Better Business Bureau Report for
Friends Association for Children

Better Business Bureau Report issued April 2014
Better Business Bureau Report expires April 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Friends Association for Children
Address: 1004 Saint John St
  Richmond, VA 23220
Phone: 804-644-2357
Web Address: http://friendsrva.org
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Better Business Bureau Comments

Year, State Incorporated: 1871, Virginia

Stated Purpose: Established in 1871 to serve children orphaned during the Civil War, Friends has grown into one of Richmond, Virginia's premier childcare and family support service organizations for low and moderate income residents of this community. The mission of Friends Association for Children is to help children and their families achieve their potential and become productive citizens. It carries out this mission by providing quality childcare, family support programs and education and training services for children and their parents. Friends has survived for more than a century because it understands the importance of being responsive to the changing needs of those it serves and because it works to help families improve the quality of their lives.

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Evaluation Conclusions

              

Friends Association for Children meets the 20 Standards for Charity Accountability.
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Programs

              

Friends Association for children provides a family model approach that addresses the needs of the entire family with four program components. Childcare has been the legacy of Friends. Three childcare centers offer a developmental program that focuses on school readiness. Through this program, staff ensures that children are performing at age-appropriate levels. Family Support Service is designedto improve and maintain family stability, It also encourages wholesome family living, which supports childcare program objectives. When parents seek childcare services, a comprehenive evaluation of family needs is completed by the staff. Youth Enrichment offers a variety of after-school and summer programs designed for school-age youth and teens. Activities include private musical instrument instruction, boy and girl scouting, dance, art workshops, after-school tutoring, book clubs, and the Youth Executive Exchange Program (a summer employment service.) The goal of the Adult Leadership and Career Advancement Program is to recruit and train parents and other adults in the community to acquire the skills needed to master the slow and difficult process of becoming self-confident, competent leaders. They also acquire the skilled needed to become self-sufficient and propductive employees in a career oriented jobs.

For the fiscal year ended June 30, 2013, Friends Association for Children's program expenses were:

  
Infant, Toddler, Preschool 1,145,721
School Age 334,477
Family Support Service 114,744
Youth Enrichment 70,330
Total Program Expenses: $1,665,272
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Governance

              

Chief Executive : J. David Young, Executive Director
Compensation*: 

Chair of the Board: James V. Duty
Chair's Profession / Business Affiliation: Roseline Financial, Inc.

Board Size: 8

Paid Staff Size: 46

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Fund Raising

              

Method(s) Used:

Grant proposals, internet, planned giving arrangements.
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $1,054,029, are donations received as a result of fund raising activities.)
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Financial

              

The following information is based on Friends Association for Children's consolidated audited financial statements for the fiscal year ended June 30, 2013.

Source of Funds  
Program service fees 655,729
Contributions 516,473
Governmental Grants 235,492
United Way allocations 227,064
In-kind contributions 75,000
Other income 19,033
Total Income $1,728,791


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Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 4%  Administrative: 11% 

Total income $1,728,791
Program expenses $1,665,272
Fund raising expenses 74,408
Administrative expenses 210,504
Total expenses $1,950,184
Expenses in Excess of Income (221,393)
Beginning net assets 2,466,098
Ending net assets 2,244,705
Total liabilities 820,253
Total assets $3,064,958


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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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