Overview
What is Anchor Family Services Inc?
Anchor Family Services Inc, a nonprofit organization, plays a crucial role in the lives of vulnerable children. Situated within its operations, it focuses on two primary objectives: facilitating child adoptions and placing foster children into permanent homes. Over the course of its activities, the organization has successfully aided five (5) children in finding their forever families and has provided foster care for a total of 9,419 days. This commitment to children's well-being and stability underscores Anchor Family Services Inc's vital role in providing nurturing and supportive environments for those in need.
Official website here: www.theanchorfamily.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Anchor Family Services Inc has earned a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score is derived entirely from the Accountability & Finance beacon, where the organization scored an impressive 81%. This indicates that the nonprofit effectively manages its resources and demonstrates transparency in its financial practices.
The organization showcases notable strengths, including a fully independent board of directors, with all eight members meeting the criteria for independence. Additionally, it has implemented robust policies related to conflict of interest, whistleblower protections, and document retention, which are all critical for maintaining ethical standards and operational integrity. The program expense ratio of 88.70% further indicates that a significant portion of its funding is directed towards its mission-related activities.
However, while the financial management appears strong, the overall rating is based solely on financial metrics. Potential donors and stakeholders may want to explore other aspects of the organization, such as program effectiveness and community impact, to gain a more comprehensive understanding of Anchor Family Services Inc's work.
This AI summary has been generated from information found on Charity Navigator.
Is Anchor Family Services Inc legitimate?
Anchor Family Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Family Services 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: $82,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,965
For more financial information, click here
Official website here: www.theanchorfamily.com
What is the mission statement of Anchor Family Services Inc?
Anchor Family Services Inc is dedicated to facilitating the placement of foster children in temporary homes and aiding in the adoption process. Their mission is to help five children find permanent families and successfully place foster children for an extended period of 9,419 days. By providing these services, Anchor Family Services Inc contributes to providing children with stable and nurturing environments until they can be reunited with their families or adopted permanently.
Official website here: www.theanchorfamily.com
Who is the CEO of Anchor Family Services Inc?
Amanda Timoteo is the Executive Director of Anchor Family Services Inc.
Official website here: www.theanchorfamily.com
What is the revenue of Anchor Family Services Inc?
Anchor Family Services Inc's revenue in 2022 was $671,421.
Official website here: www.theanchorfamily.com
Who are the executives of Anchor Family Services Inc and what are their salaries?
The average compensation at Anchor Family Services Inc during 2022 was $28,486. There are 7 employees at Anchor Family Services Inc.
Here are 2 key members and their salaries:
- Compensation: $53,760
- Related: $0
- Other: $53,760
- Compensation: $28,680
- Related: $0
- Other: $28,680
Official website here: www.theanchorfamily.com
Where can I find the form 990 for Anchor Family Services Inc?
Anchor Family Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theanchorfamily.com
Learn more at the official website: www.theanchorfamily.com
Mission Statement of Anchor Family Services Inc
Anchor Family Services, a nonprofit organization, is dedicated to supporting foster children and facilitating their adoption into loving homes. Its mission is to help five children find their forever families, providing them with a stable and nurturing environment. Beyond adoptions, Anchor Family Services also successfully places foster children in homes for a total of 9,419 days, ensuring their well-being and continued growth. By offering these services, Anchor Family Services works tirelessly to provide a brighter future for vulnerable children, ultimately contributing to their overall development and happiness.
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Impact
July, 2024
Anchor Family Services Inc has had a significant impact by facilitating child adoptions and placing foster children, ultimately helping five children find their forever families. Additionally, they have successfully placed foster children for a total of 9,419 days, providing stability and care to those in need. Their work in the field of child welfare has made a tangible difference in the lives of children and families in the community.
This information is meant to be a general summary of Anchor Family Services 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.
- Program Service Revenue: $640,213
- Gross Receipts: $671,421
Assets and Liabilities:
- Total Assets: $98,468
- Total Liabilities: $31,704
- Net Assets: $66,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Adoptions
Revenue
$22,018
Foster Family Child Placement
Revenue
$618,195
Organization Details
Founding Year
2016
Phone
(972) 415-8220Principal Officer
Amanda Timoteo
Main Address
2231 Ridge Road Ste 101, Rockwall, TX, 75087
Website
www.theanchorfamily.comNTEE Category
Code: E99 - Health
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