Overview
What is Fost For Good Inc?
Fost For Good Inc is a nonprofit organization committed to amplifying the messages and impacts of worthy non-profit and non-governmental organizations engaged in social change initiatives. Utilizing storytelling and advanced technologies, the organization aims to create a healthier, happier, safer, and more sustainable world. They achieve this by organizing and awarding incentives and prizes to participating organizations at the Annual Future of Storytelling Conference. The corporation incurs operational expenses to support these activities, including travel, office costs, marketing, utilities, computer equipment, and supplies.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13% (Zero-Star out of Four Star Rating)
Fost For Good Inc has received a low score of 13% from Charity Navigator, indicating serious concerns regarding its accountability and financial health. The score is derived entirely from the Accountability & Finance beacon, where the organization scored particularly poorly in multiple areas, including having no independent board members and missing essential governance policies.
The organization reported a concerning liabilities to assets ratio of 171.09%, which reflects financial instability, and its program expense ratio of 31.55% suggests that a very small portion of its expenses is directed towards its programs. Additionally, the absence of key documents such as a conflict of interest policy, whistleblower policy, and even its own website on its tax form indicates a lack of transparency and governance that is critical for nonprofit organizations.
While Fost For Good Inc does have documented board meeting minutes, the overall governance structure raises red flags for potential donors and stakeholders. The significant gaps in accountability practices may deter potential supporters who are looking for responsible and transparent organizations to engage with.
This AI summary has been generated from information found on Charity Navigator.
Is Fost For Good Inc legitimate?
Fost For Good Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fost For Good 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Fost For Good Inc?
Fost for Good Inc is committed to leveraging storytelling and innovative technologies to amplify the messages and impact of non-profit and non-governmental organizations working on social issues. Their mission is to support these organizations, primarily in the areas of health, happiness, safety, justice, and sustainability, by providing incentives and resources at the annual Future of Storytelling conference. Winners of these awards are then assisted in turning their creative ideas into tangible projects, helping to drive real-world change. The organization incurs various operational expenses to carry out its mission, including travel, office costs, marketing, utilities, and fees.
Who is the CEO of Fost For Good Inc?
Charles Melcher is the Director of Fost For Good Inc.
What is the revenue of Fost For Good Inc?
Fost For Good Inc's revenue in 2022 was $50,000.
Who are the executives of Fost For Good Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Fost For Good Inc?
Fost For Good Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fost For Good Inc
Fost for Good Inc is an organization with a mission to harness the potential of storytelling and modern technologies. This mission aims to amplify the messages and impacts of non-profit and non-governmental organizations that are actively engaged in social change efforts, working tirelessly to create a healthier, happier, and more sustainable world. To accomplish this, Fost for Good Inc organizes, administers, and awards incentives and prizes to these organizations participating in their designated track at the annual Future of Storytelling conference. The corporation then collaborates with the awardees to help transform their innovative ideas into tangible actions and projects. In essence, Fost for Good Inc serves as a catalyst, using its resources to help these worthy causes make a more significant impact in society.
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Impact
August, 2024
Fost For Good Inc harnesses the power of storytelling and new technologies to amplify the impact of deserving non-profits and non-governmental organizations dedicated to social impact. By organizing, administering, and awarding incentives and prizes to these organizations, Fost For Good helps turn creative ideas into tangible actions and projects that contribute to creating a healthier, happier, safer, more just, and sustainable world. Through its work, Fost For Good empowers organizations working on the front lines of social impact to make a meaningful difference and create positive change in the world.
This information is meant to be a general summary of Fost For Good 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $50,000
Assets and Liabilities:
- Total Assets: $43,316
- Total Liabilities: $74,110
- Net Assets: -$30,794
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Organization Details
Founding Year
2016
Phone
(212) 727-2322Principal Officer
Charles Melcher
Main Address
124 WEST 13TH STREET, NEW YORK, NY, 10011
NTEE Category
Code: P20 - Human services
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