Overview
What is Fostering Hope New England Inc?
Fostering Hope New England Inc is a nonprofit organization situated in Providence, Rhode Island. Their primary mission is to raise awareness, communicate a vision, and provide solutions that encourage churches and individuals to support children, families, and professionals impacted by foster care. They achieve this through various means, such as offering caregiving training, establishing church networks, and providing support teams for families. The nonprofit empowers churches to build sustainable cultures of service within the foster care community, with a particular focus on fostering new families, supporting existing ones, and assisting birth families. With a dedicated team of eight employees, Fostering Hope New England Inc is committed to making a positive impact on the lives of those affected by foster care.
Official website here: www.fosteringhope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Fostering Hope New England Inc has achieved an impressive 97% score, indicating a strong performance in accountability and finance. This rating is derived entirely from their accountability measures, reflecting the organization’s commitment to transparency and ethical operations. The high score demonstrates that the charity effectively manages its resources and adheres to best practices in financial reporting.
The organization has an independent board composed of 83% independent members, which is a significant strength as it promotes unbiased governance. Additionally, their program expense ratio stands at an impressive 79.64%, suggesting that a significant portion of their funds is directed towards fulfilling their mission rather than administrative costs. The presence of policies related to conflict of interest, whistleblower protection, and document retention further underscores their commitment to integrity and accountability.
There are no significant limitations noted in the data, as the charity has not reported any material diversion of assets and maintains a very low liabilities to assets ratio of 0.52%. Overall, Fostering Hope New England Inc exemplifies strong fiscal responsibility and governance practices, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Fostering Hope New England Inc legitimate?
Fostering Hope New England Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Hope New England Inc 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: $83,830
Professional Fundraising Fees: $0
Other Salaries and Wages: $152,407
For more financial information, click here
Official website here: www.fosteringhope.org
What is the mission statement of Fostering Hope New England Inc?
Fostering Hope New England Inc's mission is to empower churches and individuals to provide care for children and families affected by foster care. They achieve this by partnering with churches to establish sustainable cultures of service within the foster care community, with a focus on raising up new foster and adoptive families, supporting existing families, and wrapping around birth families. The organization strives to create awareness, communicate its vision, and provide solutions that lead people, churches, and professionals to care for children, families, and professionals impacted by foster care. This is achieved through caregiving training, establishing regional networks of churches, and providing support teams for families.
Official website here: www.fosteringhope.org
Who is the CEO of Fostering Hope New England Inc?
Jonathan Reid is the Executive Director of Fostering Hope New England Inc.
Official website here: www.fosteringhope.org
What is the revenue of Fostering Hope New England Inc?
Fostering Hope New England Inc's revenue in 2022 was $465,119.
Official website here: www.fosteringhope.org
Who are the executives of Fostering Hope New England Inc and what are their salaries?
The average compensation at Fostering Hope New England Inc during 2022 was $29,530. There are 8 employees and 310 volunteers at Fostering Hope New England Inc.
Here are 6 key members and their salaries:
- Compensation: $84,000
- 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
Official website here: www.fosteringhope.org
Where can I find the form 990 for Fostering Hope New England Inc?
Fostering Hope New England Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fosteringhope.org
Learn more at the official website: www.fosteringhope.org
Mission Statement of Fostering Hope New England Inc
Fostering Hope New England Inc is an organization committed to empowering churches and individuals to provide care for children and families impacted by foster care. Their mission is to help churches establish sustainable cultures of service within the foster care community, with a particular focus on raising up new foster and adoptive families, wrapping around existing families, and supporting birth families. By creating awareness, communicating a vision, and providing solutions, Fostering Hope New England Inc encourages people and churches to care for children, families, and professionals impacted by foster care. They achieve this through caregiving training, establishing regional networks of churches, and providing support teams for families.
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Impact
July, 2024
Fostering Hope New England Inc empowers churches and individuals to care for children and families impacted by foster care. They work to establish sustainable cultures of service within churches, focusing on raising up new foster and adoptive families, supporting existing families, and assisting birth families. Their efforts include caregiving training, creating awareness, communicating vision, and providing solutions to encourage people and churches to care for those affected by foster care. Through their initiatives, Fostering Hope New England Inc is making a tangible impact on the foster care community by facilitating connections, providing support networks, and addressing the needs of children, families, and professionals in this space.
This information is meant to be a general summary of Fostering Hope New England Inc. 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: $4,725
- Gross Receipts: $465,119
Assets and Liabilities:
- Total Assets: $419,913
- Total Liabilities: $4,139
- Net Assets: $415,774
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Organization Details
Founding Year
2012
Phone
(401) 524-0949Principal Officer
Jonathan Reid
Main Address
14 IMPERIAL PLACE, PROVIDENCE, RI, 02903
Website
www.fosteringhope.orgNTEE Category
Code: P20 - Human services
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