Civic Intelligence

Future Roots Inc.

990 • Fiscal year 2021 • EIN 51-0665121

Jan 01, 2021 to Dec 31, 2021 • Filed on May 03, 2022

1035 West 24th StreetLos Angeles, CA 90007

(323) 603-8187

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

68th percentile

25%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$55,600

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

94th percentile

117%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

99%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$546,527

Up $294,331 (+117%) from 2020

Net Assets

Up

$529,529

Up $277,333 (+110%) from 2020

Liabilities

Up

$16,998

Up $16,998 from 2020

Revenue

Up

$1,113,450

Up $553,151 (+99%) from 2020

Expenses

Up

$839,677

Up $430,555 (+105%) from 2020

Net Income

Up

$273,773

Up $122,596 (+81%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $28,494Liabilities 2011: $0Net Assets 2011: $28,4942011Assets 2012: $11,105Liabilities 2012: $0Net Assets 2012: $11,1052012Assets 2013: $17,526Liabilities 2013: $02013Assets 2014: $29,454Liabilities 2014: $0Net Assets 2014: $29,4542014Assets 2015: $40,476Liabilities 2015: $0Net Assets 2015: $40,4762015Assets 2016: $29,814Liabilities 2016: $0Net Assets 2016: $29,8142016Assets 2017: $46,936Liabilities 2017: $0Net Assets 2017: $46,9362017Assets 2018: $97,106Liabilities 2018: $6,000Net Assets 2018: $91,1062018Assets 2019: $101,019Liabilities 2019: $0Net Assets 2019: $101,0192019Assets 2020: $252,196Liabilities 2020: $0Net Assets 2020: $252,1962020Assets 2021: $546,527Liabilities 2021: $16,998Net Assets 2021: $529,5292021Assets 2022: $1,149,099Liabilities 2022: $12,440Net Assets 2022: $1,136,6592022Assets 2023: $1,370,659Liabilities 2023: $169Net Assets 2023: $1,370,4902023Assets 2024: $1,324,538Liabilities 2024: $532Net Assets 2024: $1,324,0062024

Highlighted filing

2021

Assets$546,527
Liabilities$16,998
Net Assets$529,529

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $165,405Expenses 2011: $144,315Net Income 2011: $21,0902011Revenue 2012: $144,693Expenses 2012: $162,082Net Income 2012: -$17,3892012Revenue 2013: $172,814Expenses 2013: $166,393Net Income 2013: $6,4212013Revenue 2014: $233,718Expenses 2014: $221,790Net Income 2014: $11,9282014Revenue 2015: $190,047Expenses 2015: $179,025Net Income 2015: $11,0222015Revenue 2016: $254,953Expenses 2016: $265,615Net Income 2016: -$10,6622016Revenue 2017: $325,002Expenses 2017: $307,880Net Income 2017: $17,1222017Revenue 2018: $374,943Expenses 2018: $339,773Net Income 2018: $35,1702018Revenue 2019: $386,405Expenses 2019: $376,492Net Income 2019: $9,9132019Revenue 2020: $560,299Expenses 2020: $409,122Net Income 2020: $151,1772020Revenue 2021: $1,113,450Expenses 2021: $839,677Net Income 2021: $273,7732021Revenue 2022: $1,726,460Expenses 2022: $1,098,276Net Income 2022: $628,1842022Revenue 2023: $1,227,420Expenses 2023: $1,008,795Net Income 2023: $218,6252023Revenue 2024: $984,247Expenses 2024: $1,038,181Net Income 2024: -$53,9342024

Highlighted filing

2021

Revenue$1,113,450
Expenses$839,677
Net Income$273,773
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.2
Gross Receipts
$1,133,928
Mission and Program Overview

Mission

Dublab's mission is to share music and culture with an international audience through freeform radio broadcast. We strive to promote innovative art exhibits, films, events and record releases through our diverse, multicultural programming. Through our events and programming we work to build a strong community for people to collaborate, share, and enjoy music.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$166,041$254,319▲ $88,278
Investments in Publicly Traded Securities-$122,347-
Accounts Receivable$30,531$117,600▲ $87,069
Land, Buildings, and Equipment, Net$34,624$50,036▲ $15,412
Savings and Temporary Cash Investments-$2,225-
Total Assets$252,196$546,527▲ $294,331
Other Assets Total$21,000$0▼ $21,000
Liabilities
Accounts Payable and Accrued Expenses-$16,998-
Total Liabilities$0$16,998▲ $16,998
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$252,196$479,529▲ $227,333
Net Assets With Donor Restrictions-$50,000-
Total Net Assets Fund Balance$252,196$529,529▲ $277,333
Total Liabilities and Net Assets / Fund Balance$252,196$546,527▲ $294,331

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$42,613$26,987$69,600
Equipment$7,423$9,418$16,841
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alejandro CohenDirector, Secretary/treasuFT$55,600$55,600
Mark Mcneill See Sch ODirectorPT$7,250$7,250

Board Members and Trustees

NameTitle
Sarah SheweyDirector, President
Bryan YounceDirector, Vice President
Chris ManakDirector
Jackie GoldbergDirector
Joel ChenDirector
John ShaefferDirector
Josh KunDirector
Kamran ValanedajDirector
Liz GaroDirector
Saul WilliamsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$628,030
Program Service Revenue
$497,265
Investment Income
$2,095
Other Revenue
$-13,940
All Other Contributions
$526,677
Change in Net Assets
$273,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$562,285
Salaries, Compensation, and Employee Benefits$277,392
Total Fundraising Expense$62,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$371,642$3,806$12,777$388,225
Other Salaries and Wages$171,936$8,837$17,917$198,690
Current Officers, Directors, Trustees, and Key Employees$47,260$2,780$5,560$55,600
Occupancy$42,633--$42,633
Payroll Taxes$19,914$1,055$2,133$23,102
Information Technology$21,219--$21,219
Office Expenses$17,107--$17,107
Depreciation Depletion$12,403-$1,185$13,588
All Other Expenses$5,636$327-$5,963
Fees for Services Accounting-$4,843-$4,843
Insurance$3,048$1,387$273$4,708
Other Expenses$4,073-$30$4,103
Advertising--$2,500$2,500
Travel$1,911--$1,911
Fees for Service Investment Mgmnt Fees-$1,083-$1,083
Total Functional Expenses$753,063$24,118$62,496$839,677
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,940
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Anniversay$11,403-$9,777-
Salon$3,750-$4,163-
Total Events$15,153-$13,940$-13,940
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

A draft of form 990 is reviewed by both the president and secretary/treasurer. Any questions, comments, et al will be discussed with the outside cpa and if nessecary, any changes will be made to the 990.

Form 990, Part VI, Section B, Line 15

The board is of the belief that the salary of its secretary/treasurer (the only officer and or key employee as defined in form 990 instructions being compensated) is below prevailing market compensation due to its limited budget. When the organization is in the position to pay market rate compensation, it will collect relevant comparability data.

Form 990, Part VI, Section C, Line 19

The organization's form 1023 and the latest three years of form 990 are available upon request.

Part VII, Section A

Director mark mcneill provided services to the organization both as a curator and certain production services in addition to his duties as a director. The amount shown in column d (5,050) of part vii represents payments for these services and such amounts are included on line 11(g)of part ix.

Filing and Contact Details

Filer

Filer Name
Future Roots Inc
EIN
51-0665121
Phone
3236038187
Address
1035 WEST 24TH STREET, LOS ANGELES, CA 90007
Doing Business As
Dublab

Signing Officer

Name
Alejandro Cohen
Title
Secretary/treasurer
Phone
3236038187
Signed
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alejandro Cohen
Formed
2008
Legal Domicile
De
Voting Board Members
12
Independent Board Members
11
Employees
7
Volunteers
180

Preparer

Firm
Michael Berry CPA
Address
PO BOX 5045, CULVER CITY, CA 90231-5045
Preparer
Michael Berry
Phone
3107454027
Supplemental Narrative

Additional Explanations

Part I, Line 1

Since 1999, future roots, inc. (referred to as dublab) has been broadcasting wide-spectrum music from around the world. Our programming has expanded to include the production of original art exhibits, films, events record releases and educational programs related to health, youth, development, education and creative processes. Dublab is a platform for discovery and the cultivation of next-wave music, arts and culture. Dublab broadcasts hundreds of radio programs hosted by some of the most talented djs worldwide. Our djs are empowered to freely play sounds they are passionate about, making each show distinct. Our "future roots" concept collapses time, space and genre to celebrate the continuum of creative music made by passionate people. Influential sounds of the past flow into the dynamic sounds of tomorrow. The dublab airwaves allow space for diverse styles, eras, genres and music cultures to co-exist. Dublab is documenting the lineage of creative sound and accelerating its progress. Dublab presents live cultural experiences ranging from art exhibitions and film screenings to concerts and pop-up broadcasts. These events come to life in unique venues throughout los angeles and around the world as immersive sound and vision experiences. Dublab programs many signature, annual events including our anniversary party, creative cultivation salon, and tonalism an all-night ambient series.

Form 990, Part IX, Line 11G

Consulting: program service expenses 12,351. Management and general expenses 0. Fundraising expenses 2,140. Total expenses 14,491. Curation: program service expenses 51,563. Management and general expenses 0. Fundraising expenses 2,500. Total expenses 54,063. Graphic: program service expenses 64,365. Management and general expenses 0. Fundraising expenses 1,537. Total expenses 65,902. Film services: program service expenses 20,745. Management and general expenses 0. Fundraising expenses 4,000. Total expenses 24,745. Sound services: program service expenses 61,766. Management and general expenses 0. Fundraising expenses 2,000. Total expenses 63,766. Artists live performances: program service expenses 98,810. Management and general expenses 0. Fundraising expenses 0. Total expenses 98,810. Art/music work commission: program service expenses 19,814. Management and general expenses 0. Fundraising expenses 600. Total expenses 20,414. Disc jockeys: program service expenses 24,926. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,926. Programming: program service expenses 16,802. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,802. Other: program service expenses 500. Management and general expenses 3,806. Fundraising expenses 0. Total expenses 4,306.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR, VICE PRESIDENT
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IRS990/MissionDesc0DUBLAB CULTIVATES AND SUPPORTS LOCAL CULTURAL ECOSYSTEMS WORLDWIDE. THROUGH COMMUNITY-GENERATED RADIO, DUBLAB PROMOTES CURIOSITY, EXPERIMENTATION, INCLUSIVITY, AND CONNECTION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SINCE 1999, FUTURE ROOTS, INC. (REFERRED TO AS DUBLAB) HAS BEEN BROADCASTING WIDE-SPECTRUM MUSIC FROM AROUND THE WORLD. OUR PROGRAMMING HAS EXPANDED TO INCLUDE THE PRODUCTION OF ORIGINAL ART EXHIBITS, FILMS, EVENTS RECORD RELEASES AND EDUCATIONAL PROGRAMS RELATED TO HEALTH, YOUTH, DEVELOPMENT, EDUCATION AND CREATIVE PROCESSES. DUBLAB IS A PLATFORM FOR DISCOVERY AND THE CULTIVATION OF NEXT-WAVE MUSIC, ARTS AND CULTURE. DUBLAB BROADCASTS HUNDREDS OF RADIO PROGRAMS HOSTED BY SOME OF THE MOST TALENTED DJS WORLDWIDE. OUR DJS ARE EMPOWERED TO FREELY PLAY SOUNDS THEY ARE PASSIONATE ABOUT, MAKING EACH SHOW DISTINCT. OUR "FUTURE ROOTS" CONCEPT COLLAPSES TIME, SPACE AND GENRE TO CELEBRATE THE CONTINUUM OF CREATIVE MUSIC MADE BY PASSIONATE PEOPLE. INFLUENTIAL SOUNDS OF THE PAST FLOW INTO THE DYNAMIC SOUNDS OF TOMORROW. THE DUBLAB AIRWAVES ALLOW SPACE FOR DIVERSE STYLES, ERAS, GENRES AND MUSIC CULTURES TO CO-EXIST. DUBLAB IS DOCUMENTING THE LINEAGE OF CREATIVE SOUND AND ACCELERATING ITS PROGRESS. DUBLAB PRESENTS LIVE CULTURAL EXPERIENCES RANGING FROM ART EXHIBITIONS AND FILM SCREENINGS TO CONCERTS AND POP-UP BROADCASTS. THESE EVENTS COME TO LIFE IN UNIQUE VENUES THROUGHOUT LOS ANGELES AND AROUND THE WORLD AS IMMERSIVE SOUND AND VISION EXPERIENCES. DUBLAB PROGRAMS MANY SIGNATURE, ANNUAL EVENTS INCLUDING OUR ANNIVERSARY PARTY, CREATIVE CULTIVATION SALON, AND TONALISM AN ALL-NIGHT AMBIENT SERIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS REVIEWED BY BOTH THE PRESIDENT AND SECRETARY/TREASURER. ANY QUESTIONS, COMMENTS, ET AL WILL BE DISCUSSED WITH THE OUTSIDE CPA AND IF NESSECARY, ANY CHANGES WILL BE MADE TO THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS OF THE BELIEF THAT THE SALARY OF ITS SECRETARY/TREASURER (THE ONLY OFFICER AND OR KEY EMPLOYEE AS DEFINED IN FORM 990 INSTRUCTIONS BEING COMPENSATED) IS BELOW PREVAILING MARKET COMPENSATION DUE TO ITS LIMITED BUDGET. WHEN THE ORGANIZATION IS IN THE POSITION TO PAY MARKET RATE COMPENSATION, IT WILL COLLECT RELEVANT COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 1023 AND THE LATEST THREE YEARS OF FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTOR MARK MCNEILL PROVIDED SERVICES TO THE ORGANIZATION BOTH AS A CURATOR AND CERTAIN PRODUCTION SERVICES IN ADDITION TO HIS DUTIES AS A DIRECTOR. THE AMOUNT SHOWN IN COLUMN D (5,050) OF PART VII REPRESENTS PAYMENTS FOR THESE SERVICES AND SUCH AMOUNTS ARE INCLUDED ON LINE 11(G)OF PART IX.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING: PROGRAM SERVICE EXPENSES 12,351. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,140. TOTAL EXPENSES 14,491. CURATION: PROGRAM SERVICE EXPENSES 51,563. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,500. TOTAL EXPENSES 54,063. GRAPHIC: PROGRAM SERVICE EXPENSES 64,365. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,537. TOTAL EXPENSES 65,902. FILM SERVICES: PROGRAM SERVICE EXPENSES 20,745. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 4,000. TOTAL EXPENSES 24,745. SOUND SERVICES: PROGRAM SERVICE EXPENSES 61,766. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,000. TOTAL EXPENSES 63,766. ARTISTS LIVE PERFORMANCES: PROGRAM SERVICE EXPENSES 98,810. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,810. ART/MUSIC WORK COMMISSION: PROGRAM SERVICE EXPENSES 19,814. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 600. TOTAL EXPENSES 20,414. DISC JOCKEYS: PROGRAM SERVICE EXPENSES 24,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,926. PROGRAMMING: PROGRAM SERVICE EXPENSES 16,802. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,802. OTHER: PROGRAM SERVICE EXPENSES 500. MANAGEMENT AND GENERAL EXPENSES 3,806. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,306.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$0.98$1.04$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$1.23$1.01$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.01$1.14$1.73$1.10$0.63
2021Detailed filing. Detailed filing data is available for this year.$0.55$0.02$0.53$1.11$0.84$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.00$0.25$0.56$0.41$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.39$0.38$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.01$0.09$0.37$0.34$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.00$0.05$0.33$0.31$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$0.25$0.27$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.19$0.18$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.23$0.22$0.01
2013Summary only. Only limited summary data is available for this year.$0.02$0.00$0.17$0.17$0.01
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.14$0.16$0.02
2011Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.17$0.14$0.02
Peer Organizations

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