Overview
What is Foster Source?
Foster Source is a nonprofit organization situated in Thornton, Colorado, with a headquarter address at 3879 EAST 120TH AVENUE 218. Their primary focus is to support foster parents and provide them with the necessary resources and training to care for vulnerable children. In the past year, they distributed a substantial number of diapers, gift cards, weighted items, mattresses, bunk beds, car seats, and various other essentials. Additionally, they hosted numerous training sessions and support groups for foster parents, serving over 2500 individuals online. They also sponsored therapy sessions for 2087 foster parents and children, and 51 participants attended their equine-assisted parenting practice lab. Foster Source operates with a trauma-informed approach, aiming to equip foster parents with the skills and confidence required to promote healing in the children they care for. The organization has a team of four dedicated individuals working towards this mission.
Official website here: www.fostersource.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Foster Source has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and transparency. With an Accountability & Finance Score of 92 and a perfect score of 100 in Leadership & Adaptability, the organization demonstrates effective governance and financial health. High program expense ratios and independent board membership further indicate a robust operational framework that prioritizes its mission and the well-being of foster families.
User reviews highlight Foster Source's impact in supporting foster and kinship families through various services, such as training, resource provision, and emotional support. Families express profound gratitude for the assistance offered, particularly during challenging times. Many reviewers note that the organization's trauma-informed approach and comprehensive support systems have made a significant positive difference in their fostering journeys, contributing to the stability of placements and the well-being of children in care.
While overwhelmingly positive, some feedback suggests areas for continued growth, such as expanding outreach to ensure that even more families are aware of and can access the critical resources Foster Source offers. Overall, the organization is praised for its compassionate and dedicated service to the foster community, making it a vital resource for those navigating the complexities of foster care.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Foster Source legitimate?
Foster Source is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foster Source 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: $49,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,093
For more financial information, click here
Official website here: www.fostersource.org/
What is the mission statement of Foster Source?
Foster Source's mission is centered around providing relevant training, resources, and support to foster parents from a trauma-informed approach. This approach aims to equip foster parents with necessary skills and boost their confidence, enabling them to foster healing in vulnerable children. The organization distributes essential items, such as diapers, gift cards, and mattresses, and hosts free training and support groups for foster parents. Additionally, Foster Source offers virtual therapy sessions and sponsors therapy sessions for foster caregivers, serving over 4,000 foster parents and children in a year.
Official website here: www.fostersource.org/
Who is the CEO of Foster Source?
Renee Bernhard is the Executive Di of Foster Source.
Official website here: www.fostersource.org/
What is the revenue of Foster Source?
Foster Source's revenue in 2022 was $880,079.
Official website here: www.fostersource.org/
Who are the executives of Foster Source and what are their salaries?
The average compensation at Foster Source during 2022 was $35,982. There are 4 employees and 41 volunteers at Foster Source.
Here are 7 key members and their salaries:
- Compensation: $49,833
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fostersource.org/
Where can I find the form 990 for Foster Source?
Foster Source's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fostersource.org/
Learn more at the official website: www.fostersource.org/
Mission Statement of Foster Source
Foster Source, a nonprofit organization, is committed to providing relevant training, resources, and support to foster parents from a trauma-informed approach. Their mission is to equip foster parents with the necessary skills and confidence to foster healing in vulnerable children. Through their initiatives, they aim to provide a comprehensive support system that addresses the unique needs of these children, empowering foster parents to make a significant impact in their lives.
In pursuit of this mission, Foster Source has distributed various essential items such as diapers, wipe boxes, gift cards, weighted items, mattresses, bunk beds, car seats, and more. They have also hosted free trainings and support groups for foster and kinship parents, offering childcare services to facilitate their participation. Furthermore, Foster Source has provided virtual therapy sessions to additional foster parents and sponsored a substantial number of therapy sessions for foster and kinship caregivers.
In addition to these tangible support services, Foster Source has also organized specialized programs. For instance, they have sponsored the Champs Colorado pilot program in several Colorado counties, and they have offered an equine-assisted parenting practice lab, known as Leader of the Herd, to foster and kinship parents. These initiatives aim to provide holistic support to foster parents, enabling them to provide the best possible care to the children in their care.
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Impact
July, 2024
Foster Source's impact can be seen in the tangible support and resources it provides to foster parents and vulnerable children. The organization distributed a wide range of items such as diapers, wipes, mattresses, bunk beds, car seats, and more, totaling over 3,000 items. Additionally, they offered free trainings and support groups for foster and kinship parents, benefiting over 2,500 individuals both in person and online. Foster Source also sponsored therapy sessions for caregivers, organized equine-assisted parenting practice labs, and piloted programs like CHAMPS Colorado in multiple counties. Overall, in a single year, Foster Source served over 4,000 foster parents and children, embodying its mission to empower caregivers with the skills and confidence needed to support healing in vulnerable youth.
This information is meant to be a general summary of Foster Source. 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.
- Gross Receipts: $880,079
Assets and Liabilities:
- Total Assets: $317,799
- Total Liabilities: $58,121
- Net Assets: $259,678
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Organization Details
Founding Year
2016
Phone
(303) 618-4331Principal Officer
Renee Bernhard
Main Address
3879 EAST 120TH AVENUE 218, THORNTON, CO, 80233
Website
www.fostersource.org/NTEE Category
Code: P30 - Human services
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