Fostering Great Ideas
- Assets
- $554.6k
- Revenue
- $524.5k
- Investments
- $0.0
- Employees
- 15
- Location
- Greenville, SC
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-4622960
Organization Overview
Fostering Great Ideas is located in Greenville, SC. The organization was established in 2011. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Fostering Great Ideas employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostering Great Ideas 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 Great Ideas generated $524.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $378.9k during the year ending 12/2021. While expenses have increased by 25.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF CHILDREN AS THEY STRUGGLE IN FOSTER CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIB-LINK: WHEN REMOVED FROM THEIR HOMES, SIBLINGS IN FOSTER CARE ARE OFTEN SEPARATED FROM EACH OTHER. SIBLING BONDS, ESPECIALLY IN THOSE KIDS WHO HAVE FACED TRAUMA, ARE SOME OF THE MOST IMPORTANT BONDS IN THEIR LIVES. SIB-LINK EXISTS TO KEEP THIS CONNECTION STRONG AND REDUCE FURTHER TRAUMA BY PROVIDING ADDITIONAL REGULAR VISITS FOR THESE CHILDREN.
LIFE SUPPORT: STATISTICS FOR TEENS WHO AGE OUT OF FOSTER CARE ARE BLEAK. WE BELIEVE OUR COMMUNITY CAN REVERSE THESE BLEAK STATISTICS BY MATCHING TEENS WITH ADULT MENTORS TO PROVIDE ONGOING EMOTIONAL SUPPORT AND GUIDANCE. LIFE SUPPORT MENTORS COMMIT TO VISITING A YOUTH IN FOSTER CARE TWICE PER MONTH, AND THIS IS OFTEN A MULTI-YEAR COMMITMENT. MENTORS ACTIVELY LISTEN TO HOPES, FEARS, AND DREAMS. THEY BECOME AN IMPORTANT PART OF THE CHILD'S JOURNEY TOWARDS BETTER OUTCOMES.
CARE TO FOSTER: BEING A CAREGIVER FOR ANOTHER PERSON'S CHILD CAN BE DIFFICULT. IN FOSTER CARE, ONLY A QUARTER OF CAREGIVERS REMAIN IN SERVICE AFTER THE FIRST TWO YEARS. THROUGH CARE2FOSTER, WE ENCOURAGE CAREGIVERS TO ACCEPT YOUTH AND SIBLING SETS, AS THEY ARE MOST DIFFICULT TO FIND PLACEMENT FOR. WE ALSO PROVIDE UNIQUE WAYS OF SUPPORTING AND TRAINING CURRENT CAREGIVERS, SO THEY FEEL VALIDATED IN THEIR DIFFICULT ROLE. OUR APPROACH IS FOCUSED ON PEER-TO-PEER SUPPORT AT EVERY TOUGH POINT OF THE FOSTER CARE JOURNEY.
FOSTERING GREAT IDEAS IMPROVES THE EXPERIENCE FOR EVERY CHILD IN FOSTER CARE. KNOWING THAT LOSSES MULTIPLY, AND STRESS AMPLIFIES THE LONGER THE CHILD STAYS IN CARE, OUR GOAL IS TO PROVIDE SUPPORT THROUGHOUT THE FOSTER CARE JOURNEY, ULTIMATELY RESULTING IN LIVES BACK ON TRACK. SOME OF THE OTHER PROGRAMING INCLUDES:MOMS MATTER: ENCOURAGING BIRTH MOMS TO REACH GOALS IN THEIR TREATMENT PLANTUTOR MATCH: TUTOR CHILDREN TO BRING THEM UP TO GRADE LEVELCOLLEGE FELLOWS: ENCOURAGE MORE YOUTH TO ATTEND AND COMPLETE COLLEGE. PROVIDE ACCOUNTABILITY AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David White CEO | Officer | 50 | $61,930 |
Pam Prashad Treasurer | OfficerTrustee | 3 | $0 |
Bill Jacobson Chair | OfficerTrustee | 3 | $0 |
Amy Karmilovich Secretary | OfficerTrustee | 3 | $0 |
Kelly Scheib Vice Chair | OfficerTrustee | 2 | $0 |
Robin Dease Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,000 |
| Membership dues | $0 |
| Fundraising events | $98,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,533 |
| Total Program Service Revenue | $7,534 |
| Investment income | $6,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,540 |
| 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. | $61,929 |
| Compensation of current officers, directors, key employees. | $9,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,052 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,052 |
| Advertising and promotion | $14,229 |
| Office expenses | $5,315 |
| Information technology | $9,165 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $301 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,003 |
| All other expenses | $2,862 |
| Total functional expenses | $378,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,984 |
| Savings and temporary cash investments | $170,798 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $335,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $554,601 |
| Accounts payable and accrued expenses | $10,168 |
| 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 | $10,168 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $544,433 |
| Total liabilities and net assets/fund balances | $554,601 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Fostering Great Ideas has recieved totaling $187,358.
| Awarding Organization | Amount |
|---|---|
Jolley Foundation Las Vegas, NV PURPOSE: GENERAL OPERATIONS | $50,000 |
Jolley Foundation Las Vegas, NV PURPOSE: GENERAL OPERATIONS | $32,000 |
United Way Of Greenville County Incorporated Greenville, SC PURPOSE: DONOR DESIGNATION | $20,000 |
Norris Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING PURPOSES | $16,000 |
Jolley Foundation Las Vegas, NV PURPOSE: GENERAL OPERATIONS | $11,750 |
Charity Ball Board Of Greenville South Carolina Greenville, SC PURPOSE: GENERAL OPERATIONS | $11,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Youth Advocate Program Inc Columbia, SC | $45,768,217 | $22,437,519 |
Faithbridge Foster Care Inc Alpharetta, GA | $1,803,240 | $7,652,118 |
Growing Home Southeast Inc Cayce, SC | $2,443,298 | $5,824,518 |
Georgia Sheriffs Youth Homes Inc Madison, GA | $21,858,053 | $5,380,264 |
Community Connections Inc Stone Mountain, GA | $2,076,544 | $3,338,180 |
Childkind Inc Tucker, GA | $548,950 | $3,322,766 |
Family Preservation Community Services Columbia, SC | $7,382,668 | $2,864,738 |
Touchstone Residential Services Raleigh, NC | $671,682 | $1,845,600 |
Children In Crisis In Dorchester Summerville, SC | $3,283,738 | $1,844,535 |
Childrens Homes Of Iredell County Inc Statesville, NC | $1,426,878 | $1,144,676 |
Lighthouse Therapeutic Foster Care Inc Ringgold, GA | $184,097 | $820,781 |
Foster Care Support Foundation Inc Roswell, GA | $2,120,946 | $891,991 |