Dignity Freedom Network
The information on this page was last updated 7/18/2023. If you see errors or omissions, please email: [email protected]
Summary
Dignity Freedom Network works to remember the forgotten faces, those society ignores. We think every life is worth restoring, and every person worth fighting for.
Contact information
Mailing address:
PO Box 62008
Colorado Springs, CO 80962
Website: dfnusa.org
Phone: (757) 233-9110
Email: [email protected]
Organization details
EIN: 412075995
CEO/President: Jacque Cork
Chairman: Ken Heulitt
Board size: 10
Founder:
Ruling year: 2003
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2005
Purpose
DFN's mission is to lift up and empower marginalized and vulnerable people in India by providing education, healthcare, and economic empowerment opportunities, and trafficking prevention.
Mission statement
At Dignity Freedom Network, our mission is dignity and freedom for the poor, marginalized and outcasts from society, and we provide education, healthcare, and economic development programs to achieve this vision. We enter the lives of the most vulnerable people in India at their invitation, standing alongside them as they work to change their communities and their nation.
Statement of faith
Donor confidence score
Show donor confidence score detailsTransparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
Category | Rating | Overall rank | Sector rank |
Overall efficiency rating | 1074 of 1118 | 88 of 94 | |
Fund acquisition rating | 1096 of 1119 | 92 of 94 | |
Resource allocation rating | 1091 of 1119 | 92 of 94 | |
Asset utilization rating | 686 of 1118 | 59 of 94 |
Financial ratios
Funding ratios | Sector median | 2020 | 2019 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 24% | 29% | 15% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 24% | 29% | 15% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 100% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 28% | 28% | 11% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 0% | 0% | 0% |
Operating ratios | Sector median | 2020 | 2019 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 62% | 64% | 76% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 87% | 106% | 131% |
Program output ratio Program output ratio = Program services / Total revenue | 86% | 54% | 67% | 99% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 13% | -6% | -31% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 19% | -15% | -97% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 6% | 11% | 9% | 13% |
Investing ratios | Sector median | 2020 | 2019 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.42 | 0.95 | 1.85 | 4.03 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 1.00 | 1.00 | 1.01 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.89 | 0.95 | 1.86 | 4.08 |
Liquidity ratios | Sector median | 2020 | 2019 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.79 | 3.78 | 3.25 | 75.59 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.26 | 0.31 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.00 | 9.30 | 4.47 | 2.90 |
Solvency ratios | Sector median | 2020 | 2019 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 26% | 31% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 62% | 78% | 37% | 25% |
Financials
Balance sheet | |||
Assets | 2020 | 2019 | 2016 |
Cash | $1,604,333 | $1,033,270 | $487,517 |
Receivables, inventories, prepaids | $56,020 | $4,127 | $41,751 |
Short-term investments | $0 | $0 | $15,100 |
Other current assets | $0 | $0 | $0 |
Total current assets | $1,660,353 | $1,037,397 | $544,368 |
Long-term investments | $0 | $0 | $0 |
Fixed assets | $2,101 | $1,545 | $2,836 |
Other long-term assets | $0 | $0 | $4,450 |
Total long-term assets | $2,101 | $1,545 | $7,286 |
Total assets | $1,662,454 | $1,038,942 | $551,654 |
Liabilities | 2020 | 2019 | 2016 |
Payables and accrued expenses | $438,961 | $319,378 | $7,202 |
Other current liabilities | $0 | $0 | $0 |
Total current liabilities | $438,961 | $319,378 | $7,202 |
Debt | $0 | $0 | $0 |
Due to (from) affiliates | $0 | $0 | $0 |
Other long-term liabilities | $0 | $0 | $0 |
Total long-term liabilities | $0 | $0 | $0 |
Total liabilities | $438,961 | $319,378 | $7,202 |
Net assets | 2020 | 2019 | 2016 |
Without donor restrictions | $363,674 | ($231,576) | $129,206 |
With donor restrictions | $859,819 | $951,140 | $415,246 |
Net assets | $1,223,493 | $719,564 | $544,452 |
Revenues and expenses | |||
Revenue | 2020 | 2019 | 2016 |
Total contributions | $1,804,278 | $1,812,590 | $1,688,809 |
Program service revenue | $0 | $0 | $0 |
Membership dues | $0 | $0 | $0 |
Investment income | $1,693 | $4,599 | ($446) |
Other revenue | $0 | $0 | $2,661 |
Total other revenue | $1,693 | $4,599 | $2,215 |
Total revenue | $1,805,971 | $1,817,189 | $1,691,024 |
Expenses | 2020 | 2019 | 2016 |
Program services | $969,477 | $1,224,767 | $1,678,778 |
Management and general | $172,328 | $167,427 | $294,048 |
Fundraising | $433,760 | $533,299 | $248,041 |
Total expenses | $1,575,565 | $1,925,493 | $2,220,867 |
Change in net assets | 2020 | 2019 | 2016 |
Surplus (deficit) | $230,406 | ($108,304) | ($529,843) |
Other changes in net assets | $0 | $0 | $0 |
Total change in net assets | $230,406 | ($108,304) | ($529,843) |
Compensation
Name | Title | Compensation |
Jacque Cork | Executive Di | $92,700 |
Scott Mitchell | Treasurer | $39,600 |
Matthew Cork | Board Member | $20,000 |
Compensation data as of: 12/31/2020
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/18/2023. To update the information below, please email: [email protected]
History
Program accomplishments
DFN has a positive track record in achieving its key objectives. Since 2002, we have 107 schools with 26,000+ children, 100 Community Health Workers, thousands of economic empowerment programs and three shelters. Through the work of our Indian partners and their expanded programming reach to more than 1 million people a year.
We seek to increase enrollment in all our schools, add additional healthcare programming including a purpose-built full-service hospital, and create macro-business opportunities that create sustainability in India.
Because of COVID-19, we were able to expand our health clinics from three to nine. We have also opened 50 new virtual health clinics in remote villages. We expect to open several more of these in the coming year to serve those with no access to healthcare.
In addition, we distributed almost 2.5 million meals in 2021.
In 2021, we will open a brand new 150-bed shelter for girls at risk of trafficking and for survivors. We continue our efforts to eliminate the horrific practice of ritualized prostitution where girls are dedicated at a young age to a life of sexual slavery.