Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
990 • Fiscal year 2023 • EIN 45-3340650
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Liabilities / Revenue
61st percentile
Higher debt load relative to revenue than 61% of similar nonprofits.
Net Margin
45th percentile
Higher net margin than 45% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 13.1% of source-year revenue.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Assets
Down$1,793,848
Down $339,596 (-16%) from 2022
Net Assets
Up$1,576,142
Up $25,222 (+1.6%) from 2022
Liabilities
Down$217,706
Down $364,818 (-63%) from 2022
Revenue
Down$1,387,744
Down $455,273 (-25%) from 2022
Expenses
Down$1,362,522
Down $411,112 (-23%) from 2022
Net Income
Down$25,222
Down $44,161 (-64%) from 2022
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,762,421 | $1,541,650 | ▼ $220,771 |
| Cash and Non-Interest-Bearing Accounts | $350,157 | $195,988 | ▼ $154,169 |
| Accounts Receivable | $2,000 | $49,066 | ▲ $47,066 |
| Prepaid Expenses and Deferred Charges | $15,366 | $7,144 | ▼ $8,222 |
| Total Assets | $2,133,444 | $1,793,848 | ▼ $339,596 |
| Other Assets Total | $3,500 | - | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $150,658 | $112,129 | ▼ $38,529 |
| Other Liabilities | $431,866 | $105,577 | ▼ $326,289 |
| Total Liabilities | $582,524 | $217,706 | ▼ $364,818 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,530,920 | $1,551,142 | ▲ $20,222 |
| Net Assets With Donor Restrictions | $20,000 | $25,000 | ▲ $5,000 |
| Total Net Assets Fund Balance | $1,550,920 | $1,576,142 | ▲ $25,222 |
| Total Liabilities and Net Assets / Fund Balance | $2,133,444 | $1,793,848 | ▼ $339,596 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Scott Issen | President & | FT | $182,210 | $182,210 |
| Scott Issen | President & CEO | - | $182,210 | $182,210 |
| Name | Title |
|---|---|
| Jason Vandeboom | Chairman |
| Becky Getz | Director |
| Irene Amu | Director |
| KARI O'CONNOR | Director |
| Maria Burud | Director |
| Mark Hoyt | Director |
| Matthew Goldfine | Director |
| Tony Tolentino | Director |
| Brad Keywell | Founding CHA |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $866,106 |
| Grants and Similar Amounts Paid | $308,715 |
| Other Expenses | $187,701 |
| Total Fundraising Expense | $34,764 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $528,938 | $3,434 | $22,175 | $554,547 |
| Grants to Domestic Individuals | $298,715 | - | - | $298,715 |
| Current Officers, Directors, Trustees, and Key Employees | $180,175 | $1,897 | $7,586 | $189,658 |
| Payroll Taxes | $61,963 | $652 | $2,609 | $65,224 |
| Other Employee Benefits | $53,843 | $567 | $2,267 | $56,677 |
| Other Expenses | $12 | $27,315 | $89 | $27,416 |
| Advertising | $15,877 | - | $38 | $15,915 |
| Occupancy | - | $11,300 | - | $11,300 |
| Foreign Grants | $10,000 | - | - | $10,000 |
| Total Functional Expenses | $1,282,474 | $45,284 | $34,764 | $1,362,522 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,449,599 |
| Expenses per Audited Statements | $1,362,522 |
| Total Expenses per Form 990 | $1,362,522 |
| Expenses Not Reported on Form 990 | $87,077 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Scholarships and Stipends Payable | $105,577 |
“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, 2023. 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, 2023.”
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 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 150658 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 112129 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 2000 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 49066 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | FUTURE FOUNDERS IS BUILDING THE NATION'S LARGEST INCLUSIVE COMMUNITY OF INTENTIONAL YOUNG ENTREPRENEURS AND ENTREPRENEURIAL-MINDED LEADERS. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 38 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 15877 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 15915 |
| IRS990/AllOtherContributionsAmt | 0 | 1201643 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | SCOTT ISSEN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3123500334 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1 N DEARBORN ST 5TH FLOOR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CHICAGO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60602 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 350157 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 195988 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 7586 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 1897 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 180175 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 189658 |
| 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 | 1201643 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 308715 |
| IRS990/CYInvestmentIncomeAmt | 0 | 5593 |
| IRS990/CYOtherExpensesAmt | 0 | 187701 |
| IRS990/CYOtherRevenueAmt | 0 | 51772 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 128736 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 25222 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 866106 |
| IRS990/CYTotalExpensesAmt | 0 | 1362522 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 34764 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1387744 |
| 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" INTERNSHIP. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 20000 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 25000 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 13 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 394404 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/ProgramServicesAmt | 0 | 10000 |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 10000 |
| 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 | 5.00 |
| 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 | 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/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/PersonNm | 0 | BRAD KEYWELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JASON VANDEBOOM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MARIA BURUD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MATTHEW GOLDFINE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MARK HOYT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | BECKY GETZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | IRENE AMU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | KARI O'CONNOR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | TONY TOLENTINO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | 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 | 182210 |
| 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/TitleTxt | 0 | FOUNDING CHA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRMAN |
| 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 | 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 | 10 |
| IRS990/GrantAmt | 0 | 25628 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 298715 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 298715 |
| IRS990/GrantsToIndividualsInd | 0 | true |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1387744 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 5593 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 5593 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 113 |
| 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 | FUTURE FOUNDERS IS BUILDING THE NATION'S LARGEST INCLUSIVE COMMUNITY OF INTENTIONAL YOUNG ENTREPRENEURS AND ENTREPRENEURIAL-MINDED LEADERS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | true |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1550920 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1576142 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1530920 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1551142 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 11300 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 11300 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 3500 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 2267 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 567 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 53843 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 56677 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROGRAM EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | OTHER |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 89 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 119 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 27315 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 132951 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 12 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 133070 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 27416 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 431866 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 105577 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | EMPLOYEE RETENTION CREDIT |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | OTHER |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 49000 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2772 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 49000 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 2772 |
| IRS990/OtherRevenueTotalAmt | 0 | 51772 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 22175 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 3434 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 528938 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 554547 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 2609 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 652 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 61963 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 65224 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 15366 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 7144 |
| IRS990/PrincipalOfficerNm | 0 | SCOTT ISSEN |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM SERVICE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 128736 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 128736 |
| 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, FOUNDER SOCIETY(ALUMNI)AND/OR SKILLS-BASED WORKSHOPS. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 888070 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 283087 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1610278 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 643065 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1673 |
| IRS990/PYOtherExpensesAmt | 0 | 370690 |
| IRS990/PYOtherRevenueAmt | 0 | 133960 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 97106 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 69383 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 759879 |
| IRS990/PYTotalExpensesAmt | 0 | 1773634 |
| IRS990/PYTotalRevenueAmt | 0 | 1843017 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 25222 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1915901 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1349916 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1047810 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 7125548 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5362 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 7724 |
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| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 269993 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.33580 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.33230 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1047810 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 7125548 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
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| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1362522 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SCHOLARSHIPS AND STIPENDS PAYABLE |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 87077 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1387744 |
| 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, 2023. 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, 2023. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1449599 |
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| IRS990ScheduleF/ForeignCorpOwnershipInd | 0 | false |
| IRS990ScheduleF/ForeignPartnershipInd | 0 | false |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt | 0 | 10000 |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt | 0 | STIPENDS |
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| IRS990ScheduleF/PassiveForeignInvestmestCoInd | 0 | false |
| IRS990ScheduleF/TransferToForeignCorpInd | 0 | false |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
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| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 1 | 100 |
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| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
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| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 182210 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | SCOTT ISSEN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT & CEO |
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| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| 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 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1793848 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalContributionsAmt | 0 | 1201643 |
| IRS990/TotalEmployeeCnt | 0 | 13 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 34764 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 45284 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1282474 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1362522 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 582524 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 217706 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 582524 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 217706 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1550920 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1576142 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 128736 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 182210 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 54593 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 131508 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1387744 |
| IRS990/TotalVolunteersCnt | 0 | 200 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.