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Children Of Fallen Patriots Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470902295 ✦ Reston, VA ✦ Designated as a 501(c)(3)

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Overview

What is Children Of Fallen Patriots Foundation?

The Children of Fallen Patriots Foundation is a compassionate nonprofit organization located in Reston, Virginia. Established with the mission to assist military families, it provides educational scholarships and counseling to military children who have tragically lost a parent while serving in the armed forces. Through its dedicated efforts, the foundation aims to ensure these children's academic futures are not compromised by their loss. The foundation's team of 40 employees works diligently to provide scholarships and educational guidance to help these children pursue their dreams and overcome the challenges brought about by their loss.


Official website here: www.fallenpatriots.org/

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 100%

The Children Of Fallen Patriots Foundation has achieved a perfect Four-Star out of Four Star rating, reflecting stellar performance in accountability, finance, impact measurement, and community engagement. This high score indicates the organization's strong governance practices, with 100% independent board members and robust financial oversight, ensuring that funds are used effectively toward their mission.

The foundation demonstrates exceptional program efficiency, allocating over 84% of its expenses directly to programs. Additionally, its fundraising efficiency is commendable, with only $0.11 spent to raise each dollar. These metrics suggest that the organization is successful in both generating support and utilizing it effectively to achieve its goals.

While the organization shows remarkable strengths, the data did not highlight any specific limitations or concerns, reinforcing its reputation as a trustworthy nonprofit. The foundation’s commitment to transparency and adaptability further enhances its credibility, making it a strong choice for donors looking to support a cause that assists children of fallen military heroes.


This AI summary has been generated from information found on Charity Navigator.

Is Children Of Fallen Patriots Foundation legitimate?

Children Of Fallen Patriots Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children Of Fallen Patriots Foundation 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:

Executive Compensation: $676,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,906,422

For more financial information, click here


Official website here: www.fallenpatriots.org/

What is the mission statement of Children Of Fallen Patriots Foundation?

The Children Of Fallen Patriots Foundation is dedicated to supporting the educational aspirations of military children who have tragically lost a parent while serving their country. The organization's primary goal is to provide these children with college scholarships and essential educational counseling to help them navigate the complexities of higher education. Established with the purpose of easing the financial burden and emotional stress faced by these young individuals, the Foundation is committed to enabling them to reach their full potential and build a promising future. Through its scholarship and counseling programs, the Foundation offers a lifeline to children who have made significant sacrifices in their young lives, ensuring they have the opportunity to pursue their academic goals and secure a brighter future.


Official website here: www.fallenpatriots.org/

Who is the CEO of Children Of Fallen Patriots Foundation?

David Y Kim is the Co-Founder & Chief Executive Officer of Children Of Fallen Patriots Foundation. The CEO's salary of Children Of Fallen Patriots Foundation is $0 and their total compensation is $0.


Official website here: www.fallenpatriots.org/

What is the revenue of Children Of Fallen Patriots Foundation?

Children Of Fallen Patriots Foundation's revenue in 2022 was $13,060,746.


Official website here: www.fallenpatriots.org/

Who are the executives of Children Of Fallen Patriots Foundation and what are their salaries?

The average compensation at Children Of Fallen Patriots Foundation during 2022 was $64,576. There are 40 employees at Children Of Fallen Patriots Foundation.


Here are 12 key members and their salaries (Children Of Fallen Patriots Foundation's CEO's salary is $0 and their total compensation is $0):


Thomas M Mcgann (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Y Kim (Co-Founder & Chief Executive Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Daigle (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Armstrong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Y Carter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Sweeney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Heffernan (President)
  • Compensation: $375,367
  • Related: $0
  • Other: $19,683
Peter Hogarth (Chief Financial Officer)
  • Compensation: $259,308
  • Related: $0
  • Other: $22,277
Katrina Hartwell (Senior Director Development)
  • Compensation: $148,756
  • Related: $0
  • Other: $23,701
Bana Miller (Senior Director Marketing)
  • Compensation: $140,368
  • Related: $0
  • Other: $169
Steven Smith (Corporate Development Officer)
  • Compensation: $186,905
  • Related: $0
  • Other: $945
Luisa Zhou (Controller)
  • Compensation: $166,677
  • Related: $0
  • Other: $20,087


Official website here: www.fallenpatriots.org/

Where can I find the form 990 for Children Of Fallen Patriots Foundation?

Children Of Fallen Patriots Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fallenpatriots.org/

Learn more at the official website: www.fallenpatriots.org/

Mission Statement of Children Of Fallen Patriots Foundation

Children of Fallen Patriots Foundation is a nonprofit organization that dedicates itself to supporting military children who have tragically lost a parent in the line of duty. Established with the primary goal of providing college scholarships and educational counseling, this Foundation offers invaluable assistance to young individuals facing the challenges of losing a loved one who served their country.

The Foundation's mission is multi-faceted, extending beyond just financial aid. It recognizes the profound impact the loss of a parent can have on a child's education and emotional wellbeing. To address this, the organization provides educational counseling to help military children navigate the complexities of the college application process and make informed decisions about their academic futures.

By offering college scholarships, Children of Fallen Patriots Foundation enables these military children to pursue higher education despite the financial burdens that often accompany the loss of a parent. The organization's commitment to education is a testament to its belief that investing in the future of military families is a crucial part of honoring the legacy of the fallen patriots. With this support, these children can focus on their academic pursuits, ultimately empowering them to move forward and build a brighter future.

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Impact




October, 2024

Children Of Fallen Patriots Foundation significantly impacts the lives of military children who have experienced the loss of a parent while serving in the line of duty. By providing college scholarships and educational counseling, the organization helps to ease the financial burdens associated with higher education, ensuring that these children have the opportunity to pursue their academic goals.

With a dedicated mission to support the educational aspirations of these young individuals, the Foundation not only helps students navigate the complexities of college admissions and funding but also fosters a supportive community that acknowledges their unique challenges. This vital assistance plays a crucial role in enabling the children of fallen service members to achieve their dreams, paving the way for brighter futures and honoring the legacy of their parents.




This information is meant to be a general summary of Children Of Fallen Patriots Foundation. 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.

Revenue
$13,060,746 (2022)
Expenses
$13,994,335 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $73,819
  • Gross Receipts: $13,751,942

Assets and Liabilities:

  • Total Assets: $18,264,760
  • Total Liabilities: $189,190
  • Net Assets: $18,075,570

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Organization Details

Founding Year

2002

Principal Officer

David Y Kim

Main Address

1818 Library Street 500, Reston, VA, 201906274

NTEE Category

Code: B82 - Education

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