Overview
What is Fostering Acadia?
Fostering Acadia is a nonprofit organization located in Richmond, Virginia, with a mission to empower youth seeking independent living arrangements. They offer an apartment-style program for young adults aged 17 to 21, assisting them in developing daily living skills, securing employment, and pursuing education. Using various tools such as case management logs, monthly reports, and ISPs, Fostering Acadia sets and achieves service goals for each youth. Their program includes counseling, employment assistance, education support, transportation aid, financial guidance, and help with achieving permanent living arrangements. They utilize the Casey Life Skills Assessment as a primary tool for measuring youth outcomes. During the past year, Fostering Acadia served 70 youth, averaging a stay of 302 days, and 31 youths obtained their first cars through the organization's Car Incentive Program. The program showed significant improvements, with 97% of enrolled youth increasing their independent living skills, 94% obtaining employment, and 83% staying within their monthly budgets.
Official website here: www.fosteringacadia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Fostering Acadia has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with a score of 77%. This rating reflects the organization's commitment to transparency and responsible financial management, which is crucial for building trust with donors and stakeholders.
The charity boasts a fully independent board, which is a significant strength, as it enhances governance and oversight. With no material diversion of assets noted and a high program expense ratio of 86.55%, Fostering Acadia demonstrates effective use of funds towards its mission. They also maintain important policies such as conflict of interest and document retention, which further bolster their accountability.
However, the organization lacks a whistleblower policy, which is a noted limitation in their governance practices. This absence could potentially affect internal reporting and accountability mechanisms. Overall, while Fostering Acadia shows strong financial health and governance, addressing the missing policy could enhance their overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Fostering Acadia legitimate?
Fostering Acadia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Acadia 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: $256,201
Professional Fundraising Fees: $0
Other Salaries and Wages: $806,801
For more financial information, click here
Official website here: www.fosteringacadia.org
What is the mission statement of Fostering Acadia?
Fostering Acadia's mission is centered around improving outcomes for young individuals transitioning out of the foster care system. The organization provides an apartment-style program to assist these youth in developing daily living skills, securing employment, and pursuing their education. Their goal is to foster hope, change, and build futures for these young individuals, helping them achieve independence. Using various tools and resources, such as case management logs, monthly reports, and ISPs, Fostering Acadia sets and works towards specific service goals for each youth, encompassing areas like counseling, employment, education, transportation, finances, and permanency. During the tax year, the program served around 70 youth, with the majority of them showing significant improvement in their independent living skills, employment prospects, and budget management.
Official website here: www.fosteringacadia.org
Who is the CEO of Fostering Acadia?
Unavailable
Official website here: www.fosteringacadia.org
What is the revenue of Fostering Acadia?
Fostering Acadia's revenue in 2022 was $4,241,727.
Official website here: www.fosteringacadia.org
Who are the executives of Fostering Acadia and what are their salaries?
The average compensation at Fostering Acadia during 2022 was $46,217. There are 23 employees at Fostering Acadia.
Here are 5 key members and their salaries:
- Compensation: $138,500
- Related: $0
- Other: $0
- Compensation: $87,709
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fosteringacadia.org
Where can I find the form 990 for Fostering Acadia?
Fostering Acadia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fosteringacadia.org
Learn more at the official website: www.fosteringacadia.org
Mission Statement of Fostering Acadia
Fostering Acadia, a nonprofit organization, is committed to improving the lives of youth transitioning out of the foster care system. Its mission is to provide an apartment-style program that assists these young individuals in honing their daily living skills, securing employment, and pursuing educational opportunities. By implementing service goals and objectives through tools such as case management logs, monthly reports, Individual Service Plans (ISPs), and quarterlies, Fostering Acadia aims to foster hope, change, and a promising future for its residents.
The apartment-style program serves young adults aged 17 to 21, offering them a supportive environment to develop essential life skills. Fostering Acadia's approach to youth development is multifaceted, addressing areas such as counseling, employment, education, transportation, finances, and permanency. One of the organization's key measuring tools is the Casey Life Skills Assessment, which helps track the progress of its residents in achieving their service goals.
During the tax year, Fostering Acadia successfully served 70 youth, averaging a stay of 302 days. Notably, 31 of these young adults obtained their first cars through Fostering Acadia's Car Incentive Program. Additionally, 97% of the enrolled youth demonstrated improved independent living skills, as evidenced by their progress compared to their ISPs, Casey Life Skills Assessments, and FAPT goals. Similarly, 91% of the youth secured employment, and an impressive 83% managed to stay within their monthly budgets.
In summary, Fostering Acadia's mission is to empower young adults leaving the foster care system by offering an apartment-style program that focuses on daily living skills, employment, and educational support. By implementing service goals and objectives and utilizing tools like the Casey Life Skills Assessment, Fostering Acadia helps its residents develop the necessary skills to thrive independently and lead fulfilling lives.
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Impact
July, 2024
Fostering Acadia's impact is profound in helping youth aging out of the foster care system achieve better outcomes. By providing an apartment-style program that offers support in daily living skills, employment, and education, Fostering Acadia is fostering hope, change, and futures for these young individuals. Through their tailored service goals and objectives, including counseling, employment, education, transportation, finances, and permanency, Fostering Acadia positively impacts the lives of the youth they serve.
During the past year, Fostering Acadia has made significant strides in supporting 70 youth, with an average stay of 302 days. Notably, 31 youths in the program obtained their first car through the Car Incentive Program. The organization's commitment to improving independent living skills is evident, as 97% of enrolled youth saw an increase in their skills. Additionally, 94% of youth secured employment, and 83% managed to stay under their monthly budgets.
Fostering Acadia's utilization of the Casey Life Skills Assessment as a measuring tool further demonstrates their dedication to tracking and enhancing youth outcomes. Through their efforts, Fostering Acadia is making a tangible difference in the lives of youth transitioning out of the foster care system in Richmond, VA.
This information is meant to be a general summary of Fostering Acadia. 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.
- Investment Income: $146
- Gross Receipts: $4,241,727
Assets and Liabilities:
- Total Assets: $1,679,362
- Total Liabilities: $83,497
- Net Assets: $1,595,865
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Organization Details
Founding Year
2016
Phone
(804) 298-5074Main Address
5402 Glenside Drive D, Richmond, VA, 23228
Website
www.fosteringacadia.orgNTEE Category
Code: P01 - Human services
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