Family Resource Agency Inc
- Assets
- $1.7m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 324
- Location
- Cleveland, TN
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 58-2127749
Organization Overview
Family Resource Agency Inc is located in Cleveland, TN. The organization was established in 1997. 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 12/2022, Family Resource Agency Inc employed 324 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Family Resource Agency 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 Resource Agency Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $12.4m during the year ending 12/2022. While expenses have increased by 1.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE FAMILIES, CHILDREN AND ADULTS IN WAYS THAT IMPROVE THEIR QUALITY OF LIFE AND ENABLE THEM TO BECOME MORE SELF-SUFFICIENT, PRODUCTIVE MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START PROGRAM AND PRE-K PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Bacon CEO | Officer | 20 | $78,067 |
Joe Adams Fiscal Direc | Officer | 20 | $76,250 |
Kelly Browand President | OfficerTrustee | 1 | $0 |
Sandra Holder Secretary/tr | OfficerTrustee | 1 | $0 |
Deana Laudner President El | OfficerTrustee | 1 | $0 |
David Carroll Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Youngcreek Recreational Playground Eq | 12/30/21 | $237,476 |
Kids Community Learning Center Child Care | 12/30/21 | $149,291 |
Lafatette Area Llc Child Care | 12/30/21 | $136,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,319,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,329,517 |
| 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 | $12,329,517 |
| 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. | $154,317 |
| Compensation of current officers, directors, key employees. | $154,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,359,942 |
| Pension plan accruals and contributions | $284,185 |
| Other employee benefits | $712,677 |
| Payroll taxes | $478,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $889,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $503,167 |
| Travel | $86,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,462 |
| Insurance | $97,787 |
| All other expenses | $348,550 |
| Total functional expenses | $12,369,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $282,058 |
| 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 | $97,382 |
| Net Land, buildings, and equipment | $731,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $379,033 |
| Total assets | $1,737,951 |
| Accounts payable and accrued expenses | $618,131 |
| 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 | $379,033 |
| Total liabilities | $997,164 |
| Net assets without donor restrictions | $654,386 |
| Net assets with donor restrictions | $86,401 |
| 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 | $1,737,951 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Resource Agency Inc has recieved totaling $20.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Family Services Of Virginia Inc Roanoke, VA | $21,862,417 | $39,175,791 |
Arkansas Support Network Inc Springdale, AR | $7,815,906 | $32,715,852 |
Lutheran Family Services In The Carolinas Inc Salisbury, NC | $8,144,497 | $24,137,672 |
Centers For Youth And Families Inc Little Rock, AR | $16,763,038 | $23,040,130 |
Mississippi Childrens Home Society Jackson, MS | $27,972,743 | $21,388,491 |
Jewish Family & Career Services Inc Atlanta, GA | $12,287,389 | $17,564,180 |
Family Guidance Center Montgomery, AL | $13,687,977 | $20,448,992 |
Academie Lafayette Kansas City, MO | $17,489,585 | $15,520,106 |
Clayton County Community Services Authority Inc Forest Park, GA | $3,675,143 | $13,405,367 |
Epworth Children & Family Services Inc Saint Louis, MO | $25,361,313 | $12,399,724 |
Family Resource Agency Inc Cleveland, TN | $1,737,951 | $12,329,517 |
Agape Child And Family Services Inc Memphis, TN | $4,822,758 | $10,716,983 |