The Family Resource Center EIN 20-5089275

The Family Resource Center

EIN  20-5089275 Public charity (501(c)(3)) Sterling, CO
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports healthy children and strong families through education, resources, and referrals.
Leadership
Mike White · President/Tr
Money in and out
$654K revenue, $644K expenses
Bottom line
91% program efficiency

Supports healthy children and strong families through education, resources, and referrals. For fiscal year 2024 it reported $654K in revenue, $644K in expenses, and $982K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$654K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$982K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
15.7mo
months of highly liquid reserves at operating expense rate▲ +34% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▲ +104% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$654K
FY2024▲ +23%
Expenses
$644K
FY2024▼ -13%
Total assets
$1.2M
FY2024▲ +13%
Total liabilities
$192K
FY2024▲ +78%
Total revenue
$654K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$982K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $586K of program spending, described in the organization's own filed words · FY2024.
01

Family Support

Family support encompasses several services within family resource center. Supervised visitation and safe exchanges make it possible for a child to maintain a relationship with both parents under the supervision of a professional and in a safe and neutral setting.

$263Kprogram expense
02

Youth Development

Game plan for success, a program of family resource center, supports middle school and high school age youth. Family resource center coaches and supports youth by implementing why try lessons. Why try is a nationally known, evidence-based program composed of weekly meetings of teens in which they learn valuable, healthy life skills.

$186Kprogram expense
03

Parent Education

Family resource center provides incredible years, first five years, nurturing parenting and nurturing fathers parenting classes. Each class enrolls 25-30 parents. Each class is supported by a meal and child care at no cost to the participant. Community churches donate and serve meals for some sessions and staff prepare meals for others.

$136Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Family Resource Center
EINHdr · item D20-5089275
Principal addressHdr · item CSterling, CO
WebsiteHdr · item Jfrcsterling.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P40)
Ruling yearIRS BMFDec 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Tr
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$624K · 95%
Program service revenue$18K · 3%
Other revenue$10K · 2%
Contributions & grants95%$624K
Program service revenue3%$18K
Other revenue2%$10K
Investment income$3K
— government grantsLn 1e$311K
Total revenueLn 12$654K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$586K
Management & general9%$59K
Total functional expensesLn 25$644K

Balance Sheet

Part X · end of year
CashLn 1$508K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$192K
Total net assetsLn 32$982K
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $842K · Operating expenses (Pt IX) $644K · Less non-cash grants $30 · Cash operating expenses/yr $644K
15.7 months
Where the money goes
Program services
Program services $586K · Total expenses $644K
91%
Management & General
Management & general $59K · Total expenses $644K
9%
Fundraising
Fundraising $0 · Total expenses $644K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $583 · Solicited contributions (3-yr avg) $338K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $624K · Total revenue $654K
95%
Government reliance
Government grants $311K · Total revenue $654K
48%
Earned-income share
Program service revenue $18K · Total revenue $654K
3%
Investment reliance
Investment income $3K · Total revenue $654K
0%
Program self-sufficiency
Program service revenue $18K · Total expenses $644K
3%
Growth & trend
Revenue growth (YoY)
This year $654K · Prior year $533K
+23%
Revenue CAGR
FY2020 $706K · FY2024 $654K
-2%
Net-asset trend (YoY)
End of year $982K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $654K · Expenses $644K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $982K · Total assets $1.2M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $334K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
28%
People & payroll
Highest Reported Total Compensation
Individual Mike White · Reported title PRESIDENT/TR · Highest reported compensation $0 · Total expenses $644K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $338K · Total expenses $644K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth 23%
Investment management fee ratio 0%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 4 grants · $39K · 2020–2023
Unitemized GrantFY2023$15,140
Unitemized GrantFY2022$6,651
Unitemized GrantFY2021$10,169
Unitemized GrantFY2020$7,031

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$654K revenue · viewing · ⤓ 990 PDF
FY2023$533K revenue · ⤓ 990 PDF
FY2022$751K revenue · ⤓ 990 PDF
FY2021$796K revenue · ⤓ 990 PDF
FY2020$706K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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