Foundationone FY2024 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, FY2024. 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.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
1.6 mo
of spending, in cash
Plus $6.4M in investments, Pt X · Ln 11–13
1.6 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
$623K
8% of total assets
Liabilities are 8% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.5M
+23% vs prior year
Spent
$1.3M
To programs
84%
Net assets
$6.7M
By yearFY2021–FY2025
Revenue
$1.5M
FY2024▲ +23%
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
$1.3M
FY2024▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021$307K
FY2022$421K
FY2023$864K
FY2024$1.3M
FY2025$670K
Net assets
$6.7M
FY2024▲ +11%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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

84 cents of each dollar spent went to programs.

Program services 84% · $1.1M Management & general 12% · $154K Fundraising 4% · $54K

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
President
$0Pt VII · Sec A
Vice 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 · $1.1M · in their own filed words · FY2023
01

The organization gave upper columbia academy $260,900 for student grants and $788,917 for campus infrastructure improvements.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 73-1710393) · Dispute this line
$1.1Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$176K
Other incomeLn 4–11$51K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$154K
Fundraisingcol D$54K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$177K
Total assetsLn 16$7.4M
LiabilitiesLn 26$623K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$176K
Other incomeLn 4–11$51K
Gains on assetsLn 7$51K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$158K
Cash and savings togetherLn 1–2$177K
Pledges and grants receivableLn 3$616K
InvestmentsLn 11–13$6.4M
Other assetsLn 15$129K
Total assetsLn 16$7.4M
LiabilitiesLn 26$623K
Net assetsLn 32$6.7M
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 FY24End FY24
Cash and savingsLn 1–2$179K$177K
InvestmentsLn 11–13$5.6M$6.4M
Total assetsLn 16$6.1M$7.4M
LiabilitiesLn 26$5K$623K
Net assetsLn 32$6.1M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Other salaries and wagesLn 7$139K$46K$46K$46K
Pension plan contributionsLn 8$3K$1K$1K$1K
Payroll taxesLn 10$18K$6K$6K$6K
Investment management feesLn 11f$34K$34K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$65K$65K
Total functional expensesLn 25$1.3M$1.1M$154K$54K

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
FY2024 ViewingFiled 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
FY2022Filed 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 FY2024 990
Part I · Summary $1,471,929 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,091,523$1,245,030
I-9 Program service revenue$0
I-10 Investment incomePrior year $102,376$226,899
I-11 Other revenue$0
I-12 Total revenuePrior year $1,193,899$1,471,929
I-13 Grants and similar amounts paidPrior year $607,631$1,049,817
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $146,937$160,843
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $109,652$100,414
I-18 Total expensesPrior year $864,220$1,311,074
I-19 Revenue less expensesPrior year $329,679$160,855
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $1,471,929 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,245,030
VIII-1h Total contributions, gifts and grants$1,245,030
VIII-3 Investment incomeExcluded from tax $175,522$175,522
VIII-7 Net gain or loss on sales of assetsExcluded from tax $51,377$51,377
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $226,899$1,471,929
Part IX · Statement of functional expenses $1,311,074 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $1,049,817$1,049,817
IX-7 Other salaries and wagesPrograms $46,481 · Management $46,481 · Fundraising $46,480$139,442
IX-8 Pension plan contributionsPrograms $1,161 · Management $1,161 · Fundraising $1,161$3,483
IX-10 Payroll taxesPrograms $5,973 · Management $5,973 · Fundraising $5,972$17,918
IX-11f Investment management feesManagement $33,830$33,830
IX-23 InsuranceManagement $1,506$1,506
IX-24 Other expenses (24a–d)Management $65,078$65,078
IX-25 Total functional expensesPrograms $1,103,432 · Management $154,029 · Fundraising $53,613$1,311,074
Part X · Balance sheet $7,371,989 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $4,040$18,236
X-2 Savings and temporary cash investmentsStart of year $175,360$158,375
X-3 Pledges and grants receivableStart of year $150,910$616,500
X-11 Publicly traded securitiesStart of year $5,624,519$6,449,831
X-15 Other assetsStart of year $107,151$129,047
X-16 Total assetsStart of year $6,061,980$7,371,989
X-25 Other liabilitiesStart of year $4,894$622,787
X-26 Total liabilitiesStart of year $4,894$622,787
X-27 Net assets without donor restrictionsStart of year $6,506−$30,546
X-28 Net assets with donor restrictionsStart of year $6,050,580$6,779,748
X-32 Total net assets or fund balancesStart of year $6,057,086$6,749,202
X-33 Total liabilities and net assetsStart of year $6,061,980$7,371,989
Part XI · Reconciliation of net assets $6,749,202 net assets at year end
XI-1 Total revenue$1,471,929
XI-2 Total expenses$1,311,074
XI-3 Revenue less expenses$160,855
XI-4 Net assets at start of year$6,057,086
XI-5 Net unrealized gains (losses) on investments$531,261
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,749,202

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

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