Civic Intelligence

Future Founders Foundation

EIN 45-3340650 • 501(c)3 • Chicago, IL

Profile

Future founders is building the nation's largest inclusive community of intentional young entrepreneurs and entrepreneurial-minded leaders.

1 N Dearborn St 5th FloorChicago, IL 60602

www.futurefounders.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.16x

Higher debt load relative to assets than 63% of similar nonprofits.

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

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

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

Net Margin

56th percentile

7.3%

Higher net margin than 56% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

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

Revenue Growth

47th percentile

5.7%

Faster revenue growth than 47% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$2,007,080

Up $213,232 (+12%) from 2023

Liabilities

Up

$324,549

Up $106,843 (+49%) from 2023

Net Assets

Up

$1,682,531

Up $106,389 (+6.7%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin56th percentile

Revenue

Up

$1,466,970

Up $79,226 (+5.7%) from 2023

Expenses

Down

$1,360,581

Down $1,941 (-0.1%) from 2023

Net Income

Up

$106,389

Up $81,167 (+322%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2012: $112,526Liabilities 2012: $02012Assets 2013: $452,341Liabilities 2013: $40,848Net Assets 2013: $411,4932013Assets 2014: $493,106Liabilities 2014: $27,250Net Assets 2014: $465,8562014Assets 2015: $696,287Liabilities 2015: $116,577Net Assets 2015: $579,7102015Assets 2016: $739,856Liabilities 2016: $61,756Net Assets 2016: $678,1002016Assets 2017: $892,656Liabilities 2017: $71,819Net Assets 2017: $820,8372017Assets 2018: $1,057,724Liabilities 2018: $108,605Net Assets 2018: $949,1192018Assets 2019: $1,192,400Liabilities 2019: $167,815Net Assets 2019: $1,024,5852019Assets 2020: $1,569,885Liabilities 2020: $245,386Net Assets 2020: $1,324,4992020Assets 2021: $1,823,527Liabilities 2021: $341,990Net Assets 2021: $1,481,5372021Assets 2022: $2,133,444Liabilities 2022: $582,524Net Assets 2022: $1,550,9202022Assets 2023: $1,793,848Liabilities 2023: $217,706Net Assets 2023: $1,576,1422023Assets 2024: $2,007,080Liabilities 2024: $324,549Net Assets 2024: $1,682,5312024

Highlighted filing

2024

Assets$2,007,080
Liabilities$324,549
Net Assets$1,682,531
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2012: $112,526Expenses 2012: $0Net Income 2012: $112,5262012Revenue 2013: $530,520Expenses 2013: $392,984Net Income 2013: $137,5362013Revenue 2014: $533,097Expenses 2014: $478,734Net Income 2014: $54,3632014Revenue 2015: $835,724Expenses 2015: $721,870Net Income 2015: $113,8542015Revenue 2016: $833,154Expenses 2016: $734,764Net Income 2016: $98,3902016Revenue 2017: $858,936Expenses 2017: $716,199Net Income 2017: $142,7372017Revenue 2018: $906,986Expenses 2018: $778,704Net Income 2018: $128,2822018Revenue 2019: $1,071,684Expenses 2019: $996,218Net Income 2019: $75,4662019Revenue 2020: $1,380,267Expenses 2020: $1,080,353Net Income 2020: $299,9142020Revenue 2021: $1,919,326Expenses 2021: $1,762,288Net Income 2021: $157,0382021Revenue 2022: $1,843,017Expenses 2022: $1,773,634Net Income 2022: $69,3832022Revenue 2023: $1,387,744Expenses 2023: $1,362,522Net Income 2023: $25,2222023Revenue 2024: $1,466,970Expenses 2024: $1,360,581Net Income 2024: $106,3892024

Highlighted filing

2024

Revenue$1,466,970
Expenses$1,360,581
Net Income$106,389
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,007,080
Liabilities
$324,549
Net assets
$1,682,531
Revenue
$1,466,970
Expenses
$1,360,581
Net income
$106,389
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.01$0.32$1.68$1.47$1.36$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.79$0.22$1.58$1.39$1.36$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.58$1.55$1.84$1.77$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.82$0.34$1.48$1.92$1.76$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.57$0.25$1.32$1.38$1.08$0.30
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.17$1.02$1.07$1.00$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.11$0.95$0.91$0.78$0.13
2017Summary only. Only limited summary data is available for this year.$0.89$0.07$0.82$0.86$0.72$0.14
2016Summary only. Only limited summary data is available for this year.$0.74$0.06$0.68$0.83$0.73$0.10
2015Summary only. Only limited summary data is available for this year.$0.70$0.12$0.58$0.84$0.72$0.11
2014Summary only. Only limited summary data is available for this year.$0.49$0.03$0.47$0.53$0.48$0.05
2013Summary only. Only limited summary data is available for this year.$0.45$0.04$0.41$0.53$0.39$0.14
2012Summary only. Only limited summary data is available for this year.$0.11$0.00$0.11$0.00$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$1,466,970
Mission and Program Overview

Mission

The organization believes every youth can become an entrepreneur.

Future founders is building the nation's largest inclusive community of intentional young entrepreneurs and entrepreneurial-minded leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,541,650$1,325,330▼ $216,320
Investments in Publicly Traded Securities-$536,729-
Accounts Receivable$49,066$101,175▲ $52,109
Cash and Non-Interest-Bearing Accounts$195,988$27,929▼ $168,059
Prepaid Expenses and Deferred Charges$7,144$15,917▲ $8,773
Total Assets$1,793,848$2,007,080▲ $213,232
Liabilities
Accounts Payable and Accrued Expenses$112,129$245,400▲ $133,271
Other Liabilities$105,577$79,149▼ $26,428
Total Liabilities$217,706$324,549▲ $106,843
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,551,142$1,582,531▲ $31,389
Net Assets With Donor Restrictions$25,000$100,000▲ $75,000
Total Net Assets Fund Balance$1,576,142$1,682,531▲ $106,389
Total Liabilities and Net Assets / Fund Balance$1,793,848$2,007,080▲ $213,232
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Scott IssenPresident &FT$170,418$170,418
Scott IssenPresident & CEO-$170,418$170,418

Board Members and Trustees

NameTitle
Jason VandeboomChairman
Becky GetzDirector
Irene AmuDirector
KARI O'CONNORDirector
Maria BurudDirector
Mark HoytDirector
Matthew GoldfineDirector
Tony TolentinoDirector
Tyler ZittergruenDirector
Brad KeywellFounding CHA
Revenue and Support

Revenue Composition

Contributions and Grants
$1,236,800
Program Service Revenue
$58,924
Investment Income
$68,150
Other Revenue
$103,096
All Other Contributions
$1,236,800
Change in Net Assets
$106,389

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,466,970
Revenue Not Reported on Form 990
$257,136
Total Revenue per Audited Statements
$1,724,106
Total Revenue per Form 990
$1,466,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$758,565
Other Expenses$316,516
Grants and Similar Amounts Paid$285,500
Total Fundraising Expense$34,597
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$430,654-$27,647$458,301
Grants to Domestic Individuals$285,500--$285,500
Current Officers, Directors, Trustees, and Key Employees$191,589$2,496$2,496$196,581
Payroll Taxes$50,967$190$2,862$54,019
Other Employee Benefits$47,958$167$1,539$49,664
Other Expenses$245,826$23,397$53$23,450
Advertising$18,860--$18,860
Fees for Services Accounting-$13,238-$13,238
Fees for Services Legal-$8,327-$8,327
Insurance-$6,815-$6,815
Total Functional Expenses$1,271,354$54,630$34,597$1,360,581

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,617,717
Expenses per Audited Statements$1,360,581
Total Expenses per Form 990$1,360,581
Expenses Not Reported on Form 990$257,136
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
Scholarships and Stipends Payable$79,149
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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, Page 6, Part VI, Line 11B

“The completed form 990 is provided to and reviewed by the entire board of directors before filing.”

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

“The organization has a conflict of interest policy, all members are required to sign annually.”

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

“Salaries are part of the budgetary process and all salaries are approved by the board of directors who look at comparative salaries as well.”

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

“Salaries are part of the budgetary process and all salaries are approved by the board of directors who look at comparative salaries as well.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Future Founders Foundation
EIN
45-3340650
Phone
3123500334
Address
1 N DEARBORN ST 5TH FLOOR, CHICAGO, IL 60602

Signing Officer

Name
Scott Issen
Title
President & CEO
Phone
3123500334
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Issen
Formed
2011
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
10
Employees
12
Volunteers
200

Preparer

Firm
Rcs Cpas Pllc
Address
4415 HARRISON ST SUITE 552, HILLSIDE, IL 60162
Preparer
Mohammad Sheikh
Phone
7084829488
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Future founders foundation is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. Future founders foundation has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). There was no unrelated business income nor unrecognized tax benefits for the year ended june 30, 2024. Each of the future founders foundation's prior three years remains subject to examination by the internal revenue service. The organization has evaluated its tax positions for all open tax years. Based on the evaluation of the organization's tax positions, management believes all tax positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended june 30, 2024.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0FUTURE FOUNDERS STARTUP: WE HELP DIVERSE 18 TO 30-YEAR-OLDS FROM ACROSS THE NATION LAUNCH AND SCALE THEIR OWN BUSINESSES. FOUNDERS PARTICIPATE IN THE STARTUP BOOTCAMP, FELLOWSHIP, FOUNDER SOCIETY(ALUMNI)AND/OR SKILLS-BASED WORKSHOPS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUTURE FOUNDERS FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FUTURE FOUNDERS FOUNDATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THERE WAS NO UNRELATED BUSINESS INCOME NOR UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDED JUNE 30, 2024. EACH OF THE FUTURE FOUNDERS FOUNDATION'S PRIOR THREE YEARS REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED FORM 990 IS PROVIDED TO AND REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY, ALL MEMBERS ARE REQUIRED TO SIGN ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES ARE PART OF THE BUDGETARY PROCESS AND ALL SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS WHO LOOK AT COMPARATIVE SALARIES AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARIES ARE PART OF THE BUDGETARY PROCESS AND ALL SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS WHO LOOK AT COMPARATIVE SALARIES AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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