2024-11-13T07:20:18-06:00 2023-12-31 510076769 GUNNIP & COMPANY LLP 2751 CENTERVILLE RD STE 300 WILMINGTON DE 19808 990 2023-01-01 271705610 CHILDREN AND FAMILIES FIRST ENDOWMENT INC CHIL 3026585177 555 JUSTISON STREET SUITE 150 WILMINGTON DE 19801 BRIAN MAXWELL CFO 3026585177 2024-11-12 1 1 KATHERINE L SILICATO CPA P00543107 3022255000 2023 2024-10-15 13:58:12Z CHILDREN AND FAMILIES FIRSTINC BRIAN MAXWELL 555 JUSTISON STREET SUITE 150 WILMINGTON DE 19801 100836 0 X WWW.CFFDE.ORG X 2010 DE CHILDREN & FAMILIES FIRST ENDOWMENT INC.'S (CFFE) SOLE PURPOSE IS TO ACT EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CHILDREN & FAMILIES FIRST DELAWARE INC., AN ORGANIZATION DESCRIBED IN SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE ACTIVITIES OF CFFE WILL BE TO HOLD AND MANAGE THE ENDOWMENT ASSETS OF CHILDREN AND FAMILIES FIRST DELAWARE INC. ADDITIONALLY, CFFE WILL ENGAGE IN A VARIETY OF FUNDRAISING ACTIVITIES WHICH MAY INCLUDE FOUNDATION, CORPORATE AND INDIVIDUAL SOLICITATIONS AND SPECIAL EVENTS. PROCEEDS FROM ACTIVITIES OF THE CORPORATION WILL EITHER BE REINVESTED IN THE ENDOWMENT FOR FUTURE USE BY CHILDREN & FAMILIES FIRST DELAWARE INC. OR DISTRIBUTED TO CHILDREN & FAMILIES FIRST DELAWARE INC. TO BE USED IN FURTHERANCE OF ITS EXEMPT PURPOSE. 5 5 0 0 0 0 0 0 0 0 91394 100836 0 0 91394 100836 0 0 0 0 0 0 0 0 0 19628 20463 19628 20463 71766 80373 3095891 3413329 0 0 3095891 3413329 X CHILDREN & FAMILIES FIRST ENDOWMENT INC.'S (CFFE) SOLE PURPOSE IS TO ACT EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CHILDREN & FAMILIES FIRST DELAWARE INC., AN ORGANIZATION DESCRIBED IN SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE ACTIVITIES OF CFFE WILL BE TO HOLD AND MANAGE THE ENDOWMENT ASSETS OF CHILDREN AND FAMILIES FIRST DELAWARE INC. ADDITIONALLY, CFFE WILL ENGAGE IN A VARIETY OF FUNDRAISING ACTIVITIES WHICH MAY INCLUDE FOUNDATION, CORPORATE AND INDIVIDUAL SOLICITATIONS AND SPECIAL EVENTS. PROCEEDS FROM ACTIVITIES OF THE CORPORATION WILL EITHER BE REINVESTED IN THE ENDOWMENT FOR FUTURE USE BY CHILDREN & FAMILIES FIST DELAWARE INC. OR DISTRIBUTED TO CHILDREN & FAMILIES FIRST DELAWARE INC. TO BE USED IN FURTHERANCE OF ITS EXEMPT PURPOSE. 0 0 NONE 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X X BRIAN MAXWELL CFO 3026585177 555 JUSTISON ST SUITE 150 WILMINGTON DE 19801 NICOLE MAGNUSSON MEMBER 0.00 X 0 0 0 JEFFERY S SILLS PRESIDENT 1.50 X X 0 0 0 WILLIAM N BRITTON VICE PRESIDENT 1.50 X X 0 0 0 PAUL L MCCOMMONS SECRETARY 1.50 X X 0 0 0 WILLIAM BOWLSBEY MEMBER 1.50 X 0 0 0 JOHN WOOD CFO/ADMINISTRATIVE OFFICER 5.00 32.50 X 0 153500 19921 KIRSTEN OLSON CHIEF EXECUTIVE OFFICER 5.00 32.50 X 0 194893 15414 0 348393 35335 0 0 1 0 0 100836 100836 100836 0 0 100836 20463 20463 20463 0 20463 0 3095891 3413329 3095891 3413329 0 0 X 2472068 2789506 623823 623823 3095891 3413329 3095891 3413329 X 80373 288411 -51346 X X 0 1 X 1 0 X X 1 CHILDREN AND FAMILIES FIRST DELAWARE INC 510065731 7 1 137941 0 1 137941 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 3095891 86595 389247 137941 20463 3413329 3625506 88663 -457291 141359 19628 3095891 3165600 676630 393629 588814 21539 3625506 2973574 88662 262554 140009 19181 3165600 2540479 88662 478949 116161 18355 2973574 0.82000 0.18000 0.00000 0 0 0 WILMINGTON TRUST 3413329 F 3413329 X PART V, LINE 4: EXPLANATION: ENDOWMENT FUNDS WERE ESTABLISHED TO PROVIDE A LONG TERM SOURCE OF INCOME TO SUPPORT SUSTAINABILITY OF THE ORGANIZATION'S OPERATIONS. INTEREST AND DIVIDEND INCOME IS UNRESTRICTED, AND CAN BE USED BY THE ORGANIZATION FOR CURRENT OPERATIONS. PART X, LINE 2: EXPLANATION: CFFE IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 509(A)(2). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE RULES FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE CONSOLIDATED FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ORGANIZATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ORGANIZATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR 2020, 2021 AND 2022 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. X 0 0 0 0 0 0 0 0 0 KIRSTEN OLSON CHIEF EXECUTIVE OFFICER 0 194893 0 0 0 0 0 0 0 15414 0 210307 0 0 JOHN WOOD CFO/ADMINISTRATIVE OFFICER 0 153500 0 0 0 0 0 0 0 19921 0 173421 0 0 FORM 990, PART VI, SECTION A, LINE 6 EXPLANATION: THE SUPPORTED ORGANIZATION, CHILDREN AND FAMILIES FIRST DELAWARE INC., IS THE SOLE VOTING MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A EXPLANATION: THE SUPPORTED ORGANIZATION, CHILDREN AND FAMILIES FIRST DELAWARE INC., AS THE SOLE VOTING MEMBER OF THE FILING ORGANIZATION, ELECTS ALL MEMBERS OF THE FILING ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EXPLANATION: THE SUPPORTED ORGANIZATION, CHILDREN AND FAMILIES FIRST DELAWARE INC., AS THE SOLE VOTING MEMBER OF THE FILING ORGANIZATION, HAS ULTIMATE AUTHORITY OVER GOVERNING BOARD DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B EXPLANATION: A COPY OF FORM 990 HAS BEEN PROVIDED TO THE ORGANIZATION'S FULL GOVERNING BOARD FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: THE ORGANIZATION HAS AN EFFECTIVE, WRITTEN CONFLICT OF INTEREST POLICY. THIS POLICY DEFINES CONFLICTS OF INTERESTS, IDENTIFIES ALL CLASSES OF INDIVIDUALS WITHIN THE ORGANIZATION COVERED BY THE POLICY, AND SPECIFIES PROCEDURES TO BE FOLLOWED IN MANAGING THOSE CONFLICTS. OFFICERS AND BOARD MEMBERS HAVE BEEN REQUIRED TO AND WILL CONTINUE TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. MANAGEMENT CONTINUOUSLY MONITORS AND ENFORCES THIS POLICY. THE EXECUTIVE DIRECTOR, OR CEO, IS CHARGED WITH PROVIDING WRITTEN APPROVAL SHOULD ANY PERSON COVERED BY THE POLICY SEEK OR RECEIVE REGULAR SERVICES FROM THE ORGANIZATION. ALL OTHER CONTRACTS OR TRANSACTIONS BETWEEN COVERED PERSONS AND THE ORGANIZATION REQUIRE PRIOR BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 EXPLANATION: FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. ADDITIONALLY, FORM 990 IS AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFERS TO RELATED ORGANIZATION -137,941. TRANSFERS FROM SUPPORTED ORGANIZATION 86,595. FORM 990, PART XII, LINE 2C: EXPLANATION: THE PROCESS OF GOVERNING OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. CHILDREN AND FAMILIES FIRST DELAWARE INC 555 JUSTISON ST SUITE 150 WILMINGTON DE 19802 510065731 CHARITABLE SERVICES FOR NEEDY CHILDREN AND FAMILIES IN DELAWARE DE 501(C)(3) LINE 7 0 B2W2 INC 555 JUSTISON ST SUITE 150 WILMINGTON DE 19802 271705781 SUPPORTING ORGANIZATION TO CHILDREN AND FAMILIES FIRST DELAWARE INC. DE 501(C)(3) LINE 12A, I CHILDREN AND FAMILIES FIRST DELAWARE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 B2W2 INC S 86595 FMV CHILDREN AND FAMILIES FIRST DELAWARE INC R 137941 FMV