318 Foundation INC

Gaithersburg, MD · Public charity (501(c)(3)) · Since 2020 · Youth Development

✓ Tax-deductible
Revenue
$769K
+260% vs prior year
Spent
$625K
To programs
77%
Net assets
$272K
By yearFY2020–FY2025
Revenue
$769K
FY2025▲ +260%
Revenue by fiscal year
FY2020$0
FY2022$100K
FY2023$522K
FY2024$214K
FY2025$769K
Expenses
$625K
FY2025▲ +45%
Expenses by fiscal year
FY2020Not on file
FY2022Not on file
FY2023$234K
FY2024$430K
FY2025$625K
Net assets
$272K
FY2025▲ +113%
Net assets by fiscal year
FY2020Not on file
FY2022$57K
FY2023$344K
FY2024$128K
FY2025$272K

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item C318 Foundation INC
EINHdr · item D86-1321791
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2021
Year of formationHdr · item L2020
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CGaithersburg, MD
NTEE classificationIRS BMFYouth Development (O50)
WebsiteHdr · item Jwww.318foundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.19 Fundraising $0.04
Program services77%$479K
Management & general19%$118K
Fundraising4%$28K
Total functional expensesLn 25$625K

Financial health

Is it on solid ground?

Program efficiency
77%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
4.1mo
months of highly liquid reserves at operating expense rate▲ +14% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +119% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$279K
FY2025▲ +114%
Total assets by fiscal year
FY2020Not on file
FY2022Not on file
FY2023$344K
FY2024$131K
FY2025$279K
Total liabilities
$7K
FY2025▲ +172%
Total liabilities by fiscal year
FY2020Not on file
FY2022Not on file
FY2023$0
FY2024$3K
FY2025$7K
Revenue less expensesPt I · Ln 19$144K
Total assetsPt X · Ln 16$279K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$214K
Total assetsLn 16$279K
Total liabilitiesLn 26$7K
Total net assetsLn 32$272K
Months of cash on handcomputed4.1

Statement of Revenue

Part VIII
Contributions & grants100%$769K
Investment income$155
Total revenueLn 12$769K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $214K · Operating expenses/yr $625K
4.1 months
Where the money goes
Program services
Program services $479K · Total expenses $625K
77%
Management & General
Management & general $118K · Total expenses $625K
19%
Fundraising
Fundraising $28K · Total expenses $625K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $499K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $769K · Total revenue $769K
100%
Government reliance
Government grants — · Total revenue $769K
—
Earned-income share
Program service revenue $0 · Total revenue $769K
0%
Investment reliance
Investment income $155 · Total revenue $769K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $625K
0%
Growth & trend
Revenue growth (YoY)
This year $769K · Prior year $214K
+260%
Net-asset trend (YoY)
End of year $272K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $769K · Expenses $625K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $279K
—
Net-asset ratio
Net assets $272K · Total assets $279K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $279K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alana Beard · Reported title PRESIDENT & · Highest reported compensation $85K · Total expenses $625K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $234K · Total expenses $625K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 19%——
Fundraising cost ratio 4%——
Revenue growth 260%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President &
$85,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Alana Beard’s $85K as President & is at the 77th percentile of top reported officer pay among 1993 $100K–1M 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

NameFY2025FY2024FY2023
Alana Beard$85,000$85,000—
Alana Beard——$53,098

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 318 Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers Black girls in underserved communities with mentorship, experiences, and sports for college, career, and life success.

Provided by the organization

This section is blank until 318 Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2025.
01

The 318 foundation aims to empower black girls in grades 9-12, and historically marginalized communities, through mentorship, immersive experiences, and elite sports training. Historically, black girl's struggles have been camouflaged, rendering their needs invisible, and the programs that support their educational, psychological, and…

Pt IX · col B

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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 · FY2024
Total grants receivedfrom 3 funders$143K
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $769K$625K+260% 990 PDF
FY2024 $214K$430K-59% 990 PDF
FY2023 $522K$234K+419% 990 PDF
FY2022 $100K— 990 PDF
FY2021 Not on file
FY2020 $0— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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