Foster Squad EIN 84-3579239 Form 990 (PDF) Claim this org

Foster Squad

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Supports Iowa foster families with resources for vulnerable children. For fiscal year 2025 it reported $280K in revenue, $212K in expenses, and $126K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Ankeny, IA
Website
www.fostersquad.org
Filings
2 on file (2024–2025)
Revenue
$280KFY2025
Expenses
$212K
Net assets
$126K
People
11
Filings
2
Updates
0
More identity details & actions ⌄
EIN  84-3579239 Public charity (501(c)(3)) Ankeny, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports Iowa foster families with resources for vulnerable children.
Leadership
Traci Schermerhorn · Executive Director
Money in and out
$280K revenue, $212K expenses
Bottom line
90% program efficiency
Where the money goes · FY2025
Total revenue
$280K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$126K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $68K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
7.8mo
months of highly liquid reserves at operating expense rate▲ +15% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +23% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$280K
FY2025▲ +84%
Expenses
$212K
FY2025▲ +74%
Total assets
$137K
FY2025▲ +97%
Total liabilities
$11K
FY2025
Total revenue
$280K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$126K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$68K
Total assetsPt X · Ln 16$137K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoster Squad
EINHdr · item D84-3579239
Principal addressHdr · item CAnkeny, IA
WebsiteHdr · item Jwww.fostersquad.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P01)
Ruling yearIRS BMFDec 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $191K of program spending, described in the organization's own filed words · FY2025.
01

Provides helpful resources that will help foster parents during their foster care journey.

$191Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$280K
Total revenueLn 12$280K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$191K
Management & general10%$21K
Total functional expensesLn 25$212K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$137K
Total liabilitiesLn 26$11K
Total net assetsLn 32$126K
Months of cash on handcomputed7.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $137K · Operating expenses/yr $212K
7.8 months
Where the money goes
Program services
Program services $191K · Total expenses $212K
90%
Management & General
Management & general $21K · Total expenses $212K
10%
Fundraising
Fundraising $0 · Total expenses $212K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $216K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $280K · Total revenue $280K
100%
Government reliance
Government grants — · Total revenue $280K
Earned-income share
Program service revenue $0 · Total revenue $280K
0%
Investment reliance
Investment income $0 · Total revenue $280K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $212K
0%
Growth & trend
Revenue growth (YoY)
This year $280K · Prior year $152K
+84%
Net-asset trend (YoY)
End of year $126K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $280K · Expenses $212K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $137K
Net-asset ratio
Net assets $126K · Total assets $137K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $137K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Traci Schermerhorn · Reported title Executive Director · Highest reported compensation $0 · Total expenses $212K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $212K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 84%
Legal fee ratio <0.01%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

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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
FY2025 (Latest)$280K revenue · viewing · ⤓ 990 PDF
FY2024$152K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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