Overview
What is Forever Families Inc?
Forever Families Inc, located in Fresno, Texas, is a dedicated nonprofit organization. Their primary focus lies in providing foster care and adoption services for children of all ages. Through their foster care program, they offer a nurturing environment for children in need, while their adoption services aim to provide these children with permanent, loving homes. The organization is committed to supporting families throughout this process, ensuring a smooth transition for both the children and their new families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Forever Families Inc received a 67% score from Charity Navigator, indicating a Two-Star rating. This score reflects a moderate performance in terms of accountability and finance. The organization has a fully independent board, which is a positive aspect, but it has significant deficiencies in transparency, such as missing financial statements and important governance policies.
One of the strengths of Forever Families Inc is its high program expense ratio of 92.53%, suggesting that a substantial portion of its funds is directed toward its programs rather than administrative costs. Additionally, the organization has no material diversion of assets, which indicates sound financial management in that regard. However, the lack of essential documents like conflict of interest and whistleblower policies raises concerns about governance practices.
The absence of financial statements and the failure to provide tax forms on its website are notable limitations that detract from the organization's overall accountability. For potential donors and stakeholders, these gaps may impact their trust and willingness to engage with Forever Families Inc. Addressing these issues could enhance the organization's credibility and financial transparency in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Forever Families Inc legitimate?
Forever Families Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forever Families 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,265,541
For more financial information, click here
What is the mission statement of Forever Families Inc?
Forever Families Inc is committed to providing foster care and adoption services for children of all ages. Their mission is centered around this objective, aiming to offer support and new homes to these children in need. The organization's activities are geared towards facilitating foster care and adoption, ensuring the well-being and future of these children. They strive to match children with suitable families, providing a nurturing environment for their growth and development. Furthermore, Forever Families Inc may also offer resources and guidance to families undergoing the adoption process, offering them the necessary support during this significant journey.
Who is the CEO of Forever Families Inc?
Sophia Davis Fields is the Ceo of Forever Families Inc. The CEO's salary of Forever Families Inc is $0 and their total compensation is $0.
What is the revenue of Forever Families Inc?
Forever Families Inc's revenue in 2022 was $1,819,007.
Who are the executives of Forever Families Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Forever Families Inc?
Forever Families Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forever Families Inc
Forever Families Inc is dedicated to providing foster care and adoptive services for children of all ages. Their mission is centered around offering support and a new home to these children, ensuring they have the opportunity to grow and thrive in a nurturing environment. The organization's primary goal is to facilitate the placement of children in forever families, where they can develop strong bonds and establish a sense of belonging. Through their services, Forever Families Inc strives to provide the children with the care, love, and stability they need, ultimately working towards their overall well-being and happiness.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Forever Families Inc has a significant impact on the lives of children in need of care and stability, particularly in the Fresno, TX area. By providing foster care and adoptive services for children of all ages, the organization facilitates safe and loving environments where these children can thrive. Their mission is centered on ensuring that every child has the opportunity to find a permanent and nurturing home, addressing the critical shortage of foster placements.
Through their dedicated efforts, Forever Families Inc plays a vital role in supporting families and children during challenging times. They help to improve the overall well-being of children by connecting them with compassionate foster families and guiding adoptive parents through the complexities of the adoption process. This not only impacts the immediate lives of these children but also strengthens the community by promoting family stability and resilience. The organization’s work exemplifies a commitment to human services that positively transforms children’s futures.
This information is meant to be a general summary of Forever Families 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: $131,697
- Program Service Revenue: $1,687,310
- Gross Receipts: $1,819,007
Assets and Liabilities:
- Total Assets: $579,471
- Total Liabilities: $132,746
- Net Assets: $446,725
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADOPTIVE SERVICEs
Revenue
$1,687,310
Organization Details
Founding Year
2010
Principal Officer
Sophia Davis Fields
Main Address
12125 HWY 6 STE A, Fresno, TX, 77545
NTEE Category
Code: P32 - Human services
If you are a representative of Forever Families Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.