Foster Angels of Central Texas Foundation

What it reported doing in 2024

Foster angels of central Texas foundation programs aim to improve the lives of children in foster care in central Texas. The foundation provides immediate assistance to foster children in the form of basic needs and life enhancing experiences in order to expose them to positive influences, activities and experiences that help them to flourish and reach their full potential. The foundation only has one program, which focuses on the following impact areas: education - includes college related expenses, tutoring, ged/sat testing, books computers, backpacks, school supplies and drivers education classes. Food - support for meals and grocery assistance housing/shelter - provide beds, mattresses, bedding, cribs, and household items clothing/personal care - assist with new clothes, school uniforms, shoes, undergarments, diapers and personal hygiene items therapeutic services - provide for counseling and therapy transportation - provide car seats, strollers, bus passes, gas cards, and car assistance recreation - provide camps, team sports, music/art/dance lessons and after school activities and clubs special occasion - help celebrate adoptions, holidays, birthdays, prom, graduation and other occasions thrive - social and financial support to young people preparing to transition out of foster care, and those who have aged out, to help ensure that they have what they need to live successful lives as adults

Financial Efficiency

• Mission deployment rate: 76.8%; rating input score 77
• Program expense ratio: 88.6%; rating input score 89
• Fundraising efficiency: $16.85 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.4%; rating input score 67; 67th percentile among comparable filings
• Total-asset coverage ratio: 0.61; rating input score 28; 28th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
• Officer compensation ratio: 12.4%; rating input score 30; 30th percentile among comparable filings

Growth

• Program expense growth: 12.6% per year; rating input score 100; 70th percentile among comparable filings
• Revenue growth: 13.1% per year; rating input score 100; 74th percentile among comparable filings
• Asset growth: 12.1% per year; rating input score 100; 65th percentile among comparable filings