Fostering Great Ideas EIN 27-4622960

Fostering Great Ideas FY2021 filing

EIN  27-4622960 Public charity (501(c)(3)) Greenville, SC
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps children navigate foster care and improve their lives.
Leadership
David White · CEO · $62K
Money in and out
$525K revenue, $379K expenses
Bottom line
87% program efficiency

Helps children navigate foster care and improve their lives. For fiscal year 2021 it reported $525K in revenue, $379K in expenses, and $544K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$525K
Pt VIII · Ln 12
Total expenses
$379K
Pt IX · Ln 25
Net assets
$544K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $146K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.09 Fundraising $0.04
Program efficiency
87%
of spending reaches programs
Operating runway
17.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+28%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$525K
FY2021▲ +24%
Expenses
$379K
FY2021▲ +1%
Total assets
$555K
FY2021▲ +36%
Total liabilities
$10K
FY2021▲ +3%
Total revenue
$525K
Pt VIII · Ln 12
Total expenses
$379K
Pt IX · Ln 25
Net assets
$544K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$146K
Total assetsPt X · Ln 16$555K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $166K of program spending, described in the organization's own filed words · FY2021.
01

Sib-Link

When removed from their homes, siblings in foster care are often separated from each other. Sibling bonds, especially in those kids who have faced trauma, are some of the most important bonds in their lives. Sib-link exists to keep this connection strong and reduce further trauma by providing additional regular visits for these children.

$75Kprogram expense
02

Care to Foster

Being a caregiver for another person's child can be difficult. In foster care, only a quarter of caregivers remain in service after the first two years. Through CARE2FOSTER, we encourage caregivers to accept youth and sibling sets, as they are most difficult to find placement for.

$48Kprogram expense
03

Life Support

Statistics for teens who age out of foster care are bleak. We believe our community can reverse these bleak statistics by matching teens with adult mentors to provide ongoing emotional support and guidance. Life support mentors commit to visiting a youth in foster care twice per month, and this is often a multi-year commitment.

$43Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFostering Great Ideas
EINHdr · item D27-4622960
Principal addressHdr · item CGreenville, SC
WebsiteHdr · item Jwww.fgi4kids.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P32)
Ruling yearIRS BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$61,930Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

David White’s $63K as CEO is at the 53rd percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David White$63,372$58,413$56,780$61,930$55,667

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$518K · 99%
Program service revenue$8K · 1%
Investment income$6K · 1%
Contributions & grants99%$518K
Program service revenue1%$8K
Investment income1%$6K
Total revenueLn 12$525K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.09 Fundraising $0.04
Program services87%$330K
Management & general9%$34K
Fundraising4%$15K
Total functional expensesLn 25$379K

Balance Sheet

Part X · end of year
CashLn 1$219K
Total assetsLn 16$555K
Total liabilitiesLn 26$10K
Total net assetsLn 32$544K
Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $555K · Operating expenses/yr $379K
17.6 months
Where the money goes
Program services
Program services $330K · Total expenses $379K
87%
Management & General
Management & general $34K · Total expenses $379K
9%
Fundraising
Fundraising $15K · Total expenses $379K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $11K · Solicited contributions (2-yr avg) $478K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $518K · Total revenue $525K
99%
Government reliance
Government grants — · Total revenue $525K
Earned-income share
Program service revenue $8K · Total revenue $525K
1%
Investment reliance
Investment income $6K · Total revenue $525K
+1%
Program self-sufficiency
Program service revenue $8K · Total expenses $379K
2%
Growth & trend
Revenue growth (YoY)
This year $525K · Prior year $424K
+24%
Net-asset trend (YoY)
End of year $544K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $525K · Expenses $379K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $555K
Net-asset ratio
Net assets $544K · Total assets $555K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $336K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $555K
61%
People & payroll
Highest Reported Total Compensation
Individual David White · Reported title CEO · Highest reported compensation $62K · Total expenses $379K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $297K · Total expenses $379K
78%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 9%
Fundraising cost ratio 3%
Revenue growth 24%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Lb FoundationFY2025$100K
Total grants receivedfrom 3 funders$104K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$934K revenue · ⤓ 990 PDF
FY2023$808K revenue · ⤓ 990 PDF
FY2022$521K revenue · ⤓ 990 PDF
FY2021$525K revenue · viewing · ⤓ 990 PDF
FY2020$424K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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