Parents By Choice Inc
- Assets
- $5.1m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 87
- Location
- Stockton, CA
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 35-2274016
Organization Overview
Parents By Choice Inc is located in Stockton, CA. The organization was established in 2007. 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, Parents By Choice Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parents By Choice 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, Parents By Choice Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $6.3m during the year ending 12/2022. While expenses have increased by 15.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESIDENTIAL CARE AND TREATMENT OF EMOTIONALLY AND PHYSICALLY NEGLECTED CHILDREN.
Describe the Organization's Program Activity:
RESIDENTIAL CARE AND TREATMENT OF EMOTIONALLY AND PHYSICALLY NEGLECTED CHILDREN.
RESIDENTIAL CARE AND TREATMENT OF EMOTIONALLY AND PHYSICALLY NEGLECTED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Yadon Executive Dir. | OfficerTrustee | 40 | $0 |
Garnell Troy Board Member | Trustee | 1 | $0 |
Lee Reobinson Secretary | OfficerTrustee | 1 | $0 |
Carolyn Robinson Board Member | Trustee | 1 | $0 |
Linda Vasquez Board Chair | OfficerTrustee | 1 | $0 |
Debbie Shepherd Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,861,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,019,248 |
| Total Program Service Revenue | $0 |
| Investment income | $120,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$199,464 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,493 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $71,477 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,016,484 |
| 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. | $123,304 |
| Compensation of current officers, directors, key employees. | $25,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,926,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $243,310 |
| Payroll taxes | $247,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,484 |
| Office expenses | $1,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,160 |
| Travel | $8,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,312 |
| Insurance | $64,212 |
| All other expenses | $312,497 |
| Total functional expenses | $6,297,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,249 |
| Savings and temporary cash investments | $205,382 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,769,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,698 |
| Prepaid expenses and deferred charges | $21,047 |
| Net Land, buildings, and equipment | $2,899,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,044 |
| Total assets | $5,091,578 |
| Accounts payable and accrued expenses | $889,752 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,416,904 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,825 |
| Total liabilities | $4,318,481 |
| Net assets without donor restrictions | $773,097 |
| 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 | $5,091,578 |