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Nonprofit · EIN 26-1991807

FOSTERING HOPE FOUNDATION

Tax-exempt · COLORADO SPGS, CO 80903

Financials

$1.3M$928K2023$1.4M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of FOSTERING HOPE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,433,930$1,087,145$346,785$1,794,801$38,322$1,756,479
December 31, 2023990$1,252,836$928,032$324,804$1,439,336$29,642$1,409,694
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,030,466
Program service revenue
$28,049
Investment income
$141,847
Net income from fundraising events
$233,568
Other revenue
$233,568

Expenses

Grants and similar amounts paid
$81,696
Compensation of officers, directors and key employees
$0
Other salaries and wages
$683,349
Salaries, compensation and benefits (total)
$811,206
Professional fundraising fees
$0
Travel
$6,128
Depreciation
$4,894
Program services (functional)
$885,116
Management and general (functional)
$72,002
Fundraising (functional)
$130,027

Balance sheet and other

Total assets, start of year
$1,439,336
Total assets, end of year
$1,794,801
Total liabilities, end of year
$38,322
Net assets, end of year
$1,756,479
Publicly traded securities
$1,402,568
Net assets without donor restrictions
$1,756,479
Gross receipts
$1,433,930
Employees
19
Volunteers
208
Year formed
2008
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BRIAN NEWSOMEExecutive Dir.
Officer
0$92,034
GINA COLARELLI O'CONNORBOARD CHAIR
Trustee or director
0$0
PATRICK O'CONNORTrustee
Trustee or director
0$0
ANGELA COLARELLI CARRONTrustee
Trustee or director
0$0
DAVID CARRONTrustee
Trustee or director
0$0
NICK COLARELLI IIITrustee
Trustee or director
0$0
VINCENT COLARELLITrustee
Trustee or director
0$0
KATY COLARELLI BEATTYTrustee
Trustee or director
0$0
CHRIS BEATTYTrustee
Trustee or director
0$0
CATANIA JONESDirector
Trustee or director
0$0
BEN SCHOCHDirector
Trustee or director
0$0
JULIE BRIGGSDirector
Trustee or director
0$0
KEVIN PORTERDirector
Trustee or director
0$0
MIKE CARROLLDirector
Trustee or director
0$0
SUSAN PRESTIDirector
Trustee or director
0$0
10 more people on this return
NameTitleHours / weekCompensation
TRACEY ENGELHARDTDirector
Trustee or director
0$0
HARRISON HUNTERDirector
Trustee or director
0$0
TRUDY HOUSEDirector
Trustee or director
0$0
MICHELE STRUB-HEERDirector
Trustee or director
0$0
BILL JOHANNSENDirector
Trustee or director
0$0
LUANNE LONGDirector
Trustee or director
0$0
STEVE SCOTTDirector
Trustee or director
0$0
AMY SALISBURY-WERHANEDirector
Trustee or director
0$0
TARAH KINGDirector
Trustee or director
0$0
KENNETH O'CONNORTrustee
Trustee or director
0$0
990 for the year ended December 31, 2023: 29 people
NameTitleHours / weekCompensation
JILL BRADLEYDirector
Trustee or director
0$0
GINA COLARELLI O'CONNORBOARD CHAIR
Trustee or director
0$0
PATRICK O'CONNORTrustee
Trustee or director
0$0
ANGELA COLARELLI CARRONTrustee
Trustee or director
0$0
DAVID CARRONTrustee
Trustee or director
0$0
NICK COLARELLI IIITrustee
Trustee or director
0$0
VINCENT COLARELLITrustee
Trustee or director
0$0
KATY COLARELLI BEATTYTrustee
Trustee or director
0$0
CHRIS BEATTYTrustee
Trustee or director
0$0
JENNIFER SWANDirector
Trustee or director
0$0
CATANIA JONESDirector
Trustee or director
0$0
BEN SCHOCHDirector
Trustee or director
0$0
JULIE BRIGGSDirector
Trustee or director
0$0
KEVIN PORTERDirector
Trustee or director
0$0
MIKE CARROLLDirector
Trustee or director
0$0
SUSAN PRESTIDirector
Trustee or director
0$0
TRACEY ENGELHARDTDirector
Trustee or director
0$0
HARRISON HUNTERDirector
Trustee or director
0$0
TRUDY HOUSEDirector
Trustee or director
0$0
JUDY MCCARTYDirector
Trustee or director
0$0
MICHELE STRUB-HEERDirector
Trustee or director
0$0
BILL JOHANNSENDirector
Trustee or director
0$0
LUANNE LONGDirector
Trustee or director
0$0
STEVE SCOTTDirector
Trustee or director
0$0
AMY SALISBURY-WERHANEDirector
Trustee or director
0$0
TARAH KINGDirector
Trustee or director
0$0
KENNETH O'CONNORTrustee
Trustee or director
0$0
TONY COLARELLITrustee
Trustee or director
0$0
DICK BOWLESDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
111 S TEJON ST STE 112, COLORADO SPGS, CO 80903-2247
Signed the 990
GINA COLARELLI O'CONNOR, Trustee
Return prepared by
Patrick OConnor CPA JD

Mission

TO PROVIDE ASSISTANCE TO FOSTER FAMILIES BY ORGANIZING CHURCH BASED SUPPORT TEAMS.

990 for the year ended December 31, 2024

Program accomplishments

  • FOSTERING HOPE FOUNDATION NOW DIRECTLY EMPLOYS STAFF WHO WORK WITH THE FAITH BASED ORGANIZATIONS.IN ADDITION, THE FOUNDATION WORKS WITH FOSTER CHILDREN WHO ARE AGING OUT OF FOSTER CARE THROUGH ITS FOSTERING ADULTHOOD PROGRAM.
    Expenses $885,116

What it must file and when

IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-1991807
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Exempt since
1946
Accounting year ends
December
Files
Not required (church)
Category (NTEE)
Human services (P32)
Assets (IRS master file)
$1,794,801
Income (IRS master file)
$1,433,930

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,433,930$1,087,145$1,794,801IRS
990December 2023$1,252,836$928,032$1,439,336XML
990December 2022$886,679$838,588$1,106,173IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1991807).

Questions about FOSTERING HOPE FOUNDATION

What is the EIN of FOSTERING HOPE FOUNDATION?
The employer identification number (EIN) of FOSTERING HOPE FOUNDATION is 26-1991807.
Is FOSTERING HOPE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does FOSTERING HOPE FOUNDATION file?
Form Not required (church). Churches are not required to file.
When is the next return of FOSTERING HOPE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOSTERING HOPE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of FOSTERING HOPE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 25 people; 1 received compensation from the organization, the highest $92,034 (BRIAN NEWSOME, Executive Dir.).
How much revenue does FOSTERING HOPE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,433,930, expenses of $1,087,145 and total assets of $1,794,801 at year end.

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