Overview
What is Fostering Futures?
Fostering Futures is a dedicated nonprofit child placement agency situated in Ann Arbor, Michigan. Established with a strong promise to serve the best interests of children and families in the foster care system, Fostering Futures offers a secure environment for those seeking their services or employment. Their approach is rooted in sound clinical practices and aims to address the therapeutic needs of children and families using a systematic and psychotherapeutic method. The organization strives to create a safe, healthy, and supportive environment that encourages growth and development for all individuals involved. With a team of 38 employees, Fostering Futures is committed to fostering an informed and nurturing environment for all.
Official website here: www.ffkids.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84%, Three-Star out of Four Star rating.
Fostering Futures has achieved a commendable Three-Star rating, reflecting a strong emphasis on accountability and financial health. The organization scored 84% overall, with particular strengths in having a fully independent board and a solid financial audit. Their focus on transparency is evident through their policies, as they adhere to guidelines for conflict of interest and maintain detailed financial documents.
The organization demonstrates a responsible allocation of its resources, with 76.87% of its expenses directed towards programs. However, it is worth noting that they are lacking a whistleblower policy and a document retention policy, which may raise some concerns about governance practices. The liabilities to assets ratio indicates a moderate financial profile, which might require further monitoring.
Overall, Fostering Futures shows a commitment to ethical financial management and effective governance, though there are areas for improvement that could enhance its transparency and operational protocols.
This AI summary has been generated from information found on Charity Navigator.
Is Fostering Futures legitimate?
Fostering Futures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Futures 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: $240,227
Professional Fundraising Fees: $0
Other Salaries and Wages: $959,321
For more financial information, click here
Official website here: www.ffkids.org
What is the mission statement of Fostering Futures?
Fostering Futures, as a non-profit organization, is dedicated to establishing a secure, healthful, and enlightened environment that fosters growth and development for all individuals. Their mission is centered around providing this safe haven, employing a systematic and psychotherapeutic approach to address the therapeutic needs of children and their families, all while adhering to sound clinical practices.
Official website here: www.ffkids.org
Who is the CEO of Fostering Futures?
Jennifer Milliman is the Executive Director of Fostering Futures.
Official website here: www.ffkids.org
What is the revenue of Fostering Futures?
Fostering Futures's revenue in 2022 was $2,181,851.
Official website here: www.ffkids.org
Who are the executives of Fostering Futures and what are their salaries?
The average compensation at Fostering Futures during 2022 was $31,567. There are 38 employees and 4 volunteers at Fostering Futures.
Here are 6 key members and their salaries:
- Compensation: $103,055
- Related: $0
- Other: $17,234
- Compensation: $102,704
- Related: $0
- Other: $17,234
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ffkids.org
Where can I find the form 990 for Fostering Futures?
Fostering Futures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffkids.org
Learn more at the official website: www.ffkids.org
Mission Statement of Fostering Futures
Fostering Futures, a renowned non-profit child placement agency, is committed to establishing a secure, nurturing, enlightened, and supportive environment for all individuals who engage with its services or employment. The organization's mission is centered around fostering growth and development for everyone, ensuring they thrive in this supportive setting. It operates on a belief in evidence-based practices and strives to address the therapeutic needs of children and their families through a systematic and psychotherapeutic approach.
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Impact
October, 2024
Fostering Futures creates a profound impact by facilitating a safe and nurturing environment for children and families within the foster care system. By implementing sound clinical practices, the organization addresses the therapeutic needs of its clients through a systematic and psychotherapeutic approach. This commitment helps foster resilience and growth, allowing individuals to thrive in an informed and supportive atmosphere. The holistic care provided by Fostering Futures not only enhances the well-being of children but also empowers families, contributing to stronger communities in Ann Arbor, MI, and beyond.
This information is meant to be a general summary of Fostering Futures. 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: $2,181,851
Assets and Liabilities:
- Total Assets: $1,541,619
- Total Liabilities: $940,120
- Net Assets: $601,499
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Organization Details
Founding Year
2009
Phone
(734) 481-8999Principal Officer
Jennifer Milliman
Main Address
2008 Hogback Road STE 6, Ann Arbor, MI, 48105
Website
www.ffkids.orgNTEE Category
Code: P32 - Human services
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