Family Inc

“The 990 is reviewed by the finance committee, including the board treasurer. Recommendations are then made to the executive committee for action. The 990 is then signed by the president and ceo.”

“Every board member completes a conflict of interest form annually. The forms are then reviewed by the board governance committee and any changes that are recommended are referred to the executive committee and/or full board for action.”

“The process for determining compensation for the ceo includes review and approval by the board of directors, use of data as to comparable compensation, and contemporaneous documentation and recordkeeping. There are no other officers or key employees that receive compensation from the organization.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public by request.”

“The mission of family inc is to end the cycle of poverty by giving single- parents and young adults formerly in foster care the support they need to obtain post-secondary education that leads to a livable wage. Family inc works to end the cycle of poverty and transform our community by empowering families and youth to succeed in education and achieve life-long self- sufficiency. Family inc believes that everyone deserves the opportunity to realize their full potential and that access to education is a significant barrier for disadvantaged families. By providing academic advising, apprenticeship opportunities, housing, childcare, family support services, and inter-generational learning opportunities for health, well being and life skills, we help to address all the barriers to success in education and life.”

“Family inc works to end the cycle of poverty and transform our community by empowering families and youth to succeed in education and achieve life- long self-sufficiency. Family inc gives single parents and young adults formerly in foster care the support they need to obtain post-secondary education that leads to a livable wage. Family inc believes that everyone deserves the opportunity to realize their full potential and that access to education is a significant barrier for disadvantaged families. By providing academic advising, apprenticeship opportunities, housing, childcare, family support services, and inter-generational learning opportunities for health, well-being and life skills, family inc helps to address all the barriers to success in education and life. Many of the participants come to family inc lacking some of the basic life skills necessary for them to be self- sufficient, including financial literacy, healthy lifestyles, stress management, and physical fitness. While the parent-scholar is at the center of many programs, family inc also supports the children in our program, who receive the support and resources they need to become successful students and aspire to proceed to higher education in their adult life. This includes programs like toddler book club, children for change, and career academy. Family inc creates a college-going culture for every participant in the program. Family inc campuses become communities of peer support, providing a network of people with similar backgrounds and experiences who strengthen and encourage one another through the challenges of higher education and parenting. Thus family inc is an educational program with a housing component that utilizes internal resources and community collaborations to meet the needs of the families served.”

“Transfer of assets- fsh inc 17,784,266 part xi line 8- 334,373 prior period adjustment is due to understatement of deferred revenue and overstatement of temporarily restricted assets in prior year and corrected in 2024. Part xi line 9- 18,284,067 family scholar house inc, the parent company, transferred net assets in the amount of 17,784,266 to family inc january 1, 2024. The difference, in the amount of 499,801, are investments in pass through entities which are reported on family scholar house inc return.”