Friends Of The Children - Colorado Springs
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- Data as of
- 08/2022
- EIN
- 87-0920034
Organization Overview
Friends Of The Children - Colorado Springs is located in Colorado Springs, CO. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Children - Colorado Springs 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, Friends Of The Children - Colorado Springs generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 50.2% each year . All expenses for the organization totaled $672.8k during the year ending 08/2022. 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
PROFESSIONAL MENTORSHIP FOR YOUTH FROM KINDERGARTEN THROUGH HIGH SCHOOL
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 ACHEIVEMENT: 83% GRADUATE HIGH SCHOOL OR EARN A GED, 93% AVOID JUVENILLE JUSTICE SYSTEM INVOLVEMENT, AND 98% AVOID TEEN PARENTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Cara Hired 1021 Executive Director | Officer | 40 | $27,454 |
Debra Wynn Chair | OfficerTrustee | 1 | $0 |
Cory Tweden Vice Chair | OfficerTrustee | 1 | $0 |
Noreen Landis-Tyson Secretary | OfficerTrustee | 1 | $0 |
Terri Sorensen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,233,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,233,913 |
| 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 | $1,241,165 |
| 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. | $114,770 |
| Compensation of current officers, directors, key employees. | $11,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,628 |
| Pension plan accruals and contributions | $2,659 |
| Other employee benefits | $24,311 |
| Payroll taxes | $27,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,413 |
| Advertising and promotion | $2,322 |
| Office expenses | $14,082 |
| Information technology | $5,861 |
| Royalties | $0 |
| Occupancy | $1,263 |
| Travel | $1,363 |
| 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 | $230,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,259 |
| All other expenses | $0 |
| Total functional expenses | $672,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,112 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $314,342 |
| 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 | $3,527 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,128,981 |
| Accounts payable and accrued expenses | $21,003 |
| 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 | $0 |
| Total liabilities | $21,003 |
| Net assets without donor restrictions | $150,636 |
| Net assets with donor restrictions | $957,342 |
| 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 | $1,128,981 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of The Children - Colorado Springs has recieved totaling $221,500.
| Awarding Organization | Amount |
|---|---|
Friends Of The Children - National Office Portland, OR PURPOSE: CHAPTER SUPPORT | $171,500 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Casa De Los Ninos Inc Tucson, AZ | $25,293,755 | $23,382,073 |
Tulsa Educare Inc Tulsa, OK | $26,958,930 | $20,318,102 |
Stand For The Silent Inc Perkins, OK | $889,186 | $11,940,386 |
Completely Kids Omaha, NE | $26,441,934 | $8,738,088 |
Colorado Youth For A Change Denver, CO | $1,559,265 | $5,423,176 |
Success In Education Foundation Salt Lake City, UT | $7,564,005 | $8,489,669 |
Oklahoma Alliance Of Ymcas Inc Oklahoma City, OK | $389,109 | $2,930,749 |
Geneva Glen Camp Incorporated Indian Hills, CO | $9,204,342 | $3,964,068 |
Illuminate Colorado Inc Denver, CO | $1,321,763 | $2,672,102 |
Thrive Inc Oklahoma City, OK | $1,516,185 | $2,804,552 |
Campesinos Sin Fronteras Somerton, AZ | $2,783,493 | $3,390,552 |
Youthworks Santa Fe, NM | $671,806 | $2,396,465 |