Fiscal Year
07/01/2023
06/30/2024
$16,618,661.00
$16,618,661.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter of Determination of Tax Exempt |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $11,505,575.00 | $8,385,396.00 | $6,586,513.00 |
| Total Expenses | $12,681,312.00 | $8,127,993.00 | $6,092,374.00 |
| Revenue Less Expenses | ($1,175,737.00) | $257,403.00 | $494,139.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $7,106,631.00 | $6,086,345.00 | $4,070,686.00 |
| Contributions, Gifts, and Grants | $3,588,071.00 | $1,167,168.00 | $1,319,883.00 |
| Indirect Public Support | $75,000.00 | $75,000.00 | $0.00 |
| Earned Revenue | $560,637.00 | $786,587.00 | $836,423.00 |
| Investment Income, Net of Losses | $70,158.00 | $226,523.00 | $272,971.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $105,078.00 | $43,335.00 | $50,423.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $448.00 | $36,127.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $10,468,276.00 | $6,555,501.00 | $4,360,488.00 |
| Administration Expense | $1,551,475.00 | $1,075,457.00 | $1,086,577.00 |
| Fundraising Expense | $661,561.00 | $497,035.00 | $645,309.00 |
| Total Revenue/Total Expenses | 91% | 103% | 108% |
| Program Expense/Total Expenses | 83% | 81% | 72% |
| Fundraising Expense/Contributed Revenue | 5% | 6% | 11% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $7,106,631.00 | Government Grants $6,086,345.00 | Government Grants $4,070,686.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $3,588,071.00 | Contributions, Gifts, and Grants $1,167,168.00 | Contributions, Gifts, and Grants $1,319,883.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $560,637.00 | Program Revenue $786,587.00 | Program Revenue $836,423.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $20,285,584.00 | $12,864,767.00 | $13,901,028.00 |
| Current Assets | $9,908,010.00 | $8,867,746.00 | $9,105,459.00 |
| Long-Term Liabilities | $1,974,942.00 | $150,000.00 | $0.00 |
| Current Liabilities | $7,309,274.00 | $850,967.00 | $1,540,237.00 |
| Total Net Assets | $11,001,368.00 | $11,863,800.00 | $12,360,791.00 |
Endowment Info
Yes
$4,100,000.00
Percentage
Capital Campaign Info
Yes
No
$3,000,000.00
F&CS completed construction on the Honey Alexander Center in 2019, just prior to the pandemic, with what we believed was ample space for at least 10 years of growth. As is made clear from the previous section (agency financials), growth at the agency has outpaced all expectations.
This growth is both a blessing and a challenge. Even with more than 50% of F&CS staff members collocated at partner agencies across the mid-state, we are completely out of space at the Honey Alexander Center. Additionally, we currently have 15 staff members working from home that should be in the office, but there is no space for them. The majority of staff members to be located in the new Mezzanine will be clinical and supervisory staff for our growing number of community-based and counseling services. F&CS has hundreds of community partners across all its programs (see attached partner list), many of which host collocated F&CS staff members who function as part of the staff of these agencies, but are employed, supervised, and trained by F&CS. Collaboration with community-based partners is core to our mission to coordinate social services across communities and to reduce or eliminate barriers to access.
January 2023
May 2024
September
2023
$1,800,000.00
Solicitation Permit Info
Yes
December
2024
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Funding sources for the agency include a range of diverse resources to include grants, contracts, foundation funding, fundraising events, client fees and other funding. The agency has proven to be responsible, capable and conscientious and is audited annually by independent auditors. Also, the agency operates under the auspices of a Board of Directors, with specific oversight by the Finance Committee of the board to assure the agency operates in compliance with sound financial practices. |
Foundation Staff Comments
| Financial figures taken from the 990 and audit. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these sums are not separated in Form 990. 990 prepared by Blankenship CPA Group, PLLC. Comment provided by Hayley Sulfridge 4/29/24. |
