Fostering Restoration Ministries
- Assets
- $74.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-4165818
Organization Overview
Fostering Restoration Ministries is located in Midland, TX. The organization was established in 2019. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostering Restoration Ministries 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 Restoration Ministries generated $53.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $28.8k during the year ending 12/2021. While expenses have increased by 21.3% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie West Co-Founder | 40 | $0 | |
Danielle Runyan Board Member | 2 | $0 | |
Tyler West Co-Founder | 20 | $0 | |
Brenda Stice Board Member | 2 | $0 | |
Glenn Harwood Board Member | 2 | $0 | |
Ryan Riddle Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,901 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,901 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,191 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $116 |
| Other expenses | $27,451 |
| Total expenses | $28,758 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,940 |
| Other assets | $0 |
| Total assets | $74,940 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,940 |
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