Overview
What is Fostering Solutions?
Fostering Solutions is a nonprofit organization situated in Adrian, Michigan, with a commitment to supporting vulnerable children, families, and individuals within the state. Their primary focus is on recruiting, training, and nurturing licensed foster families, as well as matching adoptive families with children in need of a permanent home. Furthermore, they offer counseling sessions to the wider community, providing emotional help, understanding, and support. Their mission is to deliver child welfare and supporting services, ensuring the well-being of children, families, and individuals across Michigan. With a team of 20 dedicated professionals, Fostering Solutions continually strives to make a positive impact on the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating. This rating indicates that Fostering Solutions has met certain standards of accountability and finance, reflecting a commitment to transparency and responsible financial management.
Fostering Solutions demonstrates strong organizational strengths, particularly in its governance and financial practices. The charity has a fully independent board, with 100% of its members meeting independence criteria, and it maintains a solid financial oversight with a perfect score for its audited financial statements. Additionally, the organization efficiently allocates a significant portion of its expenses towards its programs, with an impressive program expense ratio of 82.63%.
However, while the accountability and finance score is commendable, the overall score is solely derived from this single beacon, which may not capture the full spectrum of the organization’s impact or effectiveness in service delivery. Overall, while Fostering Solutions shows strong financial health and governance, potential donors and stakeholders may want to consider other aspects of the organization's operations and program outcomes for a more comprehensive assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Fostering Solutions legitimate?
Fostering Solutions is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Solutions 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: $665,661
For more financial information, click here
What is the mission statement of Fostering Solutions?
Fostering Solutions is an organization committed to providing child welfare and supporting services to children, families, and individuals residing in Michigan. Their primary purpose is to recruit, train, and support licensed foster families. Additionally, they work on matching adoptive families with children waiting for a permanent home. Beyond this, they offer individual, family, couple, and group counseling sessions to anyone in the community seeking help, understanding, and support. The organization's goal is to offer a supportive environment for those in need.
Who is the CEO of Fostering Solutions?
Kristen Brown is the President/Tr of Fostering Solutions.
What is the revenue of Fostering Solutions?
Fostering Solutions's revenue in 2022 was $1,432,927.
Who are the executives of Fostering Solutions and what are their salaries?
The average compensation at Fostering Solutions during 2022 was $33,283. There are 20 employees at Fostering Solutions.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Fostering Solutions?
Fostering Solutions's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fostering Solutions
Fostering Solutions, a nonprofit organization, is committed to providing child welfare and supporting services to children, families, and individuals residing in Michigan. Its mission is multifaceted, encompassing the recruitment, training, and support of licensed foster families. The organization also plays a crucial role in matching adoptive families with children waiting for a permanent home. Beyond this, Fostering Solutions offers individual, family, couple, and group counseling sessions to anyone in the community seeking help, understanding, and support. By doing so, the organization aims to foster a supportive environment for those in need, contributing to the well-being of children and families in Michigan.
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Impact
July, 2024
Fostering Solutions' impact lies in providing vital child welfare and supporting services to children, families, and individuals in Michigan. This organization is dedicated to recruiting, training, and supporting licensed foster families, as well as matching adoptive families with children awaiting a forever home. Additionally, Fostering Solutions offers individual, family, couples, and group counseling sessions to anyone in the community seeking help, understanding, and support. Through these initiatives, Fostering Solutions plays a crucial role in improving the lives of vulnerable children and families in the state of Michigan.
This information is meant to be a general summary of Fostering Solutions. 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: $78
- Program Service Revenue: $1,278,366
- Gross Receipts: $1,432,927
Assets and Liabilities:
- Total Assets: $578,184
- Total Liabilities: $56,992
- Net Assets: $521,192
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE CARE INCOME
Revenue
$700,671
FOSTER CARE INCOME
Revenue
$267,038
ADOPTION INCOME
Revenue
$262,911
TRIAL REUNIFICATION
Revenue
$35,746
TRAINING INCOME
Revenue
$12,000
Organization Details
Founding Year
2015
Principal Officer
Kristen Brown
Main Address
131 S WINTER STREET, ADRIAN, MI, 49221
NTEE Category
Code: P20 - Human services
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