Forster Foundation INC FY2022 filing

Tax-deductible

Boynton Beach, FL501(c)(3)Food & AgricultureEIN 61-1756830Revenue $322K in FY2022

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
10% of total assets
Looks good: liabilities are 10% 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
$322K
+254% vs prior year
Spent
$290K
To programs
84%
Net assets
$265K
By yearFY2020–FY2025
Revenue
$322K
FY2022▲ +254%
Tap a bar for its year
Revenue by fiscal year
FY2020$159K
FY2021$91K
FY2022$322K
FY2023$18K
FY2024$37K
FY2025$5K
Expenses
$290K
FY2022▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$336K
FY2022$290K
FY2023$119K
FY2024$101K
FY2025$119K
Net assets
$265K
FY2022▼ -2%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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% · $244K Management & general 16% · $46K

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.

Part VII, Section A · reportable compensation
$0Pt 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.

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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 · $244K · in their own filed words · FY2022
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

$244Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$322K
Ln 12
Gifts and grantsLn 1h$320K
Investment incomeLn 3$2K
Money outPt IX
$290K
Ln 25
Programscol B$244K
Managementcol C$46K
Owns and owesPt X
$265K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$294K
LiabilitiesLn 26$29K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$320K
Investment incomeLn 3$2K
Total revenueLn 12$322K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
InvestmentsLn 11–13$214K
Total assetsLn 16$294K
LiabilitiesLn 26$29K
Net assetsLn 32$265K
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 FY22End FY22
Cash and savingsLn 1–2$35K$80K
InvestmentsLn 11–13$221K$214K
Total assetsLn 16$271K$294K
LiabilitiesLn 26$0$29K
Net assetsLn 32$271K$265K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$244K$244K
Investment management feesLn 11f$2K$2K
Office expensesLn 13$10K$10K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$290K$244K$46K$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 Viewing $322K$290K$32K$265K 990 PDF
FY2021 $91K$336K−$245K$271K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $322,201 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $86,997$320,075
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,940$2,126
I-11 Other revenue$0
I-12 Total revenuePrior year $90,937$322,201
I-13 Grants and similar amounts paidPrior year $295,251$243,599
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,901$46,270
I-18 Total expensesPrior year $336,152$289,869
I-19 Revenue less expensesPrior year −$245,215$32,332
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 $322,201 across 4 lines filed
VIII-1f All other contributions, gifts and grants$320,075
VIII-1h Total contributions, gifts and grants$320,075
VIII-3 Investment incomeRelated to mission $2,126$2,126
VIII-12 Total revenueRelated to mission $2,126 · Unrelated business $0 · Excluded from tax $0$322,201
Part IX · Statement of functional expenses $289,869 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $243,599$243,599
IX-11f Investment management feesManagement $2,118$2,118
IX-13 Office expensesManagement $10,077$10,077
IX-24 Other expenses (24a–d)Management $34,075$34,075
IX-25 Total functional expensesPrograms $243,599 · Management $46,270 · Fundraising $0$289,869
Part X · Balance sheet $294,486 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $35,396$80,357
X-11 Publicly traded securitiesStart of year $221,282$214,129
X-16 Total assetsStart of year $270,874$294,486
X-17 Accounts payable and accrued expenses$29,288
X-26 Total liabilitiesStart of year $0$29,288
X-32 Total net assets or fund balancesStart of year $270,874$265,198
X-33 Total liabilities and net assetsStart of year $270,874$294,486
Part XI · Reconciliation of net assets $265,198 net assets at year end
XI-1 Total revenue$322,201
XI-2 Total expenses$289,869
XI-3 Revenue less expenses$32,332
XI-4 Net assets at start of year$270,874
XI-5 Net unrealized gains (losses) on investments−$38,008
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$265,198

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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