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

Found Village FY2023 filing

Tax-deductible

Cincinnati, OH501(c)(3)Youth DevelopmentEIN 81-4106901Revenue $1.3M in FY2023

On file with the IRSfoundvillage.orgPo Box 68045, 45206-8045 · Cincinnati, OHTax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

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

We create conditions for young people to thrive. We do this by creating a community of care for young people who have not achieved success despite the efforts of other agencies. Our vision is to ensure that every young person and their future generations are no longer system involved and living a full life.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$174K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $55K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$174K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$392K
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+10% vs prior year
Spent
$1.3M
To programs
68%
Net assets
$163K
By yearFY2021–FY2025
Revenue
$1.3M
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$1.7M
FY2025$2.0M
Expenses
$1.3M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$970K
FY2022$1.2M
FY2023$1.3M
FY2024$1.6M
FY2025$1.9M
Net assets
$163K
FY2023▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2021$293K
FY2022$223K
FY2023$163K
FY2024$296K
FY2025$448K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 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 Apr 2017.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $910K Management & general 22% · $302K Fundraising 10% · $136K

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

9 people listed on the 990; $174K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Iloba Nzekwu
Co-Executive Director
$113,492Pt VII · Sec A
Katie Nzekwu
Co-Executive Director
$60,885Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Christina Duffy
Trustee - Start 11/18/2022
$0Pt VII · Sec A
Michael Moore
Trustee - Start 11/18/2022
$0Pt VII · Sec A
$0Pt VII · Sec A
Hammad Siddiqi
Trustee - Start 11/18/2022
$0Pt VII · Sec A

Iloba Nzekwu’s $115K as Coexecutive Director is at the 40th percentile of top reported officer pay among 1552 $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.

See Found Village executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aYes

Programs and updates

Empowering vulnerable youth to overcome challenges and build successful futures.

Questions for Found Village

Tap to ask. Found Village sees how many people are interested.

Your first name shows with your question. Found Village answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $910K · in their own filed words · FY2022
01

Coaching and Mentoring

While some social systems attempt to "parent" the youth that they serve, the results of involvement in these systems for the youth that they serve indicate that they often fail to achieve results. For one example, only 13% of foster youth in the United States ever mobilize out of poverty as adults.

$729Kprogram expense
02

Experiences and Enrichment

Enrichment opportunities give our youth the opportunity to explore their interests and talents, a luxury that many of them have not received prior to joining Found Village. Enrichment activities offered to youth by our partners include training in the arts, sports, and activities in natural spaces, all of which provide our young people…

$181Kprogram 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
Trust Estate of George B RileyFY2025$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$150K
Other incomeLn 4–11$3K
Money outPt IX
$1.3M
Ln 25
Programscol B$910K
Managementcol C$302K
Fundraisingcol D$136K
Owns and owesPt X
$163K
net assets · Ln 32
Cash and savingsLn 1–2$346K
Total assetsLn 16$555K
LiabilitiesLn 26$392K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$150K
Investment incomeLn 3$2K
Other incomeLn 4–11$3K
Gains on assetsLn 7$2K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$346K
Cash and savings togetherLn 1–2$346K
InvestmentsLn 11–13$12K
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$39K
Total assetsLn 16$555K
LiabilitiesLn 26$392K
Net assetsLn 32$163K
OperationsPt I, VI
EmployeesI 519
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$356K$346K
InvestmentsLn 11–13$9K$12K
Land, buildings, equipmentLn 10c$35K$17K
Total assetsLn 16$541K$555K
LiabilitiesLn 26$318K$392K
Net assetsLn 32$223K$163K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$189K$105K$57K$27K
Other salaries and wagesLn 7$527K$456K$45K$26K
Other employee benefitsLn 9$74K$49K$23K$3K
Payroll taxesLn 10$67K$49K$12K$6K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$172K$79K$51K$42K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$24K$7K$14K$2K
Information technologyLn 14$42K$17K$22K$3K
OccupancyLn 16$36K$23K$14K
TravelLn 17$44K$34K$493$9K
InterestLn 20$8K$5K$2K$776
Depreciation, depletion and amortizationLn 22$17K$11K$4K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$98K$75K$20K$3K
Total functional expensesLn 25$1.3M$910K$302K$136K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.9M$153K$448K 990 PDF
FY2024 $1.7M$1.6M$132K$296K 990 PDF
FY2023 Viewing $1.3M$1.3M−$60K$163K 990 PDF
FY2022 $1.2M$1.2M−$64K$223K 990 PDF
FY2021 $1.1M$970K$113K$293K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,287,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,004,927$1,132,305
I-9 Program service revenuePrior year $164,075$150,321
I-10 Investment incomePrior year −$1,420$1,691
I-11 Other revenuePrior year $3,323$3,131
I-12 Total revenuePrior year $1,170,905$1,287,448
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 $847,878$856,263
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $386,690$491,423
I-18 Total expensesPrior year $1,234,568$1,347,686
I-19 Revenue less expensesPrior year −$63,663−$60,238
Part VI · Governance 7 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,287,448 across 7 lines filed
VIII-1a Federated campaigns$76,800
VIII-1f All other contributions, gifts and grants$1,055,505
VIII-1h Total contributions, gifts and grants$1,132,305
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $150,321$150,321
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,691$1,691
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,131$3,131
VIII-12 Total revenueRelated to mission $150,321 · Unrelated business $0 · Excluded from tax $4,822$1,287,448
Part IX · Statement of functional expenses $1,347,686 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $105,338 · Management $56,610 · Fundraising $26,752$188,700
IX-7 Other salaries and wagesPrograms $455,528 · Management $45,494 · Fundraising $25,570$526,592
IX-9 Other employee benefitsPrograms $48,877 · Management $22,676 · Fundraising $2,577$74,130
IX-10 Payroll taxesPrograms $48,821 · Management $12,377 · Fundraising $5,643$66,841
IX-11b Legal feesManagement $7,300$7,300
IX-11c Accounting feesManagement $25,406$25,406
IX-11g Other fees for servicesPrograms $78,682 · Management $51,410 · Fundraising $41,834$171,926
IX-12 Advertising and promotionFundraising $13,617$13,617
IX-13 Office expensesPrograms $7,387 · Management $14,474 · Fundraising $2,483$24,344
IX-14 Information technologyPrograms $16,945 · Management $22,403 · Fundraising $2,618$41,966
IX-16 OccupancyPrograms $22,596 · Management $13,572$36,168
IX-17 TravelPrograms $33,980 · Management $493 · Fundraising $9,140$43,613
IX-20 InterestPrograms $5,211 · Management $1,713 · Fundraising $776$7,700
IX-22 Depreciation, depletion and amortizationPrograms $11,320 · Management $3,721 · Fundraising $1,686$16,727
IX-23 InsuranceManagement $4,267$4,267
IX-24 Other expenses (24a–d)Programs $75,313 · Management $20,246 · Fundraising $2,830$98,389
IX-25 Total functional expensesPrograms $909,998 · Management $302,162 · Fundraising $135,526$1,347,686
Part X · Balance sheet $554,667 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $356,155$345,753
X-3 Pledges and grants receivableStart of year $138,252$137,786
X-9 Prepaid expenses and deferred chargesStart of year $1,550$2,273
X-10c Land, buildings and equipment, netStart of year $34,586$17,040
X-11 Publicly traded securitiesStart of year $9,408$11,976
X-14 Intangible assetsStart of year $566$509
X-15 Other assetsStart of year $0$39,330
X-16 Total assetsStart of year $540,517$554,667
X-17 Accounts payable and accrued expensesStart of year $37,827$72,885
X-24 Unsecured notes and loans payableStart of year $279,900$279,900
X-25 Other liabilitiesStart of year $0$39,330
X-26 Total liabilitiesStart of year $317,727$392,115
X-27 Net assets without donor restrictionsStart of year −$30,210$13,502
X-28 Net assets with donor restrictionsStart of year $253,000$149,050
X-32 Total net assets or fund balancesStart of year $222,790$162,552
X-33 Total liabilities and net assetsStart of year $540,517$554,667
Part XI · Reconciliation of net assets $162,552 net assets at year end
XI-1 Total revenue$1,287,448
XI-2 Total expenses$1,347,686
XI-3 Revenue less expenses−$60,238
XI-4 Net assets at start of year$222,790
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$162,552

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

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

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.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street 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, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.