Fotc - Sf Bay Area
- Assets
- $3.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 24
- Location
- San Francisco, CA
- Founding
- 11/2016
- Data as of
- 08/2022
- EIN
- 81-3921100
Organization Overview
Fotc - Sf Bay Area is located in San Francisco, CA. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2022, Fotc - Sf Bay Area employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fotc - Sf Bay Area 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 08/2022, Fotc - Sf Bay Area generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $2.7m during the year ending 08/2022. While expenses have increased by 28.6% per year over the past 6 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
IMPACTING GENERATIONAL CHANGE BY EMPOWERING YOUTH WHO ARE FACING THE GREATEST OBSTACLES THROUGH RELATIONSHIPS WITH PROFESSIONAL MENTORS - 12+ YEARS, NO MATTER WHAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE CHILDREN - SF BAY AREA IDENTIFIES AND ENROLLS KINDERGARTENERS WHO FACE THE BIGGEST SYSTEMIC BARRIERS TO SUCCESS, THEN PROVIDES EACH CHILD WITH A SALARIED, PROFESSIONAL MENTOR TO WALK BESIDE THEM THROUGH HIGH SCHOOL GRADUATION - 12+ YEARS, NO MATTER WHAT! OUR SIMPLE YET RADICAL MENTORING MODEL HAS A NEARLY THIRTY-YEAR TRACK RECORD DEMONSTRATING THAT OUR CHILDREN BREAK THE GENERATIONAL CYCLES INTO WHICH THEY WERE BORN: 83% GRADUATE HIGH SCHOOL; 93% REMAIN FREE OF THE JUVENILE JUSTICE SYSTEM; 98% WAIT TO PARENT UNTIL AFTER THEIR TEEN YEARS; AND 92% GO ON TO ENROLL IN POST-SECONDARY EDUCATION, ENTER THE WORKFORCE OR SERVE OUR COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Corlett Director Of Development An | 40 | $143,333 | |
Michael Rugen Executive Director | Officer | 40 | $134,000 |
Abhi Talwalkar Board Chair | OfficerTrustee | 1 | $0 |
Tanya Welch Treasurer | OfficerTrustee | 1 | $0 |
Timothy Waters Executive Director | Officer | 40 | $0 |
Ruth Bond Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $760,673 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,259,496 |
| Noncash contributions included in lines 1a–1f | $75,762 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,020,169 |
| Total Program Service Revenue | $0 |
| Investment income | $2,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$48,699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,985,687 |
| 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. | $136,768 |
| Compensation of current officers, directors, key employees. | $13,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,437,670 |
| Pension plan accruals and contributions | $27,533 |
| Other employee benefits | $173,214 |
| Payroll taxes | $163,554 |
| 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 | $188,565 |
| Advertising and promotion | $66,193 |
| Office expenses | $28,502 |
| Information technology | $48,135 |
| Royalties | $0 |
| Occupancy | $67,414 |
| Travel | $8,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,673 |
| Payments to affiliates | $6,400 |
| Depreciation, depletion, and amortization | $40,220 |
| Insurance | $37,674 |
| All other expenses | $17,407 |
| Total functional expenses | $2,704,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,566 |
| Savings and temporary cash investments | $3,001,473 |
| Pledges and grants receivable | $127,965 |
| 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 | $27,047 |
| Net Land, buildings, and equipment | $157,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,665,622 |
| Accounts payable and accrued expenses | $101,524 |
| 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 | $44,631 |
| Total liabilities | $146,155 |
| Net assets without donor restrictions | $3,401,757 |
| Net assets with donor restrictions | $117,710 |
| 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 | $3,665,622 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Fotc - Sf Bay Area has recieved totaling $203,583.
| Awarding Organization | Amount |
|---|---|
Friends Of The Children - National Office Portland, OR PURPOSE: CHAPTER SUPPORT | $61,445 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $45,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $25,000 |
Stocker Foundation Elyria, OH PURPOSE: UNRESTRICTED, MOST PRESSING NEED | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |
Teach-Org Inc San Francisco, CA | $5,801,007 | $13,162,873 |
The Reason Foundation Los Angeles, CA | $15,187,245 | $16,170,727 |
San Francisco Study Center Inc San Francisco, CA | $5,230,719 | $12,852,895 |
Hoffman Institute Foundation San Rafael, CA | $2,301,194 | $11,907,757 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Cambiar Education San Diego, CA | $11,761,927 | $15,993,046 |
Associated Students Of California State University Chico Chico, CA | $29,452,040 | $13,695,718 |
Todays Fresh Start Los Angeles, CA | $38,805,224 | $12,503,064 |
Agape Fresno, CA | $5,383,451 | $10,431,263 |