SELAMTA FAMILY PROJECT

EIN: 202199559 501(c)(3) Human Services

LAKE PLACID, FL

Total Revenue
$572,179
Total Expenses
$604,509
Total Assets
$46,895
Net Assets
$33,446
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
Principal Officer
MARISA STAM
Phone
8456610051
Tax Period
2023-01-01 to 2023-12-31

SELAMTA FAMILY PROJECT, founded in 2005, is a small nonprofit in the Human Services sector that reported $572K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

EVERY CHILD DESERVES THE LOVE OF A HEALTHY FAMILY. BUT CHILDREN WHO HAVE BEEN ORPHANED OR ABANDONED ARE OFTEN ALONE, SEPARATED FROM SIBLINGS, AND LEFT TO FEND FOR THEMSELVES IN ORPHANAGES OR ON THE STREET. SELAMTA RECREATES AND EMPOWERS FAMILIES SO THESE CHILDREN CAN GROW UP KNOWING THEIR GOD-GIVEN DIGNITY AND WORTH, HEALING GENERATIONAL BROKENNESS, AND TRANSFORMING LIVES. SELAMTA'S HOLISTIC, COMMUNITY-INTEGRATED, PERMANENT APPROACH BRINGS CHILDREN FROM INSTITUTIONS AND THE STREET INTO THE LOVING ARMS OF A HEALTHY FAMILY WHERE HOPE AND HEALING ARE FOUND.

Program Service Accomplishments

Program 1
Expenses: $508,133 Revenue: $1,200

THE NEED FOR SELAMTA'S PROGRAMS IS SIGNIFICANT. POVERTY, BROKENNESS, AND A LACK OF DOMESTIC ADOPTION IN ETHIOPIA CREATE AN URGENT NEED FOR ALTERNATIVES TO INSTITUTIONS OR LIFE ON THE STREETS...

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THE NEED FOR SELAMTA'S PROGRAMS IS SIGNIFICANT. POVERTY, BROKENNESS, AND A LACK OF DOMESTIC ADOPTION IN ETHIOPIA CREATE AN URGENT NEED FOR ALTERNATIVES TO INSTITUTIONS OR LIFE ON THE STREETS. CHILDREN OFTEN COME TO SELAMTA FROM GOVERNMENT ORPHANAGES AND INSTITUTIONS, WHERE THEY MAY BE SEPARATED FROM SIBLINGS AND LEFT TO FEND FOR THEMSELVES. OUR FOREVER FAMILIES PROVIDE A PERMANENT SOLUTION, RECREATING AND EMPOWERING FAMILIES SO THESE CHILDREN CAN THRIVE. SELAMTA IS TRANSFORMING LIVES THROUGH OUR CORE COMPETENCIES:WRAPAROUND CARE: OUR PROFESSIONAL TEAM FOCUSES ON EDUCATION, HEALTH AND WELLNESS, PSYCHOSOCIAL SUPPORT, AND SPIRITUAL DEVELOPMENT, PROVIDING THE STRUCTURE AND SUPPORT NECESSARY FOR EACH INDIVIDUAL AND FAMILY TO GROW AND ADDRESS THEIR NEEDS.COMMUNITY INTEGRATION: WE LEVERAGE THE SYSTEMS AND RESOURCES OF THE LOCAL COMMUNITY, INCLUDING SCHOOLS, CHURCHES, COMMUNITY PROGRAMS, AND MEDICAL RESOURCES, TO ENSURE OUR FAMILIES' NEEDS ARE MET. WHEN LOCAL RESOURCES ARE UNAVAILABLE, WE EXTEND BEYOND GEOGRAPHICAL BOUNDARIES TO SECURE WHAT'S NEEDED.PERMANENCY: PLACEMENT WITH A FOREVER FAMILY IS PERMANENT. EVEN AFTER A CHILD GROWS UP AND ESTABLISHES THEMSELVES, THEY ALWAYS HAVE A SUPPORT NETWORK FROM THEIR FAMILY AND SELAMTA'S PROFESSIONAL TEAM.WHILE A CULTURE OF ADOPTION IS BEING NURTURED IN ETHIOPIA, SELAMTA'S FOREVER FAMILIES STAND IN THE GAP FOR CHILDREN WHO NEED TO KNOW THE LOVE OF A FAMILY TODAY. SELAMTA FAMILY PROJECT CONTINUED TO PROVIDE INDIVIDUALIZED AND INTENTIONAL HOLISTIC CARE TO EACH CHILD AND FAMILY WE SERVE, FOCUSING ON EDUCATION, HEALTH, AND SPIRITUAL DEVELOPMENT. OUR EDUCATION TEAM DILIGENTLY WORKED TO DETERMINE THE BEST SCHOOL PLACEMENTS FOR EACH CHILD, ENSURING THEIR INDIVIDUAL NEEDS WERE MET, ALLOWING THEM TO THRIVE ACADEMICALLY. WE SUCCESSFULLY LAUNCHED 17 YOUNG ADULTS INTO INDEPENDENCE AND CONTRIBUTED TO POLICY CHANGES BY SERVING ON A SELECTIVE ADVISORY BOARD FOR A GOVERNMENT-RUN PROGRAM SUPPORTING YOUNG ADULTS TRANSITIONING OUT OF CARE. ADDITIONALLY, OUR TEAM PLAYED A PIVOTAL ROLE IN PLANNING, HOSTING, AND LEADING THE FIRST-EVER TRUST-BASED RELATIONAL INTERVENTION (TBRI) TRAINING ON THE AFRICAN CONTINENT, WITH FIVE PSYCHOSOCIAL TEAM MEMBERS BECOMING CERTIFIED TBRI PRACTITIONERS. OUR HEALTH TEAM REMAINED COMMITTED TO TREATING ACUTE AND CHRONIC CONDITIONS WHILE SECURING THE BEST CARE AND RESOURCES FOR CHILDREN WITH DISABILITIES. SPIRITUAL DEVELOPMENT WAS ALSO A PRIORITY, PROVIDING WEEKLY BIBLE STUDIES, SMALL GROUP FAITH DEVELOPMENT SESSIONS, AND INTENTIONAL PRAYER GATHERINGS, WHICH WERE CRUCIAL FOR OUR FAMILIES DURING TIMES OF CIVIL UNREST AND GLOBAL INFLATION. THROUGH THESE EFFORTS, SELAMTA HAS STRENGTHENED OUR FAMILIES, BRINGING HOPE AND STABILITY TO THEIR LIVES.SELAMTA'S COMMUNITY CENTER IS IN THE HEART OF OUR NEIGHBORHOOD. IT SERVES OUR FAMILIES, HOUSES OUR PROFESSIONAL TEAM, AND PROVIDES RESOURCES FOR THE COMMUNITY. WITH A COMPUTER LAB, LENDING LIBRARY, COUNSELING ROOM, AND FIRST AID CLINIC, SELAMTA FAMILIES KNOW WHERE TO GO AND WHOM TO CALL FOR WHATEVER THEY NEED. RECOGNIZING THE TRANSFORMATIONAL IMPACT OUR COMMUNITY CENTER'S WRAPAROUND CARE PROVIDES IN BUILDING A STRONG FOUNDATION FOR FAMILIES, OUR TEAM HAS BEGUN DEVELOPING A STRATEGY FOR A NEW COMMUNITY CENTER. THIS NEW CENTER AIMS TO SUPPORT MORE VULNERABLE FAMILIES IN OTHER PARTS OF ADDIS ABABA. EMPOWERING AND EQUIPPING OUR FAMILIES IS ALWAYS OUR FIRST PRIORITY. EVERY FAMILY NEEDS A NETWORK OF RELIABLE SUPPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $572,371
Program Service Revenue $1,200
Investment Income $213
Other Revenue $-1,605
TOTAL REVENUE $572,179

Expense Breakdown

Grants Paid $421,011
Salaries & Benefits $145,126
Fundraising Expenses $58,875
Program Expenses $508,133
Other Expenses $38,372
TOTAL EXPENSES $604,509

Year-over-Year Comparison

2023 2022 Change
Revenue $572,179 $620,639 -0.1%
Expenses $604,509 $743,038 -0.2%
Net Income $-32,330 $-122,399 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
4
Volunteers
49

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$52,173
Total Directors
8
$52,173
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARISA STAM EXECUTIVE DIRECTOR 20.00
Officer Director
$10,154 $0 $10,154
JAMES WASZ PRESIDENT 2.50
Officer Director
$0 $0 $0
ANDY BURMEISTER SECRETARY 2.50
Officer Director
$0 $0 $0
AIDAN BARRY TREASURER 2.50
Officer Director
$0 $0 $0
JIM SERPLISS DIRECTOR 2.50
Director
$0 $0 $0
LISA KONZELMAN DIRECTOR 2.50
Director
$0 $0 $0
SEYENIE YACOB DIRECTOR 2.50
Director
$0 $0 $0
JULIA ROBERTSON DIRECTOR OF PROGRAMS AND OPERATIONS 40.00
Officer Director
$42,019 $0 $42,019
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $572,179 $604,509 $46,895 $-32,330
2022 $620,639 $743,038 $93,797 $-122,399
2021 $635,433 $623,889 $193,931 $11,544
2020 $636,424 $543,286 $204,115 $93,138
2019 $528,719 $520,278 $94,739 $8,441
2018 $445,154 $407,344 $79,013 $37,810
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