Sibs Place Inc

What it reported doing in 2024

Professional mental health staff foster resiliency through the encouragement of peer support and creative arts activities. During a traumatic family experience, it is important for the well child to identify their feelings through increased self-expression and coping skills. With each program experience, the organization strives to provide participants with the opportunity for healthy growth and development. The door is open to all children no matter what hospital is treating their loved one. Peer support groups to address issues of anticipatory grief are offered twice weekly. Parent support groups are available twice a week because each member of a family is impacted by traumatic illness. A 6-week summer camp experience, bereavement services and a monthly pre-teen and teen group are offered to support our sibs place, inc. (survivorship in brothers and sisters, "sibs place") families effectively. Sibs place is a donor-funded program, and serves a population that has been historically underserved, at no cost to the families. The program only program of its kind in the united states, it has provided 257 child and parent participant visits benefitting 85 families during the twelve months ended december 31, 2024. Serious illness and death of a loved one takes its toll on the body, mind and soul of families. How parents and siblings cope with this life altering experience shapes future family dynamics. The reality is, when one family member has a devastating illness and when there is a loss, the well child suffers too. Often, families who have a devastatingly ill loved or who are coping with a death, one are too distracted to focus on the needs of the children in the home. It is a difficult reality for all the family members. At sibs place we provide a supportive and nurturing environment where children can come together and through play, art and music therapies learn coping skills that will help them lead more effective lives today, and in their future. During programming, using the sibs place model, we address the children's needs through the following peer support activities: 1. Art group-facilitated by creative arts therapist and mental health professionals. 2. Verbal groups - facilitated by licensed mental health professionals - included age-appropriate group discussions- teen and pre-teen - psycho-education. 3. Homework assistance- support is provided by trained volunteers including retired teachers. 4. Parents support groups- facilitated by mental health professionals. 5. Community meal- each program evening. 6. Additional events include: -peer engagement and empowerment activities - parenting & wellness workshops. 7. Camp sibs- six weeks of on an off-site summer activities program.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 90.4%; rating input score 90
• Fundraising efficiency: $8.3 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 90%; rating input score 90; 24th percentile among comparable filings
• Governance controls: 5 of 9 controls in place; rating input score 56
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -50%; rating input score 5; 5th percentile among comparable filings
• Total-asset coverage ratio: 3.86; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0.83; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 16.1%; rating input score 23; 23rd percentile among comparable filings

Growth

• Program expense growth: 10% per year; rating input score 100; 70th percentile among comparable filings
• Revenue growth: -0.3% per year; rating input score 0; 23rd percentile among comparable filings
• Asset growth: 29.5% per year; rating input score 100; 91st percentile among comparable filings