Faithbridge Foster Care Inc
- Assets
- $2.0m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 51
- Location
- Alpharetta, GA
- Founding
- 06/2007
- Data as of
- 12/2023
- 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 12/2023, Faithbridge Foster Care Inc employed 51 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 12/2023, Faithbridge Foster Care Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $8.1m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
2023
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
FOSTER CHILD AND FOSTER FAMILY SUPPORT: FAITHBRIDGE PROVIDES PLACEMENT SUPPORT AND TRAUMA-INFORMED CASE MANAGEMENT SERVICES FOR FOSTER CHILDREN WHO 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 2023, FAITHBRIDGE SERVED A TOTAL OF 336 CHILDREN. WE SAW 83 CHILDREN REUNIFIED WITH THEIR BIRTH FAMILIES AND WHEN RETURNING HOME WAS NOT POSSIBLE, 28 CHILDREN WERE ADOPTED BY THEIR FAITHBRIDGE FOSTER FAMILY.
FOSTER HOME RECRUITMENT AND DEVELOPMENT: FAITHBRIDGE RECRUITS, TRAINS, AND SUPPORTS FOSTER AND ADOPTIVE FAMILIES IN LOCAL CHURCHES. WE LICENSE THEM TO PROVIDE COMMUNITY-BASED, SHORT-AND LONG-TERM TRADITIONAL, MEDICALLY FRAGILE, AND THERAPEUTIC CARE AS WELL AS ADOPTIVE HOMES FOR FOSTER CHILDREN IN GEORGIA. IN 2023 FAITHBRIDGE LAUNCHED FOUR NEW CHURCH PARTNERS. THROUGH THESE PARTNERS, FAITHBRIDGE RECRUITED, TRAINED, AND LICENSED 51 NEW FOSTER, ADOPTIVE, AND RESPITE FAMILIES AND SUPPORTED MORE THAN 250 FOSTER HOMES.
ADOPTION AND CHILD LIFE HISTORY: EACH YEAR, APPROXIMATELY 1,600 CHILDREN IN GEORGIA'S FOSTER CARE SYSTEM NEED FAMILIES WHO WILL ADOPT THEM. FAITHBRIDGE WORKS TO FIND ADOPTIVE HOMES FOR THESE CHILDREN - SPECIFICALLY TEENS, SIBLING GROUPS OF THREE OR MORE, AND CHILDREN WITH SPECIAL NEEDS. FAITHBRIDGE ALSO WORKS WITH THE STATE OF GEORGIA TO PROVIDE CHILD LIFE HISTORIES (COMPILATIONS OF OFFICIAL DOCUMENTS SUCH AS BIRTH CERTIFICATES AND MEDICAL HISTORIES, AND HISTORICAL INFORMATION LIKE BIRTH FAMILY DETAILS AND SCHOOL RECORDS) FOR CHILDREN WHO ARE ELIGIBLE FOR ADOPTION, ENSURING THAT THEY HAVE ALL OF THEIR REQUIRED DOCUMENTS TO BE ADOPTED. IN 2023, IN THE ADOPTION PROGRAM'S EARLY STAGES, FAITHBRIDGE MATCHED TWO FAMILIES WITH CHILDREN WAITING IN THE FOSTER CARE SYSTEM TO BE ADOPTED, RESULTING IN FOUR CHILDREN FINDING THEIR FOREVER HOMES. ADDITIONALLY, FAITHBRIDGE COMPLETED 687 CHILD LIFE HISTORIES, MAKING ADOPTION POSSIBLE FOR EACH CHILD.
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 |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 4 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed President And CEO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $555,057 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,256,666 |
| Noncash contributions included in lines 1a–1f | $21,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,836,723 |
| Total Program Service Revenue | $6,072,451 |
| Investment income | $9,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$70,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,866,843 |
| 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. | $141,461 |
| Compensation of current officers, directors, key employees. | $141,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,840,622 |
| Pension plan accruals and contributions | $56,685 |
| Other employee benefits | $598,479 |
| Payroll taxes | $239,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,310 |
| Fees for services: Accounting | $32,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $486,870 |
| Advertising and promotion | $62,725 |
| Office expenses | $152,651 |
| Information technology | $112,380 |
| Royalties | $0 |
| Occupancy | $11,550 |
| Travel | $137,740 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,868 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,093 |
| Insurance | $102,821 |
| All other expenses | $0 |
| Total functional expenses | $8,050,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,073,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $595,332 |
| 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 | $63,763 |
| Net Land, buildings, and equipment | $222,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,955,086 |
| Accounts payable and accrued expenses | $592,977 |
| 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 | $1,028 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $594,005 |
| Net assets without donor restrictions | $1,099,253 |
| Net assets with donor restrictions | $261,828 |
| 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 | $1,955,086 |