Foster Care Counts EIN 45-4619493 Form 990 (PDF) Claim this org

Foster Care Counts FY2021 filing

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Helps foster children and those aging out of care improve their lives. For fiscal year 2021 it reported $357K in revenue, $881K in expenses, and $281K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Los Angeles, CA
Website
www.fostercarecounts.org
Filings
5 on file (2020–2021)
Revenue
$357KFY2021
Expenses
$881K
Net assets
$281K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4619493 Unknown exempt organization Los Angeles, CA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Helps foster children and those aging out of care improve their lives.
Leadership
Winifred Wechsler · Director/Secretary/ Treasu
Money in and out
$357K revenue, $881K expenses
Bottom line
-147% surplus margin
Reported financial activity · FY2021
Total revenue
$357K
Pt VIII · Ln 12
Total expenses
$881K
Pt IX · Ln 25
Net assets
$281K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$524K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.01 Fundraising $0.00
Surplus margin
-147%
revenue over expenses, this year
Program spending
98%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$357K
FY2021▼ -67%
Expenses
$881K
FY2021▲ +73%
Total assets
$281K
FY2021▼ -71%
Total liabilities
$0
FY2021▼ -100%
Total revenue
$357K
Pt VIII · Ln 12
Total expenses
$881K
Pt IX · Ln 25
Net assets
$281K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$524K
Total assetsPt X · Ln 16$281K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoster Care Counts
EINHdr · item D45-4619493
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jwww.fostercarecounts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director/Secretary/ Treasu
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Chair/President
$0Pt VII · Sec A
See Foster Care Counts executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $864K of program spending, described in the organization's own filed words · FY2021.
01

Foster care counts is an all-volunteer nonprofit organization dedicated to helping foster youth get the education they need to become self-sufficient, independent, young adults. Foster care counts holds programmatic events in honor of foster youth and families.

$702Kprogram expense
02

Meal nation is a pilot program to provide a meal a day to foster youth students in college during the pandemic. Food insecurity was and continues to be a critical issue for this population. Staff of guardian scholars programs, on-campus support programs for foster youth at colleges, helped us reach and vet students for the program.

$123Kprogram expense
03

Foster nation was fiscally sponsored by foster care counts until april 24, 2021. It's mission is to engage millennials in the issues affecting their peers who have grown up in foster care and empowers foster youth aging out of the system to become future leaders.

$39Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$357K
Investment income$54
Other revenue$11
Total revenueLn 12$357K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.01 Fundraising $0.00
Program services98%$864K
Management & general1%$13K
Fundraising$4K
Total functional expensesLn 25$881K

Balance Sheet

Part X · end of year
CashLn 1$281K
Total assetsLn 16$281K
Total liabilitiesLn 26$0
Total net assetsLn 32$281K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $281K · Operating expenses (Pt IX) $881K · Less non-cash grants $3K · Cash operating expenses/yr $878K
3.8 months
Where the money goes
Program services
Program services $864K · Total expenses $881K
98%
Management & General
Management & general $13K · Total expenses $881K
1%
Fundraising
Fundraising $4K · Total expenses $881K
0.5%
Cost to raise $1
Fundraising expense (2-yr avg) $17K · Solicited contributions (2-yr avg) $712K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $357K · Total revenue $357K
100%
Government reliance
Government grants — · Total revenue $357K
Earned-income share
Program service revenue $0 · Total revenue $357K
0%
Investment reliance
Investment income $54 · Total revenue $357K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $881K
0%
Growth & trend
Revenue growth (YoY)
This year $357K · Prior year $1.1M
-67%
Net-asset trend (YoY)
End of year $281K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $357K · Expenses $881K
-147%
Liabilities-to-Assets
Total liabilities — · Total assets $281K
Net-asset ratio
Net assets $281K · Total assets $281K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $281K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Winifred Wechsler · Reported title DIRECTOR/SECRETARY/ TREASU · Highest reported compensation $0 · Total expenses $881K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $881K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 1%
Fundraising cost ratio 1%
Revenue growth -67%
Accounting fee ratio 0.3%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$126
Grants paid · 10 grants · $1.1M · 2020–2024
Foster NationCA · FY2024$300,845
Los Angeles County Department of Children and Family ServicesFY2024$10,000
Foster NationFY2022$6,200
Foster NationFY2021$390,890
Foster NationFY2021$150,000
Foster NationFY2021$112,270
IfosterCA · FY2021$35,000
Fostering UnityCA · FY2021$10,000
Ifoster INCCA · FY2020$69,500
La County Department of Children and Family ServicesFY2020$15,000

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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)$12K revenue · ⤓ 990 PDF
FY2023$35K revenue · ⤓ 990 PDF
FY2022$35K revenue · ⤓ 990 PDF
FY2021$357K revenue · viewing · ⤓ 990 PDF
FY2020$1.1M 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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