Nonprofit · EIN 91-1265474
FOSTER FOUNDATION
Tax-exempt · KIRKLAND, WA 98033
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $9,923,130 | $2,873,985 | $7,049,145 | $57,067,901 | $0 | $57,067,901 |
| December 31, 2023 | 990-PF | $2,124,692 | $2,178,365 | -$53,673 | $50,018,756 | $0 | $50,018,756 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,567,589
- Dividends
- $1,575,260
- Net gain from sales of assets
- $2,779,134
- Other income
- $1,147
Expenses
- Grants and similar amounts paid
- $2,285,350
- Compensation of officers, directors and key employees
- $102,567
- Disbursements for charitable purposes
- $2,409,531
- Excise tax on investment income
- $54,523
Balance sheet and other
- Total assets, start of year
- $50,018,756
- Total assets, end of year
- $57,067,901
- Total liabilities, end of year
- $0
- Net assets, end of year
- $57,067,901
- Fair market value of assets
- $58,559,788
- Qualifying distributions
- $2,409,531
- Net investment income
- $4,315,479
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN O ROWE 13 CENTRAL WAY, KIRKLAND, WA 98033 | CORP. SECRETARY/TREASURER | 15 | $78,750 |
| MICHAEL G FOSTER JR 13 CENTRAL WAY, KIRKLAND, WA 98033 | PRESIDENT | 3 | $30,000 |
| TODD PATRICK 13 CENTRAL WAY, KIRKLAND, WA 98033 | DIRECTOR | 1 | $10,000 |
| J BRADFORD SMITH 13 CENTRAL WAY, KIRKLAND, WA 98033 | DIRECTOR | 1 | $10,000 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN O ROWE 13 CENTRAL WAY, KIRKLAND, WA 98033 | CORP. SECRETARY/TREASURER | 15 | $78,750 |
| MICHAEL G FOSTER JR 13 CENTRAL WAY, KIRKLAND, WA 98033 | PRESIDENT | 3 | $30,000 |
| TODD PATRICK 13 CENTRAL WAY, KIRKLAND, WA 98033 | DIRECTOR | 1 | $10,000 |
| J BRADFORD SMITH 13 CENTRAL WAY, KIRKLAND, WA 98033 | DIRECTOR | 1 | $10,000 |
Address and contacts
- Address (IRS master file)
- 13 CENTRAL WAY, KIRKLAND, WA 98033-6105
- Signed the 990-PF
- MICHAEL G FOSTER JR, PRESIDENT
- Phone
- (206) 726-1815
- Website
- WWW.THEFOSTERFOUNDATION.ORG
- Return prepared by
- DELOITTE TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 91-1265474
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $57,067,901
- Income (IRS master file)
- $45,555,231
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $9,923,130 | $2,873,985 | $57,067,901 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,124,692 | $2,178,365 | $50,018,756 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-1265474).
Questions about FOSTER FOUNDATION
- What is the EIN of FOSTER FOUNDATION?
- The employer identification number (EIN) of FOSTER FOUNDATION is 91-1265474.
- Is FOSTER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to FOSTER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FOSTER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FOSTER FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOSTER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FOSTER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $78,750 (KAREN O ROWE, CORP. SECRETARY/TREASURER).
- How much revenue does FOSTER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $9,923,130, expenses of $2,873,985 and total assets of $57,067,901 at year end.
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