Children's Guardian Fund
Nonprofit profile at a glance
- EIN
- 650626074
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Sarasota, FL, USA
- Phone
- 9415049515
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Administration of Justice, Courts
Reported finances
- Revenue
- $542,263
- Expenses
- $625,418
- Assets
- $921,190
- Liabilities
- $54,895
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- ANDREW CHIANG (PRESIDENT)
Highest reported compensation
- SVETLANA IVASHCHENKO (EXECUTIVE DI): $102,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To nurture the social, emotional, and academic success of children and young adults impacted by the juvenile dependency care system in desoto, manatee, and sarasota counties.
What it reported doing in 2024
Normalcy and enrichment - most children in foster care come from chaotic and abusive environments. Many have never had a birthday cake, a book or a stuffed animal, much less the calm, undivided attention of an adult in their lives. Their needs range from the profound to the more mundane volunteer child advocates apply for funding through the children's guardian fund (cgf) to provide simple needs such as a prom dress or soccer cleats, or life-changing experiences such as specialized summer camps or music, art or sports lessons. Each request is tailored to a particular child's physical and emotional well-being. Next step - through this program, cgf advocates for adolescents age 13 to 23 who need extra support as they transition out of state care and into self- sufficiency. Our goal is to help these children become more successful academically and acquire important life skills before they start living independently. Funds raised for this at-risk group may be used for: housing and utility deposits, bus passes, gas cards or bikes, career clothing such as uniforms or dress clothes for a first job, mentors and peer tutors.
Operating model
- Revenue model
- Donor-supported. 71% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.3%; rating input score 99
- Program expense ratio: 86.1%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -15.3%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 1.47; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 16.3%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 8.3% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 8.3% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 99.3% of revenue deployed · 86.1% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $539K in reported program spending
- Leadership: top reported pay $102K · 12 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 12/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.