Liabilities / Assets
27th percentile
Tied with the lowest-debt nonprofits in its peer group.
Forster Foundation Inc.
990 • Fiscal year 2020 • EIN 61-1756830
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
27th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$517,783
Down $32,509 (-5.9%) from 2019
Net Assets
Down$517,783
Down $32,509 (-5.9%) from 2019
Liabilities
Flat$0
Flat from 2019
Revenue And Expenses
Revenue
Down$159,085
Down $462,447 (-74%) from 2019
Expenses
Up$212,154
Up $78,507 (+59%) from 2019
Net Income
Down-$53,069
Down $540,954 (-111%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Mar 8, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $540,400
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $550,292 | $517,783 | ▼ $32,509 |
| Investments in Publicly Traded Securities | $513,611 | $423,451 | ▼ $90,160 |
| Cash and Non-Interest-Bearing Accounts | $36,681 | $88,262 | ▲ $51,581 |
| Prepaid Expenses and Deferred Charges | - | $6,070 | - |
| Total Assets | $550,292 | $517,783 | ▼ $32,509 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $550,292 | $517,783 | ▼ $32,509 |
| Total Liabilities and Net Assets / Fund Balance | $550,292 | $517,783 | ▼ $32,509 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| William a Forster | CEO | PT | $12,300 | $12,300 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $153,037
- Program Service Revenue
- $0
- Investment Income
- $6,048
- Other Revenue
- $0
- All Other Contributions
- $153,037
- Change in Net Assets
- $-53,069
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $177,723 |
| Other Expenses | $21,001 |
| Salaries, Compensation, and Employee Benefits | $13,430 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $177,723 | - | - | $177,723 |
| Fees for Services Management | - | $14,000 | - | $14,000 |
| Current Officers, Directors, Trustees, and Key Employees | - | $12,300 | - | $12,300 |
| Fees for Service Investment Mgmnt Fees | - | $2,768 | - | $2,768 |
| Office Expenses | - | $2,629 | - | $2,629 |
| Advertising | - | $1,254 | - | $1,254 |
| Payroll Taxes | - | $1,130 | - | $1,130 |
| Fees for Services Accounting | - | $200 | - | $200 |
| Fees for Services Legal | - | $150 | - | $150 |
| Total Functional Expenses | $177,723 | $34,431 | $0 | $212,154 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- 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 received w-2 compensation of $12,300 during 2020.”
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
- 12392 WHISTLER WAY, BOYNTON BEACH, FL 33473
Signing Officer
- Name
- William a Forster
- Title
- President
- Phone
- 5612513774
- Signed
- 2021-03-08
- 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
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)ipads were distributed to families in israel to assist children with remote education.”
Raw XML Appendix281 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/Form990ProvidedToGvrnBodyInd | 0 | true |
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| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
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| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 374335 |
| IRS990/GrossReceiptsAmt | 0 | 540400 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 0 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 13028 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
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| IRS990/LoanOutstandingInd | 0 | false |
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| IRS990/MissionDesc | 0 | 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 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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 RECEIVED W-2 COMPENSATION OF $12,300 DURING 2020. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MINUTES ARE MAINTAINED FOR ALL FOUNDATION BOARD MEETINGS AND OTHER CORPORATE ACTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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)IPADS WERE DISTRIBUTED TO FAMILIES IN ISRAEL TO ASSIST CHILDREN WITH REMOTE EDUCATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Officer directors etc family relationship Part VI line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990 governing body review Part VI line 11 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other officer or key employee compensation Part VI line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Significant program services not listed on prior year return Part III line 2 |
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| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 550292 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 517783 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 177723 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 12300 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 6048 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 159085 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 550292 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 517783 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TransactionWithControlEntInd | 0 | false |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | FORSTERFOUNDATION.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WILLIAM A FORSTER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5612513774 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-03-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FORSTER FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FORS |
| ReturnHeader/Filer/EIN | 0 | 611756830 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 12392 WHISTLER WAY |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BOYNTON BEACH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 33473 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 592939928 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Edward Anchel CPA PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7566 Via Grande |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Boynton Beach |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 33437 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5617374296 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-03-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Edward Anchel CPA |
| ReturnHeader/ReturnTs | 0 | 2021-03-09T18:57:00-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | WILLIAM |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | FORSTER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $517,783
- Liabilities
- $0
- Net assets
- $517,783
- Revenue
- $159,085
- Expenses
- $212,154
- Net income
- -$53,069