Overview
What is Fostering Hope Foundation?
Fostering Hope Foundation is a nonprofit organization situated in Colorado Springs, Colorado. With a team of 18 dedicated individuals, their primary mission is to offer aid to foster families. They achieve this goal by establishing church-based support teams. These teams provide essential assistance to foster families, offering them emotional and practical support during their challenging journey. The foundation operates directly, employing its own staff to carry out these initiatives.
Official website here: www.fosteringhopefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Fostering Hope Foundation has received a rating of 78%, which signifies a respectable level of performance in terms of accountability and financial management. The organization excels in its financial statements, as evidenced by an audit score of 15 out of 15 points, and it demonstrates a strong program expense ratio of 75.37%. However, it is worth noting that the foundation is missing certain policies such as the whistleblower and document retention policies, which could be areas for improvement.
In terms of leadership and adaptability, the foundation scores exceptionally well with a perfect score of 100. This indicates a solid strategic framework and effective leadership practices in place. The score reflects the foundation's ability to respond and adapt to challenges, which is crucial for long-term sustainability in the nonprofit sector.
The foundation also shows a strong commitment to culture and community, scoring 87% in this area. Feedback collection and usage received top scores, highlighting the organization's dedication to listening to and acting on constituent input. This strong engagement with stakeholders is a positive aspect of the foundation's operations, although the area of equity strategies may still benefit from further development as it scored 81 out of 100.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fostering Hope Foundation?
With four reviews on Facebook, Fostering Hope Foundation has garnered positive attention. One reviewer notes the organization is doing "important work" and praises their efforts as "well done."
While the current ratings indicate that more feedback would be beneficial for a comprehensive analysis, the existing sentiment reflects that people are supportive of the foundation's mission and recognize the significance of its initiatives.
Overall, the feedback suggests a strong endorsement for the organization, highlighting the valuable contributions it makes towards its cause.
This AI summary has been generated from reviews found on Facebook.
Is Fostering Hope Foundation legitimate?
Fostering Hope Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Hope Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $12,880
Other Salaries and Wages: $560,991
For more financial information, click here
Official website here: www.fosteringhopefoundation.org
What is the mission statement of Fostering Hope Foundation?
The Fostering Hope Foundation's mission is centered around providing assistance to foster families. They achieve this by organizing support teams within church communities. The foundation's primary goal is to offer aid and resources to these families, fostering a sense of support and unity. Recently, the foundation has started employing staff directly to collaborate with faith-based organizations.
Official website here: www.fosteringhopefoundation.org
Who is the CEO of Fostering Hope Foundation?
Gina Colarelli O'Connor is the Trustee of Fostering Hope Foundation.
Official website here: www.fosteringhopefoundation.org
What is the revenue of Fostering Hope Foundation?
Fostering Hope Foundation's revenue in 2022 was $886,679.
Official website here: www.fosteringhopefoundation.org
Who are the executives of Fostering Hope Foundation and what are their salaries?
The average compensation at Fostering Hope Foundation during 2022 was $31,166. There are 18 employees and 250 volunteers at Fostering Hope Foundation.
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Official website here: www.fosteringhopefoundation.org
Where can I find the form 990 for Fostering Hope Foundation?
Fostering Hope Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fosteringhopefoundation.org
Learn more at the official website: www.fosteringhopefoundation.org
Mission Statement of Fostering Hope Foundation
Fostering Hope Foundation, a nonprofit organization, is dedicated to supporting foster families by establishing church-based support teams. Their mission is to provide assistance and resources to these families, aiming to alleviate some of the challenges they face. By organizing these support teams, Fostering Hope Foundation aims to create a network of caring individuals who can offer emotional, practical, and spiritual assistance to foster families. The organization's goal is to ensure that foster families feel supported and equipped to provide a nurturing environment for the children in their care. The team at Fostering Hope Foundation directly employs staff who work closely with these faith-based organizations.
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Impact
October, 2024
Fostering Hope Foundation significantly enhances the lives of foster families by establishing church-based support teams that offer essential assistance. By directly employing staff who collaborate with faith-based organizations, the foundation creates a robust network of support that addresses the unique challenges faced by foster families. This community-driven approach not only connects families with vital resources but also fosters a sense of belonging and stability for the children in their care. Operating in Colorado Springs, the foundation’s efforts have a lasting impact on both the families they support and the broader community, promoting a culture of compassion and collaboration in the realm of human services.
This information is meant to be a general summary of Fostering Hope Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $35,826
- Gross Receipts: $886,679
Assets and Liabilities:
- Total Assets: $1,106,173
- Total Liabilities: $21,283
- Net Assets: $1,084,890
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Organization Details
Founding Year
2008
Principal Officer
Gina Colarelli O'Connor
Main Address
111 S TEJON STREET STE 112, COLORADO SPRINGS, CO, 80903
NTEE Category
Code: P32 - Human services
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