Civic Intelligence

Fostering Hope Foundation

990 • Fiscal year 2015 • EIN 26-1991807

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileFOSTERINGHOPEFOUNDATION.ORG
3055 Sunnybrook LaneColorado Springs, CO 80904

(719) 635-6756

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

55th percentile

5.3%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

66th percentile

13%

Faster asset growth than 66% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$169,199

Up $19,625 (+13%) from 2014

Net Assets

Up

$162,265

Up $20,911 (+15%) from 2014

Liabilities

Down

$6,934

Down $1,286 (-16%) from 2014

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin55th percentile

Revenue

Up

$394,613

Up $95,663 (+32%) from 2014

Expenses

Up

$373,702

Up $105,008 (+39%) from 2014

Net Income

Down

$20,911

Down $9,345 (-31%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $74,332Liabilities 2011: $0Net Assets 2011: $74,3322011Assets 2012: $128,273Liabilities 2012: $0Net Assets 2012: $128,2732012Assets 2013: $116,436Liabilities 2013: $5,284Net Assets 2013: $111,1522013Assets 2014: $149,574Liabilities 2014: $8,220Net Assets 2014: $141,3542014Assets 2015: $169,199Liabilities 2015: $6,934Net Assets 2015: $162,2652015Assets 2016: $308,077Liabilities 2016: $6,190Net Assets 2016: $301,8872016Assets 2017: $435,214Liabilities 2017: $58,826Net Assets 2017: $376,3882017Assets 2018: $596,256Liabilities 2018: $174,688Net Assets 2018: $421,5682018Assets 2019: $721,019Liabilities 2019: $9,188Net Assets 2019: $711,8312019Assets 2020: $990,084Liabilities 2020: $90,085Net Assets 2020: $899,9992020Assets 2021: $1,055,732Liabilities 2021: $18,933Net Assets 2021: $1,036,7992021Assets 2022: $1,106,173Liabilities 2022: $21,283Net Assets 2022: $1,084,8902022Assets 2023: $1,439,336Liabilities 2023: $29,642Net Assets 2023: $1,409,6942023Assets 2024: $1,794,801Liabilities 2024: $38,322Net Assets 2024: $1,756,4792024

Highlighted filing

2015

Assets$169,199
Liabilities$6,934
Net Assets$162,265
Open 2015 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $158,9662011Expenses 2012: $201,0032012Revenue 2013: $198,150Expenses 2013: $215,271Net Income 2013: -$17,1212013Revenue 2014: $298,950Expenses 2014: $268,694Net Income 2014: $30,2562014Revenue 2015: $394,613Expenses 2015: $373,702Net Income 2015: $20,9112015Revenue 2016: $464,180Expenses 2016: $324,558Net Income 2016: $139,6222016Revenue 2017: $450,765Expenses 2017: $376,264Net Income 2017: $74,5012017Revenue 2018: $469,090Expenses 2018: $423,910Net Income 2018: $45,1802018Revenue 2019: $676,751Expenses 2019: $552,988Net Income 2019: $123,7632019Revenue 2020: $805,929Expenses 2020: $617,761Net Income 2020: $188,1682020Revenue 2021: $976,195Expenses 2021: $839,395Net Income 2021: $136,8002021Revenue 2022: $886,679Expenses 2022: $838,588Net Income 2022: $48,0912022Revenue 2023: $1,252,836Expenses 2023: $928,032Net Income 2023: $324,8042023Revenue 2024: $1,433,930Expenses 2024: $1,087,145Net Income 2024: $346,7852024

Highlighted filing

2015

Revenue$394,613
Expenses$373,702
Net Income$20,911
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.0
Gross Receipts
$394,613
Mission and Program Overview

Mission

To provide assistance to foster families by organizing church based support teams.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$126,324$169,199▲ $42,875
Pledges and Grants Receivable$23,250$0▼ $23,250
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$149,574$169,199▲ $19,625
Other Assets Total-$0-
Liabilities
Other Liabilities$7,729$6,934▼ $795
Accounts Payable and Accrued Expenses$491--
Total Liabilities$8,220$6,934▼ $1,286
Net Assets / Fund Balance
Unrestricted Net Assets$34,284$68,528▲ $34,244
Temporarily Rstr Net Assets$107,070$64,875▼ $42,195
Permanently Rstr Net Assets-$28,862-
Total Net Assets Fund Balance$141,354$162,265▲ $20,911
Total Liabilities and Net Assets / Fund Balance$149,574$169,199▲ $19,625
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Angela Colarelli CarronDirector
Chris BeattyDirector
DANIEL P O'CONNORDirector
David CarronDirector
GINA COLARELLI O'CONNORDirector
Janet ColarelliDirector
Karen ColarelliDirector
Katy Colarelli BeattyDirector
Nick Colarelli IiiDirector
PATRICK O'CONNORDirector
Vincent ColarelliDirector
Margaret a ColarelliV.p. & Director
Nick J ColarelliPres. & Direct.
Revenue and Support

Revenue Composition

Contributions and Grants
$394,483
Program Service Revenue
$0
Investment Income
$130
Other Revenue
$0
All Other Contributions
$394,483
Change in Net Assets
$20,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$257,839
Other Expenses$115,863
Total Fundraising Expense$92,216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$165,296$9,306$63,167$237,769
Payroll Taxes$14,112$908$5,050$20,070
Office Expenses$17,149$484$479$18,112
Fees for Services Other--$10,250$10,250
All Other Expenses$1,869$2,553$3,977$8,399
Travel$8,332--$8,332
Fees for Services Accounting-$7,099-$7,099
Insurance$1,936$4,803-$6,739
Advertising--$5,532$5,532
Other Expenses$3,456-$600$3,456
Information Technology--$2,769$2,769
Occupancy$1,340-$392$1,732
Total Functional Expenses$256,333$25,153$92,216$373,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$6,934
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Following are the relationships among the members of the board. All are members, by blood or by marriage, of the colarelli family:nick and margaret colarelli, spouses, and parents ofgina colarelli o'connor (spouse:patrick o'connor,son:daniel o'connor)angela colarelli carron (spouse:david carron)nick colarelli iii (spouse:karen colarelli)vincent colarelli (spouse:janet colarelli)katy colarelli beatty (spouse:christopher beatty)”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is prepared and reviewed by patrick o'connor, cpa, esq., who is one of the members of the board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The foundation makes its governing documents, conflict of interest policy and financial statements available to the public when requested. The information is mailed to the person requesting it.”

Filing and Contact Details

Filer

Filer Name
Fostering Hope Foundation
EIN
26-1991807
Address
3055 SUNNYBROOK LANE, COLORADO SPRINGS, CO 80904

Signing Officer

Name
Nick J Colarelli
Title
Pres. & Direct.
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
0
Employees
6
Volunteers
201

Preparer

Firm
Patrick OConnor CPA JD
Address
23 Alpine Drive, Latham, NY 12110
Preparer
Patrick O'Connor
Phone
5187861940
Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3PATRICK O'CONNOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRES. & DIRECT.
IRS990/Form990PartVIISectionAGrp/TitleTxt1V.P. & DIRECTOR
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IRS990/OfficeExpensesGrp/TotalAmt018112
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt05050
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0908
IRS990/PayrollTaxesGrp/ProgramServicesAmt014112
IRS990/PayrollTaxesGrp/TotalAmt020070
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/ProgSrvcAccomActy2Grp/Desc0FOSTERING HOPE FOUNDATION HAS BEEN WORKING IN CONJUNCTION WITH SET MINISTRY, INC, A COMMUNITY BASED HEALTH AND HUMAN SERVICES AGENCY IN MILWAUKEE, WISCONSIN TO IMPLEMENT CHURCH BASED SUPPORT TEAMS FOR FOSTER FAMILIES. $0 WAS PAID TO SET MINISTRY, INC IN 2015.
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IRS990/RelatedEntityInd0true
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0298794
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0196418
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOLLOWING ARE THE RELATIONSHIPS AMONG THE MEMBERS OF THE BOARD. ALL ARE MEMBERS, BY BLOOD OR BY MARRIAGE, OF THE COLARELLI FAMILY:NICK AND MARGARET COLARELLI, SPOUSES, AND PARENTS OFGINA COLARELLI O'CONNOR (SPOUSE:PATRICK O'CONNOR,SON:DANIEL O'CONNOR)ANGELA COLARELLI CARRON (SPOUSE:DAVID CARRON)NICK COLARELLI III (SPOUSE:KAREN COLARELLI)VINCENT COLARELLI (SPOUSE:JANET COLARELLI)KATY COLARELLI BEATTY (SPOUSE:CHRISTOPHER BEATTY)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED AND REVIEWED BY PATRICK O'CONNOR, CPA, ESQ., WHO IS ONE OF THE MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC WHEN REQUESTED. THE INFORMATION IS MAILED TO THE PERSON REQUESTING IT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COLARELLI FAMILY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0431823556
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$169,199
Liabilities
$6,934
Net assets
$162,265
Revenue
$394,613
Expenses
$373,702
Net income
$20,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.79$0.04$1.76$1.43$1.09$0.35
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.03$1.41$1.25$0.93$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.11$0.02$1.08$0.89$0.84$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.02$1.04$0.98$0.84$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.09$0.90$0.81$0.62$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.72$0.01$0.71$0.68$0.55$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.60$0.17$0.42$0.47$0.42$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.06$0.38$0.45$0.38$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.01$0.30$0.46$0.32$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.16$0.39$0.37$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.30$0.27$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.11$0.20$0.22$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.16