Annual Report. January 1, 2010 June 30, 2010

Transcription

1 Annual Report January 1, 2010 June 30, 2010

2 What Will You Start? start something What if every child fulfills his or her potential? What if every child is set on the right path today? What if every child in America graduates high school and college, and gives back to his or her community? What will that start? It will be the start of something BIG. Every time you donate money or time to Big Brothers Big Sisters to help a child reach his or her potential, you Start Something. 2 Cover: Big Sister Zorina helps Little Sister Deva with school work. 3 Inside: Big Brother John Paul and Little Brother Edgar visit the library.

3 Letter from the CEO Letter from the CEO Dear Supporter, It is an honor to provide you with Big Brothers Big Sisters of America s January 1, 2010 to June 30, 2010 annual report. In 2010, we changed our fiscal year from a calendar year to July 1 June 30 to better reflect our revenue and expense cycle. Changing our fiscal year has enabled an enhanced business and budget planning process. A full annual report covering July 1, 2010 to June 30, 2011 will be issued for our next fiscal year. Thank you to our valuable partners, generous donors, and dedicated volunteers who support our mission to change children s lives for the better, forever. You stood with us in 2010 to Start Something for children facing adversity. You made it possible to provide children with caring adult role models that broaden their perspectives on what can be achieved by making positive choices. You helped improve communities and made America a stronger nation. In 2010, with your support, we continued our focus on starting and sustaining the strongest match relationships possible. The longer a child is matched with a caring volunteer, the more positive the outcomes. That is why we pay special attention to the length of each relationship. We are proud that the average length of both Community-Based and School-Based matches increased between January 1 and June 30, You should be exceptionally proud of everything you help Big Brothers Big Sisters accomplish. Please accept sincere and heartfelt thanks on behalf of those children that we serve, and those that we strive to serve. Regards, Karen J. Mathis President and Chief Executive Officer Big Brothers Big Sisters of America Little Sister Deva and Big Sister 4 Zorina take time out after soccer 5 to converse on the steps.

4 Mission Statement 85% of former Littles surveyed agree that their experience has influenced them in having confidence in their abilities. Our vision is that all children achieve success in life. Our mission is to provide children facing adversity with strong and enduring, professionally supported one-to-one relationships that change their lives for the better, forever. We partner with parents/guardians, volunteers, and others in the community and hold ourselves accountable for each child in our program achieving: Higher aspirations, greater confidence, and better relationships Avoidance of risky behaviors Educational success 6 Big Brother Jesse helps Little Brother Jonathan play a tune on the guitar. 7

5 Real Life Stories Little Sister Nia Aspires to Attend College Little Sister Nia and Big Sister Rosette share their favorite paintings with each other on the bleachers. One of the many hopes of every parent is for his or her child to have the opportunity to explore new horizons with someone who could be a positive influence in that child s life. That was exactly why in 2007 Suzan, a single Mom with a disability, sought the assistance of Big Brothers Big Sisters for her daughter, Nia. Because of my disability, I can t do as much for my daughter as I would like. The program allows Nia to get out of her neighborhood and see and experience new things. Big Brothers Big Sisters is a positive force. Now, over three years later, Rosette echoes Suzan s hopes, I want for Nia to know there are so many opportunities available for her. I also want her to be a positive influence on her younger brothers who now also have Bigs. Litte Sister Nia understands why her mom felt she needed a mentor and says, Rosette helps expand my view of the world and what I can achieve. I now have different dreams and aspirations. I want to attend college and study psychology. With the support of donors, Big Brothers Big Sisters was able to pair Nia with Big Sister Rosette, a high school teacher. Rosette describes just clicking on her first meeting with Little Sister Nia. In fact, they found that they clicked on many levels, including an interest in photography, when Rosette brought a camera to their first meeting and they spent their time taking pictures. Both Rosette and Suzan credit Umecka, their Big Brothers Big Sisters Match Support Specialist, for helping them maintain open lines of communication. Rosette and Nia get together at least three times each month and engage in a variety of activities including attending movies and just enjoying some good girl talk. 8 9

6 Letter from the CEO Partnering for Success Big Brothers Big Sisters is committed to enhancing our role in being a part of a collaborative system of support that leads to positive outcomes for America s youth. We partner with families, donors, volunteers, schools, government, and other organizations to provide children facing adversity with the tools they need to not only succeed, but thrive. Research demonstrates that Big Brothers Big Sisters helps children stay in school and out of trouble. To ensure we are able to effectively and efficiently address children s needs long into the future, we are focusing on building and strengthening our relationships with key educational and juvenile justice partners. Together we will create stronger families, better schools, and safer communities. 90% of former Littles surveyed agree that their Big helped them make better choices throughout their childhood 10 Little Brother Jack looks up to his Big Brother Matt, 11 a firefighter in New York City.

7 Program Highlights Big Brothers Big Sisters impacted the lives of nearly 180,000 children facing adversity between January 1, 2010 and June 30, 2010 through our two core programs: Community-Based and School-Based mentoring. Gender Girls 55% Boys 45% We know that the longer a child is matched with a caring mentor in our program, the greater the impact on that child s life. We are proud that between January and June we saw an increase in the average length of each match relationship, as well as increases in other major milestones, including the six month retention rate and twelve month retention rate. However, there is always more work to be done. We continue to enhance our School-Based Mentoring program to bridge the out-ofschool months by encouraging communications during the summer to strengthen the relationship and enable it to continue into the next school year. Average Match Length Some Other Race 2.3% Ethnicity Multi-Race 8.2% American Indian or Alaska Native 1.4% White 30.8% Hispanic 17.3% years old 3.1% Asian/Native Hawaiian or Other Pacific Islander 1.4% Black 38.6% 22.9 Months Age years old 14.9% years old 19.9% years old 41.7% 4-9 years old 20.4% 5 Community-Based School-Based 12 January - June 2009 January - June 2010 Little Brother Iman and Big Brother Omar look through a book on soccer. 13

8 Program Highlights For more than 100 years, Big Brothers Big Sisters has operated under the belief that inherent in every child is the ability to succeed and thrive in life. Most children served by Big Brothers Big Sisters are in single-parent and low-income families or households where a parent is incarcerated. Big Brothers Big Sisters also targets underserved communities including children of military families and African-American, Hispanic, and Native American communities. These programs are made possible because of the partnerships we share with parents/guardians, schools, and community members. One program for which we expanded partnerships between January 1 and June 30, 2010 is African American Mentoring. A disproportionate number of the boys ready and waiting to be matched with a Big Brother are African American. In an effort to recruit more African American volunteers, especially men, we partnered with urban radio personality Michael Baisden during his 72-city One Million Mentors Campaign to Save Our Kids; expanded our partnerships with African American fraternities which now include Alpha Phi Alpha, Kappa Alpha Psi, and Omega Psi Phi; and developed a partnership with the African Methodist Episcopal Church. 90% of former Littles surveyed agree that their Big provided stability when they needed it. 14 Right: Little Brother Raequan jumps for joy after a visit to the library with his Big Brother Kevin. Left: Michael Baisden with members of Big Brothers Big Sisters of America. 15

9 Real Life Stories Little Brother Andrew builds his confidence Little Brother Andrew and Big Brother John take a break from their game of catch to pose for the camera. Margaret, a former soldier in the U.S. Army, recognized that her son Andrew needed the steady influence of a man in his life. Andrew s dad died when he was only 9 years old. That is when Margaret called Big Brothers Big Sisters. Big Brothers Big Sisters found the perfect match when they paired Andrew with John, an insurance broker. John first became interested in Big Brothers Big Sisters through a colleague who was a board member of the local organization. According to John, It s more than what I hoped for, it s one of the best things in my life and I highly recommend it to others. John, who grew up in a single Mom household, understood the importance he could have in Little Brother Andrew s life. John and Andrew frequently hike trails surrounding where they live. Little Brother Andrew, a self-proclaimed science buff, can name just about every tree and plant. With John s help, Andrew even became one of the few Boy Scouts in the country to complete every activity in his handbook. According to Margaret, she has seen a remarkable change in Andrew since his first meeting with John. I understand that at age 11 Andrew is still finding himself. However, he is communicating much better and is more confident when speaking. Andrew has even decided he wants to follow in his parent s footsteps and join the military one day

10 Letter from the CEO National Board of Directors National Board Chair Greg Page Chairman and Chief Executive Officer, Cargill, Inc. Edward B. Rudner President & CEO, Online Vacation Center 83% of former Littles surveyed agree that their Big instilled values that have guided them through life. Michael Angelakis Chief Financial Officer, Comcast Corporation Steven L. Schwartz President & CEO, Tennis Corporation of America Jody Bilney (Chair ) Executive Vice President & Chief Brand Officer, OSI Restaurant Partners, LLC Frank Bracken (Immediate Past Chair) Former President & COO, Haggar Clothing Company William W. Bill Hanna President (Retired), Koch Industries, Inc. William Hybl Chairman and Chief Executive Officer of El Pomar Foundation Brian Jackson (Chair Elect) Former EVP, Chief Financial and Administrative Officer, CoBank Karen J. Mathis President & CEO, Big Brothers Big Sisters of America James J. O Brien Chairman & CEO, Ashland, Inc. Frances Rubacha James F. Singleton CEO, Singleton Associates Elizabeth Smith CEO, OSI Restaurant Partners, LLC Kate Snow NBC News Lynn Swann (Chair ) President, SWANN, Inc. Robert Taylor President & CEO, Do It Best Corp. Beverly Benz-Treuille President, Big Brothers Big Sisters International Fernando Vigil Director, Bain Capital Ventures Kevin Warren President US Solutions Group, Xerox Corporation Robert L. Wood (Chair ) Former Chairman, President & CEO, Chemtura Corporation 18 Little Sister April and Big Sister Lorane enjoy fishing on a sunny day. 19

11 Letter from the CEO Financial Statements Statement of Financial Position June 30, 2010 Report of Independent Auditors To the Board of Directors: In our opinion, the accompanying statement of financial position and the related statements of activities, cash flows and expenses by functional area present fairly, in all material respects, the financial position of Big Brothers Big Sisters of America (the Organization) at June 30, 2010, and the changes in its net assets and its cash flows for the six months then ended in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Organization s management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit of these statements in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. February 25, 2011 February 25, 2011 ASSETS JUNE 30, 2010 CURRENT ASSETS Cash and cash equivalents $1,124,395 Cash and cash equivalents - restricted 2,696,625 Accounts receivable from affiliated agencies (net of allowance for doubtful accounts of $60,000) 1,415,615 Contributions receivable 5,727,396 Investments 2,632,005 Prepaid expenses and other assets 142,975 13,739,011 CONTRIBUTIONS RECEIVABLE, LONG TERM 1,179,795 PROPERTY AND EQUIPMENT 463,014 INVESTMENTS Long term investments 2,787,069 Endowmnent investments 244,768 TOTAL ASSETS $18,413,657 LIABILITIES AND NET ASSETS CURRENT LIABILITIES Grants payable to local agencies $2,360,469 Deferred affiliate dues revenue 1,890,954 Accounts payable and accrued expenses 805,495 TOTAL LIABILITIES 5,056,918 NET ASSETS Unrestricted 1,509,117 Temporarily restricted 11,603,678 Permanently restricted 243,944 TOTAL NET ASSETS 13,356,739 TOTAL LIABILITIES AND NET ASSETS $18,413,

12 Letter from the CEO Financial Statements Statement Of Activities Six Months Ended June 30, 2010 Statement Of Cash Flows Six Months Ended June 30, 2010 Unrestricted Temporarily Permanently Total Restricted Restricted PUBLIC SUPPORT AND REVENUES Public support Contributions and grants $3,181,879 $1,433,244 $ - $4,615,123 Government funding ,181,879 1,433,244-4,615,123 Revenues Membership fees 1,406,693-1,406,693 Investment income (loss) 9,399 80,796-90,195 Other income 459, ,267 1,875,359 80,796-1,956,155 NET ASSETS RELEASED FROM RESTRICTIONS Satisfaction of program restrictions 4,981,463 (4,981,463) - - TOTAL PUBLIC SUPPORT AND REVENUES 10,038,701 (3,467,423) - 6,571,278 EXPENSES Program services Program development 3,493, ,493,578 Field services 4,553, ,553,499 Member communications 2,643, ,643,878 10,690, ,690,955 Support services Management and general 750, ,859 Fundraising 959, ,556 1,710, ,710,415 TOTAL EXPENSES 12,401, ,401,370 CHANGE IN NET ASSETS (2,362,669) (3,467,423) - (5,830,092) NET ASSETS - BEGINNING OF YEAR 3,871,786 15,071, ,944 19,186,831 NET ASSETS - END OF YEAR $1,509,117 $11,603,678 $243,944 $13,356,739 CASH FLOWS FROM OPERATING ACTIVITIES Change in net assets $ (5,830,092) Adjustments to reconcile change in net assets to net cash provided by operating activities Depreciation 43,803 Change in net assets from investments, restricted cash and endowements (80,789) Bad debt expense 234,018 Reduction in debt discount 82,585 (Increase) decrease in assets Accounts receivable from agencies (1,147,199) Contributions receivable 2,604,395 Prepaid expense and other assets (28,708) Increase (decrease) in liabilities AP & accrued expenses 24,772 Grants payable to local agencies 19,124 Deferred revenue fees 1,890,954 Net cash provided by operating activities (2,352,317) CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures (29,910) Receipts of restricted cash (6,329,827) Release of restricted cash from restriction 5,046,591 Net cash provided by investing activities (1,313,146) NET DECREASE IN CASH AND CASH EQUIVALENTS $ (3,665,463) CASH AND CASH EQUIVALENTS- BEGINNING OF PERIOD 4,789,858 CASH AND CASH EQUIVALENTS- END OF PERIOD 1,124,

13 Letter from the CEO Financial Statements Statement Of Expenses By Functional Area Six Months Ended June 30, 2010 Big Brother Jin listens as Little Brother Bill reads him a book at the local library. Program Services Support Services Total Supporting Services Total Program Field Member Program Management Fund Support Develop Services Comm Services & General Raising Services Total Salaries and related expenses $ 969,526 $ 1,818,913 $ 578,537 $ 3,366,976 $ 234,185 $ 618,737 $ 852,922 $ 4,219,898 Grants to local agencies 2,052,645 2,052,645-4,105, ,105,290 Professional Services 72,142-1,924,433 1,996, , , ,075 2,582,650 Telephone, postage and shipping 33,046 61,997 19, ,762 7,982 21,089 29, ,833 Occupancy and maintenance 81, ,111 48, ,423 19,713 52,083 71, ,219 Printing, publications and promotions 18,092 33,942 10,796 62,830 4,370 11,546 15,916 78,746 Conferences, travel and events 229, ,378 39, ,424 54,421 67, , ,463 Insurance 17,659 33,129 10,537 61,325 4,265 11,269 15,534 76,859 Leases 9,330 17,503 5,568 32,401 2,254 5,954 8,208 40,609 Depreciation 10,064 18,881 6,004 34,949 2,431 6,423 8,854 43,803 Other $ 3,493,578 $ 4,553,499 $ 2,643,878 $ 10,690,955 $ 750,859 $959,556 $ 1,710,415 $ 12,401,

14 National Office 230 North 13th Street Philadelphia, PA 19107