The Family Network Inc
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Fair Oaks, CA
- Founding
- 11/1980
- Data as of
- 12/2022
- EIN
- 43-1185310
Organization Overview
The Family Network Inc is located in Fair Oaks, CA. The organization was established in 1980. 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, Family Network Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Network 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, Family Network Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 10.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FAMILY NETWORK, INC. IS DEDICATED TO THE CHARITABLE WORK OF PROMOTING THE SOCIAL WELFARE OF INDIGENT ORPHANED AND HANDICAPPED CHILDREN BY ACTING AS A LICENSED CHILD PLACEMENT AGENCY, BY SEEKING OUT FOSTER OR ADOPTIVE HOMES AND BY SUPERVISING THE SAME; TO MAKE INVESTIGATIONAL REPORTS AND HOME STUDIES; TO OBTAIN FUNDS TO ASSIST WORTHY PROSPECTIVE ADOPTING PARTIES IN DREFAYING INITIAL TRANSPORTATION AND PRELIMINARY OVERSEAS ADOPTION FEES; TO PROVIDE COUNSELING TO THOSE WHO ARE EMOTIONALLY DISTRESSED; AND TO COOPERATE WITH OTHER CHILD PLACEMENT AGENCIES IN PROMOTING THE FOREGOING OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE WAS ACHIEVED BY PROVIDING ADOPTION AND COUNSELING SERVICES. DURING 2022, 150 ADOPTIONS WERE PROVIDED. ADDITIONALLY, THERE WERE 235 VISITS FOR HOME STUDY OR POST PLACEMENT SERVICES AND SOCIAL WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Degraaf Executive Dir. | Officer | 40 | $207,316 |
Preston Holdner Vice President | Officer | 1 | $0 |
Doug Juday Treasurer | Officer | 1 | $0 |
Aaron Quinn President | Officer | 1 | $0 |
Laura Ray Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,340,571 |
| Investment income | $36,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,962 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,322,284 |
| 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. | $207,316 |
| Compensation of current officers, directors, key employees. | $51,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $668,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,579 |
| Payroll taxes | $65,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,639 |
| Fees for services: Accounting | $39,937 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,554 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,269 |
| Office expenses | $13,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,475 |
| Insurance | $30,985 |
| All other expenses | $74,234 |
| Total functional expenses | $1,402,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,744 |
| Savings and temporary cash investments | $2,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,553 |
| 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 | $0 |
| Net Land, buildings, and equipment | $834,410 |
| Investments—publicly traded securities | $862,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,168 |
| Other assets | $0 |
| Total assets | $1,859,516 |
| Accounts payable and accrued expenses | $0 |
| 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 | $467,759 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,240 |
| Total liabilities | $582,999 |
| Net assets without donor restrictions | $1,276,517 |
| 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 | $1,859,516 |