Overview
What is Fostering Life-Changing Opportunities?
Fostering Life-Changing Opportunities, also known as the Flourish Initiative, is a nonprofit organization situated in Columbia, Missouri. Its primary mission is to provide support, education, and financial aid to youth and families who are challenged by socio-economic barriers, aiming to enhance their well-being and economic mobility. The organization offers scholarships tailored for various educational levels, including trade, technical, licensing, certificate, 2-year, and 4-year degree-seeking students. In addition to scholarships, they provide personal and professional development opportunities through group meetings, one-on-one sessions, and virtual presentations. Some scholarship recipients may also be matched with mentors to expand their professional network and help them achieve academic and career goals. The Flourish Initiative started its formal scholarship program in 2020, and by 2022, Prep Interns who completed their programs successfully began receiving scholarship funds. Scholarship funds are allocated according to 529-eligible expenses, with a portion potentially available for flexible spending on basic needs.
Is Fostering Life-Changing Opportunities legitimate?
Fostering Life-Changing Opportunities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Life-Changing Opportunities 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: $411,969
For more financial information, click here
What is the mission statement of Fostering Life-Changing Opportunities?
Fostering Life-Changing Opportunities is committed to providing supportive services, education, and financial assistance to youth and families experiencing socio-economic barriers to well-being or economic mobility. Their mission is to reduce these barriers and increase access to post-secondary education opportunities for students of color. To achieve this, they offer scholarships and provide students with personal and professional development opportunities through group meetings, one-on-one meetings, and virtual presentations. Some scholarship recipients are also paired with mentors to expand their professional support network and help them meet academic/career-related goals. Scholarship funds are allocated for 529-eligible expenses and may potentially be used for flexible spending that falls into a basic needs category.
Who is the CEO of Fostering Life-Changing Opportunities?
Loreli Wilson is the President of Fostering Life-Changing Opportunities.
What is the revenue of Fostering Life-Changing Opportunities?
Fostering Life-Changing Opportunities's revenue in 2022 was $323,803.
Who are the executives of Fostering Life-Changing Opportunities and what are their salaries?
The average compensation at Fostering Life-Changing Opportunities during 2022 was $18,726. There are 22 employees and 94 volunteers at Fostering Life-Changing Opportunities.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fostering Life-Changing Opportunities?
Fostering Life-Changing Opportunities's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fostering Life-Changing Opportunities
Fostering Life-Changing Opportunities, a nonprofit organization, is devoted to providing supportive services, education, and financial assistance to youth and families who are encountering socio-economic barriers to well-being or economic mobility. Their mission is to reduce these barriers and expand access to postsecondary education opportunities for students of color in the Boone County area. To achieve this, they offer various scholarships tailored to trade, technical, licensing, certificate, two-year, or four-year degree-seeking students. In addition to financial aid, scholarship recipients are provided with personal and professional development opportunities through group meetings, one-on-one sessions, or virtual presentations. Some successful scholarship recipients are also paired with mentors to augment their professional support network and help them attain unique academic or career-related goals. Scholarship funds are allocated according to 529-eligible expenses, with a portion potentially available for more flexible spending that falls under a basic needs category.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Fostering Life-Changing Opportunities significantly impacts the community by addressing socio-economic barriers that hinder access to education for students of color in the Boone County area. Since launching its first formal scholarship program in 2020, it has provided crucial financial support tailored for various educational paths, including trade, technical, licensing, certificate, and degree-seeking programs.
By focusing on scholarships that align with 529-eligible expenses while also allowing for flexible spending on essential needs, the initiative broadens the scope of opportunities available for young people. The program goes beyond financial assistance; it enriches students' experiences through personal and professional development opportunities, delivered via group meetings, individual sessions, and virtual presentations.
Additionally, the pairing of selected scholarship recipients with mentors enhances their professional networks, helping them navigate academic and career challenges more effectively. With the introduction of a scholarship fund for interns who successfully complete their programs, Fostering Life-Changing Opportunities is also supporting the transition from education to meaningful employment. Overall, its multifaceted approach aims to empower youth and families, fostering a pathway towards improved well-being and economic mobility.
This information is meant to be a general summary of Fostering Life-Changing Opportunities. 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: $323,803
Assets and Liabilities:
- Total Assets: $4,690,718
- Total Liabilities: $115,597
- Net Assets: $4,575,121
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2019
Phone
(573) 876-2600Principal Officer
Loreli Wilson
Main Address
403 DYSART ST, COLUMBIA, MO, 65201
NTEE Category
Code: P80 - Human services
If you are a representative of Fostering Life-Changing Opportunities and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.