Foster Nation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852404828 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is Foster Nation?

Foster Nation is a dedicated nonprofit organization that aims to support and empower foster youth transitioning into adulthood. Their mission is to prepare these young individuals to become self-sufficient adults by offering various resources and mentorship opportunities. Their primary programs include CareerX, which helps foster youth develop essential skills for their future, The Essentials to boost their confidence, Meal Nation to address food insecurity, The Collective to raise awareness and advocate for foster youth, and Defy Impossible Scholarship to create a career pathway in the beauty industry. Foster Nation aims to engage and empower the community to be part of this transformative journey, fostering the next generation of impact leaders.


Official website here: www.fosternation.org

Is Foster Nation legitimate?

Foster Nation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foster Nation 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,696

For more financial information, click here


Official website here: www.fosternation.org

What is the mission statement of Foster Nation?

Foster Nation's mission is to engage and empower the community in preparing, supporting, and empowering foster youth transitioning out of the system to become self-sufficient adults. They accomplish this by providing essential resources, social support, and mentorship. Their main programs include CareerX for skill development, The Essentials to build confidence, Meal Nation to address food insecurity, The Collective for awareness and advocacy, and Defy Impossible Scholarship for a career pathway into the beauty industry. The organization aims to empower foster youth to navigate adulthood with confidence and resilience.


Official website here: www.fosternation.org

Who is the CEO of Foster Nation?

Maggie Lin is the Executive Director of Foster Nation.


Official website here: www.fosternation.org

What is the revenue of Foster Nation?

Foster Nation's revenue in 2022 was $795,181.


Official website here: www.fosternation.org

Who are the executives of Foster Nation and what are their salaries?

The average compensation at Foster Nation during 2022 was $42,174. There are 4 employees and 180 volunteers at Foster Nation.


Here are 9 key members and their salaries:


Maggie Lin (Executive Director)
  • Compensation: $85,000
  • Related: $0
  • Other: $0
Caroline Kunitz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Milken (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Elster (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Pritzker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Herman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Shamtoob (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Somerville (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Taylor (Director (As Of 01/26/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fosternation.org

Where can I find the form 990 for Foster Nation?

Foster Nation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fosternation.org

Learn more at the official website: www.fosternation.org

Mission Statement of Foster Nation

Foster Nation, an organization dedicated to its mission, strives to engage and empower the community to prepare and support foster youth as they transition into self-sufficient adults. The nonprofit provides resources, social support, and mentorship to foster youth, aiming to equip them with the necessary skills for adulthood. One of Foster Nation's primary programs, CareerX, focuses on developing personal and professional skills essential for young adults. The Essentials program aims to boost confidence in foster youth by providing essential resources, while Meal Nation tackles food insecurity. The Collective raises awareness and advocates for foster youth, fostering the next generation of impact leaders. Lastly, Defy Impossible Scholarship creates a career pathway into the beauty industry. Foster Nation's mission is to support and empower foster youth, ensuring a smooth transition into adulthood.

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Impact




July, 2024

Foster Nation's impact is significant in empowering foster youth aging out of the system to become self-sufficient adults. Through programs like CareerX, The Essentials, Meal Nation, The Collective, and Defy Impossible Scholarship, Foster Nation provides essential resources, skill development, mentorship, and advocacy to support foster youth in building confidence and securing a better future. By engaging the community and raising awareness about the challenges faced by foster youth, Foster Nation plays a crucial role in creating a supportive environment for these young individuals to thrive and succeed.




This information is meant to be a general summary of Foster Nation. 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.

Revenue
$795,181 (2022)
Expenses
$518,242 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,905
  • Gross Receipts: $795,181

Assets and Liabilities:

  • Total Assets: $853,736
  • Total Liabilities: $8,157
  • Net Assets: $845,579

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Organization Details

Founding Year

2020

Principal Officer

Maggie Lin

Main Address

11150 SANTA MONICA BLVD 1500, LOS ANGELES, CA, 90025

NTEE Category

Code: P30 - Human services

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