Forgotten Initiative INC EIN 83-0956002 Form 990 (PDF) Claim this org

Forgotten Initiative INC

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Supports foster families with awareness, encouragement, and advocacy. For fiscal year 2024 it reported $1.1M in revenue, $959K in expenses, and $830K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Bloomington, IL
Website
theforgotteninitiative.org
Filings
3 on file (2022–2024)
Revenue
$1.1MFY2024
Expenses
$959K
Net assets
$830K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  83-0956002 Public charity (501(c)(3)) Bloomington, IL
Form 990 (PDF)
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Size
$1–10M
What they do
Supports foster families with awareness, encouragement, and advocacy.
Leadership
Jami Kaeb · Executive Director · $52K
Money in and out
$1.1M revenue, $959K expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$959K
Pt IX · Ln 25
Net assets
$830K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $163K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.16 Fundraising $0.13
Program efficiency
72%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
8.2mo
months of highly liquid reserves at operating expense rate▲ +34% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▼ -37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▼ -2%
Expenses
$959K
FY2024▲ +9%
Total assets
$845K
FY2024▲ +26%
Total liabilities
$15K
FY2024▲ +201%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$959K
Pt IX · Ln 25
Net assets
$830K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$163K
Total assetsPt X · Ln 16$845K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForgotten Initiative INC
EINHdr · item D83-0956002
Principal addressHdr · item CBloomington, IL
WebsiteHdr · item Jtheforgotteninitiative.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P31)
Ruling yearIRS BMFJul 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$52,285Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jami Kaeb’s $52K as Executive Director is at the 5th percentile of top reported officer pay among 3864 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Jami Kaeb$52,285
Jami Kaeb$50,765$50,000

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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Mission & Programs · Part III

Where the work happens

1 program service account for $687K of program spending, described in the organization's own filed words · FY2024.
01

Trained 11 new ministry leaders Provided ongoing monthly coaching, resources and community support to 62 Advocates throughout 2024 to serve 84 agencies and their 3,270 workers, impacting 14,613 children and their families Launched 2 national church resources a podcast focusing on practicing justice and compassion which saw 7,575 unique…

$687Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.1M
Program service revenue$200
Investment income$101
Other revenue$612
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.16 Fundraising $0.13
Program services72%$687K
Management & general16%$151K
Fundraising13%$121K
Total functional expensesLn 25$959K

Balance Sheet

Part X · end of year
CashLn 1$653K
Total assetsLn 16$845K
Total liabilitiesLn 26$15K
Total net assetsLn 32$830K
Months of cash on handcomputed8.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $653K · Operating expenses/yr $959K
8.2 months
Where the money goes
Program services
Program services $687K · Total expenses $959K
72%
Management & General
Management & general $151K · Total expenses $959K
16%
Fundraising
Fundraising $121K · Total expenses $959K
13%
Cost to raise $1
Fundraising expense (3-yr avg) $71K · Solicited contributions (3-yr avg) $1.1M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.1M
100%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $200 · Total revenue $1.1M
0.02%
Investment reliance
Investment income $101 · Total revenue $1.1M
<0.01%
Program self-sufficiency
Program service revenue $200 · Total expenses $959K
0.02%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.1M
-2%
Net-asset trend (YoY)
End of year $830K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $959K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $845K
Net-asset ratio
Net assets $830K · Total assets $845K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $845K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jami Kaeb · Reported title Executive Director · Highest reported compensation $52K · Total expenses $959K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $521K · Total expenses $959K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 16%
Fundraising cost ratio 11%
Revenue growth -2%
Investment management fee ratio 0%
Legal fee ratio 0.03%
Accounting fee ratio 1%

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 · FY2024
See all 7 funders →
Grants paid · 2 grants · $218K · 2022–2023
Unitemized GrantFY2023$208,864
Isaiah 117 HouseTN · FY2022$8,978

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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)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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