PLATINUM2023

Nsoro Foundation Inc

Fostering Hope Through Education

aka The nsoro Educational Foundation   |   Atlanta, GA   |  https://nsoro.foundation/
GuideStar Charity Check

Nsoro Foundation Inc

EIN: 87-0758361


Mission

The mission of The nsoro Educational Foundation provides access to and attainment of post secondary education for all youth aging out of foster care.

Ruling year info

2007

Executive Director

Ms. Monica Pantoja

Main address

1349 W. Peachtree St. NW Suite 1525

Atlanta, GA 30309-2449 USA

Show more contact info

EIN

87-0758361

Subject area info

Higher education

Out-of-school learning

Leadership development

Youth development

Youth mentoring

Population served info

Young adults

NTEE code info

Higher Education Institutions (B40)

Fund Raising and/or Fund Distribution (O12)

Leadership Development (W70)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

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

SOURCE: Self-reported by organization

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

Population(s) Served
Young adults

Where we work

Our results

SOURCE: Self-reported by organization

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

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

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.

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.

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.

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

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • 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

  • 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

  • What challenges does the organization face when collecting feedback?

    It is difficult to find the ongoing funding to support feedback collection

Financials

Nsoro Foundation Inc
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 2022 Issued Financial Statement 2020 Audited Financials
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020 info

SOURCE: IRS Form 990

6.30

Average of 19.91 over 10 years

Months of cash in 2020 info

SOURCE: IRS Form 990

5.7

Average of 12.2 over 10 years

Fringe rate in 2020 info

SOURCE: IRS Form 990

8%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Nsoro Foundation Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Nsoro Foundation Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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 ending: cloud_download Download Data

Nsoro Foundation Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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.

Created in partnership with

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
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Ms. Monica Pantoja

Number of employees

Source: IRS Form 990

Nsoro Foundation Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Nsoro Foundation Inc

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Nsoro Foundation Inc

Board of directors
as of 10/20/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Mr. Darrell Mays

Navigation Capital Partners

Term: 2005 -


Board co-chair

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

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • 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

SOURCE: Self-reported; last updated 10/10/2023

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
Hispanic/Latino/Latina/Latinx
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 04/21/2020

GuideStar 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

Data
  • 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.
Policies and processes
  • 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.