Overview
What is Phased In?
Phased In is a nonprofit organization located in Wichita Falls, Texas, specifically at PO Box 3647. Its primary mission is to support emancipated foster youth, providing them with a transition period towards independent living. The organization offers housing, education, medical care, and life skills training at its Wichita Falls campus, which accommodates 55 male and 6 female residents. Phased In aims to help these young adults develop essential life skills, such as employment literacy and personal education goal setting. The organization is currently expanding with the construction of a Sunrise Campus in Arlington, scheduled to open in 2023, accommodating 10-14 youth upon completion. Phased In's goal is to prepare these young adults for a successful future, mitigating potential issues like homelessness, substance abuse, and teenage pregnancy often faced by emancipated foster youth.
Official website here: www.phasedin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Phased In has received a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial management. The charity scored 77% overall, with the rating being derived solely from its Accountability & Finance score. This score signifies the organization's commitment to transparency and effective use of resources, with 100% of board members being independent and no material diversion of assets reported.
The organization has demonstrated strong practices in financial governance, achieving high marks in several key areas. Notably, it has a robust program expense ratio of 85.09%, indicating that a significant portion of its spending directly supports its mission. Additionally, the presence of a whistleblower policy and proper documentation of board meeting minutes further enhances its credibility and operational integrity.
While Phased In shows strengths in financial accountability, it is essential for potential donors and stakeholders to consider the overall impact and effectiveness of its programs. The rating reflects solid financial practices, but additional context regarding program outcomes and community engagement would provide a more comprehensive view of the charity's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Phased In legitimate?
Phased In is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phased In 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:
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Other Salaries and Wages: $150,585
For more financial information, click here
Official website here: www.phasedin.org
What is the mission statement of Phased In?
Phased In is a transitional living program aimed at assisting emancipated foster youth. Its mission is to help these young adults acquire essential life skills, preparing them for independent living. The program provides housing, education, medical care, and life skills training. The goal is to prevent homelessness, substance abuse, and other challenges commonly faced by these young adults. Phased In aims to support their residents in finding employment and setting personal educational goals for the future. The program currently operates in Wichita Falls, housing 55 male and 6 female residents, with plans to expand to a new campus in Arlington in 2023.
Official website here: www.phasedin.org
Who is the CEO of Phased In?
Cindy Wright is the President of Phased In.
Official website here: www.phasedin.org
What is the revenue of Phased In?
Phased In's revenue in 2022 was $919,728.
Official website here: www.phasedin.org
Who are the executives of Phased In and what are their salaries?
The average compensation at Phased In during 2022 was $37,646. There are 4 employees and 55 volunteers at Phased In.
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Official website here: www.phasedin.org
Where can I find the form 990 for Phased In?
Phased In's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phasedin.org
Learn more at the official website: www.phasedin.org
Mission Statement of Phased In
Phased In, a transitional living program, aims to aid emancipated foster youth in their journey towards independent living. The primary objective of Phased In is to equip these young adults with fundamental life skills. The program offers housing, education, medical care, and life skills training to help these individuals transition smoothly into adulthood. With approximately 1,500 youth leaving the foster care system in Texas alone each year, Phased In plays a crucial role in preventing homelessness, substance abuse, and other challenges often faced by these young people. The Wichita Falls campus of Phased In currently houses 55 male and six female residents, while the Sunrise campus in Arlington is under construction and set to open in 2023, accommodating 10-14 youth upon completion. During 2022, Phased In successfully assisted each resident in securing employment and exploring their future education goals.
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Impact
July, 2024
Phased In's impact can be seen in the lives of emancipated foster youth who have transitioned through its program. By providing housing, education, medical care, and life skills training, Phased In equips these young adults with the necessary tools to thrive independently. In a state where 1,500 youth age out of the foster care system each year, Phased In plays a crucial role in helping prevent homelessness, substance abuse, and other challenges that often plague this vulnerable population. Additionally, the organization's focus on assisting each resident in finding employment and setting personal education goals demonstrates a commitment to empowering these individuals to build successful futures. Through its facilities and programs, Phased In is making a tangible difference in the lives of those who have aged out of foster care.
This information is meant to be a general summary of Phased In. 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: $223
- Gross Receipts: $942,429
Assets and Liabilities:
- Total Assets: $1,523,818
- Total Liabilities: $701,039
- Net Assets: $822,779
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Organization Details
Founding Year
2013
Principal Officer
Cindy Wright
Main Address
PO BOX 3647, WICHITA FALLS, TX, 76301
Website
www.phasedin.orgNTEE Category
Code: L40 - Housing
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