Foster Nation engages and empowers the community to prepare, support and empower (see sch o) Foster youth aging out of the system to be self-sufficient adults by providing resources, social support, and mentorship. Our main programs are 1) meal Nation to address food insecurity; 2) careerx to help Foster youth develop personal and professional skills necessary for adulthood; 3) the collective to raise awareness and advocate on behalf of Foster youth while developing the next generation of impact leaders; and 4)defy impossible scholarship to create a career pathway into the beauty industry.

501(c)(3) charity; gifts are tax-deductible.
41¢ of each $1 spent went to programs.
Run by 538 volunteers and 2 employees.
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
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $221K a year · 27% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
41%
of spending
Concern: 41% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $837K in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $364K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$34K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$671K
-14% vs prior year
Spent
$709K
To programs
41%
Net assets
$886K
By yearFY2020–FY2024
Revenue
$671K
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$976K
FY2022$795K
FY2023$783K
FY2024$671K
Expenses
$709K
FY2024+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$407K
FY2022$518K
FY2023$705K
FY2024$709K
Net assets
$886K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$569K
FY2022$846K
FY2023$923K
FY2024$886K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2021.

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

Where the money goes

41 cents of each dollar spent went to programs.

Program services 41% · $288K Management & general 58% · $411K Fundraising 1% · $10K

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

19 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$103,000Pt VII · Sec A
Director (thru 03/01/24)
$0Pt VII · Sec A
Director (as of 10/19/24)
$0Pt VII · Sec A
Director (as of 10/19/24)
$0Pt VII · Sec A
Director (as of 07/25/24)
$0Pt VII · Sec A
Director (as of 07/25/24)
$0Pt VII · Sec A
Director (thru 07/26/24)
$0Pt VII · Sec A
$0Pt VII · Sec A

Maggie Lin’s $103K as Executive Director is at the 87th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Maggie Lin$103,000$100,500$85,000$42,500

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 Foster Nation executive salaries →

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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 15aNo

Programs and updates

Empowers foster youth aging out of care with resources, support, and mentorship for self-sufficiency.

Questions for Foster Nation

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Provided by the organization

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1 program · $288K · in their own filed words · FY2024
01

Sparks

6 month career coaching program: we ensure foster youth have equal footing when they enter the professional world by matching them with a dedicated one-on-one career coach, and providing them with career readiness and life skills training necessary to help them become self-sufficient post foster care.

$288Kprogram 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
See all 7 funders →
Grants paid · 3 grants · $28K · 2021–2023
Unitemized GrantFY2023$615
Unitemized GrantFY2022$25,000
Unitemized GrantFY2021$2,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$671K
Ln 12
Gifts and grantsLn 1h$625K
Investment incomeLn 3$39K
Other incomeLn 4–11$8K
Money outPt IX
$709K
Ln 25
Programscol B$288K
Managementcol C$411K
Fundraisingcol D$10K
Owns and owesPt X
$886K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$919K
LiabilitiesLn 26$34K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$625K
Noncash giftsLn 1g$68K
Investment incomeLn 3$39K
Other incomeLn 4–11$8K
Total revenueLn 12$671K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
InvestmentsLn 11–13$837K
Total assetsLn 16$919K
LiabilitiesLn 26$34K
Net assetsLn 32$886K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6538
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$120K$82K
InvestmentsLn 11–13$834K$837K
Total assetsLn 16$954K$919K
LiabilitiesLn 26$30K$34K
Net assetsLn 32$923K$886K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$37K$37K
Pay of current officers, directors and key staffLn 5$103K$103K
Other salaries and wagesLn 7$134K$16K$115K$3K
Other employee benefitsLn 9$7K$2K$3K$1K
Payroll taxesLn 10$20K$7K$13K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$180K$73K$108K$30
Office expensesLn 13$7K$445$7K$258
Information technologyLn 14$25K$22K$2K$993
TravelLn 17$18K$15K$3K
Conferences, conventions and meetingsLn 19$162K$116K$42K$4K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$4K$18$4K
Total functional expensesLn 25$709K$288K$411K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $671K$709K−$37K$886K 990 PDF
FY2023 $783K$705K$78K$923K 990 PDF
FY2022 $795K$518K$277K$846K 990 PDF
FY2021 $976K$407K$569K$569K 990 PDF
FY2020 $0$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $671,256 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $746,036$624,711
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $36,741$39,044
I-11 Other revenuePrior year $219$7,501
I-12 Total revenuePrior year $782,996$671,256
I-13 Grants and similar amounts paidPrior year $116,139$37,151
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $224,969$263,614
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $364,282$407,748
I-18 Total expensesPrior year $705,390$708,513
I-19 Revenue less expensesPrior year $77,606−$37,257
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $671,256 across 6 lines filed
VIII-1f All other contributions, gifts and grants$624,711
VIII-1g Noncash contributions (included above)$67,996
VIII-1h Total contributions, gifts and grants$624,711
VIII-3 Investment incomeExcluded from tax $39,044$39,044
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,501$7,501
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $46,545$671,256
Part IX · Statement of functional expenses $708,513 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $37,151$37,151
IX-5 Pay of current officers, directors and key staffManagement $103,000$103,000
IX-7 Other salaries and wagesPrograms $15,890 · Management $115,170 · Fundraising $3,400$134,460
IX-9 Other employee benefitsPrograms $2,250 · Management $3,143 · Fundraising $1,125$6,518
IX-10 Payroll taxesPrograms $6,742 · Management $12,894$19,636
IX-11c Accounting feesManagement $5,379$5,379
IX-11g Other fees for servicesPrograms $72,596 · Management $107,762 · Fundraising $30$180,388
IX-13 Office expensesPrograms $445 · Management $6,563 · Fundraising $258$7,266
IX-14 Information technologyPrograms $22,136 · Management $2,299 · Fundraising $993$25,428
IX-17 TravelPrograms $14,765 · Management $3,101$17,866
IX-19 Conferences, conventions and meetingsPrograms $115,838 · Management $42,232 · Fundraising $4,200$162,270
IX-23 InsuranceManagement $5,613$5,613
IX-24 Other expenses (24a–d)Programs $18 · Management $3,520$3,538
IX-25 Total functional expensesPrograms $287,831 · Management $410,676 · Fundraising $10,006$708,513
Part X · Balance sheet $919,379 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $119,935$81,955
X-11 Publicly traded securitiesStart of year $833,571$837,424
X-16 Total assetsStart of year $953,506$919,379
X-17 Accounts payable and accrued expensesStart of year $30,134$33,503
X-26 Total liabilitiesStart of year $30,134$33,503
X-32 Total net assets or fund balancesStart of year $923,372$885,876
X-33 Total liabilities and net assetsStart of year $953,506$919,379
Part XI · Reconciliation of net assets $885,876 net assets at year end
XI-1 Total revenue$671,256
XI-2 Total expenses$708,513
XI-3 Revenue less expenses−$37,257
XI-4 Net assets at start of year$923,372
XI-5 Net unrealized gains (losses) on investments−$239
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$885,876

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

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