Children Incorporated FY2023 filing

Tax-deductible

N Chesterfld, VA501(c)(3)InternationalEIN 54-0761510Revenue $4.2M in FY2023

On file with the IRSchildrenincorporated.org11513 Allecingie Pkwy, 23235-4301 · N Chesterfld, VATax-exempt since Jun 1966Publicly supported charity — 170(b)(1)(A)(vi)

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To arrange and provide funding to meet the basic and educational needs of impoverished Children.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $401K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $419K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$210K
2% of total assets
Looks good: liabilities are 2% 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
$4.2M
+2% vs prior year
Spent
$3.9M
To programs
88%
Net assets
$8.3M
By yearFY2021–FY2025
Revenue
$4.2M
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$5.4M
FY2022$4.1M
FY2023$4.2M
FY2024$4.0M
FY2025$5.2M
Expenses
$3.9M
FY2023▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2021$4.3M
FY2022$4.0M
FY2023$3.9M
FY2024$4.1M
FY2025$4.6M
Net assets
$8.3M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$8.6M
FY2022$7.9M
FY2023$8.3M
FY2024$8.7M
FY2025$9.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1966.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $3.4M Management & general 6% · $219K Fundraising 7% · $260K

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

11 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President and CEO
$97,651Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ronald C Carter’s $129K as President and CEO is at the 46th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Ronald C Carter$128,740$102,484$97,651$99,470$92,981

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Funds basic and educational needs for impoverished children.

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Provided by the organization

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1 program · $3.4M · in their own filed words · FY2022
01

Arranging and providing funding for supplies and services to meet the basic and educational needs of approximately 20,000 impoverished children in 300 locations, half in the united states and half in other countries.

$3.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 469 grants · $5.3M · 2020–2024
Lotts Creek Community SchoolKY · FY2024$50,295
Alleghany High SchoolFY2024$31,073
Martin County High SchoolFY2024$27,356
Knott County Central High SchoolFY2024$25,730
Sparta Elementary SchoolFY2024$25,258
Dzilth Community Grant SchoolFY2024$22,902
Johns Creek Elementary SchoolFY2024$22,184
Mitchell High SchoolFY2024$22,138
Phelps High SchoolFY2024$20,973
Magoffin Co High SchoolFY2024$20,946
Breathitt Co Jr-SR High SchoolFY2024$19,056
Bevins Elementary SchoolFY2024$18,744
Morgan County High SchoolFY2024$18,408
Cannonsburg Elementary SchoolFY2024$17,651
Bath County High SchoolFY2024$17,178
Hindman Elementary SchoolFY2024$15,840
Rogers Elementary SchoolFY2024$15,782
See all 469 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$310K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.4M
Managementcol C$219K
Fundraisingcol D$260K
Owns and owesPt X
$8.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$8.5M
LiabilitiesLn 26$210K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$310K
Gains on assetsLn 7$181K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$2.8M
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$4.0M
Land, buildings, equipmentLn 10c$409K
Other assetsLn 15$1.3M
Total assetsLn 16$8.5M
LiabilitiesLn 26$210K
Net assetsLn 32$8.3M
OperationsPt I, VI
EmployeesI 516
VolunteersI 6155
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.8M$2.8M
InvestmentsLn 11–13$3.7M$4.0M
Land, buildings, equipmentLn 10c$442K$409K
Total assetsLn 16$8.2M$8.5M
LiabilitiesLn 26$270K$210K
Net assetsLn 32$7.9M$8.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Grants and assistance to foreign recipientsLn 3$1.3M$1.3M
Pay of current officers, directors and key staffLn 5$105K$31K$37K$37K
Other salaries and wagesLn 7$727K$588K$87K$52K
Other employee benefitsLn 9$90K$67K$13K$10K
Payroll taxesLn 10$62K$46K$9K$7K
Accounting feesLn 11c$31K$23K$6K$2K
Investment management feesLn 11f$19K$19K
Other fees for servicesLn 11g$29K$22K$6K$1K
Advertising and promotionLn 12$140K$140K
Office expensesLn 13$47K$36K$9K$2K
Information technologyLn 14$15K$11K$3K$731
OccupancyLn 16$16K$12K$3K$813
TravelLn 17$45K$38K$5K$2K
Depreciation, depletion and amortizationLn 22$43K$32K$9K$2K
InsuranceLn 23$18K$13K$4K$891
Other expenses (24a–d)Ln 24$85K$72K$11K$3K
Total functional expensesLn 25$3.9M$3.4M$219K$260K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$4.6M$573K$9.6M 990 PDF
FY2024 $4.0M$4.1M−$92K$8.7M 990 PDF
FY2023 Viewing $4.2M$3.9M$286K$8.3M 990 PDF
FY2022 $4.1M$4.0M$181K$7.9M 990 PDF
FY2021 $5.4M$4.3M$1.1M$8.6M 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 FY2023 990 (6 parts)
Part I · Summary $4,197,946 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,013,273$3,887,941
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $121,343$310,005
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,134,616$4,197,946
I-13 Grants and similar amounts paidPrior year $2,540,774$2,441,795
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $922,644$982,991
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $489,770$487,658
I-18 Total expensesPrior year $3,953,188$3,912,444
I-19 Revenue less expensesPrior year $181,428$285,502
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,197,946 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,887,941
VIII-1h Total contributions, gifts and grants$3,887,941
VIII-3 Investment incomeExcluded from tax $128,820$128,820
VIII-7 Net gain or loss on sales of assetsExcluded from tax $181,185$181,185
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $310,005$4,197,946
Part IX · Statement of functional expenses $3,912,444 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,175,210$1,175,210
IX-3 Grants and assistance to foreign recipientsPrograms $1,266,585$1,266,585
IX-5 Pay of current officers, directors and key staffPrograms $31,359 · Management $36,586 · Fundraising $36,586$104,531
IX-7 Other salaries and wagesPrograms $588,452 · Management $86,561 · Fundraising $52,043$727,056
IX-9 Other employee benefitsPrograms $66,746 · Management $13,262 · Fundraising $9,544$89,552
IX-10 Payroll taxesPrograms $46,101 · Management $9,159 · Fundraising $6,592$61,852
IX-11c Accounting feesPrograms $23,336 · Management $6,223 · Fundraising $1,556$31,115
IX-11f Investment management feesManagement $18,547$18,547
IX-11g Other fees for servicesPrograms $21,807 · Management $5,815 · Fundraising $1,454$29,076
IX-12 Advertising and promotionFundraising $140,209$140,209
IX-13 Office expensesPrograms $35,517 · Management $9,471 · Fundraising $2,368$47,356
IX-14 Information technologyPrograms $10,958 · Management $2,922 · Fundraising $731$14,611
IX-16 OccupancyPrograms $12,196 · Management $3,252 · Fundraising $813$16,261
IX-17 TravelPrograms $38,412 · Management $4,519 · Fundraising $2,259$45,190
IX-22 Depreciation, depletion and amortizationPrograms $31,975 · Management $8,526 · Fundraising $2,132$42,633
IX-23 InsurancePrograms $13,366 · Management $3,564 · Fundraising $891$17,821
IX-24 Other expenses (24a–d)Programs $71,671 · Management $10,534 · Fundraising $2,634$84,839
IX-25 Total functional expensesPrograms $3,433,691 · Management $218,941 · Fundraising $259,812$3,912,444
Part X · Balance sheet $8,503,476 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,781,467$2,771,775
X-10c Land, buildings and equipment, netStart of year $442,300$408,767
X-11 Publicly traded securitiesStart of year $3,727,236$4,021,664
X-15 Other assetsStart of year $1,205,256$1,301,270
X-16 Total assetsStart of year $8,156,259$8,503,476
X-17 Accounts payable and accrued expensesStart of year $269,530$187,849
X-25 Other liabilitiesStart of year $0$22,625
X-26 Total liabilitiesStart of year $269,530$210,474
X-27 Net assets without donor restrictionsStart of year $4,520,271$4,860,948
X-28 Net assets with donor restrictionsStart of year $3,366,458$3,432,054
X-32 Total net assets or fund balancesStart of year $7,886,729$8,293,002
X-33 Total liabilities and net assetsStart of year $8,156,259$8,503,476
Part XI · Reconciliation of net assets $8,293,002 net assets at year end
XI-1 Total revenue$4,197,946
XI-2 Total expenses$3,912,444
XI-3 Revenue less expenses$285,502
XI-4 Net assets at start of year$7,886,729
XI-5 Net unrealized gains (losses) on investments$39,822
XI-9 Other changes in net assets$80,949
XI-10 Net assets at end of year$8,293,002

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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