Foster Family Foundation
- Assets
- $1.5m
- Revenue
- $8.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Salado, TX
- Founding
- 01/2009
- Data as of
- 12/2023
- EIN
- 26-3505954
Organization Overview
Foster Family Foundation is located in Salado, TX. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foster Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Foster Family Foundation has awarded 77 individual grants totaling $754,400. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES.ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPTUNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morris E Foster President & Treasurer | 1 | $0 | |
Ryan H Foster Secretary | 1 | $0 | |
Ralston H Foster Director | 1 | $0 | |
Garrett C Foster Director | 1 | $0 | |
Janna Russell Director | 1 | $0 | |
Lanna Domangue Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $111 |
| Dividends & Interest | $41,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,521 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $693 |
| Total Revenue | $8,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $20 |
| Taxes | $915 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,269 |
| Total operating and administrative expenses | $16,204 |
| Contributions, gifts, grants paid | $125,100 |
| Total expenses and disbursements | $141,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,382 |
| 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 | $0 |
| Other assets | $1,500 |
| Total assets | $1,525,724 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Foster Family Foundation has awarded $125,100 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HELPING HAND HOME PURPOSE: GENERAL PURPOSE FUND | $1,000 |
BAYLOR SCOTT & WHITE CTF PURPOSE: PATIENT PATHWAYS PROGRAM FUND | $10,000 |
MFCC AUSTIN SAGRADO CORAZON PURPOSE: GENERAL PURPOSE FUND | $15,000 |
ROCKPORT FIRST BAPTIST CHURCH PURPOSE: YOUTH MINISTRY | $5,000 |
SALADO EDUCATION FOUNDATION PURPOSE: FOSTER FAMILY SCHOLORSHIP | $5,000 |
SALADO HISTORICAL SOCIETY PURPOSE: GENERAL PURPOSE FUND | $60,000 |