Civic Intelligence

Forster Foundation Inc.

990 • Fiscal year 2018 • EIN 61-1756830

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 07, 2019

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

54th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

54th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

17th percentile

-26%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-15%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$56,416

Down $19,769 (-26%) from 2017

Net Assets

Down

$56,416

Down $19,769 (-26%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin23rd percentile

Revenue

Down

$179,098

Down $30,687 (-15%) from 2017

Expenses

Up

$198,867

Up $124,282 (+167%) from 2017

Net Income

Down

-$19,769

Down $154,969 (-115%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2018

Assets$56,416
Liabilities$0
Net Assets$56,416
Open 2018 Filing

Operations Trend

Revenue Growth28th 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

2018

Revenue$179,098
Expenses$198,867
Net Income-$19,769
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 7, 2019
Return Version
2018v3.1
Gross Receipts
$179,098
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$76,185$56,416▼ $19,769
Cash and Non-Interest-Bearing Accounts$76,185$55,167▼ $21,018
Other Notes and Loans Receivable, Net-$1,249-
Total Assets$76,185$56,416▼ $19,769
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,185$56,416▼ $19,769
Total Liabilities and Net Assets / Fund Balance$76,185$56,416▼ $19,769
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
William a ForsterCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$179,098
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$179,098
Change in Net Assets
$-19,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$157,111
Other Expenses$41,756
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$157,111--$157,111
Advertising-$13,963-$13,963
Travel-$13,166-$13,166
Office Expenses-$11,563-$11,563
Information Technology-$2,908-$2,908
Other Expenses-$156-$156
Total Functional Expenses$157,111$41,756$0$198,867
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hope Haven InternationalRock Valley, IA-Medical Aids$69,810
Neve Michael Childrens VillagePembroke Pines, FL-General Support$35,000
Harvest of IsraelMorristown, TN-General Support$6,300
Fist Baptist Church of MorristownMorristown, TN-General Support$5,000
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
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
2019-03-07
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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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. EACH SERVE WITHOUT COMPENSATION.
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ReturnHeader/BusinessOfficerGrp/PhoneNum05612513774
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORSTER FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FORS
ReturnHeader/Filer/EIN0611756830
ReturnHeader/Filer/USAddress/AddressLine1Txt0W FORSTER 7050 W PALMETTO PK RD 214
ReturnHeader/Filer/USAddress/CityNm0BOCA RATON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0334333426
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BCDAE2BAAD2345174DEA0475A2E925A31F7C876C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BCDAE2BAAD2345174DEA0475A2E925A31F7C876C
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06034102019088zni0kgy
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-03-29
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.57.190.227
ReturnHeader/FilingSecurityInformation/IPDt02019-03-29
ReturnHeader/FilingSecurityInformation/IPTm011:41:33
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/PreparationDt02019-03-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Edward Anchel CPA
ReturnHeader/ReturnTs02019-03-29T11:38:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,416
Liabilities
$0
Net assets
$56,416
Revenue
$179,098
Expenses
$198,867
Net income
-$19,769
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