My Friend's House Family and Children Services Inc
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$737,838.04
Projected Expenses
$682,328.04
Organizational Budgets and Other Documents
IRS Letter of Exemption
| my friends house family and children services inc irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $649,735.00 | $835,761.00 | $711,702.00 |
| Total Expenses | $646,370.00 | $666,557.00 | $640,580.00 |
| Revenue Less Expenses | $3,365.00 | $169,204.00 | $71,122.00 |
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 | $21,224.00 | $175,858.00 | $62,865.00 |
| Contributions, Gifts, and Grants | $173,598.00 | $160,323.00 | $247,493.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $235,725.00 | $299,355.00 | $297,275.00 |
| Investment Income, Net of Losses | $0.00 | $302.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $215,818.00 | $199,923.00 | $40,410.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $3,370.00 | $0.00 | $63,659.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $415,912.00 | $447,438.00 | $422,191.00 |
| Administration Expense | $171,432.00 | $174,204.00 | $200,393.00 |
| Fundraising Expense | $59,026.00 | $44,915.00 | $17,996.00 |
| Total Revenue/Total Expenses | 101% | 125% | 111% |
| Program Expense/Total Expenses | 64% | 67% | 66% |
| Fundraising Expense/Contributed Revenue | 9% | 7% | 3% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $235,725.00 | Program Revenue $299,355.00 | Program Revenue $297,275.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $215,818.00 | Fundraising Events $199,923.00 | Contributions, Gifts, and Grants $247,493.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $173,598.00 | Government Grants $175,858.00 | Other Revenue $63,659.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $866,943.00 | $865,718.00 | $765,163.00 |
| Current Assets | $233,716.00 | $210,490.00 | $89,361.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $75,927.00 |
| Current Liabilities | $25,406.00 | $27,546.00 | $20,268.00 |
| Total Net Assets | $841,537.00 | $838,172.00 | $668,968.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| My Friend's House has provided services and supports to at-risk youth for over thirty (30) years. To date, the organization has been content to remain small and operate "under the radar", in part, due to the fear of being overwhelmed if capacity were increased. Today, My Friend's House is embarking on a "back-to-the basics" approach to the needs of at-risk youth and their families of Williamson County as its first priority. My Friend's House is committed to addressing identified needs by redirection, diversification, collaboration and working diligently to marshal necessary resources to respond to each critical need - whether residential, community-level wrap-around or in cooperation with other organizations in the field. Our efforts will: 1. Provide an outcome-based focus with measureable assessments and quality assurance provisions 2. Ensure diversified income/revenue sources to sustain service delivery over time 3. Require on-going evaluations to determine the continuing needs for its set of services/supports as well as the need to reallocate human/fiscal resources to meet changing needs of those being serviced 4. Maximize internal efficiencies to maximize the obligation of fiscal resources in direct supports and minimized administrative related overhead. |
Foundation Staff Comments
| Financials taken from 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financial documents completed by A. J. Farmer CPA. Comments provided by Nicole Rose 02/01/2023. |
