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Nonprofiteer
← FOSTER NATION

Form 990 for tax year 2023

Filed by FOSTER NATION.

Totals

Total revenue
$782,996
Total expenses
$705,390
Contributions and grants received
$746,036
Grants paid
$116,139
Program service revenue
$0
Investment income
$36,741
Other revenue
$219
Total assets, end of year
$953,506
Total liabilities, end of year
$30,134
Net assets or fund balances, end of year
$923,372
Program services expenses (Part IX)
$598,412
Management and general expenses
$64,014
Fundraising expenses
$42,964
Program service expenses (Part III)
$598,412

Program services were 84.8% 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.

  • 1f · All other contributions, gifts and grants

    $746,036

  • 1g · Noncash contributions included above

    $131,235

  • 3 · Investment income

    total $36,741 · excluded $36,741

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $219 · excluded $219

  • 11e · Other revenue, total

    $219

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $116,139 · program services $116,139

  • 5 · Compensation of officers, directors and key employees

    total $100,500 · program services $100,500

  • 7 · Other salaries and wages

    total $104,919 · program services $66,696 · management and general $23,148 · fundraising $15,075

  • 9 · Other employee benefits

    total $2,841 · management and general $2,841

  • 10 · Payroll taxes

    total $16,709 · program services $5,131 · management and general $11,578

  • 11b · Fees: legal

    total $512 · management and general $512

  • 11c · Fees: accounting

    total $3,915 · management and general $3,915

  • 11g · Fees: other

    total $236,965 · program services $211,451 · management and general $6,243 · fundraising $19,271

  • 13 · Office expenses

    total $10,463 · management and general $2,303 · fundraising $8,160

  • 14 · Information technology

    total $7,110 · program services $6,188 · management and general $464 · fundraising $458

  • 17 · Travel

    total $8,149 · program services $2,662 · management and general $5,487

  • 19 · Conferences, conventions and meetings

    total $90,587 · program services $89,585 · management and general $1,002

  • 23 · Insurance

    total $4,449 · management and general $4,449

  • 24a · Other expenses: CONTRACTED SERVICES

    total $2,132 · program services $60 · management and general $2,072

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,831 · end of year $119,935

  • 11 · Investments: publicly traded securities

    beginning of year $612,905 · end of year $833,571

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,157 · end of year $30,134

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $845,579 · end of year $923,372

Mission and programs · 2023

Mission

FOSTER NATION ENGAGES AND EMPOWERS THE COMMUNITY TO PREPARE, SUPPORT AND EMPOWER FOSTER YOUTH AGING OUT OF THE SYSTEM TO BE SELF-SUFFICIENT ADULTS BY PROVIDING RESOURCES, SOCIAL SUPPORT, AND MENTORSHIP.

Activities or mission (Part I)

FOSTER NATION SUPPORTS AND EMPOWERS YOUNG PEOPLE AGING OUT OF FOSTER CARE (SEE SCH O) TO BE SELF-SUFFICIENT BY PROVIDING RESOURCES, SOCIAL SUPPORT, AND MENTORSHIP. WE BELIEVE THAT EVERYONE HAS THE POWER TO BE BETTER THAN THE CIRCUMSTANCES THEY WERE BORN INTO. OUR MAIN PROGRAMS ARE 1) SPARKS TO HELP FOSTER YOUTH DEVELOP FOUNDATIONAL LIFE AND PROFESSIONAL SKILLS NECESSARY FOR ADULTHOOD; 2) SPARKS OF LOVE TO CELEBRATE THE MILESTONES IN THE LIVES OF FOSTER YOUTH SO THEY KNOW THAT THEY BELONG, THEY MATTER, AND THEY ARE NOT ALONE.

  • SPARKS - 6 MONTH CAREER COACHING PROGRAM: WE ENSURE FOSTER YOUTH HAVE EQUAL FOOTING WHEN THEY ENTER THE PROFESSIONAL WORLD BY MATCHING THEM WITH A DEDICATED ONE-ON-ONE CAREER COACH, AND PROVIDING THEM WITH CAREER READINESS AND LIFE SKILLS TRAINING NECESSARY TO HELP THEM BECOME SELF-SUFFICIENT POST FOSTER CARE. OUR GOAL IS TO HELP FOSTER YOUTH DEVELOP FOUNDATIONAL LIFE AND PROFESSIONAL SKILLS NECESSARY TO ENTER THE REAL WORLD. WE BELIEVE THAT ONE MEANINGFUL CONNECTION CAN CHANGE A LIFE.

    Expenses $440,436 · Grants $6,213

  • SPARKS OF LOVE - WE PROVIDE CELEBRATORY GIFTS FOR FOSTER YOUTH DURING IMPORTANT MILESTONES/EVENTS IN THEIR LIVES, SUCH AS HIGH SCHOOL OR COLLEGE GRADUATION, BACK TO SCHOOL, OR BIRTHDAYS. OUR GOAL IS TO REMIND YOUTH THAT THERE ARE ALWAYS PEOPLE WHO CARE ABOUT THEM AND ARE IN THEIR CORNER. THE MISSION OF THIS PROGRAM IS TO REMIND YOUTH THAT THEY BELONG, THEY MATTER, AND THEY ARE NOT ALONE.

    Expenses $36,495 · Grants $2,484

  • THE ESSENTIALS - (PREVIOUSLY SHOPPING DAYS OR BASIC NEEDS) FREE SHOPPING DAYS FOR FOSTER YOUTH: WE HELP BUILD CONFIDENCE IN FOSTER YOUTH BY PROVIDING ESSENTIAL RESOURCES VIA FREE POP-UP SHOPPING DAYS FOR YOUTH TO SHOP FOR PROFESSIONAL AND CASUAL CLOTHING, TOILETRIES, BEAUTY PRODUCTS, AND ACCESSORIES. OUR GOAL IS TO ENSURE FOSTER YOUTH FEEL CONFIDENT AS THEY PURSUE THEIR PROFESSIONAL AND EDUCATIONAL DREAMS.

    Expenses $114,771 · Grants $101,703

  • MEAL NATION - FREE MEAL DELIVERY/PICK UP SERVICE TO FIGHT FOOD INSECURITY: DURING THE COVID-19 PANDEMIC, WE LAUNCHED THE MEAL NATION PROGRAM TO ADDRESS FOOD INSECURITY FOR FOSTER YOUTH STUDENTS IN 57 COLLEGES. THIS WAS DONE BY PROVIDING YOUTH WITH FREE MEALS FOR 30-60-90 DAYS THAT CAN EITHER BE PICKED UP FROM A LOCAL RESTAURANT, THROUGH OUR PARTNERSHIP WITH BENTO, OR DELIVERED THROUGH OUR PARTNER FRESHLY. WE DISTRIBUTED 76,000+ MEALS TO OVER 2,000 FOSTER YOUTH.

    Expenses $6,710 · Grants $5,739

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

Listed in Part VII

  • Caroline Kunitz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • David Milken

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Aaron Elster

    SECRETARY

    Total calculated
    $0
    Hours/week
    4
  • Lydia Coleman

    DIRECTOR (AS OF 10/26/23)

    Total calculated
    $0
    Hours/week
    2
  • Alain Datcher

    DIRECTOR (AS OF 4/27/23)

    Total calculated
    $0
    Hours/week
    2
  • Darren Edwards

    DIRECTOR (AS OF 7/27/23)

    Total calculated
    $0
    Hours/week
    2
  • Dave Herman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jeanne Pritzker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jacqueline Shamtoob

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kate Somerville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Joy Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Maggie Lin

    EXECUTIVE DIRECTOR

    Total calculated
    $100,500
    From this org
    $100,500
    From related orgs
    $0
    Other
    $0
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349316216

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