Fostering Hope Florida Inc
- Assets
- $134.9k
- Revenue
- $209.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Clearwater, FL
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 14-1910661
Organization Overview
Fostering Hope Florida Inc is located in Clearwater, FL. The organization was established in 2005. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Fostering Hope Florida Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostering Hope Florida 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 12/2021, Fostering Hope Florida Inc generated $209.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $182.5k during the year ending 12/2021. 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
THE MISSION OF FOSTERING HOPE FLORIDA IS TO PARTNER WITH THE COMMUNITY IN CREATING A COMPASSIONATE SYSTEM OF FOSTER CARE THAT HONORS AND PROTECTS THE RIGHTS OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERING HOPE FLORIDA, INC.'S APPROACH TO IMPROVE OUTCOMES FOR AT-RISK YOUTH IN FOSTER CARE IS TO CREATE A SYSTEM OF COMMUNITY-SUPPORT FOR FOSTER FAMILIES AND CHILDREN IN FOSTER CARE. THIS EFFORT IS BEING PURSUED THROUGH SEVERAL INITIATIVES: 1) PROVIDING COMMUNITY AWARENESS TO INCREASE SUPPORT BASE AND TO RECRUIT NEW FOSTER PARENTS: REACHED OVER 1000 PEOPLE WITH THIS CAMPAIGN. (CONTINUED, SCHEDULE O) 2) PROVIDING FREE SERVICES TO CHILDREN IN FOSTER CARE: SERVED OVER 300 INDIVIDUALS ANNUALLY (SERVICES INCLUDE: MENTORING, PROVIDING NECESSITIES: CLOTHING, TOILETRIES, DISTRIBUTING EDUCATIONAL MATERIAL, TRANSPORTATION, PROVIDING CAR SEATS, BEDS, TOYS). 3) OPERATING 3 COMMUNITY SUPPORTED GROUP HOMES FOR CHILDREN IN FOSTER CARE CALLED HOPE HOUSES: PROVIDED A HOME FOR 30 CHILDREN
FOSTERING HOPE FLORIDA, INC.'S APPROACH TO IMPROVE OUTCOMES FOR AT-RISK YOUTH IN FOSTER CARE IS TO CREATE A SYSTEM OF COMMUNITY-SUPPORT FOR FOSTER FAMILIES AND CHILDREN IN FOSTER CARE. THIS EFFORT IS BEING PURSUED THROUGH SEVERAL INITIATIVES: 1) PROVIDING COMMUNITY AWARENESS TO INCREASE SUPPORT BASE AND TO RECRUIT NEW FOSTER PARENTS: REACHED OVER 1000 PEOPLE WITH THIS CAMPAIGN. (CONTINUED, SCHEDULE O) 2) PROVIDING FREE SERVICES TO CHILDREN IN FOSTER CARE: SERVED OVER 300 INDIVIDUALS ANNUALLY (SERVICES INCLUDE: MENTORING, PROVIDING NECESSITIES: CLOTHING, TOILETRIES, DISTRIBUTING EDUCATIONAL MATERIAL, TRANSPORTATION, PROVIDING CAR SEATS, BEDS, TOYS). 3) OPERATING 3 COMMUNITY SUPPORTED GROUP HOMES FOR CHILDREN IN FOSTER CARE CALLED HOPE HOUSES: PROVIDED A HOME FOR 30 CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Fay Vice Pres | Officer | $0 | |
Raquelle Hale Director | Officer | $0 | |
Patricia Hole Secretary | Officer | $0 | |
Heather Strassel Director | Officer | $0 | |
Debra Thomson Director | Officer | $0 | |
Gloria A West-Lawson President/tr | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,160 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,080 |
| Net Income from Fundraising Events | $15,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,907 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $621 |
| Advertising and promotion | $2,824 |
| Office expenses | $3,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,690 |
| Travel | $250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,280 |
| Insurance | $706 |
| All other expenses | $7,129 |
| Total functional expenses | $182,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $101,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $322 |
| Total assets | $134,920 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $152,586 |
| Total liabilities | $152,586 |
| Net assets without donor restrictions | -$17,666 |
| Net assets with donor restrictions | $0 |
| 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 | $134,920 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fostering Hope Florida Inc has recieved totaling $20,444.
| Awarding Organization | Amount |
|---|---|
Leslie L Alexander Foundation Delray Beach, FL PURPOSE: CHILDREN'S CHARITY | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $444 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighbor To Family Daytona Beach, FL | $1,980,728 | $9,839,505 |
Faithbridge Foster Care Inc Alpharetta, GA | $1,803,240 | $7,652,118 |
Georgia Sheriffs Youth Homes Inc Madison, GA | $21,858,053 | $5,380,264 |
Community Connections Inc Stone Mountain, GA | $2,076,544 | $3,338,180 |
Childkind Inc Tucker, GA | $548,950 | $3,322,766 |
Service Management Solutions For Children Inc Gainesville, FL | $2,395,848 | $2,913,355 |
Fort Lauderdale Independence Training & Education Center Inc Fort Lauderdale, FL | $895,332 | $2,790,852 |
Foster Care Review Inc Miami, FL | $567,767 | $1,613,590 |
Make Way Partners Corporation Chelsea, AL | $16,440 | $806,126 |
Hope Youth Ranch Inc Hudson, FL | $2,416,084 | $2,257,707 |
Childrens Hope Montgomery, AL | $1,440,421 | $1,330,525 |
Ready For Life Inc Largo, FL | $401,515 | $1,074,608 |