Fostering Success and Significance
Nonprofit profile at a glance
- EIN
- 923190920
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- El Dorado Hills, CA, USA
- Phone
- 9168131229
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $145,840
- Expenses
- $178,128
- Assets
- $73,536
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Douglas Barnett (President)
People named in this filing
- Douglas Barnett (President)
- David Woody (Secretary)
- Steven Olds (Treasurer)
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
Mentoring and providing scholarships and literacy training for aged-out foster youth attending college.
What it reported doing in 2024
Fostering Success & Significance (FSS) provides critically important resources to support former foster youth and disadvantaged students attending college. We encourage, counsel and assist our students with the goal of earning a degree and transitioning into the workforce and adulthood.Less than 3% of foster youth entering college graduate with a degree. Over the past 15 years, over 80% of FSS's college students have graduated from college. During 2024, 35 college students participated in FSS programs offering financial scholarships; adult mentoring; mental health counseling and workshops focusing on interviewing skills; career planning; personal growth; financial literacy and internships and job placement. We believe success is more than a college degree and secure employment. We believe significance includes a lifetime full of meaningful relationships and being a leader in your workplace, community and family.Prior to its 2023 inception as a charitable tax-exempt organization, Fostering Success & Significance was a donor advised fund at the El Dorado Community Foundation located in Placerville, California.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% 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 revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 100
- Sustainability: 20
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.3%; rating input score 93
- Program expense ratio: 76.4%; rating input score 76
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: -22.1%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 58.7% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: -29.3% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -36% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 93.3% of revenue deployed · 76.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $136K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 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.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Growth: Asset growth scored 0/100.