Overview
What is Family Resource Center Association?
Family Resource Center Association, based in Denver, Colorado, is a dedicated nonprofit organization committed to strengthening families. They achieve this through collaboration and partnerships. At the heart of their work is the Colorado Family Support Assessment 2.0, a tool used to enhance their comprehensive family support services. The data collected through this evaluation has demonstrated significant improvements in various areas such as income, debt management, employment, housing, food security, child care, child education, mental and physical health, health coverage, and transportation. The association's mission and activity description both emphasize their focus on family strengthening, underscoring their dedication to making a positive impact on the lives of the families they serve. With a workforce of 14 individuals, Family Resource Center Association continues to strive for improved efficacy and impact in their services.
Official website here: www.cofamilycenters.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Family Resource Center Association has received a solid Three-Star rating from Charity Navigator, reflecting its overall accountability and financial health. With an impressive 100% of its board members being independent, as well as strong scores in audit practices and conflict of interest policies, the organization demonstrates a commitment to transparency and governance.
Financially, the organization excels with a high program expense ratio of 80%, indicating that a significant portion of its budget is directed towards its mission-related activities. Additionally, the fundraising efficiency ratio of $0.11 shows that it raises funds effectively, keeping costs low. However, the liabilities to assets ratio at just under 50% and a working capital ratio of 0.14 years suggest that there are some financial sustainability concerns that may need to be addressed.
Overall, while the Family Resource Center Association shows strengths in governance and program spending, it may benefit from focusing on improving its financial stability metrics to enhance long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Family Resource Center Association legitimate?
Family Resource Center Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Resource Center Association 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: $120,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $634,542
For more financial information, click here
Official website here: www.cofamilycenters.org
What is the mission statement of Family Resource Center Association?
The Family Resource Center Association's mission is centered around strengthening families through partnership and collaboration. This mission is achieved by utilizing the Colorado Family Support Assessment 2.0, which is at the core of their work with member centers and their constituent families. The objective is to improve their comprehensive model of family support services, using the gathered information to enhance the efficiency and impact of their centers and the families they serve. The 2021-2022 evaluation report confirms the effectiveness of the strategies, tools, and processes implemented, showcasing statistically significant improvements in various areas such as income, debt management, employment, mental and physical health, and more.
Official website here: www.cofamilycenters.org
Who is the CEO of Family Resource Center Association?
Teri Haymond is the Executive Di of Family Resource Center Association.
Official website here: www.cofamilycenters.org
What is the revenue of Family Resource Center Association?
Family Resource Center Association's revenue in 2022 was $1,472,170.
Official website here: www.cofamilycenters.org
Who are the executives of Family Resource Center Association and what are their salaries?
The average compensation at Family Resource Center Association during 2022 was $53,931. There are 14 employees at Family Resource Center Association.
Here are 14 key members and their salaries:
- Compensation: $107,960
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- Other: $18,724
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Official website here: www.cofamilycenters.org
Where can I find the form 990 for Family Resource Center Association?
Family Resource Center Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cofamilycenters.org
Learn more at the official website: www.cofamilycenters.org
Mission Statement of Family Resource Center Association
The Family Resource Center Association (FRCA) is committed to strengthening families through partnership and collaboration. This mission is at the heart of their work with member centers and the families they serve. The organization utilizes the Colorado Family Support Assessment 2.0 (CFSA 2.0) as a tool to evaluate and improve their comprehensive model of family support services. The CFSA 2.0 aids FRCA in enhancing the effectiveness and impact of their centers, leading to significant improvements in various areas for the families they serve. These areas include income, cash savings, debt management, housing, employment, food security, child care, child education, mental and physical health, health coverage, and transportation. The 2021-2022 evaluation report confirms the effectiveness of the strategies, tools, and processes implemented by FRCA, demonstrating their dedication to improving the lives of the families they support.
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Impact
October, 2024
The Family Resource Center Association (FRCA) has made a significant impact by strengthening families across Colorado through a collaborative approach. Central to this impact is the Colorado Family Support Assessment 2.0, which is integral to evaluating and enhancing family support services. This evaluation process aids in refining strategies and tools, ultimately ensuring that the services provided are effective and aligned with the needs of families.
The findings from the 2021-2022 evaluation report demonstrate substantial progress in several key areas essential for family stability and growth. Statistically significant improvements were observed in income levels, cash savings, debt management, and housing stability. Additionally, families reported enhanced food security, better childcare options, increased educational opportunities for children, and improvements in mental and physical health. Furthermore, access to health coverage and transportation also saw notable enhancements.
Overall, the FRCA's commitment to using data to guide their approaches has not only improved the efficacy of their centers but also empowered families to achieve better outcomes in various aspects of their lives. The combination of partnership, collaboration, and evidence-based evaluation highlights the critical role FRCA plays in fostering resilient families within the community.
This information is meant to be a general summary of Family Resource Center Association. 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: $17
- Program Service Revenue: $267,441
- Gross Receipts: $1,491,816
Assets and Liabilities:
- Total Assets: $311,782
- Total Liabilities: $68,315
- Net Assets: $243,467
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$216,758
PROGRAM FEES
Revenue
$45,038
TRAINING REVENUE
Revenue
$5,645
Organization Details
Founding Year
1998
Phone
(303) 388-1001Principal Officer
Teri Haymond
Main Address
2543 CALIFORNIA STREET, DENVER, CO, 80205
Website
www.cofamilycenters.orgNTEE Category
Code: P20 - Human services
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