Overview
What is Forever Families Inc?
Forever Families Inc, under the leadership of Jean M Stenzel, is a dedicated nonprofit organization that specializes in adoption and foster placement services. They facilitate inquiries about adoption services, aid in application and registration processes for adoption assistance, and conduct pre-placement assessments and home studies for potential adoptive parents. Beyond these primary functions, Forever Families Inc offers preparation and support to families embarking on adoption journeys. Their comprehensive services extend to assisting families throughout their adoption process.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Forever Families Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. The overall score of 64% reflects concerns primarily related to governance and financial accountability, particularly the lack of independent board members which is critical for ensuring unbiased oversight. While the organization has a solid program expense ratio of 81.09%, demonstrating a commitment to its mission, the liabilities to assets ratio of 71.58% raises concerns regarding financial stability.
The organization shows strengths in certain accountability practices, as noted by the presence of a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes. However, the absence of independent board members and missing financial documents on their website, including the tax form, are notable weaknesses. These gaps could impact transparency and community trust.
In summary, while Forever Families Inc is dedicated to its programs, the need for improved governance and financial reporting practices is evident. Prospective donors and supporters might consider these factors when evaluating their involvement with the organization.
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: $259,241
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,373,899
For more financial information, click here
What is the mission statement of Forever Families Inc?
Forever Families Inc, dedicated to adoption and foster placement services, strives to help prospective adoptive parents through various processes. They conduct interviews to explore adoption services, aid in application and registration procedures for assistance, and carry out pre-placement assessments and home studies. The organization offers preparation and support to families embarking on adoption journeys. Furthermore, Forever Families Inc provides assistance to those pursuing adoption, ensuring they are well-equipped throughout the process.
Who is the CEO of Forever Families Inc?
Jean Stenzel is the Capresident of Forever Families Inc.
What is the revenue of Forever Families Inc?
Forever Families Inc's revenue in 2022 was $3,300,009.
Who are the executives of Forever Families Inc and what are their salaries?
The average compensation at Forever Families Inc during 2022 was $40,828. There are 40 employees at Forever Families Inc.
Here are 4 key members and their salaries:
- Compensation: $134,940
- Related: $0
- Other: $0
- Compensation: $120,527
- Related: $0
- Other: $0
- Compensation: $72,097
- Related: $0
- Other: $0
- Compensation: $67,125
- 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, named after its founder Jean M Stenzel, is dedicated to offering adoption and foster placement services. This nonprofit organization plays a significant role in the lives of families seeking to expand their households through adoption. Forever Families Inc conducts thorough interviews to understand the needs of prospective adoptive parents. They assist with the application and registration process for adoption assistance, ensuring that each family meets the necessary requirements.
Beyond application assistance, Forever Families Inc provides pre-placement assessments and home studies. These evaluations are crucial in determining the suitability of potential adoptive parents, ensuring that they can offer a stable and nurturing environment for the child. The organization also offers preparation and support to families throughout the adoption process. This may include guidance on navigating legal procedures or providing emotional and practical assistance as families integrate their new family member.
In addition to direct adoption services, Forever Families Inc also aids families who wish to pursue foster care placements. They conduct assessments and home studies for families interested in fostering, ensuring that they are equipped to provide a safe and supportive environment for children in need. Overall, Forever Families Inc is committed to supporting families throughout the adoption and fostering process, providing them with the resources and guidance they need to create forever homes for children in need.
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Impact
July, 2024
Forever Families Inc's impact is significant in providing adoption and foster placement services to help facilitate the growth of loving families. By conducting interviews, assisting with adoption applications, and offering support to prospective adoptive parents, the organization plays a crucial role in uniting children with caring families. Their mission to provide preparation, assessments, and ongoing support reflects their commitment to ensuring the well-being and happiness of both children and families.
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: $14
- Program Service Revenue: $3,270,262
- Gross Receipts: $3,300,009
Assets and Liabilities:
- Total Assets: $1,717,108
- Total Liabilities: $1,229,145
- Net Assets: $487,963
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADOPTIONFOSTER PROGRAM
Revenue
$3,270,262
Organization Details
Founding Year
1997
Principal Officer
Jean Stenzel
Main Address
17940 FARMINGTON ROAD STE 301, LIVONIA, MI, 48152
NTEE Category
Code: P40 - Human services
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