Totals
- Total revenue
- $4,008,714
- Total expenses
- $5,568,981
- Contributions and grants received
- $3,635,842
- Grants paid
- $0
- Program service revenue
- $372,140
- Investment income
- $732
- Other revenue
- $0
- Total assets, end of year
- $5,602,479
- Total liabilities, end of year
- $705,948
- Net assets or fund balances, end of year
- $4,896,531
- Program services expenses (Part IX)
- $4,856,295
- Management and general expenses
- $701,799
- Fundraising expenses
- $10,887
- Program service expenses (Part III)
- $4,856,295
Program services were 87.2% 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.
-
1e · Government grants (contributions)
$1,602,971
-
1f · All other contributions, gifts and grants
$2,032,871
-
2a · Program service revenue: Cell Phones
total $370,640 · related or exempt $370,640
-
2f · All other program service revenue
total $1,500 · related or exempt $1,500
-
3 · Investment income
total $732 · excluded $732
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $429,174 · program services $322,514 · management and general $96,662 · fundraising $9,998
-
7 · Other salaries and wages
total $2,695,203 · program services $2,485,939 · management and general $209,264
-
8 · Pension plan contributions
total $2,477 · management and general $2,477
-
9 · Other employee benefits
total $93,195 · program services $58,027 · management and general $35,168
-
10 · Payroll taxes
total $227,972 · program services $203,192 · management and general $23,891 · fundraising $889
-
11b · Fees: legal
total $26,915 · program services $12,100 · management and general $14,815
-
11c · Fees: accounting
total $64,928 · management and general $64,928
-
11g · Fees: other
total $336,685 · program services $318,520 · management and general $18,165
-
12 · Advertising and promotion
total $38,282 · program services $32,982 · management and general $5,300
-
13 · Office expenses
total $83,990 · program services $58,269 · management and general $25,721
-
14 · Information technology
total $866,046 · program services $850,928 · management and general $15,118
-
16 · Occupancy
total $111,754 · program services $91,595 · management and general $20,159
-
17 · Travel
total $121,274 · program services $15,298 · management and general $105,976
-
22 · Depreciation, depletion and amortization
total $469 · management and general $469
-
23 · Insurance
total $17,945 · program services $16,327 · management and general $1,618
-
24a · Other expenses: Fair Futures
total $367,060 · program services $367,060
-
24b · Other expenses: Bad Debt
total $62,068 · management and general $62,068
-
24c · Other expenses: Staff Appreciation
total $23,544 · program services $23,544
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,155,814 · end of year $4,319,538
-
4 · Accounts receivable
beginning of year $1,012,441 · end of year $1,147,237
-
8 · Inventories for sale or use
beginning of year $172,498 · end of year $135,626
-
10a · Land, buildings and equipment: cost or other basis
$1,407
-
10b · Land, buildings and equipment: accumulated depreciation
$1,329
-
10c · Land, buildings and equipment, net
beginning of year $547 · end of year $78
-
15 · Other assets
beginning of year $4,370 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $302,889 · end of year $633,503
-
24 · Unsecured notes and loans payable
end of year $150
-
25 · Other liabilities
beginning of year $439,355 · end of year $72,295
-
27 · Net assets without donor restrictions
beginning of year $6,603,426 · end of year $4,896,531
Mission and programs · 2022
Mission
iFoster's mission is to ensure that every child growing up outside of their biological home has the resources and opportunities they need to become successful, independent adults. We provide a free platform of resources for foster care youth, caregivers, and organizations.We create solutions driving collaboration and efficiencies across the child welfare system, and engage the community outside of child welfare to support our nation's most vulnerable children.
Activities or mission (Part I)
To provide resources for foster care youth, caregivers, and organizations
-
iFoster Resources: Provides equitable access to resources to all children and youth in the foster care system. These include the iFoster Portal of hundreds of resources and services, access to technology such as computers and cell phones, and peer resource navigation.
Expenses $1,198,796 · Revenue $372,140
-
iFoster Success: Scaffolding to self-sufficiency. These include online resources such as self-directed training, employee placements and internships to ensure youth aging out of the foster care system can successfully transition to independence when they leave care.
Expenses $3,346,937
-
iFoster Hope: Closing the resource gap between children in foster care and their peers being raised in biological families. These include cause awareness, funds to meet child and caregiver needs, and the iFoster Well-Being Index.
Expenses $310,562
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Serita Cox
CEO
- Total calculated
- $244,039
- From this org
- $197,810
- From related orgs
- $0
- Other
- $46,229
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $197,310
- Bonus
- $500
- Other
- $0
- Deferred
- $34,020
- Nontaxable benefits
- $12,209
- Filer's total
- $244,039
-
Robert Beaudry
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Ryan Kelly
Board Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Ann Ferrell Tata
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Neil Walsh
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Keirsten Taillon
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Reid Cox
CFO
- Total calculated
- $214,700
- From this org
- $167,285
- From related orgs
- $0
- Other
- $47,415
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,785
- Bonus
- $500
- Other
- $0
- Deferred
- $32,820
- Nontaxable benefits
- $14,595
- Filer's total
- $214,700
-
Jill BlochDirector
of Strategic Partnerships
- Total calculated
- $114,920
- From this org
- $110,000
- From related orgs
- $0
- Other
- $4,920
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441109349300914
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