Fostering the Light Foundation
Improves foster children's lives through positive programs in Eastern Panhandle, West Virginia. For fiscal year 2024 it reported $566K in revenue, $554K in expenses, and $11K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Mental Health
- Location
- Martinsburg, WV
- Filings
- 4 on file (2021–2024)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
Donations made to 501c3 organizations.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Michael J Barrett’s $52K as Director is at the 39th percentile of top reported officer pay among 2082 $100K–1M mental health 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Michael J Barrett | $52,000 | $31,200 | $31,200 | $28,354 |
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
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 2% | — | — |
| Overhead ratio | 98% | — | — |
| Revenue growth | 33% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0.6% | — | — |
| Fundraising fee ratio | 0% | — | — |
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.
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Filings & Schedule Manifest
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Sources
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