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Nonprofiteer
← FOSTER SUCCESS EDUCATION SERVICES INC

Form 990 for tax year 2023

Filed by FOSTER SUCCESS EDUCATION SERVICES INC.

Totals

Total revenue
$2,593,504
Total expenses
$2,453,176
Contributions and grants received
$0
Grants paid
$1,862,618
Program service revenue
$2,593,504
Investment income
$0
Other revenue
$0
Total assets, end of year
$918,478
Total liabilities, end of year
$778,150
Net assets or fund balances, end of year
$140,328
Program services expenses (Part IX)
$2,414,728
Management and general expenses
$38,448
Fundraising expenses
$0
Program service expenses (Part III)
$2,414,728

Program services were 98.4% 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.

  • 2a · Program service revenue: CONTRACT PROGRAM SERVI

    total $2,593,504 · related or exempt $2,593,504

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,862,618 · program services $1,862,618

  • 7 · Other salaries and wages

    total $318,030 · program services $318,030

  • 8 · Pension plan contributions

    total $5,399 · program services $5,399

  • 9 · Other employee benefits

    total $33,364 · program services $33,364

  • 10 · Payroll taxes

    total $25,899 · program services $25,899

  • 11c · Fees: accounting

    total $65,547 · program services $65,547

  • 11g · Fees: other

    total $3,250 · program services $3,250

  • 12 · Advertising and promotion

    total $35,002 · program services $35,002

  • 13 · Office expenses

    total $5,651 · program services $3,016 · management and general $2,635

  • 14 · Information technology

    total $22,681 · program services $20,934 · management and general $1,747

  • 17 · Travel

    total $23,792 · program services $23,792

  • 20 · Interest

    total $22,500 · management and general $22,500

  • 23 · Insurance

    total $4,661 · program services $4,661

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $20,649 · program services $11,012 · management and general $9,637

  • 24b · Other expenses: MISCELLANEOUS

    total $2,714 · program services $1,447 · management and general $1,267

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $1,419 · program services $757 · management and general $662

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $363,582

  • 3 · Pledges and grants receivable

    end of year $554,896

  • 17 · Accounts payable and accrued expenses

    end of year $45,322

  • 24 · Unsecured notes and loans payable

    end of year $500,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $232,828

  • 27 · Net assets without donor restrictions

    end of year $140,328

Mission and programs · 2023

Mission

FOSTER SUCCESS EDUCATION SERVICES' MISSION IS TO SUPPORT TEENS AND YOUNG ADULTS TRANSITIONING OUT OF FOSTER CARE IN REACHING THEIR GOALS THROUGH EDUCATION.

  • EDUCATIONAL SUCCESS. EDUCATIONAL SUCCESS LOOKS DIFFERENT FOR EACH PERSON. THROUGH A COMPREHENSIVE SERIES OF EDUCATIONAL SUPPORT PROGRAMS, PARTICIPANTS CAN ACCESS SUPPORT TO NAVIGATE THEIR JOURNEY FROM HIGH SCHOOL TO COLLEGE AND THROUGH THE VARIOUS CHALLENGES THAT COME ALONG WITH EACH STEP.

    Expenses $2,414,728 · Grants $1,862,618 · Revenue $2,593,504

As filed on the 2023 return.

Listed in Part VII

  • DAN LARNER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LOLITA CAMPBELL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • GRACE WORLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • FREEDOM SMITH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAGGIE STEVENS

    CEO

    Total calculated
    $146,874
    From this org
    $0
    From related orgs
    $120,162
    Other
    $26,712
    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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
21 January 2025
IRS schema version
2023v6.0
Source object
202530219349300728

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