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Nonprofiteer
← FAITHBRIDGE FOSTER CARE INC

Form 990 for tax year 2022

Filed by FAITHBRIDGE FOSTER CARE INC.

Totals

Total revenue
$7,664,661
Total expenses
$7,351,812
Contributions and grants received
$1,232,571
Grants paid
$0
Program service revenue
$6,469,874
Investment income
-$406
Other revenue
-$37,378
Total assets, end of year
$2,261,362
Total liabilities, end of year
$640,687
Net assets or fund balances, end of year
$1,620,675
Program services expenses (Part IX)
$6,578,661
Management and general expenses
$576,294
Fundraising expenses
$196,857
Program service expenses (Part III)
$6,578,661

Program services were 89.5% 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

    $552,728

  • 1f · All other contributions, gifts and grants

    $679,843

  • 1g · Noncash contributions included above

    $11,373

  • 2a · Program service revenue: Direct Foster Care

    total $6,469,874 · related or exempt $6,469,874

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $9,689

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

    securities $10,095

  • 7c · Gain or loss

    securities -$406 · other assets $0

  • 7d · Net gain or loss

    total -$406 · excluded -$406

  • 8a · Fundraising events: gross income

    $0

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

    $552,728

  • 8b · Fundraising events: direct expenses

    $38,782

  • 8c · Net income from fundraising events

    total -$38,782 · excluded -$38,782

  • 11d · All other revenue

    total $1,404 · related or exempt $0 · unrelated business $0 · excluded $1,404

  • 11e · Other revenue, total

    $1,404

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $134,343 · management and general $134,343

  • 7 · Other salaries and wages

    total $2,241,545 · program services $1,905,836 · management and general $221,133 · fundraising $114,576

  • 8 · Pension plan contributions

    total $50,584 · program services $44,273 · management and general $3,641 · fundraising $2,670

  • 9 · Other employee benefits

    total $555,053 · program services $437,237 · management and general $98,179 · fundraising $19,637

  • 10 · Payroll taxes

    total $178,738 · program services $140,531 · management and general $28,653 · fundraising $9,554

  • 11b · Fees: legal

    total $5,140 · program services $4,472 · management and general $668

  • 11c · Fees: accounting

    total $31,290 · program services $27,222 · management and general $4,068

  • 11g · Fees: other

    total $401,809 · program services $355,169 · management and general $23,472 · fundraising $23,168

  • 12 · Advertising and promotion

    total $116,665 · program services $97,247 · management and general $13,349 · fundraising $6,069

  • 13 · Office expenses

    total $121,139 · program services $95,685 · management and general $10,131 · fundraising $15,323

  • 14 · Information technology

    total $147,964 · program services $133,286 · management and general $13,283 · fundraising $1,395

  • 16 · Occupancy

    total $1,491 · program services $1,297 · management and general $194

  • 17 · Travel

    total $87,250 · program services $82,688 · management and general $3,382 · fundraising $1,180

  • 19 · Conferences, conventions and meetings

    total $45,507 · program services $44,405 · management and general $882 · fundraising $220

  • 22 · Depreciation, depletion and amortization

    total $63,176 · program services $54,963 · management and general $8,213

  • 23 · Insurance

    total $90,144 · program services $77,486 · management and general $9,923 · fundraising $2,735

  • 24a · Other expenses: Foster Parent per Diem & Reimbursements

    total $3,067,914 · program services $3,067,914

  • 24b · Other expenses: Food and Beverages

    total $12,060 · program services $8,950 · management and general $2,780 · fundraising $330

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,001,044 · end of year $1,361,272

  • 2 · Savings and temporary cash investments

    beginning of year $159

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $571,449 · end of year $676,450

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,336 · end of year $65,466

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

    $439,837

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

    $281,663

  • 10c · Land, buildings and equipment, net

    beginning of year $190,252 · end of year $158,174

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $461,373 · end of year $546,244

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $110,073 · end of year $94,443

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,214,613 · end of year $1,552,619

  • 28 · Net assets with donor restrictions

    beginning of year $17,181 · end of year $68,056

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0

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

    beginning of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0

Mission and programs · 2022

Mission

FaithBridge Foster Care exists to mobilize and equip families, and their local churches, to provide effective and sustainable foster care solutions to serve children and restore families in their communities.

Activities or mission (Part I)

Mobilize and equip families, and their local churches, to provide effective foster care solutions.

  • Parenting Foster Children: Each FaithBridge foster family receives a daily per diem rate based on the child's age and level of care that they are providing. The per diem is designed to assist foster parents with the added expense of adding another child, and often times multiple siblings, to their household. Even though this small amount does not cover the cost of raising a child, foster families are able to use the funds towards food, clothing, and supplies needed for the daily care of the foster child.

    Expenses $3,604,824 · Revenue $6,469,874

  • Foster Child and Foster Family Support: FaithBridge provides placement support and trauma informed case management services for foster children that are placed in FaithBridge foster family homes. FaithBridge foster children range from birth to 21 years of age and all have entered foster care due to abuse and/or neglect. In 2022, FaithBridge placed 118 new foster children in FaithBridge foster homes and served a total of 327 children. When returning home was not possible, 41 children were adopted by their FaithBridge foster family.

    Expenses $1,296,523

  • Foster Home Development and Retention: In 2022, through the local church, FaithBridge recruited, trained, and licensed 54 new foster families and supported over 150 foster homes.

    Expenses $991,840

  • Child Placements and Program Enhancements: In 2022, FaithBridge received 1,673 referrals for foster children and placed 118 new children in FaithBridge foster homes. Through the FaithBridge quality department, a clinical advisory team reviewed and assessed children and families that needed increased support and ensured services were obtained to meet the children's clinical needs. In addition, FaithBridge implemented an annual quality improvement plan to enhance services to the foster children and improve training for the foster families.

    Expenses $379,946

  • 2022 Foster Care Awareness and Church Partnerships: - Recruited 438 individuals to participate in Encounter through separate events hosted virtually by FaithBridge or within partner churches - 42 virtual and 25 live. - Launched 4 new church partnerships. - Created a new pre-Encounter event, Fostering Connections, to reignite church ministries with all new materials created by Marketing. - Achieved a rate of 30% for Encounter attendees who register for Foundations within 60 days. - Provided the following trainings for church leaders: Introduction to FaithBridgeU and Being Trauma Informed in Your Ministry with Ryan North. - Trained 6 MTLs on the New Encounter Presentation to be able to present their live Encounters.

    Expenses $305,528

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leslie Kurtz

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Richard L Jackson

    Chairman

    Total calculated
    $0
    Hours/week
    4

  • Wayne Stolz

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Charlie Evans

    Director

    Total calculated
    $0
    Hours/week
    2

  • Laurence H Powell

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bob Bruder-Mattson

    President and CEO

    Total calculated
    $0
    Hours/week
    40

  • Kelvin Stewart

    Vice President of Finance

    Total calculated
    $134,342
    From this org
    $122,744
    From related orgs
    $0
    Other
    $11,598
    Hours/week
    40

  • David Deal

    VP Marketing and Community Engagement

    Total calculated
    $188,015
    From this org
    $147,848
    From related orgs
    $0
    Other
    $40,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,848
    Bonus
    $0
    Other
    $0
    Deferred
    $13,153
    Nontaxable benefits
    $27,014
    Filer's total
    $188,015

  • Jessi Esterling

    VP of Foster Care Ops

    Total calculated
    $161,417
    From this org
    $120,142
    From related orgs
    $0
    Other
    $41,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,155
    Bonus
    $6,987
    Other
    $0
    Deferred
    $11,444
    Nontaxable benefits
    $29,831
    Filer's total
    $161,417

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

None.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FaithBridge Psychological Services LLC

    Therapy for foster children · GA · income $0 · assets $0

    Directly controlled by FaithBridge Foster Care Inc

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202323049349302177

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