Orphan Foundation Of America Orph
- Assets
- $17.3m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Cleveland, OH
- Founding
- 04/1982
- Data as of
- 12/2023
- EIN
- 52-1238437
Organization Overview
Orphan Foundation Of America Orph, operating under the name Foster Care To Success, is located in Cleveland, OH. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Foster Care To Success employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foster Care To Success 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, Foster Care To Success generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE ACADEMIC AND CAREER SUPPORT AND FUNDING TO YOUTH WHO WERE ORPHANED OR IN THE FOSTER CARE SYSTEM SO THEY CAN ENTER THE WORKFORCE AND BECOME PRODUCTIVE, SELF-SUFFICIENT ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRAINING VOUCHERS - ADMINISTERING STATE GRANTS, TUITION WAIVERS AND OTHER FUNDS TO 1,757 STUDENTS ATTENDING 966 POSTSECONDARY INSTITUTIONS (TRAINING PROGRAMS, COMMUNITY COLLEGES AND UNIVERSITIES). THE PROGRAM IS NATIONAL; HOWEVER, FOCUS IS ON THE EIGHT STATES OF ALABAMA, ARIZONA, MARYLAND, MISSOURI, NORTH CAROLINA, AND OHIO. STUDENTS RECEIVE PERSONALIZED COACHING AND ENCOURAGEMENT, LEADERSHIP OPPORTUNITIES AND CARE PACKAGES.
STUDENT SUPPORT SERVICES: PROVIDING INTENSIVE INDIVIDUAL SUPPORT TO 800+ STUDENTS INCLUDING MONEY MANAGEMENT AND BUDGETING FINANCIAL AID, POSTSECONDARY SUCCESS AND CAREER AND EMPLOYMENT PLANNING.
SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO ARE PROVIDED WITH INDIVIDUALIZED SUPPORT TO ADDRESS THEIR ACADEMIC, CAREER, PERSONAL AND FINANCIAL CONCERNS. SCHOLARSHIPS ARE GRANTED BASED ON A COMBINATION OF MERIT AND NEED, TO 148 ATTENDING POSTSECONDARY INSTITUTIONS NATIONWIDE.
SECURING ITEMS, PACKING AND MAILING 2000+ BOXES EACH ACADEMIC YEAR AND WORKING WITH BUSINESS AND COMMUNITY GROUPS THROUGHOUT THE COUNTRY TO SEND CARE PACKAGES TO FC2S STUDENTS. THESE BOXES ARE A TANGIBLE DEMONSTRATION OF THE CARE AND CONCERN FELT BY PEOPLE NATIONWIDE TOWARDS YOUNG PEOPLE IN FOSTER CARE; EACH BOX CONTAINS ITEMS BOTH NECESSARY TO AND DESIRED BY COLLEGE STUDENTS, ALONG WITH PERSONAL CARDS AND NOTES FROM VOLUNTEERS. ANNUALLY FOR VALENTINE'S DAY, EACH STUDENT GETS A HAND-CRAFTED RED SCARF WHICH BECOMES, FOR MANY, A TREASURED KEEPSAKE.
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 |
|---|---|---|---|
Eileen Mccaffrey Executive Director | OfficerTrustee | 45 | $256,462 |
Gina Stracuzzi President | OfficerTrustee | 1 | $0 |
Kevin Butler Treasurer | OfficerTrustee | 1 | $0 |
Richard Bienvenue Secretary | OfficerTrustee | 1 | $0 |
James Foti Director | OfficerTrustee | 1 | $0 |
Kim Lash Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richweb Inc It Services | 12/30/23 | $156,646 |
Your Part-time Controller Llc Accounting | 12/30/23 | $118,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,117,825 |
| Noncash contributions included in lines 1a–1f | $30,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,117,825 |
| Total Program Service Revenue | $5,414,380 |
| Investment income | $142,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$59,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,615,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,284,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $359,161 |
| Compensation of current officers, directors, key employees. | $26,844 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,570 |
| Payroll taxes | $60,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,137 |
| Fees for services: Accounting | $10,462 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,547 |
| Fees for services: Other | $122,237 |
| Advertising and promotion | $0 |
| Office expenses | $78,704 |
| Information technology | $191,429 |
| Royalties | $0 |
| Occupancy | $57,388 |
| Travel | $14,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,323 |
| Insurance | $14,031 |
| All other expenses | $2,908 |
| Total functional expenses | $6,776,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,637,860 |
| Pledges and grants receivable | $1,505,912 |
| 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 | $16,096 |
| Net Land, buildings, and equipment | $18,803 |
| Investments—publicly traded securities | $6,890,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,055 |
| Other assets | $194,094 |
| Total assets | $17,269,947 |
| Accounts payable and accrued expenses | $157,257 |
| Grants payable | $0 |
| Deferred revenue | $1,186,530 |
| 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 | $202,098 |
| Total liabilities | $1,545,885 |
| Net assets without donor restrictions | $14,067,328 |
| Net assets with donor restrictions | $1,656,734 |
| 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 | $17,269,947 |