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New York BBB Wise Giving Report for
Friends of Karen

A BBB Accredited charity

 


Expiration Date:
07/2014
Name:
Friends of Karen
Address:
P.O. Box 190
118 Titicus Road
Purdys, NY 10578
Phone:
914-277-4547
Year, State Incorporated:
1979, New York
Affiliates:
None
Stated Purpose:
" Friends of Karen provides the support families need to stay stable and strong throughout the course of their child's critical illness and, if the child dies, through the bereavement process. "





Evaluation Conclusions
 

               
Friends of Karen meets the 20 Standards for Charity Accountability.




Programs
 

               
Friends of Karen provides financial, emotional and advocacy support to families that are caring for children with terminal and life-threatening illnesses. The Family Support Program offers individualized case management provided by a team of experienced, professional social workers. This program includes emotional support, including supportive counseling, bereavement support and a Sibling Support program. Also, financial support is given which helps families cover illness-related and basic living expenses that become unmanageable when a parent leaves work to care for a sick child. The financial support program also helps cover the cost of childcare for siblings and hospital travels and meals. Moreover, advocacy support is included to ensure families have access to all available benefits from government and other agencies; support from other organizations; pro bono legal counsel; and help with educational needs. Other important programs are: Holiday Adopt-a-Family; Back-to-School; Annual Candle Lighting Ceremony for bereaved families; Supermarket Food Cards; and Birthday Gifts.



Governance
 

               
Chief Executive Officer:
Judith R. Factor, Executive Director
Compensation*:
$180,250
Chair of the Board:
Beth Leventhal
Chair's Profession / Business Affiliation:
President
Board Size:
14
Paid Staff Size:
22



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

               
Method(s) Used:

Direct Mail Appeals, Invitations to Fund Raising Events, Grant Proposals, Internet.
Fund raising costs were 8.9% of related contributions. (Related contributions, which totaled $2,993,059, are donations received as a result of fund raising activities.)




Tax Status
 

               
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

               
The following information is based on Friends of Karen's Audited Financial Statements for the fiscal year ended March 31, 2011.

Source of Funds  

Special Events

 $1,228,930

Contributions (including in-kind revenue of $406,663)

 1,216,624

Grants

 845,693

Investment income

 466,051

Less direct cost of special events (including in-kind expense of $243,051)

 (298,188)
Total Income
$3,459,110

Program Expenses  

Family Support

$2,182,926

Public Education

371,886
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Total expenses

Income in Excess of Expenses

 2,554,812
267,707
264,070
$3,086,589

$372,521



Uses of Funds as a % of Total Expenses


Programs: 83%  Fund Raising: 9%  Administrative 9% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $5,128,760
Ending net assets 5,501,281
Total liabilities 140,461
Total assets
$5,641,742






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.