Embrace Families Foundation Inc

“While at the beginning of the fiscal year, the organization had a management agreement with embrace families inc, a not-for-profit agency, to provide management and administrative services, the dissolution of ef inc in march 2025 brought that services contract to an end prior to the close of fiscal year 2024-25.”

“A contractor agreement was established between the ef foundation board of directors and contract employee maureen brockman effective september 1,2025 due to the dissolution of embrace families, inc.”

“The form 990 is prepared by tax return specialist and first reviewed by the executive director. It is then presented to the board of directors for approval prior to filing with the irs.”

“Conflicts of interest may arise in the relations of directors, officers, and management employees with any of the following third parties: 1. Persons and firms supplying goods and services to the agency. 2. Persons and firms from whom the agency leases property and equipment. 3. Persons and firms with whom the agency is dealing or planning to deal in connection with the gift, purchase or sale of real estate, securities or other property. 4. Competing or affinity organizations. 5. Donors or others supporting the agency. 6. Agencies, organizations and associations that affect the operations of the agency. 7. Family members, friends and other employees. A material conflicting interest may be defined as an interest, direct or indirect, with any persons and firms mentioned above. Such an interest might arise through: 1. Owning stock or holding debt or other proprietary interest in any third party dealing with the agency. 2. Holding office, serving on the board, participating in management or being otherwise employed (or formerly employed) in any third party dealing with the agency. 3. Receiving remuneration for services with respect to individual transactions involving the agency. 4. Using the agency's time, personnel, equipment, supplies, or good will for other than the agency's approved activities, programs or purposes. 5. Receiving personal gifts or loans from third parties dealing with the agency. If a conflict of interest is determined persons may be prohibited from participating in the governing body's deliberations and decisions in the transactions.”

“The organizaton's governing documents, conflict of interest policy, and financial statements are available upon request for the same period of disclosure as set forth in irc section 6104(d).”

“The mission of embrace families foundation is to serve as a catalyst for innovative initiatives that address the unique needs of young people in the dependency system, or who have transitioned out of that system; and to support programs designed to get ahead of challenges that bring children and their families into dependency. Contributions are used to support the mission work of 501c3 organizations serving central florida's child welfare system of care.”

“In june 2024, proceeds from the foundation's prior year fundraising programs were distributed in full to it's previously affiliated agencies: embrace families solutions (now rise community solutions) and embrace families cbc central florida (now dissolved). In fy 2024-25, following the dissolution and spin off on its once-affiliated agencies, ef foundation ceased proactive fundraising operations and worked to consolidate remaining resources. While continuing to operate a donor directed grant fund on behalf of that fund's contributing partners, ef foundation has initiated efforts to invest and endow remaining non-obligated funds to fulfill the following charitable purpose on an ongoing basis: to serve as a catalyst for innovative initiatives that address the unique needs of young people in the dependency system; and to support programs designed to get ahead of challenges that bring children and their families into the system.”

“The organization has a committee that assumes responsibility for oversight of the audit and selection of an independent accountant. The process has not changed from prior year.”