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Nonprofiteer
← FOSTERING GREAT IDEAS

Form 990 for tax year 2024

Filed by FOSTERING GREAT IDEAS.

Totals

Total revenue
$934,367
Total expenses
$823,129
Contributions and grants received
$896,415
Grants paid
$0
Program service revenue
$5,800
Investment income
$42,962
Other revenue
-$10,810
Total assets, end of year
$956,760
Total liabilities, end of year
$16,824
Net assets or fund balances, end of year
$939,936
Program services expenses (Part IX)
$751,107
Management and general expenses
$60,372
Fundraising expenses
$11,650
Program service expenses (Part III)
$751,107

Program services were 91.3% 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.

  • 1c · Fundraising events

    $79,483

  • 1e · Government grants (contributions)

    $223,134

  • 1f · All other contributions, gifts and grants

    $593,798

  • 2a · Program service revenue: LIFE IN LIMBO

    total $5,800 · related or exempt $5,800

  • 3 · Investment income

    total $35,372 · excluded $35,372

  • 7a · Gross sales of assets other than inventory

    securities $427,759

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

    securities $420,169

  • 7c · Gain or loss

    securities $7,590

  • 7d · Net gain or loss

    total $7,590 · excluded $7,590

  • 8a · Fundraising events: gross income

    $6,750

  • 8a · Fundraising events: contributions included on line 1c

    $79,483

  • 8b · Fundraising events: direct expenses

    $17,560

  • 8c · Net income from fundraising events

    total -$10,810 · excluded -$10,810

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $63,372 · program services $46,261 · management and general $7,605 · fundraising $9,506

  • 7 · Other salaries and wages

    total $470,211 · program services $470,211

  • 10 · Payroll taxes

    total $41,113 · program services $39,804 · management and general $582 · fundraising $727

  • 11f · Fees: investment management

    total $3,428 · management and general $3,428

  • 11g · Fees: other

    total $16,820 · program services $15,712 · management and general $1,108

  • 12 · Advertising and promotion

    total $7,054 · program services $4,232 · management and general $2,590 · fundraising $232

  • 13 · Office expenses

    total $11,251 · program services $7,238 · management and general $3,980 · fundraising $33

  • 17 · Travel

    total $34,637 · program services $34,637

  • 19 · Conferences, conventions and meetings

    total $33,495 · program services $32,842 · management and general $340 · fundraising $313

  • 23 · Insurance

    total $35,122 · program services $52 · management and general $35,070

  • 24a · Other expenses: CLIENT MEETINGS

    total $71,791 · program services $71,741 · management and general $50

  • 24b · Other expenses: CLIENT MATERIALS

    total $20,949 · program services $20,949

  • 24c · Other expenses: DUES, SUBSCRIPTIONS, ME

    total $7,017 · program services $951 · management and general $5,245 · fundraising $821

  • 24d · Other expenses: BACKGROUND CHECKS

    total $4,879 · program services $4,877 · management and general $2

  • 24e · All other expenses

    total $1,990 · program services $1,600 · management and general $372 · fundraising $18

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,828 · end of year $47,989

  • 2 · Savings and temporary cash investments

    beginning of year $96,702 · end of year $18,857

  • 4 · Accounts receivable

    end of year $42,192

  • 11 · Investments: publicly traded securities

    beginning of year $704,550 · end of year $847,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,009 · end of year $16,824

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $823,071 · end of year $939,936

Mission and programs · 2024

Mission

TO IMPROVE THE LIVES OF CHILDREN IN FOSTER CARE.

Activities or mission (Part I)

TO IMPROVE THE LIVES OF CHILDREN AS THEY STRUGGLE IN FOSTER CARE.

  • SIB-LINK: WHEN REMOVED FROM THEIR HOMES, SIBLINGS IN FOSTER CARE ARE OFTEN SEPARATED FROM EACH OTHER. SIBLING BONDS, ESPECIALLY IN THOSE KIDS WHO HAVE FACED TRAUMA, ARE SOME OF THE MOST IMPORTANT BONDS IN THEIR LIVES. SIB-LINK EXISTS TO KEEP THIS CONNECTION STRONG AND REDUCE FURTHER TRAUMA BY PROVIDING ADDITIONAL REGULAR VISITS FOR THESE CHILDREN.

    Expenses $169,420

  • SPEAK UP: SPEAK UP IS A GROUP OF PASSIONATE VOLUNTEERS ADVOCATING TO IMPROVE FOSTER CARE POLICY. IN MANY WAYS, SPEAK UP IS OUR POLICY ARM MADE OF REGULAR CITIZENS HIGHLIGHTING COMMON SENSE SOLUTIONS THAT CAN IMPROVE THE FOSTER CARE SYSTEM. THE GUIDING PRINCIPLES OF SPEAK UP: 1. THE MORE WE LISTEN TO CHILDREN AND YOUTH IN FOSTER CARE, THE BETTER THE SYSTEM OF CARE WILL BE. 2. CHILDREN'S VOICES NEED TO BE AMPLIFIED. WE SHOULD PROVIDE A PLATFORM FOR MORE DIALOGUE AND ACTION.THIS IS A GRASS-ROOTS EFFORT RELYING UPON MANY PEOPLE AND FOCUSING ON A FEW CONCEPTS EACH YEAR. IN ORDER TO REMAIN EFFECTIVE AND ON MISSION, WE WORK WITH SPEAK UP VOLUNTEERS TO HELP THEM COMMUNICATE AS A GROUP. WE ALSO ASK THOSE INVOLVED TO SPEND TIME GETTING TO KNOW OTHERS WHO WANT TO "SPEAK UP."

    Expenses $104,648

  • ASPIRE: WHEN YOUTH AGE OUT OF FOSTER CARE, THERE ARE SIGNIFICANT CHALLENGES. THEY ARE OFTEN ON THEIR OWN, LACKING FAMILY SUPPORT FOR THEIR JOURNEY. MANY STUDENTS WORK TO SUPPORT THEMSELVES, AND IF THEY ATTEND COLLEGE, THEY ARE LIVING PAYCHECK TO PAYCHECK AND HAVE EXCESSIVE FINANCIAL PRESSURE. THE ADDED FINANCIAL STRESS TO MAINTAIN COLLEGE HOUSING CAN ADD SIGNIFICANT PRESSURE TO THESE YOUTH IN COLLEGE. MANY YOUTH WILL FALL BEHIND IN THEIR ACADEMICS AND LOSE HOPE WITHOUT A CARING AND CONSISTENT ADULT TO ENCOURAGE GOAL-SETTING AND PLANNING FOR NEXT STEPS AFTER HIGH SCHOOL. ASPIRE ENCOURAGES YOUTH TO GRADUATE FROM HIGH SCHOOL AND THEN ATTEND AND EXCEL IN COLLEGE BY PROVIDING ACCOUNTABILITY AND SUPPORT THROUGHOUT THEIR ACADEMIC EXPERIENCE. THROUGH CONSISTENT MEETINGS WITH OUR EDUCATION ADVOCATE AND PEER GATHERINGS FOCUSED ON TEAM-BUILDING, YOUTH BEGIN TO VISUALIZE A FUTURE FOR THEMSELVES. THEY GRADUATE FROM HIGH SCHOOL, APPLY TO COLLEGE PROGRAMS, AND FIND THEIR OWN PATHWAY TO SUCCESS.

    Expenses $221,711

  • Expenses $255,328

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kelly Scheib

    CHAIR

    Total calculated
    $0
    Hours/week
    4
  • Lonnie Decker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Amy Karmilovich

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Joe Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Selden Peden JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Pam Prashad

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Dejr Bostick

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Jon Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • David White

    CEO

    Total calculated
    $63,372
    From this org
    $63,372
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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
2024
Filed
14 July 2025
IRS schema version
2024v5.2
Source object
202541959349301604

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