Overview
What is The New Foster Care?
The New Foster Care is a dedicated nonprofit organization situated in Bloomfield Hills, Michigan. Their primary focus is to aid young individuals aged between 14 and 29, who are transitioning out of foster care and require assistance in developing essential skills, resources, and support for their adult lives. The organization operates using a strengths-based and person-centered approach, providing each accepted youth with a multisystemic navigator to guide their transition and collaborate with relevant agencies, including the Department of Health and Human Services (DHHS). The navigator offers coaching and support across five key life domains: education, employment, living situation, community life functioning, and personal effectiveness and wellbeing. The New Foster Care's mission is to instigate transformative change in Michigan's foster care system and make a significant and meaningful impact on the lives of children who have experienced foster care by offering direct service programs, partnering with state and local agencies, and conducting policy research and advancement. The organization boasts a team of 20 dedicated employees.
Official website here: www.thenewfostercare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Stars
The New Foster Care has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization has a high accountability score of 87%, indicating robust financial practices and transparency. It features a fully independent board and maintains no material diversions of assets, which showcases its commitment to ethical governance.
Strengths of The New Foster Care include its excellent program expense ratio of 90.50%, demonstrating that a significant portion of its funds directly support its programs. Additionally, the organization exhibits impressive fundraising efficiency, with no costs associated with fundraising, which suggests effective resource management. Its policies on conflict of interest, document retention, and whistleblower protections are all in place, further enhancing its accountability.
While the organization demonstrates strong financial health with a liabilities to assets ratio of just 0.32% and a working capital ratio of 6.58 years, there are no notable limitations mentioned in the data. Overall, The New Foster Care's performance indicates it is a responsible and effective nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The New Foster Care legitimate?
The New Foster Care is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New Foster Care 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: $134,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $602,079
For more financial information, click here
Official website here: www.thenewfostercare.org
What is the mission statement of The New Foster Care?
The mission of The New Foster Care is centered around bringing about a transformative change in the foster care system of Michigan, aiming to make a measurable and significant impact in the lives of children who have experienced foster care. To achieve this, the organization engages in three key areas: providing direct service programs, collaborating with state and local agencies, and conducting research and advocating for policy changes. The Bridge Program is one of their initiatives, serving as a transitional support model for young people aged 14 to 29 who are exiting foster care. This program utilizes a strengths-based and person-centered approach, assigning a multisystematic navigator to each participant to facilitate their transition and coordinate with relevant service agencies. The navigator offers coaching and support across various aspects of their transition, including education, employment, living situations, community life, personal effectiveness, and wellbeing.
Official website here: www.thenewfostercare.org
Who is the CEO of The New Foster Care?
Chris Yatooma is the President of The New Foster Care.
Official website here: www.thenewfostercare.org
What is the revenue of The New Foster Care?
The New Foster Care's revenue in 2022 was $3,057,622.
Official website here: www.thenewfostercare.org
Who are the executives of The New Foster Care and what are their salaries?
The average compensation at The New Foster Care during 2022 was $36,816. There are 20 employees and 5 volunteers at The New Foster Care.
Here are 6 key members and their salaries:
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- Compensation: $123,800
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- Other: $7,669
Official website here: www.thenewfostercare.org
Where can I find the form 990 for The New Foster Care?
The New Foster Care's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thenewfostercare.org
Learn more at the official website: www.thenewfostercare.org
Mission Statement of The New Foster Care
The New Foster Care, as an organization, is committed to bringing about a transformative change in the Michigan foster care system and making a measurable and meaningful impact on the lives of children who have experienced foster care. It accomplishes this mission through three primary methods: providing direct service programs, collaborating with state and local agencies, and conducting research and advocating for policy changes.
To achieve its goals, The New Foster Care offers a transitional support model called The Bridge Program. This program is designed to assist young people aged 14 to 29 who are transitioning out of foster care and lack the necessary skills, resources, and support to continue their development in adulthood. The Bridge Program employs a strengths-based and person-centered approach, providing each participant with a multisystemic navigator to guide their transition and coordinate with various support agencies. This navigator offers coaching and support across five transitional life domains: education, employment, living situation, community life functioning, and personal effectiveness and wellbeing.
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Impact
July, 2024
The New Foster Care's impact can be seen in the lives of children who have experienced foster care in Michigan. Through its direct service programs, partnerships with state and local agencies, and efforts to research and advance policy, The New Foster Care aims to make a transformative change in the foster care system. One significant program, the Bridge Program, provides transitional support to young people aged 14 to 29 who are aging out of foster care. By offering a strengths-based and person-centered environment, along with the support of multisystematic navigators, The New Foster Care helps these youth develop necessary skills, resources, and support for a successful transition to adulthood. The organization's work in areas such as education, employment, living situation, community life functioning, and personal effectiveness and well-being has a measurable and meaningful impact on improving the lives of children in foster care.
This information is meant to be a general summary of The New Foster Care. 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: $141,897
- Gross Receipts: $3,057,622
Assets and Liabilities:
- Total Assets: $5,140,379
- Total Liabilities: $16,475
- Net Assets: $5,123,904
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Organization Details
Founding Year
2016
Phone
(248) 884-7645Principal Officer
Chris Yatooma
Main Address
1605 S TELEGRAPH, BLOOMFIELD HILLS, MI, 48302
Website
www.thenewfostercare.orgNTEE Category
Code: P32 - Human services
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