PLATINUM2023

Foster the Family

Everyone has a part to play in caring for children in foster care. What's your part?

aka Foster the Family   |   SICKLERVILLE, NJ   |  www.fosterthefamily.org
GuideStar Charity Check

Foster the Family

EIN: 81-3695278


Mission

Foster the Family exists to support and encourage foster and adoptive families, mobilize and equip the community for foster care and adoption, and advocate for vulnerable children.

Ruling year info

2018

Board President

Jamie C Finn

Main address

1892 Greentree Road Suite #4

SICKLERVILLE, NJ 08003 USA

Show more contact info

EIN

81-3695278

Subject area info

Youth services

Population served info

Children and youth

Parents

NTEE code info

Children's and Youth Services (P30)

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

Show Forms 990

Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

There are many critical needs for foster and adoptive families, but Foster the Family specifically wants to solve the lack of resources and community to aid in healing, safety, and thriving in families.

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?

FosterCare Packages

Foster the Family provides immediate support to foster families and children through emergency supplies and practical necessities.

Within 24 hours of a new foster placement, Foster the Family delivers practical necessities and comforting support to the doorstep of a foster family. Each family will be paired with a trained staff member and receive a meal; information about resources and support; a note of encouragement and contact information of a mentor foster parent; clothing, hygiene items, supplies, and comfort items for the child.

Population(s) Served
Children and youth
Parents

Foster the Family provides continued, holistic support to foster families through mentorship, community, and special events.

Population(s) Served
Parents

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.

Total number of conferences held

This metric is no longer tracked.
Totals By Year
Related Program

Foster Parent Support

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Average number of service recipients per month

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

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.

Foster the Family aims to catalyze the community and engage the church to solve the debilitating lack of support, relationship, and resources for foster families. We want to see children healed, foster parents revived, and the community enlightened to bring together and uplift hurting children.

--National support group led by passionate, trauma-responsive professionals
--Growing branches that engage community through events and resources
--Volunteers around the country to deliver necessary food and care packages for new and struggling foster families
--Trained respite opportunities

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 make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, 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 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 people’s interactions with us (e.g., site, frequency of service, etc.), We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome

Financials

Foster the Family
Fiscal year: Jan 01 - Dec 31

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 2022 info

SOURCE: IRS Form 990

4.73

Average of 23.15 over 5 years

Months of cash in 2022 info

SOURCE: IRS Form 990

4.6

Average of 8.6 over 5 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

13%

Average of 7% over 5 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Foster the Family

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Foster the Family

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

Foster the Family

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Foster the Family’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 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $198,421 $57,523 -$103,790
As % of expenses 177.6% 21.1% -17.8%
Unrestricted surplus (deficit) after depreciation $198,421 $57,523 -$103,790
As % of expenses 177.6% 21.1% -17.8%
Revenue composition info
Total revenue (unrestricted & restricted) $310,118 $377,235 $477,769
Total revenue, % change over prior year 0.0% 21.6% 26.7%
Program services revenue 0.0% 41.7% 34.2%
Membership dues 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0%
Government grants 15.2% 0.0% 0.0%
All other grants and contributions 84.8% 58.3% 65.8%
Other revenue 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $111,697 $272,712 $581,559
Total expenses, % change over prior year 0.0% 144.2% 113.3%
Personnel 17.6% 25.9% 31.4%
Professional fees 1.1% 1.8% 1.4%
Occupancy 17.4% 6.1% 4.7%
Interest 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0%
All other expenses 64.0% 66.2% 62.5%
Full cost components (estimated) info 2020 2021 2022
Total expenses (after depreciation) $111,697 $272,712 $581,559
One month of savings $9,308 $22,726 $48,463
Debt principal payment $0 $0 $0
Fixed asset additions $0 $0 $0
Total full costs (estimated) $121,005 $295,438 $630,022

Capital structure indicators

Liquidity info 2020 2021 2022
Months of cash 24.0 14.3 4.6
Months of cash and investments 24.0 14.3 4.6
Months of estimated liquid unrestricted net assets 23.9 12.3 3.6
Balance sheet composition info 2020 2021 2022
Cash $223,622 $324,735 $221,927
Investments $0 $0 $0
Receivables $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 1.0% 14.0% 21.0%
Unrestricted net assets $222,470 $279,993 $176,203
Temporarily restricted net assets N/A N/A N/A
Permanently restricted net assets N/A N/A N/A
Total restricted net assets $0 $0 $0
Total net assets $222,470 $279,993 $176,203

Key data checks

Key data checks info 2020 2021 2022
Material data errors No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Board President

Jamie C Finn

Jamie C. Finn is the executive director of Foster the Family, the author of Foster the Family, the host of Real Mom Podcast, and the founder and owner of Goods and Better. Her popular social media accounts offer a glimpse into the real life of a foster parent and provide encouragement to tens of thousands of foster parents. At any given moment Jamie is a mother to four to six children, including her two biological children and two children adopted through foster care. She lives in New Jersey with her husband, Alan.

Number of employees

Source: IRS Form 990

Foster the Family

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

There are no highest paid employees recorded for this organization.

Foster the Family

Board of directors
as of 10/02/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Jamie Finn

Justice Volz

Joshua Volz

Andrea Thorpe

Robin Young

Christine Fellona

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? No

Organizational demographics

SOURCE: Self-reported; last updated 10/2/2023

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
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 03/14/2022

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 ask team members to identify racial disparities in their programs and / or portfolios.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • 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.