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.
74¢ of each $1 spent went to programs.
$85K 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

FY2022 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $613K in investments, Pt X · Ln 11–13
Looks good: 5.6 months of spending in cash; 3 or more.
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
$8K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$795K
-19% vs prior year
Spent
$518K
To programs
74%
Net assets
$846K
By yearFY2020–FY2024
Revenue
$795K
FY2022▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$976K
FY2022$795K
FY2023$783K
FY2024$671K
Expenses
$518K
FY2022▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$407K
FY2022$518K
FY2023$705K
FY2024$709K
Net assets
$846K
FY2022▲ +49%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$569K
FY2022$846K
FY2023$923K
FY2024$886K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

74 cents of each dollar spent went to programs.

Program services 74% · $382K Management & general 24% · $125K Fundraising 2% · $11K

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

9 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$85,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

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Provided by the organization

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3 programs · $360K · in their own filed words · FY2022
01

The Essentials

(previously shopping days or basic needs) free shopping days for foster youth: we help build confidence in foster youth by providing essential resources via free pop-up shopping days for youth to shop for professional and casual clothing, toiletries, beauty products, and accessories.

$181Kprogram expense
02

Careerx

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 training necessary to help them become self-sufficient post foster care.

$139Kprogram expense
03

Meal Nation

Free meal DELIVERY/PICK up service to fight food insecurity: during the COVID-19 pandemic, we launched the meal nation program to address food insecurity for foster youth students in college.

$40Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$795K
Ln 12
Gifts and grantsLn 1h$792K
Investment incomeLn 3$3K
Money outPt IX
$518K
Ln 25
Programscol B$382K
Managementcol C$125K
Fundraisingcol D$11K
Owns and owesPt X
$846K
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$854K
LiabilitiesLn 26$8K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$792K
Noncash giftsLn 1g$149K
Investment incomeLn 3$3K
Total revenueLn 12$795K
Assets in detailPt X, end of year
CashLn 1$241K
Cash and savings togetherLn 1–2$241K
InvestmentsLn 11–13$613K
Total assetsLn 16$854K
LiabilitiesLn 26$8K
Net assetsLn 32$846K
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 FY22End FY22
Cash and savingsLn 1–2$580K$241K
InvestmentsLn 11–13$613K
Total assetsLn 16$580K$854K
LiabilitiesLn 26$11K$8K
Net assetsLn 32$569K$846K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$179K$179K
Pay of current officers, directors and key staffLn 5$85K$42K$42K
Other salaries and wagesLn 7$84K$63K$21K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$14K$14K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$25K$16K$9K
Advertising and promotionLn 12$250$250
Office expensesLn 13$11K$52$11K
Information technologyLn 14$15K$14K$518
TravelLn 17$4K$93$4K
Conferences, conventions and meetingsLn 19$59K$55K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$30K$12K$7K$11K
Total functional expensesLn 25$518K$382K$125K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $671K$709K−$37K$886K 990 PDF
FY2023 $783K$705K$78K$923K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $795,181 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $975,776$792,276
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$2,905
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $975,776$795,181
I-13 Grants and similar amounts paidPrior year $279,835$178,727
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $82,269$184,708
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $45,032$154,807
I-18 Total expensesPrior year $407,136$518,242
I-19 Revenue less expensesPrior year $568,640$276,939
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $795,181 across 5 lines filed
VIII-1f All other contributions, gifts and grants$792,276
VIII-1g Noncash contributions (included above)$149,277
VIII-1h Total contributions, gifts and grants$792,276
VIII-3 Investment incomeExcluded from tax $2,905$2,905
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,905$795,181
Part IX · Statement of functional expenses $518,242 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $178,727$178,727
IX-5 Pay of current officers, directors and key staffPrograms $42,500 · Management $42,500$85,000
IX-7 Other salaries and wagesPrograms $62,772 · Management $20,924$83,696
IX-9 Other employee benefitsManagement $1,526$1,526
IX-10 Payroll taxesManagement $14,486$14,486
IX-11b Legal feesManagement $3,000$3,000
IX-11c Accounting feesManagement $2,425$2,425
IX-11g Other fees for servicesPrograms $15,731 · Management $9,051$24,782
IX-12 Advertising and promotionManagement $250$250
IX-13 Office expensesPrograms $52 · Management $11,430$11,482
IX-14 Information technologyPrograms $14,430 · Management $518$14,948
IX-17 TravelPrograms $93 · Management $3,935$4,028
IX-19 Conferences, conventions and meetingsPrograms $55,101 · Management $4,105$59,206
IX-23 InsuranceManagement $4,289$4,289
IX-24 Other expenses (24a–d)Programs $12,390 · Management $6,918 · Fundraising $11,089$30,397
IX-25 Total functional expensesPrograms $381,796 · Management $125,357 · Fundraising $11,089$518,242
Part X · Balance sheet $853,736 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $579,670$240,831
X-11 Publicly traded securities$612,905
X-16 Total assetsStart of year $579,670$853,736
X-17 Accounts payable and accrued expensesStart of year $11,030$8,157
X-26 Total liabilitiesStart of year $11,030$8,157
X-32 Total net assets or fund balancesStart of year $568,640$845,579
X-33 Total liabilities and net assetsStart of year $579,670$853,736
Part XI · Reconciliation of net assets $845,579 net assets at year end
XI-1 Total revenue$795,181
XI-2 Total expenses$518,242
XI-3 Revenue less expenses$276,939
XI-4 Net assets at start of year$568,640
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$845,579

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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