Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1953.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
55 cents of each dollar spent went to programs.
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
7 people listed on the 990; $58K paid to officers and key staff.
Terrance Ford’s $86K as President is at the 76th percentile of top reported officer pay among 1613 $100K–1M education 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Terrance Ford | $86,044 | $87,023 | $69,643 | $58,109 | — | — |
| Martin E Hawkins | — | — | — | — | $13,591 | $9,409 |
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
Equips students to live, serve, and lead with Godly influence globally.
Questions for Foster College
Your first name shows with your question. Foster College answers here, for everyone.
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Our focus is to prepare individuals through rigorous academic instruction in truth of Holy Scripture, for more effective service in their home, church, community, and in the world. The desire is to produce graduates who are servant leaders in the ministry field regardless of denominationl affiliation and distinctively marked by SBIC's…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $85K | $635K |
| Land, buildings, equipmentLn 10c | $394K | $400K |
| Total assetsLn 16 | $1.2M | $1.8M |
| LiabilitiesLn 26 | $120K | $762K |
| Net assetsLn 32 | $1.1M | $998K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $315K | $161K | $65K | $90K |
| Accounting feesLn 11c | $19K | $19K | ||
| Advertising and promotionLn 12 | $31K | $18K | $12K | |
| Office expensesLn 13 | $41K | $13K | $24K | $4K |
| OccupancyLn 16 | $67K | $42K | $12K | $13K |
| InterestLn 20 | $14K | $8K | $3K | $3K |
| Depreciation, depletion and amortizationLn 22 | $60K | $31K | $14K | $14K |
| InsuranceLn 23 | $21K | $13K | $4K | $4K |
| Other expenses (24a–d)Ln 24 | $259K | $173K | $39K | $47K |
| All other expensesLn 24e | $24K | $13K | $10K | $292 |
| Total functional expensesLn 25 | $851K | $471K | $191K | $189K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $780K | $905K | −$125K | $212K | 990 PDF |
| FY2023 | $334K | $995K | −$661K | $337K | 990 PDF |
| FY2022 Viewing | $794K | $851K | −$57K | $998K | 990 PDF |
| FY2021 | $1.4M | $703K | $724K | $1.1M | 990 PDF |
| FY2020 | $661K | $751K | −$90K | $331K | 990 PDF |
| FY2019 | $598K | $863K | −$265K | $421K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $794,298 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $794,298 across 10 lines filed
Part IX · Statement of functional expenses $850,860 across 10 lines filed
Part X · Balance sheet $1,760,119 assets, 13 lines filed
Part XI · Reconciliation of net assets $997,997 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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