Top-Rated Charity
Website
View similar charities
Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| Children, Incorporated | Audited Financial Statements | 54-0761510 |
| Children, Incorporated | IRS Form 990 | 54-0761510 |
|
Entity: Children, Incorporated Document Type: Audited Financial Statements Tax ID: 54-0761510 |
|
Entity: Children, Incorporated Document Type: IRS Form 990 Tax ID: 54-0761510 |
Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Top Salaries
Unable to Provide Salaries
CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.
For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.
This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.
Analysts' Notes
CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
According to the Children, Incorporated (CI) audit of June 30, 2022 (Note 1, Nature of Operations): "...[CI's] program services consist of arranging and providing funding for supplies and services to meet the basic and educational needs of approximately 20,000 impoverished children in 300 locations, approximately half in the United States and half in other countries. Program services are provided entirely by volunteers at each location. Funding for supplies and services for impoverished children is transferred from the Richmond office to various organizations that distribute the supplies and services to the children. The volunteers of the organizations decide on the supplies and services needed, arrange for them to be provided, and administer disbursements of the funds. The volunteer staff members are required to retain documentation of the disbursements and provide periodic reports to the paid staff members. Volunteer staff members are periodically visited at their locations by paid staff members."
|
According to the Children, Incorporated (CI) audit of June 30, 2022 (Note 8, Notes Payable): "On April 16, 2020, the Organization applied for and was approved for a $141,600 loan under the Paycheck Protection Program created as part of the relief efforts related to COVID-19 and administered by the Small Business Administration. The loan accrued interest at 1%, but payments were not required to begin for six months after the funding of the loan. The Organization was eligible for loan forgiveness of up to 100% of the loan, upon meeting certain requirements. The loan was uncollateralized and was fully guaranteed by the Federal government. The Organization received full forgiveness on January 7, 2021 and the loan was recognized as revenue in the statement of activities for the year ended June 30, 2021. In addition, on April 21, 2020, the Organization applied for and was approved for a $10,000 loan under the Economic Injury Disaster Loan Program created as part of the relief efforts related to COVID-19 and administered by the Small Business Administration. The loan accrued interest at 2.75%, but payments were not required to begin for one year after the funding of the loan. The loan was generally collateralized by the assets of the Organization. The Organization received full forgiveness during the current year and the loan was recognized as revenue in the statement of activities for the year ended June 30, 2021." |
