Institute For Child Success Inc

Hello family program business segment - see schedule ohello family program business segmentthe organization continues to be significantly involved in the hello family program, a comprehensive multi-year program initiated in 2022 by the city of spartanburg, south carolina, in partnership with several community stakeholders, to create an overarching culture of health and to improve birth, health, learning, and child welfare outcomes for children living in the city, prenatal through age five. Under an outcome payor agreement with the city, the organization is designated as the project manager for the program, is responsible for managing and implementing the program to serve the target population, serves as the financial and information intermediary for the program, and supervises and coordinates the work of various service providers. In the fiscal year ended june 30, 2024, the hello family program coordinated the work of eight program service providers. Excellent strides were made towards achieving the positive impacts anticipated for the program, resulting in $1,703,300 of principal and interest being paid down on the impact loan for the program.total revenues were $1,109,875 which included grants of $592,000 and beneficial interest in restricted programs outcome account of $517,875. Total program expenses were $1,612,936 of which $1,493,350 was for fees for services, $117,875 was for interest and $1,711 was for other expenses. Net assets for this program were $694,067 at june 30, 2024, all of which is subject to donor use restrictions.