Family Connection Inc
- Assets
- $1.8m
- Revenue
- $2.9m
- Investments
- $99.8k
- Employees
- 46
- Location
- Mt Sterling, KY
- Founding
- 07/1993
- Data as of
- 07/2022
- EIN
- 35-1870499
Organization Overview
Family Connection Inc is located in Mt Sterling, KY. The organization was established in 1993. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 07/2022, Family Connection Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Connection 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 07/2022, Family Connection Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $3.3m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
TO PARTNER WITH OUR COMMUNITIES BY PROVIDING CARING SERVICES TO HURTING CHILDREN, YOUTH AND FAMILIES, IN HELPING THEM REACH WHOLENESS OF BODY, MIND AND SOUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PARTNER WITH OUR COMMUNITIES BY PROVIDING CARING SERVICES TO HURTING CHILDREN, YOUTH AND FAMILIES, IN HELPING THEM REACH WHOLENESS OF BODY, MIND AND SOUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Bach Board Member | OfficerTrustee | 2 | $0 |
Hollie Sharpe Secretary | OfficerTrustee | 4 | $0 |
Greg Waters Treasurer | OfficerTrustee | 2 | $0 |
Kaye Leighton Chairman | OfficerTrustee | 5 | $0 |
Jenny Howell Vice - Chairman | OfficerTrustee | 2 | $0 |
Ashley Mcnabb Executive Director | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,667,848 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,919,474 |
| Total Program Service Revenue | $0 |
| Investment income | -$9,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,930,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,115 |
| Compensation of current officers, directors, key employees. | $4,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $671,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $433,182 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $80,002 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $581,253 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,103 |
| Insurance | $0 |
| All other expenses | $157,670 |
| Total functional expenses | $3,304,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$40,533 |
| Savings and temporary cash investments | $82,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,481 |
| 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 | $22,764 |
| Net Land, buildings, and equipment | $1,478,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $99,847 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,807,345 |
| Accounts payable and accrued expenses | $83,553 |
| 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 | $380,141 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $463,694 |
| Net assets without donor restrictions | $1,260,818 |
| Net assets with donor restrictions | $82,833 |
| 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 | $1,807,345 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Connection Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $82,079 |
| Ending Balance | $82,833 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunny Hill Inc Fenton, MO | $11,297,687 | $21,265,686 |
Anne Grady Corporation Holland, OH | $27,020,772 | $20,724,651 |
Ramey-Estep Homes Inc Rush, KY | $15,258,585 | $16,553,810 |
Toward Independence Inc Xenia, OH | $16,072,501 | $19,513,652 |
Gentlebrook Inc Hartville, OH | $17,167,433 | $16,925,773 |
St Joseph Infant & Maternity Home Cincinnati, OH | $52,343,435 | $15,266,640 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Childrens Home Of Northern Kentucky Inc Covington, KY | $17,993,059 | $13,499,254 |
Christian Childrens Home Of Ohio Wooster, OH | $9,192,429 | $14,011,752 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Evangelical Childrens Home St Louis, MO | $35,970,155 | $15,187,962 |
Wood Lane Residential Services Bowling Green, OH | $5,610,920 | $12,204,254 |