Nonprofit · EIN 04-3105358
CHILDRENS INVESTMENT FUND INC
Tax-exempt · BOSTON, MA 02108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,334,242 | $2,224,085 | -$889,843 | $6,857,477 | $730,045 | $6,127,432 |
| June 30, 2024 | 990 | $1,898,365 | $2,331,151 | -$432,786 | $8,038,883 | $1,021,608 | $7,017,275 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,002,298
- of which government grants
- $719,230
- Program service revenue
- $108,348
- Investment income
- $223,596
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,137,671
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $763
- Accounting fees
- $35,200
- Program services (functional)
- $2,029,943
- Management and general (functional)
- $188,969
- Fundraising (functional)
- $5,173
Balance sheet and other
- Total assets, start of year
- $8,038,883
- Total assets, end of year
- $6,857,477
- Total liabilities, end of year
- $730,045
- Net assets, end of year
- $6,127,432
- Net assets without donor restrictions
- $2,664,676
- Net assets with donor restrictions
- $3,462,756
- Gross receipts
- $1,334,242
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1990
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY O'LEARY | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| WAYNE YSAGUIRRE | VICE PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| KARLEY AUSIELLO | TREASURER Trustee or director, Officer | 1.5 | $0 |
| SHARON SCOTT-CHANDLER | BOARD MEMBER/CLERK Trustee or director, Officer | 1.5 | $0 |
| MICHAEL LINDSTROM | BOARD MEMBER Trustee or director | 1 | $0 |
| CARL SUSSMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARGARET SPRAGUE | BOARD MEMBER Trustee or director | 1 | $0 |
| RENEE BOYNTON-JARRETT | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD MURAIDA | BOARD MEMBER Trustee or director | 1 | $0 |
| LESLIE REID | BOARD MEMBER Trustee or director | 1 | $0 |
| DAWN DISTEFANO | BOARD MEMBER Trustee or director | 1 | $0 |
| CATHERINE DUN RAPPAPORT | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTI STAPLES | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA ANDORS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEBORAH HALL | BOARD MEMBER Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH WILLIS | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNE DOUGLASS | BOARD MEMBER (LEFT DURING FY25) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY O'LEARY | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| WAYNE YSAGUIRRE | VICE PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| BRUCE FIGUEROA | TREASURER (LEFT DURING FY24) Trustee or director, Officer | 1.5 | $0 |
| KARLEY AUSIELLO | TREASURER Trustee or director, Officer | 1.5 | $0 |
| KHUSHBU WEBBER | BOARD MEMBER/CLERK(LEFT DURING FY24) Trustee or director, Officer | 1.5 | $0 |
| SHARON SCOTT-CHANDLER | BOARD MEMBER/CLERK Trustee or director, Officer | 1.5 | $0 |
| MICHAEL LINDSTROM | BOARD MEMBER Trustee or director | 1 | $0 |
| CARL SUSSMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARGARET SPRAGUE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOAN KAGAN | BOARD MEMBER (LEFT DURING FY24) Trustee or director | 1 | $0 |
| RENEE BOYNTON-JARRETT | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD MURAIDA | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNE DOUGLASS | BOARD MEMBER Trustee or director | 1 | $0 |
| LESLIE REID | BOARD MEMBER Trustee or director | 1 | $0 |
| DAWN DISTEFANO | BOARD MEMBER Trustee or director | 1 | $0 |
| CATHERINE DUN RAPPAPORT | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTI STAPLES | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 18 TREMONT ST STE 500, BOSTON, MA 02108-2305
- In care of
- % UNITED WAY OF MASSACHUSETTS BAY
- Principal officer (990 for 2024)
- AMY O'LEARY, 18 TREMONT ST SUITE 500, BOSTON, MA 02108
- Signed the 990
- AMY O'LEARY, BOARD PRESIDENT
- Phone
- (617) 727-5944
- Website
- HTTPS://CIF-MA.ORG
- Return prepared by
- AAFCPAS INC
Mission
THE CHILDREN'S INVESTMENT FUND'S (CIF) PRIMARY PURPOSE IS TO IMPROVE THE QUALITY OF AND EXPAND ACCESS TO EARLY LEARNING AND SCHOOL-AGE CHILD CARE PROGRAMS FOR LOW AND MODERATE-INCOME FAMILIES. IN ORDER TO BROADEN THE IMPACT OF ITS WORK CIF ALSO SEEKS TO SUPPORT AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES THROUGH PLACE-BASED TWO-GENERATION AND OTHER STRATEGIES THAT RESULT IN SAFER, HEALTHIER AND MORE STABLE ENVIRONMENTS IN WHICH TO RAISE YOUNG CHILDREN.
Program accomplishments
- EARLY EDUCATION AND OUT OF SCHOOL TIME (EEOST) CAPITAL FUND AND EARLY EDUCATION AND CARE PROVIDER CAPITAL GRANT PROGRAM (EECPCG): THE EEOST PROGRAM WAS FIRST AUTHORIZED BY THE MASSACHUSETTS LEGISLATURE AS PART OF THE 2013 COMMUNITY DEVELOPMENT CAPITAL BOND BILL. IN MAY 2018, EEOST WAS REAUTHORIZED BY THE LEGISLATURE AS PART OF THE HOUSING CAPITAL BOND BILL. EACH OF THOSE BOND BILLS AUTHORIZED THE ISSUANCE OF UP TO $45 MILLION IN GENERAL OBLIGATION BONDS, SUBJECT TO ANNUAL ALLOCATIONS DETERMINED BY THE EXECUTIVE OFFICE FOR ADMINISTRATION AND FINANCE. IN AUGUST 2024, THE LEGISLATURE REAUTHORIZED THE PROGRAM FOR UP TO $50 MILLION, SUBJECT TO ANNUAL ALLOCATIONS DETERMINED BY THE EXECUTIVE OFFICE OF ADMINISTRATION AND FINANCE. THE PURPOSE OF EEOST IS TO PROVIDE CAPITAL GRANTS TO LICENSED CENTER-BASED NONPROFIT EARLY EDUCATION AND OUT-OF-SCHOOL TIME PROGRAMS TO FUND FACILITY ACQUISITION, DESIGN, CONSTRUCTION AND/OR RENOVATION. EECPCG IS DESIGNATED FOR FOR-PROFIT CENTERS TO DEVELOP AND/OR REHABILITATE ELIGIBLE FACILITIES IN WHICH A CERTAIN NUMBER OF SLOTS ARE RESERVED TO SERVE LOW-INCOME FAMILIES. CIF, UNDER CONTRACT WITH CEDAC, UNDERWRITES, CLOSES AND DISBURSES THE GRANT FUNDS AWARDED BY THE DEPARTMENT OF EARLY EDUCATION AND CARE (EEC). AS OF JUNE 30, 2025, $62.4 MILLION HAS BEEN AWARDED TO CHILD CARE PROVIDERS SINCE 2013 UNDER THE EEOST AND EECPCG PROGRAMS.Expenses $383,470
- TECHNICAL ASSISTANCE AND LENDING: CIF PROVIDES A FULL RANGE OF FINANCING, TRAINING, AND TECHNICAL SERVICES OPTIONS FOR EARLY EDUCATION AND OUT-OF-SCHOOL TIME PROVIDERS SEEKING TO CONSTRUCT OR IMPROVE THEIR FACILITIES. CIF'S SIGNATURE TRAINING, THE BUILDING STRONGER CENTERS INSTITUTE, IS A FOUR-DAY, INTENSIVE TRAINING DESIGNED FOR CHILDCARE CENTERS THAT ARE PLANNING A MAJOR RENOVATION OR CONSTRUCTION PROJECT. CONTENT INCLUDES INFORMATION ON THE DEVELOPMENT PROCESS, FINANCING STRATEGIES, HIGH-QUALITY DESIGN, AND EXAMPLES OF SUCCESSFUL PROJECTS. IN ADDITION TO PROVIDING TECHNICAL EXPERTISE AND TRAINING, CIF OFFERS PREDEVELOPMENT, SITE ACQUISITION, CONSTRUCTION LOANS, AND TERM LOANS TO HELP FINANCE THE COST OF DEVELOPING LARGER CAPITAL PROJECTS, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT ON FLEXIBLE LOAN TERMS THAT MEET THE NEEDS OF CHILDCARE PROVIDERS OF ALL SIZES. IN 2018, CIF EXTENDED THIS SUPPORT TO AFFORDABLE HOUSING DEVELOPERS THAT ARE CREATING FAMILY UNITS IN MASSACHUSETTS.Expenses $475,819 · revenue $108,348
- FACILITY IMPROVEMENT GRANTS: CIF RAISES CAPITAL THAT CAN BE USED FOR GRANTS TO PROVIDERS TO FUND THE COST OF FACILITY IMPROVEMENTS. CIF HAS RECEIVED TOTAL FUNDING OF $2 MILLION FROM THE LIBERTY MUTUAL FOUNDATION TO FUND ACCESSIBILITY IMPROVEMENTS IN BOSTON-BASED EARLY EDUCATION AND OUT-OF-SCHOOL TIME CENTERS. IN FISCAL YEAR 2024, CIF RECEIVED A GRANT FROM THE U.S. DEPARTMENT OF THE TREASURY'S CDFI FUND FOR $986,991 UNDER THE EQUITABLE RECOVERY PROGRAM (ERP). CIF IS USING THESE FUNDS TO PROVIDE CAPITAL GRANTS TO CHILD CARE PROVIDERS LOCATED IN LOW OR MODERATE-INCOME MAJORITY MINORITY CENSUS TRACTS IN MASSACHUSETTS. CIF HAS AWARDED $960,000 OF THE ERP GRANTS TO FIVE PROVIDERS AS OF JUNE 30, 2025.Expenses $1,170,654 · grants $1,137,671
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3105358
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $6,857,477
- Income (IRS master file)
- $1,334,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,334,242 | $2,224,085 | $6,857,477 | XML |
| 990 | June 2024 | $1,898,365 | $2,331,151 | $8,038,883 | XML |
| 990 | June 2023 | $1,965,950 | $1,218,219 | $7,425,756 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3105358).
Questions about CHILDRENS INVESTMENT FUND INC
- What is the EIN of CHILDRENS INVESTMENT FUND INC?
- The employer identification number (EIN) of CHILDRENS INVESTMENT FUND INC is 04-3105358.
- Is CHILDRENS INVESTMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CHILDRENS INVESTMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHILDRENS INVESTMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHILDRENS INVESTMENT FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHILDRENS INVESTMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHILDRENS INVESTMENT FUND INC?
- The 990 for the year ended June 30, 2025 names AMY O'LEARY.
- Who are the officers and directors of CHILDRENS INVESTMENT FUND INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does CHILDRENS INVESTMENT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,334,242, expenses of $2,224,085 and total assets of $6,857,477 at year end.
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