Foundation For Foster Children Inc
- Assets
- $2.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Winter Park, FL
- Founding
- 06/2008
- Data as of
- 12/2023
- EIN
- 26-1682601
Organization Overview
Foundation For Foster Children Inc is located in Winter Park, FL. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Foundation For Foster Children Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Foster Children 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, Foundation For Foster Children Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 11.1% 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
OUR MISSION IS TO CREATE MEANINGFUL CONNECTIONS FOR CHILDREN IN FOSTER CARE THROUGH PERSONALIZED SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE:PROVIDES PERSONALIZED EDUCATIONAL SERVICES TO HELP STUDENTS IN FOSTER CARE EXPERIENCE ACADEMIC SUCCESS IN ORANGE, SEMINOLE, AND OSCEOLA COUNTIES. MOST IMPORTANTLY, CHILDREN WERE GIVEN AN OPPORTUNITY TO CREATE CONCRETE GOALS AND DEVELOP VALUABLE LIFE SKILLS, SUCH AS SELF-AWARENESS, CRITICAL THINKING, EFFECTIVE COMMUNICATION, EMPATHY, AND ACCOUNTABILITY. IN 2022, 94% IMPROVED ACADEMIC PERFORMANCE, 100% OF SENIORS GRADUATED, 100% OF STUDENTS WERE PROMOTED TO THE NEXT GRADE LEVEL AND 16,124 HOURS OF TUTORING ALONG WITH 396 LAPTOPS AND LEARNING TOOLS.
ENRICHMENT: THIS PROGRAM RELIEVES THE FINANCIAL OBSTACLES FACING CHILDREN IN FOSTER CARE SO THAT THEY CAN PARTICIPATE IN ACTIVITIES THAT PROVIDE POSITIVE LIFE EXPERIENCES. BY FUNDING COMMUNITY-BASED ATHLETICS, ARTS, MUSIC, FIELD TRIPS, SCHOOL ACTIVITIES, AND SUMMER CAMP EXPERIENCES, YOUTHS LEARN INDEPENDENCE, BUILD SELF-ESTEEM AND CONFIDENCE. FFC IS COMMITTED TO SUPPORTING AND PROVIDING SERVICES AND OPPORTUNITIES THAT PROMOTE POSITIVE DEVELOPMENT. IN 2022, 339 YOUTH ATTENDED SUMMER CAMP OR A NORMALCY OPPORTUNITY, 431 YOUTH EXPERIENCED A CULTURAL EVENT, 430 YOUTH ENROLLED IN EXTRACURRICULAR OPPORTUNITIES, 102 YOUTH ATTENDED SCHOOL EXPERIENCES, AND 179 BIRTHDAY CELEBRATIONS WERE PROVIDED.
EMPOWER:THE EMPOWER PROGRAM PROVIDES DIRECT ASSISTANCE AND MENTORING (ADVOCATES) TO HELP FOSTER YOUTH (AGES 14-24) NAVIGATE THROUGH THE CHALLENGING TRANSITION FROM STATE CARE TO SUCCESSFUL INDEPENDENT LIVING. ASSISTANCE INCLUDES HOUSING DEPOSITS/FEES, HOUSEHOLD STARTER KITS, DRIVERS' LICENSES, COLLEGE TEXTBOOKS AND COMPUTERS. MATCHED BY SIMILAR INTERESTS, ADVOCATES AND FOSTER YOUTH WORK TOGETHER OVER A 12-WEEK PERIOD. WHETHER THEY'RE STARTING COLLEGE, VOCATIONAL TRAINING, A NEW JOB, OR LIVING ALONE IN A NEW APARTMENT FOR THE FIRST TIME, OUR PROGRAM PROVIDES A STABLE RELATIONSHIP LEADING TO A POSITIVE OUTCOME. IN 2022, 325 YOUTH RECEIVED TRANSITION TO ADULTHOOD OPPORTUNITIES, 92% ARE WORKING WITH A STAFF ADVOCATE, 90% OF GRADUATES ARE EMPLOYED OR ENROLLED IN POST-SECONDARY EDUCATION, AND 98% OF YOUTH OVER 18 ARE IN STABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celeste Thacker President | OfficerTrustee | 5 | $0 |
Holly Greer Immediate Past President | OfficerTrustee | 2 | $0 |
Michelle Chira Carlton Director | Trustee | 2 | $0 |
Keith Coker Director | Trustee | 5 | $0 |
Sejal Patel Vice President | OfficerTrustee | 5 | $0 |
Jennifer Spooner Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $199,032 |
| Related organizations | $0 |
| Government grants | $680,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,221,142 |
| Noncash contributions included in lines 1a–1f | $60,145 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,100,288 |
| Total Program Service Revenue | $35,834 |
| Investment income | $26,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,523 |
| 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 | $2,156,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $651,977 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,942 |
| Compensation of current officers, directors, key employees. | $20,247 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,118,180 |
| Pension plan accruals and contributions | $25,681 |
| Other employee benefits | $200,115 |
| Payroll taxes | $101,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,501 |
| Advertising and promotion | $0 |
| Office expenses | $35,261 |
| Information technology | $60,481 |
| Royalties | $0 |
| Occupancy | $60,193 |
| Travel | $81,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,222 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,230 |
| Insurance | $12,408 |
| All other expenses | $0 |
| Total functional expenses | $2,709,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,045 |
| Savings and temporary cash investments | $60,331 |
| Pledges and grants receivable | $609,436 |
| 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 | $5,551 |
| Net Land, buildings, and equipment | $703,516 |
| Investments—publicly traded securities | $534,191 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,238 |
| Total assets | $2,305,308 |
| Accounts payable and accrued expenses | $23,875 |
| 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 | $7,700 |
| Total liabilities | $31,575 |
| Net assets without donor restrictions | $1,387,446 |
| Net assets with donor restrictions | $886,287 |
| 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 | $2,305,308 |