Foster Your Future: FY2024 Nonprofit Profile & Form 990 (EIN 47-3468485)

Revenue by fiscal year
FY2020	$67K
FY2021	$87K
FY2022	$137K
FY2023	$156K
FY2024	$242K
FY2025	$241K

Expenses by fiscal year
FY2020	Not on file
FY2021	Not on file
FY2022	Not on file
FY2023	Not on file
FY2024	$237K
FY2025	$233K

Net assets by fiscal year
FY2020	$35K
FY2021	$28K
FY2022	$37K
FY2023	$53K
FY2024	$59K
FY2025	$67K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

77%

22%

Program services 77% · $183K Management & general 22% · $52K Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Virginia Paulsen

Director

$0Pt VII · Sec A

Randy D Paulsen

Director

$0Pt VII · Sec A

Jennifer Doran-Pena’s $75K as Board Member is at the 66th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Foster Your Future executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides educational support, housing, food, and essentials for young adults in foster care.

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Provided by the organization

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1 program · $183K · in their own filed words · FY2024

01

Providing housing and education for young adults that have exited the foster care system.

$183Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Vcj Family FoundationFY2025$25K

Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$242K

Ln 12

Gifts and grantsLn 1h$242K

Money outPt IX

$237K

Ln 25

Programscol B$183K

Managementcol C$52K

Fundraisingcol D$2K

Owns and owesPt X

$59K

net assets · Ln 32

Cash and savingsLn 1–2$58K

Total assetsLn 16$59K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$242K

Noncash giftsLn 1g$26

Total revenueLn 12$242K

Assets in detailPt X, end of year

CashLn 1$58K

Cash and savings togetherLn 1–2$58K

Other assetsLn 15$748

Total assetsLn 16$59K

LiabilitiesLn 26$0

Net assetsLn 32$59K

OperationsPt I, VI

EmployeesI 51

VolunteersI 671

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$53K	$58K
Total assetsLn 16	$53K	$59K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$53K	$59K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$34K	$27K	$5K	$2K
Payroll taxesLn 10	$7K	$6K	$1K	$365
Legal feesLn 11b	$800		$800
Accounting feesLn 11c	$3K		$3K
Other fees for servicesLn 11g	$34K		$34K
Advertising and promotionLn 12	$4K		$4K
Office expensesLn 13	$3K		$3K
Information technologyLn 14	$315		$315
Other expenses (24a–d)Ln 24	$150K	$150K	$407
Total functional expensesLn 25	$237K	$183K	$52K	$2K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$241K	$233K	$8K	$67K	990 PDF
FY2024 Viewing	$242K	$237K	$5K	$59K	990 PDF
FY2023	$156K			$53K	990 PDF
FY2022	$137K			$37K	990 PDF
FY2021	$87K			$28K	990 PDF
FY2020	$67K			$35K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $242,256 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $156,462$242,256

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $156,462$242,256

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $3,456$41,523

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $136,540$195,517

I-18 Total expensesPrior year $139,996$237,040

I-19 Revenue less expensesPrior year $16,466$5,216

Part VI · Governance 2 of 6 board members independent, 2 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $242,256 across 4 lines filed

VIII-1f All other contributions, gifts and grants$242,256

VIII-1g Noncash contributions (included above)$26

VIII-1h Total contributions, gifts and grants$242,256

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$242,256

Part IX · Statement of functional expenses $237,040 across 9 lines filed

IX-7 Other salaries and wagesPrograms $27,396 · Management $5,137 · Fundraising $1,712$34,245

IX-10 Payroll taxesPrograms $5,821 · Management $1,092 · Fundraising $365$7,278

IX-11b Legal feesManagement $800$800

IX-11c Accounting feesManagement $2,900$2,900

IX-11g Other fees for servicesManagement $34,447$34,447

IX-12 Advertising and promotionManagement $3,953$3,953

IX-13 Office expensesManagement $2,819$2,819

IX-14 Information technologyManagement $315$315

IX-24 Other expenses (24a–d)Programs $149,876 · Management $407$150,283

IX-25 Total functional expensesPrograms $183,093 · Management $51,870 · Fundraising $2,077$237,040

Part X · Balance sheet $58,553 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $52,553$57,805

X-15 Other assetsStart of year $748$748

X-16 Total assetsStart of year $53,301$58,553

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $53,301$58,553

X-33 Total liabilities and net assetsStart of year $53,301$58,553

Part XI · Reconciliation of net assets $58,553 net assets at year end

XI-1 Total revenue$242,256

XI-2 Total expenses$237,040

XI-3 Revenue less expenses$5,216

XI-4 Net assets at start of year$53,301

XI-9 Other changes in net assets$36

XI-10 Net assets at end of year$58,553

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Foster Your Future FY2024 filing

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