Family Touch Inc
- Assets
- $1.3m
- Revenue
- $735.1k
- Investments
- $0.0
- Employees
- 12
- Location
- Little Ferry, NJ
- Founding
- 04/2004
- Data as of
- 09/2022
- EIN
- 55-0790951
Organization Overview
Family Touch Inc is located in Little Ferry, NJ. The organization was established in 2004. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 09/2022, Family Touch Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Touch 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 09/2022, Family Touch Inc generated $735.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $553.1k during the year ending 09/2022. While expenses have increased by 4.5% 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 BUILD SOCIALLY AND EMOTIONALLY STRONG FAMILIES THROUGH FAMILY LIFE EDUCATION AND COUNSELING TO STRENGTHEN COMMUNITIES ACCROSS GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE AFFORDABLE EDUCATIONAL PROGRAMS AND COUNSELING SERVICES TO IMMIGRANTS AND THEIR FAMILIES TO BUILD STRONG COMMUNITIES. WE WORK TOWARD OUR MISSION IN THREE DISTINCT WAYS BELOW. 1. LOWERING BARRIERS TO ACCESS 2. IMPACTING EVERY SINGLE FAMILY MEMBER 3. TEACHING SUSTAINABLE AND LONG-TERM SKILLS
MISCELLANEOUS EXPENSES RELATED TO PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy C Kim President | OfficerTrustee | 40 | $78,000 |
Choong Jeong Kim VP & Treasur | OfficerTrustee | 25 | $18,000 |
Sun Kim Board Member | Trustee | $0 | |
Jae Deok Kim Board Member | Trustee | $0 | |
Chong H Park Board Member | Trustee | $0 | |
Susan Park Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,104 |
| All other contributions, gifts, grants, and similar amounts not included above | $470,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,441 |
| Total Program Service Revenue | $69,613 |
| Investment income | $4,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $126,709 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $735,085 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,375 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $395 |
| Office expenses | $9,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,125 |
| Insurance | $7,140 |
| All other expenses | $42,690 |
| Total functional expenses | $553,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,603 |
| Savings and temporary cash investments | $561,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $11,960 |
| Net Land, buildings, and equipment | $709,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,318,338 |
| Accounts payable and accrued expenses | $12,628 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $304,598 |
| Total liabilities | $317,226 |
| Net assets without donor restrictions | $0 |
| 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 | $1,001,112 |
| Total liabilities and net assets/fund balances | $1,318,338 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Family Touch Inc has recieved totaling $86,500.
| Awarding Organization | Amount |
|---|---|
Korean-American Community Foundation Inc New York, NY PURPOSE: College Readiness Program | $80,000 |
Southpole Foundation Inc Fort Lee, NJ PURPOSE: CHARITABLE GRANT | $5,000 |
Grace Charity Foundation Inc Randolph, NJ PURPOSE: RELIGIOUS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turning Points For Children Philadelphia, PA | $49,075,504 | $61,666,968 |
Family Service League Inc Huntington, NY | $59,056,765 | $58,964,732 |
Wesley Family Services Pittsburgh, PA | $21,969,339 | $57,226,294 |
Acenda Inc Glassboro, NJ | $48,440,904 | $48,619,140 |
Lakewood Resource And Referral Center Inc Lakewood, NJ | $45,013,117 | $65,769,816 |
Family Services Of Westchester Inc Purchase, NY | $15,513,115 | $28,897,436 |
Child & Family Services Of Erie County Buffalo, NY | $11,859,007 | $28,079,728 |
Cooke School And Institute New York, NY | $87,858,830 | $28,836,846 |
Family Design Resources Inc Harrisburg, PA | $4,656,695 | $25,423,383 |
Childrens Aid And Family Services Inc Paramus, NJ | $26,006,427 | $29,510,133 |
Family Service Of Montgomery County Pa Eagleville, PA | $9,146,267 | $22,707,585 |
Holy Family Institute Pittsburgh, PA | $17,575,191 | $23,440,748 |