Friends Association For Children
- Assets
- $4.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 61
- Location
- Richmond, VA
- Founding
- 12/1933
- Data as of
- 06/2022
- EIN
- 54-0505899
Organization Overview
Friends Association For Children is located in Richmond, VA. The organization was established in 1933. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Friends Association For Children employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Association For Children 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 06/2022, Friends Association For Children generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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 HELP CHILDREN AND FAMILIES ACHIEVE THEIR POTENTIAL AND BECOME PRODUCTIVE CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD PROGRAMS AND SERVICES SUPPORT THE ACADEMIC, SOCIAL, AND EMOTIONAL DEVELOPMENT OF THE CHILDREN WE SERVE, AS THEY BEGIN THEIR EDUCATIONAL JOURNEY. PARENTS AND FAMILIES ARE ALSO SUPPORTED VIA OUR STAFF SOCIAL WORKERS TO ACCESS AVAILABLE COMMUNITY RESOURCES AND TO NAVIGATE THE COMPLEX SOCIAL SERVICES SYSTEM IN RICHMOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J David Young Executive Director | Officer | 40 | $91,926 |
James Duty President | OfficerTrustee | 2 | $0 |
Kathy Glass Treasurer | OfficerTrustee | 2 | $0 |
Robin Benns Board Member | Trustee | 2 | $0 |
Korinn Carter Board Member | Trustee | 2 | $0 |
Jessica Coburn Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $115,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $433,587 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,483,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,032,533 |
| Total Program Service Revenue | $809,834 |
| Investment income | $1,612 |
| 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 | $2,843,979 |
| 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. | $91,926 |
| Compensation of current officers, directors, key employees. | $50,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,294,085 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $175,996 |
| Payroll taxes | $121,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,722 |
| Advertising and promotion | $4,982 |
| Office expenses | $14,015 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $169,218 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,546 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,929 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,239,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,945,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $57,500 |
| Accounts receivable, net | $131,229 |
| 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 | $2,012,429 |
| Investments—publicly traded securities | $43,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,099 |
| Total assets | $4,201,768 |
| Accounts payable and accrued expenses | $188,085 |
| 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 | $130,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $318,085 |
| Net assets without donor restrictions | $3,775,057 |
| Net assets with donor restrictions | $108,626 |
| 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 | $4,201,768 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Friends Association For Children has recieved totaling $798,185.
| Awarding Organization | Amount |
|---|---|
Robins Foundation Richmond, VA PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $187,100 |
United Way Of Greater Richmond Richmond, VA PURPOSE: DONOR DIRECT FUNDS (DESIGNATIONS) FOR GENERAL PURPOSES | $115,000 |
Virginia Nonproit Housing Coalition Richmond, VA PURPOSE: PRESCHOOL/AFTER SCHOOL TO LOW/MODERATE INCOME | $100,800 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $85,416 |
Hamilton M Baskerville Trust Ua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $82,068 |
Bon Secours Richmond Health System Richmond, VA PURPOSE: MISSION SUPPORT | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Georgetown Hill Child Care Center Inc Montgomery Village, MD | $9,950,402 | $20,593,536 |
Centronia Washington, DC | $17,606,173 | $16,952,822 |
Child Care Resources Inc Charlotte, NC | $14,134,148 | $14,856,531 |
The Childrens Center Franklin, VA | $3,548,502 | $14,069,816 |
Campagna Center Inc Alexandria, VA | $7,278,188 | $13,190,790 |
Child Care Resources Inc Richmond, VA | $3,029,926 | $11,141,593 |
Positively Living Inc Knoxville, TN | $4,436,601 | $10,571,861 |
Southwestern Child Development Commission Inc Webster, NC | $5,030,316 | $8,632,437 |
Kids After Hours Child Care Centers Rockville, MD | $714,700 | $7,688,874 |
Bright Beginnings Inc Washington, DC | $12,885,067 | $9,346,448 |