Overview
What is Foster's Home Foundation?
Foster's Home Foundation is a nonprofit organization situated in Stephenville, Texas, specifically at 1779 N Graham St. Its primary mission is to provide financial aid to Sherwood and Myrtie Foster's Home for Children, Inc., enabling the organization to carry out its operations effectively. By funding this children's home, Foster's Home Foundation plays a crucial role in supporting the well-being and upbringing of children in need. The nonprofit's activities are focused on ensuring the smooth operation of the children's home, thereby contributing to the overall welfare of the children it serves.
Official website here: www.fostershome.org
Is Foster's Home Foundation legitimate?
Foster's Home Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foster's Home Foundation 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: $160,000
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Official website here: www.fostershome.org
What is the mission statement of Foster's Home Foundation?
The Foster's Home Foundation is dedicated to supporting the operation of Sherwood and Myrtie Foster's Home for Children. Its primary mission is to provide the necessary funding to ensure the smooth running of this institution, which provides care and support for children in need. The foundation's activities are focused on raising funds and channeling them towards the operations of the children's home, aiming to provide a safe and nurturing environment for these young individuals. The foundation's goal is to contribute to the well-being and development of these children, providing them with the resources they need to grow and thrive.
Official website here: www.fostershome.org
What is the revenue of Foster's Home Foundation?
Foster's Home Foundation's revenue in 2023 was $1,695,275.
Official website here: www.fostershome.org
Who are the executives of Foster's Home Foundation and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $113,468
- Other: $29,622
Official website here: www.fostershome.org
Where can I find the form 990 for Foster's Home Foundation?
Foster's Home Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fostershome.org
Learn more at the official website: www.fostershome.org
Mission Statement of Foster's Home Foundation
Foster's Home Foundation is committed to providing the necessary funding to ensure the smooth operation of Sherwood and Myrtie Foster's Home for Children. The primary mission of this foundation is to support this children's home, providing it with the financial resources it needs to carry out its vital work. By doing so, Foster's Home Foundation plays a crucial role in ensuring that vulnerable children in need of care and support can find a safe and nurturing environment. The foundation's contributions enable the home to provide essential services, such as food, clothing, and a loving atmosphere, to the children under its care. In essence, Foster's Home Foundation is dedicated to making a positive impact on the lives of children in need by providing the necessary funding for their well-being.
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Impact
October, 2024
Foster's Home Foundation significantly impacts the lives of children by providing essential funding to operate Sherwood and Myrtie Foster's Home for Children in Stephenville, Texas. Through its support, the foundation ensures that these children receive a safe and nurturing environment, critical resources for their development, and a sense of community. This funding plays a vital role in the day-to-day operations of the home, allowing it to offer stability and care for children in need. By focusing on the well-being and growth of these individuals, Foster's Home Foundation contributes to better outcomes for vulnerable youth, fostering hope and opportunity for a brighter future.
This information is meant to be a general summary of Foster's Home Foundation. 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.
- Investment Income: $577,881
- Gross Receipts: $5,358,772
Assets and Liabilities:
- Total Assets: $17,919,510
- Total Liabilities: $419,304
- Net Assets: $17,500,206
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Organization Details
Founding Year
1992
Principal Officer
Doug Young
Website
www.fostershome.orgNTEE Category
Code: Z99 - Unknown
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