Overview
What is Fostering Great Ideas?
Fostering Great Ideas is a nonprofit organization dedicated to enhancing the lives of children in foster care. By pairing these children with caring adult mentors, they offer continuous emotional support and guidance, which becomes particularly crucial when young adults transition out of foster care, often confronting challenges such as lacking family support, financial instability, and insufficient education. The organization believes that by providing life support mentoring, where mentors regularly engage with their mentees and assist them in navigating post-foster care life, they can help reverse the discouraging statistics associated with foster care.
Official website here: www.fgi4kids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Fostering Great Ideas has achieved an impressive Four-Star rating from Charity Navigator, indicating strong performance in various operational aspects. The organization excels in Impact & Measurement with a perfect score of 100%, demonstrating its effective strategies in making a significant difference in the lives of children in foster care. Its Accountability & Finance score of 85 reflects prudent financial management, with a high program expense ratio indicating a substantial focus on mission-related activities.
The leadership and adaptability of Fostering Great Ideas are also noteworthy, scoring 100% in these areas, which suggests a robust and responsive governance structure. The organization maintains a fully independent board, enhancing its accountability. Furthermore, it has established essential policies such as conflict of interest and whistleblower protocols, indicating a commitment to transparency and ethical practices.
While the organization showcases many strengths, it is essential to note the area of financial liabilities, where its ratio stands at 2.42%. However, given its strong performance metrics and strategic use of SMART goals, Fostering Great Ideas appears well-equipped to navigate potential challenges while continuing to improve the lives of children facing the difficulties of foster care.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fostering Great Ideas?
Fostering Great Ideas is praised for its innovative approach to enhancing the lives of vulnerable children, earning accolades from its supporters. Despite not having a substantial number of ratings yet, the existing reviews underscore the organization's commitment to fostering deep partnerships within the community.
One reviewer highlighted the nonprofit as an invaluable asset to the foster care system, appreciating its entrepreneurial ideas aimed at creating positive change. This indicates a strong belief in the mission and impact of Fostering Great Ideas within the community it serves.
Overall, the sentiment reflects a strong support for the organization’s efforts, with a clear endorsement of its initiatives and partnerships, suggesting that it is successfully contributing towards a better environment for foster children and their families.
This AI summary has been generated from reviews found on Facebook.
Is Fostering Great Ideas legitimate?
Fostering Great Ideas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Great Ideas 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: $58,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $329,538
For more financial information, click here
Official website here: www.fgi4kids.org
What is the mission statement of Fostering Great Ideas?
Fostering Great Ideas is an organization dedicated to enhancing the lives of children in foster care. Their mission is to make a significant impact as these children face challenges upon leaving foster care, such as lack of family support, financial instability, and low educational attainment. The organization believes in the power of community and offers life support mentoring. Mentors commit to regular visits and guidance, aiming to help these children navigate their post-foster care lives more successfully. By providing ongoing emotional support and guidance, Fostering Great Ideas aims to reverse the dismal statistics surrounding foster care.
Official website here: www.fgi4kids.org
Who is the CEO of Fostering Great Ideas?
David White is the CEO of Fostering Great Ideas The CEO's salary of Fostering Great Ideas is $58,413 and their total compensation is $58,413.
Official website here: www.fgi4kids.org
What is the revenue of Fostering Great Ideas?
Fostering Great Ideas's revenue in 2023 was $808,472.
Official website here: www.fgi4kids.org
Who are the executives of Fostering Great Ideas and what are their salaries?
The average compensation at Fostering Great Ideas during 2023 was $27,711. There are 14 employees and 130 volunteers at Fostering Great Ideas.
Here are 8 key members and their salaries (Fostering Great Ideas's CEO's salary is $58,413 and their total compensation is $58,413):
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- Compensation: $58,413
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- Other: $0
Official website here: www.fgi4kids.org
Where can I find the form 990 for Fostering Great Ideas?
Fostering Great Ideas's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fgi4kids.org
Learn more at the official website: www.fgi4kids.org
Mission Statement of Fostering Great Ideas
Fostering Great Ideas is a nonprofit organization dedicated to enhancing the lives of children in foster care. Its mission is to make a substantial impact by pairing these children with supportive adult mentors. As these youths approach the age of leaving foster care, they often confront challenges such as limited family support, financial instability, and low educational attainment. Fostering Great Ideas recognizes the power of community involvement and offers life support mentoring, a program where mentors engage in regular visits and guidance, aiding their mentees in navigating their post-foster care journey. The aim is to counteract the dismal statistics associated with foster care and offer a more promising future for these children.
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Impact
July, 2024
Fostering Great Ideas has a significant impact on improving the lives of children in foster care by providing them with adult mentors who offer crucial emotional support and guidance. This support is especially vital for youth aging out of foster care, who often face challenges such as lack of family support, financial instability, and low educational attainment. By matching these children with caring mentors who commit to regular visits and assisting them as they transition out of the foster care system, Fostering Great Ideas believes in reversing the grim statistics associated with foster care. Through their dedication to life support mentoring, this organization in Greenville, SC, is making a tangible difference in the lives of vulnerable children and youth, offering them a path towards a more stable and supported future.
This information is meant to be a general summary of Fostering Great Ideas. 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 2023.
- Investment Income: $13,799
- Program Service Revenue: $9,682
- Gross Receipts: $1,136,523
Assets and Liabilities:
- Total Assets: $546,082
- Total Liabilities: $13,242
- Net Assets: $532,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIFE IN LIMBO
Revenue
$7,740
LIFE SUPPORT LICENSE
Revenue
$1,905
MOMS MATTER
Revenue
$37
Organization Details
Founding Year
2011
Principal Officer
David White
Website
www.fgi4kids.orgNTEE Category
Code: P32 - Human services
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