The Carol H Brice Family Center Inc

Nonprofit profile at a glance

EIN
943123985
IRS 990 coverage
2009–2022
Forms available
Form 990 2022
Location
Fairbanks, AK, USA
Phone
9074516993
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Neighborhood Centers

Reported finances

Revenue
$93,713
Expenses
$2,974,149
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • PAMELA WENTZ (PRESIDENT)

Highest reported compensation

  • KARL GREER (EXECUTIVE DI): $11,890 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide low-cost community family centers to supporting agencies and organizations that empower families and improve their quality of life

What it reported doing in 2022

The carol h. Brice family center(cbfc)provides below market rental space to nonprofit agencies committed to serving families. It is more than a building, it is a community and we help families. Revitalizing a building originally constructed in 1971, the cbfc allows nonprofit service providers to focus on the programs; the people they serve, the families and children that they serve. Support for the carol h. Brice family center isn't just support for a building, it is support for the families who use this building, support for children who come here to learn, to receive other services that help us to have healthy families. With no debt on the building, and having completed substantial improvements to ensure the building can be used for many years to come, cbfc decided to dissolve. The building was transferred to the organization utilizing the majority of the building for the last number of years. Securing the building helps ensure they can continue to serve the families and children in the community with education and support services. Cbfc distributed the remaining funds to organizations in the community that educate and support seniors, children, and families through various programs and opportunities.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 98% 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: 89
  • Transparency & Controls: 93
  • Accountability: 79
  • Sustainability: 4
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.3%; rating input score 99
  • 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; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3,073.7%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.4%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 33.5% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: -2.8% per year; rating input score 0; 53rd percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 33rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3M in reported program spending
  • Leadership: top reported pay $12K · 10 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 13 filing years from 2009 to 2022
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • 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 — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.