Forster Foundation INC FY2020 filing

Tax-deductible

Boynton Beach, FL501(c)(3)Food & AgricultureEIN 61-1756830Revenue $159K in FY2020

On file with the IRSforsterfoundation.com12392 Whistler Way, 33473-5073 · Boynton Beach, FLTax-exempt since Apr 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation supports other charitable organizations that have the mission of assisting those in need of nutrition and medical aids such as wheel chairs and other devices for the disabled. The Foundation promotes its operations as the miracle mission

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$12K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $91K a year · 86% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
Spent
$212K
To programs
84%
Net assets
$518K
By yearFY2020–FY2025
Revenue
$159K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$159K
FY2021$91K
FY2022$322K
FY2023$18K
FY2024$37K
FY2025$5K
Expenses
$212K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$336K
FY2022$290K
FY2023$119K
FY2024$101K
FY2025$119K
Net assets
$518K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$518K
FY2021$271K
FY2022$265K
FY2023$207K
FY2024$137K
FY2025$23K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $178K Management & general 16% · $34K

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

1 person listed on the 990; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation
$12,300Pt VII · Sec A

William a Forster’s $12K as CEO is at the 43rd percentile of top reported officer pay among 134 <$100K food & agriculture 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.

See Forster Foundation INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides nutrition and medical aids like wheelchairs to those in need.

Provided by the organization

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1 program · $178K · in their own filed words · FY2020
01

The foundation supports other charitable organizations that have the mission of assisting those in need of nutrition and medical aids such as wheel chairs and other devices for the disabled. The foundation promotes its operations as the miracle mission

$178Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $156K · 2021–2024
Caridad Center INCFL · FY2024$66,065
Temple Beth AmFY2024$10,000
Baptist Regional HospitalFY2021$80,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$153K
Investment incomeLn 3$6K
Money outPt IX
$212K
Ln 25
Programscol B$178K
Managementcol C$34K
Owns and owesPt X
$518K
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$518K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$153K
Investment incomeLn 3$6K
Gains on assetsLn 7−$7K
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$88K
Cash and savings togetherLn 1–2$88K
InvestmentsLn 11–13$423K
Total assetsLn 16$518K
LiabilitiesLn 26$0
Net assetsLn 32$518K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$37K$88K
InvestmentsLn 11–13$514K$423K
Total assetsLn 16$550K$518K
LiabilitiesLn 26$0$0
Net assetsLn 32$550K$518K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$178K$178K
Pay of current officers, directors and key staffLn 5$12K$12K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$14K$14K
Legal feesLn 11b$150$150
Accounting feesLn 11c$200$200
Investment management feesLn 11f$3K$3K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$3K
Total functional expensesLn 25$212K$178K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5K$119K−$113K$23K 990 PDF
FY2024 $37K$101K−$64K$137K 990 PDF
FY2023 $18K$119K−$102K$207K 990 PDF
FY2022 $322K$290K$32K$265K 990 PDF
FY2021 $91K$336K−$245K$271K 990 PDF
FY2020 Viewing $159K$212K−$53K$518K 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 FY2020 990 (6 parts)
Part I · Summary $159,085 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $620,239$153,037
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,293$6,048
I-11 Other revenue$0
I-12 Total revenuePrior year $621,532$159,085
I-13 Grants and similar amounts paidPrior year $99,124$177,723
I-14 Benefits paid to members$0
I-15 Salaries and benefits$13,430
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $34,523$21,001
I-18 Total expensesPrior year $133,647$212,154
I-19 Revenue less expensesPrior year $487,885−$53,069
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $159,085 across 5 lines filed
VIII-1f All other contributions, gifts and grants$153,037
VIII-1h Total contributions, gifts and grants$153,037
VIII-3 Investment incomeRelated to mission $13,028$13,028
VIII-7 Net gain or loss on sales of assetsRelated to mission −$6,980−$6,980
VIII-12 Total revenueRelated to mission $6,048 · Unrelated business $0 · Excluded from tax $0$159,085
Part IX · Statement of functional expenses $212,154 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $177,723$177,723
IX-5 Pay of current officers, directors and key staffManagement $12,300$12,300
IX-10 Payroll taxesManagement $1,130$1,130
IX-11a Management feesManagement $14,000$14,000
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $200$200
IX-11f Investment management feesManagement $2,768$2,768
IX-12 Advertising and promotionManagement $1,254$1,254
IX-13 Office expensesManagement $2,629$2,629
IX-25 Total functional expensesPrograms $177,723 · Management $34,431 · Fundraising $0$212,154
Part X · Balance sheet $517,783 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $36,681$88,262
X-9 Prepaid expenses and deferred charges$6,070
X-11 Publicly traded securitiesStart of year $513,611$423,451
X-16 Total assetsStart of year $550,292$517,783
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $550,292$517,783
X-33 Total liabilities and net assetsStart of year $550,292$517,783
Part XI · Reconciliation of net assets $517,783 net assets at year end
XI-1 Total revenue$159,085
XI-2 Total expenses$212,154
XI-3 Revenue less expenses−$53,069
XI-4 Net assets at start of year$550,292
XI-5 Net unrealized gains (losses) on investments$20,560
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$517,783

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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