Overview
What is Passage Of Youth Family Center Inc?
Passage Of Youth Family Center Inc is a community-focused, nonprofit organization located unspecified. Their mission is to establish a secure and nurturing environment, promoting a healthy transition from youth to adulthood. They prioritize their foster parents, offering top-notch support to ensure the best possible care for the children under their responsibility. Their goal is to create an organization that addresses the need for such an environment, aiming to enhance the well-being and development of these young individuals.
Official website here: www.passageofyouth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Passage Of Youth Family Center Inc has received an 85% rating, which reflects a solid performance in its accountability and finance metrics. This score is based entirely on the Accountability & Finance beacon, indicating that the organization maintains a strong focus on its financial practices and governance. The center successfully meets all criteria for board independence, financial audits, and policy disclosures, suggesting a commitment to transparency and responsible management.
Strengths highlighted include the presence of a majority independent board, a robust program expense ratio of 91.33%, and comprehensive financial statements backed by audits. These factors indicate that the organization effectively allocates resources toward its programs and services rather than administrative costs. Additionally, the organization has established thorough policies, such as those related to conflict of interest and whistleblower protections, which further strengthen its governance framework.
However, the organization's liabilities to assets ratio stands at 64.34%, which may signal potential financial risks that could affect stability. While the center shows effective financial management, it is essential for stakeholders to keep an eye on this ratio and how it evolves in future fiscal years. Overall, Passage Of Youth Family Center Inc demonstrates a strong commitment to accountability, but continued attention to financial health will be crucial for its sustained success.
This AI summary has been generated from information found on Charity Navigator.
Is Passage Of Youth Family Center Inc legitimate?
Passage Of Youth Family Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Passage Of Youth Family Center 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: $73,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,303
For more financial information, click here
Official website here: www.passageofyouth.org
What is the mission statement of Passage Of Youth Family Center Inc?
The Passage Of Youth Family Center Inc's mission is to establish a community-based non-profit organization, aiming to provide a secure, caring, and nurturing environment. This environment is designed to facilitate a smooth transition from youth to adulthood. Additionally, the center is committed to offering high-quality support to its foster parents, ensuring optimal services for the children under their care. The goal is to create an environment that fosters growth and development, ensuring the best possible outcomes for these children.
Official website here: www.passageofyouth.org
What is the revenue of Passage Of Youth Family Center Inc?
Passage Of Youth Family Center Inc's revenue in 2023 was $1,195,565.
Official website here: www.passageofyouth.org
Who are the executives of Passage Of Youth Family Center Inc and what are their salaries?
The average compensation at Passage Of Youth Family Center Inc during 2023 was $29,923. There are 9 employees at Passage Of Youth Family Center Inc.
Here are 5 key members and their salaries:
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Official website here: www.passageofyouth.org
Where can I find the form 990 for Passage Of Youth Family Center Inc?
Passage Of Youth Family Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.passageofyouth.org
Learn more at the official website: www.passageofyouth.org
Mission Statement of Passage Of Youth Family Center Inc
Passage of Youth Family Center Inc is committed to establishing a community-based non-profit organization with a primary goal of addressing the need for a safe and nurturing environment to facilitate a healthy transition from youth to adulthood. This organization is dedicated to providing optimal services for children in its care by offering quality support to foster parents. In essence, Passage of Youth Family Center Inc seeks to create an environment where young individuals can grow and develop, while ensuring that foster parents are equipped to provide the best possible care. The organization's mission is to foster a sense of security and growth for young people as they navigate the journey from youth to adulthood, all while providing the necessary support to foster parents to ensure the well-being of the children in their care.
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Impact
October, 2024
Passage Of Youth Family Center Inc significantly impacts the community by providing a safe and nurturing environment that facilitates a healthy transition from youth to adulthood. By focusing on the well-being of young individuals, the organization helps to ensure that they receive the support and care necessary for their development.
The center's commitment to delivering quality services extends to foster parents, empowering them with the resources and support they need to effectively care for children. This dual focus on both youth and foster families strengthens the overall network of care, creating a more stable and supportive environment for vulnerable children.
Located in Dallas, TX, Passage Of Youth Family Center Inc actively addresses the critical needs of the community, ensuring that these young individuals can thrive during a crucial phase of their lives. The organization's mission fosters resilience and hope, equipping young people with the tools they need to succeed as they transition into adulthood.
This information is meant to be a general summary of Passage Of Youth Family Center 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 2023.
- Investment Income: $8,455
- Program Service Revenue: $1,186,526
- Gross Receipts: $1,195,565
Assets and Liabilities:
- Total Assets: $1,755,140
- Total Liabilities: $985,338
- Net Assets: $769,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Foster Care Placement
Revenue
$1,186,526
Organization Details
Founding Year
2005
Principal Officer
Terrance Perkins
Website
www.passageofyouth.orgNTEE Category
Code: P40 - Human services
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