FAMILY FOUNDATIONS OF NORTHEAST FLORIDA
Using data as of: June 2016
Rating: RECOMMEND
About
Family Foundations of Northeast Florida promotes financial literacy, stability, and better financial behaviors. They offer several programs to help people with their finances, from providing financial counselors who educate and create a roadmap to achieving financial goals, to family and mental health counseling. They also offer an asset-building program that aims to move people out of poverty.
Family Foundations was formed in 1955 and was originally referred to as Family Counseling Services. It was created by the Junior League, United Way, and the Jewish Welfare League to provide marriage and family counseling to low-income families. They have evolved over time to include financial counseling and have helped over 130,000 families since its inception.
More information on Family Foundations of Northeast Florida can be found here:
http://familyfoundations.org/
Family Foundations Facebook:
https://www.facebook.com/WiseMoneyJax/
Our Analysis
Financial information comes from the latest public Form 990 filing.
Financial Overview
Family Foundations had nearly $1.8 million in revenue according to their latest filing, resulting in a surplus of $81,000. This comes after a large deficit of -$169,000 in the previous year.FINANCIAL INFORMATION
| CURRENT YEAR | |
|---|---|
| Contributions | 1,579,099 |
| Program Revenue | 177,586 |
| Investment Income | 37,389 |
| TOTAL REVENUE | 1,794,074 |
| Salaries & Compensation | 1,240,169 |
| Other Expenses | 472,660 |
| TOTAL EXPENSES | 1,712,829 |
| Revenue Minus Expenses | 81,245 | Totals may include items not listed above |
| END OF YEAR | |
|---|---|
| Assets | 1,643,147 |
| Liabilities | 804,223 |
| NET ASSETS | 838,924 |
| Number of employees | 25 |
| Voting board members | 14 |
Income Sources
Their revenue comes from a variety of sources. The bulk comes from individual contributions, followed by government grants and revenue from their own services.INCOME SOURCES
| TOTAL REVENUE | |
|---|---|
| Contributions | 1,182,040 |
| Government Grants | 286,108 |
| Fundraising Events | 86,619 |
| Federated Campaigns | 24,332 |
| TOTAL | 1,579,099 |
| Program Services | 177,586 |
| TOTAL REVENUE | 1,794,074 | Totals may include items not listed above |
Expenses and Philanthropic Spending
Family Foundations does fairly well with their spending, with about 82% going directly to their mission. We like to see a nonprofit spends at least 75% on their mission, so 82% is decent. They do have fundraising costs, though they are modest.| Program Spending | |
|---|---|
| Counseling Programs | 759,302 |
| 1000 in 1000 Program | 645,581 |
| TOTAL | 1,404,883 |
EXPENSES
| TOTAL EXPENSES | PROGRAM EXPENSES | ADMIN EXPENSES | FUNDRAISING EXPENSES | |
|---|---|---|---|---|
| Total expenses | 1,712,829 | 1,404,883 | 230,082 | 77,864 |
| Percentage of spending | 82.0% | 13.4% | 4.6% |
Our Conclusion
Family Foundations has a unique mission and is one that is much needed. We give them a RECOMMEND rating.
Contact:
Family Foundations of Northeast Florida
40 East Adams St, Suite 320
Jacksonville, FL 32202
Phone: (904) 396-4846
Family Foundations of Northeast Florida Form 990 – Financial Information: LINK
Financial information comes from the latest Form 990 filing. This review is the opinion of Local Philanthropic and is provided for general information purposes only. Please conduct your own due diligence before donating to any nonprofit.