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Found Village EIN 81-4106901

Found Village FY2021 filing

EIN  81-4106901 Public charity (501(c)(3)) Cincinnati, OH
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Verified accurate 9/4/26 · see original filing: IRS
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Size
$1–10M
What they do
Empowering vulnerable youth to overcome challenges and build successful futures.
Leadership
Iloba Nzekwu · COO · $115K
Money in and out
$1.1M revenue, $970K expenses
Bottom line
63% program efficiency

Empowering vulnerable youth to overcome challenges and build successful futures. For fiscal year 2021 it reported $1.1M in revenue, $970K in expenses, and $293K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$970K
Pt IX · Ln 25
Net assets
$293K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $113K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.27 Fundraising $0.10
Program efficiency
63%
of spending reaches programs
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$1.1M
FY2021
Expenses
$970K
FY2021
Total assets
$360K
FY2021
Total liabilities
$67K
FY2021
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$970K
Pt IX · Ln 25
Net assets
$293K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$113K
Total assetsPt X · Ln 16$360K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $609K of program spending, described in the organization's own filed words · FY2020.
01

Coaching

Each youth is paired with a coach that journeys with them and works with them on their goals - Our youth receive 2 hours per week of coaching towards their goals including graduation, work, relationships

$466Kprogram expense
02

Enrichment

We provide after school enrichment environments for our youth including Tutoring, Sports activities, Yoga, gardening. - we have had 96% voluntary attendance and each youth has engaged for an average of 17 hours per week

$143Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFound Village
EINHdr · item D81-4106901
Principal addressHdr · item CCincinnati, OH
WebsiteHdr · item Jwww.foundvillage.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFApr 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$114,880Pt VII · Sec A
$55,000Pt VII · Sec A
$0Pt VII · Sec A
Kim Botto
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Iloba Nzekwu’s $115K as Coexecutive Director is at the 40th percentile of top reported officer pay among 1547 $1–10M youth development 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Iloba Nzekwu$114,774$114,774$113,492$114,880$114,880
Katie Nzekwu$98,612$72,973$60,885$55,000$55,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$741K · 68%
Program service revenue$266K · 25%
Other revenue$76K · 7%
Contributions & grants68%$741K
Program service revenue25%$266K
Other revenue7%$76K
Investment income$18
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.27 Fundraising $0.10
Program services63%$609K
Management & general27%$260K
Fundraising10%$102K
Total functional expensesLn 25$970K

Balance Sheet

Part X · end of year
CashLn 1$183K
Total assetsLn 16$360K
Total liabilitiesLn 26$67K
Total net assetsLn 32$293K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $183K · Operating expenses (Pt IX) $970K · Less non-cash grants $7K · Cash operating expenses/yr $964K
2.3 months
Where the money goes
Program services
Program services $609K · Total expenses $970K
63%
Management & General
Management & general $260K · Total expenses $970K
27%
Fundraising
Fundraising $102K · Total expenses $970K
10%
Cost to raise $1
Fundraising expense $102K · Solicited contributions $741K
$0.14 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $741K · Total revenue $1.1M
68%
Government reliance
Government grants $0 · Total revenue $1.1M
0%
Earned-income share
Program service revenue $266K · Total revenue $1.1M
25%
Investment reliance
Investment income $18 · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $266K · Total expenses $970K
27%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $293K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $970K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $360K
—
Net-asset ratio
Net assets $293K · Total assets $360K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $360K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Iloba Nzekwu · Reported title COO · Highest reported compensation $115K · Total expenses $970K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $665K · Total expenses $970K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%——
Overhead ratio 27%——
Fundraising cost ratio 14%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Trust Estate of George B RileyFY2025$20K
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.0M revenue · ⤓ 990 PDF
FY2024$1.7M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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