FaithBridge Foster Care Inc
Nonprofit profile at a glance
- EIN
- 205162251
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Alpharetta, GA, USA
- Phone
- 6786907100
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Human Services
- Affiliation
- Christianity
Reported finances
- Revenue
- $11,268,893
- Expenses
- $10,841,837
- Assets
- $2,253,549
- Liabilities
- $465,412
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Bob Bruder-Mattson (President and CEO)
- Kelvin Stewart (Vice President of Finance)
- John Solberg (Vice President of Youth Opportunities)
Highest reported compensation
- David Deal (VP Marketing and Community Engagement): $223,472 total reported compensation
- Jessi Esterling (VP of Foster Care Ops): $190,440 total reported compensation
- John Solberg (Vice President of Youth Opportunities): $157,463 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
FaithBridge Foster Care exists to mobilize and equip families, and their local churches, to provide effective and sustainable foster care solutions to serve children and restore families in their communities.
What it reported doing in 2024
Adoption and Child Life History: Each year, approximately 1,600 children in Georgia's foster care system need families who will adopt them. FaithBridge works to find adoptive homes for these children - specifically teens, sibling groups of three or more, and children with special needs. FaithBridge also works with the State of Georgia to provide Child Life Histories (compilations of official documents such as birth certificates and medical histories, and historical information like birth family details and school records) for children who are eligible for adoption, ensuring that they have all of their required documents to be adopted. In 2024, FaithBridge matched three families with children waiting in the foster care system to be adopted, resulting in two children finding their forever homes. Additionally, FaithBridge completed 576 Child Life Histories, making adoption possible for each child.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 80% for direct work, and 20% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 75
- Accountability: 84
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.9%; rating input score 88
- Program expense ratio: 91.3%; rating input score 91
- Fundraising efficiency: $13.16 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.8%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 11.2% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 10.7% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 87.9% of revenue deployed · 91.3% of spending went to programs
- Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $9.9M in reported program spending
- Leadership: top reported pay $223K · 10 people listed · 0 of 6 pay-setting controls reported
- Consistency: 36 of 36 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.