Specialized Alternatives For Families And Youth Of Kentucky Inc
- Assets
- $1.4m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 119
- Location
- Lexington, KY
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 26-1641642
Organization Overview
Specialized Alternatives For Families And Youth Of Kentucky Inc, operating under the name Safy Of Kentucky Inc, is located in Lexington, KY. The organization was established in 2014. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2022, Safy Of Kentucky Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Safy Of Kentucky 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 12/2022, Safy Of Kentucky Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $12.3m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 6 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
TO CREATE THRIVING FAMILIES AND COMMUNITIES WHERE EVERY INDIVIDUAL CAN REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFY OF KENTUCKY PROVIDES THERAPEUTIC/TREATMENT FOSTER CARE TO CHILDREN WHO EXPERIENCE TRAUMA AND ARE REMOVED FROM FAMILY VIA COURT ACTION. SAFY RECRUITS AND TRAINS FOSTER FAMILIES TO PROVIDE SAFE AND STABLE ENVIRONMENTS WHILE ADDRESSING THE EMOTIONAL AND BEHAVIORAL NEEDS OF THE CHILD AND MAKE POSITIVE CHANGES IN THEIR LIVES. OUR OVERALL GOAL IS TO ASSIST CHILDREN ACHIEVE PERMANANCY.
MENTAL HEALTH, HOME STUDY SERVICES AND ADOPTIONS
SAFY'S EMPOWERING FAMILIES PROGRAM PROVIDES TREATMENT TO FAMILIES IN THE COMFORT OF THEIR OWN HOME. ALL FAMILIES HAVE THE ABILITY TO GROW AND OVERCOME DIFFICULTIES. SAFY'S APPROACH FOCUSES ON THE RELATIONSHIPS WITHIN THE FAMILY AND WORKS WITH EACH FAMILY MEMBER AS PARTNERS TO ACHIEVE THEIR GOALS. SAFY'S GOAL IS TO SUPPORT FAMILIES IN A COLLABORATIVE MANNER SO FAMILIES CAN REMAIN TOGETHER IN A HEALTHY WAY.
SAFY OF KENTUCKY HAS AN INDEPENDENT LIVING PROGRAM SERVING ALL SEVEN DIVISIONS. THIS PROGRAM IS DESIGNED FOR YOUTH WHO WANT TO MAKE THE MOST OF THEIR LIVES. YOUTH LEARN THE NECESSARY SKILLS TO LIVE ON THEIR OWN, SUCH AS FINANCIAL MANAGEMENT, TAX PREPARATION, BUDGETING AND OTHER LIFE SKILLS. SAFY STRIVES TO MAKE THE TRANSITION INTO ADULTHOOD AS SMOOTH AS POSSIBLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Matt President & CEO | Officer | 1 | $0 |
Nate Leonhard Treasurer | Officer | 1 | $0 |
Tonya Brooks-Thomas Vice President (enter 1/22) | Officer | 1 | $0 |
Veronica Farris Secretary (exit 8/22) | Officer | 1 | $0 |
Janet Hodge Ky Executive Director | Officer | 40 | $130,072 |
Amanda Donnelly Secretary (enter 8/22) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,590 |
| Noncash contributions included in lines 1a–1f | $132 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,590 |
| Total Program Service Revenue | $11,421,704 |
| Investment income | $409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,597,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $249,718 |
| 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. | $153,621 |
| Compensation of current officers, directors, key employees. | $115,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,192,685 |
| Pension plan accruals and contributions | $80,355 |
| Other employee benefits | $517,762 |
| Payroll taxes | $274,257 |
| Fees for services: Management | $1,441,572 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,822 |
| Advertising and promotion | $84,930 |
| Office expenses | $119,174 |
| Information technology | $115,252 |
| Royalties | $0 |
| Occupancy | $415,209 |
| Travel | $182,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $153,616 |
| All other expenses | $2,118 |
| Total functional expenses | $12,271,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $874,959 |
| 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 | $85,371 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $419,074 |
| Total assets | $1,380,604 |
| Accounts payable and accrued expenses | $683,552 |
| Grants payable | $0 |
| Deferred revenue | $162,263 |
| 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 | $420,468 |
| Total liabilities | $1,266,283 |
| Net assets without donor restrictions | $99,191 |
| Net assets with donor restrictions | $15,130 |
| 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 | $1,380,604 |