008$17,394,571
Part XI · Reconciliation of net assets $17,239,756 net assets at year end
XI-1 Total revenue$1,224,379
XI-2 Total expenses$968,865
XI-3 Revenue less expenses$255,514
XI-4 Net assets at start of year$16,442,943
XI-5 Net unrealized gains (losses) on investments$541,299
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,239,756

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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