Foster Forward
- Assets
- $3.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 29
- Location
- East Providence, RI
- Founding
- 04/1996
- Data as of
- 09/2021
- EIN
- 05-0486797
Organization Overview
Foster Forward is located in East Providence, RI. The organization was established in 1996. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 09/2021, Foster Forward employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foster Forward 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 09/2021, Foster Forward generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $2.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER FORWARD'S MISSION IS TO EMPOWER LIVES IMPACTED BY FOSTER CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL, MENTORING AND OTHER FORMS OF SUPPORT TO FAMILIES THAT PROVIDE FOSTER CARE TO CHILDREN, AND TO HELP FOSTER CHILDREN RECONNECT WITH IMPORTANT PEOPLE IN THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Guillette Executive Director | Officer | 40 | $144,423 |
Claudia Mojowski Immediate Past President | OfficerTrustee | 1 | $0 |
Jerry Perez President | OfficerTrustee | 1 | $0 |
John Conforti Treasurer | OfficerTrustee | 1 | $0 |
David Pelligrino Secretary | OfficerTrustee | 1 | $0 |
Patrick T Lebeau Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,803,434 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,213,165 |
| Total Program Service Revenue | $0 |
| Investment income | $14,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $260,616 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,499,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,423 |
| Compensation of current officers, directors, key employees. | $14,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $757,116 |
| Pension plan accruals and contributions | $16,334 |
| Other employee benefits | $149,144 |
| Payroll taxes | $73,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $68,887 |
| Royalties | $0 |
| Occupancy | $82,884 |
| Travel | $5,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,571 |
| Interest | $13,489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,738 |
| Insurance | $51,037 |
| All other expenses | $156,263 |
| Total functional expenses | $2,083,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,545 |
| Savings and temporary cash investments | $530,014 |
| Pledges and grants receivable | $281,453 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,468 |
| Net Land, buildings, and equipment | $1,249,555 |
| Investments—publicly traded securities | $1,150,297 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $660 |
| Total assets | $3,594,992 |
| Accounts payable and accrued expenses | $89,050 |
| Grants payable | $0 |
| Deferred revenue | $373,231 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $324,551 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $786,832 |
| Net assets without donor restrictions | $2,696,658 |
| Net assets with donor restrictions | $111,502 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,594,992 |
Grants Awarded
Over the last fiscal year, Foster Forward has awarded $146,146 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Works Womders | $140,146 |
RHODE ISLAND COLLEGE PURPOSE: Works Wonders | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foster Forward has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Harry M Miriam C & William C Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berkshire Family And Individual Resources Inc North Adams, MA | $16,258,549 | $17,002,550 |
Northeast Center For Youth And Families Inc Easthampton, MA | $7,991,386 | $10,340,558 |
Father Flanagans Boys Home Portsmouth, RI | $5,166,992 | $8,067,705 |
Domus Kids Inc Stamford, CT | $13,735,559 | $8,523,400 |
Masonicare At Home Inc Wallingford, CT | $1,234,861 | $7,327,173 |
Agape International Inc Medfield, MA | $783,915 | $3,843,040 |
Beta Community Partnerships Inc Attleboro, MA | $3,347,724 | $5,696,845 |
Mcauley-Nazareth Home For Boys Inc Leicester, MA | $6,767,124 | $4,025,364 |
American Friends Of The Episcopal Diocese Of Jerusalem Darien, CT | $1,966,877 | $2,605,690 |
Cornerstone Adult Services Warwick, RI | $1,593,080 | $2,399,332 |
Community Family Inc Everett, MA | $7,022,667 | $3,425,025 |
Foster Forward East Providence, RI | $3,594,992 | $2,499,249 |