BBB Wise Giving Report for
Children of Fallen Patriots Foundation

BBB Wise Giving Report issued February 2012
BBB Wise Giving Report expires September 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Children of Fallen Patriots Foundation
Address: P.O. Box 181
  Old Greenwich, CT 06870
Phone: 203-698-0409
Web Address: http://www.fallenpatriots.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2003, Connecticut
Affiliates: None
Stated Purpose: "to provide college scholarships and educational counseling to military children who have lost a parent in combat or training."

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Evaluation Conclusions

               

Children of Fallen Patriots Foundation (CFPF) meets the 20 Standards for Charity Accountability.
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Programs

               

CFPF aims to provide information, scholarships and other educational 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. The organiztion also provides scholarship funds and financial support to other similar charitable organizations.

For the year ended December 31, 2010, CFPF's program expenses were:

  
Program services 717,348
Total Program Expenses: $717,348
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Governance

               

Chief Executive : Gregory Islan, Executive Director
Compensation*:
 $33,000

Chair of the Board: David Y. Kim
Chair's Profession / Business Affiliation: Partner, Apax Partners

Board Size: 3

Paid Staff Size: 1

*2008 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, telemarketing, special events, print advertisements, and Internet appeals.
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Tax Status

               

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.
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Financial

               

The following information is based on CFPF's audited financial statements for the year ended December 31, 2010.

Source of Funds  
Special events, net 1,653,424
Contributions 129,084
Interest income 1,703
Total Income $1,784,211


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Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 17%  Administrative: 8% 

Total income   $1,784,211
  Program expenses $717,348
  Fund raising expenses 160,484
  Administrative expenses 74,982
 
Total expenses   $952,814
Income in Excess of Expenses   831,397
Beginning net assets   216,003
Ending net assets   1,047,400
Total liabilities   5,224
Total assets   $1,052,624


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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