Funding for FIRC
FIRC is a stable organization with a variety of funding sources. Summit Thrift & Treasures is also an incredible asset to FIRC that allows for a steady stream of funding year after year.
In a year where demand for client services has nearly doubled, FIRC has been very fortunate to have the support of the community through financial, clothing and food donations. Several key fundraising events were added to the FIRC calendar to increase the amount of money raised to support the increase in program needs. The Summit County Cares community fundraiser, FIRC Walk Against Hunger, the Hearthstone Silent Auction & Dinner and a partnership with several local events helped FIRC raise over $65,000.
Thanks to the local media, residents became more aware of the struggles faced in Summit County especially in the areas of food, rent, utility and medical assistance. Another factor adding to community awareness, was FIRC’s accomplishments of being named Nonprofit of the Year by both the Summit Foundation and the Summit Chamber of Commerce.
Thank you to all for your donations, care and support of FIRC programs. You are truly
making a difference in Summit County.
The more money FIRC raises, the more people we are able to help. Your donations or participation at events like the FIRC Walk Against Hunger allows FIRC to help those facing hunger and eviction or needing parenting education. Your care and support is making a difference.
Grant Update
During the 2008-09 fiscal year, grant and foundation support made up 55% of FIRC’s income with over $668,000 in funding. At the beginning of the year, nonprofits were advised to expect a 30% or more decline in funding from grants and foundations. Fortunately, FIRC had a well-rounded income strategy, and as funds were gained and lost, FIRC ended up with a 7.4% decline, which kept the organization in a much better financial position than predicted.
Of the grants lost, one was a multi-year award that completed its grant cycle and two were not renewable due to funder restrictions. Numerous funders have decreased their support due to financial restrictions. This economic climate has made it very difficult to find new grants to replace the expired funds since many foundations would not accept new applicants.
New funding for FY09 includes:
American Reinvestment and Recovery Act – Community Services Block Grant
Statewide Strategic Use Fund (collaboration with Mountain Resource Center)
Temple H. Buell – Family Resource Center Association
Adolph Coors Foundation
Vail Resorts Echo Program
The Brown Family Advised Fund
Roy G. Michell Charitable Foundation and Trust
John G. Duncan Charitable Trust
For more details on FIRC’s financial performance and funding, please review our 2009 Annual Report.