Friends Educational Child Care Services

Nonprofit profile at a glance

EIN
770265609
IRS 990 coverage
2011–2015
Forms available
Form 990 2015
Location
Ojai, CA, USA
Phone
8056494713
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Child Day Care

Reported finances

Revenue
$1,244,421
Expenses
$1,250,127
Assets
$204,410
Liabilities
$205,896

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • MAREE FRIEND (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MAREE FRIEND (EXECUTIVE DIRECTOR): $46,800 total reported compensation
  • DAVE FRIEND (PROGRAM DIRECTOR): $42,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Friends educational child care services is to administer the child care food program within the perimeters, guidelines and requirements of title 7, code of federal regulation, the cacfp and nutrition services division. This program is to benefit all children in day care homes in educating them in proper nutrition and eating habits that will last their life time.

What it reported doing in 2015

Friends educational child care services food program inc. Sponsors day care homes to ensures children receive nutritionally adequate meals and snacks while in care. During the reporting period a total of 712,635 meals were served to children enrolled in day care homes. On an average there were 118 day care homes in the program per month.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 100
  • Accountability: 91
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.7%; rating input score 88
  • Program expense ratio: 87.3%; rating input score 87
  • 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; 74th 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: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.5%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 1.01; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 3.1% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 2.7% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 87.7% of revenue deployed · 87.3% of spending went to programs
  • Governance: 3 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $47K · 5 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2011 to 2015
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.