Overview
What is Fostering Hope Austin?
Fostering Hope Austin is a nonprofit organization located in Austin, Texas, with a mission to support foster and adoptive families. They strive to recruit and retain these families, offering them ongoing assistance and trauma-informed coaching. Their goal is to facilitate long-term and permanent child placements. The organization provides resources to these families to ensure their success in their roles, offering a network of support throughout their journey. With a team of nine dedicated individuals, Fostering Hope Austin aims to build stronger families by equipping them with the necessary tools and guidance.
Official website here: www.iamfosteringhope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Fostering Hope Austin has received a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization has achieved a perfect score in several key areas, such as having a fully independent board and a clean record with no material diversion of assets. Their commendable program expense ratio of 70.89% indicates that a significant portion of their spending goes directly to their programs, which is a positive sign of their operational efficiency.
The nonprofit's financial practices are notably transparent, with their website and necessary documentation properly listed, including board meeting minutes and a conflict of interest policy. However, it is important to note that they are missing a whistleblower policy, which could be an area for improvement in their governance practices to ensure further integrity and trust.
Overall, Fostering Hope Austin demonstrates a robust financial structure and strong governance, which are critical for maintaining donor confidence and effectively serving their community. While there are minor areas to address, their overall performance is commendable, making them a reliable organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Fostering Hope Austin legitimate?
Fostering Hope Austin is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Hope Austin 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: $99,819
Professional Fundraising Fees: $0
Other Salaries and Wages: $259,711
For more financial information, click here
Official website here: www.iamfosteringhope.org
What is the mission statement of Fostering Hope Austin?
Fostering Hope Austin's mission is centered around recruiting and retaining foster and adoptive families. The organization provides them with necessary resources to facilitate long-term and permanent child placements. From the initial stages of exploring roles in the foster and adoptive communities to navigating the challenges of caring for a traumatized child, Fostering Hope Austin offers ongoing support and trauma-informed coaching, aiming to strengthen these families.
Official website here: www.iamfosteringhope.org
What is the revenue of Fostering Hope Austin?
Fostering Hope Austin's revenue in 2024 was $507,243.
Official website here: www.iamfosteringhope.org
Who are the executives of Fostering Hope Austin and what are their salaries?
The average compensation at Fostering Hope Austin during 2024 was $29,961. There are 12 employees at Fostering Hope Austin.
Here are 10 key members and their salaries:
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- Compensation: $92,152
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- Other: $7,667
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Official website here: www.iamfosteringhope.org
Where can I find the form 990 for Fostering Hope Austin?
Fostering Hope Austin's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.iamfosteringhope.org
Learn more at the official website: www.iamfosteringhope.org
Mission Statement of Fostering Hope Austin
Fostering Hope Austin, a nonprofit organization, is dedicated to recruiting and retaining foster and adoptive families. Its mission is to provide these families with the necessary resources to facilitate long-term and permanent child placements. From the initial stages of exploring their roles in the foster and adoptive communities, to navigating the challenges that come with caring for children who have experienced trauma, Fostering Hope Austin offers ongoing meaningful support and trauma-informed coaching to help these families build stronger, more resilient units. The organization's ultimate goal is to create stable and nurturing environments for children in need, ensuring they have a chance at a better future.
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Impact
July, 2024
Fostering Hope Austin's impact is significant in the Austin community as it plays a crucial role in recruiting and retaining foster and adoptive families. By providing ongoing support and resources, the organization helps families navigate the challenges of caring for children who have experienced trauma. This support is crucial in building strong families and ensuring long-term and permanent placements for children in need of a loving home. Fostering Hope Austin's work contributes to the well-being of children and families in the foster and adoptive community, making a positive difference in their lives.
This information is meant to be a general summary of Fostering Hope Austin. 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 2024.
- Investment Income: $2
- Program Service Revenue: $13,552
- Gross Receipts: $507,243
Assets and Liabilities:
- Total Assets: $367,567
- Total Liabilities: $10,989
- Net Assets: $356,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS
Revenue
$13,552
Organization Details
Founding Year
2015
Principal Officer
Julie Kouri
Website
www.iamfosteringhope.orgNTEE Category
Code: P20 - Human services
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