HEDGE FUNDS CARE INC Charity Report

Public IRS 990 nonprofit record

HEDGE FUNDS CARE INC

EIN 43-1959796 · Public Foundations (T30)

What they do

THE PRINCIPAL MISSION of HEDGE FUNDS CARE is to SUPPORT EFFORTS to PREVENT and TREAT CHILD ABUSE. HEDGE FUNDS CARE is A CHARITY RAISING FUNDS and AWARENESS WITHIN THE HEDGE FUND INDUSTRY. THROUGH ITS REGIONAL and INTERNATIONAL FUNDRAISING EVENTS, GENERALLY, FUNDS RAISED AT EACH EVENT WITHIN THE LOCAL REGION ARE GRANTED OUT to ORGANIZATIONS SELECTED and EVALUATED ON THE BASIS of THEIR ABILITY to ADDRESS CHILD ABUSE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders41 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.76%of revenue went to mission work70.5% of expenses · Program services

17.78%of revenue went to fundraising14.0% of expenses

$127.30spent for every $100 of revenueSpending was higher than revenue this year.

19.77%of revenue went to management and office costs15.5% of expenses

$1.25in assets for every $1 spent this yearSome assets cannot be spent right away.

112.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $452,876 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $189,581 for SUMUDU WAAS (EXECUTIVE DIRECTOR & COO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,658,839

Mission workProgram services$1,488,92689.76% of revenue70.5% of expenses

ManagementOffice and general costs$327,91819.77% of revenue15.5% of expenses

FundraisingAsking for donations$294,87117.78% of revenue14.0% of expenses

Total expenses$2,111,715127.30% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.5% mission · 15.5% management · 14.0% fundraisingTotal expenses: 127.30% of revenue

2023Expense mix: 72.8% mission · 16.0% management · 11.2% fundraisingTotal expenses: 97.62% of revenue

2022Expense mix: 67.0% mission · 18.3% management · 14.7% fundraisingTotal expenses: 88.06% of revenue

2021Expense mix: 71.1% mission · 14.0% management · 15.0% fundraisingTotal expenses: 99.95% of revenue

2020Expense mix: 55.3% mission · 21.5% management · 23.3% fundraisingTotal expenses: 95.86% of revenue

2019Expense mix: 59.0% mission · 19.6% management · 21.4% fundraisingTotal expenses: 87.66% of revenue

2018Expense mix: 58.7% mission · 17.7% management · 23.6% fundraisingTotal expenses: 107.17% of revenue

2017Expense mix: 70.8% mission · 13.3% management · 16.0% fundraisingTotal expenses: 105.24% of revenue

Money in and money out

Revenue$1,658,839

Expenses$2,111,715

Annual shortfall $452,876 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,488,926 · 70.5% of expenses

Management and office costs$327,918 · 15.5% of expenses

Fundraising$294,871 · 14.0% of expenses

See all reported dollar amounts

Revenue$1,658,839

Expenses$2,111,715

Assets$2,631,282

Income$2,374,156

Contributions$1,863,737

Mission work (program services)$1,488,926

Fundraising$294,871

Grants given$11,893,153

Average grant$32,854

Management and general$327,918

Executive compensation (total)$211,314

Accounting fees$57,713

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SUMUDU WAASEXECUTIVE DIRECTOR & COO · 40 hrs/week $189,581Base $159,412 · Other $30,169

LYNN FISHERSENIOR DIRECTOR OF DEV & EVENT · 40 hrs/week $117,747Base $107,134 · Other $10,613

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (41)

SUMUDU WAASEXECUTIVE DIRECTOR & COO

LYNN FISHERSENIOR DIRECTOR OF DEV & EVENT

RHONDA ELDRIDGEBOARD MEMBER

KARA FRIEDENBERGBOARD MEMBER

KARL COLE-FRIEMANBOARD MEMBER

LANCE ZINMANBOARD MEMBER

LUCINDA HISLOPBOARD MEMBER

MARK SALAMEHBOARD MEMBER

MICHAEL VRANOSBOARD MEMBER

MIKAEL JOHNSONBOARD MEMBER

NATALIE DEAK JAROSTREASURER

PETER NAISMITHBOARD MEMBER

JOSEPH PATELLAROBOARD MEMBER

ROB DAVISFOUNDER & CHAIRMAN EMERITUS

ROB LEONARDBOARD MEMBER

ROBERT MIRSKYBOARD MEMBER

ROBERT SCHULTZVICE PRESIDENT

ROSELLE POLOCONTROLLER

TODD GOLDMANBOARD MEMBER

VANESSA HEMAVATHIBOARD MEMBER

WILLIAM TAGGART JRBOARD MEMBER

GLEN DAILEYVICE PRESIDENT

BARON JACOBBOARD MEMBER

BASIL GODELLASBOARD MEMBER

BETH WIENERBOARD MEMBER

CHRIS ZABACKBOARD MEMBER

DAVID MULLEBOARD MEMBER

DEAN BACKERPRESIDENT

ERIC ROPERBOARD MEMBER

EUGENE TETLOWBOARD MEMBER

GEOFF RUDDICKBOARD MEMBER

ALICE HACKETTBOARD MEMBER

INGRID PIERCEBOARD MEMBER

JACK INGLISBOARD MEMBER

JAY PELLERBOARD MEMBER

JENNIFER COLLINSBOARD MEMBER

JOEL PRESSBOARD MEMBER

JOHN BROADHURSTBOARD MEMBER

JOHN TAVSSBOARD MEMBER

JONATHAN BARRETTBOARD MEMBER

JOSEPH FISHERBOARD MEMBER

About this charity

Recognized since: January 2003
Location: 106 W 32ND STREET 2ND FLOOR, NEW YORK, NY 10001
County: New York
In care of: SUMUDU WAAS
Primary officer: SUMUDU WAAS, EXECUTIVE DIRECTOR/COO

How to reach them

WebsiteVisit the charity’s website Phone(212) 991-9600

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Public Foundations (T30)
IRS tax category: Public Foundations
Grant-giving organization: Yes