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Nonprofit · EIN 91-1265474

FOSTER FOUNDATION

Tax-exempt · KIRKLAND, WA 98033

Financials

$2.1M$2.2M2023$9.9M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of FOSTER FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$9,923,130$2,873,985$7,049,145$57,067,901$0$57,067,901
December 31, 2023990-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.

NameTitleHours / weekCompensation
KAREN O ROWE
13 CENTRAL WAY, KIRKLAND, WA 98033
CORP. SECRETARY/TREASURER15$78,750
MICHAEL G FOSTER JR
13 CENTRAL WAY, KIRKLAND, WA 98033
PRESIDENT3$30,000
TODD PATRICK
13 CENTRAL WAY, KIRKLAND, WA 98033
DIRECTOR1$10,000
J BRADFORD SMITH
13 CENTRAL WAY, KIRKLAND, WA 98033
DIRECTOR1$10,000
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KAREN O ROWE
13 CENTRAL WAY, KIRKLAND, WA 98033
CORP. SECRETARY/TREASURER15$78,750
MICHAEL G FOSTER JR
13 CENTRAL WAY, KIRKLAND, WA 98033
PRESIDENT3$30,000
TODD PATRICK
13 CENTRAL WAY, KIRKLAND, WA 98033
DIRECTOR1$10,000
J BRADFORD SMITH
13 CENTRAL WAY, KIRKLAND, WA 98033
DIRECTOR1$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
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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-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

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$9,923,130$2,873,985$57,067,901XML
990-TDecember 2024–––IRS
990-PFDecember 2023$2,124,692$2,178,365$50,018,756XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 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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