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Nonprofiteer
← SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN

Form 990 for tax year 2024

Filed by SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN.

Totals

Total revenue
$15,443,221
Total expenses
$13,370,796
Contributions and grants received
$14,442,453
Grants paid
$8,432,000
Program service revenue
$720,484
Investment income
$135,703
Other revenue
$144,581
Total assets, end of year
$11,663,503
Total liabilities, end of year
$110,751
Net assets or fund balances, end of year
$11,552,752
Program services expenses (Part IX)
$10,836,588
Management and general expenses
$2,093,659
Fundraising expenses
$440,549
Program service expenses (Part III)
$10,836,588

Program services were 81.0% 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.

  • 1d · Related organizations

    $788,866

  • 1f · All other contributions, gifts and grants

    $13,653,587

  • 1g · Noncash contributions included above

    $9,775,832

  • 2a · Program service revenue: CHILD CARE PROGRAM

    total $720,484 · related or exempt $720,484

  • 3 · Investment income

    total $143,040 · excluded $143,040

  • 5 · Royalties

    total $1,330 · excluded $1,330

  • 6a · Gross rents

    real property $5,090

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $5,090

  • 6d · Net rental income or loss

    total $5,090 · excluded $5,090

  • 7a · Gross sales of assets other than inventory

    other assets $3,651,750

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

    other assets $3,659,087

  • 7c · Gain or loss

    other assets -$7,337

  • 7d · Net gain or loss

    total -$7,337 · excluded -$7,337

  • 8a · Fundraising events: gross income

    $126,406

  • 8b · Fundraising events: direct expenses

    $24,578

  • 8c · Net income from fundraising events

    total $101,828 · excluded $101,828

  • 11a · Other revenue: OTHER INCOME

    total $21,122 · related or exempt $21,122

  • 11b · Other revenue: STOCK SHOW PROCEEDS

    total $12,291 · related or exempt $12,291

  • 11c · Other revenue: BARN PROGRAM

    total $2,472 · related or exempt $2,472

  • 11d · All other revenue

    total $448 · excluded $448

  • 11e · Other revenue, total

    $36,333

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,432,000 · program services $8,432,000

  • 5 · Compensation of officers, directors and key employees

    total $645,345 · program services $622,652 · management and general $22,693

  • 7 · Other salaries and wages

    total $1,701,507 · program services $1,113,751 · management and general $362,929 · fundraising $224,827

  • 8 · Pension plan contributions

    total $118,371 · program services $81,299 · management and general $20,187 · fundraising $16,885

  • 9 · Other employee benefits

    total $107,380 · program services $42,432 · management and general $37,221 · fundraising $27,727

  • 10 · Payroll taxes

    total $183,334 · program services $126,399 · management and general $39,789 · fundraising $17,146

  • 11b · Fees: legal

    total $1,407 · program services $1,407

  • 11c · Fees: accounting

    total $50,418 · program services $13,593 · management and general $36,825

  • 11g · Fees: other

    total $5,163 · program services $4,519 · management and general $392 · fundraising $252

  • 13 · Office expenses

    total $93,242 · program services $39,994 · management and general $5,034 · fundraising $48,214

  • 14 · Information technology

    total $132,899 · program services $16,274 · management and general $112,935 · fundraising $3,690

  • 16 · Occupancy

    total $395,971 · program services $10,330 · management and general $384,861 · fundraising $780

  • 17 · Travel

    total $82,151 · program services $21,790 · management and general $50,709 · fundraising $9,652

  • 19 · Conferences, conventions and meetings

    total $25,534 · program services $23,378 · management and general $1,950 · fundraising $206

  • 20 · Interest

    total $5 · management and general $5

  • 22 · Depreciation, depletion and amortization

    total $487,793 · management and general $487,793

  • 23 · Insurance

    total $433,183 · management and general $433,183

  • 24a · Other expenses: SUPPLIES

    total $138,696 · program services $63,657 · management and general $75,039

  • 24b · Other expenses: YOUTH ACTIVITIES

    total $115,898 · program services $115,859 · management and general $39

  • 24c · Other expenses: MISCELLANEOUS

    total $111,776 · program services $28,962 · management and general $17,176 · fundraising $65,638

  • 24d · Other expenses: FOOD, CLOTHING, MEDICAL

    total $48,742 · program services $48,742

  • 24e · All other expenses

    total $59,981 · program services $29,550 · management and general $4,899 · fundraising $25,532

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $615,439 · end of year $773,791

  • 3 · Pledges and grants receivable

    beginning of year $73,292 · end of year $56,389

  • 4 · Accounts receivable

    beginning of year $5,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,960 · end of year $14,325

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

    $15,308,059

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

    $5,701,207

  • 10c · Land, buildings and equipment, net

    beginning of year $8,859,146 · end of year $9,606,852

  • 11 · Investments: publicly traded securities

    beginning of year $173,854 · end of year $1,178,448

  • 15 · Other assets

    beginning of year $0 · end of year $33,698

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,168 · end of year $51,117

  • 19 · Deferred revenue

    beginning of year $61,400 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $67,819 · end of year $59,634

  • 27 · Net assets without donor restrictions

    beginning of year $9,480,830 · end of year $9,590,304

  • 28 · Net assets with donor restrictions

    beginning of year $109,474 · end of year $1,962,448

Mission and programs · 2024

Mission

TO PROVIDE CHILD CARE AND FOSTER CARE CHILD PLACEMENT

  • PROVISION OF CHILD CARE AND FOSTER CARE CHILD PLACEMENT

    Expenses $10,836,588 · Grants $8,432,000 · Revenue $756,369

As filed on the 2024 return.

Listed in Part VII

  • Doug Young

    PRESIDENT/CEO

    Total calculated
    $152,644
    From this org
    $129,750
    From related orgs
    $0
    Other
    $22,894
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $129,750
    Bonus
    $0
    Other
    $0
    Deferred
    $10,380
    Nontaxable benefits
    $12,514
    Filer's total
    $152,644

  • Michael Warren

    VICE PRESIDENT

    Total calculated
    $88,340
    From this org
    $80,075
    From related orgs
    $0
    Other
    $8,265
    Hours/week
    40 + 1 related

  • Harriett Frazier

    VICE PRESIDENT

    Total calculated
    $112,048
    From this org
    $91,873
    From related orgs
    $0
    Other
    $20,175
    Hours/week
    40 + 1 related

  • Michelle Rudloff

    VICE PRESIDENT/TREASURER

    Total calculated
    $96,802
    From this org
    $77,333
    From related orgs
    $0
    Other
    $19,469
    Hours/week
    40 + 1 related

  • Ashley Hall

    VICE PRESIDENT

    Total calculated
    $102,280
    From this org
    $83,214
    From related orgs
    $0
    Other
    $19,066
    Hours/week
    40 + 1 related

  • Andrew Brewer

    VICE PRESIDENT

    Total calculated
    $88,311
    From this org
    $69,690
    From related orgs
    $0
    Other
    $18,621
    Hours/week
    40 + 1 related

  • Melanie Warren

    SECRETARY

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Mike Blevins

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Phil Uhrhan

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Steve Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chad Gilley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lane Lanier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bo Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darla Doty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven Herod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Jeffries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Earl Krieg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clinton Nix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Terrill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · 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

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
2024
Filed
30 January 2026
IRS schema version
2024v5.5
Source object
202610499349301526

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