Civic Intelligence

318 Foundation Inc.

990 • Fiscal year 2023 • EIN 86-1321791

Jan 01, 2023 to Dec 31, 2023 • Filed on May 22, 2024

5115 Elsmere AveBethesda, MD 20814

(202) 468-9384

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$53,098

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

99th percentile

508%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

419%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$343,971

Up $287,407 (+508%) from 2022

Net Assets

Up

$343,971

Up $287,407 (+508%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$521,698

Up $421,198 (+419%) from 2022

Expenses

Up

$234,291

Up $184,780 (+373%) from 2022

Net Income

Up

$287,407

Up $236,418 (+464%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2020: $1Liabilities 2020: $02020Assets 2021: $5,575Net Assets 2021: $5,5752021Assets 2022: $56,564Net Assets 2022: $56,5642022Assets 2023: $343,971Liabilities 2023: $0Net Assets 2023: $343,9712023Assets 2024: $130,515Liabilities 2024: $2,654Net Assets 2024: $127,8612024

Highlighted filing

2023

Assets$343,971
Liabilities$0
Net Assets$343,971

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $111,100Expenses 2021: $105,525Net Income 2021: $5,5752021Revenue 2022: $100,500Expenses 2022: $49,511Net Income 2022: $50,9892022Revenue 2023: $521,698Expenses 2023: $234,291Net Income 2023: $287,4072023Revenue 2024: $213,987Expenses 2024: $430,097Net Income 2024: -$216,1102024

Highlighted filing

2023

Revenue$521,698
Expenses$234,291
Net Income$287,407
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 22, 2024
Return Version
2023v5.0
Gross Receipts
$521,698
Mission and Program Overview

Mission

The 318 Foundation is a 501(c)(3) nonprofit organization focused on improving college, career, and life outcomes for girls in underserved communities through a myriad of mentorship-based programs that helps to activate opportunities for self-discovery and impact through the program pillars: Voice, Identity, Success, Innovation, Opportunity, and Networking.

The 318 Foundation is a 501(c)(3) nonprofit organization focused on improving college, career, and life outcomes for Black girls in historically underserved communities through mentorship, immersive experiences, and sports. Our programs focus on leadership development, academic enrichment, and elite sportstraining. Partnering with local schools/universities, especially HBCUs, we offer mentorship, trips, career exposure, and college tours through 318 VISION/ACTION. Through 318 SPORTS, we provide leadership development. Our goal is to support girls' intellectual curiosity and personal growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$328,021-
Cash and Non-Interest-Bearing Accounts$56,564$15,950▼ $40,614
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$56,564$343,971▲ $287,407
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$56,564$343,971▲ $287,407
Total Net Assets Fund Balance$56,564$343,971▲ $287,407
Total Liabilities and Net Assets / Fund Balance$56,564$343,971▲ $287,407
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alana BeardPresident & CEOFT$53,098$53,098

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$518,803
Program Service Revenue
$0
Investment Income
$2,895
Other Revenue
$0
All Other Contributions
$518,803
Change in Net Assets
$287,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,504
Salaries, Compensation, and Employee Benefits$74,787
Total Fundraising Expense$28,860
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$92,633$11,119$14,014$117,766
Current Officers, Directors, Trustees, and Key Employees$43,009$3,186$6,903$53,098
Other Salaries and Wages$12,524$1,503$1,895$15,922
Travel$11,655$863$1,871$14,389
Payroll Taxes$4,672$346$749$5,767
Fees for Services Legal$2,815$209$452$3,476
Insurance$952$71$153$1,176
Office Expenses$711$53$114$878
Conferences and Meetings$308$28$80$416
Other Expenses$272$20$44$336
All Other Expenses$154$9$27$190
Total Functional Expenses$185,644$19,787$28,860$234,291
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the 990 tax return is provided to the board members responsible for reviewing financial matters impacting the organization prior to filing.

Form 990, Part VI, Section B, Line 15A

Independent board directors review and approve executive compensation agreements.

Form 990, Part VI, Section B, Line 15B

The Board's finance committee is responsible for reviewing and approving officer compensation.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
318 Foundation Inc
EIN
86-1321791
Address
5115 ELSMERE AVE, BETHESDA, MD 20814

Signing Officer

Name
Alana Beard
Title
President & CEO
Signed
2024-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alana Beard
Formed
2020
Legal Domicile
De
Voting Board Members
6
Independent Board Members
5
Employees
2

Preparer

Firm
Gaskins CPA LLC
Address
7304 CARROLL AVE, TAKOMA PARK, MD 20912
Preparer
Trevor Gaskins
Phone
2026775684
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IRS990/Desc0The 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 social needs, essential. We have three powerful programs: 318 VISION, ACTION, and SPORTS, that holistically aims to support these needs, with a focus on mentorship and hands-on training, enabling us to meet girls where they are and provide enriching and engaging experiences that inspire growth, empowerment, and the formation of new networks to create opportunities. Partnering with local schools and universities, especially HBCUs, our 318 VISION and 318 ACTION initiatives identify high school girls with leadership potential and offer tailored experiences such as mentorship, curriculum, leadership trips, career exposure, and college tours. Through 318 SPORTS, we provide elite sports training and holistic leadership development, bridging the gap for athletes who may need more resources or exposure for their desired level of competition. Our programs aim to support girls as they enhance their intellectual curiosity and personal growth. Ultimately, the 318 Foundation is committed to advancing girls' learning, personal development, and community engagement through sports and mentorship.Our 318 VISION program is dedicated to empowering high school girls with transformative opportunities for self-discovery, focusing on the pillars of VOICE, IDENTITY, SUCCESS, INNOVATION, OPPORTUNITY, and NETWORKING (VISION). To achieve this, we have cultivated a diverse and dedicated group of mentors comprising executives, athletes, entrepreneurs, influencers, and college students, all of whom are eager to share their life experiences. These mentors engage with our youth participants, called VISIONARIES, building meaningful mentor-mentee relationships. In the majority of our schools, we work with students daily for 1-2hours collaborating closely with lead teachers and school principals, leveraging their strong relationships to effectively motivate the VISIONARIES. Each programmatic theme lasts over the course of one month, with some themes extending based on the needs of the VISIONARIES. Our proprietary curriculum enhances academic skills like writing and critical thinking, fostering self-discovery and personal growth. Our approach prioritizes mentorship as critical engagement,shifting the deficit-based models to empower students to enter classrooms and communities withconfidence and agency. In 2023, we focused on VISIONARIES advocating for themselves by understanding the power of their voice. Our curriculum includes lessons around understanding personal strengths and articulating thoughts, which creates opportunities for us to teach lessons on public speaking. While engaging in these lessons, VISIONARIES practice new skills amongst their peers, community members, and collegiate and professional mentors. VISION brings together the expertise of youth workers and educators to create a collaborative and student-centered learningenvironment. Our focus on giving power back to both students and teachers transforms systems by prioritizing student voice and critical thinking over passive learning. This approach has engaged more parents as students share their experiences at home, leading to increased interest and support for our program. Empowering students and redefining the educational landscape prepares VISIONARIES for success and walks alongside parents and guardians in this effort.Our program revitalizes traditional mentoring by introducing girls to new career opportunities that might be unavailable in their immediate communities. We've developed an innovative delivery model that unlocks doors to unexplored career paths and established extended mentorship networks. Unlike conventional mentoring, we offer a diverse menu of m
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IRS990/Form990PartVIISectionAGrp/PersonNm0Alana Beard
IRS990/Form990PartVIISectionAGrp/PersonNm1Ketsia Colimon Stroder
IRS990/Form990PartVIISectionAGrp/PersonNm2Steve Miller
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IRS990/MissionDesc0The 318 Foundation is a 501(c)(3) nonprofit organization focused on improving college, career, and life outcomes for Black girls in historically underserved communities through mentorship, immersive experiences, and sports. Our programs focus on leadership development, academic enrichment, and elite sportstraining. Partnering with local schools/universities, especially HBCUs, we offer mentorship, trips, career exposure, and college tours through 318 VISION/ACTION. Through 318 SPORTS, we provide leadership development. Our goal is to support girls' intellectual curiosity and personal growth.
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Alana Beard
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0287407
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0328021
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0518803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0100500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0111100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0730403
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02895
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02895
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0730403
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0518803
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0100500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0111100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0730403
IRS990ScheduleA/TotalSupportAmt0733298
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the 990 tax return is provided to the board members responsible for reviewing financial matters impacting the organization prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Independent board directors review and approve executive compensation agreements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board's finance committee is responsible for reviewing and approving officer compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt056564
IRS990/TotalAssetsEOYAmt0343971
IRS990/TotalAssetsGrp/BOYAmt056564
IRS990/TotalAssetsGrp/EOYAmt0343971
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0518803
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028860
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019787
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0185644
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234291
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt056564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0343971
IRS990/TotalProgramServiceExpensesAmt0185644
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt053098
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02895
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0521698
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt056564
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0343971
IRS990/TravelGrp/FundraisingAmt01871
IRS990/TravelGrp/ManagementAndGeneralAmt0863
IRS990/TravelGrp/ProgramServicesAmt011655
IRS990/TravelGrp/TotalAmt014389
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05115 ELSMERE AVE
IRS990/USAddress/CityNm0BETHESDA
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020814
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.318foundation.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Alana Beard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0318 Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0318F
ReturnHeader/Filer/EIN0861321791
ReturnHeader/Filer/USAddress/AddressLine1Txt05115 ELSMERE AVE
ReturnHeader/Filer/USAddress/CityNm0BETHESDA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020814
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844016051
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GASKINS CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07304 CARROLL AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TAKOMA PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020912
ReturnHeader/PreparerPersonGrp/PhoneNum02026775684
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TREVOR GASKINS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-22T09:46:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Alana
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Beard
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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