Foster Friends of North Carolina
Nonprofit profile at a glance
- EIN
- 651253675
- IRS 990 coverage
- 2012–2012
- Forms available
- Form 990 2012
- Location
- Greensboro, NC, USA
- Phone
- 3368349919
- Rating confidence
- Limited
- Sector
- Public Foundations
Reported finances
- Revenue
- $127,388
- Expenses
- $128,467
- Assets
- $138,956
- Liabilities
- $3,773
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Foster friends of North Carolina is committed to brightening the lives of children in foster care.
What it reported doing in 2012
Various other programs include art & essay contests in which art projects created by the children are auctioned off to raise money, and an awards program to honor deserving children.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 92
- Accountability: 10
- Sustainability: 43
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.8%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 1.08; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 9.1%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $95K in reported program spending
- Leadership: top reported pay $12K · 4 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 40/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.