Friends Of The Children Tacoma
- Assets
- $933.7k
- Revenue
- $487.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Tacoma, WA
- Founding
- 12/2019
- Data as of
- 08/2023
- EIN
- 84-3340283
Organization Overview
Friends Of The Children Tacoma is located in Tacoma, WA. The organization was established in 2019. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 08/2023, Friends Of The Children Tacoma employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Children Tacoma 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 08/2023, Friends Of The Children Tacoma generated $487.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $914.2k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF THE CHILDREN - TACOMA IS A WASHINGTON BASED NONPROFIT WITH THE MISSION OF IMPACTING GENERATIONAL CHANGE BY EMPOWERING YOUTH WHO ARE FACING THE GREATEST OBSTACLES THROUGH RELATIONSHIPS WITH PROFESSIONAL MENTORS - 12+ YEARS, NO MATTER WHAT. 83% OF OUR YOUTH RECEIVE A HIGH SCHOOL DIPLOMA OR GED, 98% OF OUR YOUTH WAIT TO BECOME PARENTS UNTIL AFTER THEIR TEENS, 93% OF OUR YOUTH REMAIN FREE FROM JUVENILE JUSTICE SYSTEM INVOLVEMENT, AND 92% OF OUR YOUTH GO ON TO ENROLL IN POST-SECONDARY EDUCATION, SERVE OUR COUNTRY OR ENTER THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH IN THE FRIENDS PROGRAM FACE CONSIDERABLE CHALLENGES, INCLUDING PLACEMENT IN THE FOSTER CARE SYSTEM, UNDER-RESOURCED NEIGHBORHOOD SCHOOLS, HOMELESSNESS, HUNGER, AND DISPARITIES IN ACCESS TO AND QUALITY OF HEALTH CARE. DESPITE THESE BARRIERS, PROGRAM YOUTH ENTER ADULTHOOD WITH STRONG FOUNDATIONS FOR CONTINUING ACHIEVEMENT: 83% GRADUATE HIGH SCHOOL OR EARN A GED, 93% AVOID THE JUVENILE JUSTICE SYSTEM, AND 98% AVOID TEEN PARENTING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shareka Fortier Board Chair | OfficerTrustee | 1 | $0 |
Jessica Case Secretary | OfficerTrustee | 1 | $0 |
Wendy Cleveland Treasurer | OfficerTrustee | 1 | $0 |
Todd Blodgett Board Member | Trustee | 1 | $0 |
Shanna Lamar Board Member | Trustee | 1 | $0 |
Stephanie Sarber Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $377,734 |
| Noncash contributions included in lines 1a–1f | $20,816 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,876 |
| Total Program Service Revenue | $0 |
| Investment income | $1,127 |
| 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 | $487,003 |
| 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. | $129,771 |
| Compensation of current officers, directors, key employees. | $12,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,191 |
| Pension plan accruals and contributions | $2,615 |
| Other employee benefits | $54,786 |
| Payroll taxes | $50,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,472 |
| Advertising and promotion | $804 |
| Office expenses | $21,355 |
| Information technology | $26,578 |
| Royalties | $0 |
| Occupancy | $42,727 |
| Travel | $14,735 |
| 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 | $11,840 |
| Depreciation, depletion, and amortization | $8,225 |
| Insurance | $8,912 |
| All other expenses | $0 |
| Total functional expenses | $914,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,876 |
| Savings and temporary cash investments | $52,666 |
| Pledges and grants receivable | $113,159 |
| Accounts receivable, net | $1,000 |
| 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 | $5,356 |
| Net Land, buildings, and equipment | $15,786 |
| Investments—publicly traded securities | $639,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,022 |
| Total assets | $933,744 |
| Accounts payable and accrued expenses | $74,339 |
| 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 | $57,072 |
| Total liabilities | $131,411 |
| Net assets without donor restrictions | $771,103 |
| Net assets with donor restrictions | $31,230 |
| 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 | $933,744 |