Foster a Dream Inc
Nonprofit profile at a glance
- EIN
- 542064728
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Martinez, CA, USA
- Phone
- 7077456511
- Rating confidence
- Limited
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- CHRISTIE HOLDEREGGER (CEO)
Highest reported compensation
- CHRISTIE HOLDEREGGER (CEO): $307,941 total reported compensation
- JENNIFER NOBILING (CFO): $113,348 total reported compensation
- JOEL RUSCO LEFT 32024 (CFO): $74,469 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide programs and resources that build the hopes, dreams and futures of bay area foster children; and be a guiding source for successful transition into the adult world. Our goal is to invest in helping foster children become productive citizens, sustain sufficiency by helping them identify their dreams and see that they go from fantasy to reality.
What it reported doing in 2024
The foster a dream program was founded with the vision to build the hopes, dreams, and futures of foster children and be a guiding source for a successful transition into the adult world. The program originally opened its doors in july 2002, with the goal of providing resources to build the hopes, dreams and futures of bay area foster youth, helping them successfully transition into the adult world. The foster a dream program provides foster youth with mentors, life-skills education, college scholarships, and a variety of supportive services. Combined, we empower foster youth to pursue their educational and employment dreams that may have been out of reach or forgotten.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 51
- Accountability: 73
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 66.7%; rating input score 67; 0th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 92.9%; rating input score 93; 28th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -38.4% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -40.8% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -43% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 13 of 14 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $308K · 16 people listed · 2 of 6 pay-setting controls reported
- Consistency: 7 of 9 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.