Overview
What is Fostering Hope?
Fostering Hope, established in 2013, is a compassionate nonprofit organization situated in Solon, Ohio. With a modest workforce of four dedicated individuals, Fostering Hope aims to raise awareness about the challenges faced by children within the foster care system. Their primary mission involves offering therapeutic yoga and art sessions to children residing in residential treatment facilities and foster homes. By engaging the local community, they seek to provide enriching opportunities for these children, contributing positively to their well-being and development. The organization's activities and mission are detailed in their schedule, offering a variety of resources and support to those in need.
Official website here: www.fosteringhopeohio.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Fostering Hope has received a rating of "Needs Improvement" from Charity Navigator, with an overall score of 73%. This indicates that while the organization shows some positive attributes in terms of governance and financial health, there are significant areas that require attention. Notably, 91% of board members are independent, and they maintain a strong program expense ratio of nearly 80%, which suggests that a large portion of their funds is directed toward their programs rather than administrative costs.
However, the organization faces notable shortcomings in transparency and accountability. The absence of financial statements and key policies, such as a whistleblower and document retention policy, has contributed to a lower score in those areas. Additionally, although the board meeting minutes are available, the lack of a posted tax form on the nonprofit's website further reflects these transparency issues.
Overall, while Fostering Hope demonstrates a commitment to their mission through program spending and independent governance, the need for improved financial disclosure and policy implementation is critical for enhancing their credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fostering Hope?
100% of the six reviewers on Facebook recommend Fostering Hope. Here is a summary of their reviews:
The overwhelming sentiment among those who have shared their thoughts is highly positive. Reviewers consistently highlight the charity’s impactful work and commend the organization for its mission. One user specifically encourages others to connect with Cara Berg for opportunities to contribute, emphasizing the charity's credibility and the goodness of its cause.
Overall, it’s clear that Fostering Hope has made a significant impression on its supporters, who believe in the value of its contributions and encourage others to get involved.
This AI summary has been generated from reviews found on Facebook.
Is Fostering Hope legitimate?
Fostering Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Hope 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: $54,450
Professional Fundraising Fees: $27,684
Other Salaries and Wages: $49,910
For more financial information, click here
Official website here: www.fosteringhopeohio.org
What is the mission statement of Fostering Hope?
Fostering Hope, established in 2013, was initiated with the goal of raising awareness about the challenges faced by children within the foster care system. The organization's mission is to offer opportunities to these children while engaging the local community. Through their activities, they provide therapeutic yoga and art sessions to children residing in residential treatment centers and foster homes. The primary objective of Fostering Hope is to support and uplift these children, aiming to improve their overall well-being.
Official website here: www.fosteringhopeohio.org
Who is the CEO of Fostering Hope?
Karen Carter is the Chairperson of Fostering Hope.
Official website here: www.fosteringhopeohio.org
What is the revenue of Fostering Hope?
Fostering Hope's revenue in 2023 was $527,972.
Official website here: www.fosteringhopeohio.org
Who are the executives of Fostering Hope and what are their salaries?
The average compensation at Fostering Hope during 2023 was $26,090. There are 4 employees and 478 volunteers at Fostering Hope.
Here are 12 key members and their salaries:
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Official website here: www.fosteringhopeohio.org
Where can I find the form 990 for Fostering Hope?
Fostering Hope's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fosteringhopeohio.org
Learn more at the official website: www.fosteringhopeohio.org
Mission Statement of Fostering Hope
Fostering Hope, established in 2013, is an organization that aims to raise awareness about the challenges faced by children within the foster care system. Its mission is to provide opportunities for these children while engaging the community where they reside. Fostering Hope accomplishes this by offering therapeutic yoga and art sessions to children in residential treatment and foster care settings. Through these activities, the organization seeks to support the emotional and mental wellbeing of the children in its care, helping them navigate the complexities of the foster care system. By engaging the community, Fostering Hope works towards fostering a supportive environment for these children, ensuring they have the resources and support they need to thrive.
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Impact
July, 2024
Fostering Hope provides therapeutic yoga and art to children in residential treatment and foster care, aiming to raise awareness of the challenges these children face within the foster care system. By engaging the community and offering support to these vulnerable youth, Fostering Hope positively impacts their emotional well-being and provides them with opportunities for growth and healing. Through its activities, Fostering Hope is making a meaningful difference in the lives of children in need.
This information is meant to be a general summary of Fostering Hope. 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.
- Gross Receipts: $545,318
Assets and Liabilities:
- Total Assets: $386,661
- Total Liabilities: $0
- Net Assets: $386,661
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Organization Details
Founding Year
2013
Phone
(216) 633-7798Principal Officer
Karen Carter
Main Address
5351-C NAIMAN PARKWAY, SOLON, OH, 44139
Website
www.fosteringhopeohio.orgNTEE Category
Code: P32 - Human services
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