Foundation for Children in Need
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Foundation for Children in Need meets the 20 Standards for Charity Accountability.
Child sponsorship
FCN works in the states of Andhra Pradesh and Telangana in India, offering two sponsorship programs: one is hostel-based and the other is student-based. The hostel-based (boarding home), is when children come from different villages and are provided with education, food, clothing, medical care, and housing. The student-based sponsorship is where disbursement of funds are made directly to the student's account. FCN staff and social workers guide the students to use the funds properly. Children and students write letters in Telugu, a local language, or in English. The letters written in Telugu are translated into English and are sent to the sponsors. FCN staff, social workers, and teachers assist in writing letters. A sponsor is welcome to write letters to their sponsored individual, and may send photos and greeting cards. Sponsors are also welcome to visit their sponsored children, and should contact FCN to make arrangements. Sponsorships cost $240 per year.
Stated Purpose:
"to provide help to needy children, college students, and the elderly in the rural villages of India."
Year, State Incorporated:
2002, IL
Foundation for Children in Need (FCN) works in the rural states of Andhra Pradesh and Telangana in India. The organization offers two sponsorship programs: one hostel-based and the other student-based. FCN also addresses humanitarian needs such as medical care, health education, and women's health. The organization reports that it provides grants for cleft lip surgeries, clothing, school supplies, home maintenance, medical help, gifts, and tailoring training and sewing machines. In 2023, FCN reports that it provided sponsorship support for 1,800 children and college students, and elderly and physically challenged individuals. The organization also assisted with 235 cleft lip surgeries.
For the year ended March 31, 2024, Foundation for Children in Need's program expenses were:
Program expenses: $936,889
Total Program Expenses: $936,889
Chief Executive
Geetha Yeruva, M.D., President and Chief Executive Officer
Compensation*
$25,500
Chair of the Board
Ken Overholt
Chair's Profession / Business Affiliation
Retired, Certified Public Accountant
Board Size
7
Paid Staff Size
4
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Internet, Radio
Fundraising costs were 1% of related contributions. (Related contributions, which totaled $1,397,633, are donations received as a result of fundraising activities.)
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.
The following information is based on Foundation for Children in Need's audited financial statements for the year ended March 31, 2024.
Source of Funds
| Contributions and appeals | $1,397,633 |
| Investment income | $28,074 |
| Total Income | $1,425,707 |
Programs: 96% Fundraising: 2% Administrative: 2%
| Total Income | $1,425,707 |
| Total expenses: | $976,232 |
| Program expenses | $936,889 |
| Fundraising expenses | $19,280 |
| Administrative expenses | $20,063 |
| Other expenses | $0 |
| Income in Excess of Expenses | $449,475 |
| Beginning Net Assets | $1,273,488 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $1,722,963 |
| Total Liabilities | $0 |
| Total Assets | $1,722,963 |
An organization may change its practices at any time without notice. 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. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Review in Progress
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Report completed by:
BBB Wise Giving Alliance