Civic Intelligence

Future Problem Solving Program International Inc.

990 • Fiscal year 2024 • EIN 42-1234706

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

225 5th Avenue Suite 1Indialantic, FL 32903

(321) 768-0074

Siviq Scores

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

Liabilities / Assets

79th percentile

0.38x

Higher debt load relative to assets than 79% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.35x

Higher debt load relative to revenue than 76% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

46th percentile

2.8%

Higher net margin than 46% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$119,624

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

17%

Faster revenue growth than 63% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,316,873

Up $160,674 (+14%) from 2023

Net Assets

Up

$820,059

Up $40,364 (+5.2%) from 2023

Liabilities

Up

$496,814

Up $120,310 (+32%) from 2023

Revenue

Up

$1,425,088

Up $206,571 (+17%) from 2023

Expenses

Up

$1,384,724

Up $171,219 (+14%) from 2023

Net Income

Up

$40,364

Up $35,352 (+705%) from 2023

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 2012: $1,285,935Liabilities 2012: $439,023Net Assets 2012: $846,9122012Assets 2013: $1,275,101Liabilities 2013: $423,420Net Assets 2013: $851,6812013Assets 2014: $1,240,288Liabilities 2014: $469,525Net Assets 2014: $770,7632014Assets 2015: $1,282,259Liabilities 2015: $499,965Net Assets 2015: $782,2942015Assets 2016: $1,306,883Liabilities 2016: $424,528Net Assets 2016: $882,3552016Assets 2017: $1,556,467Liabilities 2017: $483,873Net Assets 2017: $1,072,5942017Assets 2018: $1,271,304Liabilities 2018: $179,592Net Assets 2018: $1,091,7122018Assets 2019: $1,481,720Liabilities 2019: $346,205Net Assets 2019: $1,135,5152019Assets 2020: $794,832Liabilities 2020: $94,178Net Assets 2020: $700,6542020Assets 2021: $909,085Liabilities 2021: $108,259Net Assets 2021: $800,8262021Assets 2022: $892,107Liabilities 2022: $117,424Net Assets 2022: $774,6832022Assets 2023: $1,156,199Liabilities 2023: $376,504Net Assets 2023: $779,6952023Assets 2024: $1,316,873Liabilities 2024: $496,814Net Assets 2024: $820,0592024Assets 2025: $1,258,117Liabilities 2025: $339,472Net Assets 2025: $918,6452025

Highlighted filing

2024

Assets$1,316,873
Liabilities$496,814
Net Assets$820,059

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $952,843Expenses 2012: $1,009,632Net Income 2012: -$56,7892012Expenses 2013: $1,004,7742013Revenue 2014: $1,020,819Expenses 2014: $1,108,612Net Income 2014: -$87,7932014Revenue 2015: $1,139,293Expenses 2015: $1,120,575Net Income 2015: $18,7182015Revenue 2016: $1,206,471Expenses 2016: $1,097,307Net Income 2016: $109,1642016Revenue 2017: $1,294,537Expenses 2017: $1,116,227Net Income 2017: $178,3102017Revenue 2018: $1,217,163Expenses 2018: $1,193,929Net Income 2018: $23,2342018Revenue 2019: $1,399,316Expenses 2019: $1,367,857Net Income 2019: $31,4592019Revenue 2020: $358,351Expenses 2020: $777,057Net Income 2020: -$418,7062020Revenue 2021: $667,206Expenses 2021: $567,034Net Income 2021: $100,1722021Revenue 2022: $877,143Expenses 2022: $903,286Net Income 2022: -$26,1432022Revenue 2023: $1,218,517Expenses 2023: $1,213,505Net Income 2023: $5,0122023Revenue 2024: $1,425,088Expenses 2024: $1,384,724Net Income 2024: $40,3642024Revenue 2025: $1,633,837Expenses 2025: $1,539,494Net Income 2025: $94,3432025

Highlighted filing

2024

Revenue$1,425,088
Expenses$1,384,724
Net Income$40,364
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,465,572
Mission and Program Overview

Mission

To develop the ability of young people globally to design and achieve positive futures using critical, creative thinking. In all components, students learn how to overcome obstacles or barriers when confronting challenges and developing solutions to social, political, scientific, economic, and technological issues. Fpspi is interdisciplinary and its components promote interpersonal communication, leadership, and responsible group membership.

In 2024, future problem solving proudly celebrates 50 years of placing close to a million young people at the core of a dynamic, purposeful learning experience. Each year k-12 students from around the world participate in a variety of challenges designed to empower and gain the skills they need to succeed in work and life. Our programs build confidence and foster student voices. Curious youth to become changemakers. Problem solvers learn how to think, not what to think. Founded by dr. Torrance in 1974, our program integrates the six-step creative problem-solving process by alex osborn and sidney parnes with high-interest, futuristic topics. We offer four annual programs for both teams and individuals. Global issues: students become mini-experts and predict possibilities for the future. Community projects: students learn to turn interests into action and create lasting change. Creative writing: students write a creative, futuristic scenario based on a competition topic. Storytelling: st

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$889,543$1,003,429▲ $113,886
Accounts Receivable$21,336$126,399▲ $105,063
Cash and Non-Interest-Bearing Accounts$178,770$60,019▼ $118,751
Intangible Assets$38,000$38,000→ $0
Inventories for Sale or Use$18,243$16,172▼ $2,071
Prepaid Expenses and Deferred Charges$10,307$10,457▲ $150
Total Assets$1,156,199$1,316,873▲ $160,674
Other Assets Total-$62,397-
Liabilities
Accounts Payable and Accrued Expenses$316,362$404,204▲ $87,842
Other Liabilities$60,142$92,610▲ $32,468
Total Liabilities$376,504$496,814▲ $120,310
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$758,856$798,378▲ $39,522
Net Assets With Donor Restrictions$20,839$21,681▲ $842
Total Net Assets Fund Balance$779,695$820,059▲ $40,364
Total Liabilities and Net Assets / Fund Balance$1,156,199$1,316,873▲ $160,674

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$28,150$28,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
April MicheleExecutive DiFT$105,550$14,074$119,624

Board Members and Trustees

NameTitle
Argen HicksPresident
Amanda GenoveseTrustee
Ann ForeytTrustee
Connie PhelpsTrustee
Dylan ShermanTrustee
Janet FiteTrustee
Shefa SikderTrustee
Suzanne DigbyTrustee
Laurel PetersenSecretary
Erwin HosonaTreasurer
Julie StyanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$126,308
Program Service Revenue
$1,247,885
Investment Income
$24,034
Other Revenue
$26,861
All Other Contributions
$106,308
Change in Net Assets
$40,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$872,658
Salaries, Compensation, and Employee Benefits$506,816
Grants and Similar Amounts Paid$5,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$590,266--$590,266
Other Salaries and Wages$271,451$31,049-$302,500
Current Officers, Directors, Trustees, and Key Employees$107,662$11,962-$119,624
All Other Expenses$54,063$5,020-$59,083
Travel$59,035--$59,035
Other Employee Benefits$34,852$3,977-$38,829
Payroll Taxes$27,709$3,146-$30,855
Occupancy$23,230$4,099-$27,329
Pension Plan Contributions$13,468$1,540-$15,008
Insurance$13,343$1,483-$14,826
Other Expenses$9,351$3,892-$13,243
Fees for Services Accounting$8,715$2,905-$11,620
Advertising$10,841--$10,841
Office Expenses$5,251$923-$6,174
Grants to Domestic Individuals$5,250--$5,250
Fees for Services Legal$3,203$1,067-$4,270
Total Functional Expenses$1,313,661$71,063$0$1,384,724
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
Right-of-use$62,397
Unearned Grant Income$21,000
Accrued Payroll$9,213
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization's national, regional and state affiliate programs serve as its members.

Form 990, Page 6, Part VI, Line 7A

The members of fpspi (affiliate programs, and collectively the affiliate council) elect the members of the board of trustees, which is the governing body of fpspi. The affiliate council elects members of the board of trustees from a ballot of candidates selected by a nominating committee and others nominated by petition signed by at least six affiliate programs and submitted to the secretary prior to the start of the election. Approximately one-third of the board of trustees positions come up for election each year.

Form 990, Page 6, Part VI, Line 7B

A number of board of trustees decisions are subject to affiliate council approval, including changes to the articles of incorporation, bylaws, policies, and rules and changes in the annual affiliate assessment. In addition, the affiliate council must approve the evaluation guidelines and score sheet changes, on the recommendation of the evaluation committee, and topics for the global issues problem solving, scenario writing and scenario performance competitions, on the recommendation of the topics committee, in both cases without board of trustees involvement.

Form 990, Page 6, Part VI, Line 11B

The 990 was reviewed by the executive director, president, policy committee chair, and finance committee chair (treasurer), and was provided to all trustees for further review before it was finalized by the preparing accountant.

Form 990, Page 6, Part VI, Line 12C

The board of trustees enforces the policy whenever transactions are considered that may involve a conflict of interest. Starting in 2010, all members of the affiliate council are required to affirm their ongoing compliance on their behalf, and on behalf of their affiliate directors and nominees to be members of committees of the affiliate council, when they re-execute their charters. All trustees and the executive director are required to annually disclose in writing whether they have any financial interests with respect to transactions in which the organization is a participant (i.e., situations that may give rise to a conflist of interest with the organization).

Form 990, Page 6, Part VI, Line 15A

Executive director compensation was initially approved by the board of trustees and was compared to that paid by similarly situated organizations. Executive director compensation is reviewed annually by the board of trustees and its finance committee and personnel committee.

Form 990, Page 6, Part VI, Line 19

Persons who wish to review the organization's governing documents, conflict of interest policy and financial statements should call the telephone number listed on this return. A time will be scheduled for them to visit the office where all documents are available for their perusal.

Filing and Contact Details

Filer

Filer Name
Future Problem Solving Program
EIN
42-1234706
Phone
3217680074
Address
225 5TH AVENUE SUITE 1, INDIALANTIC, FL 32903

Signing Officer

Name
April Michele
Title
Executive Director
Phone
3217680074
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Argen Hicks
Formed
1984
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
151

Preparer

Firm
Skw Cpas & Advisors Pllc
Address
183 WALTON AVE, LEXINGTON, KY 40508
Preparer
Donna J Smith CPA
Phone
8597211820
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

In 2024, future problem solving proudly celebrates 50 years of placing close to a million young people at the core of a dynamic, purposeful learning experience. Each year k-12 students from around the world participate in a variety of challenges designed to empower and gain the skills they need to succeed in work and life. Our programs build confidence and foster student voices. Curious youth to become changemakers. Problem solvers learn how to think, not what to think. Founded by dr. Torrance in 1974, our program integrates the six-step creative problem-solving process by alex osborn and sidney parnes with high-interest, futuristic topics. We offer four annual programs for both teams and individuals. Global issues: students become mini-experts and predict possibilities for the future. Community projects: students learn to turn interests into action and create lasting change. Creative writing: students write a creative, futuristic scenario based on a competition topic. Storytelling: students invent a futuristic scenario and tell their story in an oral performance. Our programs cover challenges in business, civics, society, science, and technology, and are often incorporated into classroom curricula. Future problem solving's mission is to equip young people globally to design and achieve positive futures through critical and creative thinking. In all our programs, gain lifelong skills in overcoming obstacles and finding sustainable solutions.

Form 990, Page 2, Part III, Line 4C

Our educational outcomes are transformative, equipping young people to solve complex problems, take meaningful action, and drive positive change. We spark curiosity about real-world issues, developing problem-solving skills that empower students to excel in school, careers, and life. In an age defined by ai, it's essential that students learn how to think and solve problems. Future problem solving addresses today's unprecedented challenges with standards-based programs that engage students wherever they learn, teaching them how to think, not what to think. Our rubric-based evaluations provide valuable, learner-centered feedback, allowing students to continually improve through authentic, skill-based assessments from certified evaluators across multiple submissions each year.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CENTER FOR CREATIVE LEARNING IS BUILT ON MORE THAN FIVE DECADES OF RESEARCH, DEVELOPMENT, AND FIELD EXPERIENCE WORLDWIDE. A WIDE VARIETY OF OFFERINGS INCLUDE HIGH-QUALITY WEB-BASED AND PRINT RESOURCES, E-LEARNING OPPORTUNITIES, WORKSHOPS, AND CONSULTING SERVICES ON CREATIVITY AND CREATIVE PROBLEM SOLVING (CPS). OUR WORK FOCUSES ON METHODS AND TOOLS FOR GENERATING IDEAS ("CREATIVE THINKING"), FOCUSING IDEAS ("CRITICAL THINKING"), AND SYSTEMATIC APPROACHES TO DEFINING AND SOLVING COMPLEX, OPEN-ENDED, REAL-LIFE PROBLEMS (CREATIVE PROBLEM SOLVING, VERSION 6.1).
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IRS990/ProgSrvcAccomActy3Grp/Desc0OUR EDUCATIONAL OUTCOMES ARE TRANSFORMATIVE, EQUIPPING YOUNG PEOPLE TO SOLVE COMPLEX PROBLEMS, TAKE MEANINGFUL ACTION, AND DRIVE POSITIVE CHANGE. WE SPARK CURIOSITY ABOUT REAL-WORLD ISSUES, DEVELOPING PROBLEM-SOLVING SKILLS THAT EMPOWER STUDENTS TO EXCEL IN SCHOOL, CAREERS, AND LIFE. IN AN AGE DEFINED BY AI, IT'S ESSENTIAL THAT STUDENTS LEARN HOW TO THINK AND SOLVE PROBLEMS. FUTURE PROBLEM SOLVING ADDRESSES TODAY'S UNPRECEDENTED CHALLENGES WITH STANDARDS-BASED PROGRAMS THAT ENGAGE STUDENTS WHEREVER THEY LEARN, TEACHING THEM HOW TO THINK, NOT WHAT TO THINK. OUR RUBRIC-BASED EVALUATIONS PROVIDE VALUABLE, LEARNER-CENTERED FEEDBACK, ALLOWING STUDENTS TO CONTINUALLY IMPROVE THROUGH AUTHENTIC, SKILL-BASED ASSESSMENTS FROM CERTIFIED EVALUATORS ACROSS MULTIPLE SUBMISSIONS EACH YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2024, FUTURE PROBLEM SOLVING PROUDLY CELEBRATES 50 YEARS OF PLACING CLOSE TO A MILLION YOUNG PEOPLE AT THE CORE OF A DYNAMIC, PURPOSEFUL LEARNING EXPERIENCE. EACH YEAR K-12 STUDENTS FROM AROUND THE WORLD PARTICIPATE IN A VARIETY OF CHALLENGES DESIGNED TO EMPOWER AND GAIN THE SKILLS THEY NEED TO SUCCEED IN WORK AND LIFE. OUR PROGRAMS BUILD CONFIDENCE AND FOSTER STUDENT VOICES. CURIOUS YOUTH TO BECOME CHANGEMAKERS. PROBLEM SOLVERS LEARN HOW TO THINK, NOT WHAT TO THINK. FOUNDED BY DR. TORRANCE IN 1974, OUR PROGRAM INTEGRATES THE SIX-STEP CREATIVE PROBLEM-SOLVING PROCESS BY ALEX OSBORN AND SIDNEY PARNES WITH HIGH-INTEREST, FUTURISTIC TOPICS. WE OFFER FOUR ANNUAL PROGRAMS FOR BOTH TEAMS AND INDIVIDUALS. GLOBAL ISSUES: STUDENTS BECOME MINI-EXPERTS AND PREDICT POSSIBILITIES FOR THE FUTURE. COMMUNITY PROJECTS: STUDENTS LEARN TO TURN INTERESTS INTO ACTION AND CREATE LASTING CHANGE. CREATIVE WRITING: STUDENTS WRITE A CREATIVE, FUTURISTIC SCENARIO BASED ON A COMPETITION TOPIC. STORYTELLING: STUDENTS INVENT A FUTURISTIC SCENARIO AND TELL THEIR STORY IN AN ORAL PERFORMANCE. OUR PROGRAMS COVER CHALLENGES IN BUSINESS, CIVICS, SOCIETY, SCIENCE, AND TECHNOLOGY, AND ARE OFTEN INCORPORATED INTO CLASSROOM CURRICULA. FUTURE PROBLEM SOLVING'S MISSION IS TO EQUIP YOUNG PEOPLE GLOBALLY TO DESIGN AND ACHIEVE POSITIVE FUTURES THROUGH CRITICAL AND CREATIVE THINKING. IN ALL OUR PROGRAMS, GAIN LIFELONG SKILLS IN OVERCOMING OBSTACLES AND FINDING SUSTAINABLE SOLUTIONS.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.34$0.92$1.63$1.54$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.50$0.82$1.43$1.38$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.38$0.78$1.22$1.21$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.12$0.77$0.88$0.90$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.11$0.80$0.67$0.57$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.09$0.70$0.36$0.78$0.42
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.35$1.14$1.40$1.37$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.18$1.09$1.22$1.19$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.56$0.48$1.07$1.29$1.12$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.31$0.42$0.88$1.21$1.10$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.50$0.78$1.14$1.12$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.24$0.47$0.77$1.02$1.11$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.42$0.85$1.00
2012Summary only. Only limited summary data is available for this year.$1.29$0.44$0.85$0.95$1.01$0.06