Friends of the Children - Sf Bay Area
Nonprofit profile at a glance
- EIN
- 813921100
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- San Francisco, CA, USA
- Phone
- 4154004998
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $4,810,750
- Expenses
- $3,401,680
- Assets
- $5,547,975
- Liabilities
- $1,248,049
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- TIMOTHY WATERS (FORMER EXECUTIVE DIRECTOR)
- SUSAN CORLETT (EXECUTIVE DIRECTOR)
Highest reported compensation
- SUSAN CORLETT (EXECUTIVE DIRECTOR): $175,159 total reported compensation
- TIMOTHY WATERS (FORMER EXECUTIVE DIRECTOR): $174,421 total reported compensation
- FREDERIQUE CLERMONT (PROGRAM DIRECTOR): $124,970 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Friends of the children-sf bay area (friends-sf) effects generational change by empowering youth facing the greatest obstacles, providing them with long-term relationships with full-time, salaried professional mentors.
What it reported doing in 2024
Friends-sf intentionally enrolls children facing the greatest challenges, pairs them with a highly trained, mentoring professional, and commits to walking alongside them, supporting their healthy growth and development from kindergarten through high school graduation. Professional mentors implement research-based interventions that foster the development of key prosocial and developmental competencies that children need to mitigate the trauma caused by systemic divestment and generational poverty. Children receive weekly support from their mentor, who helps them create and reach short and long-term academic and developmental goals. Mentors are a bridge between school staff and caregivers, acting as a consistent advocate for the child through transitions in school, housing, and across their community. They ensure that the child's needs and interests remain the focus among the people and systems with which they interact.
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
- 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54%; rating input score 54
- Program expense ratio: 75.7%; rating input score 76
- Fundraising efficiency: $9.7 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 29.3%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 1.63; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 14%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 16.4% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 15.5% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 24% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 54% of revenue deployed · 75.7% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $175K · 20 people listed · 2 of 6 pay-setting controls reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Officer compensation ratio scored 21/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.