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New York BBB Wise Giving Report for
Friends of Karen

A BBB Accredited charity

 



Expiration Date:
07/2016
Name:
Friends of Karen
Address:
118 Titicus Road
North Salem, NY 10560
Phone:
914-277-4547
Year, State Incorporated:
1979, New York
Affiliates:
None
Stated Purpose:
" Friends of Karen provides vital, practical and comprehensive support, at no cost, to families caring for a child with cancer or another life-threatening illness, to relieve them of everyday needs and concerns in order to keep them stable, functioning and able to cope. "





Evaluation Conclusions
 

              
Friends of Karen meets the 20 Standards for Charity Accountability.




Programs
 

              
Friends of Karen provides emotional, financial and advocacy support to families in the New York Tri-State Region caring for a child with cancer or another life-threatening illness. The Family Support Program offers individualized case management provided by a team of experienced, professional social workers. This program includes emotional support, including supportive services, bereavement support and a Sibling Support program. Also, financial support is available 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 travel 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 gift program; Back-to-School supplies and clothing; Annual Memorial Ceremony for bereaved families; Supermarket gift cards; and Birthday Gifts.



Governance
 

              
Chief Executive Officer:
Ms. Judith R. Factor, Executive Director
Compensation*:
$186,057
Chair of the Board:
Ms. Pamela S. Hervey
Board Size:
15
Paid Staff Size:
25



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




Fund Raising
 

              
Method(s) Used:


Direct mail and email appeals, invitations to fundraising events, grant proposals, internet/social media, planned giving, and monthly donation program.
Fund raising costs were 11.2% of related contributions. (Related contributions, which totaled $3,219,789, 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, 2013.

Source of Funds  

Special Events

$1,476,035

Contributions (including in-kind revenue of $389,821)

1,133,794

Grants

919,600

Less Direct Cost of Special Events (including in-kind expense of $102,305)

(309,640)

Total Income

$3,219,789

Program Expenses  

Family Support

$2,456,010

Public Education

379,956
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

2,835,966
361,548
306,962

$3,504,476

$(284,687)




Uses of Funds as a % of Total Expenses


Programs: 81%  Fund Raising: 10%  Administrative 9% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $5,434,401
347,355
Ending net assets 5,497,069
Total liabilities 178,316

Total assets

$5,675,385






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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