318 Foundation Inc
Nonprofit profile at a glance
- EIN
- 861321791
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025, Form 990-EZ 2022
- Location
- Gaithersburg, MD, USA
- Phone
- 2024689384
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $769,408
- Expenses
- $625,163
- Assets
- $279,331
- Liabilities
- $7,225
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- ALANA BEARD (PRESIDENT &)
Highest reported compensation
- ALANA BEARD (PRESIDENT &): $85,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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. Through 318 sports, we provide leadership development. Our goal is to support girls' intellectual curiosity and personal growth.
What it reported doing in 2025
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 1-2 hours 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 with confidence 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 learning environment. 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 mentorship options through our programs. This allows girls to choose support tailored to their aspirations, creating a personalized and impactful experience. We broaden their horizons and empower them to envision careers beyond their local community. For example, in places like shreveport, la, where nursing roles often dominate the workforce, our program introduces girls to mentors who share their experiences, offering a glimpse of various career options beyond nursing. The action program is the dynamic out-of-school programming of vision, offering an enriching journey of personal growth and leadership development. Through immersive experiences, including domestic and international travel, community engagement, leadership conferences, college tours, and career enrichment opportunities, action seeks to expand horizons, ignite passions, and equip girls with the tools they need to thrive. Some of the experiences weve curated include group dinners, holiday parties for visionaries and their families, a week-long summer youth leadership conference attended by two visionaries, and a 3-day action trip that consisted of three college tours to xavier university (see powerful video here), baton rouge community college and Louisiana state university. This trip allowed visionaries to experience multiple iterations of what postsecondary academics look like. In addition to the college tours, the visionaries participated i
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 80
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.3%; rating input score 62
- Program expense ratio: 76.6%; rating input score 77
- Fundraising efficiency: $27.76 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 18.7%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 13.6%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 45% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 41.5% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 33.1% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 62.3% of revenue deployed · 76.6% of spending went to programs
- Governance: 5 of 6 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $479K in reported program spending
- Leadership: top reported pay $85K · 6 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Officer compensation ratio scored 28/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.