Forster Family Foundation Inc

Wilmington, DE
Tax-exempt since Aug. 2006
EIN: 20-3369497

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$502k (2024)

Expenses

$553k (2024)

Total Assets

$2.97M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$502,175

Expenses

$552,980

Net Income

-$50,805

Net Assets

$2,973,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$93	0.0%
Dividends	$38,758	7.7%
Sales of Assets	$463,324	92.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$510,137	92.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,973,590
Total Liabilities	$0
Net Assets	$2,973,590

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Dir, Vp)	$0	$0
Kyle Forster (Dir, Vp)	$0	$0
Nancy Forster (Dir, Vp)	$0	$0
Patrick Forster (Pres, Dir, Sec)	$0	$0

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990-PF

Filed on April 25, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$76,843

Expenses

$561,083

Net Income

-$484,240

Net Assets

$3,024,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$164	0.2%
Dividends	$34,671	45.1%
Sales of Assets	$42,008	54.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$526,720	93.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,024,395
Total Liabilities	$0
Net Assets	$3,024,395

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Dir, Vp)	$0	$0
Kyle Forster (Dir, Vp)	$0	$0
Nancy Forster (Dir, Vp)	$0	$0
Patrick Forster (Pres, Dir, Sec)	$0	$0

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990-PF

Filed on May 2, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$392,681

Expenses

$553,600

Net Income

-$160,919

Net Assets

$3,508,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$52	0.0%
Dividends	$33,889	8.6%
Sales of Assets	$358,740	91.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$499,241	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,508,635
Total Liabilities	$0
Net Assets	$3,508,635

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Dir, Vp)	$0	$0
Kyle Forster (Dir, Vp)	$0	$0
Nancy Forster (Dir, Vp)	$0	$0
Patrick Forster (Pres, Dir, Sec)	$0	$0

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990-PF

Filed on May 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$1,154,359

Expenses

$541,527

Net Income

$612,832

Net Assets

$3,669,554

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$509,315	44.1%
Interest Revenue	$6	0.0%
Dividends	$35,222	3.1%
Sales of Assets	$609,816	52.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$484,210	89.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,669,554
Total Liabilities	$0
Net Assets	$3,669,554

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Dir, Vp)	$0	$0
Kyle Forster (Dir, Vp)	$0	$0
Nancy Forster (Dir, Vp)	$0	$0
Patrick Forster (Pres, Dir, Sec)	$0	$0

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990-PF

Filed on March 22, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$997,553

Expenses

$485,960

Net Income

$511,593

Net Assets

$3,056,721

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$517,646	51.9%
Interest Revenue	$11	0.0%
Dividends	$45,293	4.5%
Sales of Assets	$434,603	43.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$444,051	91.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,056,722
Total Liabilities	$1
Net Assets	$3,056,721

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Dir, Vp)	$0	$0
Kyle Forster (Dir, Vp)	$0	$0
Nancy Forster (Dir, Vp)	$0	$0
Patrick Forster (Pres, Dir, Sec)	$0	$0

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990-PF

Filed on June 30, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$682,158

Expenses

$468,866

Net Income

$213,292

Net Assets

$2,545,128

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300,046	44.0%
Interest Revenue	$153	0.0%
Dividends	$33,577	4.9%
Sales of Assets	$348,382	51.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$438,595	93.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,545,129
Total Liabilities	$1
Net Assets	$2,545,128

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Dir, Vp)	$0	$0
Kyle Forster (Dir, Vp)	$0	$0
Nancy Forster (Dir, Vp)	$0	$0
Patrick Forster (Pres, Dir, Sec)	$0	$0

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990-PF

Filed on Aug. 19, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$553,134

Expenses

$432,528

Net Income

$120,606

Net Assets

$2,331,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$279,839	50.6%
Interest Revenue	$1,143	0.2%
Dividends	$31,062	5.6%
Sales of Assets	$241,090	43.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$392,533	90.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,331,837
Total Liabilities	$0
Net Assets	$2,331,837

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Dir, Vp)	$0	$0
Kyle Forster (Dir, Vp)	$0	$0
Nancy Forster (Dir, Vp)	$0	$0
Patrick Forster (Pres, Dir, Sec)	$0	$0

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990-PF

Filed on April 10, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$350,820

Expenses

$228,266

Net Income

$122,554

Net Assets

$2,211,231

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$278	0.1%
Dividends	$35,514	10.1%
Sales of Assets	$315,028	89.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$190,519	83.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,211,231
Total Liabilities	$0
Net Assets	$2,211,231

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Dir, Vp)	$0	$0
Kyle Forster (Dir, Vp)	$0	$0
Nancy Forster (Dir, Vp)	$0	$0
Patrick Forster (Pres, Dir, Sec)	$0	$0

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990-PF

Filed on May 11, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$691,615

Expenses

$155,749

Net Income

$535,866

Net Assets

$2,088,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$509,060	73.6%
Interest Revenue	$3	0.0%
Dividends	$29,756	4.3%
Sales of Assets	$152,796	22.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$133,573	85.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,088,677
Total Liabilities	$0
Net Assets	$2,088,677

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Vp / Dir)	$0	$0
Kyle Forster (Vp / Dir)	$0	$0
Nancy Forster (Vp / Dir)	$0	$0
Patrick Forster (Pres / Dir / Sec)	$0	$0

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990-PF

Filed on May 5, 2017

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$259,829

Expenses

$171,969

Net Income

$87,860

Net Assets

$1,552,811

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$102,773	39.6%
Interest Revenue	$10	0.0%
Dividends	$23,717	9.1%
Sales of Assets	$133,329	51.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$147,229	85.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,552,811
Total Liabilities	$0
Net Assets	$1,552,811

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Vp / Dir)	$0	$0
Kyle Forster (Vp / Dir)	$0	$0
Nancy Forster (Vp / Dir)	$0	$0
Patrick Forster (Pres / Dir / Sec)	$0	$0

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990-PF

Filed on April 12, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$589,985

Expenses

$184,232

Net Income

$405,753

Net Assets

$1,464,951

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$459,113	77.8%
Interest Revenue	$10	0.0%
Dividends	$26,771	4.5%
Sales of Assets	$104,091	17.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$165,250	89.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,464,951
Total Liabilities	$0
Net Assets	$1,464,951

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Vp / Dir)	$0	$0
Kyle Forster (Vp / Dir)	$0	$0
Nancy Forster (Vp / Dir)	$0	$0
Patrick Forster (Pres / Dir / Sec)	$0	$0

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990-PF

Filed on July 29, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$609,149

Expenses

$165,946

Net Income

$443,203

Net Assets

$1,059,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,857	82.2%
Interest Revenue	$18	0.0%
Dividends	$12,636	2.1%
Sales of Assets	$95,638	15.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$154,552	93.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,059,198
Total Liabilities	$0
Net Assets	$1,059,198

Compensation

Key Employees and Officers	Compensation	Other
Bret Forster (Vp / Dir)	$0	$0
Kyle Forster (Vp / Dir)	$0	$0
Nancy Forster (Vp / Dir)	$0	$0
Patrick Forster (Pres / Dir / Sec)	$0	$0

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990-PF

Filed on April 30, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$122,803

Expenses

$134,739

Net Income

-$11,936

Net Assets

$615,994

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$10,459	8.5%
Sales of Assets	$112,338	91.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$124,759	92.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$615,995
Total Liabilities	$1
Net Assets	$615,994

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

-$22,020

Expenses

$144,974

Net Income

-$166,994

Net Assets

$627,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9
Dividends	$8,773
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$131,418	90.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$627,931
Total Liabilities	$1
Net Assets	$627,930

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Forster Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $502k (2024)

Expenses $553k (2024)

Total Assets $2.97M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$502k (2024)

Expenses

$553k (2024)

Total Assets

$2.97M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005