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Filing year 2024

318 FOUNDATION INC

Gaithersburg, Maryland·EIN 86-1321791·NTEE O50 · Youth Development·501(c)(3)
Total revenue
$214k
Total assets
$131k
Total expenses
$430k
Reported officers
6
Mission

THE 318 FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION FOCUSED ON EMPOWERING BLACK GIRLS AND MARGINALIZED COMMUNITIES THROUGH MENTORSHIP, IMMERSIVE EXPERIENCES, AND SPORTS. OUR PROGRAMS FOCUS ON LEADERSHIP DEVELOPMENT, ACADEMIC ENRICHMENT, AND ELITE SPORTS TRAINING. 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.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Youth Development organizations in Maryland.

President &
Median to 75th percentile
$85k
$90k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Youth Development

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at 318 FOUNDATION INC equaled 20% of the organization's total expenses. The median for youth development organizations is 11%.

This organization (2024)
20%
Sector median
11%
Middle half of sector
5% to 21%

Based on 5,229 youth development organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 60%
from 2023

From $53k in 2023 to $85k in 2024.

$53k
2023
$85k
2024
In today's dollarsEst.
Up 55% in real terms$58k to $90k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 60% from 2023 to 2024, while revenue fell 59%.

$53k in 2023 to $85k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about 318 FOUNDATION INC

What does the Chief Executive Officer of 318 FOUNDATION INC earn?

In 2024, the Chief Executive Officer of 318 FOUNDATION INC received $85,000 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Youth Development organizations in Maryland, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at 318 FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Youth Development organizations in Maryland, the 2024 pay of the Chief Executive Officer at 318 FOUNDATION INC falls between the median and the 75th percentile. In 2024, the highest total compensation at 318 FOUNDATION INC equaled 20% of the organization's total expenses. The median for youth development organizations is 11%.

What are 318 FOUNDATION INC's revenue and expenses?

In 2024, 318 FOUNDATION INC reported $214k in total revenue and $430k in total expenses on its IRS Form 990.

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