Foster Charitable Foundation Inc
- Assets
- $1.8m
- Revenue
- $121.7k
- Investments
- $170.4k
- Employees
- 0
- Location
- Kerrville, TX
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 02-0653934
Organization Overview
Foster Charitable Foundation Inc is located in Kerrville, TX. The organization was established in 2003. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foster Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Foster Charitable Foundation Inc generated $121.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $430.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Foster Charitable Foundation Inc has awarded 17 individual grants totaling $122,933. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLON CANCER AWARENESS RADIO ADVERTISING CAMPAIGN RADIO ADVERTISING BUYS TO EDUCATE THE PUBLIC RAISE AWARENESS OF COLON CANCER AND AND ENCOURAGE CHECKUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana S Smith President & Dir | 40 | $158,353 | |
John Christopher Doyle Director & Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,468 |
| Dividends & Interest | $3,370 |
| Net Rental Income | -$18,497 |
| Net Gain on Sale of Assets | $5,759 |
| Capital Gain Net Income | $5,759 |
| Net ST Capital Gain | $5,759 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,671 |
| Total Revenue | $121,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $158,353 |
| Other employee salaries and wages | $6,560 |
| Pension plans, employee benefits | $30,733 |
| Interest | $0 |
| Taxes | $79,877 |
| Depreciation | $28,434 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,348 |
| Printing and publications | $0 |
| Other expenses | $98,538 |
| Total operating and administrative expenses | $429,679 |
| Contributions, gifts, grants paid | $725 |
| Total expenses and disbursements | $430,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,736 |
| Savings and temporary cash investments | $623,546 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $41,972 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $746,683 |
| Investments—mortgage loans | $0 |
| Investments—other | $170,424 |
| Net Land, buildings, and equipment | $19,404 |
| Other assets | $0 |
| Total assets | $1,828,765 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,208 |
| Total liabilities | $4,208 |
Grants Awarded
Over the last fiscal year, Foster Charitable Foundation Inc has awarded $725 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JDRF FOUNDATION PURPOSE: UNRESTRICTED GIFT | $500 |
CHRISTIAN ARMY PURPOSE: UNRESTRICTED GIFT | $225 |