Overview
What is The Foster Closet Corp?
The Foster Closet Corp is a compassionate nonprofit organization situated in Jacksonville, Florida, specifically at 730 St Johns Bluff Rd N. Their primary mission is to support foster children living in five neighboring counties by providing them with essential items. This includes clothing, school supplies, car seats, and Christmas gifts, as well as basic home living necessities. With a dedicated workforce of four individuals, they strive to enhance the living conditions and overall well-being of these children during challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The Foster Closet Corp has received a two-star rating, with an overall score of 62%. This rating indicates that while the organization demonstrates some strengths in areas like board independence and asset management, there are significant areas needing improvement, particularly in terms of financial accountability and transparency.
The organization boasts a fully independent board, achieving a perfect score in board size and independence. Additionally, there is no concern regarding the material diversion of assets, reflecting a solid financial foundation in that respect. However, critical policies such as conflict of interest, whistleblower, and document retention are missing, which raises questions about governance and accountability.
Furthermore, the nonprofit's website lacks essential documents, including tax forms, which diminishes transparency. While the program expense ratio shows that a majority of funds are being utilized for programs, the lack of scoring in impact measurement and community engagement suggests areas where The Foster Closet Corp could enhance its effectiveness and community connection.
This AI summary has been generated from information found on Charity Navigator.
Is The Foster Closet Corp legitimate?
The Foster Closet Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foster Closet Corp 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: $0
Other Salaries and Wages: $99,199
For more financial information, click here
What is the mission statement of The Foster Closet Corp?
The Foster Closet Corp's mission is centered around providing essential items to foster children in need. Specifically, the organization distributes clothing, school supplies, car seats, Christmas gifts, and basic home living essentials to foster children residing in five surrounding counties. By doing so, The Foster Closet Corp aims to enhance the living conditions and overall well-being of these vulnerable children, ensuring they have the necessary resources to thrive during their time in foster care.
Who is the CEO of The Foster Closet Corp?
Mark E Cook is the President of The Foster Closet Corp.
What is the revenue of The Foster Closet Corp?
The Foster Closet Corp's revenue in 2022 was $480,403.
Who are the executives of The Foster Closet Corp and what are their salaries?
The average compensation at The Foster Closet Corp during 2022 was $24,800. There are 4 employees and 10 volunteers at The Foster Closet Corp.
Here are 7 key members and their salaries:
- Compensation: $77,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Foster Closet Corp?
The Foster Closet Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Foster Closet Corp
The Foster Closet Corp, as a nonprofit organization, is committed to providing essential items to foster children in need. Its mission is to offer clothing, school supplies, car seats, Christmas gifts, and basic home living essentials to foster children residing in five surrounding counties. This nonprofit aims to enhance the living conditions and well-being of these children during their time in foster care, ensuring they have the necessary items to thrive. By providing these essentials, The Foster Closet Corp seeks to alleviate some of the hardships that foster children often face, thereby contributing to their overall development and well-being.
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Impact
July, 2024
The Foster Closet Corp's impact is significant in JACKSONVILLE, FL, and the surrounding counties, where they provide clothing, school supplies, car seats, Christmas gifts, and basic home living essentials to foster children. Their work directly benefits the well-being and quality of life of these vulnerable children by ensuring they have essential items to support their daily lives and promote their happiness and dignity. This organization plays a vital role in meeting the needs of foster children and making a positive difference in their lives.
This information is meant to be a general summary of The Foster Closet Corp. 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.
- Gross Receipts: $480,403
Assets and Liabilities:
- Total Assets: $465,944
- Total Liabilities: $76,136
- Net Assets: $389,808
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Organization Details
Founding Year
2008
Phone
(904) 629-2116Principal Officer
Mark E Cook
Main Address
730 ST JOHNS BLUFF RD N, JACKSONVILLE, FL, 32225
NTEE Category
Code: P60 - Human services
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