FIT is Meticulous
About Accountability

FINANCIAL OVERSIGHT

Independent Auditing & Accountability

All books are kept in accordance with GAAP and audited annually by an independent auditing firm. FIT’s CFO is a certified and licensed CPA. FIT’s Treasurer is also a CPA. He spot-checks accounting procedures and methodology. All expenditures are reviewed weekly by the Chairman of the Board and semi-annually by the Board. All checks require two signatures, one of which must be that of a Board member.

FUND MANAGEMENT

Carefully Structured Client Funding Process

Money is tightly accounted for. Upon approval of each client’s Vocational Plan (VP), an individual client budget is prepared. Only expense items noted in each budget will be paid. Immediately upon approval of a client’s VP, all of the funds necessary for that VP are segregated into an earmarked account. Thus, we know at all times that all client costs have been funded.

CLIENT SUPPORT

Resources Directed Toward Essential Needs

No funds are ever remitted directly to a client: checks for tuition are made payable to the school, vouchers are used cover food needs, bus passes for transportation, etc.

DONOR IMPACT

100% of Private Donations Support Clients

FIT does not carry a deficit. All funds necessary for general, administrative and fundraising needs are raised through special event fundraising. Thus, 100% of every private donor dollar is dedicated toward client expenses.

LEADERSHIP & GOVERNANCE

Community-Led Service & Transparency

Our Board of Directors serve in uncompensated positions. Each contributes generously of their talent, time and money to make FIT a success.

Financial Statements

FIT Audited Financials FYE 6/30/2020

FIT Audited Financials FYE 6/30/2021

FIT Audited Financials FYE 6/30/2022

FIT Audited Financials FYE 6/30/2023

Form 990s

FIT Form 990 6/30/2020

FIT Form 990 6/30/2021

FIT Form 990 6/30/2022

FIT Form 990 6/30/2023

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