Foster Family Charitable Foundation
- Assets
- $29.2m
- Revenue
- $2.8m
- Investments
- $28.8m
- Employees
- 0
- Location
- Stockton, CA
- Founding
- 01/2015
- Data as of
- 06/2021
- EIN
- 47-1476998
Organization Overview
Foster Family Charitable Foundation is located in Stockton, CA. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. Foster Family Charitable Foundation 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 06/2021, Foster Family Charitable Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 5 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 2016, Foster Family Charitable Foundation has awarded 100 individual grants totaling $8,027,371. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Foster MD President & Treasurer | 20 | $100,000 | |
Ryan Foster Secretary | 20 | $60,000 | |
Cynthia Foster Director | 16 | $35,000 | |
Nicole Foster Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman | 6/29/18 | $233,004 |
Bowman & Company Llp | 6/29/18 | $52,725 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $411,342 |
| Dividends & Interest | $278,546 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,129,993 |
| Capital Gain Net Income | $2,129,993 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$22,004 |
| Total Revenue | $2,797,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,407 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $98,040 |
| Total operating and administrative expenses | $575,850 |
| Contributions, gifts, grants paid | $1,708,802 |
| Total expenses and disbursements | $2,284,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $450,913 |
| 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 | $0 |
| Total assets | $29,209,891 |
| 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 Charitable Foundation has awarded $1,708,802 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: CHARITABLE | $1,036,000 |
Stockton, CA PURPOSE: CHARITABLE | $220,000 |
Stockton, CA PURPOSE: CHARITABLE | $150,000 |
Quincy, CA PURPOSE: CHARITABLE | $90,000 |
Stockton, CA PURPOSE: CHARITABLE | $65,928 |
Lodi, CA PURPOSE: CHARITABLE | $52,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foster Family Charitable Foundation has recieved totaling $21,634.
| Awarding Organization | Amount |
|---|---|
The Louis W Foster And Gladyce L Foster Family Foundation Stockton, CA PURPOSE: LIQUIDATION | $21,634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connections For Children Los Angeles, CA | $5,706,672 | $17,856,000 |
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |
Anderson Childrens Foundation Palm Springs, CA | $0 | $1,560,635 |