Friends Of The Children-Boston Inc
- Assets
- $5.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Boston, MA
- Founding
- 07/2005
- Data as of
- 08/2022
- EIN
- 20-1581289
Organization Overview
Friends Of The Children-Boston Inc is located in Boston, MA. The organization was established in 2005. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 08/2022, Friends Of The Children-Boston Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Children-Boston Inc 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-Boston Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $2.2m during the year ending 08/2022. While expenses have increased by 9.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPACTING GENERATIONAL CHANGE BY EMPOWERING YOUTH WHO ARE FACING THE GREATEST OBSTACLES THROUGH RELATIONSHIPS WITH PROFESSIONAL MENTORS - 12+ YEARS, NO MATTER WHAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE CHILDREN-BOSTON CREATES GENERATIONAL CHANGE BY ENGAGING CHILDREN FROM HIGH-RISK COMMUNITIES IN 12 1/2 YEARS OF TRANSFORMATIVE MENTORING RELATIONSHIPS. WE CALL THE CHILDREN WE SERVE ACHIEVERS TO DEMONSTRATE OUR BELIEF IN THEIR POTENTIAL; OUR LONG TERM GOAL IS FOR ACHIEVERS TO GRADUATE FROM HIGH SCHOOL AND SUCCEED IN COLLEGE. OUR PROGRAM CONSISTS OF 20 HOURS A MONTH OF COMPREHENSIVE MENTORING AND ADVOCACY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yi-Chin Chen Executive Director | Officer | 40 | $129,978 |
Allen C Nunnally Clerk | OfficerTrustee | 1 | $0 |
Julie Lynch Co-Chair | OfficerTrustee | 1 | $0 |
Robert E Hallagan Co-Chair | OfficerTrustee | 1 | $0 |
Jeff Somers Treasurer | OfficerTrustee | 1 | $0 |
Dana Crawford Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $495,527 |
| Related organizations | $0 |
| Government grants | $74,223 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,704,896 |
| Noncash contributions included in lines 1a–1f | $25,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,274,646 |
| Total Program Service Revenue | $0 |
| Investment income | $5,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$78,901 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,201,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,185 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,231 |
| Compensation of current officers, directors, key employees. | $9,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,213,893 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $206,460 |
| Payroll taxes | $112,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,566 |
| Advertising and promotion | $0 |
| Office expenses | $34,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,474 |
| Travel | $29,783 |
| 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 | $7,550 |
| Depreciation, depletion, and amortization | $9,050 |
| Insurance | $17,496 |
| All other expenses | $0 |
| Total functional expenses | $2,196,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,102 |
| Savings and temporary cash investments | $4,255,776 |
| Pledges and grants receivable | $594,670 |
| 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 | $34,012 |
| Net Land, buildings, and equipment | $13,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,044 |
| Total assets | $5,014,362 |
| Accounts payable and accrued expenses | $151,241 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,158 |
| 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 | $171,399 |
| Net assets without donor restrictions | $4,317,963 |
| Net assets with donor restrictions | $525,000 |
| 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 | $5,014,362 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Friends Of The Children-Boston Inc has recieved totaling $519,244.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $86,100 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $85,034 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $62,513 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $62,513 |
Friends Of The Children - National Office Portland, OR PURPOSE: CHAPTER SUPPORT | $61,764 |
Greenlight Fund Inc Boston, MA PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Service Of Rhode Island Inc Providence, RI | $14,998,345 | $23,062,284 |
Williamsburg Infant And Early Childhood Development Center Inc Brooklyn, NY | $10,947,816 | $17,829,404 |
Community Counseling And Mediation Service Inc Brooklyn, NY | $22,401,444 | $19,970,012 |
Nia Community Services Network Inc Brooklyn, NY | $7,654,116 | $16,388,426 |
Girls Who Code Inc New York, NY | $56,064,304 | $28,119,627 |
United Activities Unlimited Staten Island, NY | $5,094,219 | $15,508,941 |
Community Providers Of Adolescent Services Inc Compass Dorchester, MA | $18,402,802 | $18,561,448 |
Catholic Charities Of Staten Island Inc Staten Island, NY | $13,695,617 | $13,182,407 |
Wediko Children's Services Inc Boston, MA | $0 | $10,112,596 |
Franciscan Life Center Network Incorporated Meriden, CT | $10,812,129 | $12,218,317 |
Center For Youth Services Inc Rochester, NY | $5,432,690 | $11,026,300 |
The Committee For Hispanic Children And Families Inc New York, NY | $4,931,284 | $10,533,775 |