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← FOUNDATION FOR FOSTER CHILDREN INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR FOSTER CHILDREN INC.

Totals

Total revenue
$2,156,286
Total expenses
$2,709,472
Contributions and grants received
$2,100,288
Grants paid
$651,977
Program service revenue
$35,834
Investment income
$26,687
Other revenue
-$6,523
Total assets, end of year
$2,305,308
Total liabilities, end of year
$31,575
Net assets or fund balances, end of year
$2,273,733
Program services expenses (Part IX)
$2,037,574
Management and general expenses
$364,145
Fundraising expenses
$307,753
Program service expenses (Part III)
$2,037,574

Program services were 75.2% 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.

  • 1c · Fundraising events

    $199,032

  • 1e · Government grants (contributions)

    $680,114

  • 1f · All other contributions, gifts and grants

    $1,221,142

  • 1g · Noncash contributions included above

    $60,145

  • 2a · Program service revenue: P

    total $35,834 · related or exempt $35,834

  • 3 · Investment income

    total $26,687 · excluded $26,687

  • 6a · Gross rents

    real property $42,865

  • 6b · Less rental expenses

    real property $49,388

  • 6c · Rental income or loss

    real property -$6,523

  • 6d · Net rental income or loss

    total -$6,523 · excluded -$6,523

  • 8a · Fundraising events: gross income

    $87,620

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

    $199,032

  • 8b · Fundraising events: direct expenses

    $87,620

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $651,977 · program services $651,977

  • 5 · Compensation of officers, directors and key employees

    total $153,942 · program services $111,484 · management and general $20,247 · fundraising $22,211

  • 7 · Other salaries and wages

    total $1,118,180 · program services $809,772 · management and general $147,079 · fundraising $161,329

  • 8 · Pension plan contributions

    total $25,681 · program services $18,598 · management and general $3,377 · fundraising $3,706

  • 9 · Other employee benefits

    total $200,115 · program services $144,923 · management and general $26,315 · fundraising $28,877

  • 10 · Payroll taxes

    total $101,763 · program services $73,697 · management and general $13,382 · fundraising $14,684

  • 11c · Fees: accounting

    total $47,540 · management and general $47,540

  • 11g · Fees: other

    total $46,501 · program services $4,190 · management and general $30,235 · fundraising $12,076

  • 13 · Office expenses

    total $35,261 · program services $15,119 · management and general $5,710 · fundraising $14,432

  • 14 · Information technology

    total $60,481 · program services $32,908 · management and general $17,015 · fundraising $10,558

  • 16 · Occupancy

    total $60,193 · program services $27,261 · management and general $29,754 · fundraising $3,178

  • 17 · Travel

    total $81,997 · program services $79,982 · management and general $469 · fundraising $1,546

  • 19 · Conferences, conventions and meetings

    total $50,222 · program services $39,552 · management and general $8,629 · fundraising $2,041

  • 22 · Depreciation, depletion and amortization

    total $25,230 · program services $16,750 · management and general $4,891 · fundraising $3,589

  • 23 · Insurance

    total $12,408 · program services $8,686 · management and general $1,861 · fundraising $1,861

  • 24a · Other expenses: BAD DEBTS

    total $23,263 · fundraising $23,263

  • 24b · Other expenses: OTHER BUSINESS COSTS

    total $9,347 · program services $2,675 · management and general $6,134 · fundraising $538

  • 24c · Other expenses: DONOR RELATIONS

    total $3,864 · fundraising $3,864

  • 24d · Other expenses: LICENSES AND DUES

    total $1,507 · management and general $1,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,488 · end of year $249,045

  • 2 · Savings and temporary cash investments

    beginning of year $1,230,859 · end of year $60,331

  • 3 · Pledges and grants receivable

    beginning of year $335,012 · end of year $609,436

  • 4 · Accounts receivable

    beginning of year $591 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,942 · end of year $5,551

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

    $912,036

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

    $208,520

  • 10c · Land, buildings and equipment, net

    beginning of year $563,161 · end of year $703,516

  • 11 · Investments: publicly traded securities

    beginning of year $634,488 · end of year $534,191

  • 15 · Other assets

    beginning of year $17,670 · end of year $143,238

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,363 · end of year $23,875

  • 25 · Other liabilities

    beginning of year $7,700 · end of year $7,700

  • 27 · Net assets without donor restrictions

    beginning of year $2,128,657 · end of year $1,387,446

  • 28 · Net assets with donor restrictions

    beginning of year $641,491 · end of year $886,287

Mission and programs · 2023

Mission

OUR MISSION IS TO CREATE MEANINGFUL CONNECTIONS FOR CHILDREN IN FOSTER CARE THROUGH PERSONALIZED SUPPORT.

  • EDUCATE:PROVIDES PERSONALIZED EDUCATIONAL SERVICES TO HELP STUDENTS IN FOSTER CARE EXPERIENCE ACADEMIC SUCCESS IN ORANGE, SEMINOLE, AND OSCEOLA COUNTIES. MOST IMPORTANTLY, CHILDREN WERE GIVEN AN OPPORTUNITY TO CREATE CONCRETE GOALS AND DEVELOP VALUABLE LIFE SKILLS, SUCH AS SELF-AWARENESS, CRITICAL THINKING, EFFECTIVE COMMUNICATION, EMPATHY, AND ACCOUNTABILITY. IN 2022, 94% IMPROVED ACADEMIC PERFORMANCE, 100% OF SENIORS GRADUATED, 100% OF STUDENTS WERE PROMOTED TO THE NEXT GRADE LEVEL AND 16,124 HOURS OF TUTORING ALONG WITH 396 LAPTOPS AND LEARNING TOOLS.

    Expenses $1,150,103 · Grants $457,304

  • ENRICHMENT: THIS PROGRAM RELIEVES THE FINANCIAL OBSTACLES FACING CHILDREN IN FOSTER CARE SO THAT THEY CAN PARTICIPATE IN ACTIVITIES THAT PROVIDE POSITIVE LIFE EXPERIENCES. BY FUNDING COMMUNITY-BASED ATHLETICS, ARTS, MUSIC, FIELD TRIPS, SCHOOL ACTIVITIES, AND SUMMER CAMP EXPERIENCES, YOUTHS LEARN INDEPENDENCE, BUILD SELF-ESTEEM AND CONFIDENCE. FFC IS COMMITTED TO SUPPORTING AND PROVIDING SERVICES AND OPPORTUNITIES THAT PROMOTE POSITIVE DEVELOPMENT. IN 2022, 339 YOUTH ATTENDED SUMMER CAMP OR A NORMALCY OPPORTUNITY, 431 YOUTH EXPERIENCED A CULTURAL EVENT, 430 YOUTH ENROLLED IN EXTRACURRICULAR OPPORTUNITIES, 102 YOUTH ATTENDED SCHOOL EXPERIENCES, AND 179 BIRTHDAY CELEBRATIONS WERE PROVIDED.

    Expenses $307,857 · Grants $76,920 · Revenue $35,834

  • EMPOWER:THE EMPOWER PROGRAM PROVIDES DIRECT ASSISTANCE AND MENTORING (ADVOCATES) TO HELP FOSTER YOUTH (AGES 14-24) NAVIGATE THROUGH THE CHALLENGING TRANSITION FROM STATE CARE TO SUCCESSFUL INDEPENDENT LIVING. ASSISTANCE INCLUDES HOUSING DEPOSITS/FEES, HOUSEHOLD STARTER KITS, DRIVERS' LICENSES, COLLEGE TEXTBOOKS AND COMPUTERS. MATCHED BY SIMILAR INTERESTS, ADVOCATES AND FOSTER YOUTH WORK TOGETHER OVER A 12-WEEK PERIOD. WHETHER THEY'RE STARTING COLLEGE, VOCATIONAL TRAINING, A NEW JOB, OR LIVING ALONE IN A NEW APARTMENT FOR THE FIRST TIME, OUR PROGRAM PROVIDES A STABLE RELATIONSHIP LEADING TO A POSITIVE OUTCOME. IN 2022, 325 YOUTH RECEIVED TRANSITION TO ADULTHOOD OPPORTUNITIES, 92% ARE WORKING WITH A STAFF ADVOCATE, 90% OF GRADUATES ARE EMPLOYED OR ENROLLED IN POST-SECONDARY EDUCATION, AND 98% OF YOUTH OVER 18 ARE IN STABLE HOUSING.

    Expenses $579,614 · Grants $117,753

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Celeste Thacker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Holly Greer

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michelle Chira Carlton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keith Coker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sejal Patel

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Spooner

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Laura Eidson Cosgrove

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lara Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lamont Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alison Yurko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janice Brodie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Tjernagel

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kim Baxter

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Dave Varet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rachel Craine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bernadette Rampersad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lindsay Woeste

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Purvi Jayswal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kay Redlich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Raquel Bell

    EXECUTIVE DIRECTOR

    Total calculated
    $30,587
    From this org
    $27,083
    From related orgs
    $0
    Other
    $3,504
    Hours/week
    45

  • Robert Newkirk

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $130,665
    From this org
    $126,859
    From related orgs
    $0
    Other
    $3,806
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $126,859
    Bonus
    $0
    Other
    $0
    Deferred
    $3,806
    Nontaxable benefits
    $0
    Filer's total
    $130,665

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 · Compensation survey or study

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
2023
Filed
12 April 2024
IRS schema version
2023v5.0
Source object
202411039349301036

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