Civic Intelligence

Futures Inc.

990 • Fiscal year 2022 • EIN 59-2560862

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 15, 2023

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

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

0.29x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

42nd percentile

2.8%

Higher net margin than 42% of similar nonprofits.

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

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.

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

Asset Growth

64th percentile

8.3%

Faster asset growth than 64% of similar nonprofits.

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

Revenue Growth

18th percentile

-21%

Faster revenue growth than 18% of similar nonprofits.

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

Assets

Up

$2,752,805

Up $211,075 (+8.3%) from 2021

Net Assets

Up

$2,500,524

Up $24,944 (+1.0%) from 2021

Liabilities

Up

$252,281

Up $186,131 (+281%) from 2021

Revenue

Down

$883,163

Down $235,424 (-21%) from 2021

Expenses

Down

$858,219

Down $30,719 (-3.5%) from 2021

Net Income

Down

$24,944

Down $204,705 (-89%) from 2021

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

2022

Assets$2,752,805
Liabilities$252,281
Net Assets$2,500,524

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

2022

Revenue$883,163
Expenses$858,219
Net Income$24,944
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 15, 2023
Return Version
2021v4.0
Gross Receipts
$934,186
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$1,004,102$1,178,498▲ $174,396
Cash and Non-Interest-Bearing Accounts$307,445$669,323▲ $361,878
Investments in Publicly Traded Securities$762,589$615,752▼ $146,837
Savings and Temporary Cash Investments$434,949$258,096▼ $176,853
Pledges and Grants Receivable$21,340$19,682▼ $1,658
Accounts Receivable$351$500▲ $149
Total Assets$2,541,730$2,752,805▲ $211,075
Other Assets Total$10,954$10,954→ $0
Liabilities
Accounts Payable and Accrued Expenses-$199,281-
Deferred Revenue$66,150$53,000▼ $13,150
Total Liabilities$66,150$252,281▲ $186,131
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,479,694$1,545,003▲ $65,309
Net Assets Without Donor Restrictions$995,886$955,521▼ $40,365
Total Net Assets Fund Balance$2,475,580$2,500,524▲ $24,944
Total Liabilities and Net Assets / Fund Balance$2,541,730$2,752,805▲ $211,075

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,479,694$522,582▼ $113,540$282,371$1,545,003
2020$1,313,423$607,654▲ $50,531$265,445$1,479,694
2019$1,203,628$527,222▲ $9,086$355,650$1,313,423
2018$958,097$610,806▲ $37,311$356,409$1,203,628
2017$929,676$440,742▲ $2,192$345,493$958,096
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$978,181
Program Service Revenue
$0
Investment Income
$-155,038
Other Revenue
$60,020
All Other Contributions
$451,688
Change in Net Assets
$24,944

Audited Revenue Reconciliation

Revenue per Audited Statements
$883,163
Revenue Not Reported on Form 990
$76,002
Total Revenue per Audited Statements
$959,165
Total Revenue per Form 990
$883,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$441,215
Grants and Similar Amounts Paid$417,004
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$350,153--$350,153
Fees for Services Management$98,169$173,253-$271,422
Fees for Services Other-$76,002-$76,002
Grants to Domestic Individuals$66,851--$66,851
Office Expenses$28,693$2,094-$30,787
Fees for Services Accounting-$13,523-$13,523
Fees for Service Investment Mgmnt Fees-$10,100-$10,100
Information Technology$1,061$3,922-$4,983
Insurance-$4,709-$4,709
All Other Expenses-$1,698-$1,698
Other Expenses-$1,000-$1,000
Conferences and Meetings$500$284-$784
Travel$44$359-$403
Total Functional Expenses$545,471$312,748$0$858,219

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$934,221
Expenses per Audited Statements$858,219
Total Expenses per Form 990$858,219
Expenses Not Reported on Form 990$76,002
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Volusia County District School BoarDeland, FLGovState Matching$94,373
Volusia County District School BoarDeland, FLGovMini-grants & Awards$88,483
Volusia County District School BoarDeland, FLGovPass-thru Grant$86,925
Volusia County District School BoarDeland, FLGovSchool Matching Gran$80,372
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$111,043
Fundraising Direct Expenses$51,023
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Caribbean Party$270,843$107,843$36,569$71,274
Teacher of the$39,700$3,200$14,454$-11,254
Total Events$310,543$111,043$51,023$60,020
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 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
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 profile on the publicly accessible guidestar online non profit directory.

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
Heather Bond Vargas
Title
President-elect 6.30
Phone
3862556475
Signed
2023-02-15

Organization Details

Principal Officer
Heather Bond Vargas
Formed
1985
Legal Domicile
Fl
Voting Board Members
29
Independent Board Members
29
Employees
2

Preparer

Firm
Bmc Cpas Inc
Address
205 MAGNOLIA STREET, NEW SMYRNA BEACH, FL 32168-4432
Preparer
Robert Marsh CPA
Phone
3864271333
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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EX-OFFICIO M
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30PRESIDENT-EL
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
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IRS990/FormationYr01985
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt051023
IRS990/FundraisingGrossIncomeAmt0111043
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IRS990/GrantAmt088483
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IRS990/GrantsToOrganizationsInd0true
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IRS990/IndependentVotingMemberCnt029
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ProgramServicesAmt01061
IRS990/InformationTechnologyGrp/TotalAmt04983
IRS990/InsuranceGrp/ManagementAndGeneralAmt04709
IRS990/InsuranceGrp/TotalAmt04709
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-155038
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0615752
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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MISSION: "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."
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IRS990/OtherExpensesGrp/Desc1DUES AND MEMBERSHIPS
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IRS990/PrincipalOfficerNm0HEATHER BOND VARGAS
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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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0361010
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0234148
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.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt094373
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IRS990/PYContributionsGrantsAmt0909537
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0508180
IRS990/PYInvestmentIncomeAmt0222031
IRS990/PYOtherExpensesAmt0380758
IRS990/PYOtherRevenueAmt0-12981
IRS990/PYRevenuesLessExpensesAmt0229649
IRS990/PYTotalExpensesAmt0888938
IRS990/PYTotalRevenueAmt01118587
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true

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