Forward Steps Foundation
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Forward Steps Foundation does not meet the following 1 Standards for Charity Accountability:
Standard 11 (Financial Statements)
Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.
FSF does not meet this Standard because:
- Although the organization reported total revenue in the amount of $538,577 for 2024, FSF states it does not have CPA-reviewed financial statements.
Forward Steps Foundation meets the remaining 19 Standards for Charity Accountability.
Stated Purpose:
"to advance equitable access along the education and workforce development continuum in Colorado serving youth and young adults facing adversity."
Year, State Incorporated:
2006, CO
Forward Steps Foundation (FSF) reports that it provides support, mentorship, and guidance to Colorado youth entering the workforce or completing postsecondary education. The organization’s Realizing Aptitudes program provides individualized, trauma-informed career and postsecondary readiness coaching for youth aged 14-25 who may be dealing with financial stress, housing instability, mental health challenges, or limited adult guidance. Realizing Aptitudes students receive one-on-one and small group career coaching, access to work-based learning opportunities, and support in identifying career and technical education pathways, apprenticeships, or other postsecondary options. FSF’s Guardian Scholars program serves current and former foster youth ages 18-26 with financial support, one-on-one mentoring, and other supports as they enroll, pursue, and complete their postsecondary education. Guardian Scholars are eligible for financial support to assist in education-related expenses, emergency needs, housing, food, transportation, healthcare, and childcare expenses.
For the year ended December 31, 2024, Forward Steps Foundation's program expenses were:
| Realizing aptitudes | $180,155 |
| Guardian scholars | $162,554 |
| Total Program Expenses | $342,709 |
Chief Executive
Jennifer Falkoski, Executive Director
Compensation*
$111,802
Chair of the Board
Robert Morrison Tiernan
Chair's Profession / Business Affiliation
Consultant
Board Size
6
Paid Staff Size
5
*2024 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Telephone appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Workplace Giving
Fundraising costs were 14% of related contributions. (Related contributions, which totaled $539,770, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Forward Steps Foundation's IRS Form 990 for the year ended December 31, 2024.
Source of Funds
| Contributions | $539,770 |
| Total Income | $538,577 |
Programs: 75% Fundraising: 16% Administrative: 9%
| Total Income | $538,577 |
| Total expenses: | $458,297 |
| Program expenses | $342,709 |
| Fundraising expenses | $73,661 |
| Administrative expenses | $41,927 |
| Other expenses | $0 |
| Income in Excess of Expenses | $80,280 |
| Beginning Net Assets | $214,150 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $294,430 |
| Total Liabilities | $6,592 |
| Total Assets | $301,022 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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