Friends of Folsom
Nonprofit profile at a glance
- EIN
- 810931466
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2017
- Location
- Folsom, CA, USA
- Phone
- 9162610625
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Food Programs
Reported finances
- Revenue
- $160,889
- Expenses
- $184,333
- Assets
- $10,092
- Liabilities
- $408
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JEFF GARCIA (PRESIDENT)
People named in this filing
- JEFF GARCIA (PRESIDENT)
- SARAH WOODS (TREASURER)
- MOISES ABARCA (SECRETARY)
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
Our flagship program is our annual turkey drive with close to 80,000 families fed over the last 15 years. Friends of folsom has an annual adopt a-family program for christmas that has enabled us to provide christmas gifts for several hundred families over the last few years as well. Friends of folsom does both valentines day and easter programs to benefit both youth and elderly in our home community. We are heavily involved with blessings in a backpack to ensure students in our community do not go hungry both while school is in session and when it is not. We also act as a resource during emergency events (such as fires and natural disasters) in the community as they arise. We have been able to fundraise using our network of volunteers, and have helped numerous local charities, families, individuals and causes as well as some nationally and abroad. By having no paid members we can make donations go further and make more of an impact in our community, our donors are mainly local business
What it reported doing in 2024
10,000 turkeys were donated to the sacramento food bank which were then distributed to residents in sacramento county, early november 2024. Adopted nearly 200 individuals, roughly 75-100 families that requested assistance for the holidays. Helped a veteran get a prosthetic leg and help him with the transition.
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 77% of its reported program spending out as grants.
The verdict
SUPPORTED - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 86
- Accountability: 76
- Sustainability: 22
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.7%; rating input score 100
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 88.3%; rating input score 88; 51st 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: 3 of 7 controls in place; rating input score 43
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -14.6%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -10.3% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: -11.9% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -3.4% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 99.7% of revenue deployed · 87% of spending went to programs
- Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $160K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2022 to 2024
- 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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.