FaithBridge Foster Care 
The information on this page was last updated 11/13/2024. If you see errors or omissions, please email: [email protected]
Summary
FaithBridge Foster Care is Georgia's largest Christ-centered Child Placing Agency. They recruit, train, and support foster care families in local churches and license them to provide community-based, short- and long-term care for foster children.
A Christ-centered, tax-exempt corporation intent on changing U.S. foster care, FaithBridge Foster Care works with the local church to solve and take ownership of its community's foster care crisis. FaithBridge partners with local churches to create independent foster care ministries around a small group model, called the Community of Care, which provides foster families with unparalleled support and resources. This relationship-enhanced model scales to create local foster family capacity with built-in stability and quality, bringing children and families together in a safe, loving community.
Contact information
Mailing address:
FaithBridge Foster Care
2555 Northwinds Parkway
Suite 500
Alpharetta, GA 30009
Website: faithbridgefostercare.org
Phone: 678-690-7100
Email: [email protected]
Organization details
EIN: 205162251
CEO/President: Bob Bruder-Mattson
Chairman: Richard L. Jackson
Board size: 5
Founder: Wayne Stolz and Bill Hancock
Ruling year: 2007
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2013
Purpose
Our vision is for every foster child to experience the hope, healing and unconditional love of Jesus Christ.
We believe the answer to solving the foster care crisis is the church.
This is why we partner with local churches. A Christ-centered foster care ministry not only allows churches to care for vulnerable children and their families but also provides a way to support foster families and involve the local church and community in meeting the need.
There are more than 60 million evangelical Christians participating in over 300,000 churches nationwide. This provides an incredible opportunity to engage in foster care ministry. With its existing infrastructure and caring congregants, each individual local church and its community of believers can be the solution to the local foster care problem.
Mission statement
Our mission is to mobilize, organize, and equip local churches to solve their community's foster care crisis.
Statement of faith
As a Christ-centered organization, the sole basis of our beliefs is the Bible. What we believe is core to everything we do at FaithBridge.
About the Scriptures: We believe the entire Bible is the inspired Word of God and that men were moved by the Spirit of God to write the very words of Scripture. Therefore, we believe the Bible is without error. (1 Thessalonians 2:13; 2 Timothy 3:16-17)
About God: We believe in one God who exists in three distinct persons (the Trinity): Father, Son, and Holy Spirit. (Matthew 28:19; John 10:30; Ephesians 4:4-6)
About Jesus: We believe that Jesus Christ is the Son of God. That He became flesh to reveal God's love to humanity and to become the Savior of the world. We believe in His virgin birth, in His sinless life, in His miracles, in His death and resurrection, and that He will someday return in power and glory to claim His bride the Church for eternity. (Matthew 1:23; John 1:1-4; John 1:29; Acts 1:11; Acts 2:22-24; Romans 8:34, 1 Corinthians 15:3-4; 2 Corinthians 5:21; Philippians 2:5-11; Hebrews 1:1-4; Hebrews 4:15)
About Humanity: We believe that all people were created in the image of God to have fellowship with Him but became alienated in that relationship through sinful disobedience. As a result, people are incapable of regaining a right relationship with God through their own efforts. (Genesis 1:27; Ezekiel 37:27; Isaiah 59:2; Romans 6:23)
About Salvation: We believe that the blood of Jesus Christ, shed on the cross, provides the sole basis for the forgiveness of sin. Therefore, God freely offers salvation to those who place their faith in the death and resurrection of Christ as sufficient payment for their sin. (Luke 24:46-47; John 14:6; Acts 4:12; Romans 3:23; 2 Corinthians 5:10-11; Ephesians 1:7, Ephesians 2:8-9; Titus 3:4-7)
About the Holy Spirit: We believe that the Spirit of God leads people to faith in Jesus Christ. That once an individual becomes a Christian, that the Holy Spirit imparts new life to them and empowers them to live godly lives. (John 3:5-8;Acts 1:8; Acts 4:31; Romans 8:9; 1 Corinthians 2:14; Galatians 5:16-18; Ephesians 6:12)
About Eternity: We believe that those who accept Jesus Christ as Savior and Lord will reign with Him in eternity, while those who do not repent of their sins and believe will be separated from Him for eternity. (1 Corinthians 15:51-57; Revelation 20:11-15)
About the Christian Life: We believe all Christians should live for Christ and not for themselves. By obedience to the Word of God and daily surrender to the Holy Spirit, every believer should mature and be conformed to the image of Christ. (Galatians 2:20; Romans 8:29; Philippians 1:21)
About the Church: We believe that the church is the Body of Christ, of which Jesus Christ is the head. The members of the church are those who have trusted by faith the finished work of Christ. The purpose of the church is to glorify God by loving Him and by making Him known to the lost world. (1 Corinthians 12:12, 27; Ephesians 1:22-23)
About Sexuality, Marriage and Family: We believe God's plan for human sexuality is to be expressed only within the context of monogamous marriage between one man and one woman. That the family unit is foundational to God's plan for humanity, and that God has ordained marriage as its centerpiece. (Genesis 2:24; Matthew 19:5-6; Mark 10:6-9; Romans 1:26-27; 1 Corinthians 6:9.)
About Caring for Orphans: We believe God has called the Church to care for foster children who are today's orphans. That He places foster children in Christian foster families so they can experience the unconditional love of Jesus Christ. (Psalm 10:14; Psalm 68:6; James 1:27)
About Loving People: We believe that God created all human beings in His image, that human life is sacred from conception to its natural end. That every person should be treated with love, compassion, kindness, respect and dignity following Christ's example (Psalm 139:13; Isaiah 49:1; Jeremiah 1:5; Matthew 22:37-39; Romans 12:20-21; Galatians 6:10)
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Adoption/Foster Care
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 131 of 1117 | 6 of 41 |
| Fund acquisition rating | | 716 of 1118 | 22 of 41 |
| Resource allocation rating | | 85 of 1118 | 6 of 41 |
| Asset utilization rating | | 64 of 1117 | 2 of 41 |
According to the organization's Form 990, it received $25,000 in government grants in 2023.
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 15% | 16% | 16% | 39% | 29% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 4% | 3% | 3% | 3% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 72% | 23% | 16% | 17% | 7% | 12% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 3% | 3% | 3% | 3% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 28% | 77% | 84% | 83% | 93% | 88% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 88% | 89% | 90% | 90% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 102% | 96% | 90% | 100% | 100% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 91% | 86% | 81% | 90% | 88% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | -2% | 4% | 10% | 0% | 0% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | -13% | 19% | 62% | 3% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 8% | 8% | 7% | 7% | 8% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.83 | 4.12 | 3.25 | 3.82 | 4.61 | 6.53 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.35 | 1.13 | 1.08 | 1.12 | 1.05 | 1.14 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.54 | 4.65 | 3.50 | 4.27 | 4.82 | 7.46 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.29 | 2.92 | 3.28 | 2.82 | 2.54 | 1.61 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.10 | 0.34 | 0.30 | 0.35 | 0.39 | 0.62 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.16 | 1.70 | 2.39 | 1.81 | 1.51 | 0.61 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 30% | 28% | 32% | 69% | 54% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 32% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 97% | 17% | 22% | 18% | 7% | 7% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $1,073,951 | $1,361,272 | $1,001,203 | $827,252 | $291,617 |
| Receivables, inventories, prepaids | $659,095 | $741,916 | $611,785 | $647,206 | $591,958 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,733,046 | $2,103,188 | $1,612,988 | $1,474,458 | $883,575 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $222,040 | $158,174 | $190,252 | $68,196 | $124,669 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $222,040 | $158,174 | $190,252 | $68,196 | $124,669 |
| Total assets | $1,955,086 | $2,261,362 | $1,803,240 | $1,542,654 | $1,008,244 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $592,977 | $546,244 | $461,373 | $525,878 | $448,090 |
| Other current liabilities | $1,028 | $94,443 | $110,073 | $55,716 | $100,925 |
| Total current liabilities | $594,005 | $640,687 | $571,446 | $581,594 | $549,015 |
| Debt | $0 | $0 | $0 | $489,752 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $489,752 | $0 |
| Total liabilities | $594,005 | $640,687 | $571,446 | $1,071,346 | $549,015 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $1,099,253 | $1,552,619 | $1,214,613 | $455,127 | $444,989 |
| With donor restrictions | $261,828 | $68,056 | $17,181 | $16,181 | $14,240 |
| Net assets | $1,361,081 | $1,620,675 | $1,231,794 | $471,308 | $459,229 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $1,836,723 | $1,232,571 | $1,318,383 | $471,831 | $760,003 |
| Program service revenue | $6,072,451 | $6,469,874 | $6,315,630 | $6,639,595 | $5,823,424 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $9,227 | ($406) | $0 | $0 | $0 |
| Other revenue | ($51,558) | ($37,378) | $18,105 | $14,012 | $16,423 |
| Total other revenue | $6,030,120 | $6,432,090 | $6,333,735 | $6,653,607 | $5,839,847 |
| Total revenue | $7,866,843 | $7,664,661 | $7,652,118 | $7,125,438 | $6,599,850 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $7,122,373 | $6,578,661 | $6,226,383 | $6,399,991 | $5,831,011 |
| Management and general | $648,928 | $576,294 | $451,446 | $530,427 | $538,369 |
| Fundraising | $279,100 | $196,857 | $213,803 | $182,941 | $219,474 |
| Total expenses | $8,050,401 | $7,351,812 | $6,891,632 | $7,113,359 | $6,588,854 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | ($183,558) | $312,849 | $760,486 | $12,079 | $10,996 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($183,558) | $312,849 | $760,486 | $12,079 | $10,996 |
Compensation
| Name | Title | Compensation |
| David Deal | VP Marketing and Community Engagement | $218,754 |
| Jessi Esterling | VP of Foster Care Ops | $179,524 |
| Kelvin Stewart | Vice President of Finance | $141,461 |
Compensation data as of: 12/31/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/13/2024. To update the information below, please email: [email protected]
History
It all started with a big idea and some good coffee.
That idea came together one day over breakfast when Co-Founders Wayne Stolz and Bill Hancock grabbed a napkin to jot down their ideas. The plan? To develop a ministry that could enable local churches to recruit, train, and sustain parents who take on the challenging role of fostering. Both men knew the difference a loving, Christian family could make.
That early work also created our Community of Care program. This model relies on church support to supply mentors, volunteers, babysitting care, support with meals and more.
FaithBridge launched in 2007 as Cornerstone Family Services, initially funded through a grant from Mt. Bethel United Methodist Church. That summer, we were excited to place our first four children.
In 2008, we were able to expand our operation when Rick Jackson, the entrepreneur behind Jackson Healthcare, joined forces with us, becoming an investor and partner. The following year, FaithBridge Foster Care was officially established. Since then, we've grown into one of the largest private child placement agencies in Georgia.
As we continue to grow, our goal remains the same: to be a positive, Christ-centered change in foster care. Our plan is to equip local churches to be a foster care solution in their community. We believe that together we can reach these children and families with God's life-changing love.