Civic Intelligence

Partnership for the Future Inc.

990 • Fiscal year 2019 • EIN 31-1482889

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 16, 2020

4521 Highwoods ParkwayGlen Allen, VA 23060

(804) 965-1769

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

31st percentile

0.03x

Higher debt load relative to revenue than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,811,470

Up $172,395 (+11%) from 2018

Net Assets

Up

$1,784,165

Up $175,657 (+11%) from 2018

Liabilities

Down

$27,305

Down $3,262 (-11%) from 2018

Revenue

Up

$1,002,356

Up $110,480 (+12%) from 2018

Expenses

Up

$826,699

Up $155,665 (+23%) from 2018

Net Income

Down

$175,657

Down $45,185 (-20%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $934,322Liabilities 2010: $6,632Net Assets 2010: $927,6902010Assets 2013: $1,057,809Liabilities 2013: $7,110Net Assets 2013: $1,050,6992013Assets 2014: $1,024,197Liabilities 2014: $4,939Net Assets 2014: $1,019,2582014Assets 2015: $1,074,142Liabilities 2015: $14,659Net Assets 2015: $1,059,4832015Assets 2016: $1,259,391Liabilities 2016: $29,337Net Assets 2016: $1,230,0542016Assets 2017: $1,426,839Liabilities 2017: $39,173Net Assets 2017: $1,387,6662017Assets 2018: $1,639,075Liabilities 2018: $30,567Net Assets 2018: $1,608,5082018Assets 2019: $1,811,470Liabilities 2019: $27,305Net Assets 2019: $1,784,1652019Assets 2020: $1,956,307Liabilities 2020: $51,709Net Assets 2020: $1,904,5982020Assets 2021: $1,954,717Liabilities 2021: $17,605Net Assets 2021: $1,937,1122021Assets 2024: $1,766,995Liabilities 2024: $232,043Net Assets 2024: $1,534,9522024

Highlighted filing

2019

Assets$1,811,470
Liabilities$27,305
Net Assets$1,784,165

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $370,8512010Revenue 2013: $659,663Expenses 2013: $545,484Net Income 2013: $114,1792013Revenue 2014: $564,485Expenses 2014: $595,926Net Income 2014: -$31,4412014Revenue 2015: $640,905Expenses 2015: $600,680Net Income 2015: $40,2252015Revenue 2016: $822,768Expenses 2016: $652,197Net Income 2016: $170,5712016Revenue 2017: $820,603Expenses 2017: $662,991Net Income 2017: $157,6122017Revenue 2018: $891,876Expenses 2018: $671,034Net Income 2018: $220,8422018Revenue 2019: $1,002,356Expenses 2019: $826,699Net Income 2019: $175,6572019Revenue 2020: $794,836Expenses 2020: $674,403Net Income 2020: $120,4332020Revenue 2021: $1,125,328Expenses 2021: $1,092,814Net Income 2021: $32,5142021Revenue 2024: $1,789,290Expenses 2024: $1,792,965Net Income 2024: -$3,6752024

Highlighted filing

2019

Revenue$1,002,356
Expenses$826,699
Net Income$175,657
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 16, 2020
Return Version
2019v5.1
Gross Receipts
$1,002,356
Mission and Program Overview

Mission

Partnership for the future equips high achieving high school students for success in college and beyond.

Partnership for the future (pff) is a high school internship and college preparation program that utilizes a holistic approach to life skills and education. Partnership for the future's mission is to ensure that every motivated student with limited resources has a workplace internship in high school and can attend the college of his or her choice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,392,469$1,534,313▲ $141,844
Cash and Non-Interest-Bearing Accounts$88,284$110,922▲ $22,638
Investments Other Securities$85,161$94,374▲ $9,213
Pledges and Grants Receivable$73,161$70,845▼ $2,316
Land, Buildings, and Equipment, Net$0$1,016▲ $1,016
Total Assets$1,639,075$1,811,470▲ $172,395
Liabilities
Accounts Payable and Accrued Expenses$30,567$27,305▼ $3,262
Total Liabilities$30,567$27,305▼ $3,262
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,281,203$1,263,929▼ $17,274
Net Assets Without Donor Restrictions$327,305$520,236▲ $192,931
Total Net Assets Fund Balance$1,608,508$1,784,165▲ $175,657
Total Liabilities and Net Assets / Fund Balance$1,639,075$1,811,470▲ $172,395

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,016$62$1,078
Other Securities$94,374--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeffrey P WolfeChairman
Charleita M RichardsonPresident & CEO
Austin WelderVice Chairman
Brian RonnauDirector
Candy HippleDirector
David WalkerDirector
Jennifer CulhaneDirector
John AtkinsonDirector
Joi DeanDirector
Kris JohnsonDirector
Kristy S MarshallDirector
Samuel TarryDirector
Alan KirshnerDirector Emeritus
Laverne SpurlockDirector Emeritus
Chasity MillerSecretary
Mary Allen WallerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$958,336
Program Service Revenue
$0
Investment Income
$26,311
Other Revenue
$17,709
All Other Contributions
$958,336
Change in Net Assets
$175,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,002,356
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$349,061
Total Revenue per Audited Statements
$1,351,417
Total Revenue per Form 990
$1,002,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$398,498
Salaries, Compensation, and Employee Benefits$344,567
Total Fundraising Expense$114,414
Grants and Similar Amounts Paid$83,634
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$252,020$9,856$-2,256$259,620
Fees for Services Other$11,243$12,850$90,625$114,718
Grants to Domestic Individuals$83,634--$83,634
Other Expenses$35,422$367$1,961$37,750
Other Employee Benefits$28,335$2,149$4,226$34,710
Payroll Taxes$27,470$1,542$5,234$34,246
All Other Expenses$19,988$3,495$1,841$25,324
Pension Plan Contributions$8,795$800$6,396$15,991
Fees for Services Accounting-$11,250-$11,250
Insurance$2,568$233$1,868$4,669
Advertising--$442$442
Depreciation Depletion$42$4$16$62
Total Functional Expenses$668,224$44,061$114,414$826,699

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,175,760
Expenses per Audited Statements$826,699
Total Expenses per Form 990$826,699
Expenses Not Reported on Form 990$349,061
Expenses Not Reported on Financial Statements$0
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
Audit committee
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
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

Form 990, Part VI, Section A, Line 2

The following board members are all employed by the markel corporation: - alan kirshner - charleita richardson - mary allen waller

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

The business manager reviews the 990 with the president & ceo and the board treasurer. A copy of the draft 990 is then made available to the full board for review before filing with the irs.

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

All pff board members are required to disclose annually interests that could give rise to conflicts and abstain from voting when appropriate. Pff collects annually from each pff board member a conflict of interest disclosure questionnaire, which requires each board member to list any direct or indirect affiliations such board member or his/her respective family members have that might give rise to a conflict of interest as defined in the board-approved conflict of interest policy. The board of directors or a committee of the board of directors determines if there are any potential conflicts of interest or violations of the conflict of interest policy. If so, appropriate action is taken to resolve any such conflicts or violations.

Form 990, Part VI, Section C, Line 19

Partnership for the future makes its governing documents, conflict of interest policy & audited financial statements public via the web and upon request.

Filing and Contact Details

Filer

Filer Name
Partnership for the Future
EIN
31-1482889
Phone
8049651769
Address
4521 HIGHWOODS PARKWAY, GLEN ALLEN, VA 23060

Signing Officer

Name
Charleita M Richardson
Title
President & CEO
Phone
8049651769
Signed
2020-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charleita M Richardson
Formed
1996
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
76
Volunteers
350

Preparer

Firm
Keiterstephenshurstgary & Shreavespc
Address
4401 DOMINION BLVD, GLEN ALLEN, VA 23060
Preparer
Jayme Mika
Phone
8047470000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Background checks: program service expenses 988. Management and general expenses 0. Fundraising expenses 0. Total expenses 988. Fundraising consulting services: program service expenses 0. Management and general expenses 0. Fundraising expenses 90,625. Total expenses 90,625. Other professional fees: program service expenses 10,255. Management and general expenses 12,850. Fundraising expenses 0. Total expenses 23,105.

Financial Statement Notes

PART X, LINE 2:

The organization has adopted accounting guidance related to uncertainty in income taxes, which prescribes the minimum recognition threshold that a tax position is required to meet before being recognized in the organization's financial statements. In accordance with this guidance, the organization discloses the expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the facts and the organization's position and records unrecognized tax benefits or liabilities for known, or anticipated tax issues based on the organization's analysis of whether additional taxes would be due to the authority given their full knowledge of the tax position. The organization's assessments for 2019 and 2018 determined that there were no tax positions which would require recognition. The organization is not currently under audit by any tax jurisdiction.

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IRS990/ActivityOrMissionDesc0PARTNERSHIP FOR THE FUTURE (PFF) IS A HIGH SCHOOL INTERNSHIP AND COLLEGE PREPARATION PROGRAM THAT UTILIZES A HOLISTIC APPROACH TO LIFE SKILLS AND EDUCATION. PARTNERSHIP FOR THE FUTURE'S MISSION IS TO ENSURE THAT EVERY MOTIVATED STUDENT WITH LIMITED RESOURCES HAS A WORKPLACE INTERNSHIP IN HIGH SCHOOL AND CAN ATTEND THE COLLEGE OF HIS OR HER CHOICE.
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IRS990/Form990PartVIISectionAGrp/PersonNm10KRISTY S MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm11BRIAN RONNAU
IRS990/Form990PartVIISectionAGrp/PersonNm12SAMUEL TARRY
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID WALKER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/FormationYr01996
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENSURE THAT EVERY MOTIVATED STUDENT WITH LIMITED RESOURCES HAS A WORKPLACE INTERNSHIP IN HIGH SCHOOL AND CAN ATTEND THE COLLEGE OF HIS OR HER CHOICE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04226
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02149
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028335
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034710
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1COMPUTER SUPPLIES AND M
IRS990/OtherExpensesGrp/Desc2SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc3TRANSPORTATION
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IRS990/OtherExpensesGrp/FundraisingAmt11961
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01515
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IRS990/OtherExpensesGrp/ProgramServicesAmt249407
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IRS990/OtherExpensesGrp/TotalAmt249407
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1SPECIAL EVENTS
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IRS990/PartialLiquidationInd00
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IRS990/PensionPlanContributionsGrp/FundraisingAmt06396
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0800
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08795
IRS990/PensionPlanContributionsGrp/TotalAmt015991
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHARLEITA M RICHARDSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SAT, ACT PREPARATION & STUDY SKILLS: SAT TEST SCORES REMAIN A KEY FACTOR IN COLLEGE ADMISSIONS. THE ACT TEST SERVES AS ANOTHER OPPORTUNITY FOR STUDENTS TO RAISE THEIR SCORES AND TRADITIONALLY, STUDENTS WILL DO BETTER ON ONE TEST OVER THE OTHER; THEREFORE, IT IS ESSENTIAL FOR STUDENTS TO PREPARE IN BOTH AREAS. PREP COURSES AND TUTORIALS ARE INCREASINGLY USED TO GIVE APPLICANTS A COMPETITIVE EDGE. SUCH PROGRAMS ARE OFTEN COST PROHIBITIVE FOR LOW-INCOME STUDENTS. PFF PROVIDES PRIVATE SAT & ACT PREP COURSES FOR ITS STUDENTS. SINCE 2007, THE SCORES HAVE INCREASED ON AVERAGE 172 POINTS. IN 2019, SAT SCORES INCREASED ON AVERAGE 100 POINTS. IN ADDITION, STUDENTS RECEIVE TEST TAKING AND STUDY SKILLS TRAINING COURSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09560
IRS990/ProgSrvcAccomActy3Grp/Desc0COLLEGE TOURS & FAIRS: PARTICIPANTS ARE EXPOSED TO A VARIETY OF COLLEGES VIA COLLEGE TOURS AND FAIRS. THESE TOURS (BOTH DAY TRIPS & OVERNIGHTS) ALLOW THE STUDENT TO VISIT SOME OF THE BEST SCHOOLS IN VIRGINIA, NORTH CAROLINA, AND MARYLAND. IN ADDITION, THE STUDENTS PARTICIPATE IN A PRIVATE COLLEGE FAIR DESIGNED SPECIFICALLY FOR THEM.
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IRS990/PYOtherRevenueAmt0200
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0220842
IRS990/PYSalariesCompEmpBnftPaidAmt0289229
IRS990/PYTotalExpensesAmt0671034
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0891876
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0175657
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01392469
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01534313
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0804592
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0794524
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IRS990ScheduleA/SubstantialContributorsTotAmt0898640
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0804592
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01213711
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0794524
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04857167
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0349061
IRS990ScheduleD/DonatedServicesUseFcltsAmt0349061
IRS990ScheduleD/EquipmentGrp/BookValueAmt01016
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01078
IRS990ScheduleD/ExpensesNotReportedAmt0349061
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0826699
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0BENEFICIAL INTEREST IN ASSET HELD BY TCF
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01002356
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED ACCOUNTING GUIDANCE RELATED TO UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. IN ACCORDANCE WITH THIS GUIDANCE, THE ORGANIZATION DISCLOSES THE EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE FACTS AND THE ORGANIZATION'S POSITION AND RECORDS UNRECOGNIZED TAX BENEFITS OR LIABILITIES FOR KNOWN, OR ANTICIPATED TAX ISSUES BASED ON THE ORGANIZATION'S ANALYSIS OF WHETHER ADDITIONAL TAXES WOULD BE DUE TO THE AUTHORITY GIVEN THEIR FULL KNOWLEDGE OF THE TAX POSITION. THE ORGANIZATION'S ASSESSMENTS FOR 2019 AND 2018 DETERMINED THAT THERE WERE NO TAX POSITIONS WHICH WOULD REQUIRE RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01016
IRS990ScheduleD/TotalBookValueSecuritiesAmt094374

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