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
60 cents of each dollar spent went to programs.
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; $188K paid to officers and key staff.
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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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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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
Your first name shows with your question. Found Village answers here, for everyone.
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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.
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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $346K | $191K |
| InvestmentsLn 11–13 | $12K | $49K |
| Land, buildings, equipmentLn 10c | $17K | $9K |
| Total assetsLn 16 | $555K | $901K |
| LiabilitiesLn 26 | $392K | $606K |
| Net assetsLn 32 | $163K | $296K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $210K | $115K | $63K | $32K |
| Other salaries and wagesLn 7 | $736K | $553K | $59K | $123K |
| Other employee benefitsLn 9 | $67K | $45K | $13K | $9K |
| Payroll taxesLn 10 | $83K | $42K | $35K | $6K |
| Legal feesLn 11b | $18K | $18K | ||
| Accounting feesLn 11c | $58K | $58K | ||
| Other fees for servicesLn 11g | $80K | $5K | $75K | |
| Advertising and promotionLn 12 | $15K | $15K | ||
| Office expensesLn 13 | $26K | $4K | $18K | $4K |
| Information technologyLn 14 | $45K | $11K | $31K | $3K |
| OccupancyLn 16 | $45K | $28K | $17K | |
| TravelLn 17 | $62K | $53K | $4K | $4K |
| InterestLn 20 | $8K | $5K | $2K | $1K |
| Depreciation, depletion and amortizationLn 22 | $8K | $5K | $2K | $1K |
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $113K | $78K | $35K | $395 |
| Total functional expensesLn 25 | $1.6M | $944K | $360K | $274K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.0M | $1.9M | $153K | $448K | 990 PDF |
| FY2024 Viewing | $1.7M | $1.6M | $132K | $296K | 990 PDF |
| FY2023 | $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 |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,709,076 revenue, 12 lines filed
Part VI · Governance 6 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $1,709,076 across 7 lines filed
Part IX · Statement of functional expenses $1,577,249 across 16 lines filed
Part X · Balance sheet $901,484 assets, 16 lines filed
Part XI · Reconciliation of net assets $295,718 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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