Civic Intelligence

Found Village

990 • Fiscal year 2023 • EIN 81-4106901

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 08, 2024

PO Box 68045Cincinnati, OH 45206

(513) 378-5865

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$554,667

Up $14,150 (+2.6%) from 2022

Net Assets

Down

$162,552

Down $60,238 (-27%) from 2022

Liabilities

Up

$392,115

Up $74,388 (+23%) from 2022

Revenue And Expenses

Revenue

Up

$1,287,448

Up $116,543 (+10.0%) from 2022

Expenses

Up

$1,347,686

Up $113,118 (+9.2%) from 2022

Net Income

Up

-$60,238

Up $3,425 (+5.4%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2018: $65,512Liabilities 2018: $2,013Net Assets 2018: $63,4992018Assets 2019: $191,964Liabilities 2019: $2,105Net Assets 2019: $189,8592019Assets 2020: $255,149Liabilities 2020: $77,268Net Assets 2020: $177,8812020Assets 2021: $359,511Liabilities 2021: $66,604Net Assets 2021: $292,9072021Assets 2022: $540,517Liabilities 2022: $317,727Net Assets 2022: $222,7902022Assets 2023: $554,667Liabilities 2023: $392,115Net Assets 2023: $162,5522023Assets 2024: $901,484Liabilities 2024: $605,766Net Assets 2024: $295,7182024Assets 2025: $1,084,063Liabilities 2025: $635,571Net Assets 2025: $448,4922025

Highlighted filing

2023

Assets$554,667
Liabilities$392,115
Net Assets$162,552

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $219,421Expenses 2018: $158,575Net Income 2018: $60,8462018Revenue 2019: $433,972Expenses 2019: $307,612Net Income 2019: $126,3602019Revenue 2020: $602,380Expenses 2020: $620,654Net Income 2020: -$18,2742020Revenue 2021: $1,082,930Expenses 2021: $970,404Net Income 2021: $112,5262021Revenue 2022: $1,170,905Expenses 2022: $1,234,568Net Income 2022: -$63,6632022Revenue 2023: $1,287,448Expenses 2023: $1,347,686Net Income 2023: -$60,2382023Revenue 2024: $1,709,076Expenses 2024: $1,577,249Net Income 2024: $131,8272024Revenue 2025: $2,020,388Expenses 2025: $1,867,017Net Income 2025: $153,3712025

Highlighted filing

2023

Revenue$1,287,448
Expenses$1,347,686
Net Income-$60,238
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 8, 2024
Return Version
2022v5.0
Gross Receipts
$1,288,324
Mission and Program Overview

Mission

We exist to empower youth from hard places to reach their full potential. 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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$356,155$345,753▼ $10,402
Pledges and Grants Receivable$138,252$137,786▼ $466
Land, Buildings, and Equipment, Net$34,586$17,040▼ $17,546
Investments in Publicly Traded Securities$9,408$11,976▲ $2,568
Prepaid Expenses and Deferred Charges$1,550$2,273▲ $723
Intangible Assets$566$509▼ $57
Total Assets$540,517$554,667▲ $14,150
Other Assets Total$0$39,330▲ $39,330
Liabilities
Unsecured Notes Loans Payable$279,900$279,900→ $0
Accounts Payable and Accrued Expenses$37,827$72,885▲ $35,058
Other Liabilities$0$39,330▲ $39,330
Total Liabilities$317,727$392,115▲ $74,388
Net Assets / Fund Balance
Net Assets With Donor Restrictions$253,000$149,050▼ $103,950
Net Assets Without Donor Restrictions$-30,210$13,502▲ $43,712
Total Net Assets Fund Balance$222,790$162,552▼ $60,238
Total Liabilities and Net Assets / Fund Balance$540,517$554,667▲ $14,150

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,447$29,567$32,014
Leasehold Improvements$13,340$13,354$26,694
Equipment$1,253$1,313$2,566
Other Assets Org$39,330--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Iloba NzekwuCo-Executive DirectorFT$113,492$5,940$119,432
Katie NzekwuCo-Executive DirectorFT$60,885$8,383$69,268

Board Members and Trustees

NameTitle
Ashton WilsonTrustee
Jennifer FreyTrustee
Lisa Williams-NelsonTrustee
Stephanie ScottTrustee
Christina DuffyTrustee - Start 11/18/2022
Hammad SiddiqiTrustee - Start 11/18/2022
Michael MooreTrustee - Start 11/18/2022
Revenue and Support

Revenue Composition

Contributions and Grants
$1,132,305
Program Service Revenue
$150,321
Investment Income
$1,691
Other Revenue
$3,131
All Other Contributions
$1,055,505
Change in Net Assets
$-60,238

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,287,448
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,287,448
Total Revenue per Form 990
$1,287,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$856,263
Other Expenses$491,423
Total Fundraising Expense$135,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$455,528$45,494$25,570$526,592
Current Officers, Directors, Trustees, and Key Employees$105,338$56,610$26,752$188,700
Fees for Services Other$78,682$51,410$41,834$171,926
Other Employee Benefits$48,877$22,676$2,577$74,130
Payroll Taxes$48,821$12,377$5,643$66,841
Travel$33,980$493$9,140$43,613
Information Technology$16,945$22,403$2,618$41,966
Occupancy$22,596$13,572-$36,168
Fees for Services Accounting-$25,406-$25,406
Office Expenses$7,387$14,474$2,483$24,344
Depreciation Depletion$11,320$3,721$1,686$16,727
Advertising--$13,617$13,617
Interest$5,211$1,713$776$7,700
Fees for Services Legal-$7,300-$7,300
Insurance-$4,267-$4,267
Other Expenses$3,062$574$2,720$3,294
Total Functional Expenses$909,998$302,162$135,526$1,347,686

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,347,686
Total Expenses per Audited Statements$1,347,686
Total Expenses per Form 990$1,347,686
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease liabilities - operating leases$39,330
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Katie Nzekwu is the Co-Executive Director and is married to Iloba Nzekwu, who is Co-Executive Director.

Form 990, Part VI, Section B, line 11B

Found Village Co-Executive Director to review the 990 first and provide a copy to the Board of Directors before it is filed.

Form 990, Part VI, Section B, line 15

The Board of Directors reviewed and approved the rationale for compensation for the CEO and COO.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Found Village
EIN
81-4106901
Phone
5133785865
Address
PO Box 68045, Cincinnati, OH 45206

Signing Officer

Name
Iloba Nzekwu
Title
COO
Phone
5133785865
Signed
2024-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Iloba Nzekwu
Formed
2016
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
7
Employees
21
Volunteers
10

Preparer

Firm
Barnes Dennig & Co LTD
Address
150 East Fourth Street, Cincinnati, OH 45202
Preparer
Paula Hume
Phone
5132418313
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Other fees: Program service expenses 78,682. Management and general expenses 51,410. Fundraising expenses 41,834. Total expenses 171,926.

Form 990, Part XII, Line 2C:

The Board of Directors reviewed and approved the rationale for compensation for the CEO and COO.

Financial Statement Notes

Part X, Line 2:

The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of Ohio law. However, they are subject to federal income tax on any unrelated business taxable income. The Organization's IRS Form 990 is subject to review and examination by federal and state authorities. The organization believes they have appropriate support for any tax positions taken, and therefore, do not have any uncertain income tax positions that are material to the financial statements.

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IRS990/Desc0Coaching 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. When young people reach the age range of 18-21, they lose eligibility for the services that have sustained them and are left with no formal support. We seek to provide a community that can encourage stability for system-involved youth, helping them to reduce major disruptive life events (i.e., hospitalization, arrest, running away, and suspension).
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IRS990/OtherRevenueMiscGrp/ExclusionAmt1650
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1650
IRS990/OtherRevenueTotalAmt03131
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt025570
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt045494
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0455528
IRS990/OtherSalariesAndWagesGrp/TotalAmt0526592
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05643
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012377
IRS990/PayrollTaxesGrp/ProgramServicesAmt048821
IRS990/PayrollTaxesGrp/TotalAmt066841
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0138252
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0137786
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IRS990/PrincipalOfficerNm0Iloba Nzekwu
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0Program Services
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150321
IRS990/ProgSrvcAccomActy2Grp/Desc0Experiences 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 with a chance to examine their talents and interests. The Coaching and Enrichment program seeks to 1) embed teens in a network of healthy adult and peer relationships, while 2) providing opportunities to explore, identify, and enhance personal skills, thereby 3) increasing our young peoples' sense of belonging and increasing their power and autonomy. In the past year, we have seen that young people who engage with Found Village consistently possess a stronger sense of belonging, report having more safe relationships with peers and adults, and become healthier. Case in point: over the past year, several young people have been able to identify the potential of a major life disruption before it happened and engage with their coach and community to mitigate that circumstance. We have seen young people dream big about their futures, be more open to friendships with other youth, and become more successful in school. The following positive outcomes indicate the successes we have seen in the last year: 76% of youth have been engaged in program activities for 10 or more hours. We have found that engagement positively correlates with the well-being of young people and their overall success in school. The majority of our youth report that they have more friendships and feel a stronger sense of power and autonomy in their lives. We are working towards 100% outcomes in all these areas. This past year success is as followed:Short Term (Stability): 90% of teens referred agree to participate in our program within 60 days of referral. Instances of disruptive events (e.g., hospitalization, suspension, arrest) drop by 50% for each teen. 90% of teens receive consistent access to essential resources including food, clothing, and school supplies. Mid-Term (Growth): 100% of teens are paired with our coaching team and create a customized growth plan. 90% of eligible teens graduate High School. 100% teens report that they have explored their interests and skills through enrichment programming. Long-Term (Launch): 70% young people report that they have/maintain at least three healthy adult and peer relationships. 100% young people can identify two spaces in the community that are safe and supportive for them (e.g., a library, rec center, community organization, or volunteer opportunity). 70% young people demonstrate that they can alert their community before a crisis event occurs and work to limit disruptions. 30% All young people maintain stable employment at a job which pays $15/hr or more and offers opportunities for upward mobility. 30% of young people maintain stable housing arrangements for at least six months.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0180892
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt045096
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherExpensesAmt0386690
IRS990/PYOtherRevenueAmt03323
IRS990/PYProgramServiceRevenueAmt0164075
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IRS990/PYSalariesCompEmpBnftPaidAmt0847878
IRS990/PYTotalExpensesAmt01234568
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01170905
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0740741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0397016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0354920
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026694
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt039330
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Right-of-use assets - operating leases
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Lease liabilities - operating leases
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IRS990ScheduleD/RevenueSubtotalAmt01287448
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and a similar provision of Ohio law. However, they are subject to federal income tax on any unrelated business taxable income. The Organization's IRS Form 990 is subject to review and examination by federal and state authorities. The organization believes they have appropriate support for any tax positions taken, and therefore, do not have any uncertain income tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt039330
IRS990ScheduleD/TotalExpensesPerForm990Amt01347686
IRS990ScheduleD/TotalLiabilityAmt039330
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01287448
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Katie Nzekwu is the Co-Executive Director and is married to Iloba Nzekwu, who is Co-Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Found Village Co-Executive Director to review the 990 first and provide a copy to the Board of Directors before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors reviewed and approved the rationale for compensation for the CEO and COO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other fees: Program service expenses 78,682. Management and general expenses 51,410. Fundraising expenses 41,834. Total expenses 171,926.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors reviewed and approved the rationale for compensation for the CEO and COO.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0540517

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