The Foster Alliance
- Assets
- $11.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Phoenix, AZ
- Founding
- 02/1999
- Data as of
- 06/2024
- EIN
- 86-0935988
Organization Overview
The Foster Alliance is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2024, Foster Alliance employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foster Alliance 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 06/2024, Foster Alliance generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $5.3m during the year ending 06/2024. While expenses have increased by 7.2% per year over the past 9 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.
Since 2019, Foster Alliance has awarded 161 individual grants totaling $7,699,746. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOSTER ALLIANCE IS A NON-PROFIT ORGANIZATION PROVIDING BASIC ESSENTIAL (CONT'D ON SCH O) NEEDS TO BOYS AND GIRLS IN FOSTER CARE IN ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOSTER ALLIANCE IS THE LARGEST PROVIDER OF BASIC ESSENTIALS FOR THE FOSTER COMMUNITY THROUGHOUT ARIZONA. IN FYE 06/30/2024 WE PROVIDED: 8632 CHILDREN WITH A BED OR CRIB, CLOTHING, DIAPERS AND MORE. INCLUDED IN THE 8632 CHILDREN: 3861 CHILDREN RECEIVED BACKPACKS FILLED WITH SCHOOL SUPPLIES, 3241 PERSONALIZED BIRTHDAY GIFTS WERE GIVEN, AND 401 CHILDREN RECEIVED THEIR OWN FOOTLOCKER TO STORE PERSONAL POSSESSIONS. ADITIONALLY, 741 FOSTER AND KINSHIP FAMILIES WERE SUPPLIED WITH SAFETY ITEMS TO BECOME LICENSED FOSTER FAMILIES, AND HOLIDAYS WERE CELEBRATED FOR THOUSANDS.IN JUNE OF 2024 WE OPENED OUR FLAGSTAFF OFFICE IN ORDER TO CREATE BETTER ACCESS TO THE SERVICES WE PROVIDE. (CONT'D ON SCH O) THIS HAS RESULTED IN NOT ONLY MORE FAMILIES BEING SERVED BUT INCREASED COMMUNITY ENGAGEMENT AS MORE AND MORE INDIVIDUALS AND GROUPS DESIRED TO VOLUNTEER. WE ALSO ADDED A 2ND MOBILE UNIT IN ORDER TO PURSUE OUR COMMITMENT OF BEING, "WHERE THEY NEED US, WHEN THEY NEED US."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacie Shelby Vice Chairman | OfficerTrustee | 10 | $0 |
Sarah Vedas Treasurer | OfficerTrustee | 10 | $0 |
Kim Anderson Secretary | OfficerTrustee | 10 | $0 |
Jay Spector Chairman | OfficerTrustee | 10 | $0 |
Tom Moring Director | Trustee | 5 | $0 |
Rob Headley Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hairpin Consulting Software Implementation Services | 6/29/24 | $110,939 |
Your Part-time Controller Accounting Services | 6/29/24 | $128,005 |
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 | $5,245,879 |
| Noncash contributions included in lines 1a–1f | $2,029,794 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,245,879 |
| Total Program Service Revenue | $0 |
| Investment income | $183,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,050 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,045 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,439,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $264,354 |
| Grants and other assistance to domestic individuals. | $2,452,889 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $237,408 |
| Compensation of current officers, directors, key employees. | $59,352 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $994,665 |
| Pension plan accruals and contributions | $37,314 |
| Other employee benefits | $94,968 |
| Payroll taxes | $91,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,044 |
| Fees for services: Accounting | $239,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,682 |
| Fees for services: Other | $333,108 |
| Advertising and promotion | $79,225 |
| Office expenses | $25,139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,344 |
| Travel | $17,120 |
| 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 | $120,125 |
| Insurance | $15,471 |
| All other expenses | $0 |
| Total functional expenses | $5,256,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,399 |
| Savings and temporary cash investments | $3,785,069 |
| Pledges and grants receivable | $70,476 |
| 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 | $1,741,567 |
| Prepaid expenses and deferred charges | $21,352 |
| Net Land, buildings, and equipment | $3,454,852 |
| Investments—publicly traded securities | $1,864,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,099 |
| Total assets | $11,069,685 |
| Accounts payable and accrued expenses | $109,373 |
| 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 | $84,205 |
| Total liabilities | $193,578 |
| Net assets without donor restrictions | $10,704,622 |
| Net assets with donor restrictions | $171,485 |
| 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 | $11,069,685 |
Grants Awarded
Over the last fiscal year, The Foster Alliance has awarded $140,156 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DEPARTMENT OF CHILD SAFETY PURPOSE: ESSENTIAL NEEDS FOR THE FOSTER COMMUNITY | $31,637 |
HOPI TRIBAL SERVICES PURPOSE: ESSENTIAL NEEDS FOR THE FOSTER COMMUNITY | $6,743 |
GILA RIVER INDIAN COMMUNITY PURPOSE: ESSENTIAL NEEDS FOR THE FOSTER COMMUNITY | $57,847 |
DEPT OF FAMILY SERVICES -NAVAJO NATION PURPOSE: ESSENTIAL NEEDS FOR THE FOSTER COMMUNITY | $8,810 |
SUNSHINE ACRES PURPOSE: ESSENTIAL NEEDS FOR THE FOSTER COMMUNITY | $18,000 |
SHOE BOX MINISTRY PURPOSE: ESSENTIAL NEEDS FOR THE FOSTER COMMUNITY | $5,634 |