FOSTERING GREAT IDEAS

EIN: 274622960 501(c)(3) Human Services

GREENVILLE, SC

Total Revenue
$934,367
Total Expenses
$823,129
Total Assets
$956,760
Net Assets
$939,936
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
SC
Principal Officer
DAVID WHITE
Phone
8645675216
Tax Period
2024-01-01 to 2024-12-31

FOSTERING GREAT IDEAS, founded in 2011, is a small nonprofit in the Human Services sector that reported $934K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $823K left a modest 12% surplus.

Mission

TO IMPROVE THE LIVES OF CHILDREN IN FOSTER CARE.

Program Service Accomplishments

Program 1
Expenses: $169,420

SIB-LINK: WHEN REMOVED FROM THEIR HOMES, SIBLINGS IN FOSTER CARE ARE OFTEN SEPARATED FROM EACH OTHER. SIBLING BONDS, ESPECIALLY IN THOSE KIDS WHO HAVE FACED TRAUMA, ARE SOME OF THE MOST IMPORTANT...

Read more

SIB-LINK: WHEN REMOVED FROM THEIR HOMES, SIBLINGS IN FOSTER CARE ARE OFTEN SEPARATED FROM EACH OTHER. SIBLING BONDS, ESPECIALLY IN THOSE KIDS WHO HAVE FACED TRAUMA, ARE SOME OF THE MOST IMPORTANT BONDS IN THEIR LIVES. SIB-LINK EXISTS TO KEEP THIS CONNECTION STRONG AND REDUCE FURTHER TRAUMA BY PROVIDING ADDITIONAL REGULAR VISITS FOR THESE CHILDREN.

Program 2
Expenses: $104,648

SPEAK UP: SPEAK UP IS A GROUP OF PASSIONATE VOLUNTEERS ADVOCATING TO IMPROVE FOSTER CARE POLICY. IN MANY WAYS, SPEAK UP IS OUR POLICY ARM MADE OF REGULAR CITIZENS HIGHLIGHTING COMMON SENSE SOLUTIONS...

Read more

SPEAK UP: SPEAK UP IS A GROUP OF PASSIONATE VOLUNTEERS ADVOCATING TO IMPROVE FOSTER CARE POLICY. IN MANY WAYS, SPEAK UP IS OUR POLICY ARM MADE OF REGULAR CITIZENS HIGHLIGHTING COMMON SENSE SOLUTIONS THAT CAN IMPROVE THE FOSTER CARE SYSTEM. THE GUIDING PRINCIPLES OF SPEAK UP: 1. THE MORE WE LISTEN TO CHILDREN AND YOUTH IN FOSTER CARE, THE BETTER THE SYSTEM OF CARE WILL BE. 2. CHILDREN'S VOICES NEED TO BE AMPLIFIED. WE SHOULD PROVIDE A PLATFORM FOR MORE DIALOGUE AND ACTION.THIS IS A GRASS-ROOTS EFFORT RELYING UPON MANY PEOPLE AND FOCUSING ON A FEW CONCEPTS EACH YEAR. IN ORDER TO REMAIN EFFECTIVE AND ON MISSION, WE WORK WITH SPEAK UP VOLUNTEERS TO HELP THEM COMMUNICATE AS A GROUP. WE ALSO ASK THOSE INVOLVED TO SPEND TIME GETTING TO KNOW OTHERS WHO WANT TO "SPEAK UP."

Program 3
Expenses: $221,711

ASPIRE: WHEN YOUTH AGE OUT OF FOSTER CARE, THERE ARE SIGNIFICANT CHALLENGES. THEY ARE OFTEN ON THEIR OWN, LACKING FAMILY SUPPORT FOR THEIR JOURNEY. MANY STUDENTS WORK TO SUPPORT THEMSELVES, AND IF...

Read more

ASPIRE: WHEN YOUTH AGE OUT OF FOSTER CARE, THERE ARE SIGNIFICANT CHALLENGES. THEY ARE OFTEN ON THEIR OWN, LACKING FAMILY SUPPORT FOR THEIR JOURNEY. MANY STUDENTS WORK TO SUPPORT THEMSELVES, AND IF THEY ATTEND COLLEGE, THEY ARE LIVING PAYCHECK TO PAYCHECK AND HAVE EXCESSIVE FINANCIAL PRESSURE. THE ADDED FINANCIAL STRESS TO MAINTAIN COLLEGE HOUSING CAN ADD SIGNIFICANT PRESSURE TO THESE YOUTH IN COLLEGE. MANY YOUTH WILL FALL BEHIND IN THEIR ACADEMICS AND LOSE HOPE WITHOUT A CARING AND CONSISTENT ADULT TO ENCOURAGE GOAL-SETTING AND PLANNING FOR NEXT STEPS AFTER HIGH SCHOOL. ASPIRE ENCOURAGES YOUTH TO GRADUATE FROM HIGH SCHOOL AND THEN ATTEND AND EXCEL IN COLLEGE BY PROVIDING ACCOUNTABILITY AND SUPPORT THROUGHOUT THEIR ACADEMIC EXPERIENCE. THROUGH CONSISTENT MEETINGS WITH OUR EDUCATION ADVOCATE AND PEER GATHERINGS FOCUSED ON TEAM-BUILDING, YOUTH BEGIN TO VISUALIZE A FUTURE FOR THEMSELVES. THEY GRADUATE FROM HIGH SCHOOL, APPLY TO COLLEGE PROGRAMS, AND FIND THEIR OWN PATHWAY TO SUCCESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $896,415
Program Service Revenue $5,800
Investment Income $42,962
Other Revenue $-10,810
TOTAL REVENUE $934,367

Expense Breakdown

Grants Paid $0
Salaries & Benefits $574,696
Fundraising Expenses $11,650
Program Expenses $751,107
Other Expenses $248,433
TOTAL EXPENSES $823,129

Year-over-Year Comparison

2024 2023 Change
Revenue $934,367 $808,472 +0.2%
Expenses $823,129 $576,094 +0.4%
Net Income $111,238 $232,378 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
15
Volunteers
130

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$63,372
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY SCHEIB CHAIR 4.00
Officer Director
$0 $0 $0
LONNIE DECKER DIRECTOR 3.00
Director
$0 $0 $0
AMY KARMILOVICH SECRETARY 3.00
Officer Director
$0 $0 $0
JOE TURNER DIRECTOR 3.00
Director
$0 $0 $0
SELDEN PEDEN JD DIRECTOR 3.00
Director
$0 $0 $0
PAM PRASHAD TREASURER 3.00
Officer Director
$0 $0 $0
DEJR BOSTICK VICE CHAIR 3.00
Officer Director
$0 $0 $0
JON LOPEZ DIRECTOR 3.00
Director
$0 $0 $0
DAVID WHITE CEO 50.00
Officer
$63,372 $0 $63,372
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $934,367 $823,129 $956,760 $111,238
2023 $808,472 $576,094 $841,080 $232,378
2022 $521,390 $499,194 $546,082 $22,196
2021 $524,540 $378,949 $554,601 $145,591
2020 $423,642 $376,356 $408,679 $47,286
2019 $329,083 $338,499 $362,668 $-9,416
2018 $336,068 $271,877 $367,191 $64,191
Explore More Nonprofits
Top 100 Nonprofits in South Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FOSTERING GREAT IDEAS with other nonprofits in South Carolina and across the country.