Civic Intelligence

Forster Foundation Inc

EIN 61-1756830 • 501(c)3 • Boynton Beach, FL

Profile

The foundation has promoted its operations as the miracle mission. During 2022 the foundation initiated its shoe by shoe national program providing shoes and socks to needy children throughout florida; 38,000 pairs of shoes ans 50,000 pairs of socks were distributed

12392 Whistler WayBoynton Beach, FL 33473

forsterfoundation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

4th percentile

-570%

Higher net margin than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

25th percentile

-30%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-94%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$136,903

Down $70,061 (-34%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$136,903

Down $70,061 (-34%) from 2023

Revenue

Up

$37,481

Up $19,649 (+110%) from 2023

Expenses

Down

$101,207

Down $18,179 (-15%) from 2023

Net Income

Up

-$63,726

Up $37,828 (+37%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2015: $26,030Liabilities 2015: $83,6852015Assets 2016: $4,208Liabilities 2016: $63,2232016Assets 2017: $76,185Liabilities 2017: $0Net Assets 2017: $76,1852017Assets 2018: $56,416Liabilities 2018: $0Net Assets 2018: $56,4162018Assets 2019: $550,292Liabilities 2019: $0Net Assets 2019: $550,2922019Assets 2020: $517,783Liabilities 2020: $0Net Assets 2020: $517,7832020Assets 2021: $270,874Liabilities 2021: $0Net Assets 2021: $270,8742021Assets 2022: $294,486Liabilities 2022: $29,288Net Assets 2022: $265,1982022Assets 2023: $206,964Liabilities 2023: $0Net Assets 2023: $206,9642023Assets 2024: $136,903Liabilities 2024: $0Net Assets 2024: $136,9032024

Highlighted filing

2024

Assets$136,903
Liabilities$0
Net Assets$136,903

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $144,083Expenses 2015: $201,738Net Income 2015: -$57,6552015Revenue 2016: $13,771Expenses 2016: $15,131Net Income 2016: -$1,3602016Revenue 2017: $209,785Expenses 2017: $74,585Net Income 2017: $135,2002017Revenue 2018: $179,098Expenses 2018: $198,867Net Income 2018: -$19,7692018Revenue 2019: $621,532Expenses 2019: $133,647Net Income 2019: $487,8852019Revenue 2020: $159,085Expenses 2020: $212,154Net Income 2020: -$53,0692020Revenue 2021: $90,937Expenses 2021: $336,152Net Income 2021: -$245,2152021Revenue 2022: $322,201Expenses 2022: $289,869Net Income 2022: $32,3322022Revenue 2023: $17,832Expenses 2023: $119,386Net Income 2023: -$101,5542023Revenue 2024: $37,481Expenses 2024: $101,207Net Income 2024: -$63,7262024

Highlighted filing

2024

Revenue$37,481
Expenses$101,207
Net Income-$63,726

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 20, 2025
Return Version
2024v5.0
Gross Receipts
$37,481
Mission and Program Overview

Mission

The foundation promotes its operations as the miracle mission. During 2022 the foundation initiated its shoe by shoe national program providing shoes and socks to needy children throughout florida; 38,000 pairs of shoes ans 50,000 pairs of socks were distributed.

The foundation has promoted its operations as the miracle mission. During 2022 the foundation initiated its shoe by shoe national program providing shoes and socks to needy children throughout florida; 38,000 pairs of shoes ans 50,000 pairs of socks were distributed

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$206,964$136,903▼ $70,061
Investments in Publicly Traded Securities$183,259$108,069▼ $75,190
Cash and Non-Interest-Bearing Accounts$23,705$28,834▲ $5,129
Total Assets$206,964$136,903▼ $70,061
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$206,964$136,903▼ $70,061
Total Liabilities and Net Assets / Fund Balance$206,964$136,903▼ $70,061
Compensation and Service Providers

Board Members and Trustees

NameTitle
William a ForsterCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$31,337
Program Service Revenue
$0
Investment Income
$6,144
Other Revenue
$0
All Other Contributions
$31,337
Change in Net Assets
$-63,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$92,902
Other Expenses$8,305
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$92,902--$92,902
Office Expenses-$6,847-$6,847
Fees for Service Investment Mgmnt Fees-$1,458-$1,458
Total Functional Expenses$92,902$8,305$0$101,207
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Caridad CenterBoynton Beach, FL--$66,065
Temple Beth AmBoynton Beach, FL--$10,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

The foundation has five members of the forster family as managers of the organizations operations. William forster is the chief operating officer. His wife marcy, their daughters, erin forster, jamie falkin and brooke kochman are directors and assist mr. Forster in managerial decisions.

Form 990 governing body review Part VI line 11

The foundation has five members of the forster family as managers of the organizations operations. William forster is the chief operating officer. His wife marcy, their daughters, erin forster, jamie falkin and brooke kochman are directors and assist mr. Forster in managerial decisions.

CEO executive director top management comp Part VI line 15A

The foundation has five members of the forster family as managers of the organizations operations. William forster is the chief operating officer. His wife marcy, their daughters, erin forster, jamie falkin and brooke kochman are directors and assist mr. Forster in managerial decisions.

Other officer or key employee compensation Part VI line 15B

The foundation has five members of the forster family as managers of the organizations operations. William forster is the chief operating officer. His wife marcy, their daughters, erin forster, jamie falkin and brooke kochman are directors and assist mr. Forster in managerial decisions. Mr. William forster did not receive any w-2 compensation during 2022.

Governing documents etc available to public Part VI line 19

Minutes are maintained for all foundation board meetings and other corporate actions.

Filing and Contact Details

Filer

Filer Name
Forster Foundation Inc
EIN
61-1756830
In Care Of
% WILLIAM A FORSTER
Phone
5612513774
Address
12392 WHISTLER WAY, BOYNTON BEACH, FL 33473

Signing Officer

Name
William a Forster
Title
President
Phone
5612513774
Signed
2025-02-20
Discuss with paid preparer
No

Organization Details

Principal Officer
William a Forster
Formed
2015
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Edward Anchel CPA PA
Address
7566 Via Grande, Boynton Beach, FL 33437
Preparer
Edward Anchel CPA
Phone
3055827920
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

With the arrival of the covid pandemic, the foundation undertook four (4) new missions during 2020. (1)protective masks were distributed throughout south florida to charitable organizations and individuals. (2)plastic face shields were distributed throughout south florida to charitable organizations and individuals. (3)ipads and/or computers were distributed to migrant farworker families in south florida to assist children with remote education. (4)during 2022 the foundation initiated its shoe by shoe national program providing shoes and socks to needy children throughout florida; 38,000 pairs of shoes ans 50,000 pairs of socks were distributed.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS FIVE MEMBERS OF THE FORSTER FAMILY AS MANAGERS OF THE ORGANIZATIONS OPERATIONS. WILLIAM FORSTER IS THE CHIEF OPERATING OFFICER. HIS WIFE MARCY, THEIR DAUGHTERS, ERIN FORSTER, JAMIE FALKIN AND BROOKE KOCHMAN ARE DIRECTORS AND ASSIST MR. FORSTER IN MANAGERIAL DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS FIVE MEMBERS OF THE FORSTER FAMILY AS MANAGERS OF THE ORGANIZATIONS OPERATIONS. WILLIAM FORSTER IS THE CHIEF OPERATING OFFICER. HIS WIFE MARCY, THEIR DAUGHTERS, ERIN FORSTER, JAMIE FALKIN AND BROOKE KOCHMAN ARE DIRECTORS AND ASSIST MR. FORSTER IN MANAGERIAL DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS FIVE MEMBERS OF THE FORSTER FAMILY AS MANAGERS OF THE ORGANIZATIONS OPERATIONS. WILLIAM FORSTER IS THE CHIEF OPERATING OFFICER. HIS WIFE MARCY, THEIR DAUGHTERS, ERIN FORSTER, JAMIE FALKIN AND BROOKE KOCHMAN ARE DIRECTORS AND ASSIST MR. FORSTER IN MANAGERIAL DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION HAS FIVE MEMBERS OF THE FORSTER FAMILY AS MANAGERS OF THE ORGANIZATIONS OPERATIONS. WILLIAM FORSTER IS THE CHIEF OPERATING OFFICER. HIS WIFE MARCY, THEIR DAUGHTERS, ERIN FORSTER, JAMIE FALKIN AND BROOKE KOCHMAN ARE DIRECTORS AND ASSIST MR. FORSTER IN MANAGERIAL DECISIONS. MR. WILLIAM FORSTER DID NOT RECEIVE ANY W-2 COMPENSATION DURING 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MINUTES ARE MAINTAINED FOR ALL FOUNDATION BOARD MEETINGS AND OTHER CORPORATE ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WITH THE ARRIVAL OF THE COVID PANDEMIC, THE FOUNDATION UNDERTOOK FOUR (4) NEW MISSIONS DURING 2020. (1)PROTECTIVE MASKS WERE DISTRIBUTED THROUGHOUT SOUTH FLORIDA TO CHARITABLE ORGANIZATIONS AND INDIVIDUALS. (2)PLASTIC FACE SHIELDS WERE DISTRIBUTED THROUGHOUT SOUTH FLORIDA TO CHARITABLE ORGANIZATIONS AND INDIVIDUALS. (3)IPADS AND/OR COMPUTERS WERE DISTRIBUTED TO MIGRANT FARWORKER FAMILIES IN SOUTH FLORIDA TO ASSIST CHILDREN WITH REMOTE EDUCATION. (4)DURING 2022 THE FOUNDATION INITIATED ITS SHOE BY SHOE NATIONAL PROGRAM PROVIDING SHOES AND SOCKS TO NEEDY CHILDREN THROUGHOUT FLORIDA; 38,000 PAIRS OF SHOES ANS 50,000 PAIRS OF SOCKS WERE DISTRIBUTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Significant program services not listed on prior year return Part III line 2
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0136903
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt092902
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06144
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt037481
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0206964
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0136903
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012392 WHISTLER WAY
IRS990/USAddress/CityNm0BOYNTON BEACH
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033473
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0FORSTERFOUNDATION.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM A FORSTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05612513774
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORSTER FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FORS
ReturnHeader/Filer/EIN0611756830
ReturnHeader/Filer/InCareOfNm0% WILLIAM A FORSTER
ReturnHeader/Filer/PhoneNum05612513774
ReturnHeader/Filer/USAddress/AddressLine1Txt012392 WHISTLER WAY
ReturnHeader/Filer/USAddress/CityNm0BOYNTON BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033473
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Edward Anchel CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07566 Via Grande
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Boynton Beach
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033437
ReturnHeader/PreparerPersonGrp/PhoneNum03055827920
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD ANCHEL CPA
ReturnHeader/ReturnTs02025-02-21T15:04:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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