Wayfinder Family Services
- Assets
- $60.7m
- Revenue
- $47.3m
- Investments
- $0.0
- Employees
- 564
- Location
- Los Angeles, CA
- Founding
- 11/1954
- Data as of
- 06/2023
- EIN
- 95-1977659
Organization Overview
Wayfinder Family Services is located in Los Angeles, CA. The organization was established in 1954. According to its NTEE Classification (P86) the organization is classified as: Blind & Visually Impaired Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Wayfinder Family Services employed 564 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayfinder Family Services 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 06/2023, Wayfinder Family Services generated $47.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $48.1m during the year ending 06/2023. While expenses have increased by 9.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WAYFINDER'S MISSION IS TO ENSURE THAT CHILDREN, YOUTH AND ADULTS FACING CHALLENGES ALWAYS HAVE A PLACE TO TURN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER CARE AND ADOPTION: WAYFINDER'S STATEWIDE FOSTER CARE AND ADOPTION PROGRAMS MATCH CHILDREN AND YOUTH WHO HAVE BEEN DISPLACED FROM THEIR HOMES DUE TO ABUSE OR NEGLECT WITH FAMILIES THAT CAN PROVIDE SAFE, CARING HOMES. WAYFINDER RECRUITS, TRAINS AND CERTIFIES RESOURCE (FOSTER) FAMILIES, SOME OF WHOM ULTIMATELY ADOPT THE CHILDREN THEY FOSTER. ALSO, WAYFINDER OFFERS THERAPEUTIC ADOPTION SUPPORT THAT INCLUDES CASE MANAGEMENT, MENTAL HEALTH THERAPY AND MENTORING TO CHILDREN AND THEIR ADOPTIVE FAMILIES DURING AND AFTER ADOPTION TO PROMOTE STABILITY AND PERMANENCY.
TEMPORARY SHELTER CARE PROGRAM, ALSO KNOWN AS THE COTTAGE, IS A 10-DAY SHELTER ON OUR LOS ANGELES CAMPUS FOR CHILDREN, AGES 0 THROUGH 17, WHO HAVE JUST BEEN REMOVED FROM THEIR HOMES DUE TO ABUSE OR NEGLECT. THESE CHILDREN NEED TEMPORARY REFUGE UNTIL THEY CAN BE PLACED WITH FAMILY MEMBERS OR FOSTER FAMILIES. OUR PROFESSIONAL STAFF STABILIZE CHILDREN IN CRISIS SO THEY ARE READY TO TRANSITION INTO PLACEMENT. WAYFINDER IS ONE OF ONLY FOUR AGENCIES SELECTED BY THE LOS ANGELES COUNTY DEPARTMENT OF CHILDREN AND FAMILY SERVICES TO PROVIDE THIS SERVICE - AND THE ONLY ONE THAT ACCEPTS INFANTS AND TODDLERS.
GROUP HOMES FOR CHILDREN AND ADULTS: WAYFINDER OPERATES FIVE GROUP HOMES IN SINGLE-FAMILY HOMES, EACH HOUSING UP TO SIX CHILDREN OR SIX YOUNG ADULTS WITH MULTIPLE DISABILITIES. RESIDENTS RECEIVE ROUND-THE-CLOCK CARE. ALL GROUP HOMES ARE CONVENIENTLY LOCATED IN THE SOUTH LOS ANGELES NEIGHBORHOOD NEAR THE WAYFINDER CAMPUS SO THAT YOUNG RESIDENTS CAN ATTEND THE SPECIAL EDUCATION SCHOOL, USE WAYFINDER'S RECREATIONAL FACILITIES OR RECEIVE CARE FROM THE 24-HOUR MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elworth Ae Williams Chair Of Board | OfficerTrustee | 1 | $0 |
Linda Myerson Dean Vice Chair Of Board | OfficerTrustee | 1 | $0 |
Erica Fernandez Secretary | OfficerTrustee | 1 | $0 |
Glenn A Sonnenberg Treasurer | OfficerTrustee | 1 | $0 |
Scott M Farkas ESQ Immediate Past Chair | OfficerTrustee | 1 | $0 |
Harold A Davidson Dba Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Good Guard Security Inc Security | 6/29/23 | $403,161 |
Johnson Controls Security Solutions Security | 6/29/23 | $368,335 |
Fox Staffing Inc Temporary Help | 6/29/23 | $365,993 |
Robert Half Temporary Help | 6/29/23 | $348,828 |
Mastercorp Commercial Services Llc Cleaning Services | 6/29/23 | $321,909 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,309,528 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,422,410 |
| Noncash contributions included in lines 1a–1f | $260,811 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,731,938 |
| Total Program Service Revenue | $0 |
| Investment income | $1,392,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,315,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,697,243 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $971,685 |
| Compensation of current officers, directors, key employees. | $121,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,929,325 |
| Pension plan accruals and contributions | $43,138 |
| Other employee benefits | $3,974,219 |
| Payroll taxes | $1,736,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $782,219 |
| Fees for services: Accounting | $60,500 |
| Fees for services: Lobbying | $20,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,263 |
| Fees for services: Other | $2,377,744 |
| Advertising and promotion | $291,998 |
| Office expenses | $1,903,083 |
| Information technology | $573,133 |
| Royalties | $0 |
| Occupancy | $2,947,268 |
| Travel | $766,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $770,334 |
| Insurance | $534,862 |
| All other expenses | $446,702 |
| Total functional expenses | $48,120,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $863,471 |
| Savings and temporary cash investments | $213,243 |
| Pledges and grants receivable | $437,275 |
| Accounts receivable, net | $5,476,399 |
| 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 | $290,178 |
| Net Land, buildings, and equipment | $13,761,469 |
| Investments—publicly traded securities | $30,083,664 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,561,044 |
| Total assets | $60,686,743 |
| Accounts payable and accrued expenses | $6,605,626 |
| 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 | $812,279 |
| Total liabilities | $7,417,905 |
| Net assets without donor restrictions | $52,636,685 |
| Net assets with donor restrictions | $632,153 |
| 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 | $60,686,743 |