Foundationone FY2022 filing

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To raise and manage funds to provide student scholarships and tuition grants for students attending upper columbia academy.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 73-1710393) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $856K a year · 54% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
71% of spending went to programs.
Pt IX · Ln 25 · col B
2.6 mo
of spending, in cash
Plus $4.3M in investments, Pt X · Ln 11–13
2.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $72K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.6M
+543% vs prior year
Spent
$421K
To programs
71%
Net assets
$5.5M
By yearFY2021–FY2025
Revenue
$2.6M
FY2022▲ +543%
Tap a bar for its year
Revenue by fiscal year
FY2021$397K
FY2022$2.6M
FY2023$1.2M
FY2024$1.5M
FY2025$2.2M
Expenses
$421K
FY2022▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2021$307K
FY2022$421K
FY2023$864K
FY2024$1.3M
FY2025$670K
Net assets
$5.5M
FY2022▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.1M
FY2022$5.5M
FY2023$6.1M
FY2024$6.7M
FY2025$8.4M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2005.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $298K Management & general 23% · $99K Fundraising 6% · $24K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Linda Klinger’s $52K as Executive Director is at the 8th percentile of top reported officer pay among 3395 $1–10M education 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 Foundationone executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides scholarships and tuition grants for students attending Upper Columbia Academy.

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1 program · $298K · in their own filed words · FY2021
01

The organization gave upper columbia academy $273,500 for student grants.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 73-1710393) · Dispute this line
$298Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$72K
See all 3 funders →
Grants paid · 3 grants · $1.1M · 2020–2022
Upper Columbia AcademyWA · FY2022$641,631
Upper Columbia AcademyWA · FY2021$273,500
Upper Columbia AcademyWA · FY2020$184,125

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$241K
Investment incomeLn 3$228K
Money outPt IX
$421K
Ln 25
Programscol B$298K
Managementcol C$99K
Fundraisingcol D$24K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$5.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$11K
Fundraising eventsLn 1c$18K
Investment incomeLn 3$228K
Other incomeLn 4–11$241K
Gains on assetsLn 7$241K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$72K
Cash and savings togetherLn 1–2$91K
Pledges and grants receivableLn 3$1.0M
InvestmentsLn 11–13$4.3M
Other assetsLn 15$115K
Total assetsLn 16$5.5M
LiabilitiesLn 26$0
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$140K$91K
InvestmentsLn 11–13$3.9M$4.3M
Total assetsLn 16$4.1M$5.5M
LiabilitiesLn 26$12K$0
Net assetsLn 32$4.1M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$274K$274K
Pay of officers and key staff (Part IX, line 5)Ln 5$67K$22K$22K$22K
Payroll taxesLn 10$6K$2K$2K$2K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$26K$26K
TravelLn 17$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$40K$40K
Total functional expensesLn 25$421K$298K$99K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $2.2M$670K$1.6M$8.4M 990 PDF
FY2024Filed with the IRS May 13, 2025 $1.5M$1.3M$161K$6.7M 990 PDF
FY2023Filed with the IRS May 13, 2024 $1.2M$864K$330K$6.1M 990 PDF
FY2022 ViewingFiled with the IRS May 11, 2023 $2.6M$421K$2.1M$5.5M 990 PDF
FY2021Filed with the IRS May 16, 2022 $397K$307K$90K$4.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $2,555,330 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $345,385$2,086,382
I-9 Program service revenue$0
I-10 Investment incomePrior year $52,024$468,948
I-11 Other revenue$0
I-12 Total revenuePrior year $397,409$2,555,330
I-13 Grants and similar amounts paidPrior year $184,125$273,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $57,378$72,537
I-16a Professional fundraising feesPrior year $1,994$0
I-17 Other expensesPrior year $63,513$74,466
I-18 Total expensesPrior year $307,010$420,503
I-19 Revenue less expensesPrior year $90,399$2,134,827
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,555,330 across 7 lines filed
VIII-1c Fundraising events$18,088
VIII-1e Government grants$10,900
VIII-1f All other contributions, gifts and grants$2,057,394
VIII-1h Total contributions, gifts and grants$2,086,382
VIII-3 Investment incomeExcluded from tax $228,003$228,003
VIII-7 Net gain or loss on sales of assetsExcluded from tax $240,945$240,945
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $468,948$2,555,330
Part IX · Statement of functional expenses $420,503 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $273,500$273,500
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $22,270 · Management $22,270 · Fundraising $22,270$66,810
IX-10 Payroll taxesPrograms $1,909 · Management $1,909 · Fundraising $1,909$5,727
IX-11c Accounting feesManagement $4,875$4,875
IX-11f Investment management feesManagement $25,883$25,883
IX-17 TravelManagement $1,942$1,942
IX-23 InsuranceManagement $1,642$1,642
IX-24 Other expenses (24a–d)Management $40,124$40,124
IX-25 Total functional expensesPrograms $297,679 · Management $98,645 · Fundraising $24,179$420,503
Part X · Balance sheet $5,521,712 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $8,154$19,268
X-2 Savings and temporary cash investmentsStart of year $132,308$71,786
X-3 Pledges and grants receivableStart of year $1,780$1,000,000
X-11 Publicly traded securitiesStart of year $3,853,665$4,315,417
X-15 Other assetsStart of year $139,525$115,241
X-16 Total assetsStart of year $4,135,432$5,521,712
X-26 Total liabilitiesStart of year $12,140$0
X-27 Net assets without donor restrictionsStart of year −$3,665$70,830
X-28 Net assets with donor restrictionsStart of year $4,126,957$5,450,882
X-32 Total net assets or fund balancesStart of year $4,123,292$5,521,712
X-33 Total liabilities and net assetsStart of year $4,135,432$5,521,712
Part XI · Reconciliation of net assets $5,521,712 net assets at year end
XI-1 Total revenue$2,555,330
XI-2 Total expenses$420,503
XI-3 Revenue less expenses$2,134,827
XI-4 Net assets at start of year$4,123,292
XI-5 Net unrealized gains (losses) on investments−$736,407
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,521,712

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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