THE CAROL H BRICE FAMILY CENTER INC

EIN: 943123985 501(c)(3)

FAIRBANKS, AK

Total Revenue
$93,713
Total Expenses
$2,974,149
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
AK
Principal Officer
PAMELA WENTZ
Phone
9074516993
Tax Period
2022-07-01 to 2023-06-23

THE CAROL H BRICE FAMILY CENTER INC, founded in 1989, is a micro nonprofit that reported $94K in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 3074% operating deficit.

Mission

PROVIDE LOW-COST COMMUNITY FAMILY CENTERS TO SUPPORTING AGENCIES AND ORGANIZATIONS THAT EMPOWER FAMILIES AND IMPROVE THEIR QUALITY OF LIFE

Program Service Accomplishments

Program 1
Expenses: $2,953,204 Revenue: $92,616

THE CAROL H. BRICE FAMILY CENTER(CBFC)PROVIDES BELOW MARKET RENTAL SPACE TO NONPROFIT AGENCIES COMMITTED TO SERVING FAMILIES. IT IS MORE THAN A BUILDING, IT IS A COMMUNITY AND WE HELP FAMILIES...

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THE CAROL H. BRICE FAMILY CENTER(CBFC)PROVIDES BELOW MARKET RENTAL SPACE TO NONPROFIT AGENCIES COMMITTED TO SERVING FAMILIES. IT IS MORE THAN A BUILDING, IT IS A COMMUNITY AND WE HELP FAMILIES. REVITALIZING A BUILDING ORIGINALLY CONSTRUCTED IN 1971, THE CBFC ALLOWS NONPROFIT SERVICE PROVIDERS TO FOCUS ON THE PROGRAMS; THE PEOPLE THEY SERVE, THE FAMILIES AND CHILDREN THAT THEY SERVE. SUPPORT FOR THE CAROL H. BRICE FAMILY CENTER ISN'T JUST SUPPORT FOR A BUILDING, IT IS SUPPORT FOR THE FAMILIES WHO USE THIS BUILDING, SUPPORT FOR CHILDREN WHO COME HERE TO LEARN, TO RECEIVE OTHER SERVICES THAT HELP US TO HAVE HEALTHY FAMILIES. WITH NO DEBT ON THE BUILDING, AND HAVING COMPLETED SUBSTANTIAL IMPROVEMENTS TO ENSURE THE BUILDING CAN BE USED FOR MANY YEARS TO COME, CBFC DECIDED TO DISSOLVE. THE BUILDING WAS TRANSFERRED TO THE ORGANIZATION UTILIZING THE MAJORITY OF THE BUILDING FOR THE LAST NUMBER OF YEARS. SECURING THE BUILDING HELPS ENSURE THEY CAN CONTINUE TO SERVE THE FAMILIES AND CHILDREN IN THE COMMUNITY WITH EDUCATION AND SUPPORT SERVICES. CBFC DISTRIBUTED THE REMAINING FUNDS TO ORGANIZATIONS IN THE COMMUNITY THAT EDUCATE AND SUPPORT SENIORS, CHILDREN, AND FAMILIES THROUGH VARIOUS PROGRAMS AND OPPORTUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $907
Program Service Revenue $92,616
Investment Income $190
Other Revenue $0
TOTAL REVENUE $93,713

Expense Breakdown

Grants Paid $2,895,838
Salaries & Benefits $12,922
Fundraising Expenses $0
Program Expenses $2,953,204
Other Expenses $65,389
TOTAL EXPENSES $2,974,149

Year-over-Year Comparison

2022 2021 Change
Revenue $93,713 $330,050 -0.7%
Expenses $2,974,149 $298,300 +9.0%
Net Income $-2,880,436 $31,750 -91.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
9

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
$11,890
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA WENTZ PRESIDENT 0.92
Officer Director
$0 $0 $0
BEN ROTH VICE PRESIDE 0.23
Officer Director
$0 $0 $0
JAMES LYNN BAIRD SECRETARY 0.35
Officer Director
$0 $0 $0
PATTY MONGOLD TREASURER 1.15
Officer Director
$0 $0 $0
MONTE JORDAN BOARD MBR/ST 0.69
Director
$0 $0 $0
R TODD HENDERSON BOARD MEMBER 0.35
Director
$0 $0 $0
MARY CERNEY BOARD MEMBER 0.46
Director
$0 $0 $0
JAMES CERNEY BOARD MEMBER 0.46
Director
$0 $0 $0
KARL GREER EXECUTIVE DI 13.56
Officer
$11,890 $0 $11,890
BETHANY GREY BOARD MEMBER 0.92
Director
$0 $0 $0
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
2023 $93,713 $2,974,149 No data $-2,880,436
2022 $330,050 $298,300 $1,635,608 $31,750
2021 $316,597 $299,132 $1,664,585 $17,465
2020 $330,556 $325,684 $1,680,643 $4,872
2019 $361,858 $321,356 $1,714,732 $40,502
2018 $340,295 $362,380 $1,716,281 $-22,085
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