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Fostering Hope Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261991807 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

Overview

What is Fostering Hope Foundation?

Fostering Hope Foundation is a nonprofit organization situated in Colorado Springs, Colorado. With a team of 18 dedicated individuals, their primary mission is to offer aid to foster families. They achieve this goal by establishing church-based support teams. These teams provide essential assistance to foster families, offering them emotional and practical support during their challenging journey. The foundation operates directly, employing its own staff to carry out these initiatives.


Official website here: www.fosteringhopefoundation.org

Is Fostering Hope Foundation legitimate?

Fostering Hope Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostering Hope Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $12,880
Other Salaries and Wages: $560,991

For more financial information, click here


Official website here: www.fosteringhopefoundation.org

What is the mission statement of Fostering Hope Foundation?

The Fostering Hope Foundation's mission is centered around providing assistance to foster families. They achieve this by organizing support teams within church communities. The foundation's primary goal is to offer aid and resources to these families, fostering a sense of support and unity. Recently, the foundation has started employing staff directly to collaborate with faith-based organizations.


Official website here: www.fosteringhopefoundation.org

Who is the CEO of Fostering Hope Foundation?

Gina Colarelli O'Connor is the Trustee of Fostering Hope Foundation.


Official website here: www.fosteringhopefoundation.org

What is the revenue of Fostering Hope Foundation?

Fostering Hope Foundation's revenue in 2022 was $886,679.


Official website here: www.fosteringhopefoundation.org

Who are the executives of Fostering Hope Foundation and what are their salaries?

The average compensation at Fostering Hope Foundation during 2022 was $31,166. There are 18 employees and 250 volunteers at Fostering Hope Foundation.

Here are 36 key members and their salaries:

    Nick J Colarelli (Pres. & Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jill Bradley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gina Colarelli O'Connor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick O'Connor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angela Colarelli Carron (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Carron (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nick Colarelli Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Colarelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vincent Colarelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet Colarelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katy Colarelli Beatty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Beatty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel P O'Connor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Swan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Catania Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nichole Wallace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alecia Delorme (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Oesterle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Carroll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Presti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracey Engelhardt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harrison Hunter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trudy House (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Mccarty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Strub-Heer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Johannsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Luanne Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Salisbury-Werhane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tarah King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anna Marie Carron (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth O'Connor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Colarelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barb Lara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Vinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dick Bowles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fosteringhopefoundation.org

    Where can I find the form 990 for Fostering Hope Foundation?

    The Fostering Hope Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fosteringhopefoundation.org

    Learn more at the official website: www.fosteringhopefoundation.org

    Mission Statement of Fostering Hope Foundation

    Fostering Hope Foundation, a nonprofit organization, is dedicated to supporting foster families by establishing church-based support teams. Their mission is to provide assistance and resources to these families, aiming to alleviate some of the challenges they face. By organizing these support teams, Fostering Hope Foundation aims to create a network of caring individuals who can offer emotional, practical, and spiritual assistance to foster families. The organization's goal is to ensure that foster families feel supported and equipped to provide a nurturing environment for the children in their care. The team at Fostering Hope Foundation directly employs staff who work closely with these faith-based organizations.

    Impact

    This information is meant to be a general summary of Fostering Hope Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Fostering Hope Foundation has made a significant impact by providing assistance to foster families through the organization of church-based support teams. By directly employing staff to work with faith-based organizations, the foundation has been able to enhance its support services and reach more families in need. This impact is felt not only in Colorado Springs, where the foundation is based, but also in the wider community as they strive to improve the lives of foster families through their mission-driven approach.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $35,826
  • Program Service Revenue: $0
  • Gross Receipts: $886,679

    • Assets and Liabilities:
  • Total Assets: $1,106,173
  • Total Liabilities: $21,283
  • Net Assets: $1,084,890
  • Organization Details

    Founding Year

    2008

    Principal Officer

    Gina Colarelli O'Connor

    Main Address

    111 S TEJON STREET STE 112, COLORADO SPRINGS, CO, 80903

    NTEE Category

    Code: P32 - Human services

    If you are a representative of Fostering Hope Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.