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Nonprofiteer
← NATIONAL FOSTER YOUTH INSTITUTE

Form 990 for tax year 2024

Filed by NATIONAL FOSTER YOUTH INSTITUTE.

Totals

Total revenue
$1,713,514
Total expenses
$1,647,280
Contributions and grants received
$1,670,876
Grants paid
$94,099
Program service revenue
$0
Investment income
$40,789
Other revenue
$1,849
Total assets, end of year
$1,962,459
Total liabilities, end of year
$273,271
Net assets or fund balances, end of year
$1,689,188
Program services expenses (Part IX)
$1,156,248
Management and general expenses
$210,779
Fundraising expenses
$280,253
Program service expenses (Part III)
$1,156,248

Program services were 70.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,670,876

  • 3 · Investment income

    total $40,547 · excluded $40,547

  • 7a · Gross sales of assets other than inventory

    securities $50,000

  • 7b · Less cost or other basis and sales expenses

    securities $49,758

  • 7c · Gain or loss

    securities $242

  • 7d · Net gain or loss

    total $242 · excluded $242

  • 11a · Other revenue: OTHER INCOME

    total $1,849 · excluded $1,849

  • 11e · Other revenue, total

    $1,849

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,000 · program services $85,000

  • 2 · Grants to domestic individuals

    total $9,099 · program services $9,099

  • 5 · Compensation of officers, directors and key employees

    total $162,067 · program services $129,653 · management and general $16,207 · fundraising $16,207

  • 7 · Other salaries and wages

    total $734,487 · program services $574,369 · management and general $61,770 · fundraising $98,348

  • 9 · Other employee benefits

    total $49,546 · program services $38,745 · management and general $4,167 · fundraising $6,634

  • 10 · Payroll taxes

    total $72,425 · program services $56,636 · management and general $6,091 · fundraising $9,698

  • 11b · Fees: legal

    total $27,119 · management and general $27,119

  • 11c · Fees: accounting

    total $58,416 · management and general $58,416

  • 11g · Fees: other

    total $148,973 · program services $35,256 · management and general $3,302 · fundraising $110,415

  • 13 · Office expenses

    total $8,851 · program services $6,922 · management and general $744 · fundraising $1,185

  • 14 · Information technology

    total $25,302 · program services $19,786 · management and general $2,128 · fundraising $3,388

  • 17 · Travel

    total $173,341 · program services $135,553 · management and general $14,578 · fundraising $23,210

  • 19 · Conferences, conventions and meetings

    total $1,416 · program services $1,107 · management and general $119 · fundraising $190

  • 20 · Interest

    total $68 · program services $53 · management and general $6 · fundraising $9

  • 23 · Insurance

    total $9,242 · management and general $9,242

  • 24a · Other expenses: MEALS

    total $56,970 · program services $44,551 · management and general $4,791 · fundraising $7,628

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $11,653 · program services $9,113 · management and general $980 · fundraising $1,560

  • 24c · Other expenses: RENT AND UTILITIES

    total $7,646 · program services $5,979 · management and general $643 · fundraising $1,024

  • 24d · Other expenses: PROFESSIONAL DEVELOP

    total $4,221 · program services $3,301 · management and general $355 · fundraising $565

  • 24e · All other expenses

    total $1,438 · program services $1,125 · management and general $121 · fundraising $192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $694,900 · end of year $692,138

  • 3 · Pledges and grants receivable

    beginning of year $170,342 · end of year $93,363

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,317 · end of year $22,639

  • 10a · Land, buildings and equipment: cost or other basis

    $8,118

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,118

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $843,222 · end of year $1,154,319

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,250 · end of year $3,175

  • 19 · Deferred revenue

    end of year $185,000

  • 25 · Other liabilities

    beginning of year $109,885 · end of year $85,096

  • 27 · Net assets without donor restrictions

    beginning of year $775,646 · end of year $1,390,120

  • 28 · Net assets with donor restrictions

    beginning of year $827,000 · end of year $299,068

Mission and programs · 2024

Mission

NFYI EMPOWERS CURRENT AND FORMER FOSTER YOUTH, THEIR FAMILIES, AND COMMUNITIES TO USE THEIR LIVED EXPERIENCES TO BRING ABOUT IMPORTANT POLICY IMPROVEMENTS IN THE CHILD WELFARE SYSTEM NATIONWIDE.

Activities or mission (Part I)

IN FY 25, NFYI TRAINED AND MOBILIZED NEARLY 120 FOSTER YOUTH.

  • NFYI'S PROGRAMS RECRUIT AND TRAIN CURRENT/FORMER FOSTER YOUTH SO THAT 1ST-HAND EXPERIENCE CAN BE INCLUDED IN CHILD WELFARE POLICY DESIGN. IN FY25, 40 YOUNG ADULTS FROM ACROSS THE COUNTRY PARTICIPATED IN A 10-MONTH TRAINING, CULMINATING IN A WEEK SPENT IN DC, WHERE THEY SHADOWED MEMBERS OF CONGRESS AND SHARED RECOMMENDATIONS FOR FEDERAL CHILD WELFARE POLICY. IN LOS ANGELES, 30 YOUNG ADULTS ENGAGED 45 OTHER FOSTER YOUTH AS WELL AS LOCAL OFFICIALS AROUND ISSUES LIKE MENTAL HEALTH AND HOUSING. BOTH OF OUR INTERNS HELPED DEVELOP A 3-YEAR POLICY AGENDA. ACROSS PROGRAMS, YOUNG ADULTS EXPERIENCED LEADERSHIP DEVELOPMENT, MENTORSHIP, AND COMMUNITY.

    Expenses $1,156,248 · Grants $94,099

As filed on the 2024 return.

Listed in Part VII

  • Wendy Smith Meyer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • David Herbst

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Yolanda Cookie Parker

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Kim Sterton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mayor Karen Bass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Bond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Conway Collis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Nanxi Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marcus Scribner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jewels Elmore Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Judge Songhai Armstead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Louve Yao

    EXECUTIVE DIRECTOR

    Total calculated
    $159,862
    From this org
    $150,046
    From related orgs
    $0
    Other
    $9,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,046
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,816
    Filer's total
    $159,862

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202621319349306167

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