Foster Source
- Assets
- $329.0k
- Revenue
- $987.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Thornton, CO
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-2922749
Organization Overview
Foster Source is located in Thornton, CO. The organization was established in 2017. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Foster Source employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foster Source 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 Source generated $987.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.9% each year . All expenses for the organization totaled $987.4k during the year ending 12/2023. 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 PROVIDE RELEVANT TRAINING, RESOURCES AND SUPPORT TO FOSTER AND KINSHIP PARENTS FROM A TRAUMA-INFORMED APPROACH, GIVING THEM SKILLS AND CONFIDENCE TO SPARK HEALING IN VULNERABLE CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER SOURCE SERVED WELL OVER 4000 FOSTER AND KINSHIP CAREGIVERS AND CHILDREN WITH HOLISTIC, WRAP-AROUND SERVICES TO STABILIZE AND RETAIN PLACEMENTS. IN THE LEARNING SOURCE, 3054 CLASS SURVEYS WERE RECEIVED FROM 966 CAREGIVERS THAT WERE ACTIVE IN 2023. 518 UNIQUE FAMILIES WERE PROVIDED 3,635 HARD GOOD ITEMS TO MAKE PLACEMENT POSSIBLE OR TO MAINTAIN PLACEMENTS. ITEMS PROVIDED MOST WERE DIAPERS, MATTRESSES AND CAR SEATS. IN THERAPEUTIC SERVICES, 173 NEW CAREGIVERS BEGAN RECEIVING THERAPY, MAKING THE TOTAL OF ALL TIME CAREGIVERS REFERRED TO THERAPY 541. FOSTER SOURCE SPONSORED 2192 THERAPY SESSIONS IN 2023. EIGHT EQUINE THERAPY LABS WERE HOSTED AND INCLUDED A TOTAL OF 46 PARTICIPANTS. FOSTER SOURCE MATCHED 215 FAMILIES WITH RESPITE SERVICES FOR 313 KIDS. SIXTEEN FAMILIES USED THE AGENCY'S NEW ADVOCACY SERVICES. EIGHT AMBASSADORS IN 7 DISTRICTS WERE ACTIVE IN 2023 SERVING 1109 ADULTS AND 1793 CHILDREN OVER 73 EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Bernhard Executive Di | OfficerTrustee | 40 | $55,000 |
Rebecca Allen President | OfficerTrustee | 1 | $0 |
Maria Avila Secretary | OfficerTrustee | 1 | $0 |
Tonya Van Beber Board Member | Trustee | 1 | $0 |
Brian Bernhard Board Member | Trustee | 1 | $0 |
Sean Camacho Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,418 |
| Related organizations | $0 |
| Government grants | $452,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,066 |
| Noncash contributions included in lines 1a–1f | $121,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $991,103 |
| 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 | -$4,092 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $987,011 |
| 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. | $55,000 |
| Compensation of current officers, directors, key employees. | $27,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,248 |
| Payroll taxes | $15,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,529 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,730 |
| Office expenses | $9,678 |
| Information technology | $9,867 |
| Royalties | $0 |
| Occupancy | $3,965 |
| Travel | $8,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,183 |
| Insurance | $12,058 |
| All other expenses | $1,763 |
| Total functional expenses | $987,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $52,923 |
| 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 | $0 |
| Net Land, buildings, and equipment | $17,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $329,005 |
| Accounts payable and accrued expenses | $69,738 |
| 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 | $0 |
| Total liabilities | $69,738 |
| Net assets without donor restrictions | $192,477 |
| Net assets with donor restrictions | $66,790 |
| 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 | $329,005 |