Family Annex Inc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 05/1998
- Data as of
- 08/2022
- EIN
- 13-3083081
Organization Overview
Family Annex Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 08/2022, Family Annex Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Annex Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Family Annex Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.0m during the year ending 08/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES EDUCATIONAL AND CHILDCARE SERVICES TO CHILDREN FROM AGES 2-5
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Sobel Co-Director | Trustee | 40 | $86,000 |
Nancy Drescher Executive Director | Trustee | 40 | $71,883 |
David Declerq Board Chair | OfficerTrustee | 1 | $0 |
Hunie Kwon Treasurer | Officer | 1 | $0 |
Valerie Crosswhite Secretary | Officer | 1 | $0 |
Ben Eisler Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,716 |
| Related organizations | $0 |
| Government grants | $106,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,616 |
| Total Program Service Revenue | $1,009,761 |
| Investment income | $13,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,187 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,218,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,883 |
| Compensation of current officers, directors, key employees. | $15,788 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,929 |
| Payroll taxes | $66,164 |
| Fees for services: Management | $2,445 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,317 |
| Fees for services: Other | $0 |
| Advertising and promotion | $264 |
| Office expenses | $8,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,604 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,115 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,650 |
| Insurance | $34,137 |
| All other expenses | $0 |
| Total functional expenses | $1,018,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,109 |
| Savings and temporary cash investments | $64,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,984 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,545 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $854,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,097,478 |
| Accounts payable and accrued expenses | $5,981 |
| Grants payable | $0 |
| Deferred revenue | $135,072 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,575 |
| Total liabilities | $144,628 |
| Net assets without donor restrictions | $952,850 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,097,478 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Annex Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
West Harlem Development Corporation New York, NY PURPOSE: TO CREATE AN INCLUSIVE AND DIVERSE COMMUNITY THAT FOSTERS A NURTURING AND COLLABORATIVE ENVIRONMENT, CELEBRATES INDIVIDUALITY, AND PROMOTES SELF-CONFIDENCE, INDEPENDENCE, AND CREATIVITY. | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Folium Inc Chambersburg, PA | $14,596,128 | $25,665,038 |
Childrens Home Society Of New Jersey Trenton, NJ | $28,155,049 | $20,262,736 |
Kidspeace National Centers Of New England Inc Schnecksville, PA | $8,095,792 | $17,415,455 |
Glade Run Lutheran Services Zelienople, PA | $21,485,786 | $18,765,476 |
Friendship House Scranton, PA | $19,332,908 | $21,173,767 |
Williamsburg Infant And Early Childhood Development Center Inc Brooklyn, NY | $10,947,816 | $17,829,404 |
Community Counseling And Mediation Service Inc Brooklyn, NY | $22,401,444 | $19,970,012 |
Kidspeace National Centers Of North America Inc Schnecksville, PA | $6,013,176 | $16,966,770 |
Nia Community Services Network Inc Brooklyn, NY | $7,654,116 | $16,388,426 |
Girls Who Code Inc New York, NY | $56,064,304 | $28,119,627 |
United Activities Unlimited Staten Island, NY | $5,094,219 | $15,508,941 |
Auberle Mckeesport, PA | $5,710,506 | $15,397,907 |