NonprofitsFoster Success Inc

Human Services

Foster Success Inc

INDIANAPOLIS, IN

Total revenue

$5.3M

Total expenses

$4.9M

Net assets

$6.8M

Grants received

$6.8M

40 grants

EIN

455056874

Tax year

2023

Mission

Foster youth support - see part iii line 1 for mission statement.

Programs

3 programs

Financial empowerment: financial empowerment is the key to financial literacy and self-sufficiency. Program participants gain skills and knowledge to save money, spend wisely, and build credit and assets. They also can receive funds to match their own savings to assist them in purchasing vehicles, paying for housing, or covering other significant expenses.

Expenses: $323K

Educational success: educational success looks different for each person. Through a comprehensive series of educational support programs, participants can access support to navigate their journey from high school to college and through the various challenges that come along with each step.

Expenses: $2.9MGrants: $2.5M

Workforce readiness. Workforce readiness means ensuring that our young people have clear and supportive paths to good and promising jobs. Unemployment is a significant problem for those who have experienced foster care. Just 51% of current or former foster youth report being employed at age 21, compared to 61% of their non-foster care peers.health & well-being. We know that the health and well-being of a young person is not simply dependent on the choices they make. There are complex conditions, like where they live, work, learn, and play, that affect them, too. We strive to make sure every young person can meet their most basic needs. We provide 1:1 referrals and real connections to community resources including: documentation, housing, financial support, food, hygiene items, transportation, medical & health needs, and self-advocacy.

Expenses: $677K

Financials

FY 2023

Revenue

Contributions & grants$5.0M
Program service revenue
Investment income$314K
Other revenue
Total revenue$5.3M

Expenses

Grants paid$2.5M
Salaries & benefits$1.6M
Fundraising$209K
Other expenses$763K
Total expenses$4.9M
Total assets$8.6M
Net assets$6.8M

People

15 listed

NameRoleCompensation

MAGGIE STEVENS PHD

CEO/PRESIDENT

Board

$126K

40 hrs/wk

TRAVIS TESTER MA CFRE

CHIEF DEVELOPMENT/COMMUNICATIONS OFFICER

Board

$105K

40 hrs/wk

MONIKA MALA PHD

CHIEF OPERATIONS OFFICER

Board

$100K

40 hrs/wk

MEGAN SAVAGE

SECRETARY

Board

1 hrs/wk

JOHN TOTTEN

VICE CHAIR

Board

1 hrs/wk

KATIE JACKSON

BOARD MEMBER

Board

1 hrs/wk

CAROLINE HOY

BOARD MEMBER

Board

1 hrs/wk

MARIE CAMERON

TREASURER

Board

1 hrs/wk

MORGAN RUMPLE-WHITING

BOARD MEMBER

Board

1 hrs/wk

MIKE BRADY

BOARD MEMBER

Board

1 hrs/wk

SHONTRAI IRVING

BOARD MEMBER

Board

1 hrs/wk

AMBER WILLIAMS

BOARD MEMBER

Board

1 hrs/wk

BARATH RAMAN

BOARD MEMBER

Board

1 hrs/wk

KATE HUSSEY

BOARD CHAIR

Board

1 hrs/wk

DANNY KIBBLE

PAST BOARD CHAIR

Board

1 hrs/wk

Grants received

Showing 40 of 40

FromAmountPurposeYear
$125K
Program and/or operating support
2024
$75K
Foster Success Expansion and Growth
2024
$50K
EDUCATION FOR KIDS
2024
$32K
TO SUPPORT CHILD ADVOCACY WORK
2024
$20K
COMMUNITY SUPPORT
2024
$10K
Civic & Community
2024
$10K
GENERAL OPERATIONS
2024
$5K
GENERAL SUPPORT
2024
$3K
UNRESTRICTED
2024
$1K
PROGRAMS AND OPERATIONS
2024
$115K
FOR GENERAL OPERATING SUPPORT
2023
$65K
Program and/or Operating Support
2023
$50K
Basic Needs: Making the Lives of Older Foster Youth Equitable
2023
$50K
EDUCATION FOR KIDS
2023
$18K
For grant recipient's exempt purposes
2023
$10K
YOUTH DEVELOPMENT
2023
$6K
To support the Breaking Down Barriers event.
2023
$5K
GENERAL
2023
$5K
To support Foster Success's efforts to assist young adults transition our of foster care.
2023
$1K
UNRESTRICTED
2023
$500
General & Unrestricted
2023
$5M
ENDOWMENT, CAPACITY BUILDING & TECH
2022
$768K
ENHANCING OPPORTUNITY IN INDPLS INIT
2022
$115K
FOR GENERAL OPERATING SUPPORT
2022
$7K
For grant recipient's exempt purposes
2022
$2K
Program and/or Operating Support
2022
$50K
GENERAL DONATION TO THE OPERATING FUND
2021
$5K
GENERAL
2021
$104K
PROGRAM AND/OR OPERATING SUPPORT
2020
$10K
MATCHING GRANT TO SUPPORT OPERATIONAL FUNDS DURING THEIR HOLIDAYGIVING CAMPAIGN
2020
$10K
GRANT TO HELP ESTABLISH A COVID EMERGENCY FUND FOR IT'S FOSTER YOUTH
2020
$1K
GENERAL
2020
$8K
For grant recipient's exempt purposes
2018

Funded by

$6.8M from 21 funders · 40 grants · 2018–2024

Lilly Endowment Inc

$5.8M · 2 grants · 2022

United Way Of Central Indiana Inc

$359K · 7 grants · 2020–2024

Zotec Foundation Inc

$300K · 5 grants · 2020–2023

Harry Debes Family Foundation

$100K · 2 grants · 2023–2024

The Indianapolis Foundation Inc

$75K · 1 grant · 2024

Fidelity Investments Charitable Gift Fund

$33K · 3 grants · 2018–2023

Partnership For Americas Children

$32K · 1 grant · 2024

Details

EIN455056874
NTEE codeP30
Subsection03
Ruling date2012-10
Formed2012
Employees32
Volunteers80
FOSTER SUCCESS INC — Mission, Financials & Grants Received | Grantivo