Civic Intelligence

The Future Project Inc

990 • Fiscal year 2023 • EIN 27-4374555

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization Profilewww.thefutureproject.org

View Organization Page

276 5th Ave Suite 704New York, NY 10001

(646) 481-6145

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

2.50x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

9.08x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2023

Net Margin

7th percentile

-112%

Higher net margin than 7% of similar nonprofits.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2023

Asset Growth

22nd percentile

-13%

Faster asset growth than 22% of similar nonprofits.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-65%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,172,665

Down $177,131 (-13%) from 2022

Net Assets

Down

-$1,754,181

Down $360,267 (-26%) from 2022

Liabilities

Up

$2,926,846

Up $183,136 (+6.7%) from 2022

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin7th percentile

Revenue

Down

$322,458

Down $596,920 (-65%) from 2022

Expenses

Down

$682,725

Down $584,938 (-46%) from 2022

Net Income

Down

-$360,267

Down $11,982 (-3.4%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2011: $8,886Liabilities 2011: $18,994Net Assets 2011: -$10,1082011Assets 2012: $92,565Liabilities 2012: $99,193Net Assets 2012: -$6,6282012Assets 2014: $174,667Liabilities 2014: $72,793Net Assets 2014: $101,8742014Assets 2015: $1,436,788Liabilities 2015: $536,673Net Assets 2015: $900,1152015Assets 2016: $1,970,334Liabilities 2016: $488,803Net Assets 2016: $1,481,5312016Assets 2018: $10,380,325Liabilities 2018: $4,209,268Net Assets 2018: $6,171,0572018Assets 2019: $4,980,858Liabilities 2019: $4,530,538Net Assets 2019: $450,3202019Assets 2020: $2,009,167Liabilities 2020: $1,954,686Net Assets 2020: $54,4812020Assets 2021: $1,618,172Liabilities 2021: $2,663,801Net Assets 2021: -$1,045,6292021Assets 2022: $1,349,796Liabilities 2022: $2,743,710Net Assets 2022: -$1,393,9142022Assets 2023: $1,172,665Liabilities 2023: $2,926,846Net Assets 2023: -$1,754,1812023

Highlighted filing

2023

Assets$1,172,665
Liabilities$2,926,846
Net Assets-$1,754,181
Open 2023 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $77,500Expenses 2011: $87,608Net Income 2011: -$10,1082011Expenses 2012: $1,174,2572012Revenue 2014: $2,383,597Expenses 2014: $2,540,311Net Income 2014: -$156,7142014Revenue 2015: $7,629,511Expenses 2015: $6,855,408Net Income 2015: $774,1032015Revenue 2016: $10,277,079Expenses 2016: $9,695,663Net Income 2016: $581,4162016Revenue 2018: $15,567,317Expenses 2018: $12,128,840Net Income 2018: $3,438,4772018Revenue 2019: $6,484,872Expenses 2019: $12,205,609Net Income 2019: -$5,720,7372019Revenue 2020: $2,705,380Expenses 2020: $3,101,219Net Income 2020: -$395,8392020Revenue 2021: $1,177,875Expenses 2021: $2,277,985Net Income 2021: -$1,100,1102021Revenue 2022: $919,378Expenses 2022: $1,267,663Net Income 2022: -$348,2852022Revenue 2023: $322,458Expenses 2023: $682,725Net Income 2023: -$360,2672023

Highlighted filing

2023

Revenue$322,458
Expenses$682,725
Net Income-$360,267
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$322,458
Mission and Program Overview

Mission

The Future Project's mission is to inspire young people to begin building the life and world of their dreams, and never stop. We focus on those students who would not otherwise have the opportunity or support to realize their greatness and share it with the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,166,064$1,166,064→ $0
Cash and Non-Interest-Bearing Accounts$183,732$6,601▼ $177,131
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,349,796$1,172,665▼ $177,131
Other Assets Total-$0-
Liabilities
Other Liabilities$1,317,627$1,507,015▲ $189,388
Accounts Payable and Accrued Expenses$1,426,083$1,419,831▼ $6,252
Total Liabilities$2,743,710$2,926,846▲ $183,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,393,914$-1,754,181▼ $360,267
Total Net Assets Fund Balance$-1,393,914$-1,754,181▼ $360,267
Total Liabilities and Net Assets / Fund Balance$1,349,796$1,172,665▼ $177,131

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$61,992$61,992
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Brendan CullenChair
Kanya BalaknshnaPresident
Mana VecchlottlVice Chair
Sam LeeVice Chair
Gemar MillsBoard Member
Jacqueline Hollier-JacksonBoard Member
Paula RecartBoard Member
Rod O'ConnerBoard Member
Andrew ManginoCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$322,458
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$322,458
Change in Net Assets
$-360,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$498,677
Other Expenses$184,048
Total Fundraising Expense$53,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$300,000$75,000$40,036$415,036
Other Employee Benefits$50,000$30,000$3,641$83,641
Fees for Services Other$70,000$6,711-$76,711
Interest-$40,231-$40,231
Occupancy$25,085--$25,085
Insurance-$16,456-$16,456
Office Expenses-$16,029-$16,029
Advertising--$9,536$9,536
Total Functional Expenses$445,085$184,427$53,213$682,725
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans Payable$1,507,015
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Management reviewed a draft of the form 990 with the audltlflnance committee and provided edits to the tax preparer After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.”

Form 990, Part VI, Section B, Line 12C

“The organization has a board approved conflicts of Interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their Interested party transactions.”

Form 990, Part VI, Section B, Line 15B

“The executive committee reviewed comparable salaries based on a recognized study and revlewed the performance of the CEO and President to determine if the existing salaries fell within these ranges. After a deliberation of this matter, proposed salary and benefit packages were voted on.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
The Future Project Inc
EIN
27-4374555
Phone
6464816145
Address
276 5th Ave Suite 704, New York, NY 10001

Signing Officer

Name
Kanya Balaknshna
Title
President
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
8
Employees
9

Preparer

Firm
Morse & Company CPAs LLP
Address
28445 Highgate Drive, Bonita Springs, FL 34135
Preparer
Dexter A Morse CPA
Phone
2127652200
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYContributionsGrantsAmt0919378
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0234143
IRS990/PYRevenuesLessExpensesAmt0-348285
IRS990/PYSalariesCompEmpBnftPaidAmt01033520
IRS990/PYTotalExpensesAmt01267663
IRS990/PYTotalRevenueAmt0919378
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-360267
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0919378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01177875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02279291
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05958919
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IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0919378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01177875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02279291
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05958919
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010646262
IRS990ScheduleA/TotalSupportAmt010646262
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061992
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01507015
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loans Payable
IRS990ScheduleD/TotalLiabilityAmt01507015
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management reviewed a draft of the form 990 with the audltlflnance committee and provided edits to the tax preparer After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has a board approved conflicts of Interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their Interested party transactions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive committee reviewed comparable salaries based on a recognized study and revlewed the performance of the CEO and President to determine if the existing salaries fell within these ranges. After a deliberation of this matter, proposed salary and benefit packages were voted on.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01349796
IRS990/TotalAssetsGrp/EOYAmt01172665
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IRS990/TotalContributionsAmt0322458
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt053213
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0184427
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0445085
IRS990/TotalFunctionalExpensesGrp/TotalAmt0682725
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IRS990/TotalLiabilitiesGrp/EOYAmt02926846
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01172665
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt0276 5th Ave Suite 704
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010001
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.thefutureproject.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kanya Balaknshna
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Future Project Inc
ReturnHeader/Filer/BusinessNameControlTxt0FUTU
ReturnHeader/Filer/EIN0274374555
ReturnHeader/Filer/PhoneNum06464816145
ReturnHeader/Filer/USAddress/AddressLine1Txt0276 5th Ave Suite 704
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263957706
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Morse & Company CPAs LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt028445 Highgate Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bonita Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034135
ReturnHeader/PreparerPersonGrp/PhoneNum02127652200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dexter A Morse CPA
ReturnHeader/ReturnTs02024-05-15T20:44:57-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kanya
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Balaknshna
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,172,665
Liabilities
$2,926,846
Net assets
-$1,754,181
Revenue
$322,458
Expenses
$682,725
Net income
-$360,267
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.17$2.93$1.75$0.32$0.68$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$2.74$1.39$0.92$1.27$0.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$2.66$1.05$1.18$2.28$1.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$1.95$0.05$2.71$3.10$0.40
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$4.53$0.45$6.48$12.2$5.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$4.21$6.17$15.6$12.1$3.44
2016Detailed filing. Detailed filing data is available for this year.$1.97$0.49$1.48$10.3$9.70$0.58
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.54$0.90$7.63$6.86$0.77
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.07$0.10$2.38$2.54$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.10$0.01$1.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.02$0.01$0.08$0.09$0.01