The C Stephen And Frances B Foster Foundation
- Assets
- $1.6m
- Revenue
- -$48.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Weston, MA
- Founding
- 02/1983
- Data as of
- 12/2022
- EIN
- 04-2776591
Organization Overview
The C Stephen And Frances B Foster Foundation, operating under the name Foster Foundation, is located in Weston, MA. The organization was established in 1983. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foster Foundation 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 12/2022, Foster Foundation generated -$48.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $45.2k during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RESEARCH AND EDUCATION IN HEALTHCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE GIVEN TO DUKE UNIVERSITY AND THE FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY. GRANTS WERE GIVEN FOR THE PURPOSE OF RESEARCH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Stephen Foster MD President | 5 | $0 | |
Frances B Foster RN Treasurer And Clerk | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,656 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$68,782 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$48,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,816 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,811 |
| Total operating and administrative expenses | $20,227 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $45,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,349 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $52,120 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,392,825 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,290 |
| Total assets | $1,638,584 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The C Stephen And Frances B Foster Foundation has awarded $250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: TO SUPPORT RESEARCH | $100,000 |
FOUNDATION OF MASSACHSETTS EYE AND EAR PURPOSE: TO SUPPORT RESEARCH | $100,000 |
MGH ENDOWMENT PURPOSE: TO SUPPORT RESEARCH | $50,000 |