Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
990 • Fiscal year 2021 • EIN 45-3340650
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
42nd percentile
Higher net margin than 42% of similar nonprofits.
Top Officer Pay
83rd percentile
Higher top officer pay than 83% of similar nonprofits.
Top officer pay equals 7.4% of source-year revenue.
Asset Growth
62nd percentile
Faster asset growth than 62% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Assets
Up$1,823,527
Up $253,642 (+16%) from 2020
Net Assets
Up$1,481,537
Up $157,038 (+12%) from 2020
Liabilities
Up$341,990
Up $96,604 (+39%) from 2020
Revenue
Up$1,919,326
Up $539,059 (+39%) from 2020
Expenses
Up$1,762,288
Up $681,935 (+63%) from 2020
Net Income
Down$157,038
Down $142,876 (-48%) from 2020
The organization believes every youth can become an entrepreneur.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,331,727 | $1,638,003 | ▲ $306,276 |
| Cash and Non-Interest-Bearing Accounts | $105,644 | $176,086 | ▲ $70,442 |
| Accounts Receivable | $120,000 | - | - |
| Prepaid Expenses and Deferred Charges | $9,014 | $5,938 | ▼ $3,076 |
| Total Assets | $1,569,885 | $1,823,527 | ▲ $253,642 |
| Other Assets Total | $3,500 | $3,500 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $118,331 | $208,270 | ▲ $89,939 |
| Other Liabilities | $127,055 | $133,720 | ▲ $6,665 |
| Total Liabilities | $245,386 | $341,990 | ▲ $96,604 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,001,499 | $1,461,537 | ▲ $460,038 |
| Net Assets With Donor Restrictions | $323,000 | $20,000 | ▼ $303,000 |
| Total Net Assets Fund Balance | $1,324,499 | $1,481,537 | ▲ $157,038 |
| Total Liabilities and Net Assets / Fund Balance | $1,569,885 | $1,823,527 | ▲ $253,642 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Scott Issen | President & | FT | $142,936 | $142,936 |
| Name | Title |
|---|---|
| Brad Keywell | Chairman |
| Becky Getz | Director |
| JAMES O'CONNOR JR | Director |
| Jason Vandeboom | Director |
| Karl Darin | Director |
| Maria Burud | Director |
| Mark Hoyt | Director |
| Matthew Goldfine | Director |
| Ramkumar Ramanan | Director |
| William Ridgway | Director |
| Kevin Willer | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $814,659 |
| Salaries, Compensation, and Employee Benefits | $754,502 |
| Other Expenses | $193,127 |
| Total Fundraising Expense | $34,683 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $749,659 | - | - | $749,659 |
| Other Salaries and Wages | $451,024 | - | $25,231 | $476,255 |
| Current Officers, Directors, Trustees, and Key Employees | $144,876 | $4,732 | $4,269 | $153,877 |
| Other Employee Benefits | $65,770 | $3,097 | $2,682 | $71,549 |
| Foreign Grants | $65,000 | - | - | $65,000 |
| Payroll Taxes | $50,367 | $368 | $2,086 | $52,821 |
| Other Expenses | $482 | $38,813 | $415 | $39,710 |
| Occupancy | - | $20,167 | - | $20,167 |
| Advertising | $13,043 | $32 | - | $13,075 |
| Total Functional Expenses | $1,660,337 | $67,268 | $34,683 | $1,762,288 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,797,758 |
| Expenses per Audited Statements | $1,762,288 |
| Total Expenses per Form 990 | $1,762,288 |
| Expenses Not Reported on Form 990 | $35,470 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Ppp Loan Payable | $133,720 |
“The completed form 990 is provided to and reviewed by the entire board of directors before filing.”
“The organization has a conflict of interest policy, all members are required to sign annually.”
“Salaries are part of the budgetary process and all salaries are approved by the board of directors who look at comparative salaries as well.”
“Salaries are part of the budgetary process and all salaries are approved by the board of directors who look at comparative salaries as well.”
“Documents are made available upon request.”
“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, 2021. Each of the future founders foundation's prior three years remains subject to examination by the internal revenue service. The organization's 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, 2021.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 118331 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 208270 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 120000 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATION BELIEVES EVERY YOUTH CAN BECOME AN ENTREPRENEUR. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 32 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 13043 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 13075 |
| IRS990/AllOtherContributionsAmt | 0 | 1788846 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | SCOTT ISSEN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3123500334 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 222 W MERCHANDISE MART PLZ 1212 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CHICAGO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60654 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 105644 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 176086 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 4269 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 4732 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 144876 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 153877 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1915901 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 814659 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2937 |
| IRS990/CYOtherExpensesAmt | 0 | 193127 |
| IRS990/CYOtherRevenueAmt | 0 | 488 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 157038 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 754502 |
| IRS990/CYTotalExpensesAmt | 0 | 1762288 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 34683 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1919326 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | FUTURE FOUNDERS DISCOVER: WE EMPOWER MIDDLE AND HIGH SCHOOLERS FROM CHICAGO'S MOST UNDERSERVED NEIGHBORHOODS TO DISCOVER ENTREPRENEURSHIP AND DEVELOP ENTREPRENEURIAL SKILLS. STUDENTS BENEFIT FROM IN-SCHOOL WORKSHOPS AND OUT-OF-SCHOOL EXPERIENCES INCLUDING STARTUP SPRING BREAK AND THE "BE YOUR OWN BOSS" SUMMER INTERNSHIP. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 323000 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 20000 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 16 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 362308 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/ProgramServicesAmt | 0 | 65000 |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 65000 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRAD KEYWELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KEVIN WILLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MARIA BURUD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KARL DARIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MATTHEW GOLDFINE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JASON VANDEBOOM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MARK HOYT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JAMES O'CONNOR JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | RAMKUMAR RAMANAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | WILLIAM RIDGWAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | BECKY GETZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | SCOTT ISSEN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 142936 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | PRESIDENT & |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2011 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GovernmentGrantsAmt | 0 | 127055 |
| IRS990/GrantAmt | 0 | 69460 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 749659 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 749659 |
| IRS990/GrantsToIndividualsInd | 0 | true |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1919326 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2937 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2937 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 49 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE ORGANIZATION BELIEVES EVERY YOUTH CAN BECOME AN ENTREPRENEUR. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | true |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1324499 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1481537 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1001499 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1461537 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 20167 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 20167 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 3500 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 3500 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 2682 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 3097 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 65770 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 71549 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROGRAM EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | OTHER |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 415 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 59 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 38813 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 120116 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 482 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 120175 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 39710 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 127055 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 133720 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER REVENUE |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 488 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 488 |
| IRS990/OtherRevenueTotalAmt | 0 | 488 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 25231 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 451024 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 476255 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 2086 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 368 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 50367 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 52821 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 9014 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 5938 |
| IRS990/PrincipalOfficerNm | 0 | SCOTT ISSEN |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | FUTURE 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 AND/OR ALUMNI ACCELERATOR PROGRAMS OR OUR U.PITCH NATIONAL COLLEGIATE ELEVATOR PITCH COMPETITION. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 1298029 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 745199 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 1318574 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1349916 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 47536 |
| IRS990/PYInvestmentIncomeAmt | 0 | 5362 |
| IRS990/PYOtherExpensesAmt | 0 | 286067 |
| IRS990/PYOtherRevenueAmt | 0 | 2170 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 22819 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 299914 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 746750 |
| IRS990/PYTotalExpensesAmt | 0 | 1080353 |
| IRS990/PYTotalRevenueAmt | 0 | 1380267 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 157038 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
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| IRS990/ReportOtherLiabilitiesInd | 0 | true |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1047810 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 899319 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 833759 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 613 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 21179 |
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| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.35390 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
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| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PPP LOAN PAYABLE |
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| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1919326 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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, 2021. EACH OF THE FUTURE FOUNDERS FOUNDATION'S PRIOR THREE YEARS REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S 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, 2021. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt | 0 | SCHOLARSHIPS & STIPENDS |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE COMPLETED FORM 990 IS PROVIDED TO AND REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY, ALL MEMBERS ARE REQUIRED TO SIGN ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SALARIES 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/ExplanationTxt | 3 | SALARIES 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/ExplanationTxt | 4 | DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/SubjectToProxyTaxInd | 0 | false |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1823527 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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| IRS990/TotalEmployeeCnt | 0 | 16 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 34683 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 67268 |
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| IRS990/TotalGrossUBIAmt | 0 | 0 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 341990 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1481537 |
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| IRS990/TotalReportableCompFromOrgAmt | 0 | 142936 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 2937 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 488 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1919326 |
| IRS990/TotalVolunteersCnt | 0 | 200 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1823527 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 222 W MERCHANDISE MART PLZ STE 1212 |
| IRS990/USAddress/CityNm | 0 | CHICAGO |
| IRS990/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/USAddress/ZIPCd | 0 | 60654 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 12 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.