Civic Intelligence

Foster'S Home Foundation

990 • Fiscal year 2022 • EIN 75-2446210

Sep 01, 2021 to Aug 31, 2022 • Filed on Jun 15, 2023

Organization ProfileWWW.FOSTERSHOME.ORG
1779 N Graham StStephenville, TX 76401

(254) 968-2143

Siviq Scores

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

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.10x

Higher debt load relative to revenue than 31% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

96th percentile

86%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

32nd percentile

$130,241

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

62nd percentile

5.4%

Faster asset growth than 62% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

103%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$17,919,510

Up $922,920 (+5.4%) from 2021

Net Assets

Up

$17,500,206

Up $1,207,249 (+7.4%) from 2021

Liabilities

Down

$419,304

Down $284,329 (-40%) from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin96th percentile

Revenue

Up

$4,136,098

Up $2,103,275 (+103%) from 2021

Expenses

Down

$580,867

Down $71,784 (-11%) from 2021

Net Income

Up

$3,555,231

Up $2,175,059 (+158%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$40M$30M$20M$10M$0Assets 2010: $7,035,646Liabilities 2010: $940,066Net Assets 2010: $6,095,5802010Assets 2011: $7,236,640Liabilities 2011: $1,159,339Net Assets 2011: $6,077,3012011Assets 2012: $8,405,082Liabilities 2012: $1,139,944Net Assets 2012: $7,265,1382012Assets 2013: $10,705,149Liabilities 2013: $1,211,359Net Assets 2013: $9,493,7902013Assets 2014: $11,706,151Liabilities 2014: $1,136,937Net Assets 2014: $10,569,2142014Assets 2015: $11,189,801Liabilities 2015: $1,018,181Net Assets 2015: $10,171,6202015Assets 2016: $10,815,877Liabilities 2016: $834,330Net Assets 2016: $9,981,5472016Assets 2017: $11,170,293Liabilities 2017: $814,316Net Assets 2017: $10,355,9772017Assets 2018: $11,948,834Liabilities 2018: $715,946Net Assets 2018: $11,232,8882018Assets 2019: $12,655,733Liabilities 2019: $654,120Net Assets 2019: $12,001,6132019Assets 2020: $13,686,941Liabilities 2020: $594,278Net Assets 2020: $13,092,6632020Assets 2021: $16,996,590Liabilities 2021: $703,633Net Assets 2021: $16,292,9572021Assets 2022: $17,919,510Liabilities 2022: $419,304Net Assets 2022: $17,500,2062022Assets 2023: $19,297,499Liabilities 2023: $371,002Net Assets 2023: $18,926,4972023Assets 2024: $24,144,686Liabilities 2024: $360,712Net Assets 2024: $23,783,9742024Assets 2025: $33,621,114Liabilities 2025: $351,480Net Assets 2025: $33,269,6342025

Highlighted filing

2022

Assets$17,919,510
Liabilities$419,304
Net Assets$17,500,206
Open 2022 Filing

Operations Trend

Revenue Growth93rd percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $427,1412010Expenses 2011: $430,6342011Expenses 2012: $453,9182012Expenses 2013: $487,1802013Revenue 2014: $2,131,109Expenses 2014: $653,979Net Income 2014: $1,477,1302014Revenue 2015: $1,299,272Expenses 2015: $768,219Net Income 2015: $531,0532015Revenue 2016: -$106,687Expenses 2016: $796,420Net Income 2016: -$903,1072016Revenue 2017: $1,194,278Expenses 2017: $906,153Net Income 2017: $288,1252017Revenue 2018: $1,209,950Expenses 2018: $830,415Net Income 2018: $379,5352018Revenue 2019: $2,098,435Expenses 2019: $792,339Net Income 2019: $1,306,0962019Revenue 2020: $1,089,042Expenses 2020: $755,258Net Income 2020: $333,7842020Revenue 2021: $2,032,823Expenses 2021: $652,651Net Income 2021: $1,380,1722021Revenue 2022: $4,136,098Expenses 2022: $580,867Net Income 2022: $3,555,2312022Revenue 2023: $1,695,275Expenses 2023: $276,572Net Income 2023: $1,418,7032023Revenue 2024: $4,103,867Expenses 2024: $1,045,404Net Income 2024: $3,058,4632024Revenue 2025: $9,225,434Expenses 2025: $1,059,864Net Income 2025: $8,165,5702025

Highlighted filing

2022

Revenue$4,136,098
Expenses$580,867
Net Income$3,555,231
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jun 15, 2023
Return Version
2021v4.2
Gross Receipts
$9,668,463
Mission and Program Overview

Mission

To provide funding to operate the sherwood & myrtie foster home for children

To provide funding to operate sherwood and myrtie foster's home for children

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,548,312$13,702,655▼ $1,845,657
Savings and Temporary Cash Investments$320,678$416,895▲ $96,217
Total Assets$16,996,590$17,919,510▲ $922,920
Other Assets Total$1,127,600$3,799,960▲ $2,672,360
Liabilities
Other Liabilities$690,589$406,260▼ $284,329
Accounts Payable and Accrued Expenses$13,044$13,044→ $0
Total Liabilities$703,633$419,304▼ $284,329
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,066,573$17,275,120▲ $1,208,547
Net Assets With Donor Restrictions$226,384$225,086▼ $1,298
Total Net Assets Fund Balance$16,292,957$17,500,206▲ $1,207,249
Total Liabilities and Net Assets / Fund Balance$16,996,590$17,919,510▲ $922,920

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,352,039--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$263,519$22,293▼ $25,104$11,611$249,097
2020$225,450$4,800▲ $33,269-$263,519
2019$221,835$300▲ $3,315-$225,450
2018$202,789$20,000▲ $6,683$7,637$221,835
2017$147,473$60,000▲ $5,266$9,950$202,789
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Doug YoungPresidentFT$130,241$130,241

Board Members and Trustees

NameTitle
John TerrillChairman
Heath HamrickVice Chair
Clinton NixDirector
James Bo CoxDirector
Mike BlevinsDirector
Phil UhrhanDirector
Jeff GilesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,476,091
Program Service Revenue
$0
Investment Income
$389,611
Other Revenue
$270,396
All Other Contributions
$3,455,668
Change in Net Assets
$3,555,231

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$3,352,039Appraisal
Total Noncash Contributions1$3,352,039-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,090,912
Revenue Not Reported on Financial Statements
$45,186
Revenue Not Reported on Form 990
$-2,507,141
Total Revenue per Audited Statements
$1,583,771
Total Revenue per Form 990
$4,136,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,000
Salaries, Compensation, and Employee Benefits$160,000
Other Expenses$120,867
Total Fundraising Expense$10,391
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Other Salaries and Wages-$160,000-$160,000
Fees for Service Investment Mgmnt Fees-$45,186-$45,186
Fees for Services Accounting-$27,277-$27,277
All Other Expenses-$9,980-$9,980
Other Expenses$11,883$6,150$10,391$6,150
Total Functional Expenses$311,883$258,593$10,391$580,867

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$580,867
Expenses per Audited Statements$535,681
Total Expenses per Audited Statements$535,681
Expenses Not Reported on Financial Statements$45,186
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
FOSTER'S HOME CHILDRENStephenville, TX501(c)3Support for Operations of the Home$300,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$350,364
DUE TO SHERWOOD & MYRTIE'S FOSTER'S HOME FOR CHILDREN, INC.$40,210
Charitable Remainder Trust Liability$15,414
Accrued Expense$272
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Line 11a explanation - a copy of the form 990 is presented to the organization's governing body prior to filing.”

Form 990, Part VI, Section B, Line 12C

“A written conflict of interest policy is present and the board members review and sign it annually. Compliance is monitored and enforced by refusal to engage in any monetary transactions from the home to the board. This involves refusing to utilize any board member, or their company, for services rendered. Board members also abstain as necessary from any votes that may pertain to a personal conflict of interest related to relationships, transactions, or positions. If a board member perceives they, or another board member, may have a conflict of interest, it is brought up for disclosure and discussion.”

Form 990, Part VI, Section B, Line 15

“The executive director's salary is discussed and approved by the board of directors and then recorded in the minutes of the board meeting.”

Form 990, Part VI, Section C, Line 19

“Financial statements are available on the organization's website.”

Filing and Contact Details

Filer

Filer Name
FOSTER'S HOME FOUNDATION
EIN
75-2446210
Phone
2549682143
Address
1779 N GRAHAM ST, STEPHENVILLE, TX 76401

Signing Officer

Name
Doug Young
Title
President
Phone
2549682143
Signed
2023-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Young
Formed
1992
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
400 PINE ST STE 600, ABILENE, TX 79601-5190
Preparer
Donna Scifres-solomon CPA
Phone
3256724000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in split interest agreement 159,159.”

Financial Statement Notes

PART V, LINE 4:

“Endowment funds were established for the purpose of assisting the home with the cost of higher education for the children.”

Raw XML AppendixShowing 400 of 517 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013044
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013044
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FUNDING TO OPERATE SHERWOOD AND MYRTIE FOSTER'S HOME FOR CHILDREN
IRS990/AllOtherContributionsAmt03455668
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt09980
IRS990/AllOtherExpensesGrp/TotalAmt09980
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHELLE RUDLOFF
IRS990/BooksInCareOfDetail/PhoneNum02549682143
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 978
IRS990/BooksInCareOfDetail/USAddress/CityNm0STEPHENVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076401
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03476091
IRS990/CYGrantsAndSimilarPaidAmt0300000
IRS990/CYInvestmentIncomeAmt0389611
IRS990/CYOtherExpensesAmt0120867
IRS990/CYOtherRevenueAmt0270396
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt03555231
IRS990/CYSalariesCompEmpBnftPaidAmt0160000
IRS990/CYTotalExpensesAmt0580867
IRS990/CYTotalFundraisingExpenseAmt010391
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04136098
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROVIDE FUNDING TO SHERWOOD AND MYRTIE FOSTER'S HOME FOR CHILDREN, INC. FOR OPERATIONS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0226384
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0225086
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0311883
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt027277
IRS990/FeesForServicesAccountingGrp/TotalAmt027277
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt045186
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt045186
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt710.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt725518
IRS990/Form990PartVIISectionAGrp/PersonNm0PHIL UHRHAN
IRS990/Form990PartVIISectionAGrp/PersonNm1MIKE BLEVINS
IRS990/Form990PartVIISectionAGrp/PersonNm2CLINTON NIX
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES BO COX
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN TERRILL
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFF GILES
IRS990/Form990PartVIISectionAGrp/PersonNm6HEATH HAMRICK
IRS990/Form990PartVIISectionAGrp/PersonNm7DOUG YOUNG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7104723
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-8426
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0300000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0300000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0300000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05523939
IRS990/GrossReceiptsAmt09668463
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0398037
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0398037
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt015548312
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013702655
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05532365
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FUNDING TO OPERATE SHERWOOD & MYRTIE FOSTER'S HOME FOR CHILDREN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt016292957
IRS990/NetAssetsOrFundBalancesEOYAmt017500206
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-8426
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-8426
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2507141
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016066573
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt017275120
IRS990/NoncashContributionsAmt03352039
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01127600
IRS990/OtherAssetsTotalGrp/EOYAmt03799960
IRS990/OtherChangesInNetAssetsAmt0159159
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIPS AND TUITIO
IRS990/OtherExpensesGrp/Desc1FUNDRAISING EXPENSE
IRS990/OtherExpensesGrp/Desc2CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt010391
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16150
IRS990/OtherExpensesGrp/ProgramServicesAmt011883
IRS990/OtherExpensesGrp/TotalAmt011883
IRS990/OtherExpensesGrp/TotalAmt110391
IRS990/OtherExpensesGrp/TotalAmt210000
IRS990/OtherExpensesGrp/TotalAmt36150
IRS990/OtherLiabilitiesGrp/BOYAmt0690589
IRS990/OtherLiabilitiesGrp/EOYAmt0406260
IRS990/OtherRevenueMiscGrp/BusinessCd0900009
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07751
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt07751
IRS990/OtherRevenueTotalAmt07751
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0160000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0160000
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DOUG YOUNG
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01527689
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0407188
IRS990/PYInvestmentIncomeAmt0371214
IRS990/PYOtherExpensesAmt084100
IRS990/PYOtherRevenueAmt0133920
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01380172
IRS990/PYSalariesCompEmpBnftPaidAmt0161363
IRS990/PYTotalExpensesAmt0652651
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02032823
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03555231
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt020423
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0262645
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0262645
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0320678
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0416895
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0751377874
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0300000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SHERWOOD AND MYRTIE FOSTER'S HOME
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0300000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.15711
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0263519
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt022293
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0249097
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-25104
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt011611
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0225450
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0263519
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033269
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0221835
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0225450
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03315
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0202789
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt020000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0221835
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06683
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt07637
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0147473
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt060000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0202789
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt09950
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt045186
IRS990ScheduleD/ExpensesSubtotalAmt0535681
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt045186
IRS990ScheduleD/InvestmentExpensesNotIncldAmt045186
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2507141
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt030539
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1299740
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2117642
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33352039
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CHARITABLE REMAINDER TRUSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OIL LEASE INVESTMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MONEY MARKET ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LAND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0350364
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115414
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt240210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CHARITABLE REMAINDER TRUST LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO SHERWOOD & MYRTIE'S FOSTER'S HOME FOR CHILDREN, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED EXPENSE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.16460
IRS990ScheduleD/RevenueNotReportedAmt0-2507141
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt045186
IRS990ScheduleD/RevenueSubtotalAmt04090912
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS WERE ESTABLISHED FOR THE PURPOSE OF ASSISTING THE HOME WITH THE COST OF HIGHER EDUCATION FOR THE CHILDREN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.67829
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03799960
IRS990ScheduleD/TotalExpensesPerForm990Amt0580867
IRS990ScheduleD/TotalLiabilityAmt0406260
IRS990ScheduleD/TotalRevenuePerForm990Amt04136098
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01583771
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0535681
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0300000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT FOR OPERATIONS OF THE HOME
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FOSTER'S HOME CHILDREN
IRS990ScheduleI/RecipientTable/RecipientEIN0751377874
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01779 N GRAHAM
IRS990ScheduleI/RecipientTable/USAddress/CityNm0STEPHENVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076401
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0ACTUAL
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt03
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt03352039
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - A COPY OF THE FORM 990 IS PRESENTED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A WRITTEN CONFLICT OF INTEREST POLICY IS PRESENT AND THE BOARD MEMBERS REVIEW AND SIGN IT ANNUALLY. COMPLIANCE IS MONITORED AND ENFORCED BY REFUSAL TO ENGAGE IN ANY MONETARY TRANSACTIONS FROM THE HOME TO THE BOARD. THIS INVOLVES REFUSING TO UTILIZE ANY BOARD MEMBER, OR THEIR COMPANY, FOR SERVICES RENDERED. BOARD MEMBERS ALSO ABSTAIN AS NECESSARY FROM ANY VOTES THAT MAY PERTAIN TO A PERSONAL CONFLICT OF INTEREST RELATED TO RELATIONSHIPS, TRANSACTIONS, OR POSITIONS. IF A BOARD MEMBER PERCEIVES THEY, OR ANOTHER BOARD MEMBER, MAY HAVE A CONFLICT OF INTEREST, IT IS BROUGHT UP FOR DISCLOSURE AND DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S SALARY IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS AND THEN RECORDED IN THE MINUTES OF THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN SPLIT INTEREST AGREEMENT 159,159.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,919,510
Liabilities
$419,304
Net assets
$17,500,206
Revenue
$4,136,098
Expenses
$580,867
Net income
$3,555,231
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$33.6$0.35$33.3$9.23$1.06$8.17
2024Detailed filing. Detailed filing data is available for this year.$24.1$0.36$23.8$4.10$1.05$3.06
2023Detailed filing. Detailed filing data is available for this year.$19.3$0.37$18.9$1.70$0.28$1.42
2022Detailed filing. Detailed filing data is available for this year.$17.9$0.42$17.5$4.14$0.58$3.56
2021Detailed filing. Detailed filing data is available for this year.$17.0$0.70$16.3$2.03$0.65$1.38
2020Detailed filing. Detailed filing data is available for this year.$13.7$0.59$13.1$1.09$0.76$0.33
2019Detailed filing. Detailed filing data is available for this year.$12.7$0.65$12.0$2.10$0.79$1.31
2018Detailed filing. Detailed filing data is available for this year.$11.9$0.72$11.2$1.21$0.83$0.38
2017Detailed filing. Detailed filing data is available for this year.$11.2$0.81$10.4$1.19$0.91$0.29
2016Detailed filing. Detailed filing data is available for this year.$10.8$0.83$9.98$0.11$0.80$0.90
2015Detailed filing. Detailed filing data is available for this year.$11.2$1.02$10.2$1.30$0.77$0.53
2014Detailed filing. Detailed filing data is available for this year.$11.7$1.14$10.6$2.13$0.65$1.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$1.21$9.49$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.41$1.14$7.27$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.24$1.16$6.08$0.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.04$0.94$6.10$0.43