Faithbridge Foster Care Inc
- Assets
- $1.8m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 49
- Location
- Alpharetta, GA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-5162251
Organization Overview
Faithbridge Foster Care Inc is located in Alpharetta, GA. The organization was established in 2007. 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, Faithbridge Foster Care Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithbridge Foster Care 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, Faithbridge Foster Care Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MOBILIZE AND EQUIP FAMILIES, AND THEIR LOCAL CHURCHES, TO PROVIDE EFFECTIVE FOSTER CARE SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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 2021, FAITHBRIDGE PLACED 147 NEW FOSTER CHILDREN IN FAITHBRIDGE FOSTER HOMES AND SERVED A TOTAL OF 385 CHILDREN. WHEN RETURNING HOME WAS NOT POSSIBLE, 33 CHILDREN WERE ADOPTED BY THEIR FAITHBRIDGE FOSTER FAMILY.
FOSTER HOME DEVELOPMENT AND RETENTION:IN 2021, THROUGH THE LOCAL CHURCH, FAITHBRIDGE RECRUITED, TRAINED, AND LICENSED 68 NEW FOSTER FAMILIES AND SUPPORTED OVER 250 FOSTER HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelvin Stewart Director Of Finance | Officer | 40 | $116,739 |
Jessi Esterling VP Of Foster Care Ops | 40 | $111,949 | |
Richard L Jackson Chairman | OfficerTrustee | 4 | $0 |
Wayne Stolz Secretary | OfficerTrustee | 2 | $0 |
Michael C Kendrick Treasurer | OfficerTrustee | 2 | $0 |
Bob Bruder-Mattson President And CEO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $489,752 |
| All other contributions, gifts, grants, and similar amounts not included above | $828,631 |
| Noncash contributions included in lines 1a–1f | $13,181 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,318,383 |
| Total Program Service Revenue | $6,315,630 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,652,118 |
| 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. | $126,983 |
| Compensation of current officers, directors, key employees. | $126,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,006,050 |
| Pension plan accruals and contributions | $39,254 |
| Other employee benefits | $487,648 |
| Payroll taxes | $159,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,683 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,552 |
| Advertising and promotion | $62,998 |
| Office expenses | $112,483 |
| Information technology | $171,524 |
| Royalties | $0 |
| Occupancy | $65,933 |
| Travel | $35,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,688 |
| Interest | $1,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,738 |
| Insurance | $118,656 |
| All other expenses | $0 |
| Total functional expenses | $6,891,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,001,044 |
| Savings and temporary cash investments | $159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $571,449 |
| 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 | $40,336 |
| Net Land, buildings, and equipment | $190,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,803,240 |
| Accounts payable and accrued expenses | $461,373 |
| 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 | $110,073 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $571,446 |
| Net assets without donor restrictions | $1,214,613 |
| Net assets with donor restrictions | $17,181 |
| 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 | $1,803,240 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Faithbridge Foster Care Inc has recieved totaling $222,050.
| Awarding Organization | Amount |
|---|---|
Joseph B Whitehead Foundation Atlanta, GA PURPOSE: SUPPORT OF INITIATIVE TO RECRUIT FOSTER FAMILIES FOR CHILDREN AGE 13 AND OLDER. | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $81,450 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $12,950 |
Pulte Family Charitable Foundation Boca Raton, FL PURPOSE: TO SUPPORT THE 13+ INITIATIVE, A SERVICE RECRUITMENT MODEL DESIGNED TO INCREASE THE NUMBER OF FOSTER HOMES IN GEORGIA TO FOSTER CHILDREN AGES 13 AND UP | $10,000 |
Pulte Family Charitable Foundation Boca Raton, FL PURPOSE: TO SUPPORT THE 13+ INITIATIVE, A SERVICE RECRUITMENT MODEL DESIGNED TO INCREASE THE NUMBER OF FOSTER HOMES IN GEORGIA TO FOSTER CHILDREN AGES 13 AND UP | $10,000 |
Atlanta Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $7,500 |
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 |
Growing Home Southeast Inc Cayce, SC | $2,443,298 | $5,824,518 |
Georgia Sheriffs Youth Homes Inc Madison, GA | $21,858,053 | $5,380,264 |
Youth Town Of Tennessee Inc Jackson, TN | $4,037,865 | $4,281,456 |
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 |
Family Preservation Community Services Columbia, SC | $7,382,668 | $2,864,738 |
Isaiah 117 House Elizabethton, TN | $10,749,953 | $8,404,030 |
Foster Care Review Inc Miami, FL | $567,767 | $1,613,590 |