Families First Parenting Programs INC FY2023 filing

Tax-deductible

Watertown, MA501(c)(3)Human ServicesEIN 04-3413397Revenue $2.1M in FY2023

On file with the IRSfamilies-first.org50 Hunt St Ste 320, 02472-4634 · Watertown, MATax-exempt since May 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Families First brings parents of young children together in their communities to strengthen their Parenting knowledge, skills, and support system.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$128K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $64K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$128K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
19
named funders · $692K
Looks good: 19 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$522K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+15% vs prior year
Spent
$2.2M
To programs
68%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
$2.1M
FY2023▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2022$1.8M
FY2023$2.1M
FY2024$2.2M
FY2025$2.2M
Expenses
$2.2M
FY2023▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$1.7M
FY2023$2.2M
FY2024$2.6M
FY2025$2.3M
Net assets
$1.6M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.7M
FY2022$1.7M
FY2023$1.6M
FY2024$1.2M
FY2025$1.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $1.5M Management & general 12% · $265K Fundraising 20% · $425K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $128K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director/Preside
$127,837Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Susan Covitz’s $150K as Executive Director/Preside is at the 73rd percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Susan Covitz$149,769$139,231$127,837$122,204$99,892

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects parents of young children to share knowledge, skills, and support.

Questions for Families First Parenting Programs INC

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2022
01

Families first partners with parents to amplify their power so they can positively impact the lives of children and communities. Through their award-winning research-based programming, families first focuses on equipping parents of young children to (1) use positive parenting strategies to promote their children's development and…

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 19 funders →
Grants paid · 7 grants · $338K · 2021–2024
Unitemized GrantFY2024$59,085
Unitemized GrantFY2024$8,750
Unitemized GrantFY2023$98,698
Unitemized GrantFY2023$11,581
Unitemized GrantFY2022$106,585
Unitemized GrantFY2022$10,200
Unitemized GrantFY2021$43,170

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$407K
Investment incomeLn 3$45K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.5M
Managementcol C$265K
Fundraisingcol D$425K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$2.1M
LiabilitiesLn 26$522K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$206K
Fees for servicesLn 2g$407K
Investment incomeLn 3$45K
Gains on assetsLn 7$17K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$111K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$134K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$340K
Total assetsLn 16$2.1M
LiabilitiesLn 26$522K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 524
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$162K$134K
InvestmentsLn 11–13$948K$1.0M
Land, buildings, equipmentLn 10c$20K$15K
Total assetsLn 16$1.8M$2.1M
LiabilitiesLn 26$176K$522K
Net assetsLn 32$1.7M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$27K$27K
Grants to domestic individualsLn 2$147K$147K
Pay of current officers, directors and key staffLn 5$130K$93K$17K$20K
Other salaries and wagesLn 7$1.2M$821K$155K$176K
Other employee benefitsLn 9$158K$120K$12K$26K
Payroll taxesLn 10$108K$83K$8K$18K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$10K$10K
Other fees for servicesLn 11g$124K$17K$2K$105K
Office expensesLn 13$10K$6K$3K$2K
Information technologyLn 14$44K$27K$6K$12K
OccupancyLn 16$124K$95K$13K$17K
TravelLn 17$18K$10K$6K$2K
Depreciation, depletion and amortizationLn 22$6K$4K$648$822
InsuranceLn 23$8K$5K$2K$298
Other expenses (24a–d)Ln 24$76K$19K$10K$47K
All other expensesLn 24e$6K$3K$2K$1K
Total functional expensesLn 25$2.2M$1.5M$265K$425K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.3M−$105K$1.1M 990 PDF
FY2024 $2.2M$2.6M−$389K$1.2M 990 PDF
FY2023 Viewing $2.1M$2.2M−$114K$1.6M 990 PDF
FY2022 $1.8M$1.7M$66K$1.7M 990 PDF
FY2021 $1.6M$1.4M$224K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,051,838 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,546,189$1,599,293
I-9 Program service revenuePrior year $168,178$407,319
I-10 Investment incomePrior year $67,622$45,226
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,781,989$2,051,838
I-13 Grants and similar amounts paidPrior year $106,864$174,188
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,195,811$1,548,232
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $413,260$443,808
I-18 Total expensesPrior year $1,715,935$2,166,228
I-19 Revenue less expensesPrior year $66,054−$114,390
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,051,838 across 7 lines filed
VIII-1e Government grants$205,884
VIII-1f All other contributions, gifts and grants$1,393,409
VIII-1h Total contributions, gifts and grants$1,599,293
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $407,319$407,319
VIII-3 Investment incomeExcluded from tax $28,020$28,020
VIII-7 Net gain or loss on sales of assetsExcluded from tax $17,206$17,206
VIII-12 Total revenueRelated to mission $407,319 · Unrelated business $0 · Excluded from tax $45,226$2,051,838
Part IX · Statement of functional expenses $2,166,228 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $27,488$27,488
IX-2 Grants to domestic individualsPrograms $146,700$146,700
IX-5 Pay of current officers, directors and key staffPrograms $92,978 · Management $17,498 · Fundraising $19,924$130,400
IX-7 Other salaries and wagesPrograms $821,318 · Management $154,571 · Fundraising $176,001$1,151,890
IX-9 Other employee benefitsPrograms $120,235 · Management $11,728 · Fundraising $25,598$157,561
IX-10 Payroll taxesPrograms $82,706 · Management $8,067 · Fundraising $17,608$108,381
IX-11c Accounting feesManagement $18,000$18,000
IX-11f Investment management feesManagement $9,792$9,792
IX-11g Other fees for servicesPrograms $16,557 · Management $2,483 · Fundraising $104,982$124,022
IX-13 Office expensesPrograms $5,901 · Management $2,856 · Fundraising $1,676$10,433
IX-14 Information technologyPrograms $26,527 · Management $5,584 · Fundraising $11,986$44,097
IX-16 OccupancyPrograms $95,080 · Management $12,722 · Fundraising $16,525$124,327
IX-17 TravelPrograms $9,923 · Management $6,278 · Fundraising $1,574$17,775
IX-22 Depreciation, depletion and amortizationPrograms $4,122 · Management $648 · Fundraising $822$5,592
IX-23 InsurancePrograms $5,371 · Management $2,008 · Fundraising $298$7,677
IX-24 Other expenses (24a–d)Programs $18,686 · Management $10,425 · Fundraising $46,889$76,000
IX-24e All other expensesPrograms $2,987 · Management $2,069 · Fundraising $1,037$6,093
IX-25 Total functional expensesPrograms $1,476,579 · Management $264,729 · Fundraising $424,920$2,166,228
Part X · Balance sheet $2,126,803 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $133,920$111,398
X-2 Savings and temporary cash investmentsStart of year $28,091$22,314
X-3 Pledges and grants receivableStart of year $569,928$480,062
X-4 Accounts receivableStart of year $90,373$73,204
X-9 Prepaid expenses and deferred chargesStart of year $31,940$38,155
X-10c Land, buildings and equipment, netStart of year $20,270$14,678
X-11 Publicly traded securitiesStart of year $948,003$1,047,111
X-15 Other assetsStart of year $15,327$339,881
X-16 Total assetsStart of year $1,837,852$2,126,803
X-17 Accounts payable and accrued expensesStart of year $110,184$104,584
X-19 Deferred revenueStart of year $16,299$17,719
X-25 Other liabilitiesStart of year $0$329,623
X-26 Total liabilitiesStart of year $176,483$521,926
X-27 Net assets without donor restrictionsStart of year $499,546$549,768
X-28 Net assets with donor restrictionsStart of year $1,161,823$1,055,109
X-32 Total net assets or fund balancesStart of year $1,661,369$1,604,877
X-33 Total liabilities and net assetsStart of year $1,837,852$2,126,803
Part XI · Reconciliation of net assets $1,604,877 net assets at year end
XI-1 Total revenue$2,051,838
XI-2 Total expenses$2,166,228
XI-3 Revenue less expenses−$114,390
XI-4 Net assets at start of year$1,661,369
XI-5 Net unrealized gains (losses) on investments$57,898
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,604,877

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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