Better Business Bureau Report for
Friends Association for Children

Better Business Bureau Report issued August 2011
Better Business Bureau Report expires August 2013


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: www.friendsassn.org
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Better Business Bureau Comments

Year, State Incorporated: 1871, Virginia
Affiliates: None
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, 2010, Friends Association for Children's program expenses were:

  
Infant, Toddler and Preschool 1,529,098
School Age 372,028
Youth enrichment 125,429
Family Support Service 87,491
Teen programs 36,697
Transportation 32,573
Leadership and training 4,728
Total Program Expenses: $2,188,044
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Governance

               

Chief Executive : Cherry Peters, Executive Director
Compensation*:
 $138,652

Chair of the Board: Sandra D. Norman
Chair's Profession / Business Affiliation: Director, VA Human Rights Council, Commonwealth of VA

Board Size: 25

Paid Staff Size: 65

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

grant proposals, internet, planned giving arrangements
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $1,220,193, are donations received as a result of fund raising activities.)
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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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Financial

               

The following information is based on Friends Association for Children's audited financial statements - consolidated for the fiscal year ended June 30, 2010.

Source of Funds  
Program service fees 1,329,734
Contributions 1,220,193
United Way Services 341,877
Grants from gov't agencies 97,410
Investment income 13,845
Increase in C.S.V life insurance 6,410
Net assets released -375,859
Total Income $2,633,610


chart



Uses of Funds as a % of Total Expenses

Programs: 81%  Fund Raising: 5%  Administrative: 10%  Other Expenses: 4%

Total income   $2,633,610
  Program expenses $2,188,044
  Fund raising expenses 128,284
  Administrative expenses 278,465
  Other Expenses 102,394
Total expenses   $2,697,187
Expenses in Excess of Income   (63,577)
Beginning net assets   3,238,962
Ending net assets   3,175,385
Total liabilities   533,196
Total assets   $3,708,581


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