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Nonprofiteer
← NATIONAL FOSTER YOUTH INSTITUTE

Form 990 for tax year 2023

Filed by NATIONAL FOSTER YOUTH INSTITUTE.

Totals

Total revenue
$1,038,000
Total expenses
$1,657,285
Contributions and grants received
$1,019,092
Grants paid
$91,080
Program service revenue
$0
Investment income
$9,992
Other revenue
$8,916
Total assets, end of year
$1,714,781
Total liabilities, end of year
$112,135
Net assets or fund balances, end of year
$1,602,646
Program services expenses (Part IX)
$1,057,581
Management and general expenses
$490,952
Fundraising expenses
$108,752
Program service expenses (Part III)
$1,057,581

Program services were 63.8% 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.

  • 1c · Fundraising events

    $253,987

  • 1f · All other contributions, gifts and grants

    $765,105

  • 3 · Investment income

    total $9,992 · excluded $9,992

  • 8a · Fundraising events: gross income

    $15,500

  • 8a · Fundraising events: contributions included on line 1c

    $253,987

  • 8b · Fundraising events: direct expenses

    $8,609

  • 8c · Net income from fundraising events

    total $6,891 · excluded $6,891

  • 11a · Other revenue: OTHER INCOME

    total $2,025 · excluded $2,025

  • 11e · Other revenue, total

    $2,025

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $80,911 · program services $80,911

  • 2 · Grants to domestic individuals

    total $10,169 · program services $10,169

  • 5 · Compensation of officers, directors and key employees

    total $157,237 · program services $96,842 · management and general $56,621 · fundraising $3,774

  • 7 · Other salaries and wages

    total $691,413 · program services $425,909 · management and general $249,002 · fundraising $16,502

  • 9 · Other employee benefits

    total $83,510 · program services $51,434 · management and general $30,072 · fundraising $2,004

  • 10 · Payroll taxes

    total $71,937 · program services $42,043 · management and general $28,343 · fundraising $1,551

  • 11b · Fees: legal

    total $880 · management and general $880

  • 11c · Fees: accounting

    total $32,119 · management and general $32,119

  • 11g · Fees: other

    total $160,586 · program services $49,476 · management and general $39,954 · fundraising $71,156

  • 13 · Office expenses

    total $23,354 · program services $9,040 · management and general $10,554 · fundraising $3,760

  • 14 · Information technology

    total $18,721 · program services $7,257 · management and general $9,040 · fundraising $2,424

  • 16 · Occupancy

    total $8,941 · program services $5,642 · management and general $3,299

  • 17 · Travel

    total $201,805 · program services $189,141 · management and general $5,563 · fundraising $7,101

  • 19 · Conferences, conventions and meetings

    total $69,192 · program services $66,737 · management and general $1,975 · fundraising $480

  • 20 · Interest

    total $179 · management and general $179

  • 23 · Insurance

    total $19,043 · management and general $19,043

  • 24a · Other expenses: HONORARIUM

    total $10,308 · program services $10,308

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $7,861 · program services $7,861

  • 24c · Other expenses: RECOGNITION AND GIFTS

    total $4,425 · program services $4,425 · fundraising $0

  • 24d · Other expenses: BANK AND MERCHANT FEES

    total $4,033 · program services $0 · management and general $4,033

  • 24e · All other expenses

    total $661 · program services $386 · management and general $275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $268,217 · end of year $694,900

  • 3 · Pledges and grants receivable

    beginning of year $1,071,611 · end of year $170,342

  • 4 · Accounts receivable

    beginning of year $77,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,592 · end of year $6,317

  • 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 $899,251 · end of year $843,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,547 · end of year $2,250

  • 25 · Other liabilities

    beginning of year $125,961 · end of year $109,885

  • 27 · Net assets without donor restrictions

    beginning of year $1,371,763 · end of year $775,646

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

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 24, NFYI TRAINED AND MOBILIZED NEARLY 100 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 FY24, 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 HELPED OTHER FOSTER YOUTH AND ENGAGED CITY AND COUNTY OFFICIALS AROUND ISSUES LIKE AFFORDABLE HOUSING AND MENTAL HEALTH. OUR NATIONAL INTERNSHIP PROGRAM PAVED THE WAY FOR EXPANDING PARTNERSHIPS WITH FOSTER YOUTH IN VARIOUS STATES. ACROSS NFYI'S PROGRAMS, YOUNG ADULTS EXPERIENCED PROFESSIONAL AND LEADERSHIP DEVELOPMENT, MENTORSHIP, AND STRONGER COMMUNITY.

    Expenses $1,057,581 · Grants $91,080

As filed on the 2023 return.

Listed in Part VII

  • Wendy Smith Meyer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Karen Bass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Bond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Conway Collis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • David Herbst

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Nanxi Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Yolanda Parker

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Marcus Scribner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Sterton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jewels Elmore Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Rebecca Louve Yao

    EXECUTIVE DIRECTOR

    Total calculated
    $159,176
    From this org
    $150,068
    From related orgs
    $0
    Other
    $9,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,068
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,108
    Filer's total
    $159,176

  • Lazara Marin

    PROGRAMS DIRECTOR

    Total calculated
    $126,109
    From this org
    $117,552
    From related orgs
    $0
    Other
    $8,557
    Hours/week
    40

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
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202511229349302021

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