Fostering Hope
- Assets
- $3.3m
- Revenue
- $111.1k
- Investments
- $526.2k
- Employees
- 2
- Location
- Madison, SD
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 46-5691980
Organization Overview
Fostering Hope is located in Madison, SD. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Fostering Hope employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostering Hope 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 generated $111.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $134.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND FACILITATE CAMPS, MENTORING CLUBS, RETREATS, AND OTHER OPPORTUNITIES FOR FOSTER CHILDREN AND DISADVANTAGED YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyssa Broin President | 3 | $0 | |
Aaron Riswold Vp, Treasure | 3 | $0 | |
Kari Parham Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,000 |
| Interest on Savings | $63 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,070 |
| Total Revenue | $111,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $104,822 |
| Taxes | $0 |
| Depreciation | $27,701 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,693 |
| Total operating and administrative expenses | $134,216 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $134,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,709 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,538,482 |
| Other assets | $7,775 |
| Total assets | $3,264,135 |
| Accounts payable and accrued expenses | $90,708 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,700,000 |
| Other liabilities | $0 |
| Total liabilities | $1,790,708 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fostering Hope has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Davids Center Minnetonka, MN | $22,036,571 | $23,440,337 |
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Achieve Twin Cities Minneapolis, MN | $9,710,050 | $5,735,316 |
Completely Kids Omaha, NE | $26,441,934 | $8,738,088 |
The Sanneh Foundation Inc St Paul, MN | $8,014,398 | $5,568,906 |
Minnesota Alliance With Youth Minneapolis, MN | $2,129,148 | $3,889,585 |
Circus Of The Star St Paul, MN | $2,488,927 | $3,369,220 |
Juxtaposition Inc Minneapolis, MN | $8,534,205 | $7,058,900 |
Cheyenne River Youth Project Inc Eagle Butte, SD | $6,953,670 | $4,891,646 |
Big Sky Youth Empowerment Project Inc Bozeman, MT | $3,023,450 | $1,915,120 |
Hope 4 Youth Coon Rapids, MN | $3,066,603 | $1,492,363 |
Ingham-Okoboji Lutheran Bible Camp Assn Milford, IA | $4,640,710 | $1,670,421 |