Civic Intelligence

Forster Foundation Inc.

990 • Fiscal year 2019 • EIN 61-1756830

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 13, 2020

Organization ProfileFORSTERFOUNDATION.COM
W Forster 7050 W Palmetto Pk Rd 214Boca Raton, FL 33433-3426

(561) 251-3774

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

97th percentile

78%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

99th percentile

875%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

247%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$550,292

Up $493,876 (+875%) from 2018

Net Assets

Up

$550,292

Up $493,876 (+875%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin97th percentile

Revenue

Up

$621,532

Up $442,434 (+247%) from 2018

Expenses

Down

$133,647

Down $65,220 (-33%) from 2018

Net Income

Up

$487,885

Up $507,654 (+2568%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$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

2019

Assets$550,292
Liabilities$0
Net Assets$550,292
Open 2019 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$621,532
Expenses$133,647
Net Income$487,885
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 13, 2020
Return Version
2019v5.1
Gross Receipts
$621,532
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 supports other charitable organizations that have the mission of assisting those in need of nutrition and medical aids such as wheel chairs and other devices for the disabled. The foundation promotes its operations as the miracle mission

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$56,416$550,292▲ $493,876
Investments in Publicly Traded Securities-$513,611-
Cash and Non-Interest-Bearing Accounts$55,167$36,681▼ $18,486
Other Notes and Loans Receivable, Net$1,249--
Total Assets$56,416$550,292▲ $493,876
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,416$550,292▲ $493,876
Total Liabilities and Net Assets / Fund Balance$56,416$550,292▲ $493,876
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
William a ForsterCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$620,239
Program Service Revenue
$0
Investment Income
$1,293
Other Revenue
$0
All Other Contributions
$620,239
Change in Net Assets
$487,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$99,124
Other Expenses$34,523
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$99,124--$99,124
Office Expenses-$16,934-$16,934
Other Expenses-$9,220-$9,220
Information Technology-$4,469-$4,469
Advertising-$2,572-$2,572
Fees for Service Investment Mgmnt Fees-$1,328-$1,328
Total Functional Expenses$99,124$34,523$0$133,647
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hope Haven InternationalRock Valley, IA-General Support$20,651
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. Each serve without compensation.”

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
Address
W FORSTER 7050 W PALMETTO PK RD 214, BOCA RATON, FL 33433-3426

Signing Officer

Name
William a Forster
Title
President
Phone
5612513774
Signed
2020-03-13
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
5617374296
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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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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId060341020200905j5hdy2
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-03-30
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.57.190.227
ReturnHeader/FilingSecurityInformation/IPDt02020-03-30
ReturnHeader/FilingSecurityInformation/IPTm017:29:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0592939928
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/PhoneNum05617374296
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Edward Anchel CPA
ReturnHeader/ReturnTs02020-03-30T17:25:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$550,292
Liabilities
$0
Net assets
$550,292
Revenue
$621,532
Expenses
$133,647
Net income
$487,885
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.37$1.01$0.64
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.18$1.19$1.02
2022Detailed filing. Detailed filing data is available for this year.$2.94$0.29$2.65$3.22$2.90$0.32
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$0.91$3.36$2.45
2020Detailed filing. Detailed filing data is available for this year.$5.18$0.00$5.18$1.59$2.12$0.53
2019Detailed filing. Detailed filing data is available for this year.$5.50$0.00$5.50$6.22$1.34$4.88
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$1.79$1.99$0.20
2017Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$2.10$0.75$1.35
2016Summary only. Only limited summary data is available for this year.$0.04$0.63$0.14$0.15$0.01
2015Summary only. Only limited summary data is available for this year.$0.26$0.84$1.44$2.02$0.58