Civic Intelligence

Future Ties Inc Nfp

990 • Fiscal year 2023 • EIN 27-5469921

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 02, 2024

Organization ProfileFUTURETIES.ORG

View Organization Page

3935 West 82nd StreetChicago, IL 60652

(773) 218-5510

Siviq Scores

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

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.21x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

6th percentile

-60%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

12th percentile

-12%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-36%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$1,318,017

Down $173,725 (-12%) from 2022

Net Assets

Down

$1,258,881

Down $170,735 (-12%) from 2022

Liabilities

Down

$59,136

Down $2,990 (-4.8%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin6th percentile

Revenue

Down

$285,842

Down $159,978 (-36%) from 2022

Expenses

Down

$456,577

Down $51,617 (-10%) from 2022

Net Income

Down

-$170,735

Down $108,361 (-174%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $443,856Liabilities 2020: $70,620Net Assets 2020: $373,2362020Assets 2021: $1,557,704Liabilities 2021: $65,714Net Assets 2021: $1,491,9902021Assets 2022: $1,491,742Liabilities 2022: $62,126Net Assets 2022: $1,429,6162022Assets 2023: $1,318,017Liabilities 2023: $59,136Net Assets 2023: $1,258,8812023Assets 2024: $1,264,213Liabilities 2024: $55,672Net Assets 2024: $1,208,5412024

Highlighted filing

2023

Assets$1,318,017
Liabilities$59,136
Net Assets$1,258,881
Open 2023 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $266,187Expenses 2020: $167,856Net Income 2020: $98,3312020Revenue 2021: $1,400,033Expenses 2021: $281,322Net Income 2021: $1,118,7112021Revenue 2022: $445,820Expenses 2022: $508,194Net Income 2022: -$62,3742022Revenue 2023: $285,842Expenses 2023: $456,577Net Income 2023: -$170,7352023Revenue 2024: $362,892Expenses 2024: $413,232Net Income 2024: -$50,3402024

Highlighted filing

2023

Revenue$285,842
Expenses$456,577
Net Income-$170,735
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 2, 2024
Return Version
2023v4.0
Gross Receipts
$285,842
Mission and Program Overview

Mission

Mentoring, tutoring, and enrighment programs for low income, at-risk youth. These individuals are given the opportunity to receive a higher education. We are dedicated to providing the information, support and connections that families need to assist them on the road to success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$877,319$873,847▼ $3,472
Cash and Non-Interest-Bearing Accounts$614,423$444,170▼ $170,253
Total Assets$1,491,742$1,318,017▼ $173,725
Liabilities
Unsecured Notes Loans Payable$62,126$59,136▼ $2,990
Total Liabilities$62,126$59,136▼ $2,990
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,313,856$1,161,846▼ $152,010
Net Assets With Donor Restrictions$115,760$97,035▼ $18,725
Total Net Assets Fund Balance$1,429,616$1,258,881▼ $170,735
Total Liabilities and Net Assets / Fund Balance$1,491,742$1,318,017▼ $173,725

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$833,847$43,544-
Land$40,000--
Equipment-$4,800-
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Stanton RobinsonChairman & Treasurer
Jennifer MaddoxExecutive Director
Idonna JacksonOutreach Worker
Ryan PriesterProgram Fundraising Member
Edward MorrisRecording Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$285,842
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$285,842
Change in Net Assets
$-170,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$344,972
Salaries, Compensation, and Employee Benefits$111,605
Total Fundraising Expense$15,355
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,662--$107,662
Fees for Services Other$83,015-$3,000$86,015
Occupancy-$52,652-$52,652
Depreciation Depletion$22,197--$22,197
Insurance$519$19,639-$20,158
Office Expenses$4,349$15,419-$19,768
All Other Expenses$15,350$2,690-$18,040
Advertising--$12,355$12,355
Fees for Services Accounting$5,500$5,990-$11,490
Other Expenses$6,186--$6,186
Payroll Taxes$3,943--$3,943
Information Technology-$3,045-$3,045
Total Functional Expenses$341,787$99,435$15,355$456,577
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“KIMBERLY MADDOX, CEO is mother of JENNIFER MADDOX, Executive Director.”

Form 990 governing body review Part VI line 11

“No review was conducted or will be conducted.”

Governing documents etc available to public Part VI line 19

“Governing documents are made available to the public upon request. The general public may contact the organization via contact information presented on the organizations website to make their request.”

Filing and Contact Details

Filer

Filer Name
Future Ties Inc Nfp
EIN
27-5469921
Address
3935 WEST 82ND STREET, CHICAGO, IL 60652

Signing Officer

Name
Jennifer Maddox
Title
Executive Direc
Phone
7732185510
Signed
2024-03-02
Discuss with paid preparer
No

Organization Details

Formed
2011
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
4

Preparer

Firm
The Financial Dream Team USA
Address
1671 MARKDALE LN, LINCOLN, CA 95648
Preparer
D Leon Clinton
Phone
4087789651
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Part ix statement of functional expenses line 11g program services othercontractors for general programs $83,015”

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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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IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt04800
IRS990ScheduleD/LandGrp/BookValueAmt040000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt040000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0873847
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KIMBERLY MADDOX, CEO is mother of JENNIFER MADDOX, Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS CONDUCTED OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE GENERAL PUBLIC MAY CONTACT THE ORGANIZATION VIA CONTACT INFORMATION PRESENTED ON THE ORGANIZATIONS WEBSITE TO MAKE THEIR REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 11G PROGRAM SERVICES OTHERCONTRACTORS FOR GENERAL PROGRAMS $83,015
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
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IRS990/TotalContributionsAmt0285842
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015355
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099435
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0341787
IRS990/TotalFunctionalExpensesGrp/TotalAmt0456577
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IRS990/TotalLiabilitiesEOYAmt059136
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/WebsiteAddressTxt0FUTURETIES.ORG
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER MADDOX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum07732185510
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-02
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ReturnHeader/Filer/BusinessNameControlTxt0FUTU
ReturnHeader/Filer/EIN0275469921
ReturnHeader/Filer/USAddress/AddressLine1Txt03935 WEST 82ND STREET
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060652
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770562781
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE FINANCIAL DREAM TEAM USA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01671 MARKDALE LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINCOLN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095648
ReturnHeader/PreparerPersonGrp/PhoneNum04087789651
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0D LEON CLINTON
ReturnHeader/ReturnTs02024-03-04T11:33:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MADDOX
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,318,017
Liabilities
$59,136
Net assets
$1,258,881
Revenue
$285,842
Expenses
$456,577
Net income
-$170,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.06$1.21$0.36$0.41$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.32$0.06$1.26$0.29$0.46$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.49$0.06$1.43$0.45$0.51$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.56$0.07$1.49$1.40$0.28$1.12
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.07$0.37$0.27$0.17$0.10