Overview
What is Foundation 2 Inc?
Foundation 2 Inc, a Cedar Rapids, Iowa-based nonprofit organization, provides a safe haven and support for youth in crisis. Established in 1970, the agency has grown into a trusted resource for individuals experiencing homelessness, family conflict, or human trafficking. Their primary offering is an emergency youth shelter with 17 beds, which offers safety, counseling, and assistance to young people between the ages of 11 and 17. In addition, Foundation 2 provides in-home supportive services as an alternative to out-of-home placement. Their mission is to help build stronger and healthier families and safer communities by offering counseling, safety, and support during difficult times. In fiscal year 2023, Foundation 2 provided shelter to 125 youth, totaling 3,654 shelter nights, and 84% of these young people returned home or to a safe destination after leaving their care. The organization, with a workforce of 221, is dedicated to positive youth development, suicide prevention, and crisis prevention and intervention programs for people of all ages.
Official website here: www.foundation2.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Foundation 2 Inc has achieved a perfect score of 100% on Charity Navigator, reflecting exceptional performance in accountability and finance. This high rating signifies the organization's strong commitment to transparency and responsible financial management, with an emphasis on having an independent board and rigorous oversight mechanisms in place.
Strengths of Foundation 2 Inc include a fully independent board and effective governance practices, as evidenced by their perfect scores in various categories, including conflict of interest and whistleblower policies. Their financial health is also commendable, with a low liabilities-to-assets ratio and a significant portion of expenses dedicated to programs, indicating that the majority of their funds are directed towards mission-driven activities.
While the organization excels in many areas, there are no significant limitations noted in the data, suggesting that Foundation 2 Inc operates at a high standard in terms of financial accountability and governance. Overall, the charity's performance positions it as a trustworthy and effective nonprofit within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation 2 Inc legitimate?
Foundation 2 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation 2 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: $568,822
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,623,036
For more financial information, click here
Official website here: www.foundation2.org
What is the mission statement of Foundation 2 Inc?
Foundation 2 Inc is a non-profit human service agency dedicated to providing crisis prevention and intervention programs for individuals of all ages. The organization's grassroots origins stem from a group of volunteers in the 1970s who recognized the need to address mental and emotional health issues that were not being addressed by mainstream providers. Today, Foundation 2 Inc remains committed to building stronger and healthier families and safer communities by offering counseling, safety, and support during difficult times. Their mission is to act as a trusted and compassionate resource for people in crisis. They are deeply involved in positive youth development and suicide prevention efforts, aiming to help individuals navigate through challenging situations. Established over five decades ago, the agency continues to reflect the spirit of helping others in need that initiated its founding.
Official website here: www.foundation2.org
Who is the CEO of Foundation 2 Inc?
Emily Blomme is the Chief Exec. of Foundation 2 Inc.
Official website here: www.foundation2.org
What is the revenue of Foundation 2 Inc?
Foundation 2 Inc's revenue in 2023 was $12,657,777.
Official website here: www.foundation2.org
Who are the executives of Foundation 2 Inc and what are their salaries?
The average compensation at Foundation 2 Inc during 2023 was $23,493. There are 221 employees and 60 volunteers at Foundation 2 Inc.
Here are 20 key members and their salaries:
- Compensation: $160,592
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- Other: $11,295
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- Other: $2,369
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- Other: $8,683
- Compensation: $102,863
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- Other: $3,399
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Official website here: www.foundation2.org
Where can I find the form 990 for Foundation 2 Inc?
Foundation 2 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundation2.org
Learn more at the official website: www.foundation2.org
Mission Statement of Foundation 2 Inc
Foundation 2 Inc, a not-for-profit human service agency, is dedicated to being a trusted and compassionate resource for individuals in crisis. Established in 1970, the organization was founded by a group of college and high school volunteers in Cedar Rapids who recognized the need to address critical mental and emotional health issues that were not being addressed by mainstream providers.
Today, Foundation 2 Inc continues to uphold its mission of supporting people of all ages through crisis prevention and intervention programs. The agency places a strong emphasis on positive youth development and suicide prevention, and strives to build the foundation for stronger and healthier families and safer communities. By offering counseling, safety, and support during difficult times, Foundation 2 Inc aims to make a significant impact on the lives of those in need.
Foundation 2 Inc's grassroots spirit of helping others is still at the heart of its mission. The agency's compassionate team works tirelessly to provide essential services, allowing individuals to navigate through their challenges and ultimately rebuild their lives. Through its commitment to positive youth development, suicide prevention, and crisis intervention programs, Foundation 2 Inc continues to be a valuable resource for communities across the country.
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Impact
October, 2024
Foundation 2 Inc plays a vital role in providing essential support and resources for individuals in crisis, particularly youth facing severe challenges such as homelessness, family conflict, and human trafficking. Its emergency youth shelter, licensed for 17 beds, offers immediate safety and care for young people aged 11 to 17. In fiscal year 2023 alone, the organization facilitated 125 admissions, totaling 3,654 nights of shelter to those in need.
The impact of Foundation 2 is multifaceted. Not only does it provide a safe haven, but it also offers counseling services tailored for both runaway and homeless youth, as well as in-home supportive services aimed at fostering stability. A notable statistic illustrating the effectiveness of their program is that 84% of youth who utilized the shelter returned home or relocated to another safe environment.
Founded in 1970 by volunteers who recognized the unmet mental and emotional health needs of their community, Foundation 2 Inc continues to uphold a mission centered on trust, compassion, and healing. It actively contributes to positive youth development, suicide prevention, and the strengthening of families, ultimately fostering safer communities across Cedar Rapids and beyond. Additionally, the organization demonstrates a commitment to addressing critical issues through tailored counseling and intervention programs, ensuring that support is accessible to all ages.
This information is meant to be a general summary of Foundation 2 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: $74,701
- Program Service Revenue: $8,538,837
- Gross Receipts: $12,665,513
Assets and Liabilities:
- Total Assets: $9,236,818
- Total Liabilities: $405,787
- Net Assets: $8,831,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE
Revenue
$5,914,355
CONTRACTS
Revenue
$2,624,482
Organization Details
Founding Year
1970
Phone
(319) 362-1170Principal Officer
Emily Blomme
Main Address
1714 JOHNSON AVE NW, CEDAR RAPIDS, IA, 52405
Website
www.foundation2.orgNTEE Category
Code: F40 - Mental health
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