Children's Equity Fund

Not tax-deductible

Washington, DC501(c)(4)Since 2019Community DevelopmentEIN 84-3694024Revenue $10.9M in FY2025

On file with the IRSchildrensequityfund.org1401 H St Nw Ste 650, 20005-2036 · Washington, DCTax-exempt since May 2020

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To champion comprehensive policy changes at the federal, state and local levels to create lasting systems change that improves the well-being of children and families.

86¢ of each $1 spent went to programs.
Run by 5 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 5
filings with a surplus
Average deficit $1.9M a year · 47% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$402K
to officers and key staff · 4% of spending
Top officer’s pay lower than 72% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
33 mo
of spending, in cash
Looks good: 33.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$564K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.9M
+504% vs prior year
Spent
$9.5M
To programs
86%
Net assets
$113.8M
By yearFY2021–FY2025
Revenue
$10.9M
FY2025▲ +504%
Tap a bar for its year
Revenue by fiscal year
FY2021$261K
FY2022$5.4M
FY2023$2.4M
FY2024$1.8M
FY2025$10.9M
Expenses
$9.5M
FY2025▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2021$491K
FY2022$4.2M
FY2023$4.8M
FY2024$11.5M
FY2025$9.5M
Net assets
$113.8M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$125.9M
FY2022$118.6M
FY2023$120.3M
FY2024$112.1M
FY2025$113.8M

From the FY2025 Form 990 (year ending June 2025) · 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 May 2020.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $8.2M Management & general 14% · $1.3M

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

15 people listed on the 990; $402K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Dir. , Program & Operations
$180,192Pt VII · Sec A
President
$74,004Pt VII · Sec A
Part-Year Secretary
$44,008Pt VII · Sec A
Dir. of Communications
$22,697Pt VII · Sec A
Chief Impact Officer
$21,767Pt VII · Sec A
VP of Human Resources
$21,056Pt VII · Sec A
Treasurer and CFO
$17,658Pt VII · Sec A
Senior Dir. of Finance
$17,191Pt VII · Sec A

John Grant’s $180K as Dir. , Program & Operations is at the 28th percentile of top reported officer pay among 572 $10–100M community development 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
John Grant$180,192————
David Daniels$74,004$61,175$51,243$47,943$16,301
Mae Cheung$44,008$62,054$58,077—$15,970
Angela Deeds$17,191$41,773$45,813$39,764$7,715
Mae Chung———$45,169—
Kelly Smith$22,697————
Rebecca Cisek$21,767$10,167$5,453$2,330—
Clara Northington$21,056$12,916$10,501——

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for lasting policy changes to improve children's and families' well-being.

Questions for Children's Equity Fund

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Provided by the organization

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2 programs · $8.2M · in their own filed words · FY2024
01

Early Childhood Advocacy and Policy

The first few years of life are critical for human development as the building blocks for lifelong learning, economic productivity, health and wellbeing, and positive relationships are formed during this early childhood developmental period.

$5.8Mprogram expense
02

Healthy Democracy

While the primary focus of cef is to advance positive outcomes for early childhood, the organization acknowledges the importance of a healthy democracy and robust civic engagement to create lasting systems change. Healthy democracy aims to address systemic disenfranchisement of people of color around the country.

$2.4Mprogram 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 · 89 grants · $23.5M · 2021–2024
Future Now ActionDC · FY2024$800,000
Jews United for Justice Campaign FundFY2024$400,000
Clapham Group LLCFY2024$395,000
Future Now ActionDC · FY2024$350,000
Mississippi Voter AllianceFY2024$250,000
Virginia Promise in Action INCVA · FY2024$240,000
Strong Start PacFY2024$200,000
Fair Budget CoalitionCA · FY2024$200,000
Pennsylvania Stands Up INCPA · FY2024$150,000
Casa in Action INCMD · FY2024$150,000
Alliance for Youth ActionDC · FY2024$150,000
See all 89 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$10.9M
Ln 12
Investment incomeLn 3$10.9M
Money outPt IX
$9.5M
Ln 25
Programscol B$8.2M
Managementcol C$1.3M
Owns and owesPt X
$113.8M
net assets · Ln 32
Cash and savingsLn 1–2$26.1M
Total assetsLn 16$114.4M
LiabilitiesLn 26$564K
PeoplePt VI, VII
15
listed · VII A
PaidVII A9
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$10.9M
Gains on assetsLn 7$9.4M
Total revenueLn 12$10.9M
Assets in detailPt X, end of year
CashLn 1$3.6M
SavingsLn 2$22.4M
Cash and savings togetherLn 1–2$26.1M
InvestmentsLn 11–13$88.1M
Total assetsLn 16$114.4M
LiabilitiesLn 26$564K
Net assetsLn 32$113.8M
OperationsPt I, VI
EmployeesI 53
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$11.3M$26.1M
InvestmentsLn 11–13$104.2M$88.1M
Total assetsLn 16$115.7M$114.4M
LiabilitiesLn 26$3.6M$564K
Net assetsLn 32$112.1M$113.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.9M$6.9M
Pay of current officers, directors and key staffLn 5$346K$216K$131K
Other salaries and wagesLn 7$546K$403K$143K
Pension plan contributionsLn 8$15K$12K$3K
Other employee benefitsLn 9$46K$28K$18K
Payroll taxesLn 10$68K$50K$17K
Legal feesLn 11b$44K$44K
Accounting feesLn 11c$48K$48K
Investment management feesLn 11f$173K$173K
Other fees for servicesLn 11g$631K$432K$199K
Office expensesLn 13$1K$994$259
Information technologyLn 14$84K$46K$39K
OccupancyLn 16$39K$19K$20K
TravelLn 17$21K$18K$3K
Conferences, conventions and meetingsLn 19$47K$16K$32K
InsuranceLn 23$20K$10K$10K
Other expenses (24a–d)Ln 24$406K$406K
Total functional expensesLn 25$9.5M$8.2M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $10.9M$9.5M$1.4M$113.8M 990 PDF
FY2024 $1.8M$11.5M−$9.7M$112.1M 990 PDF
FY2023 $2.4M$4.8M−$2.3M$120.3M 990 PDF
FY2022 $5.4M$4.2M$1.1M$118.6M 990 PDF
FY2021 $261K$491K−$229K$125.9M 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 FY2025 990 (6 parts)
Part I · Summary $10,870,033 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 $1,800,083$10,870,033
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,800,083$10,870,033
I-13 Grants and similar amounts paidPrior year $9,581,250$6,931,750
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $681,151$1,020,379
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,221,705$1,515,113
I-18 Total expensesPrior year $11,484,106$9,467,242
I-19 Revenue less expensesPrior year −$9,684,023$1,402,791
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,870,033 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $1,450,548$1,450,548
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,419,485$9,419,485
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $10,870,033$10,870,033
Part IX · Statement of functional expenses $9,467,242 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $6,931,750$6,931,750
IX-5 Pay of current officers, directors and key staffPrograms $215,701 · Management $130,773$346,474
IX-7 Other salaries and wagesPrograms $403,151 · Management $142,703$545,854
IX-8 Pension plan contributionsPrograms $12,327 · Management $2,659$14,986
IX-9 Other employee benefitsPrograms $27,953 · Management $17,558$45,511
IX-10 Payroll taxesPrograms $50,102 · Management $17,452$67,554
IX-11b Legal feesManagement $44,307$44,307
IX-11c Accounting feesManagement $48,249$48,249
IX-11f Investment management feesManagement $173,130$173,130
IX-11g Other fees for servicesPrograms $431,733 · Management $198,899$630,632
IX-13 Office expensesPrograms $994 · Management $259$1,253
IX-14 Information technologyPrograms $45,894 · Management $38,510$84,404
IX-16 OccupancyPrograms $18,827 · Management $20,389$39,216
IX-17 TravelPrograms $18,253 · Management $2,829$21,082
IX-19 Conferences, conventions and meetingsPrograms $15,830 · Management $31,538$47,368
IX-23 InsurancePrograms $9,569 · Management $10,367$19,936
IX-24 Other expenses (24a–d)Management $405,536$405,536
IX-25 Total functional expensesPrograms $8,182,084 · Management $1,285,158 · Fundraising $0$9,467,242
Part X · Balance sheet $114,354,450 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,249,896$3,642,037
X-2 Savings and temporary cash investmentsStart of year $9,013,540$22,415,671
X-4 Accounts receivableStart of year $231,519$187,894
X-9 Prepaid expenses and deferred chargesStart of year $17,051$7,753
X-12 Other securitiesStart of year $104,220,028$88,101,095
X-16 Total assetsStart of year $115,732,034$114,354,450
X-17 Accounts payable and accrued expensesStart of year $104,220$161,937
X-18 Grants payableStart of year $2,918,000$300,000
X-25 Other liabilitiesStart of year $611,906$102,002
X-26 Total liabilitiesStart of year $3,634,126$563,939
X-27 Net assets without donor restrictionsStart of year $112,097,908$113,790,511
X-32 Total net assets or fund balancesStart of year $112,097,908$113,790,511
X-33 Total liabilities and net assetsStart of year $115,732,034$114,354,450
Part XI · Reconciliation of net assets $113,790,511 net assets at year end
XI-1 Total revenue$10,870,033
XI-2 Total expenses$9,467,242
XI-3 Revenue less expenses$1,402,791
XI-4 Net assets at start of year$112,097,908
XI-5 Net unrealized gains (losses) on investments$289,812
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$113,790,511

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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