Overview
What is Friends Association For Children?
Friends Association For Children is a nonprofit organization situated in Richmond, Virginia, at 1004 St. John Street. Their primary focus is on supporting the academic, social, and emotional development of children as they embark on their educational journey. This encompasses providing essential services and programs to help children thrive. Furthermore, they offer assistance to parents and families through their social work staff, aiding them in accessing community resources and navigating the complex social services system in Richmond. The mission of Friends Association For Children is to empower children and their families in the Richmond area, enabling them to achieve their potential and become productive citizens. With a devoted workforce of 55 individuals, this organization is committed to fostering growth and success in the local community.
Official website here: www.friendsassn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star Rating)
Friends Association For Children has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and financial management. The organization boasts a 93% score in Accountability & Finance, highlighting its commitment to transparency and responsible stewardship of funds. Notably, it has a fully independent board with effective governance practices, including comprehensive policies on conflicts of interest and whistleblower protections.
The organization excels in its operational efficiency, with a program expense ratio of 77.70%, indicating that a significant portion of its funds is directed towards its programs. Additionally, its fundraising efficiency is commendable at $0.08, meaning it raises a substantial amount of funding relative to its costs. With a working capital ratio of 1.68 years, Friends Association For Children is positioned well for sustainability and long-term impact.
In terms of culture and community engagement, the organization scores a perfect 100%, reflecting its dedication to collecting and utilizing feedback effectively. While specific challenges were not detailed in the feedback, the overall ratings suggest a robust organization with effective practices and strong community ties.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Association For Children legitimate?
Friends Association For Children is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Association For Children 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: $106,075
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,481,031
For more financial information, click here
Official website here: www.friendsassn.org
What is the mission statement of Friends Association For Children?
The Friends Association For Children aims to assist children and their families in reaching their full potential and becoming productive members of society. They accomplish this through their mission in the Richmond area, providing early childhood programs and services. These programs help nurture the academic, social, and emotional development of the children, supporting them as they embark on their educational journey. Furthermore, the association supports parents and families by offering social workers who help them access community resources and navigate the complex social services system.
Official website here: www.friendsassn.org
Who is the CEO of Friends Association For Children?
David Young is the President of Friends Association For Children.
Official website here: www.friendsassn.org
What is the revenue of Friends Association For Children?
Friends Association For Children's revenue in 2023 was $2,410,641.
Official website here: www.friendsassn.org
Who are the executives of Friends Association For Children and what are their salaries?
The average compensation at Friends Association For Children during 2023 was $28,856. There are 55 employees at Friends Association For Children.
Here are 13 key members and their salaries:
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- Compensation: $116,075
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- Other: $3,482
Official website here: www.friendsassn.org
Where can I find the form 990 for Friends Association For Children?
Friends Association For Children's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.friendsassn.org
Learn more at the official website: www.friendsassn.org
Mission Statement of Friends Association For Children
Friends Association For Children, a nonprofit organization, is dedicated to assisting children and their families in achieving their potential and becoming productive citizens. Their mission is specifically tailored to support children in the Richmond area, helping them flourish academically, socially, and emotionally as they embark on their educational journey. The organization goes beyond just aiding the children; it also extends its support to their families. This is accomplished through the efforts of their staff social workers, who assist families in accessing available community resources and navigating the complex social services system in Richmond.
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Impact
July, 2024
Friends Association For Children's impact is evident in the transformation of the lives of children and families in Richmond, VA. Through their early childhood programs and services, they empower children to excel academically, socially, and emotionally as they embark on their educational journey. Additionally, they provide vital support to parents and families, helping them access community resources and navigate complex social services systems. By fulfilling their mission to help children and families achieve their potential and become productive citizens, Friends Association For Children is making a significant difference in the community.
This information is meant to be a general summary of Friends Association For Children. 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: $31,412
- Program Service Revenue: $1,106,229
- Gross Receipts: $2,410,641
Assets and Liabilities:
- Total Assets: $4,088,679
- Total Liabilities: $292,218
- Net Assets: $3,796,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,106,229
Organization Details
Founding Year
1871
Phone
(804) 644-2357Principal Officer
David Young
Main Address
1004 ST JOHN STREET, RICHMOND, VA, 23220
Website
www.friendsassn.orgNTEE Category
Code: P33Z - Human services
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