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Nonprofiteer
← FORGOTTEN INITIATIVE INC

Form 990 for tax year 2023

Filed by FORGOTTEN INITIATIVE INC.

Totals

Total revenue
$1,143,039
Total expenses
$877,235
Contributions and grants received
$1,137,804
Grants paid
$208,864
Program service revenue
$7,637
Investment income
-$2,402
Other revenue
$0
Total assets, end of year
$671,618
Total liabilities, end of year
$4,951
Net assets or fund balances, end of year
$666,667
Program services expenses (Part IX)
$683,968
Management and general expenses
$149,834
Fundraising expenses
$43,433
Program service expenses (Part III)
$683,968

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,137,804

  • 2a · Program service revenue: PODCASTBOOK

    total $7,637 · related or exempt $7,637

  • 3 · Investment income

    total $43 · excluded $43

  • 7a · Gross sales of assets other than inventory

    other assets $339

  • 7b · Less cost or other basis and sales expenses

    other assets $2,784

  • 7c · Gain or loss

    other assets -$2,445

  • 7d · Net gain or loss

    total -$2,445 · excluded -$2,445

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $208,864 · program services $208,864

  • 5 · Compensation of officers, directors and key employees

    total $50,765 · program services $15,230 · management and general $22,844 · fundraising $12,691

  • 7 · Other salaries and wages

    total $323,775 · program services $256,507 · management and general $52,439 · fundraising $14,829

  • 9 · Other employee benefits

    total $53,808 · program services $36,676 · management and general $13,218 · fundraising $3,914

  • 10 · Payroll taxes

    total $31,548 · program services $22,849 · management and general $6,261 · fundraising $2,438

  • 11b · Fees: legal

    total $800 · management and general $800

  • 11c · Fees: accounting

    total $11,456 · program services $10,074 · management and general $1,382

  • 12 · Advertising and promotion

    total $4,522 · program services $2,288 · management and general $494 · fundraising $1,740

  • 13 · Office expenses

    total $49,071 · program services $35,017 · management and general $8,666 · fundraising $5,388

  • 16 · Occupancy

    total $40,527 · program services $6,264 · management and general $34,263

  • 19 · Conferences, conventions and meetings

    total $3,704 · program services $3,704

  • 22 · Depreciation, depletion and amortization

    total $31,484 · program services $22,803 · management and general $6,248 · fundraising $2,433

  • 24a · Other expenses: TEAM DEVELOPMENT

    total $5,962 · program services $4,455 · management and general $1,507

  • 24b · Other expenses: ADVOCATE SUPPORT

    total $57,757 · program services $57,667 · management and general $90

  • 24c · Other expenses: MISCELLANEOUS

    total $3,192 · program services $1,570 · management and general $1,622

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $399

  • 2 · Savings and temporary cash investments

    beginning of year $149,484 · end of year $448,682

  • 9 · Prepaid expenses and deferred charges

    beginning of year $310

  • 10a · Land, buildings and equipment: cost or other basis

    $269,428

  • 10b · Land, buildings and equipment: accumulated depreciation

    $46,492

  • 10c · Land, buildings and equipment, net

    beginning of year $251,379 · end of year $222,936

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,323 · end of year $4,951

  • 27 · Net assets without donor restrictions

    beginning of year $172,177 · end of year $376,354

  • 28 · Net assets with donor restrictions

    beginning of year $204,072 · end of year $290,313

Mission and programs · 2023

Mission

HELPING SUPPORT THE FOSTER CARE COMMUNITY THROUGH AWARENESS, ENCOURAGEMENT, AND ADVOCACY

  • PROVIDE ENCOURAGEMENT AND ADDITIONAL SUPPORT TO FOSTER CARE AGENCIES. WORK WITH CHURCH LEADERS TO HELP THE CHURCH ENGAGE WITH FOSTER CARE AGENCIES. IN 2023, TFI WORKED WITH 82 AGENCIES, IMPACTING 2,795 WORKERS AND 14,008 CHILDREN AND THEIR FAMILIES.

    Expenses $683,968 · Grants $208,864 · Revenue $7,637

As filed on the 2023 return.

Listed in Part VII

  • Jami Kaeb

    EXEC DIR PRESIDENT UNTIL DEC

    Total calculated
    $50,765
    From this org
    $50,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Selena Whitley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Loggans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marla Ringger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jesse Casler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gary Ringger

    TREASURER ENDED DEC 2023

    Total calculated
    $0
    Hours/week
    1
  • Josh Jeffrey

    VP ENDED DEC 2023PRES DEC 20

    Total calculated
    $0
    Hours/week
    1
  • Diana Jeffrey

    SECRETARY ENDED DEC 2023

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423179349304577

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