Nsoro Foundation Inc
Fostering Hope Through Education
Nsoro Foundation Inc
EIN: 87-0758361
as of November 2023
as of November 13, 2023
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
At The nsoro Educational Foundation, we believe no young person aging out of the foster care system should have to navigate the world alone. nsoro offers educational opportunities, a community of support, and most importantly, hope, to some of this generation’s most impressive young adults. nsoro's Scholarship Program not only provides access to post-secondary education but ensures persistence through a holistic mentorship program, resulting in a 81% graduation rate.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
nsoro Scholarship Program
The nsoro Scholarship Program provides youth aging out foster care funding for post secondary education at fully accredited post secondary institutions. nsoro funds both traditional 4 year colleges, trade/vocational and graduate study through age 26
Where we work
External reviews

Photos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of former foster youth who graduate from college
This metric is no longer tracked.Totals By Year
Population(s) Served
Women and girls, Men and boys, Young adults
Related Program
nsoro Scholarship Program
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Number of nsoro scholars who are employed post graduation
This metric is no longer tracked.Totals By Year
Population(s) Served
Women and girls, Men and boys, Young adults
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
The number of nsoro scholars who do not experience homelessness.
This metric is no longer tracked.Totals By Year
Related Program
nsoro Scholarship Program
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Context Notes
2023 - we serve 268 scholars across 31 states. Stable housing is a prevailing barrier to achieving self-sufficiency. Gainful employment, college to career is fundamental to our nsoroWORKS initiative.
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
We are purpose-driven servants working to provide every youth in foster care access to a college education. With more than 600 students attending College Bound and 700 scholars, we are creating a population of thriving former foster youth determined to beat the odds.
Our goals are to ensure consistent and timely nsoro scholarship funds can be accessed by our scholars to support them through graduation, to build the capacity to recruit more scholars and to increase our capacity to connect nsoro scholars to additional supports to successfully complete their post-secondary education and enter the workforce.
What are the organization's key strategies for making this happen?
Our strategies to accomplish these goals include the following:
* Diversify and increase revenue streams for the organization to be used for scholarships;
* Increase programmatic offerings over the next three years;
* Focus on increasing the graduation rate of nsoro scholars from 78% to 85% with mentorships and other educational support;
* Leverage partnerships with colleges and universities to support nsoro scholars;
* Raise awareness of The nsoro Foundation and offer additional scholarship opportunities for all youth in foster care.
What are the organization's capabilities for doing this?
The nsoro Foundation's goals are to ensure consistent and timely nsoro scholarship funds can be accessed by our scholars to support them through graduation, to build the capacity to recruit more scholars and to increase our capacity to connect nsoro scholars to additional supports to successfully complete their post-secondary education and enter the workforce.
We have the capability of ensuring consistent and timely scholarship funds can be accessed by our scholars to support them through graduation by utilizing staff, Board of Directors, Development Committee members and volunteers to increase and diversify our revenue streams and funding opportunities. We also have the capability of building our capacity to recruit more scholars with a strategic marketing plan to raise awareness of The nsoro Foundation among the nation's youth in foster care. And our ability to increase our capacity to connect nsoro scholars to additional supports to successfully complete their post-secondary education and enter the workforce is already underway with our partnerships with colleges and universities across the nation and our growing internship program with major corporations and businesses throughout the country.
What have they accomplished so far and what's next?
The nsoro Foundation is proud of the following accomplishments:
* 98% of nsoro scholars have never been incarcerated;
* 96% of nsoro scholars have never abused drugs or alcohol;
* 92% of nsoro scholars have never been homeless;
* 78% of nsoro scholars have graduated.
What is next? We are actively increasing our revenue sources and building our endowment so we can ensure all youth in foster care have access to funding for a college education.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
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What challenges does the organization face when collecting feedback?
It is difficult to find the ongoing funding to support feedback collection
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2020 info
6.30
Months of cash in 2020 info
5.7
Fringe rate in 2020 info
8%
Funding sources info
Assets & liabilities info
Financial data
Nsoro Foundation Inc
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of Nsoro Foundation Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $128,093 | $153,503 | -$260,337 | $457,903 | $243,657 |
As % of expenses | 16.2% | 18.0% | -24.5% | 41.9% | 16.4% |
Unrestricted surplus (deficit) after depreciation | $127,302 | $152,712 | -$266,795 | $450,564 | $240,286 |
As % of expenses | 16.0% | 17.9% | -24.9% | 41.0% | 16.1% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $882,749 | $816,438 | $871,351 | $1,528,829 | $1,736,920 |
Total revenue, % change over prior year | 164.4% | -7.5% | 6.7% | 75.5% | 13.6% |
Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 3.2% | 2.4% | 0.8% | 0.4% | 0.2% |
Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 2.0% |
All other grants and contributions | 96.8% | 97.6% | 91.3% | 99.0% | 96.0% |
Other revenue | 0.0% | 0.0% | 7.9% | 0.7% | 1.8% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $792,441 | $850,715 | $1,064,358 | $1,092,734 | $1,486,541 |
Total expenses, % change over prior year | -2.5% | 7.4% | 25.1% | 2.7% | 36.0% |
Personnel | 15.4% | 21.8% | 20.6% | 18.2% | 13.9% |
Professional fees | 3.2% | 3.5% | 2.7% | 4.8% | 6.5% |
Occupancy | 0.0% | 0.0% | 2.0% | 1.7% | 1.8% |
Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
Pass-through | 34.7% | 37.3% | 34.6% | 32.8% | 49.2% |
All other expenses | 46.7% | 37.4% | 40.2% | 42.5% | 28.5% |
Full cost components (estimated) info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $793,232 | $851,506 | $1,070,816 | $1,100,073 | $1,489,912 |
One month of savings | $66,037 | $70,893 | $88,697 | $91,061 | $123,878 |
Debt principal payment | $0 | $0 | $0 | $0 | $0 |
Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
Total full costs (estimated) | $859,269 | $922,399 | $1,159,513 | $1,191,134 | $1,613,790 |
Capital structure indicators
Liquidity info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Months of cash | 10.8 | 9.7 | 4.6 | 7.2 | 5.7 |
Months of cash and investments | 10.8 | 9.7 | 4.6 | 7.2 | 5.7 |
Months of estimated liquid unrestricted net assets | 8.2 | 9.8 | 4.5 | 9.3 | 8.8 |
Balance sheet composition info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Cash | $710,775 | $689,022 | $409,290 | $651,170 | $709,650 |
Investments | $0 | $0 | $0 | $0 | $0 |
Receivables | $0 | $25,000 | $108,472 | $420,951 | $590,700 |
Gross land, buildings, equipment (LBE) | $11,335 | $11,335 | $28,335 | $29,750 | $5,370 |
Accumulated depreciation (as a % of LBE) | 73.8% | 80.8% | 65.1% | 86.7% | 89.0% |
Liabilities (as a % of assets) | 11.6% | 11.7% | 29.5% | 20.6% | 15.9% |
Unrestricted net assets | $541,919 | $694,631 | $404,780 | $855,344 | $1,095,630 |
Temporarily restricted net assets | $129,436 | $0 | $0 | N/A | N/A |
Permanently restricted net assets | $0 | $0 | $0 | N/A | N/A |
Total restricted net assets | $129,436 | $0 | $0 | $0 | $0 |
Total net assets | $671,355 | $694,631 | $404,780 | $855,344 | $1,095,630 |
Key data checks
Key data checks info | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Ms. Monica Pantoja
Number of employees
Source: IRS Form 990
Nsoro Foundation Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
Nsoro Foundation Inc
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Nsoro Foundation Inc
Board of directorsas of 10/20/2023
Board of directors data
Mr. Darrell Mays
Navigation Capital Partners
Term: 2005 -
Mr. Steve Smith
Tony Conway
Legendary Events
Tish Inman
Community Volunteer
Tom Davis
AT-PAC
Tara Mays
Community Volunteer
Vince Burkett
Vista Equity
Juanita Baranco
Mercedes Benz Atlanta
Chris Gilmore
Townsend and Lockett
Carl Peoples
Goldman Sachs
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 04/21/2020GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.