2024-05-15T15:50:05-05:00 2023-06-30 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-07-01 843694024 CHILDREN'S EQUITY FUND BAIN 2404500004 7735 OLD GEORGETOWN RD 1000 BETHESDA MD 20814 MICHAEL BRANNAN TREASURER 2404500004 2024-05-15 1 MICHAEL BRANNAN XXX-XX-XXXX 0 FRANK H SMITH P00639053 2022274000 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL BRANNAN 7735 OLD GEORGETOWN RD 1000 BETHESDA MD 20814 27420780 0 X N/A X 2019 DE WE CHAMPION LASTING POLICY CHANGES TO IMPROVE WELL-BEING OF CHILDREN AND FAMILIES. 3 3 0 6 0 0 0 0 0 0 5367320 2430629 0 0 5367320 2430629 3240000 3720000 0 0 260023 384780 0 0 0 725450 659826 4225473 4764606 1141847 -2333977 119106554 120585585 525177 296431 118581377 120289154 TO CHAMPION COMPREHENSIVE POLICY CHANGES AT THE FEDERAL, STATE AND LOCAL LEVELS TO CREATE LASTING SYSTEMS CHANGE THAT IMPROVES THE WELL-BEING OF CHILDREN AND FAMILIES. 0 0 3247385 3240000 EARLY CHILDHOOD ADVOCACY AND POLICY: THE FIRST FEW YEARS OF LIFE ARE CRITICAL FOR HUMAN DEVELOPMENT AS THE BUILDING BLOCKS FOR LIFELONG LEARNING, ECONOMIC PRODUCTIVITY, HEALTH AND WELLBEING, AND POSITIVE RELATIONSHIPS ARE FORMED DURING THIS EARLY CHILDHOOD DEVELOPMENTAL PERIOD. THE FUND WORKS WITH LOCAL AND NATIONAL ORGANIZATIONS TO IMPROVE CONDITIONS FOR YOUNG CHILDREN (BIRTH THROUGH AGE EIGHT) AND THEIR FAMILIES BY ADVANCING EQUITY-DRIVEN PUBLIC POLICIES AND SYSTEMIC CHANGE. THE FUND HAS AWARDED FUNDING TO ORGANIZATIONS THAT EXPLICITLY ADVOCATE FOR INCREASED PUBLIC INVESTMENTS IN EARLY CHILDHOOD PROGRAMS AND SERVICES, WITH ATTENTION TO HISTORICALLY MARGINALIZED POPULATIONS AND COMMUNITIES. 486957 480000 WHILE THE PRIMARY FOCUS OF CEF IS TO ADVANCE POSITIVE OUTCOMES FOR EARLY CHILDHOOD, THE ORGANIZATION ACKNOWLEDGES THE IMPORTANCE OF A HEALTHY DEMOCRACY AND ROBUST CIVIC ENGAGEMENT TO CREATE LASTING SYSTEMS CHANGE. THE INNOVATION FUND AIMS TO ADDRESS SYSTEMIC DISENFRANCHISEMENT OF PEOPLE OF COLOR AROUND THE COUNTRY. CEF ENGAGES POLICY AND ADVOCACY PARTNERS TO INCREASE PUBLIC TURNOUT TO VOTING AND TO EDUCATE VOTERS ABOUT HOW POLICY POSITIONS IMPACT YOUNG CHILDREN AND THEIR FAMILIES. PARTNERS IN THIS SPACE WORK WITH LOCAL COMMUNITY LEADERS AND VOLUNTEERS TO EMPOWER AND EDUCATE VOTERS ABOUT THEIR RIGHTS AND VOTING OPTIONS. 115900 CEF HAS FOCUSED ON RESEARCH, LEARNING HOW BEST TO DEPLOY ITS FUNDS, AND BUILDING INFRASTRUCTURE FROM WHICH IT CAN LAUNCH PROGRAM INITIATIVES. THE INFRASTRUCTURE DEVELOPMENT PROGRAM IS INSTRUMENTAL IN EQUIPPING CEF TO ADVANCE POLICY CHANGE FOR YOUNG CHILDREN THROUGH BUILDING THE FINANCIAL, LEGAL, TECHNOLOGY, COMMUNICATIONS AND EVALUATION INFRASTRUCTURE NEEDED TO EFFECTIVELY OPERATE A 501(C)(4) ALONGSIDE A PRIVATE FOUNDATION. THE PROGRAM HAS PRODUCED A DELIBERATE AND THOUGHTFUL PROCESS THAT POSITIONS CEF TO BE AN EFFECTIVE AND IMPACTFUL FUNDER IN THE EARLY CHILDHOOD POLICY ARENA. 3850242 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 DE X MIKE BRANNAN 2404500000 7735 OLD GEORGETOWN RD SUITE 1000 BETHESDA MD 20814 BARBARA BAINUM BOARD DIRECTOR 1.00 X 0 0 0 SCOTT RENSCHLER BOARD DIRECTOR 1.00 X 0 0 0 BRAD BAINUM BOARD DIRECTOR 1.00 X 0 0 0 DAVID DANIELS PRESIDENT 3.00 37.00 X 51243 424561 94867 ANGELA DEEDS TREASURER 5.00 35.00 X 45813 183776 33689 MAE CHEUNG SECRETARY 10.00 30.00 X 58077 178066 28771 LEILA OTIS CFO,RELATED ORGANIZATION 2.00 38.00 X 13901 257080 39259 REBECCA CISEK VICE PRESIDENT 1.00 39.00 X 5453 220218 16810 MARICA COX MITCHELL VICE PRESIDENT 1.00 39.00 X 6229 218391 35688 ANN EGAN DIRECTOR,COMMUNICATIONS 1.00 39.00 X 5412 159465 36942 CLARA NORTHINGTON VICE PRESIDENT OF HUMAN RESOURCES 1.00 39.00 X 10501 195327 54886 196629 1836884 340912 0 0 1 0 THE ROCK CREEK GROUP 1133 CONNECTICUT AVENUE NW SUITE WASHINGTON DC 20036 INVESTMENT CONSULTING/FEES 255690 1 1526878 1526878 25893902 24990151 903751 903751 903751 2430629 0 0 2430629 3720000 3720000 198741 46340 152401 123476 26465 97011 17246 3507 13739 23033 5580 17453 22284 4929 17355 10503 10503 7455 7455 236193 236193 280606 20314 260292 1537 224 1313 72637 13793 58844 27955 5870 22085 15179 1590 13589 7761 1630 6131 4764606 3850242 914364 0 3078268 2494534 14595690 5911982 210392 245359 8139 101222204 111925571 119106554 120585585 106849 83905 250000 168328 212526 525177 296431 X 118581377 120289154 118581377 120289154 119106554 120585585 -2333977 4041754 0 X 0 0 0 0 RELATED PARTY PAYABLE 212526 212526 X PART X, LINE 2: THE FUND PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED JUNE 30, 2023 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE FUND'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. FOR FEDERAL TAX PURPOSES, THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE RESPECTIVE FILING DEADLINES OF THOSE RETURNS. 1 CHILD CARE AWARE OF AMERICA 1515 N COURTHOUSE ROAD 3RD FLOOR ARLINGTON VA 22201 943060756 501C3/509A1 25000 0 EARLY CHILDHOOD PROGRAMS DC ACTION FOR CHILDREN 1400 16TH STREET NW SUITE 740 WASHINGTON DC 20036 521807264 501C3/509A1 1224000 0 EARLY CHILDHOOD PROGRAMS DC EARLY LEARNING COLLABORATIVE INC 700 PENNSYLVANIA AVENUE 2ND FLOOR WASHINGTON DC 20003 813319966 501C3/509A2 280000 0 EARLY CHILDHOOD PROGRAMS DC FISCAL POLICY INSTITUTE 1275 FIRST STREET NW WASHINGTON DC 20002 832103918 501C3/509A1 341000 0 EARLY CHILDHOOD PROGRAMS ECONOMIC SECURITY PROJECT ACTION 228 PARK AVE S PMB 32482 NEW YORK NY 10003 832050594 501C4 175000 0 SUPPORT OF FEDERAL CTC EFFORTS FUSION PARTNERSHIPS INC 1601 GUILFORD AVENUE BALTIMORE MD 21202 522148413 501C3/509A2 300000 0 EARLY CHILDHOOD PROGRAMS FUTURE NOW ACTION 611PENNSYLVANIA AVENUE SE WASHINGTON DC 20003 822390410 501C4 100000 0 VOTE EDUCATION AND REGISTRATION EFFORS IMPACT FELLOWS ACTION FUND 12120 STATE LINE ROAD 555 LEAWOOD KS 66209 842105087 501C4 475000 0 EARLY CHILDHOOD PROGRAMS JEWS UNITED FOR JUSTICE CAMPAIGN FUND 1100 H STREET NW SUITE 630 WASHINGTON DC 20005 522346578 501C3 450000 0 EARLY CHILDHOOD PROGRAMS MOMSRISING TOGETHER 3717 BOSTON STREET 313 BALTIMORE MD 21224 204448446 501C4 100000 0 VOTE EDUCATION AND REGISTRATION EFFORS SOCIAL GOOD FUND 12651 SAN PABLO AVENUE UNIT 5473 RICHMOND CA 94805 461323531 501C3/509A2 250000 0 EARLY CHILDHOOD PROGRAMS 6 5 SCHEDULE I, PART I LINE 1 CEF MAKES GRANTS TO ORGANIZATION THAT FURTHER THE MISSION OF CEF. GRANT AWARDS INVOLVE A WRITTEN AGREEMENT THAT SPECIFIES THE PURPOSE OF THE GRANT, PERMISSIBLE USE AND RECORDKEEPING AND REPORTING REQUIREMENTS. GRANTEES ARE REQUIRED TO SUBMIT A REPORT WITHIN 60 DAYS UPON TERMINATION OF THE AGREEMENT AND TO MAKE THEIR RECORDS OF THE USE OF THE GRANT FUNDS AVAILABLE FOR REVIEW. THESE REPORTS ARE REVIEWED TO ENSURE THAT SUCH GRANTS ARE USED FOR PROPER PURPOSES AND ARE NOT OTHERWISE DIVERTED FROM THE INTENDED USE. X X X 0 0 0 0 0 0 0 0 0 DAVID DANIELS PRESIDENT 51243 424561 0 0 0 0 2363 70605 2329 19570 55935 514736 0 0 LEILA OTIS CFO,RELATED ORGANIZATION 13901 257080 0 0 0 0 965 36006 111 2177 14977 295263 0 0 MAE CHEUNG SECRETARY 58077 178066 0 0 0 0 4627 14556 2447 7141 65151 199763 0 0 ANGELA DEEDS TREASURER 45813 183776 0 0 0 0 3563 14767 3353 12006 52729 210549 0 0 CLARA NORTHINGTON VICE PRESIDENT OF HUMAN RESOURCES 10501 195327 0 0 0 0 612 16675 1332 36267 12445 248269 0 0 MARICA COX MITCHELL VICE PRESIDENT 6229 218391 0 0 0 0 311 11143 670 23564 7210 253098 0 0 REBECCA CISEK VICE PRESIDENT 5453 220218 0 0 0 0 109 4431 223 12047 5785 236696 0 0 ANN EGAN DIRECTOR,COMMUNICATIONS 5412 159465 0 0 0 0 424 12927 793 22798 6629 195190 0 0 PART I, LINE 3 THE ORGANIZATION HAS A RESOURCE SHARING AGREEMENT WITH THE BAINUM FAMILY FOUNDATION, A RELATED PARTY. SHARED RESOURCES INCLUDE THE EMPLOYEES AND THE OFFICERS OF THE FOUNDATION. THE FOUNDATION'S COMPENSATION COMMITTEE APPROVES CEO COMPENSATION AND USES COMPARABILITY DATA. FORM 990, PART VI, SECTION A, LINE 2 OFFICERS AND SOME DIRECTORS OF THE FUND ARE ALSO THE DIRECTORS OR EMPLOYEES OF THE BAINUM FAMILY FOUNDATION. THE DIRECTORS HAVE FAMILY RELATIONSHIPS. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS ONE CLASS OF MEMBERS COMPRISED OF 3-5 LINEAL DESCENDANTS OF STEWART BAINUM SR. AND JANE BAINUM, AND THE SPOUSES, LIFE PARTNERS AND CHILDREN OF SUCH LINEAL DESCENDANTS. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONE CLASS OF MEMBERS COMPRISED OF 3-5 LINEAL DESCENDANTS OF STEWART BAINUM SR. AND JANE BAINUM, AND THE SPOUSES, LIFE PARTNERS AND CHILDREN OF SUCH LINEAL DESCENDANTS. THE MEMBERS HAVE THE RIGHT AND DUTY TO FIX THE NUMBER OF DIRECTORS OF THE CORPORATION, ELECT AND REMOVE THE DIRECTORS OF THE CORPORATION, AND APPOINT THE CHAIR OF THE BOARD OF DIRECTORS. THE MEMBERS ALSO HAVE THE EXCLUSIVE RIGHT TO SET THE MISSION AND VISION STATEMENTS OF THE CORPORATION, APPROVE CHANGES TO THE CORPORATION'S GOVERNING DOCUMENTS AND APPROVE THE DISSOLUTION OF THE CORPORATION. FINALLY, THE MEMBERS HAVE THE RIGHT TO APPROVE "ANY OTHER FUNDAMENTAL TRANSACTIONS" OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THERE IS ONE CLASS OF MEMBERS COMPRISED OF 3-5 LINEAL DESCENDANTS OF STEWART BAINUM SR. AND JANE BAINUM, AND THE SPOUSES, LIFE PARTNERS AND CHILDREN OF SUCH LINEAL DESCENDANTS. THE MEMBERS HAVE THE RIGHT AND DUTY TO FIX THE NUMBER OF DIRECTORS OF THE CORPORATION, ELECT AND REMOVE THE DIRECTORS OF THE CORPORATION, AND APPOINT THE CHAIR OF THE BOARD OF DIRECTORS. THE MEMBERS ALSO HAVE THE EXCLUSIVE RIGHT TO SET THE MISSION AND VISION STATEMENTS OF THE CORPORATION, APPROVE CHANGES TO THE CORPORATION'S GOVERNING DOCUMENTS AND APPROVE THE DISSOLUTION OF THE CORPORATION. FINALLY, THE MEMBERS HAVE THE RIGHT TO APPROVE "ANY OTHER FUNDAMENTAL TRANSACTIONS" OF THE CORPORATION. EACH MEMBER IS ENTITLED TO ONE VOTE, AND ALL VOTES ARE WEIGHTED EQUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE DRAFT VERSION OF THE FEDERAL FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE CENTER. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ADOPTED A WRITTEN CONFLICT OF INTEREST POLICY AT INCEPTION AND ALL BOARD MEMBERS AND KEY STAFF ARE SUBJECT TO ITS PROVISIONS. ALL BOARD, COMMITTEE AND STAFF MEMBERS ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE STATEMENT REQUIRES EACH PERSON TO ACKNOWLEDGE THEY HAVE READ, UNDERSTOOD, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS. THE COMPLIANCE PROCESS IS UNDER THE DIRECTION OF THE GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A RESOURCE SHARING AGREEMENT WITH THE BAINUM FAMILY FOUNDATION, A RELATED ORGANIZATION. SHARED RESOURCES INCLUDE THE EMPLOYEES AND OFFICERS OF THE FOUNDATION. THE FOUNDATION USES COMPARABILITY DATA IN DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FUND MAKES ITS GOVERNING AND OTHER DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 990,PART VI, LINE 13 THROUGH A RESOURCE SHARING AGREEMENT, THE ORGANIZATION SHARES EMPLOYEES WITH THE BAINUM FAMILY FOUNDATION, A RELATED ORGANIZATION. THE ORGANIZATION HAS ADOPTED THE FOUNDATION'S WHISTLEBLOWER POLICY, WHICH PROTECTS EMPLOYEES FROM RETALIATION AND PROVIDES A HOTLINE TO REPORT POSSIBLE VIOLATIONS OR INAPPROPRIATE PRACTICES. BAINUM FAMILY FOUNDATION 7735 OLD GEORGETOWN ROAD SUITE 1000 BETHESDA MD 20814 237000192 PRIVATE OPERATING FOUNDATION DC 501(C)(3) PF N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 BAINUM FAMILY FOUNDATION P 446801