Civic Intelligence

Partnership for the Future Inc.

990 • Fiscal year 2020 • EIN 31-1482889

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 26, 2021

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

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.07x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$17,236

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

55th percentile

8.0%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-21%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,956,307

Up $317,232 (+19%) from 2018

Net Assets

Up

$1,904,598

Up $296,090 (+18%) from 2018

Liabilities

Up

$51,709

Up $21,142 (+69%) from 2018

Revenue

Down

$794,836

Down $97,040 (-11%) from 2018

Expenses

Up

$674,403

Up $3,369 (+0.5%) from 2018

Net Income

Down

$120,433

Down $100,409 (-45%) 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 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

2020

Assets$1,956,307
Liabilities$51,709
Net Assets$1,904,598

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 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

2020

Revenue$794,836
Expenses$674,403
Net Income$120,433
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 26, 2021
Return Version
2020v4.1
Gross Receipts
$794,836
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$1,534,313$1,460,708▼ $73,605
Cash and Non-Interest-Bearing Accounts$110,922$252,613▲ $141,691
Pledges and Grants Receivable$70,845$118,391▲ $47,546
Investments Other Securities$94,374$105,720▲ $11,346
Land, Buildings, and Equipment, Net$1,016$10,705▲ $9,689
Prepaid Expenses and Deferred Charges$0$8,170▲ $8,170
Total Assets$1,811,470$1,956,307▲ $144,837
Liabilities
Other Liabilities$0$31,800▲ $31,800
Accounts Payable and Accrued Expenses$27,305$19,909▼ $7,396
Total Liabilities$27,305$51,709▲ $24,404
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$520,236$958,847▲ $438,611
Net Assets With Donor Restrictions$1,263,929$945,751▼ $318,178
Total Net Assets Fund Balance$1,784,165$1,904,598▲ $120,433
Total Liabilities and Net Assets / Fund Balance$1,811,470$1,956,307▲ $144,837

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,705$1,351$12,056
Other Securities$105,720--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dionne W HendersonPresident & CEOFT$17,236$17,236

Board Members and Trustees

NameTitle
Austin WelderChairman
Charleita M RichardsonPresident & CEO - Ended
Joi DeanVice Chairman
Brian RounnauDirector
Christina McclungDirector
David WalkerDirector
Jennifer CulhaneDirector
Jershon JonesDirector
John AtkinsonDirector
Kris JohnsonDirector
Michael BraceDirector
Alan KirshnerDirector Emeritus
Laverne SpurlockDirector Emeritus
Chasity MillerSecretary
Mary Allen WallerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$757,379
Program Service Revenue
$0
Investment Income
$31,457
Other Revenue
$6,000
All Other Contributions
$757,379
Change in Net Assets
$120,433

Audited Revenue Reconciliation

Revenue per Audited Statements
$794,836
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$284,618
Total Revenue per Audited Statements
$1,079,454
Total Revenue per Form 990
$794,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$355,283
Other Expenses$202,582
Grants and Similar Amounts Paid$116,538
Total Fundraising Expense$98,633
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$288,476$13,566$4,863$306,905
Fees for Services Other$1,336$54,155$92,065$147,556
Grants to Domestic Individuals$116,538--$116,538
Other Employee Benefits$29,387$1,677$287$31,351
Payroll Taxes$20,515$1,141$370$22,026
Insurance$1,149$2,954$847$4,950
Fees for Services Accounting-$4,300-$4,300
All Other Expenses$2,324$960$231$3,515
Other Expenses$2,889$284$71$3,244
Depreciation Depletion$1,227$12$50$1,289
Pension Plan Contributions$-4,348$-336$-315$-4,999
Total Functional Expenses$494,942$80,828$98,633$674,403

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$959,021
Expenses per Audited Statements$674,403
Total Expenses per Form 990$674,403
Expenses Not Reported on Form 990$284,618
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Loan$31,800
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: - 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
Dionne W Henderson
Title
President & CEO
Phone
8049651769
Signed
2021-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dionne W Henderson
Formed
1996
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
0

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

Other professional fees: program service expenses 1,336. Management and general expenses 54,155. Fundraising expenses 92,065. Total expenses 147,556.

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 2020 and 2019 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/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT & CEO - ENDED
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIRMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
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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.
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IRS990/PrincipalOfficerNm0DIONNE W HENDERSON
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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/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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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 2020 AND 2019 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:

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