2024-07-18T12:02:52-05:00 2024-03-31 363321958 Desmond & Ahern Ltd 10827 S Western Ave Chicago IL 60643 990 2023-04-01 320015758 Foundation for Children in Need FOUN 8479243284 725 N Pine Ave Arlington Heights IL 60004 Linda Borst Treasurer 8479243284 2024-07-18 1 Linda Borst 999009999 1 Mel Padillo P03172019 7737794720 2024-07-17 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Geetha Yeruva 725 N Pine Ave Arlington Heights IL 60004 1425707 0 X www.fcn-usa.org X 2002 IL Provides help to needy children, college students and the elderly in the rural villages of India. 7 6 4 30 0 0 1033588 1397633 0 0 0 28074 0 0 1033588 1425707 754589 838161 0 0 65331 51272 0 0 19280 73602 86799 893522 976232 140066 449475 1273488 1722963 0 0 1273488 1722963 The purpose of the Foundation is to provide assistance to the needy children, college students and elderly in the rural villages of India. The Foundation also addresses various humanitarian needs such as medical care, health education, women development and others. 0 0 936889 838161 Foundation for Children in Need provided sponsorship support for 1,800 children and college students and 200 elderly and physically challenged individuals. FCN provided grants for Cleft Lip Surgeries, Clothing for Poor, School Supplies, FCN Home maintenance, Medical Help, New Year Gifts, tailoring training and sewing machines, Purchase of vehicle and Endowment Fund. 936889 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X X X Linda Borst 8476701145 725 N Pine Ave Arlington Heights IL 60004 Geetha Yeruva President 80.00 X X 25500 0 0 Ken Overholt Chair 2.00 X X 0 0 0 Pam Van De Walle Secretary 2.00 X X 0 0 0 Linda Borst Treasurer 3.00 X X 0 0 0 Fr Jim Croglio Director 1.00 X 0 0 0 Paul Graessle Director 1.00 X 0 0 0 Donna Wheeler Director 1.00 X 0 0 0 25500 0 0 0 0 0 0 0 1397633 1397633 28074 28074 1425707 0 0 28074 838161 838161 25500 17850 2550 5100 22128 15490 2213 4425 3644 2551 364 729 6500 6500 763 763 19106 13374 1911 3821 4529 3170 453 906 3960 2772 396 792 31245 31245 14488 10142 1449 2897 3049 2134 305 610 Miscellaneous 3159 3159 976232 936889 20063 19280 905311 441200 450960 97271 368177 353689 928074 1273488 1722963 0 0 X 1273488 1722963 1273488 1722963 1273488 1722963 449475 0 X X 0 1 X 1 0 X 1230134 943249 973148 1033588 1397633 5577752 1230134 943249 973148 1033588 1397633 5577752 78966 5498786 28074 28074 5605826 0.98090 0.98870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36300 36300 383278 80126 303152 31382 17145 14237 353689 X 1425707 0 1425707 0 1425707 976232 0 976232 0 976232 Part X, Line 2: FIN 48 Note from Audited Financial Statements The Foundation was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private foundation under Section 509(a)(1). The tax- exempt purpose of the Foundation and the nature in which it operates is described above. Management believes the Foundation continues to operate in compliance with its tax-exempt purpose. The Foundation's annual information and income tax returns filed with the federal and state governments are subject to examination for the statutory period. The Organization has adopted the requirements for accounting for uncertain tax positions and management has determined that the Organization was not required to record a liabilty related to uncertain tax positions as of March 31, 2023 and 2022. 0 South Asia - Afghanistan, Bangladesh, 0 0 Grants to charitable organizations in the region Help needy children, students and elderly 838161 0 0 0 0 0 0 838161 0 838161 South Asia - Afghanistan, Bangladesh, Aid needy children of India including Cleft Lip Surgeries, Clothing for Poor, School Supplies, FCN Home maintenance, Medical Help, New Year Gifts, tailoring training and sewing machines and purchase of vehicle and endowment fund. 664281 Wire Transfer 0 South Asia - Afghanistan, Bangladesh, Maintenance of St Xaviers Home and staff salaries and maintenance of Prema Nilayam project 43200 Wire Transfer 0 South Asia - Afghanistan, Bangladesh, Sponsorship help for the needy children and maintenance of Navjeevan School for the Deaf, teachers' salaries and for school supplies 16200 Wire Transfer 0 South Asia - Afghanistan, Bangladesh, Sponsorship and school maintenance 38880 Wire Transfer 0 South Asia - Afghanistan, Bangladesh, Sponsorship and maintenance of Asha Nilayam School 16200 Wire Transfer 0 South Asia - Afghanistan, Bangladesh, Sponsorship of Vimala Women Charitable Society 10800 Wire Transfer 0 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Sponsorship 18360 Wire Transfer 0 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Sponsorship 14040 Wire Transfer 0 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Sponsorship 16200 Wire Transfer 0 0 0 0 0 0 0 Part I, Line 2: All grants are approved by the Board of Directors and documented in minutes. Foundation for Children in Need (FCN) receives acknowledgement from grantee that funds were received. FCN receives a statement from the grantee verifying funds are being properly used and audit reports are sent. FCN employees make annual visits to the projects to over see that the funds are used properly. Each year they bring photos from different projects and share with the Board members and give a report to the Board. Geetha Yeruva President/CEO 25500 Tom Chitta, the husband of President/CEO Geetha Yeruva, is employed by the Organization as Director of Sponsorship. 0 Form 990, Part VI, Section B, line 11b The 990 was reviewed and approved by the Chairman, President, and Treasurer. It was provided to the entire board prior to filing. Form 990, Part VI, Section B, line 12c Board of Directors is encouraged to report any conflicts as they occur. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part XII, line 2c: The process has not changed from the prior year.