Fosteralife
Nonprofit profile at a glance
- EIN
- 201336607
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- Lubbock, TX, USA
- Phone
- 8067923181
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Family Services
Reported finances
- Revenue
- $97,055
- Expenses
- $101,534
- Assets
- $122,878
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- DR SHAUN H KEEL (PRESIDENT)
People named in this filing
- DR SHAUN H KEEL (PRESIDENT)
- KATIE SALTER (BOARD MEMBER)
- BRENDA SHUPE (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of fosteralife is to provide otherwise unavailable assistance, services and opportunities to children who have been placed in foster care. The purpose is to provide services that support children who are currently receiving services or have received services previously from the state of Texas - department of family and protective services.
What it reported doing in 2024
The organization utilized funds in order to obtain items, provide special outings, and provide special services for children who are in the custody of the state of Texas.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 68% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 82
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.9%; rating input score 91
- Program expense ratio: 86.9%; rating input score 87
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.6%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 1.21; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 17% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 11.7% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 90.9% of revenue deployed · 86.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $88K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Sustainability: Operating margin scored 37/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.