Children of Fallen Patriots Foundation

EIN: 470902295 501(c)(3) Education

Reston, VA

Total Revenue
$16,656,385
Total Expenses
$14,659,539
Total Assets
$18,611,301
Net Assets
$18,139,273
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DE
Principal Officer
David Y Kim
Phone
8669172373
Tax Period
2024-01-01 to 2024-12-31

Children of Fallen Patriots Foundation, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $12.7M in total revenue in fiscal year 2018. The organization ran a surplus of $4.8M, a strong 38% operating margin.

Mission

Provides college scholarships and educational counseling to military children who have lost a parent in the line of duty.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,548,750
Program Service Revenue $0
Investment Income $575,839
Other Revenue $-468,204
TOTAL REVENUE $16,656,385

Expense Breakdown

Grants Paid $10,245,281
Salaries & Benefits $3,285,926
Fundraising Expenses $1,375,053
Program Expenses $12,405,598
Other Expenses $1,128,332
TOTAL EXPENSES $14,659,539

Year-over-Year Comparison

2024 2023 Change
Revenue $16,656,385 $12,377,838 +0.3%
Expenses $14,659,539 $14,310,981 +0.0%
Net Income $1,996,846 $-1,933,143 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
35
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$333,686
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas McGann Chair 1.00
Officer Director
$0 $0 $0
David Daigle Treasurer 1.00
Officer Director
$0 $0 $0
David Kim Co-Founder & CEO 1.00
Officer Director
$0 $0 $0
Nancy Armstrong Director 1.00
Director
$0 $0 $0
Benjamin Carter Director 1.00
Director
$0 $0 $0
Robert Sweeney Director 1.00
Director
$0 $0 $0
Cynthia Kim Co-Founder & Director 1.00
Director
$0 $0 $0
Peter Hogarth CFO & Co-Chief of Staff 40.00
Officer
$317,850 $15,836 $333,686
Luisa Zhou VP Finance & Sr. Dir of Ops 40.00
Highest
$220,220 $23,562 $243,782
Steven Smith Development Officer 40.00
Highest
$198,639 $204 $198,843
Lillian Hoffer Director of Development 40.00
Highest
$176,000 $204 $176,204
Mary Grace McCormick Asst Controller 40.00
Highest
$114,371 $204 $114,575
Elizabeth Hineline Sr. Acct & FP&A Analyst 40.00
Highest
$102,031 $23,562 $125,593
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $16,656,385 $14,659,539 $18,611,301 $1,996,846
2023 $12,377,838 $14,310,981 $16,291,062 $-1,933,143
2022 $13,060,746 $13,994,335 $18,264,760 $-933,589
2021 $10,802,819 $9,614,281 $19,206,225 $1,188,538
2020 $7,204,158 $9,035,315 $17,938,082 $-1,831,157
2019 $14,263,021 $9,417,572 $19,728,008 $4,845,449
2018 $12,697,881 $7,892,177 $15,017,198 $4,805,704
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