Civic Intelligence

Future Founders Foundation

990 • Fiscal year 2022 • EIN 45-3340650

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

Organization ProfileWWW.FUTUREFOUNDERS.COM
1 N Dearborn St 5th FloorChicago, IL 60602

(312) 350-0334

Siviq Scores

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

Liabilities / Assets

74th percentile

0.27x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.32x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

44th percentile

3.8%

Higher net margin than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$168,952

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-4.0%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$2,133,444

Up $309,917 (+17%) from 2021

Net Assets

Up

$1,550,920

Up $69,383 (+4.7%) from 2021

Liabilities

Up

$582,524

Up $240,534 (+70%) from 2021

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin44th percentile

Revenue

Down

$1,843,017

Down $76,309 (-4.0%) from 2021

Expenses

Up

$1,773,634

Up $11,346 (+0.6%) from 2021

Net Income

Down

$69,383

Down $87,655 (-56%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$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

2022

Assets$2,133,444
Liabilities$582,524
Net Assets$1,550,920
Open 2022 Filing

Operations Trend

Revenue Growth34th percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$1,843,017
Expenses$1,773,634
Net Income$69,383
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.0
Gross Receipts
$1,843,017
Mission and Program Overview

Mission

The organization believes every youth can become an entrepreneur.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,638,003$1,762,421▲ $124,418
Cash and Non-Interest-Bearing Accounts$176,086$350,157▲ $174,071
Prepaid Expenses and Deferred Charges$5,938$15,366▲ $9,428
Accounts Receivable-$2,000-
Total Assets$1,823,527$2,133,444▲ $309,917
Other Assets Total$3,500$3,500→ $0
Liabilities
Other Liabilities$133,720$431,866▲ $298,146
Accounts Payable and Accrued Expenses$208,270$150,658▼ $57,612
Total Liabilities$341,990$582,524▲ $240,534
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,461,537$1,530,920▲ $69,383
Net Assets With Donor Restrictions$20,000$20,000→ $0
Total Net Assets Fund Balance$1,481,537$1,550,920▲ $69,383
Total Liabilities and Net Assets / Fund Balance$1,823,527$2,133,444▲ $309,917
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Scott IssenPresident &FT$168,952$168,952
Scott IssenPresident & CEO-$168,952$168,952

Board Members and Trustees

NameTitle
Jason VandeboomChairman
Becky GetzDirector
Maria BurudDirector
Mark HoytDirector
Matthew GoldfineDirector
Brad KeywellFounding CHA
Revenue and Support

Revenue Composition

Contributions and Grants
$1,610,278
Program Service Revenue
$97,106
Investment Income
$1,673
Other Revenue
$133,960
All Other Contributions
$1,610,278
Change in Net Assets
$69,383

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,843,017
Revenue Not Reported on Form 990
$205,781
Total Revenue per Audited Statements
$2,048,798
Total Revenue per Form 990
$1,843,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$759,879
Grants and Similar Amounts Paid$643,065
Other Expenses$370,690
Total Fundraising Expense$9,378
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$613,065--$613,065
Other Salaries and Wages$469,079--$469,079
Current Officers, Directors, Trustees, and Key Employees$165,268$5,268$5,268$175,804
Other Expenses$168$59,527$3,121$62,816
Other Employee Benefits$58,265$489$489$59,243
Payroll Taxes$55,003$375$375$55,753
Foreign Grants$30,000--$30,000
Occupancy-$22,000-$22,000
Advertising$15,200$75-$15,275
Total Functional Expenses$1,676,226$88,030$9,378$1,773,634

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,979,415
Expenses per Audited Statements$1,773,634
Total Expenses per Form 990$1,773,634
Expenses Not Reported on Form 990$205,781
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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$431,866
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Issen
Formed
2011
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
11
Volunteers
200

Preparer

Firm
Kopczyk Osher & Scott CPA Services
Address
4415 HARRISON ST STE 552, HILLSIDE, IL 60162-1911
Preparer
Rodney C Scott
Phone
3125270111
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, 2022. 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, 2022.”

Raw XML AppendixShowing 400 of 422 raw XML fields

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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0208270
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0150658
IRS990/AccountsReceivableGrp/EOYAmt02000
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ORGANIZATION BELIEVES EVERY YOUTH CAN BECOME AN ENTREPRENEUR.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt075
IRS990/AdvertisingGrp/ProgramServicesAmt015200
IRS990/AdvertisingGrp/TotalAmt015275
IRS990/AllOtherContributionsAmt01610278
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0SCOTT ISSEN
IRS990/BooksInCareOfDetail/PhoneNum03123500334
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 N DEARBORN ST 5TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060602
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0176086
IRS990/CashNonInterestBearingGrp/EOYAmt0350157
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt05268
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt05268
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0165268
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0175804
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01610278
IRS990/CYGrantsAndSimilarPaidAmt0643065
IRS990/CYInvestmentIncomeAmt01673
IRS990/CYOtherExpensesAmt0370690
IRS990/CYOtherRevenueAmt0133960
IRS990/CYProgramServiceRevenueAmt097106
IRS990/CYRevenuesLessExpensesAmt069383
IRS990/CYSalariesCompEmpBnftPaidAmt0759879
IRS990/CYTotalExpensesAmt01773634
IRS990/CYTotalFundraisingExpenseAmt09378
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01843017
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0FUTURE 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/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt020000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt020000
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0443077
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt030000
IRS990/ForeignGrantsGrp/TotalAmt030000
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt650.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0BRAD KEYWELL
IRS990/Form990PartVIISectionAGrp/PersonNm1JASON VANDEBOOM
IRS990/Form990PartVIISectionAGrp/PersonNm2MARIA BURUD
IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW GOLDFINE
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK HOYT
IRS990/Form990PartVIISectionAGrp/PersonNm5BECKY GETZ
IRS990/Form990PartVIISectionAGrp/PersonNm6SCOTT ISSEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6168952
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDING CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT &
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0118065
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0613065
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0613065
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01843017
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01673
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01673
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt0137
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION BELIEVES EVERY YOUTH CAN BECOME AN ENTREPRENEUR.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt01481537
IRS990/NetAssetsOrFundBalancesEOYAmt01550920
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01461537
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01530920
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt022000
IRS990/OccupancyGrp/TotalAmt022000
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03500
IRS990/OtherAssetsTotalGrp/EOYAmt03500
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0489
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0489
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058265
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059243
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/FundraisingAmt0125
IRS990/OtherExpensesGrp/FundraisingAmt13121
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0296
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt159527
IRS990/OtherExpensesGrp/ProgramServicesAmt0270178
IRS990/OtherExpensesGrp/ProgramServicesAmt1168
IRS990/OtherExpensesGrp/TotalAmt0270599
IRS990/OtherExpensesGrp/TotalAmt162816
IRS990/OtherLiabilitiesGrp/BOYAmt0133720
IRS990/OtherLiabilitiesGrp/EOYAmt0431866
IRS990/OtherRevenueMiscGrp/Desc0PPP LOAN FORGIVENESS
IRS990/OtherRevenueMiscGrp/Desc1OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt0133720
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0240
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0133720
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1240
IRS990/OtherRevenueTotalAmt0133960
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0469079
IRS990/OtherSalariesAndWagesGrp/TotalAmt0469079
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0375
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0375
IRS990/PayrollTaxesGrp/ProgramServicesAmt055003
IRS990/PayrollTaxesGrp/TotalAmt055753
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05938
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015366
IRS990/PrincipalOfficerNm0SCOTT ISSEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097106
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097106
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 AND/OR ALUMNI ACCELERATOR PROGRAMS OR OUR U.PITCH NATIONAL COLLEGIATE ELEVATOR PITCH COMPETITION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01233149
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0525000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01250210
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01915901
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0814659
IRS990/PYInvestmentIncomeAmt02937
IRS990/PYOtherExpensesAmt0193127
IRS990/PYOtherRevenueAmt0488
IRS990/PYRevenuesLessExpensesAmt0157038
IRS990/PYSalariesCompEmpBnftPaidAmt0754502
IRS990/PYTotalExpensesAmt01762288
IRS990/PYTotalRevenueAmt01919326
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt069383
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0446134
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01638003
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01762421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01610278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01915901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01349916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01047810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0899319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06823224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01673
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02937
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05362
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07724
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04543
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt022239
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0141609
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.33230
IRS990ScheduleA/PublicSupportPY170Pct00.34550
IRS990ScheduleA/PublicSupportTotal170Amt02319114
IRS990ScheduleA/SubstantialContributorsTotAmt04504110
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01610278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01915901
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01349916
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01047810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0899319
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06823224
IRS990ScheduleA/TotalSupportAmt06978183
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0132720
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0132720
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0205781
IRS990ScheduleD/DonatedServicesUseFcltsAmt0205781
IRS990ScheduleD/ExpensesNotReportedAmt0205781
IRS990ScheduleD/ExpensesSubtotalAmt01773634
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0431866
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIPS AND STIPENDS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0205781
IRS990ScheduleD/RevenueSubtotalAmt01843017
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, 2022. 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, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt01773634
IRS990ScheduleD/TotalLiabilityAmt0431866
IRS990ScheduleD/TotalRevenuePerForm990Amt01843017
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02048798
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01979415
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt030000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0STIPENDS
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt088065
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1525000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS & STIPENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS & STIPENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0300
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1112
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168952
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SCOTT ISSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0168952
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01823527
IRS990/TotalAssetsEOYAmt02133444
IRS990/TotalAssetsGrp/BOYAmt01823527
IRS990/TotalAssetsGrp/EOYAmt02133444
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01610278
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09378
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088030
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01676226
IRS990/TotalFunctionalExpensesGrp/TotalAmt01773634
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0341990
IRS990/TotalLiabilitiesEOYAmt0582524
IRS990/TotalLiabilitiesGrp/BOYAmt0341990
IRS990/TotalLiabilitiesGrp/EOYAmt0582524
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01481537
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01550920
IRS990/TotalProgramServiceExpensesAmt01676226
IRS990/TotalProgramServiceRevenueAmt097106
IRS990/TotalReportableCompFromOrgAmt0168952
IRS990/TotalRevenueGrp/ExclusionAmt0135393
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt097346
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01843017
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01823527
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02133444
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 N DEARBORN ST 5TH FLOOR
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060602
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.FUTUREFOUNDERS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT ISSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03123500334
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUTURE FOUNDERS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FUTU

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,133,444
Liabilities
$582,524
Net assets
$1,550,920
Revenue
$1,843,017
Expenses
$1,773,634
Net income
$69,383
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