Children of Fallen Patriots Foundation meets the 20 Standards for Charity Accountability.
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Year, State Incorporated
2003, CT
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Stated Purpose
"to provide information, scholarships and other education assistance to persons who are in financial need and are children of members of the United States Army, Navy, Marines, Air Force or Coast Guard killed in the line of duty."
Children of Fallen Patriots Foundation (CFPF) donates scholarships to children of fallen military members. The organization also helps families with SAT/ACT preparation support, internships, and career placements with corporate partners. In 2018, CFPF reported distribution of $6.8 million in support to 796 students attending 382 schools in all 50 states.
For the year ended December 31, 2018, Children of Fallen Patriots Foundation's program expenses were:
Scholarships |
$5,552,581 |
Other program support |
$1,197,707 |
Total Program Expenses: |
$6,750,288 |
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Chief Executive
David Kim, Chief Executive Officer
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Compensation*
$0
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Chair of the Board
Thomas McGann
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Chair's Profession / Business Affiliation
Chief Executive Officer, K&N Engineering
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Board Size
6
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Paid Staff Size
15
* 2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
*CFPF reports that its Chief Executive Officer, David Y. Kim, receives no compensation.
Method(s) Used:
Grant proposals, Internet, Invitations to fund raising events
Fundraising costs were 7% of related contributions. (Related contributions, which totaled $12,853,256 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Children of Fallen Patriots Foundation's audited financial statements for the year ended December 31, 2018.
Source of Funds |
Grants and contributions |
$10,843,152 |
Special events, net |
$2,010,104 |
Interest income |
$40,397 |
Total Income |
$12,893,653 |
- Programs: 84%
- Fundraising: 11%
- Administrative: 5%
Total Income |
$12,893,653 |
Program expenses |
$6,750,288 |
Fundraising expenses |
$931,210 |
Administrative expenses |
$406,451 |
Other expenses |
$0 |
Total expenses: |
$8,087,949 |
Income in Excess of Expenses |
$4,805,704 |
Beginning Net Assets |
$10,000,625 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$14,806,329 |
Total Liabilities |
$210,869 |
Total Assets |
$15,017,198 |
Note: According to CFPF's audited financial statements for the year ending December 31, 2018, the organization received in-kind contributions totaling $161,630 in the form of advertising and legal services.