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CFI Financial Information
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Meriden, CT 06450
Tel: 203.630.3566
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CFI Financial Information

Here's some financial information about Children First.  The annual CFI operating budget is about $275,000.  This funding comes largely from private foundations.  Two documents help the public understand the financial picture of an organization, the audit and 990 form.

The IRS Form 990 is titled "Return of Organization Exempt From Income Tax." It is submitted by tax-exempt organizations and non-profit organizations to provide the Internal Revenue Service with annual financial information.   The Form 990 provides the public with financial information about a given organization, and is often the only source of such information. It is also used by government agencies to prevent organizations from abusing their tax-exempt status.  Funders often require it.  See the  CFI 990 from 2011 and 2012.  

An audit is an independent assessment of the fairness by which a company's financial statements are presented by its management. It is performed by competent, independent and objective person(s) known as auditors or accountants, who then issue an auditor's report based on the results of the audit.  See the 2011 and the 2012 CFI audit here.   

Note that the 2012 990 form and audit show a one-time $475,000 planning grant from the US Department of Education for the Promise Neighborhood (Meriden Family Zone) initiative.

Early each winter, the Children First Director and Board of Directors work to develop an operating budget for the following year. The proposed budget for 2014, along with a narrative that describes each activity area in more detail, will soon be posted.  Budgets say a lot about what's important to an organization.

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