Overview
What is Specialized Alternatives For Families & Youth Of Kentucky Inc?
Specialized Alternatives For Families & Youth Of Kentucky Inc, commonly known as SAFY of Kentucky, is a dedicated nonprofit organization based in Lexington, Kentucky. Their primary mission is to provide therapeutic and treatment foster care to children who have experienced trauma and have been removed from their families through court action. SAFY accomplishes this by recruiting and training foster families to create safe and stable environments for these children, addressing their emotional and behavioral needs. The ultimate objective of SAFY is to assist these children in achieving permanency. Their overarching goal is to foster thriving families and communities where everyone, regardless of background or circumstances, can reach their full potential. They currently employ 119 individuals to carry out this mission.
Official website here: www.safy.org
What are the reviews and ratings of this charity?
Specialized Alternatives For Families & Youth Of Kentucky Inc holds a Three-Star out of Four Star rating from Charity Navigator, with an overall score of 80%. This suggests that the nonprofit is performing well above average but may have some areas for improvement. The organization's high score in Accountability & Finance (81) indicates strong management and financial health, as evidenced by its independent board and comprehensive policy environment.
The nonprofit excels in financial stewardship, reflected in its 85.20% program expense ratio, and its sound governance is demonstrated by perfect scores in areas like conflict of interest and document retention. However, the liabilities to assets ratio scored notably low at 0, suggesting potential financial risks that should be addressed. Additionally, while the organization effectively maintains core financial practices, its online transparency lacks as it does not post tax forms on its website.
The Culture & Community score stands at a moderate 73, indicating room for growth in equity strategies despite beginning efforts in this area. The organization collaborates commendably across various departments, but greater focus on implementing more equity practices could enhance this score. There's an absence of user reviews on GreatNonprofits, so community feedback on personal experiences with the nonprofit is unavailable.
This AI summary has been generated from information found on Charity Navigator.
Is Specialized Alternatives For Families & Youth Of Kentucky Inc legitimate?
Specialized Alternatives For Families & Youth Of Kentucky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Specialized Alternatives For Families & Youth Of Kentucky Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $153,621
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,192,685
For more financial information, click here
Official website here: www.safy.org
What is the mission statement of Specialized Alternatives For Families & Youth Of Kentucky Inc?
Specialized Alternatives For Families & Youth Of Kentucky Inc, often referred to as SAFY, has a mission to establish thriving families and communities where each individual has the opportunity to realize their full potential, regardless of their background or circumstances. At SAFY, they envision a society where every individual can flourish. The organization provides therapeutic/treatment foster care to children who have experienced trauma and have been removed from their families through court action. SAFY recruits and trains foster families to create safe and stable environments while addressing the emotional and behavioral needs of the children, aiming to bring about positive changes in their lives. Ultimately, SAFY's objective is to help children achieve permanency.
Official website here: www.safy.org
Who is the CEO of Specialized Alternatives For Families & Youth Of Kentucky Inc?
William Matt is the President & Ceo of Specialized Alternatives For Families & Youth Of Kentucky Inc. The CEO's salary of Specialized Alternatives For Families & Youth Of Kentucky Inc is $0 and their total compensation is $366,149.
Official website here: www.safy.org
What is the revenue of Specialized Alternatives For Families & Youth Of Kentucky Inc?
Specialized Alternatives For Families & Youth Of Kentucky Inc's revenue in 2022 was $11,597,703.
Official website here: www.safy.org
Who are the executives of Specialized Alternatives For Families & Youth Of Kentucky Inc and what are their salaries?
The average compensation at Specialized Alternatives For Families & Youth Of Kentucky Inc during 2022 was $28,120. There are 119 employees and 8 volunteers at Specialized Alternatives For Families & Youth Of Kentucky Inc.
Here are 14 key members and their salaries (Specialized Alternatives For Families & Youth Of Kentucky Inc's CEO's salary is $0 and their total compensation is $366,149):
- Compensation: $0
- Related: $316,852
- Other: $49,297
- Compensation: $0
- Related: $215,046
- Other: $42,164
- Compensation: $0
- Related: $165,462
- Other: $6,503
- Compensation: $0
- Related: $150,178
- Other: $6,622
- Compensation: $130,072
- Related: $0
- Other: $23,549
- Compensation: $0
- Related: $112,470
- Other: $5,271
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.safy.org
Where can I find the form 990 for Specialized Alternatives For Families & Youth Of Kentucky Inc?
Specialized Alternatives For Families & Youth Of Kentucky Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.safy.org
Learn more at the official website: www.safy.org
Mission Statement of Specialized Alternatives For Families & Youth Of Kentucky Inc
Specialized Alternatives For Families & Youth Of Kentucky Inc, in its mission, aims to establish thriving families and communities where every individual can reach their full potential, regardless of their background or circumstances. At the heart of this nonprofit organization's vision is the belief that every individual deserves an opportunity to prosper.
To realize this vision, Specialized Alternatives For Families & Youth Of Kentucky Inc provides therapeutic and treatment foster care to children who have experienced trauma and have been removed from their families due to court action. The organization recruits and trains foster families to create safe and stable environments for these children, addressing their emotional and behavioral needs while making positive changes in their lives. The ultimate goal is to assist these children in achieving permanency.
In essence, Specialized Alternatives For Families & Youth Of Kentucky Inc serves as a beacon of hope, providing a nurturing and supportive environment for children who have been affected by trauma. By empowering foster families with the necessary tools and resources, the organization strives to ensure that every child has an opportunity to reach their full potential, thus contributing to the creation of thriving families and communities.
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Impact
October, 2024
Specialized Alternatives For Families & Youth of Kentucky Inc (SAFY) profoundly impacts children who have experienced trauma by providing therapeutic foster care. By recruiting and training foster families, SAFY ensures that these vulnerable children find safe and stable environments tailored to their emotional and behavioral needs. The approach not only supports individual healing but also fosters growth, enabling children to achieve permanence in their lives.
SAFY's commitment to creating thriving families and communities addresses the foundational issues that lead to trauma, guiding every child toward realizing their full potential. Their holistic approach emphasizes positive change, ensuring that each child receives the support necessary to navigate their challenges effectively. In Lexington and beyond, SAFY plays a crucial role in transforming lives, ultimately aiming for a future where every child can thrive, irrespective of their background or circumstances.
This information is meant to be a general summary of Specialized Alternatives For Families & Youth Of Kentucky Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $409
- Program Service Revenue: $11,421,704
- Gross Receipts: $11,597,703
Assets and Liabilities:
- Total Assets: $1,380,604
- Total Liabilities: $1,266,283
- Net Assets: $114,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOSTER CARE
Revenue
$8,355,387
EMPOWERING FAMILIES
Revenue
$1,487,111
INDEPENDENT LIVING
Revenue
$1,248,443
MENTAL HEALTH
Revenue
$225,437
HOME STUDY SERVICES
Revenue
$57,951
Organization Details
Founding Year
2008
Phone
(859) 971-2585Principal Officer
William Matt
Main Address
861 CORPORATE DRIVE 101, LEXINGTON, KY, 40503
Website
www.safy.orgNTEE Category
Code: P32 - Human services
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