Civic Intelligence

Futures Inc.

990 • Fiscal year 2019 • EIN 59-2560862

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 12, 2019

3750 Olson DriveDaytona Beach, FL 32124

(386) 255-6475

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,076,513

Up $233,470 (+13%) from 2018

Net Assets

Up

$2,076,513

Up $233,470 (+13%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$1,009,425

Up $148,602 (+17%) from 2018

Expenses

Up

$761,531

Up $2,086 (+0.3%) from 2018

Net Income

Up

$247,894

Up $146,516 (+145%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,383,781Liabilities 2011: $77Net Assets 2011: $1,383,7042011Assets 2012: $1,398,185Liabilities 2012: $2,297Net Assets 2012: $1,395,8882012Assets 2013: $1,470,371Liabilities 2013: $1,287Net Assets 2013: $1,469,0842013Assets 2014: $1,560,567Liabilities 2014: $159Net Assets 2014: $1,560,4082014Assets 2015: $1,652,489Liabilities 2015: $24,590Net Assets 2015: $1,627,8992015Assets 2016: $1,628,921Liabilities 2016: $0Net Assets 2016: $1,628,9212016Assets 2017: $1,779,218Liabilities 2017: $0Net Assets 2017: $1,779,2182017Assets 2018: $1,843,043Liabilities 2018: $0Net Assets 2018: $1,843,0432018Assets 2019: $2,076,513Liabilities 2019: $0Net Assets 2019: $2,076,5132019Assets 2020: $2,289,931Liabilities 2020: $44,000Net Assets 2020: $2,245,9312020Assets 2021: $2,541,730Liabilities 2021: $66,150Net Assets 2021: $2,475,5802021Assets 2022: $2,752,805Liabilities 2022: $252,281Net Assets 2022: $2,500,5242022Assets 2023: $2,812,850Liabilities 2023: $125,867Net Assets 2023: $2,686,9832023Assets 2024: $2,799,497Liabilities 2024: $25,913Net Assets 2024: $2,773,5842024

Highlighted filing

2019

Assets$2,076,513
Liabilities$0
Net Assets$2,076,513

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2011: $484,121Expenses 2011: $368,984Net Income 2011: $115,1372011Expenses 2012: $373,3112012Expenses 2013: $437,5532013Revenue 2014: $731,411Expenses 2014: $640,087Net Income 2014: $91,3242014Revenue 2015: $703,083Expenses 2015: $630,077Net Income 2015: $73,0062015Revenue 2016: $683,148Expenses 2016: $675,300Net Income 2016: $7,8482016Revenue 2017: $795,383Expenses 2017: $648,925Net Income 2017: $146,4582017Revenue 2018: $860,823Expenses 2018: $759,445Net Income 2018: $101,3782018Revenue 2019: $1,009,425Expenses 2019: $761,531Net Income 2019: $247,8942019Revenue 2020: $898,898Expenses 2020: $747,843Net Income 2020: $151,0552020Revenue 2021: $1,118,587Expenses 2021: $888,938Net Income 2021: $229,6492021Revenue 2022: $883,163Expenses 2022: $858,219Net Income 2022: $24,9442022Revenue 2023: $1,373,116Expenses 2023: $1,186,657Net Income 2023: $186,4592023Revenue 2024: $1,172,429Expenses 2024: $1,160,979Net Income 2024: $11,4502024

Highlighted filing

2019

Revenue$1,009,425
Expenses$761,531
Net Income$247,894
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 12, 2019
Return Version
2018v3.1
Gross Receipts
$1,063,485
Mission and Program Overview

Mission

Mission: "we engage business and civic leaders to promote and achieve educational excellence for volusia county public schools." vision: "all volusia county public school students are equipped and prepared for college or career success."

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$843,784$923,149▲ $79,365
Investments in Publicly Traded Securities$587,532$739,519▲ $151,987
Savings and Temporary Cash Investments$378,176$194,363▼ $183,813
Cash and Non-Interest-Bearing Accounts-$181,425-
Pledges and Grants Receivable$18,101$26,260▲ $8,159
Accounts Receivable$3,766$500▼ $3,266
Total Assets$1,843,043$2,076,513▲ $233,470
Other Assets Total$11,684$11,297▼ $387
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$935,253$986,422▲ $51,169
Unrestricted Net Assets$884,947$872,885▼ $12,062
Permanently Rstr Net Assets$22,843$217,206▲ $194,363
Total Net Assets Fund Balance$1,843,043$2,076,513▲ $233,470
Total Liabilities and Net Assets / Fund Balance$1,843,043$2,076,513▲ $233,470

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$958,096$314,556▲ $29,152$425,436$830,191
2017$929,676$440,742▲ $2,192$345,493$958,096
2016$924,764$569,169▲ $30,832$532,790$929,676
2015$876,981$599,486▲ $1,064$513,118$924,764
2014$879,267$537,773▼ $15$501,009$876,981
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$940,059
Program Service Revenue
$0
Investment Income
$45,716
Other Revenue
$23,650
All Other Contributions
$643,432
Change in Net Assets
$247,894

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table139$45,688Revenues Not Reported
Total Noncash Contributions139$45,688-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,009,425
Revenue Not Reported on Form 990
$121,742
Total Revenue per Audited Statements
$1,131,167
Total Revenue per Form 990
$1,009,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$432,345
Other Expenses$329,186
Total Fundraising Expense$1,853
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$386,168--$386,168
Fees for Services Management$87,149$136,388-$223,537
Grants to Domestic Individuals$46,177--$46,177
Office Expenses$27,115$1,482$1,853$30,450
Fees for Service Investment Mgmnt Fees-$19,495-$19,495
Fees for Services Accounting-$15,409-$15,409
Conferences and Meetings$12,300$2,264-$14,564
Insurance$176$3,555-$3,731
All Other Expenses$533$2,977-$3,510
Travel$1,098$1,936-$3,034
Information Technology$1,300$1,708-$3,008
Other Expenses$1,522$3,420-$1,522
Total Functional Expenses$571,044$188,634$1,853$761,531

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$897,697
Expenses per Audited Statements$761,531
Total Expenses per Form 990$761,531
Expenses Not Reported on Form 990$136,166
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Volusia County District School BoarDeland, FLGovMini-grants & Awards$114,334
Voluisa County District School BoarDeland, FLGovPass-thru Grant$104,230
Voluisa County District School BoarDeland, FLGovState Matching$83,802
Volusia County District School BoarDeland, FLGovSchool Matching Gran$83,802
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$77,710
Fundraising Direct Expenses$54,060
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Caribbean Party$129,070$52,070$23,334$28,736
Teacher of the$56,990$25,640$30,726$-5,086
Total Events$186,060$77,710$54,060$23,650
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
Yes
Audit committee
Yes
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
Yes
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 and attachments are submitted to the executive director, the entity's audit committee, and an independent oversight member of the board of directors for reveiw and acceptance before filing.

Form 990, Page 6, Part VI, Line 12C

All members of the board of directors are required to inform the entity of any potential conflicts when they are determined to exist, as is defined in the entity's formal conflict of interest statement.

Form 990, Page 6, Part VI, Line 15A

The executive director's performance is monitored by the board of directors. Compensation matters are also externally reviewed and monitored by the volusia county district school board to ensure that the executive director's salary is maintained within the guidelines of the school district's range classifications.

Form 990, Page 6, Part VI, Line 15B

All staff position performance is monitored by the board's executive committee. Compensation matters are also externally reviewed and monitored by the volusia county district school board to ensure that staff salaries are maintained within the guidelines of the school district's range classifications.

Form 990, Page 6, Part VI, Line 19

The entity provides a copy of the approved form 990 on its local website for review by the general public.

Filing and Contact Details

Filer

Filer Name
Futures Inc
EIN
59-2560862
Phone
3862556475
Address
3750 OLSON DRIVE, DAYTONA BEACH, FL 32124
Doing Business As
Futures Fd for Volusia Cty Schools

Signing Officer

Name
Susan Mendez
Title
President
Phone
3862556475
Signed
2019-12-12

Organization Details

Principal Officer
Susan Mendez
Formed
1985
Legal Domicile
Fl
Voting Board Members
30
Independent Board Members
30
Employees
0

Preparer

Firm
Cjn&w Cpas Pa
Address
2560 GULF TO BAY BLVD STE 200, CLEARWATER, FL 33765-4432
Preparer
Jeanette Sung
Phone
7277914020
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

Futures fd for volusia cty schools

FORM 990 - ORGANIZATION'S MISSION

Mission: "we engage business and civic leaders to promote and achieve educational excellence for volusia county public schools." vision: "all volusia county public school students are equipped and prepared for college or career success."

Form 990, Page 1, Part I, Line 6

Volunteer assistance is provided by various members of the community on an as-needed basis to assist the entity in the preparation and conducting of its various fundraising activities.

Form 990, Part XI, Line 9

Fundraising expenses netted 54,060 fundraising expenses netted -54,060

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Fundraising expenses netted 54,060

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses netted 54,060

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECOTR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT-EL
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt31EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/FundraisingGrossIncomeAmt077710
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IRS990/InsuranceGrp/ManagementAndGeneralAmt03555
IRS990/InsuranceGrp/ProgramServicesAmt0176
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IRS990/MembersOrStockholdersInd0false
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IRS990/ProgSrvcAccomActy2Grp/Desc0FUTURES,INC. IS COMMITTED TO DEVELOPING PROGRAMS THAT GENERATE COMMUNITY SUPPORT FOR THE FUNDING OF SCHOLARSHIPS FOR VOLUSIA COUNTY PUBLIC SCHOOL STUDENTS IN AN EFFORT TO REDIRECT THEIR LIVES AND ENHANCE THEIR CAREER GOALS. IT ALSO IS COMMITTED TO THE FUNDING OF SCHOOL GRANTS FOR PROJECTS RELATING TO LOW PERFORMING STUDENTS AND IMPROVING LITERACY AS WELL AS TEACHER MINI-GRANTS FOR CLASSROOM/SCHOOL PROJECTS. SCHOOL DISTRICT EDUCATION FOUNDATION MATCHING GRANT FUNDING AS WELL AS COMMUNITY AND CORPORATE SUPPORT ARE USED TO FUND THESE PROGRAMS. THE STUDENT PREPAID SCHOLARSHIPS FOR TAKE STOCK IN CHILDREN ARE PURCHASED BY THE ORGANIZATION FROM THE FLORIDA PREPAID COLLEGE FOUNDATION THROUGH A COMBINATION OF DIRECT MEMBER, LOCAL BUSINESS AND COMMUNITY ORGANIZATION SOURCES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0AT VARIOUS RECOGNITION EVENTS, FUTURES, INC. HONORS AND RECOGNIZES THE OUTSTANDING ACCOMPLISHMENTS OF DISTRICT STUDENTS AND TEACHERS. STUDENT PROGRAMS INCLUDE TOMORROW'S LEADERS FOR HIGH SCHOOL JUNIORS AND THE TURN AROUND PROGRAM FOR MIDDLE AND HIGH SCHOOL STUDENTS. IN ADDITION, MANY STAFF RECOGNITION PROGRAMS ARE IN PLACE, INCLUDING NEW TEACHER PRE-SERVICE EVENTS; PRINCIPAL OF THE YEAR AWARDS; SUPERINTENDENTS'S OUTSTANDING ACHIEVEMENT AWARDS; TEACHER OF THE YEAR AWARDS; AND FIRST YEAR TEACHER AWARDS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0103681
IRS990/ProgSrvcAccomActy3Grp/GrantAmt083802
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYInvestmentIncomeAmt050558
IRS990/PYOtherExpensesAmt0344118
IRS990/PYOtherRevenueAmt028359
IRS990/PYRevenuesLessExpensesAmt0101378
IRS990/PYTotalExpensesAmt0759445
IRS990/PYTotalRevenueAmt0860823
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
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IRS990/ReconcilationRevenueExpnssAmt0247894
IRS990/RegularMonitoringEnfrcInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.80$0.03$2.77$1.17$1.16$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.81$0.13$2.69$1.37$1.19$0.19
2022Detailed filing. Detailed filing data is available for this year.$2.75$0.25$2.50$0.88$0.86$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.07$2.48$1.12$0.89$0.23
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.04$2.25$0.90$0.75$0.15
2019Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$1.01$0.76$0.25
2018Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$0.86$0.76$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.80$0.65$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.68$0.68$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.65$0.02$1.63$0.70$0.63$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.73$0.64$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.00$1.47$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.00$1.40$0.37
2011Summary only. Only limited summary data is available for this year.$1.38$0.00$1.38$0.48$0.37$0.12