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Nonprofiteer
← FOSTER LOVE PROJECT

Form 990 for tax year 2024

Filed by FOSTER LOVE PROJECT.

Totals

Total revenue
$1,358,103
Total expenses
$1,246,180
Contributions and grants received
$1,344,118
Grants paid
$0
Program service revenue
$7,625
Investment income
$4,752
Other revenue
$1,608
Total assets, end of year
$1,532,197
Total liabilities, end of year
$407,053
Net assets or fund balances, end of year
$1,125,144
Program services expenses (Part IX)
$941,759
Management and general expenses
$205,006
Fundraising expenses
$99,415
Program service expenses (Part III)
$941,759

Program services were 75.6% 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)

    $362,130

  • 1f · All other contributions, gifts and grants

    $981,988

  • 1g · Noncash contributions included above

    $451,970

  • 2a · Program service revenue: Registration income

    total $7,625 · related or exempt $7,625

  • 3 · Investment income

    total $4,752 · excluded $4,752

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous

    total $1,608 · related or exempt $1,608

  • 11e · Other revenue, total

    $1,608

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $80,857 · program services $41,838 · management and general $21,418 · fundraising $17,601

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $287,480 · program services $148,752 · management and general $76,152 · fundraising $62,576

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $9,288 · program services $4,092 · management and general $4,595 · fundraising $601

  • 10 · Payroll taxes

    total $30,433 · program services $14,762 · management and general $8,591 · fundraising $7,080

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $79,959 · program services $15,671 · management and general $64,288

  • 12 · Advertising and promotion

    total $5,881 · management and general $3,607 · fundraising $2,274

  • 13 · Office expenses

    total $3,542 · program services $1,676 · management and general $1,831 · fundraising $35

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $9,728 · program services $9,728

  • 17 · Travel

    total $6,232 · program services $2,299 · management and general $2,449 · fundraising $1,484

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $39 · management and general $39

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,921 · program services $829 · management and general $4,092

  • 23 · Insurance

    total $7,279 · management and general $7,279

  • 24a · Other expenses: Program expenses

    total $391,948 · program services $387,134 · fundraising $4,814

  • 24b · Other expenses: Donated placement bags/clothng

    total $298,259 · program services $298,259

  • 24c · Other expenses: Software

    total $8,997 · program services $6,118 · management and general $2,611 · fundraising $268

  • 24d · Other expenses: Repairs and maintenance

    total $5,825 · program services $4,554 · management and general $1,271

  • 24e · All other expenses

    total $15,512 · program services $6,047 · management and general $6,783 · fundraising $2,682

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $564,466 · end of year $65,844

  • 2 · Savings and temporary cash investments

    end of year $554,102

  • 3 · Pledges and grants receivable

    beginning of year $100,152 · end of year $66,025

  • 4 · Accounts receivable

    beginning of year $10,057 · end of year $34,285

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $356,256

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,592 · end of year $9,333

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

    $459,725

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

    $13,373

  • 10c · Land, buildings and equipment, net

    beginning of year $20,039 · end of year $446,352

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,216 · end of year $35,053

  • 23 · Secured mortgages and notes payable

    end of year $372,000

  • 27 · Net assets without donor restrictions

    beginning of year $601,183 · end of year $1,049,323

  • 28 · Net assets with donor restrictions

    beginning of year $65,907 · end of year $75,821

Mission and programs · 2024

Mission

The purpose of Foster Love Project is to provide love in action to foster children as well as support to the foster families who are providing care for them.

  • Provide love in action to foster children as well as support to the foster families who are providing care for them.

    Expenses $941,759 · Revenue $9,233

As filed on the 2024 return.

Listed in Part VII

  • Kelly Hughes

    Founder/Ex. Di

    Total calculated
    $80,857
    From this org
    $80,857
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Valerie Rose

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Shannon Prentiss

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Russell Ivey

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Kristen Moss

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Monica Manes Gay

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Leon Harrison

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Ja-Neen Jones

    Vice President

    Total calculated
    $0
    Hours/week
    5
  • Summer Dean

    President

    Total calculated
    $0
    Hours/week
    5
  • Tabatha Wendorff

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Jamie Strate

    Board Member

    Total calculated
    $0
    Hours/week
    5

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
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349303141

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