Poseiden Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
The Poseiden Foundation is a 501(c) 3 Nonprofit inspiring youth to pursue their passions and accomplish their dreams, through Empowerment, Love, and Support. We team up with our community, professional athletes, and city officials to create life-changing experiences for youth using the platform of skateboarding.
- Income
- $105,744
- Spending
- $112,390
- Reserves
- -0.7 months of spending
- Largest source of income
- donations and private grants, 51%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 6 out of 100. Higher than 1% of charities in its peer group (youth development, under $250k).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 131% of what it owns.
Living within its means
4 of 15Spending exceeded income by 6% of income.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $89,613 spent. Skateboarding Hall of Fame (June 20th September 24th) How many people helped: 15 What they did: Volunteers played a vital role in curating a welcoming and dynamic environment by assisting with event organization, greeting and guiding attendees, capturing key moments through media and photography, and supporting engaging workshops. How many participants: Over 500 attendees How participants were helped: Attendees were immersed in the rich history and evolving culture of skateboarding through interactive exhibits and educational sessions. They participated in hands-on skateboarding experiences and empowering workshops designed to inspire creativity, resilience, and a sense of community. Skateboarding Hall of Fame Argentina (November 1st 28th) How many people helped: 10 What they did: Volunteers ensured the success of the international event by coordinating logistics, welcoming participants, capturing event highlights, and offering translation services to bridge language gaps and foster inclusion. How many participants: Over 300 attendees How participants were helped: Participants gained meaningful exposure to the legacy and global impact of skateboarding. Newcomers were introduced to the sport in an inclusive and supportive setting, while educational workshops deepened understanding of skate culture and its values. Whats Your Superpower?! (June 20th November 1st) How many people helped: 12 What they did: Volunteers led transformative programming by organizing workshops, registering and supporting attendees, facilitating empowering group discussions, and documenting the journey through media. How many participants: Over 400 youth participated How participants were helped: Youth were engaged in a series of creative and confidence-building workshops focused on self-expression, leadership, and mental well-being. Through skateboarding and arts-based activities, participants explored their unique identities and discovered their personal "superpowers." Princemas (December 15th 24th) How many people helped: 20 What they did: Volunteers spread joy during the holiday season by planning festive events, distributing gifts and gear, providing inclusive skateboarding instruction, and capturing the celebration on media platforms. How many participants: Over 600 youth participated How participants were helped: The holiday spirit was brought to life through community-centered events that offered youth new skateboarding gear, skill-building sessions, and joyful moments of connection and celebration during a meaningful time of year. Skate Safari (May 1st 31st) How many people helped: 18 What they did: Volunteers helped create adventurous and educational experiences by handling participant check-ins, leading skateboarding clinics, documenting events, and guiding outdoor exploration activities. How many participants: Over 300 youth participated How participants were helped: Participants enjoyed a unique blend of nature and skateboarding through outdoor adventures and skill-building workshops. Safety, creativity, and community were central themes, and many under-resourced youth received skate gear donations to support their continued growth in the sport.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2008.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.