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Foster Progress

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473959210 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Foster Progress?

Foster Progress is a nonprofit organization situated in Chicago, Illinois, specifically at 4422 N Ravenswood Ave 22. Their primary mission is to support and empower youth who have experienced foster care, aiding them in achieving a college degree and successfully transitioning into adulthood. They accomplish this through various means, including mentorship, advocacy, and educational opportunities. Additionally, Foster Progress offers online training and coaching for caseworkers, students, foster parents, and educators, helping them foster success in the lives of these young individuals. With a team of five dedicated employees, Foster Progress is committed to making a positive impact in the lives of foster care youth.


Official website here: www.foster-progress.org

Is Foster Progress legitimate?

Foster Progress is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foster Progress 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: $68,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,472

For more financial information, click here


Official website here: www.foster-progress.org

What is the mission statement of Foster Progress?

Foster Progress's mission is to help Illinois youth who have experienced or are currently in foster care achieve success in college and adulthood. They accomplish this by offering mentorship, advocacy, and educational opportunities. The organization provides a mentoring program for high school seniors, in addition to offering online training and coaching for caseworkers, students, foster parents, and educators, focusing on fostering success for young people.


Official website here: www.foster-progress.org

Who is the CEO of Foster Progress?

Matthew Ward is the Principal Officer of Foster Progress.


Official website here: www.foster-progress.org

What is the revenue of Foster Progress?

Foster Progress's revenue in 2023 was $512,016.


Official website here: www.foster-progress.org

Who are the executives of Foster Progress and what are their salaries?

The average compensation at Foster Progress during 2023 was $38,630. There are 5 employees and 38 volunteers at Foster Progress.


Here are 10 key members and their salaries:


Mallory Littlejohn (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfredo Castillo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Engstrom (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Escobar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meegan Dugan Bassett (Director (Resigned 12/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Alison Myers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ledeidre Turner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Ward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle Hoske (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Danielson (Executive Director)
  • Compensation: $66,758
  • Related: $0
  • Other: $0


Official website here: www.foster-progress.org

Where can I find the form 990 for Foster Progress?

Foster Progress's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.foster-progress.org

Learn more at the official website: www.foster-progress.org

Mission Statement of Foster Progress

Foster Progress, a nonprofit organization, aims to empower youth who have been or are currently in foster care, helping them achieve a college degree and successfully transition into adulthood. This is accomplished through various means, including providing mentorship, advocacy, and educational opportunities. The organization's mission is to foster the growth and success of these young individuals, enabling them to overcome the challenges often associated with their background.

To achieve this, Foster Progress offers a mentoring program for senior high school students, guiding them through the final stages of their education and preparing them for the next steps in their lives. In addition to this, the organization provides online training and coaching for caseworkers, students, foster parents, and educators. This education focuses on fostering success for these young people, equipping those involved with the necessary skills and knowledge to support them effectively.

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Impact




July, 2024

Foster Progress empowers Illinois youth currently or formerly in foster care to attain a college degree and transition into adulthood successfully. Through mentorship, advocacy, and educational opportunities, Foster Progress supports these young individuals in achieving their academic goals and navigating the challenges of adulthood. The organization's impact is evident in the positive outcomes experienced by its participants, as they receive the necessary support to pursue higher education and build a foundation for a successful future.




This information is meant to be a general summary of Foster Progress. 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.

Revenue
$512,016 (2023)
Expenses
$351,818 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $287
  • Gross Receipts: $540,649

Assets and Liabilities:

  • Total Assets: $265,909
  • Total Liabilities: $2,219
  • Net Assets: $263,690

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Organization Details

Founding Year

2015

Principal Officer

Matthew Ward

Main Address

4422 N Ravenswood Ave 22, Chicago, IL, 60640

NTEE Category

Code: P32 - Human services

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