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Ifoster Inc

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

EIN: 800627614 ✦ Truckee, CA ✦ Designated as a 501(c)(3)

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Overview

What is Ifoster Inc?

Ifoster Inc, situated in Truckee, California, serves as a nonprofit organization dedicated to empowering children and youth in the foster care system. Through their iFoster Portal, they offer a vast array of resources and services, ensuring equitable access to these essential tools. Beyond this, they provide technology resources like computers and cell phones, as well as peer support navigation, to aid foster care youth in their journey towards independence. iFoster's mission is to foster the growth and success of these vulnerable children, working closely with caregivers and organizations in the child welfare system. By engaging the broader community, they aim to contribute to the well-being of foster care youth across the nation.


Official website here: www.ifoster.org

What are the reviews and ratings of this charity?

**Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)**

Ifoster Inc has achieved a commendable 97% rating from Charity Navigator, primarily reflecting its strong accountability and finance practices. The organization demonstrates a very high level of financial transparency and governance, with an impressive commitment to ethical oversight, including an independent board and robust conflict of interest policies.

The organization excels in its efficiency and effective use of resources, as highlighted by an 88.66% program expense ratio, showing that the majority of funds directly support its mission. Additionally, it has a low liabilities-to-assets ratio, indicating solid financial health. This strong financial performance is coupled with effective governance structures, which instill confidence in stakeholders regarding the organization’s operations.

Notably, there are no user reviews available from GreatNonprofits, which limits consumer feedback on personal experiences with Ifoster Inc. This absence means that while the organizational rating is high, firsthand accounts of service users or community impact are not present to provide a fuller picture.


This AI summary has been generated from information found on Charity Navigator.

Is Ifoster Inc legitimate?

Ifoster Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ifoster Inc 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: $386,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,238,642

For more financial information, click here


Official website here: www.ifoster.org

What is the mission statement of Ifoster Inc?

Ifoster Inc's mission is centered around supporting foster care youth, caregivers, and related organizations. Their primary goal is to equip every child in foster care with the necessary resources and opportunities needed to grow into independent, successful adults. They achieve this by offering a free platform filled with valuable resources. Additionally, iFoster strives to foster collaboration and efficiency within the child welfare system by developing innovative solutions. Their mission also extends beyond the child welfare system, engaging the wider community to contribute to the well-being of some of the nation's most vulnerable children.


Official website here: www.ifoster.org

Who is the CEO of Ifoster Inc?

Serita Cox is the Ceo of Ifoster Inc. The CEO's salary of Ifoster Inc is $188,852 and their total compensation is $234,046.


Official website here: www.ifoster.org

What is the revenue of Ifoster Inc?

Ifoster Inc's revenue in 2022 was $10,178,724.


Official website here: www.ifoster.org

Who are the executives of Ifoster Inc and what are their salaries?

The average compensation at Ifoster Inc during 2022 was $15,777. There are 103 employees and 5 volunteers at Ifoster Inc.


Here are 7 key members and their salaries (Ifoster Inc's CEO's salary is $188,852 and their total compensation is $234,046):


Serita Cox (Ceo)
  • Compensation: $188,852
  • Related: $0
  • Other: $45,194
Robert Beaudry (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Kelly (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Ferrell Tata (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Walsh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keirsten Taillon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reid Cox (Cfo)
  • Compensation: $158,335
  • Related: $0
  • Other: $46,250


Official website here: www.ifoster.org

Where can I find the form 990 for Ifoster Inc?

Ifoster Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ifoster.org

Learn more at the official website: www.ifoster.org

Mission Statement of Ifoster Inc

Ifoster Inc, a nonprofit organization, is dedicated to providing essential resources for foster care youth, their caregivers, and associated organizations. Its mission is to ensure that every child growing up away from their biological family has the necessary tools and opportunities to become self-sufficient and successful adults. iFoster achieves this goal by offering a complimentary platform of resources, fostering collaboration and efficiency within the child welfare system, and engaging the broader community to support the nation's most vulnerable children. The organization focuses on creating solutions that cater to the needs of the foster care system, ultimately aiming to enhance the lives of these young individuals.

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Impact




July, 2024

Ifoster Inc's impact is profound in providing essential resources to foster care youth, caregivers, and organizations. Through their iFoster Resources program, they ensure equitable access to resources for all children and youth in the foster care system. By offering a wide range of services on their iFoster Portal, including technology access and peer resource navigation, Ifoster Inc is instrumental in supporting the well-being and success of children in foster care. Their mission to provide resources and opportunities for these vulnerable individuals contributes to creating a more supportive and inclusive community for all.




This information is meant to be a general summary of Ifoster Inc. 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
$10,178,724 (2022)
Expenses
$4,350,940 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3
  • Program Service Revenue: $560,791
  • Gross Receipts: $10,178,724

Assets and Liabilities:

  • Total Assets: $7,345,670
  • Total Liabilities: $742,244
  • Net Assets: $6,603,426

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Cell Phones

Revenue

$560,791

Organization Details

Founding Year

2010

Principal Officer

Serita Cox

Main Address

PO Box 159, Truckee, CA, 96160

NTEE Category

Code: P30 - Human services

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