Fostering Hope Inc
- Assets
- $414.1k
- Revenue
- $357.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Muskogee, OK
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 81-2428808
Organization Overview
Fostering Hope Inc is located in Muskogee, OK. The organization was established in 2018. 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 Hope Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostering Hope Inc 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 Hope Inc generated $357.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $222.1k during the year ending 12/2021. While expenses have increased by 40.1% per year over the past 4 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
FOSTER CHILDREN ASSISTANCE -ASSIST FOSTER CHILDREN WITH AT LEAST A WEEK'S WORTH OF SUPPLIES, INCLUDING CLOTHING, TOILETRIES, TOYS, BIBLE,& BOOK
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST FOSTER CHILDREN WITH AT LEAST ONE WEEK'S WORTH OF SUPPLIES, INCLUDING CLOTHING, TOILETRIES, TOYS, BIBLE, BOOK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Czaruk Executive Dir. | OfficerTrustee | 40 | $52,500 |
Josh Smith Vice President | OfficerTrustee | 1 | $0 |
Jenny Morphis Secretary | OfficerTrustee | 2 | $0 |
Jim Wallingford President | OfficerTrustee | 3 | $0 |
Ron Davis Treasurer | OfficerTrustee | 2 | $0 |
Kendall Dean Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,741 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,898 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,595 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,124 |
| 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. | $52,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,666 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,457 |
| Advertising and promotion | $1,052 |
| Office expenses | $2,954 |
| Information technology | $7,279 |
| Royalties | $0 |
| Occupancy | $38,287 |
| Travel | $228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,703 |
| All other expenses | $0 |
| Total functional expenses | $222,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,880 |
| Savings and temporary cash investments | $25,022 |
| 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 | $1,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $414,093 |
| Accounts payable and accrued expenses | $8,299 |
| 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 | $9,895 |
| Total liabilities | $18,194 |
| 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 | $395,899 |
| Total liabilities and net assets/fund balances | $414,093 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fostering Hope Inc has recieved totaling $115,121.
| Awarding Organization | Amount |
|---|---|
Ron And Carole Woods Foundation Porter, OK PURPOSE: OPERATIONAL SUPPORT | $90,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Childrens Shelter San Antonio, TX | $14,294,068 | $81,608,457 |
Youth In Need St Charles, MO | $12,066,315 | $28,088,817 |
A World For Children Round Rock, TX | $11,086,962 | $17,078,443 |
Emberhope Inc Newton, KS | $33,046,827 | $12,909,477 |
Savio House Denver, CO | $18,586,291 | $15,706,151 |
Foster Adopt Connect Inc Independence, MO | $12,161,256 | $8,168,684 |
Kids Crossing Inc Colorado Springs, CO | $4,075,253 | $10,245,491 |
Villages Inc Topeka, KS | $17,906,080 | $8,383,153 |
Foster Care Coalition Of Greater St Louis Inc St Louis, MO | $5,655,247 | $6,817,874 |
Circles Of Care Corpus Christi, TX | $2,293,308 | $4,110,444 |
Caring Hearts For Children Comanche, TX | $1,183,995 | $3,965,179 |
Red Mountain Family Services Inc Albuquerque, NM | $1,409,012 | $3,641,579 |