Friends Of The Children-Boston Inc
- Assets
- $7.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Boston, MA
- Founding
- 07/2005
- Data as of
- 08/2023
- EIN
- 20-1581289
Organization Overview
Friends Of The Children-Boston Inc is located in Boston, MA. The organization was established in 2005. 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 08/2023, Friends Of The Children-Boston Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Children-Boston 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 08/2023, Friends Of The Children-Boston Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.7m during the year ending 08/2023. While expenses have increased by 10.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPACTING GENERATIONAL CHANGE BY EMPOWERING YOUTH WHO ARE FACING THE GREATEST OBSTACLES THROUGH RELATIONSHIPS WITH PROFESSIONAL MENTORS - 12+ YEARS, NO MATTER WHAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE CHILDREN-BOSTON CREATES GENERATIONAL CHANGE BY ENGAGING CHILDREN FROM HIGH-RISK COMMUNITIES IN 12 1/2 YEARS OF TRANSFORMATIVE MENTORING RELATIONSHIPS. WE CALL THE CHILDREN WE SERVE ACHIEVERS TO DEMONSTRATE OUR BELIEF IN THEIR POTENTIAL; OUR LONG TERM GOAL IS FOR ACHIEVERS TO GRADUATE FROM HIGH SCHOOL AND SUCCEED IN COLLEGE. OUR PROGRAM CONSISTS OF 20 HOURS A MONTH OF COMPREHENSIVE MENTORING AND ADVOCACY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen C Nunnally Clerk | OfficerTrustee | 1 | $0 |
Michael Cleary Director | Trustee | 0.25 | $0 |
Dana Crawford Director | Trustee | 0.25 | $0 |
Robert E Hallagan Co-Chair | OfficerTrustee | 1 | $0 |
Julie Lynch Co-Chair | OfficerTrustee | 1 | $0 |
Prapti Mittal Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $429,948 |
| Related organizations | $0 |
| Government grants | $188,471 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,756,691 |
| Noncash contributions included in lines 1a–1f | $16,299 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,375,110 |
| Total Program Service Revenue | $0 |
| Investment income | $42,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$107,405 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,310,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,897 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,385 |
| Compensation of current officers, directors, key employees. | $7,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,441,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $257,842 |
| Payroll taxes | $126,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,643 |
| Advertising and promotion | $0 |
| Office expenses | $34,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $206,360 |
| Travel | $44,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $7,500 |
| Depreciation, depletion, and amortization | $6,916 |
| Insurance | $15,340 |
| All other expenses | $0 |
| Total functional expenses | $2,654,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,106 |
| Savings and temporary cash investments | $4,211,642 |
| Pledges and grants receivable | $323,250 |
| Accounts receivable, net | $0 |
| 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 | $14,559 |
| Net Land, buildings, and equipment | $6,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,113,287 |
| Total assets | $6,976,686 |
| Accounts payable and accrued expenses | $189,448 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,889 |
| 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 | $2,170,210 |
| Total liabilities | $2,364,547 |
| Net assets without donor restrictions | $4,186,855 |
| Net assets with donor restrictions | $425,284 |
| 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 | $6,976,686 |