Foster Adopt Connect INC: FY2023 Nonprofit Profile & Form 990 (EIN 43-1895965)

Revenue by fiscal year
FY2019	$11.1M
FY2020	$9.2M
FY2021	$8.2M
FY2022	$18.9M
FY2023	$20.8M
FY2024	$23.2M
FY2025	$23.2M

Expenses by fiscal year
FY2019	$6.8M
FY2020	$7.0M
FY2021	$9.1M
FY2022	$17.5M
FY2023	$21.9M
FY2024	$22.8M
FY2025	$26.1M

Net assets by fiscal year
FY2019	$9.3M
FY2020	$10.2M
FY2021	$10.6M
FY2022	$12.2M
FY2023	$11.1M
FY2024	$11.5M
FY2025	$8.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

77%

17%

Program services 77% · $16.9M Management & general 17% · $3.8M Fundraising 5% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $766K paid to officers and key staff.

Part VII, Section A · reportable compensation

Lori Ross

President and CEO

$185,950Pt VII · Sec A

Jennifer Johnson

Chief Operations Officer

$162,805Pt VII · Sec A

Bridget Myers

Chief Development Officer

$152,981Pt VII · Sec A

Joshua Hollingsworth

President of Advancement

$109,495Pt VII · Sec A

Thomas Prudden

Chief Business Officer

$98,835Pt VII · Sec A

David Vest

Chiief Financial Officer

$56,005Pt VII · Sec A

David Woods

Board Member

$0Pt VII · Sec A

Douglas Ghertner

Board Member

$0Pt VII · Sec A

Loretta Ross’s $220K as President an is at the 53rd percentile of top reported officer pay among 3122 $10–100M 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 · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Loretta Ross	$220,395	—	—	—	—	—
Lori Ross	—	$190,967	$185,950	$183,370	$176,975	$149,595
Jennifer Johnson	$184,961	$157,814	$162,805	$159,337	$140,006	$107,384
David Vest	$156,530	$141,087	$56,005	—	—	—
Bridget Myers	—	$142,265	$152,981	$151,693	—	—
Joshua Hollinsworth	$144,738	$119,190	—	—	—	—
Jim Keeney	—	—	—	$143,346	$65,112	—
Bridgett Myers	—	—	—	—	$135,739	$105,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports foster and adoptive families to provide stable, loving homes for abused and neglected children.

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Provided by the organization

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1 program · $16.9M · in their own filed words · FY2023

01

See schedule o.

$16.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Jackson County Community Childrens Service FundFY2024$601K

Greater Kansas City Community FoundationFY2024$116K

Community Foundation of the Ozarks INCFY2024$35K

United Way of Greater Kansas City INCFY2024$35K

Springfield Black Tie INCFY2024$20K

Brockschmidt Charitable TrFY2024$19K

Donor Advised Charitable Giving INCFY2024$15K

Masonic Home of MissouriFY2024$14K

Total grants receivedfrom 22 funders$929K

See all 22 funders →

Grants paid · 31 grants · $2.4M · 2019–2025

Unitemized GrantFY2025$157,490

Unitemized GrantFY2025$80,757

Unitemized GrantFY2025$26,251

Unitemized GrantFY2025$12,699

Unitemized GrantFY2024$242,742

Unitemized GrantFY2024$63,193

Unitemized GrantFY2024$38,391

Unitemized GrantFY2024$6,964

Unitemized GrantFY2023$180,352

Unitemized GrantFY2023$150,035

Unitemized GrantFY2023$1,232

Unitemized GrantFY2022$660,511

Unitemized GrantFY2022$60,906

Unitemized GrantFY2022$42,714

Unitemized GrantFY2022$12,524

Unitemized GrantFY2022$4,510

Unitemized GrantFY2022$200

Unitemized GrantFY2021$149,530

See all 31 grants →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$20.8M

Ln 12

Gifts and grantsLn 1h$18.4M

Fees for servicesLn 2g$1.3M

Other incomeLn 4–11$998K

Money outPt IX

$21.9M

Ln 25

Programscol B$16.9M

Managementcol C$3.8M

Fundraisingcol D$1.1M

Owns and owesPt X

$11.1M

net assets · Ln 32

Cash and savingsLn 1–2$3.7M

Total assetsLn 16$14.1M

LiabilitiesLn 26$3.1M

PeoplePt VI, VII

25

listed · VII A

PaidVII A6

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$18.4M

Government grantsLn 1e$4.4M

Noncash giftsLn 1g$1.7M

Fundraising eventsLn 1c$589K

Fees for servicesLn 2g$1.3M

Investment incomeLn 3$87K

Other incomeLn 4–11$998K

Total revenueLn 12$20.8M

Assets in detailPt X, end of year

CashLn 1$1.6M

SavingsLn 2$2.1M

Cash and savings togetherLn 1–2$3.7M

Land, buildings, equipmentLn 10c$6.8M

Other assetsLn 15$750K

Total assetsLn 16$14.1M

LiabilitiesLn 26$3.1M

Net assetsLn 32$11.1M

OperationsPt I, VI

EmployeesI 5534

VolunteersI 6250

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$2.1M	$3.7M
Land, buildings, equipmentLn 10c	$7.0M	$6.8M
Total assetsLn 16	$14.4M	$14.1M
LiabilitiesLn 26	$2.2M	$3.1M
Net assetsLn 32	$12.2M	$11.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.0M	$2.0M
Pay of current officers, directors and key staffLn 5	$761K	$580K	$136K	$44K
Other salaries and wagesLn 7	$11.8M	$9.0M	$2.1M	$685K
Pension plan contributionsLn 8	$327K	$250K	$59K	$19K
Other employee benefitsLn 9	$2.5M	$1.9M	$444K	$144K
Payroll taxesLn 10	$905K	$690K	$162K	$53K
Legal feesLn 11b	$46K		$46K
Accounting feesLn 11c	$104K		$104K
Lobbying feesLn 11d	$80K	$61K	$14K	$5K
Other fees for servicesLn 11g	$626K	$477K	$112K	$36K
Advertising and promotionLn 12	$139K		$139K
Office expensesLn 13	$126K	$96K	$23K	$7K
Information technologyLn 14	$374K	$285K	$67K	$22K
OccupancyLn 16	$742K	$566K	$133K	$43K
TravelLn 17	$484K	$369K	$87K	$28K
Conferences, conventions and meetingsLn 19	$13K	$10K	$2K	$781
InterestLn 20	$54K	$41K	$10K	$3K
Depreciation, depletion and amortizationLn 22	$356K	$271K	$64K	$21K
InsuranceLn 23	$253K	$193K	$45K	$15K
Other expenses (24a–d)Ln 24	$184K	$159K	$19K	$6K
All other expensesLn 24e	$56K	$43K	$10K	$3K
Total functional expensesLn 25	$21.9M	$16.9M	$3.8M	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$23.2M	$26.1M	−$2.9M	$8.6M	990 PDF
FY2024	$23.2M	$22.8M	$426K	$11.5M	990 PDF
FY2023 Viewing	$20.8M	$21.9M	−$1.1M	$11.1M	990 PDF
FY2022	$18.9M	$17.5M	$1.4M	$12.2M	990 PDF
FY2021	$8.2M	$9.1M	−$929K	$10.6M	990 PDF
FY2020	$9.2M	$7.0M	$2.2M	$10.2M	990 PDF
FY2019	$11.1M	$6.8M	$4.3M	$9.3M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2023 990 (6 parts)

Part I · Summary $20,791,342 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $17,756,009$18,411,410

I-9 Program service revenuePrior year $1,219,727$1,294,677

I-10 Investment incomePrior year $3,117$86,957

I-11 Other revenuePrior year −$126,869$998,298

I-12 Total revenuePrior year $18,851,984$20,791,342

I-13 Grants and similar amounts paidPrior year $781,365$2,004,510

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $13,203,070$16,220,213

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $3,502,164$3,637,927

I-18 Total expensesPrior year $17,486,599$21,862,650

I-19 Revenue less expensesPrior year $1,365,385−$1,071,308

Part VI · Governance 16 of 16 board members independent, no flags

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $20,791,342 across 12 lines filed

Lines not itemized here account for $153,542 of total revenue; see the IRS return.

VIII-1a Federated campaigns$24,747

VIII-1c Fundraising events$589,266

VIII-1e Government grants$4,384,413

VIII-1f All other contributions, gifts and grants$13,412,984

VIII-1g Noncash contributions (included above)$1,736,565

VIII-1h Total contributions, gifts and grants$18,411,410

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,294,677$1,294,677

VIII-3 Investment incomeExcluded from tax $86,957$86,957

VIII-6 Net rental income or lossExcluded from tax $3,125$3,125

VIII-8 Net income from fundraising eventsExcluded from tax −$211,452−$211,452

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,053,083$1,053,083

VIII-12 Total revenueRelated to mission $1,294,677 · Unrelated business $0 · Excluded from tax $1,085,255$20,791,342

Part IX · Statement of functional expenses $21,862,650 across 21 lines filed

IX-2 Grants to domestic individualsPrograms $2,004,510$2,004,510

IX-5 Pay of current officers, directors and key staffPrograms $580,234 · Management $136,460 · Fundraising $44,371$761,065

IX-7 Other salaries and wagesPrograms $8,960,221 · Management $2,107,250 · Fundraising $685,180$11,752,651

IX-8 Pension plan contributionsPrograms $249,672 · Management $58,717 · Fundraising $19,092$327,481

IX-9 Other employee benefitsPrograms $1,886,184 · Management $443,590 · Fundraising $144,235$2,474,009

IX-10 Payroll taxesPrograms $689,977 · Management $162,268 · Fundraising $52,762$905,007

IX-11b Legal feesManagement $45,752$45,752

IX-11c Accounting feesManagement $104,240$104,240

IX-11d Lobbying feesPrograms $60,992 · Management $14,344 · Fundraising $4,664$80,000

IX-11g Other fees for servicesPrograms $477,301 · Management $112,251 · Fundraising $36,499$626,051

IX-12 Advertising and promotionManagement $138,738$138,738

IX-13 Office expensesPrograms $96,382 · Management $22,667 · Fundraising $7,370$126,419

IX-14 Information technologyPrograms $285,211 · Management $67,075 · Fundraising $21,810$374,096

IX-16 OccupancyPrograms $565,736 · Management $133,049 · Fundraising $43,261$742,046

IX-17 TravelPrograms $369,239 · Management $86,837 · Fundraising $28,235$484,311

IX-19 Conferences, conventions and meetingsPrograms $10,218 · Management $2,403 · Fundraising $781$13,402

IX-20 InterestPrograms $40,854 · Management $9,608 · Fundraising $3,124$53,586

IX-22 Depreciation, depletion and amortizationPrograms $271,200 · Management $63,780 · Fundraising $20,738$355,718

IX-23 InsurancePrograms $193,190 · Management $45,434 · Fundraising $14,773$253,397

IX-24 Other expenses (24a–d)Programs $159,141 · Management $18,829 · Fundraising $6,122$184,092

IX-24e All other expensesPrograms $42,755 · Management $10,055 · Fundraising $3,269$56,079

IX-25 Total functional expensesPrograms $16,943,017 · Management $3,783,347 · Fundraising $1,136,286$21,862,650

Part X · Balance sheet $14,136,289 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $1,178,791$1,580,603

X-2 Savings and temporary cash investmentsStart of year $942,863$2,089,188

X-3 Pledges and grants receivableStart of year $3,315,557$1,388,531

X-4 Accounts receivableStart of year $278,018$953,594

X-8 Inventories for sale or useStart of year $354,745$406,013

X-9 Prepaid expenses and deferred chargesStart of year $432,375$150,782

X-10c Land, buildings and equipment, netStart of year $7,009,281$6,817,089

X-15 Other assetsStart of year $868,052$750,489

X-16 Total assetsStart of year $14,379,682$14,136,289

X-17 Accounts payable and accrued expensesStart of year $686,732$528,476

X-19 Deferred revenueStart of year $309,267$471,590

X-25 Other liabilitiesStart of year $876,466$770,617

X-26 Total liabilitiesStart of year $2,226,708$3,052,435

X-27 Net assets without donor restrictionsStart of year $10,084,966$7,109,367

X-28 Net assets with donor restrictionsStart of year $2,068,008$3,974,487

X-32 Total net assets or fund balancesStart of year $12,152,974$11,083,854

X-33 Total liabilities and net assetsStart of year $14,379,682$14,136,289

Part XI · Reconciliation of net assets $11,083,854 net assets at year end

XI-1 Total revenue$20,791,342

XI-2 Total expenses$21,862,650

XI-3 Revenue less expenses−$1,071,308

XI-4 Net assets at start of year$12,152,974

XI-5 Net unrealized gains (losses) on investments$2,188

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$11,083,854

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Foster Adopt Connect INC FY2023 filing

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