Overview
What is Children's Investment Fund Inc?
Children's Investment Fund Inc, based in Boston, Massachusetts, is a nonprofit organization committed to enhancing early education and out-of-school time programs for low and moderate-income families. Through the EEOST Capital Fund, they provide capital grants to licensed, nonprofit early education and out-of-school time programs for facility acquisition, design, construction, and renovation. Since its inception in 2013, they have awarded over $42 million to childcare providers. In addition to this, CIF supports affordable housing for low-income families by implementing place-based two-generation and other strategies, aiming to create safer, healthier, and more stable environments for raising young children.
Official website here: www.childrensinvestmentfundma.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Children's Investment Fund Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating exceptional accountability and financial health. The rating reflects a strong commitment to transparency and responsible financial management, with a perfect score of 100% in several key areas, including having an entirely independent board and adherence to conflict of interest guidelines.
The organization excels in its program expense ratio, dedicating over 80% of its resources directly to its mission-related activities, which speaks to its effectiveness in utilizing funds for impactful programs. Additionally, it has implemented robust policies for audit oversight and document retention, further enhancing its operational integrity.
While the overall assessment is highly positive, potential donors and stakeholders may want to consider specific programmatic outcomes and community impact measures, as these are not detailed in the financial ratings. Nevertheless, the strong accountability measures in place position Children's Investment Fund Inc as a trustworthy and efficient nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Investment Fund Inc legitimate?
Children's Investment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Investment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.childrensinvestmentfundma.org
What is the mission statement of Children's Investment Fund Inc?
The Children's Investment Fund (CIF) is committed to enhancing the quality and expanding access to early learning and school-age child care programs for families with modest incomes. To broaden its impact, CIF also supports affordable housing for low-income families through place-based two-generation strategies and other initiatives. These efforts aim to create safer, healthier, and more stable environments where young children can grow up.
Official website here: www.childrensinvestmentfundma.org
Who is the CEO of Children's Investment Fund Inc?
Amy O'Leary is the President of Children's Investment Fund Inc.
Official website here: www.childrensinvestmentfundma.org
What is the revenue of Children's Investment Fund Inc?
Children's Investment Fund Inc's revenue in 2023 was $1,965,950.
Official website here: www.childrensinvestmentfundma.org
Who are the executives of Children's Investment Fund Inc and what are their salaries?
There 15 volunteers at Children's Investment Fund Inc.
Here are 15 key members and their salaries:
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Official website here: www.childrensinvestmentfundma.org
Where can I find the form 990 for Children's Investment Fund Inc?
Children's Investment Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.childrensinvestmentfundma.org
Learn more at the official website: www.childrensinvestmentfundma.org
Mission Statement of Children's Investment Fund Inc
The Children's Investment Fund (CIF) is committed to improving the quality and expanding access to early learning and school-age child care programs for low and moderate-income families. Recognizing the impact of its work could be broader, CIF additionally seeks to support affordable housing for these families through place-based two-generation and other strategies. These strategies aim to create safer, healthier, and more stable environments for young children to grow up in. By implementing these initiatives, CIF aspires to contribute to the overall well-being and development of these families.
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Impact
July, 2024
Children's Investment Fund Inc's impact can be seen in its effort to improve the quality of and expand access to early learning and school-age child care programs for low and moderate-income families. Additionally, the organization works to support affordable housing for low-income families, creating safer, healthier, and more stable environments in which to raise young children. Through programs like the Early Education and Out of School Time Capital Fund, Children's Investment Fund Inc has provided significant capital grants to licensed center-based early education and out-of-school time programs, facilitating facility acquisition, design, construction, and renovation. This has resulted in a direct and tangible benefit to childcare providers and the communities they serve.
This information is meant to be a general summary of Children's Investment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $214,568
- Program Service Revenue: $93,951
- Gross Receipts: $1,965,950
Assets and Liabilities:
- Total Assets: $7,425,756
- Total Liabilities: $119,124
- Net Assets: $7,306,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST AND FEES
Revenue
$93,951
Organization Details
Founding Year
1990
Phone
(617) 727-5944Principal Officer
Amy O'Leary
Main Address
18 TREMONT ST SUITE 500, BOSTON, MA, 02108
NTEE Category
Code: T99 - Philanthropy
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