Family Development Services Inc
- Assets
- $18.8m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 357
- Location
- Indianapolis, IN
- Founding
- 11/1996
- Data as of
- 02/2024
- EIN
- 35-1990571
Organization Overview
Family Development Services Inc is located in Indianapolis, IN. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 02/2024, Family Development Services Inc employed 357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Development Services 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 02/2024, Family Development Services Inc generated $21.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $21.6m during the year ending 02/2024. While expenses have increased by 2.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FAMILY DEVELOPMENT SERVICES, A HEAD START ORGANIZATION, IS TO IMPROVE THE LIVES OF LOW-INCOME CHILDREN BY PROVIDING QUALITY EARLY CHILDHOOD EDUCATION AND COMPREHENSIVE, FAMILY FOCUSED CHILD DEVELOPMENT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START PROGRAM - THE PURPOSE OF THIS FEDERALLY FUNDED PROGRAM IS TO SERVE LOW-INCOME PRESCHOOL CHILDREN AND THEIR FAMILIES BY PROVIDING A QUALITY EARLY CHILDHOOD EDUCATION AND SUPPORTIVE SERVICES. ACHIEVEMENTS INCLUDE SERVING OVER 960 CHILDREN ANNUALLY AT 10 SITES IN MARION AND HAMILTON COUNTIES, INCLUDING 10% SPECIAL NEEDS CHILDREN, LICENSED BY THE STATE OF INDIANA, PART-DAY AND FULL DAY SERVICES OFFERED AUGUST - JUNE, ANNUALLY, LIMITED FULL DAY, FULL YEAR SERVICES, TWO MEALS AND TWO SNACKS PROVIDED DAILY, IMPROVED CHILD OUTCOMES AS DICTATED BY FEDERAL MANDATES, PROVISION OF THE FOLLOWING COMPREHENSIVE SERVICES THROUGH THE FOLLOWING SERVICE DELIVERY AREAS - EARLY CHILD EDUCATION - FAMILY PARTNERSHIP - OUTCOMES AND TRANSITION - SPECIAL NEEDS - MENTAL HEALTH - HEALTH AND NUTRITION - SOCIAL SERVICES - BI-LINGUAL SERVICES.
EXPENSES ARE FOR OTHER ITEMS DIRECTLY RELATED TO THE EXEMPT PURPOSE OF THE ORGANIZATION.
EARLY HEAD START PROGRAM - THE PURPOSE OF THIS FEDERALLY FUNDED PROGRAM IS TO SERVE LOW-INCOME INFANTS, TODDLERS AND THEIR FAMILIES BY PROVIDING A QUALITY EARLY CHILDHOOD EDUCATION AND SUPPORTIVE SERVICES. ACHIEVEMENTS INCLUDE SERVING OVER 100 INFANTS AND TODDLERS ANNUALLY AT 6 SITES IN MARION COUNTY AND HAMILTON COUNTY, INCLUDING 10% SPECIAL NEEDS CHILDREN, LICENSED BY THE STATE OF INDIANA, FULL DAY, FULL YEAR SERVICES, TWO MEALS AND TWO SNACKS PROVIDED DAILY, PROVISION OF THE FOLLOWING COMPREHENSIVE SERVICES THROUGH THE FOLLOWING SERVICE DELIEVERY AREAS - DEVELOPMENTALLY APPROPRIATE INFANT-TODDLER EDUCATION PROGRAM - FAMILY PARTNERSHIP - OUTCOMES AND TRANSITION TO HEAD START - SPECIAL NEEDS - MENTAL HEALTH - HEALTH AND NUTRITION - SOCIAL SERVICES - BI-LINGUAL SERVICES.
THE USDA PROGRAM PROVIDES SUPPLEMENTAL FUNDING TO QUALIFIED AGENCIES TO PROVIDE NUTRITIOUS MEALS AND SNACKS TO LOW-INCOME CHILDREN DURING THE 2023-2024 SCHOOL YEAR, FAMILY DEVELOPMENT SERVICES PROVIDED 233,808 MEALS AND 107,610 SNACKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Stelzner Director | Trustee | 1 | $0 |
Brooke Salazar Director | Trustee | 1 | $0 |
Latisha Gray Director | Trustee | 1 | $0 |
Merindy Carpenter Director | Trustee | 1 | $0 |
Vincent Clark Treasurer | OfficerTrustee | 1 | $0 |
Joseph Eldridge President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,623,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $829,854 |
| Noncash contributions included in lines 1a–1f | $258,515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,453,321 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $21,453,321 |
| 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. | $275,309 |
| Compensation of current officers, directors, key employees. | $37,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,791,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,662,470 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,757 |
| Fees for services: Accounting | $30,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $440,907 |
| Advertising and promotion | $129,456 |
| Office expenses | $1,700,518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $485,167 |
| Travel | $115,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $629,033 |
| Insurance | $104,415 |
| All other expenses | $735,340 |
| Total functional expenses | $21,645,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,586,092 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $192,484 |
| Accounts receivable, net | $107,785 |
| 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 | $181,854 |
| Net Land, buildings, and equipment | $3,080,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,695,198 |
| Other assets | $0 |
| Total assets | $18,843,519 |
| Accounts payable and accrued expenses | $1,054,748 |
| Grants payable | $0 |
| Deferred revenue | $264,291 |
| 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 | $11,803,130 |
| Total liabilities | $13,122,169 |
| Net assets without donor restrictions | $4,158,217 |
| Net assets with donor restrictions | $1,563,133 |
| 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 | $18,843,519 |