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Nonprofiteer
← FOUND VILLAGE

Form 990 for tax year 2023

Filed by FOUND VILLAGE.

Totals

Total revenue
$1,709,076
Total expenses
$1,577,249
Contributions and grants received
$1,456,566
Grants paid
$0
Program service revenue
$250,066
Investment income
$2,444
Other revenue
$0
Total assets, end of year
$901,484
Total liabilities, end of year
$605,766
Net assets or fund balances, end of year
$295,718
Program services expenses (Part IX)
$943,945
Management and general expenses
$359,562
Fundraising expenses
$273,742
Program service expenses (Part III)
$943,945

Program services were 59.8% 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.

  • 1e · Government grants (contributions)

    $218,537

  • 1f · All other contributions, gifts and grants

    $1,238,029

  • 1g · Noncash contributions included above

    $2,981

  • 2a · Program service revenue: Program Services

    total $250,066 · related or exempt $250,066

  • 3 · Investment income

    total $2,444 · excluded $2,444

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $209,881 · program services $115,282 · management and general $62,964 · fundraising $31,635

  • 7 · Other salaries and wages

    total $735,592 · program services $553,417 · management and general $59,310 · fundraising $122,865

  • 9 · Other employee benefits

    total $67,100 · program services $45,062 · management and general $12,720 · fundraising $9,318

  • 10 · Payroll taxes

    total $83,306 · program services $42,484 · management and general $35,296 · fundraising $5,526

  • 11b · Fees: legal

    total $17,963 · management and general $17,963

  • 11c · Fees: accounting

    total $58,249 · management and general $58,249

  • 11g · Fees: other

    total $79,616 · program services $4,640 · fundraising $74,976

  • 12 · Advertising and promotion

    total $15,490 · fundraising $15,490

  • 13 · Office expenses

    total $25,976 · program services $4,043 · management and general $18,367 · fundraising $3,566

  • 14 · Information technology

    total $44,556 · program services $10,562 · management and general $31,195 · fundraising $2,799

  • 16 · Occupancy

    total $44,665 · program services $28,003 · management and general $16,662

  • 17 · Travel

    total $61,808 · program services $53,183 · management and general $4,224 · fundraising $4,401

  • 20 · Interest

    total $7,700 · program services $4,608 · management and general $1,751 · fundraising $1,341

  • 22 · Depreciation, depletion and amortization

    total $8,210 · program services $4,914 · management and general $1,866 · fundraising $1,430

  • 23 · Insurance

    total $3,727 · management and general $3,727

  • 24a · Other expenses: Program activities and

    total $77,572 · program services $77,381 · fundraising $191

  • 24b · Other expenses: Training, recruitment a

    total $26,035 · management and general $25,988 · fundraising $47

  • 24c · Other expenses: Repairs and Maintenance

    total $8,919 · program services $366 · management and general $8,553

  • 24d · Other expenses: Printing and Postage

    total $884 · management and general $727 · fundraising $157

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345,753 · end of year $190,934

  • 3 · Pledges and grants receivable

    beginning of year $137,786 · end of year $398,535

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,273 · end of year $11,390

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

    $61,274

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

    $52,387

  • 10c · Land, buildings and equipment, net

    beginning of year $17,040 · end of year $8,887

  • 11 · Investments: publicly traded securities

    beginning of year $11,976 · end of year $48,591

  • 14 · Intangible assets

    beginning of year $509 · end of year $840

  • 15 · Other assets

    beginning of year $39,330 · end of year $242,307

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,885 · end of year $83,559

  • 24 · Unsecured notes and loans payable

    beginning of year $279,900 · end of year $279,900

  • 25 · Other liabilities

    beginning of year $39,330 · end of year $242,307

  • 27 · Net assets without donor restrictions

    beginning of year $13,502 · end of year $260,844

  • 28 · Net assets with donor restrictions

    beginning of year $149,050 · end of year $34,874

Mission and programs · 2023

Mission

We create conditions for young people to thrive. We do this by creating a community of care for young people who have not achieved success despite the efforts of other agencies. Our vision is to ensure that every young person and their future generations are no longer system involved and living a full life.

  • Coaching and Mentoring: While some social systems attempt to "parent" the youth that they serve, the results of involvement in these systems for the youth that they serve indicate that they often fail to achieve results. For one example, only 13% of foster youth in the United States ever mobilize out of poverty as adults. When young people reach the age range of 18-21, they lose eligibility for the services that have sustained them and are left with no formal support. We seek to provide a community that can encourage stability for system-involved youth, helping them to reduce major disruptive life events (i.e., hospitalization, arrest, running away, and suspension).

    Expenses $725,978 · Revenue $175,046

  • Experiences and Enrichment:Enrichment opportunities give our youth the opportunity to explore their interests and talents, a luxury that many of them have not received prior to joining Found Village. Enrichment activities offered to youth by our partners include training in the arts, sports, and activities in natural spaces, all of which provide our young people with a chance to examine their talents and interests. The Coaching and Enrichment program seeks to 1) embed teens in a network of healthy adult and peer relationships, while 2) providing opportunities to explore, identify, and enhance personal skills, thereby 3) increasing our young peoples' sense of belonging and increasing their power and autonomy. In the past year, we have seen that young people who engage with Found Village consistently possess a stronger sense of belonging, report having more safe relationships with peers and adults, and become healthier. Case in point: over the past year, several young people have been able to identify the potential of a major life disruption before it happened and engage with their coach and community to mitigate that circumstance. We have seen young people dream big about their futures, be more open to friendships with other youth, and become more successful in school. The following positive outcomes indicate the successes we have seen in the last year: 76% of youth have been engaged in program activities for 10 or more hours. We have found that engagement positively correlates with the well-being of young people and their overall success in school. The majority of our youth report that they have more friendships and feel a stronger sense of power and autonomy in their lives. We are working towards 100% outcomes in all these areas. This past year success is as followed:Short Term (Stability): 90% of teens referred agree to participate in our program within 60 days of referral. Instances of disruptive events (e.g., hospitalization, suspension, arrest) drop by 50% for each teen. 90% of teens receive consistent access to essential resources including food, clothing, and school supplies. Mid-Term (Growth): 100% of teens are paired with our coaching team and create a customized growth plan. 90% of eligible teens graduate High School. 100% teens report that they have explored their interests and skills through enrichment programming. Long-Term (Launch): 70% young people report that they have/maintain at least three healthy adult and peer relationships. 100% young people can identify two spaces in the community that are safe and supportive for them (e.g., a library, rec center, community organization, or volunteer opportunity). 70% young people demonstrate that they can alert their community before a crisis event occurs and work to limit disruptions. 30% All young people maintain stable employment at a job which pays $15/hr or more and offers opportunities for upward mobility. 30% of young people maintain stable housing arrangements for at least six months.

    Expenses $217,967 · Revenue $75,020

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lisa Williams-Nelson

    Trustee Exit-12/23

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Scott

    Trustee Exit-12/23

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Frey

    Trustee Exit-12/23

    Total calculated
    $0
    Hours/week
    1
  • Ashton Wilson

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Christina Duffy

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Michael Moore

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Hammad Siddiqi

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Brian Pfeiffer

    Trustee Start 07/23

    Total calculated
    $0
    Hours/week
    1
  • Addison Hobbs

    Trustee Start 07/23

    Total calculated
    $0
    Hours/week
    1
  • Katie Nzekwu

    CoExecutive Director

    Total calculated
    $84,562
    From this org
    $72,973
    From related orgs
    $0
    Other
    $11,589
    Hours/week
    40
  • Iloba Nzekwu

    CoExecutive Director

    Total calculated
    $125,319
    From this org
    $114,774
    From related orgs
    $0
    Other
    $10,545
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349311150

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