Nonprofit · EIN 82-1034101
FOSTERING YOUTH INDEPENDENCE
Tax-exempt · SANTA CLARITA, CA 91380
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $346,786 | $305,158 | $41,628 | $348,305 | $7,572 | $340,733 |
| December 31, 2024 | 990 | $318,347 | $298,012 | $20,335 | $304,119 | $5,180 | $298,939 |
| December 31, 2023 | 990 | $335,766 | $308,737 | $27,029 | $284,131 | $5,767 | $278,364 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $344,764
- of which government grants
- $57,404
- Program service revenue
- $0
- Investment income
- $2,022
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $68,560
- Other salaries and wages
- $144,074
- Salaries, compensation and benefits (total)
- $231,917
- Professional fundraising fees
- $0
- Legal fees
- $2,340
- Occupancy
- $2,880
- Depreciation
- $119
- Program services (functional)
- $304,158
- Management and general (functional)
- $501
- Fundraising (functional)
- $499
Balance sheet and other
- Total assets, start of year
- $304,119
- Total assets, end of year
- $348,305
- Total liabilities, end of year
- $7,572
- Net assets, end of year
- $340,733
- Land, buildings and equipment
- $1,012
- Gross receipts
- $346,786
- Employees
- 10
- Volunteers
- 100
- Year formed
- 2017
- State of legal domicile
- CA
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carolyn Olsen | Treasurer Officer | 40 | $68,560 |
| Michael Hubbard | Director Trustee or director | 1 | $0 |
| Holly Thompson | Director Trustee or director | 1 | $0 |
| Karen Benavides-Chavez | Director Trustee or director | 1 | $0 |
| Amanda Sattler | Director Trustee or director | 1 | $0 |
| Brian Inamine | Director Trustee or director | 0 | $0 |
| Darlena Krupa | Director Trustee or director | 0 | $0 |
| Julie Benson Krumrine | Secretary Officer | 1 | $0 |
| Stephen Snow | Chairman Officer | 1 | $0 |
| Katy Williams | Former | 0 | $0 |
| Scott Shepard | Former | 0 | $0 |
| Linda Teeter | Director | 0 | $0 |
| Lois Bauccio | Director | 0 | $0 |
| Wilfredo Herrera | Director | 0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carolyn Olsen | Treasurer Officer | 40 | $66,480 |
| Holly Thompson | Director Trustee or director | 1 | $0 |
| Karen Benavides-Chavez | Director Trustee or director | 1 | $0 |
| Amanda Sattler | Director Trustee or director | 1 | $0 |
| Linda Teeter | Director Trustee or director | 1 | $0 |
| Lois Bauccio | Director Trustee or director | 1 | $0 |
| Wilffredo Herrera | Director Trustee or director | 1 | $0 |
| Julie Benson Krumrine | Secretary Officer | 1 | $0 |
| Stephen Snow | Chairman Officer | 1 | $0 |
| Katy Williams | Former | 0 | $0 |
| Scott Shepard | Former | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carolyn Olsen | Treasurer Officer | 40 | $62,000 |
| Katy Williams | Director Trustee or director | 1 | $0 |
| Holly Thompson | Director Trustee or director | 1 | $0 |
| Karen Benavides-Chavez | Director Trustee or director | 1 | $0 |
| Linda Teeter | Director Trustee or director | 1 | $0 |
| Lois Bauccio | Director Trustee or director | 1 | $0 |
| Scott Shepard | Director Trustee or director | 1 | $0 |
| Julie Benson Krumrine | Secretary Officer | 1 | $0 |
| Stephen Snow | Chairman Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 801604, SANTA CLARITA, CA 91380-1604
- In care of
- % CAROLYN OLSEN
- Mailing address (990-N for 2017)
- PO Box 801604, Santa Clarita CA 91380
- Principal officer (990 for 2025)
- Carolyn Olsen, PO BOX 801604, Santa Clarita, CA 91380
- Principal officer (990-N for 2017)
- Carolyn Olsen, 27349 Linden Ln, Valencia CA 91354
- Signed the 990
- Carolyn Olsen, Executive Director
- Phone
- (661) 360-1500
- Website
- www.fyifosteryouth.org
- Return prepared by
- Zivetz Schwartz & Saltsman CPAs PC
California records
California keeps its own records of charities and corporations. Search them by EIN 82-1034101 or by the name FOSTERING YOUTH INDEPENDENCE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Our mission is to equip foster youth to complete post-secondary education and become successful, independent adults.
Program accomplishments
- Provide case management, mentorship and guidance to youth aging out of the foster care system.Expenses $304,158
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-1034101
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $348,305
- Income (IRS master file)
- $346,786
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $346,786 | $305,158 | $348,305 | XML |
| 990 | December 2024 | $318,347 | $298,012 | $304,119 | IRS |
| 990 | December 2023 | $335,766 | $308,737 | $284,131 | XML |
| 990 | December 2022 | $260,167 | $172,416 | $253,785 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Carolyn Olsen | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-1034101).
Questions about FOSTERING YOUTH INDEPENDENCE
- What is the EIN of FOSTERING YOUTH INDEPENDENCE?
- The employer identification number (EIN) of FOSTERING YOUTH INDEPENDENCE is 82-1034101.
- Is FOSTERING YOUTH INDEPENDENCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FOSTERING YOUTH INDEPENDENCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOSTERING YOUTH INDEPENDENCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOSTERING YOUTH INDEPENDENCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOSTERING YOUTH INDEPENDENCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FOSTERING YOUTH INDEPENDENCE?
- The 990 for the year ended December 31, 2025 names Carolyn Olsen.
- Who are the officers and directors of FOSTERING YOUTH INDEPENDENCE?
- The 990 for the year ended December 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $68,560 (Carolyn Olsen, Treasurer).
- How much revenue does FOSTERING YOUTH INDEPENDENCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $346,786, expenses of $305,158 and total assets of $348,305 at year end.
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All nonprofits in SANTA CLARITA · California · Youth development