Family Bonds Foundation
Nonprofit profile at a glance
- EIN
- 473410246
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021
- Location
- Plymouth, MN, USA
- Phone
- 6129979400
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Emergency Assistance
Reported finances
- Revenue
- $507,046
- Expenses
- $217,291
- Assets
- $711,382
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JACKIE FRIEDMAN (PRESIDENT)
- DONDRA RITZENTHALER (VICE PRESIDENT)
People named in this filing
- JACKIE FRIEDMAN (PRESIDENT)
- DONDRA RITZENTHALER (VICE PRESIDENT)
- NICOLE GALOWIN (SECRETARY AND TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation's mission is to support and inspire select travel advisors and suppliers, their families and their local communities, in certain circumstances, who are experiencing defined hardships.
What it reported doing in 2024
There are a lot of people within the travel industry family, more than 200,000 individual travel advisors, suppliers and individuals within their communities and some struggle with unforeseen circumstances that affect them financially. They are single parents working hard to raise a child; they are spending more than they can afford to assist their elderly parents; they are suffering from a personal setback that has affected them financially. The family bonds foundation was started to help our members when hardships arise. Each year, a small group of parents and children will be chosen from travel advisors, suppliers and their local ommunities to be awarded grants. These confidential grants will help recipients.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 94
- Accountability: 70
- Sustainability: 87
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.2%; rating input score 39
- Program expense ratio: 91.5%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 57.1%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 3.27; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 19.6% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 20.7% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 26.3% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 39.2% of revenue deployed · 91.5% of spending went to programs
- Governance: 18 of 18 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $199K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- High — Accountability: Governance controls: 4 of 6 not reported.