Civic Intelligence

Family Foundations of Northeast Florida Inc

EIN 59-0768265 • 501(c)3 • Jacksonville, FL

Profile

The mission of family foundations is growing strong, money-wise families. Growing: we teach and train. Strong: we nurture and counsel people so they are able to develop devoted, loving families who know how to communicate with each other. Money-wise: we want everyone to be wise when it comes to money. Too often people have never been taught how to handle their finances. Familes: we strive to do everyhing in our power to keep all families together, so they can contribute towards a stronger comunity. Everyone - every household, every business, every family - needs to be wise about money. We provide tools, skills, support and solutions because every child deserves to grow up in a financially fit family.

40 E Adams Street 120Jacksonville, FL 32202

www.familyfoundations.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.79x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.16x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

28th percentile

-5.2%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

39th percentile

0.0%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.2%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$371,579

Down $278,734 (-43%) from 2022

Liabilities

Down

$294,022

Down $95,350 (-24%) from 2022

Net Assets

Down

$77,557

Down $183,384 (-70%) from 2022

Revenue

Down

$1,744,288

Down $348,492 (-17%) from 2022

Expenses

Down

$1,927,672

Down $19,326 (-1.0%) from 2022

Net Income

Down

-$183,384

Down $329,166 (-226%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,524,975Liabilities 2011: $674,032Net Assets 2011: $850,9432011Assets 2012: $1,594,831Liabilities 2012: $706,968Net Assets 2012: $887,8632012Assets 2013: $1,624,357Liabilities 2013: $645,839Net Assets 2013: $978,5182013Assets 2014: $1,675,998Liabilities 2014: $644,979Net Assets 2014: $1,031,0192014Assets 2015: $1,328,175Liabilities 2015: $512,937Net Assets 2015: $815,2382015Assets 2016: $1,643,147Liabilities 2016: $804,223Net Assets 2016: $838,9242016Assets 2017: $1,324,763Liabilities 2017: $331,307Net Assets 2017: $993,4562017Assets 2018: $994,809Liabilities 2018: $248,742Net Assets 2018: $746,0672018Assets 2019: $695,135Liabilities 2019: $252,879Net Assets 2019: $442,2562019Assets 2020: $628,493Liabilities 2020: $317,073Net Assets 2020: $311,4202020Assets 2021: $786,689Liabilities 2021: $671,530Net Assets 2021: $115,1592021Assets 2022: $650,313Liabilities 2022: $389,372Net Assets 2022: $260,9412022Assets 2023: $371,579Liabilities 2023: $294,022Net Assets 2023: $77,5572023

Highlighted filing

2023

Assets$371,579
Liabilities$294,022
Net Assets$77,557

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,853,3472011Revenue 2012: $1,557,076Expenses 2012: $1,510,251Net Income 2012: $46,8252012Expenses 2013: $1,654,5402013Revenue 2014: $1,757,020Expenses 2014: $1,763,198Net Income 2014: -$6,1782014Revenue 2015: $1,449,252Expenses 2015: $1,617,973Net Income 2015: -$168,7212015Revenue 2016: $1,794,074Expenses 2016: $1,712,829Net Income 2016: $81,2452016Revenue 2017: $1,959,542Expenses 2017: $1,791,275Net Income 2017: $168,2672017Revenue 2018: $1,365,108Expenses 2018: $1,599,499Net Income 2018: -$234,3912018Revenue 2019: $1,311,737Expenses 2019: $1,601,349Net Income 2019: -$289,6122019Revenue 2020: $1,445,416Expenses 2020: $1,577,837Net Income 2020: -$132,4212020Revenue 2021: $1,560,863Expenses 2021: $1,757,124Net Income 2021: -$196,2612021Revenue 2022: $2,092,780Expenses 2022: $1,946,998Net Income 2022: $145,7822022Revenue 2023: $1,744,288Expenses 2023: $1,927,672Net Income 2023: -$183,3842023

Highlighted filing

2023

Revenue$1,744,288
Expenses$1,927,672
Net Income-$183,384

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.37$0.29$0.08$1.74$1.93$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.39$0.26$2.09$1.95$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.67$0.12$1.56$1.76$0.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.32$0.31$1.45$1.58$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.25$0.44$1.31$1.60$0.29
2018Summary only. Only limited summary data is available for this year.$0.99$0.25$0.75$1.37$1.60$0.23
2017Summary only. Only limited summary data is available for this year.$1.32$0.33$0.99$1.96$1.79$0.17
2016Summary only. Only limited summary data is available for this year.$1.64$0.80$0.84$1.79$1.71$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.51$0.82$1.45$1.62$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.68$0.64$1.03$1.76$1.76$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.65$0.98$1.65
2012Summary only. Only limited summary data is available for this year.$1.59$0.71$0.89$1.56$1.51$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.67$0.85$1.85
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 14, 2022
Return Version
2020v4.0
Gross Receipts
$1,560,863
Mission and Program Overview

Mission

The mission of family foundations of northeast florida, inc. Is to maximize the potential of individuals and families.we do this by providing financial wellness and family and individual counseling services to assist the community in becoming financially stronger. To fulfill our mission, we incorporate our core values into planning and implementation of all our programs. These values include: accountability; collaboration; compassion; community focus; and self-determination.

The mission of family foundations of northeast florida, inc. Is to maximize the potential of individuals and families to lead better lives. We do this by providing financial wellness and family and individual counseling services to assist the community in becoming financially and emotionally stronger.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$223,163$476,486▲ $253,323
Investments in Publicly Traded Securities$241,833--
Pledges and Grants Receivable$102,224$176,317▲ $74,093
Intangible Assets-$79,617-
Land, Buildings, and Equipment, Net$53,773$32,304▼ $21,469
Prepaid Expenses and Deferred Charges$7,500$21,965▲ $14,465
Total Assets$628,493$786,689▲ $158,196
Liabilities
Other Liabilities$106,400$356,149▲ $249,749
Accounts Payable and Accrued Expenses$85,855$190,563▲ $104,708
Escrow Account Liability$124,818$124,818→ $0
Total Liabilities$317,073$671,530▲ $354,457
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$311,420$115,159▼ $196,261
Total Net Assets Fund Balance$311,420$115,159▼ $196,261
Total Liabilities and Net Assets / Fund Balance$628,493$786,689▲ $158,196

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,304$217,681$249,985
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
William HaleyPresident/ceFT$122,400$122,400

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,169,910
Program Service Revenue
$391,192
Investment Income
$-239
Other Revenue
$0
All Other Contributions
$1,100,616
Change in Net Assets
$-196,261

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,560,863
Total Revenue per Audited Statements
$1,560,863
Total Revenue per Form 990
$1,560,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,409,800
Other Expenses$347,324
Total Fundraising Expense$38,487
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$936,216$215,732$20,382$1,172,330
Other Employee Benefits$90,985$50,338$3,327$144,650
Payroll Taxes$72,254$19,008$1,558$92,820
Information Technology$64,021$7,052$543$71,616
Fees for Services Management$35,002$19,365$1,280$55,647
Fees for Services Other$29,691$10,156$1,798$41,645
Depreciation Depletion$24,430--$24,430
Fees for Services Accounting-$18,000-$18,000
Occupancy$8,409$8,130$800$17,339
All Other Expenses$3,581$11,269$-789$14,061
Fees for Services Legal-$9,244-$9,244
Advertising$429$721$7,890$9,040
Insurance$1,015$6,938-$7,953
Other Expenses$14,751$7,033$-1,065$7,033
Interest-$3,362-$3,362
Travel$1,550$615$119$2,284
Total Functional Expenses$1,306,574$412,063$38,487$1,757,124

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,757,124
Total Expenses per Audited Statements$1,757,124
Total Expenses per Form 990$1,757,124
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraisers$69,294---
Total Events$69,294---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$246,933
Line of Credit$59,425
Pri Loan$49,289
Educational Custodial Account$502
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 will be reviewed by the ceo and/or finance manager prior to e- filing.

Form 990, Page 6, Part VI, Line 12C

All board members are required to provide a disclosure statement even if their relationships have not changed. Officers and key employees are required to disclose new interests that could give rise to conflicts on an annual basis. All employees provide a disclosure upon hire and are required to disclose new conflicts of interest as they arise.

Form 990, Page 6, Part VI, Line 15A

The board reviews data accumulated by the alliance of children and families that produces an annual compensation survey for non profits from around the country, assess performance, and determine increase in compensation in the guidelines and parameters of the survey.

Form 990, Page 6, Part VI, Line 19

Annual and ongoing disclosures of potential conflicts of interest are required for both members of the board of directors and all employees per the organization's policy and procedure. Conflict of interest disclosure statements of board of directors, officers and committee members are reviewed by the executive committee of the board.

Filing and Contact Details

Filer

Filer Name
Family Foundations of Northeast
EIN
59-0768265
Phone
9043964846
Address
40 E ADAMS STREET 120, JACKSONVILLE, FL 32202

Signing Officer

Name
William Haley
Title
President/CEO
Phone
9043964846
Signed
2022-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Haley
Formed
1995
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
33

Preparer

Firm
HARTMAN BLITCH & GARTSIDE CPA'S LLC
Address
6817 SOUTHPOINT PARKWAY STE 2303, JACKSONVILLE, FL 32216
Preparer
Adam Robinson
Phone
9043969802
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of family foundations of northeast florida, inc. Is to maximize the potential of individuals and families.we do this by providing financial wellness and family and individual counseling services to assist the community in becoming financially stronger. To fulfill our mission, we incorporate our core values into planning and implementation of all our programs. These values include: accountability; collaboration; compassion; community focus; and self-determination.

Form 990, Page 2, Part III, Line 4A

Clinical counseling - family foundations' clinical counseling is delivered through two programs: family and individual counseling services (fics) and, in conjuntion with the local united way, westside full service schools (wfss). Fics provides a comprehensive set of mental health services to individuals and families and is the only community-based program in northeast florida that provides low or no-cost counseling services. No one is ever turned away based on their capacity to pay. Also, through an fics collaboration with the local partnership for child health, we work with and counsel youth involved with the juvenile justice system to reduce the rate of recidivism. Wfss provides services to school-aged youth and their families to address behaviors that interfere with educational achievement, helping students to mitigate or eliminate non-academic barriers limiting their full potential. Each of our couselors are licensed mental health practitioners and/or supervised registered mental health interns.

Form 990, Page 2, Part III, Line 4B

1000 in 1000 program - family foundations manages jacksonville's 1,000 in 1,000 program, a collective impact model that aims to end intergenerational poverty. The initiative engages community partners to help families build core assets, learn/upgrade skills and address other financial, educational, or social barriers that limit upward mobility and income progression. The program is a research-based approach and works by helping families build pivotal assets as a means of achieving self- sufficiency. Through a combination of wrap around services, peer networking, incentives and strategies to expand income, the program aims to remove barriers, increase family stability and enhance employment prospects. Financial stability - family foundations' financial stability program assists individuals and families manage finances and resources in a complex and challenging world. Through a comprehensive array of services, we help families in northeast florida increase financial literacy skills including: budgeting, credit scoring, housing counseling, down-payment assistance, debt manangement, payday lending issues, student loan counseling, foreclosure intervention and bankruptcy. Utilizing individual and group settings taught by certified counselors, family foundations provides the tools, knowledge and resources to effectively manage one's finances. Our counselors also participate as the financial education component in jacksonville's financial opportunity center, a collaboration aimed at helping families coordinate their employment and financial wellness strategies. Annually, family foundations coordinates wise money week, a week-long celebration that brings together numerouse volunteers to deliver financial education to youth, adults, seniors and veterans to increase knowledge and stress the importance of financial literacy and responsibility.

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IRS990/MissionDesc0THE MISSION OF FAMILY FOUNDATIONS OF NORTHEAST FLORIDA, INC. IS TO MAXIMIZE THE POTENTIAL OF INDIVIDUALS AND FAMILIES.WE DO THIS BY PROVIDING FINANCIAL WELLNESS AND FAMILY AND INDIVIDUAL COUNSELING SERVICES TO ASSIST THE COMMUNITY IN BECOMING FINANCIALLY STRONGER. TO FULFILL OUR MISSION, WE INCORPORATE OUR CORE VALUES INTO PLANNING AND IMPLEMENTATION OF ALL OUR PROGRAMS. THESE VALUES INCLUDE: ACCOUNTABILITY; COLLABORATION; COMPASSION; COMMUNITY FOCUS; AND SELF-DETERMINATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc01000 IN 1000 PROGRAM - FAMILY FOUNDATIONS MANAGES JACKSONVILLE'S 1,000 IN 1,000 PROGRAM, A COLLECTIVE IMPACT MODEL THAT AIMS TO END INTERGENERATIONAL POVERTY. THE INITIATIVE ENGAGES COMMUNITY PARTNERS TO HELP FAMILIES BUILD CORE ASSETS, LEARN/UPGRADE SKILLS AND ADDRESS OTHER FINANCIAL, EDUCATIONAL, OR SOCIAL BARRIERS THAT LIMIT UPWARD MOBILITY AND INCOME PROGRESSION. THE PROGRAM IS A RESEARCH-BASED APPROACH AND WORKS BY HELPING FAMILIES BUILD PIVOTAL ASSETS AS A MEANS OF ACHIEVING SELF- SUFFICIENCY. THROUGH A COMBINATION OF WRAP AROUND SERVICES, PEER NETWORKING, INCENTIVES AND STRATEGIES TO EXPAND INCOME, THE PROGRAM AIMS TO REMOVE BARRIERS, INCREASE FAMILY STABILITY AND ENHANCE EMPLOYMENT PROSPECTS. FINANCIAL STABILITY - FAMILY FOUNDATIONS' FINANCIAL STABILITY PROGRAM ASSISTS INDIVIDUALS AND FAMILIES MANAGE FINANCES AND RESOURCES IN A COMPLEX AND CHALLENGING WORLD. THROUGH A COMPREHENSIVE ARRAY OF SERVICES, WE HELP FAMILIES IN NORTHEAST FLORIDA INCREASE FINANCIAL LITERACY SKILLS INCLUDING: BUDGETING, CREDIT SCORING, HOUSING COUNSELING, DOWN-PAYMENT ASSISTANCE, DEBT MANANGEMENT, PAYDAY LENDING ISSUES, STUDENT LOAN COUNSELING, FORECLOSURE INTERVENTION AND BANKRUPTCY. UTILIZING INDIVIDUAL AND GROUP SETTINGS TAUGHT BY CERTIFIED COUNSELORS, FAMILY FOUNDATIONS PROVIDES THE TOOLS, KNOWLEDGE AND RESOURCES TO EFFECTIVELY MANAGE ONE'S FINANCES. OUR COUNSELORS ALSO PARTICIPATE AS THE FINANCIAL EDUCATION COMPONENT IN JACKSONVILLE'S FINANCIAL OPPORTUNITY CENTER, A COLLABORATION AIMED AT HELPING FAMILIES COORDINATE THEIR EMPLOYMENT AND FINANCIAL WELLNESS STRATEGIES. ANNUALLY, FAMILY FOUNDATIONS COORDINATES WISE MONEY WEEK, A WEEK-LONG CELEBRATION THAT BRINGS TOGETHER NUMEROUSE VOLUNTEERS TO DELIVER FINANCIAL EDUCATION TO YOUTH, ADULTS, SENIORS AND VETERANS TO INCREASE KNOWLEDGE AND STRESS THE IMPORTANCE OF FINANCIAL LITERACY AND RESPONSIBILITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF FAMILY FOUNDATIONS OF NORTHEAST FLORIDA, INC. IS TO MAXIMIZE THE POTENTIAL OF INDIVIDUALS AND FAMILIES.WE DO THIS BY PROVIDING FINANCIAL WELLNESS AND FAMILY AND INDIVIDUAL COUNSELING SERVICES TO ASSIST THE COMMUNITY IN BECOMING FINANCIALLY STRONGER. TO FULFILL OUR MISSION, WE INCORPORATE OUR CORE VALUES INTO PLANNING AND IMPLEMENTATION OF ALL OUR PROGRAMS. THESE VALUES INCLUDE: ACCOUNTABILITY; COLLABORATION; COMPASSION; COMMUNITY FOCUS; AND SELF-DETERMINATION.

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