Civic Intelligence

Future Foundation Inc.

990 • Fiscal year 2021 • EIN 58-2636418

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

1892 Washington RoadAtlanta, GA 30344

(404) 766-0510

Siviq Scores

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

Liabilities / Assets

88th percentile

0.64x

Higher debt load relative to assets than 88% of similar nonprofits.

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

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

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

Net Margin

15th percentile

-11%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

2nd percentile

-43%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

12th percentile

-24%

Faster revenue growth than 12% of similar nonprofits.

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

Assets

Down

$453,569

Down $343,006 (-43%) from 2020

Net Assets

Down

$162,322

Down $207,339 (-56%) from 2020

Liabilities

Down

$291,247

Down $135,667 (-32%) from 2020

Revenue

Down

$1,952,212

Down $599,991 (-24%) from 2020

Expenses

Down

$2,159,554

Down $379,367 (-15%) from 2020

Net Income

Down

-$207,342

Down $220,624 (-1661%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $384,053Liabilities 2010: $12,412Net Assets 2010: $371,6412010Assets 2011: $305,632Liabilities 2011: $24,612Net Assets 2011: $281,0202011Assets 2012: $384,867Liabilities 2012: $136,970Net Assets 2012: $247,8972012Assets 2013: $358,880Liabilities 2013: $116,846Net Assets 2013: $242,0342013Assets 2014: $459,036Liabilities 2014: $78,374Net Assets 2014: $380,6622014Assets 2015: $685,113Liabilities 2015: $254,263Net Assets 2015: $430,8502015Assets 2016: $338,347Liabilities 2016: $183,603Net Assets 2016: $154,7442016Assets 2017: $418,012Liabilities 2017: $305,229Net Assets 2017: $112,7832017Assets 2018: $686,213Liabilities 2018: $388,653Net Assets 2018: $297,5602018Assets 2019: $765,739Liabilities 2019: $409,360Net Assets 2019: $356,3792019Assets 2020: $796,575Liabilities 2020: $426,914Net Assets 2020: $369,6612020Assets 2021: $453,569Liabilities 2021: $291,247Net Assets 2021: $162,3222021Assets 2022: $450,870Liabilities 2022: $235,202Net Assets 2022: $215,6682022

Highlighted filing

2021

Assets$453,569
Liabilities$291,247
Net Assets$162,322

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,552,288Expenses 2010: $1,605,474Net Income 2010: -$53,1862010Revenue 2011: $1,026,300Expenses 2011: $1,116,921Net Income 2011: -$90,6212011Revenue 2012: $2,316,723Expenses 2012: $2,349,846Net Income 2012: -$33,1232012Revenue 2013: $2,020,729Expenses 2013: $2,026,592Net Income 2013: -$5,8632013Revenue 2014: $2,109,885Expenses 2014: $1,971,257Net Income 2014: $138,6282014Revenue 2015: $2,188,273Expenses 2015: $2,138,085Net Income 2015: $50,1882015Revenue 2016: $1,798,608Expenses 2016: $2,074,714Net Income 2016: -$276,1062016Revenue 2017: $1,960,332Expenses 2017: $2,002,293Net Income 2017: -$41,9612017Revenue 2018: $2,386,941Expenses 2018: $2,202,164Net Income 2018: $184,7772018Revenue 2019: $2,371,227Expenses 2019: $2,312,408Net Income 2019: $58,8192019Revenue 2020: $2,552,203Expenses 2020: $2,538,921Net Income 2020: $13,2822020Revenue 2021: $1,952,212Expenses 2021: $2,159,554Net Income 2021: -$207,3422021Revenue 2022: $1,811,859Expenses 2022: $1,757,025Net Income 2022: $54,8342022

Highlighted filing

2021

Revenue$1,952,212
Expenses$2,159,554
Net Income-$207,342
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$1,952,212
Mission and Program Overview

Mission

Future Foundation is leveling the playing field for youth caught in a cycle of generational poverty by serving as a second family, providing exposure to new experiences, and reinforcing the skills needed for adulthood.

To level the playing field for youth caught in a cycle of poverty by serving as a second family, providing new experiences, and reinforcing skills needd to thrive in adulthood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$213,023$158,349▼ $54,674
Cash and Non-Interest-Bearing Accounts$294,197$133,801▼ $160,396
Pledges and Grants Receivable$223,335$114,544▼ $108,791
Accounts Receivable$66,020$46,875▼ $19,145
Total Assets$796,575$453,569▼ $343,006
Liabilities
Other Liabilities$188,335$138,133▼ $50,202
Accounts Payable and Accrued Expenses$183,611$97,534▼ $86,077
Mortgage Notes Payable Secured by Investment Property$19,965$55,580▲ $35,615
Deferred Revenue$35,000$0▼ $35,000
Total Liabilities$426,911$291,247▼ $135,664
Net Assets / Fund Balance
Net Assets With Donor Restrictions$185,749$162,644▼ $23,105
Net Assets Without Donor Restrictions$183,915$-322▼ $184,237
Total Net Assets Fund Balance$369,664$162,322▼ $207,342
Total Liabilities and Net Assets / Fund Balance$796,575$453,569▼ $343,006

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$151,853$473,110$624,963
Leasehold Improvements$6,496$5,632$12,128
Compensation and Service Providers

Board Members and Trustees

NameTitle
W Imara CanadyGov. Committee & Board Chair
Jenn LeahyMarketing Committee Chair
Andrew HarnettDirector
Felicia AllenDirector
Jeetendra KumarDirector
Jonas RhodenDirector
Pia ForbesDirector
James TysonCEO
Julius Shareef Abdur-rahimFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$1,952,212
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$329,413
Change in Net Assets
$-207,342

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$126,360Market Rates
Total Noncash Contributions$126,360-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,952,212
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,952,212
Total Revenue per Form 990
$1,952,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,120,435
Salaries, Compensation, and Employee Benefits$1,039,119
Total Fundraising Expense$97,513
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$674,938$19,917$34,154$729,009
Fees for Services Other$327,991$4,509$27,500$360,000
Occupancy$208,556$6,517$2,172$217,245
Current Officers, Directors, Trustees, and Key Employees$95,000$58,500$31,500$185,000
Office Expenses$79,719$218-$79,937
Insurance$78,961--$78,961
Payroll Taxes$68,184$8,426-$76,610
Depreciation Depletion$45,379$7,108$2,187$54,674
Conferences and Meetings$52,673--$52,673
Other Employee Benefits$45,273$3,227-$48,500
Fees for Services Accounting$25,031--$25,031
Other Expenses$7,174$15,091-$22,265
Advertising$13,964$310-$14,274
Interest$11,887--$11,887
Travel$8,949--$8,949
All Other Expenses$3,236$2,237-$5,473
Total Functional Expenses$1,935,307$126,734$97,513$2,159,554

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,159,554
Total Expenses per Audited Statements$2,159,554
Total Expenses per Form 990$2,159,554
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Capital Lease Obligations$91,539
Refundable Advance - Ppp$46,594
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section A, Line 2

The founder and ceo of the foundation are siblings.

Form 990, Part VI, Section B, Line 11B

Once the form 990 has been prepared by an independent cpa, the finance committee will receive a copy of the return. It is reviewed for accuracy and any recommendations for changes will be made. Once approved by the finance committee, the 990 is sent to each board member for approval with a memo attached acknowledging finance committee's approval. Once board member approval is obtained, the 990 will be finalized and processed for filing.

Form 990, Part VI, Section B, Line 12C

Board members are expected to sign a conflict of interest policy each year, which requires them to disclose possible conflicts of interest to the board of directors.

Form 990, Part VI, Section B, Line 15

The foundation bases its compensation on industry averages.

Form 990, Part VI, Section C, Line 18

The form 990 is available upon request.

Form 990, Part VI, Section C, Line 19

The foundation has developed a process that makes governing documents and conflict of interest policies, etc. Available to the public. The board of directors has approved this process which makes these documents available under the "about us" section of the foundation's website, www.future-foundation.com.

Filing and Contact Details

Filer

Filer Name
Future Foundation Inc
EIN
58-2636418
Phone
4047660510
Address
1892 WASHINGTON ROAD, ATLANTA, GA 30344

Signing Officer

Name
Ronnette Smith
Title
CEO
Phone
4047660510
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronnette Smith
Formed
2001
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
68
Volunteers
10

Preparer

Firm
Marshall Jones
Address
3097 E SHADOWLAWN AVE NE, ATLANTA, GA 30305
Preparer
Nathan Lummus
Phone
4042312001
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside services: program service expenses 317,731. Management and general expenses 4,500. Fundraising expenses 0. Total expenses 322,231. Payroll fees: program service expenses 10,260. Management and general expenses 9. Fundraising expenses 0. Total expenses 10,269. Fundraising consultant: program service expenses 0. Management and general expenses 0. Fundraising expenses 27,500. Total expenses 27,500.

Part XII, Line 2C

The foundation did not change its oversight process or its selcection process.

Financial Statement Notes

PART X, LINE 2:

The foundation only recognizes the tax benefit from an uncertain tax position taken or expected to be taken in a tax return if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Management has analyzed tax positions taken for filings with the internal revenue service and all state jurisdictions where the organization operates. Management believes that income tax filing positions would be sustained upon examination and does not anticipate that any adjustments would result in a material adverse effect on the organization's financial condition, results of operations or cash flows. Accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2021.

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IRS990/Desc0SINCE 2001, THE FOUNDATION HAS FOCUSED ON FIVE CRITICAL INTERDEPENDENT AREAS OF YOUNG PEOPLES' LIVES - RELATIONSHIPS, HEALTH, LIFE SKILLS, ACADEMICS, AND FAMILY - AND PROVIDED RELATED RESOURCES TO THEIR FAMILIES AS WELL, SO THAT BOTH GENERATIONS CAN MAKE PROGRESS TOGETHER. THE FOUNDATION'S ULTIMATE GOAL IS TO END THE PERVASIVE CYCLE OF GENERATIONAL POVERTY IN ATLANTA.SEE ATTACHED FOR FURTHER DETAIL.
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IRS990/NoncashContributionsAmt0126360
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02172
IRS990/OccupancyGrp/ManagementAndGeneralAmt06517
IRS990/OccupancyGrp/ProgramServicesAmt0208556
IRS990/OccupancyGrp/TotalAmt0217245
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0218
IRS990/OfficeExpensesGrp/ProgramServicesAmt079719
IRS990/OfficeExpensesGrp/TotalAmt079937
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03227
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt045273
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048500
IRS990/OtherExpensesGrp/Desc0DIRECT CIENT ASSISTANCE
IRS990/OtherExpensesGrp/Desc1PROGRAM FUNDRAISING
IRS990/OtherExpensesGrp/Desc2COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0674
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115091
IRS990/OtherExpensesGrp/ProgramServicesAmt089335
IRS990/OtherExpensesGrp/ProgramServicesAmt160224
IRS990/OtherExpensesGrp/ProgramServicesAmt238833
IRS990/OtherExpensesGrp/ProgramServicesAmt37174
IRS990/OtherExpensesGrp/TotalAmt089335
IRS990/OtherExpensesGrp/TotalAmt160224
IRS990/OtherExpensesGrp/TotalAmt239507
IRS990/OtherExpensesGrp/TotalAmt322265
IRS990/OtherLiabilitiesGrp/BOYAmt0188335
IRS990/OtherLiabilitiesGrp/EOYAmt0138133
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt034154
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019917
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0674938
IRS990/OtherSalariesAndWagesGrp/TotalAmt0729009
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08426
IRS990/PayrollTaxesGrp/ProgramServicesAmt068184
IRS990/PayrollTaxesGrp/TotalAmt076610
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0223335
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0114544
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RONNETTE SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02552203
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01222295
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt013282
IRS990/PYSalariesCompEmpBnftPaidAmt01316626
IRS990/PYTotalExpensesAmt02538921
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02552203
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-207342
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01952212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02552203
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02370577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02371739
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01956682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011203413
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.95860
IRS990ScheduleA/PublicSupportTotal170Amt011203413
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01952212
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02552203
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02370577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02371739
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01956682
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011203413
IRS990ScheduleA/TotalSupportAmt011203413
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0151853
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0473110
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0624963
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02159554
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06496
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05632
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt146594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE ADVANCE - PPP
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01952212
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ONLY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE THE ORGANIZATION OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0158349
IRS990ScheduleD/TotalExpensesPerForm990Amt02159554
IRS990ScheduleD/TotalLiabilityAmt0138133
IRS990ScheduleD/TotalRevenuePerForm990Amt01952212
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01952212
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02159554
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SERVICES AND FACILITIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0MARKET RATES
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0126360
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDER AND CEO OF THE FOUNDATION ARE SIBLINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONCE THE FORM 990 HAS BEEN PREPARED BY AN INDEPENDENT CPA, THE FINANCE COMMITTEE WILL RECEIVE A COPY OF THE RETURN. IT IS REVIEWED FOR ACCURACY AND ANY RECOMMENDATIONS FOR CHANGES WILL BE MADE. ONCE APPROVED BY THE FINANCE COMMITTEE, THE 990 IS SENT TO EACH BOARD MEMBER FOR APPROVAL WITH A MEMO ATTACHED ACKNOWLEDGING FINANCE COMMITTEE'S APPROVAL. ONCE BOARD MEMBER APPROVAL IS OBTAINED, THE 990 WILL BE FINALIZED AND PROCESSED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE EXPECTED TO SIGN A CONFLICT OF INTEREST POLICY EACH YEAR, WHICH REQUIRES THEM TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION BASES ITS COMPENSATION ON INDUSTRY AVERAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION HAS DEVELOPED A PROCESS THAT MAKES GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES, ETC. AVAILABLE TO THE PUBLIC. THE BOARD OF DIRECTORS HAS APPROVED THIS PROCESS WHICH MAKES THESE DOCUMENTS AVAILABLE UNDER THE "ABOUT US" SECTION OF THE FOUNDATION'S WEBSITE, WWW.FUTURE-FOUNDATION.COM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 317,731. MANAGEMENT AND GENERAL EXPENSES 4,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 322,231. PAYROLL FEES: PROGRAM SERVICE EXPENSES 10,260. MANAGEMENT AND GENERAL EXPENSES 9. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,269. FUNDRAISING CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 27,500. TOTAL EXPENSES 27,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FOUNDATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR ITS SELCECTION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0796575
IRS990/TotalAssetsEOYAmt0453569
IRS990/TotalAssetsGrp/BOYAmt0796575
IRS990/TotalAssetsGrp/EOYAmt0453569
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01952212
IRS990/TotalEmployeeCnt068
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt097513
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0126734
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01935307
IRS990/TotalFunctionalExpensesGrp/TotalAmt02159554
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0426911
IRS990/TotalLiabilitiesEOYAmt0291247
IRS990/TotalLiabilitiesGrp/BOYAmt0426911
IRS990/TotalLiabilitiesGrp/EOYAmt0291247
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0369664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0162322
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01935307
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01952212
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0796575

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.24$0.22$1.81$1.76$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.45$0.29$0.16$1.95$2.16$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.43$0.37$2.55$2.54$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.41$0.36$2.37$2.31$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.39$0.30$2.39$2.20$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.31$0.11$1.96$2.00$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.18$0.15$1.80$2.07$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.25$0.43$2.19$2.14$0.05
2014Summary only. Only limited summary data is available for this year.$0.46$0.08$0.38$2.11$1.97$0.14
2013Summary only. Only limited summary data is available for this year.$0.36$0.12$0.24$2.02$2.03$0.01
2012Summary only. Only limited summary data is available for this year.$0.38$0.14$0.25$2.32$2.35$0.03
2011Summary only. Only limited summary data is available for this year.$0.31$0.02$0.28$1.03$1.12$0.09
2010Summary only. Only limited summary data is available for this year.$0.38$0.01$0.37$1.55$1.61$0.05