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Health : Patient and Family Support

Friends of Karen

A children's charity

four stars

90.16

118 Titicus Road North Salem, NY 10560
tel: (914) 277-4547   Web Site
EIN: 14-1612290

Board Leadership
Paul Smadbeck
President

CEO
Judith R. Factor
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 90.16 four stars
  Financial 86.09 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 04/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Founded in 1978, Friends of Karen provides vital, practical and comprehensive support, at no cost, to families caring for a child with a life-threatening illness. Friends of Karen achieves its mission by providing direct financial assistance with medical care, illness-related expenses and household expenses that families cannot afford due to loss of income as a result of their child's illness; serving as an advocate for the sick child and her/his family with government and private agencies; providing a Sibling Support Specialist to help youngsters better understand and cope with their sister's/brother's illness; investigating resources available to the child and his/her family; offering bereavement support for parents who have lost a child and for siblings who have lost a brother or sister; assisting families through the difficult maze of health insurance; and acting as a referral source and providing guidance to families with ill children outside our guidelines.

Founded in 1978, Friends of Karen provides vital, practical and comprehensive support, at no cost, to families caring for a child with a life-threatening illness. Friends of Karen achieves its mission by providing direct financial assistance with medical care, illness-related expenses and household expenses that families cannot afford due to loss of income as a result of their child's illness; serving as an advocate for the sick child and her/his family with government and private agencies; providing a Sibling Support Specialist to help youngsters better understand and cope with their sister's/brother's illness; investigating resources available to the child and his/her family; offering bereavement support for parents who have lost a child and for siblings who have lost a brother or sister; assisting families through the difficult maze of health insurance; and acting as a referral source and providing guidance to families with ill children outside our guidelines.

Impact Information

This charity has reported a measure of cost-effectiveness: how much impact (per dollar) your donation will have on the charity's social outcome. The cost-effectiveness calculation was performed using protocols developed by ImpactMatters, an independent auditor of philanthropic impact.

For nonprofits that run multiple programs, we highlight the impact of one program below.  Learn More about Impact Information.
Program Name: Friends of Karen
Program Activities
Friends of Karen provides financial assistance to patients with life-threatening, chronic or rare diseases.
Impact Statement
$2,000 provides $1,100 in financial assistance to a patient.
Impact Assessment
3/5
Assessment Benchmark
Impact assessments of financial assistance to patients programs are based on income generated relative to cost. Programs receive a 5/5 assessment if they increase income for a recipient by more than $1.50 for every $1 spent and a 4/5 assessment if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a 3/5 assessment.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Friends of Karen.
Data Source
Output data collected during the program. Friends of Karen publicly reports data on the dollar value of all financial assistance provided to patients, which we use to calculate the additional income received.
Method for Attributing Outcomes
We estimate the dollar amount of financial assistance attributable to the nonprofit by comparing the financial assistance given by the nonprofit to the financial assistance that would have been provided in the absence of the nonprofit (the “counterfactual”). In this case, we estimate the counterfactual to be zero based on two assumptions. First, we assume there is functionally no upper limit to the amount of cash transfers that continue to be valuable to patients as they are far from reaching the point of diminishing marginal returns, such that aid provided by one nonprofit does not displace aid provided by another. Second, we assume that nonprofits work independently and do not coordinate the provision of aid to the same patient. As a result, all aid provided by the nonprofit to patients with medical conditions can be directly attributable to the nonprofit.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of April 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

86.09

Accountability & Transparency

four stars

100.00

This rating was published 04/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
78.0%
  Administrative Expenses 8.2%
  Fundraising Expenses 13.7%
  Fundraising Efficiency $0.14
  Working Capital Ratio (years) 1.46
  Program Expenses Growth 3.1%
  Liabilities to Assets 2.0%
All data for Financial Performance Metrics calculations was provided by Friends of Karen on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Friends of Karen on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Friends of Karen (NY) 90.16 four stars
Ronald McDonald House Charities of Eastern Iowa and Western Illinois (IA) 91.54 four stars
Ronald McDonald House Charities of Western Washington & Alaska (WA) 90.00 four stars
Pet Partners (WA) 93.05 four stars
Turning Pointe Autism Foundation (IL) 93.91 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,985,500
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,669,790
   Related Organizations $0
   Government Grants $30,000
Total Contributions $3,685,290
   Program Service Revenue $0
Total Primary Revenue $3,685,290
   Other Revenue $58,231
TOTAL REVENUE $3,743,521
   
EXPENSES  
   Program Expenses $3,202,271
   Administrative Expenses $345,688
   Fundraising Expenses $589,670
TOTAL FUNCTIONAL EXPENSES $4,137,629
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-394,108
   
Net Assets $5,878,405

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Family Support Program $3,202,271 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-03 04/01/2020 90.16 four stars
2018-03 06/01/2019 89.76 three stars
2017-03 06/01/2018 89.74 three stars
2017-03 05/01/2018 88.61 three stars
2016-03 05/01/2017 97.12 four stars
2015-03 06/01/2016 95.88 four stars
 
CN 2.0
2014-03 07/01/2015 93.26 four stars
2013-03 02/01/2014 93.89 four stars
2012-03 05/01/2013 93.02 four stars
2011-03 05/01/2012 97.46 four stars
2010-03 09/20/2011 98.67 four stars
 
CN 1.0
2010-03 06/01/2011 98.13 four stars
2009-03 07/01/2010 97.94 four stars
2008-03 02/01/2009 98.38 four stars
2007-03 06/01/2008 87.08 three stars
2006-03 04/01/2007 85.73 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 14-1612290
Name in IRS Master File FRIENDS OF KAREN INC
NTEE Code E80
NTEE Classification Health, General and Financing
NTEE Type Health - General and Rehabilitative
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1983
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End March
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • March, 2018
  • March, 2017
  • March, 2016
  • March, 2015
  • March, 2014
Compensation % of Expenses Paid to Title
$197,760 4.77% Judith Factor Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Friends of Karen (NY) 90.16 four stars
The CT Challenge (CT) 86.69 three stars
Ronald McDonald House Charities of Central Indiana (IN) 85.54 three stars
Locks of Love (FL) 90.94 four stars
Ronald McDonald House Charities of the Ozarks (MO) 86.45 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Friends of Karen
118 Titicus Road
North Salem, NY 10560
tel: (914) 277-4547
fax: (914) 277-4967
EIN: 14-1612290

Visit Web Site

Board Leadership

Paul Smadbeck
President

CEO

Judith R. Factor
Executive Director

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