Children's Advocacy Center for the 31st Judicial District
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$294,798.00
Projected Expenses
$294,798.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| 501c3 Status |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $233,134.00 | $201,232.00 | |
| Total Expenses | $162,137.00 | $209,477.00 | |
| Revenue Less Expenses | ($-0.00) | $70,997.00 | ($8,245.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $30,150.00 | $23,000.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $22,796.00 | $94,000.00 | |
| Contributions, Gifts, and Grants | $86,586.00 | $38,665.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $22,960.00 | $33,604.00 | |
| Investment Income, Net of Losses | $429.00 | $950.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $70,167.00 | $10,720.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $46.00 | $293.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $101,316.00 | $147,236.00 | |
| Administration Expense | $60,821.00 | $62,241.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 144% | 96% | |
| Program Expense/Total Expenses | 62% | 70% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $86,586.00 | Government Grants $94,000.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $70,167.00 | Contributions, Gifts, Grants $38,665.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Foundation and Corporations $30,150.00 | Program Revenue $33,604.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $518,812.00 | $456,906.00 | |
| Current Assets | $235,267.00 | $163,375.00 | |
| Long-Term Liabilities | $106,703.00 | $111,754.00 | |
| Current Liabilities | $8,444.00 | $11,854.00 | |
| Total Net Assets | $404,295.00 | $333,298.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2023
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Children's Advocacy Center is incredibly conservative with its funds. All spending is carefully scrutinized by our Board of Directors. We retain the services of a certified public accounting firm to handle our all financial needs. The Treasurer for our Board of Directors closely reviews our financial state and provides the Board of Directors with a detailed copy of the financials during their monthly Board meeting. In addition to hiring an outside accounting firm to maintain our financial affairs, annually we voluntarily contract for a complete financial audit by another independent certified public accounting firm. We also have financial stakeholders who regularly review our programs for system compliance and financial due diligence. It is imperative to the betterment of child maltreatment victims that we continue to seek ways to fund our Center. The foundation of our center necessitates that our services are provided free of charge to those we serve. Therefore, we will always be dependent on governmental funding, grants and the generosity of others to sustain our programs. The 31st District is comprised of small rural communities where the majority of residents, low in minority population, are following a multi-generational practice, which is, has lived or will live within this immediate area for all or most of their lives. A large portion (88%) of our citizens has limited or no secondary education; less than 25% gainfully employed, and 20% living below the poverty level. The U.S. median household income is $53,889, based on US Census 2016 Quick Facts. The median household income within Warren and Van Buren Counties is averaged at 30% below the national average. These are among the many factors contributing to the vulnerability of our children, as well as, to the citizens in our communities being underserved. Children who live in rural areas are twice as likely to be identified as victims of child sexual abuse and the risk is tripled for children in low socioeconomic status households or where families are not gainfully employed (Sedlack, et. al., 2010). Because our district is rural and our communities lack the resources and employment opportunities that many urban areas have, the children in our area run a much higher risk of victimization. Our biggest opportunity comes from obtaining financial assistance from outside our local community, while not encroaching upon the benefactors of our sister Child Advocacy Centers. |
Foundation Staff Comments
| Financial figures are taken from the Form 990. Form 990 was prepared by Denning & Cantrell, CPAs, PLLC. Comments provided by Hayley Sulfridge 4/25/24. |
