Fostering Futures
- Assets
- $376.7k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Ann Arbor, MI
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-0267132
Organization Overview
Fostering Futures is located in Ann Arbor, MI. The organization was established in 2010. 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 Futures employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostering Futures 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 Futures generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 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
TO PROVIDE A SAFE, HEALTHY, INFORMED AND SUPPORTIVE ENVIRONMENT WHERE ALL PEOPLE CAN GROW AND THRIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERING FUTURES IS A NON-PROFIT CHILD PLACEMENT AGENCY FOUNDED ON A STRONG COMMITMENT TO PROVIDING THE BEST SERVICES TO CHILDREN AND FAMILIES IN THE FOSTER CARE SYSTEM. IT PROVIDES A SAFE HAVEN FOR ALL THAT RECEIVE SERVICES OR EMPLOYMENT UNDER ITS NAME. ITS PHILOSOPHY IS BASED ON THE FOUNDATION OF SOUND CLINICAL PRACTICE AND A GOAL TO MEET THE THERAPEUTIC NEEDS OF CHILDREN AND THEIR FAMILIES WITH A SYSTEMATIC AND PSYCHOTHERAPEUTIC APPROACH TO TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany Valliere CFO | Officer | 40 | $100,432 |
Jennifer Milliman Executive Director | Officer | 40 | $99,288 |
Scott Noesen Board Chair Treasurer | OfficerTrustee | 1 | $0 |
Sarah Hoerauf Secretary | OfficerTrustee | 1 | $0 |
Ann Arbaugh Member At Large | Trustee | 1 | $0 |
Marina Fienup Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,498,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,511,360 |
| 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 | $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 | $1,562,976 |
| 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. | $217,880 |
| Compensation of current officers, directors, key employees. | $185,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $773,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,642 |
| Payroll taxes | $81,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,407 |
| Advertising and promotion | $0 |
| Office expenses | $31,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,097 |
| Travel | $58,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,985 |
| Interest | $1,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,322 |
| Insurance | $38,339 |
| All other expenses | $22,283 |
| Total functional expenses | $1,514,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,417 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $291,254 |
| 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 | $30,223 |
| Net Land, buildings, and equipment | $4,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,659 |
| Accounts payable and accrued expenses | $70,750 |
| 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 | $10,367 |
| Unsecured mortgages and notes payable | $39,114 |
| Other liabilities | $0 |
| Total liabilities | $120,231 |
| Net assets without donor restrictions | $256,428 |
| 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 | $376,659 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fostering Futures has recieved totaling $66.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ennis Center For Children Inc Flint, MI | $5,584,723 | $17,419,199 |
Spaulding For Children Southfield, MI | $7,623,371 | $10,216,119 |
Cadence Care Network Niles, OH | $3,603,274 | $7,911,630 |
Ohio Teaching-Family Association Swanton, OH | $1,062,390 | $6,784,090 |
Children Have Options In Caring Environments Inc Dayton, OH | $1,950,175 | $5,061,139 |
Caring For Kids Inc Cuyahoga Falls, OH | $2,258,086 | $5,059,020 |
Anu Family Services Inc Hudson, WI | $1,968,643 | $4,725,579 |
Sojourners Care Network Mcarthur, OH | $2,182,507 | $4,193,596 |
Agape For Youth Inc Dayton, OH | $567,683 | $3,755,664 |
Youth Advocate Services Columbus, OH | $2,471,574 | $3,206,451 |
House Of Providence Oxford, MI | $4,144,149 | $3,471,318 |
A New Leaf Inc Kingston, OH | $2,017,359 | $3,341,527 |