philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Fdm Foundation

Tax-deductible

Raleigh, NC501(c)(3)Education EIN 81-3133535Revenue $5.3M in FY2024Latest return filed Nov 17, 2025

On file with the IRSRaleigh, NCTax-exempt since Sep 2017Supporting org, Type I — 509(a)(3)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $2,500 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

To support the activities and purposes of the faith driven movements (Fdm), its sole member, whose mission is to develop content and facilitate community to mobilize people to use their time, talents, and other resources in the marketplace.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3133535) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $232K a year · 6% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.5 mo
of spending, in cash
1.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $180K
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
2
of 3 voting members
2 of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$5.3M
+45% vs prior year
Spent
$4.8M
To programs
99%
Net assets
$616K
By yearFY2020–FY2024
Revenue
$5.3M
FY2024▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020Not on file
FY2022$3.3M
FY2023$3.7M
FY2024$5.3M
Expenses
$4.8M
FY2024▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2022$4.3M
FY2023$3.9M
FY2024$4.8M
Net assets
$616K
FY2024▲ +350%
Tap a bar for its year
Net assets by fiscal year
FY2020Not on file
FY2022$328K
FY2023$137K
FY2024$616K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $4.8M Management & general 0% · $3K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Justin C Forman
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fdm Foundation 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

Mobilizes people to use their time, talents, and resources in the marketplace.

Questions for Fdm Foundation

Tap to ask. Fdm Foundation sees how many people are interested.

Your first name shows with your question. Fdm Foundation answers here, for everyone.

1 program · $4.8M · in their own filed words · FY2024
01

FDM foundation supports the activities and purposes of the faith driven movements (FDM), its sole member, whose mission is to develop content and facilitate community to mobilize people to use their time, talents, and other resources in the marketplace.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3133535) · Dispute this line
$4.8Mprogram 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 · FY2024
Natl Christian Charitable Fdn INCFY2024$120K
Servant FoundationFY2024$50K
The Signatry Charitable TrustFY2024$10K
Total grants receivedfrom 3 funders$180K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.3M
Ln 12
Gifts and grantsLn 1h$5.3M
Money outPt IX
$4.8M
Ln 25
Programscol B$4.8M
Managementcol C$3K
Owns and owesPt X
$616K
net assets · Ln 32
Cash and savingsLn 1–2$616K
Total assetsLn 16$616K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.3M
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$616K
Cash and savings togetherLn 1–2$616K
Total assetsLn 16$616K
LiabilitiesLn 26$0
Net assetsLn 32$616K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$37K$616K
Total assetsLn 16$137K$616K
LiabilitiesLn 26$0$0
Net assetsLn 32$137K$616K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Office expensesLn 13$75$60$15
Payments to affiliatesLn 21$4.8M$4.8M
Total functional expensesLn 25$4.8M$4.8M$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $5.3M$4.8M$479K$616K 990 PDF
FY2023Filed with the IRS Apr 30, 2024 $3.7M$3.9M−$191K$137K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $3.3M$4.3M−$985K$328K 990 PDF
FY2021 Not on file
FY2020Filed with the IRS Mar 11, 2021 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $5,302,361 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,660,139$5,302,361
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 $3,660,139$5,302,361
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,851,174$4,823,075
I-18 Total expensesPrior year $3,851,174$4,823,075
I-19 Revenue less expensesPrior year −$191,035$479,286
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $5,302,361 across 3 lines filed
VIII-1f All other contributions, gifts and grants$5,302,361
VIII-1h Total contributions, gifts and grants$5,302,361
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$5,302,361
Part IX · Statement of functional expenses $4,823,075 across 3 lines filed
IX-11c Accounting feesManagement $3,000$3,000
IX-13 Office expensesPrograms $60 · Management $15$75
IX-21 Payments to affiliatesPrograms $4,820,000$4,820,000
IX-25 Total functional expensesPrograms $4,820,060 · Management $3,015 · Fundraising $0$4,823,075
Part X · Balance sheet $616,162 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $36,576$616,162
X-16 Total assetsStart of year $136,876$616,162
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $136,876$616,162
X-32 Total net assets or fund balancesStart of year $136,876$616,162
X-33 Total liabilities and net assetsStart of year $136,876$616,162
Part XI · Reconciliation of net assets $616,162 net assets at year end
XI-1 Total revenue$5,302,361
XI-2 Total expenses$4,823,075
XI-3 Revenue less expenses$479,286
XI-4 Net assets at start of year$136,876
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$616,162

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

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.