Fostering Hope in Michigan
Nonprofit profile at a glance
- EIN
- 273743523
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2012
- Location
- Midland, MI, USA
- Phone
- 9894920030
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $81,159
- Expenses
- $109,482
- Assets
- $115,029
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- RICHARD SHULL (EXECUTIVE DI)
- BARBARA SHULL (CO-EXECUTIVE)
- NORBORNE A GIBLIN JR (BOARD CHAIR)
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
Fostering hope in Michigan provides programs designed to transform lives and communities by interrupting cycles of neglect, abuse, and abandonment of those who have been in the foster care system.
What it reported doing in 2024
Completed 2 school year long mentoring programs for elementary children and teens/young adults who have attended previous years' summer camps. There were 36 kids in the elementary aged mentoring program and 37 teens/young adults. Monthly meetings built comradery and character along with 4 hour/month mentoring. 106 volunteers participated.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
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: 96
- Transparency & Controls: 100
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.6%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -34.9%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 48; 48th 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: 10.7% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 50th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 88.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $97K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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.
- High — Sustainability: Operating margin scored 17/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.