Civic Intelligence

Futures Fundamentals Nfp

990 • Fiscal year 2021 • EIN 82-2075093

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileWWW.FUTURESFUNDAMENTALS.ORG
20 S Wacker DrChicago, IL 60606

(312) 634-8617

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

60th percentile

0.16x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

93rd percentile

69%

Higher net margin than 93% 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

66th percentile

19%

Faster asset growth than 66% of similar nonprofits.

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

Revenue Growth

26th percentile

-3.7%

Faster revenue growth than 26% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$1,319,897

Up $207,415 (+19%) from 2020

Net Assets

Up

$1,280,755

Up $172,432 (+16%) from 2020

Liabilities

Up

$39,142

Up $34,983 (+841%) from 2020

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin93rd percentile

Revenue

Down

$250,000

Down $9,514 (-3.7%) from 2020

Expenses

Up

$77,568

Up $24,769 (+47%) from 2020

Net Income

Down

$172,432

Down $34,283 (-17%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$1.5M$1.0M$500K$0Assets 2017: $124,825Liabilities 2017: $0Net Assets 2017: $124,8252017Assets 2018: $112,706Liabilities 2018: $16,582Net Assets 2018: $96,1242018Assets 2019: $905,672Liabilities 2019: $4,064Net Assets 2019: $901,6082019Assets 2020: $1,112,482Liabilities 2020: $4,159Net Assets 2020: $1,108,3232020Assets 2021: $1,319,897Liabilities 2021: $39,142Net Assets 2021: $1,280,7552021Assets 2022: $1,463,975Liabilities 2022: $83,093Net Assets 2022: $1,380,8822022Assets 2023: $1,347,473Liabilities 2023: $9,507Net Assets 2023: $1,337,9662023Assets 2024: $1,224,623Liabilities 2024: $29,981Net Assets 2024: $1,194,6422024

Highlighted filing

2021

Assets$1,319,897
Liabilities$39,142
Net Assets$1,280,755
Open 2021 Filing

Operations Trend

Revenue Growth26th percentile

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

$1.0M$500K$0-$500KRevenue 2017: $125,000Expenses 2017: $175Net Income 2017: $124,8252017Revenue 2018: $0Expenses 2018: $28,701Net Income 2018: -$28,7012018Revenue 2019: $815,486Expenses 2019: $10,002Net Income 2019: $805,4842019Revenue 2020: $259,514Expenses 2020: $52,799Net Income 2020: $206,7152020Revenue 2021: $250,000Expenses 2021: $77,568Net Income 2021: $172,4322021Revenue 2022: $275,000Expenses 2022: $174,873Net Income 2022: $100,1272022Revenue 2023: $250,000Expenses 2023: $292,916Net Income 2023: -$42,9162023Revenue 2024: $25,000Expenses 2024: $168,324Net Income 2024: -$143,3242024

Highlighted filing

2021

Revenue$250,000
Expenses$77,568
Net Income$172,432
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$250,000
Mission and Program Overview

Mission

To receive or maintain a fund or funds and to administer and apply the income and principal thereof solely for religious, charitable, scientific, literary or educational purposes, to foster national or international amateur sports competition (but excluding any activities that involve the provision of athletic facilities or equipment) or for the prevention of cruelty to children and animals, and including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code of 1986.

The defined mission of fundamentals focuses on educational resources designed to simplify and explain complex market topics. Through interactive features and rich content, fundamentals explains the role of futures markets in everyday life and provides information on the derivatives industry as a whole. Fundamentals is the driving force in an industry-wide effort to develop risk management education to learners at all levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$912,482$1,319,897▲ $407,415
Pledges and Grants Receivable$200,000--
Total Assets$1,112,482$1,319,897▲ $207,415
Liabilities
Accounts Payable and Accrued Expenses$4,159$39,142▲ $34,983
Total Liabilities$4,159$39,142▲ $34,983
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,108,323$1,280,755▲ $172,432
Total Net Assets Fund Balance$1,108,323$1,280,755▲ $172,432
Total Liabilities and Net Assets / Fund Balance$1,112,482$1,319,897▲ $207,415
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Anita LiskeyPresident
Colleen LazarVice President
Charles CareyDirector
Leo MelamedDirector
Michael DawleyDirector
Thomas SextonDirector
Walt LukkenDirector
Meg WrightSecretary
Lynne FitzpatrickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$250,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$250,000
Change in Net Assets
$172,432

Audited Revenue Reconciliation

Revenue per Audited Statements
$250,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$47,914
Total Revenue per Audited Statements
$297,914
Total Revenue per Form 990
$250,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$40,500-$40,500
Fees for Services Accounting-$15,653-$15,653
Office Expenses-$12,236-$12,236
Insurance-$6,029-$6,029
Fees for Services Legal-$3,150-$3,150
Total Functional Expenses$0$77,568$0$77,568

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$125,482
Expenses per Audited Statements$77,568
Total Expenses per Form 990$77,568
Expenses Not Reported on Form 990$47,914
Expenses Not Reported on Financial Statements$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
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
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 A, Line 8B

“There are no established committees with the authority to act on behalf of the board of directors.”

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

“The organization's form 990 is reviewed and approved by the cme tax department prior to filing.”

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

“Each director, officer, member of a committee with board-delegated powers and employee participating in the decision-making process of the corporation shall complete and submit a conflict of interest disclosure statement upon appointment and at least annually thereafter. In addition, each director, officer, member of a committee with board-delegated powers and employee participating in the decision-making process of the corporation must promptly update any such disclosure statement whenever it becomes incorrect or incomplete in any material respect applicable to the corporation and periodically when required by the corporation. To ensure that the corporation operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews of the corporation's compliance with the policy shall be conducted by or under the supervision of the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Futures Fundamentals Nfp
EIN
82-2075093
Phone
3126348617
Address
20 S WACKER DR, CHICAGO, IL 60606

Signing Officer

Name
Lynne Fitzpatrick
Title
Treasurer
Phone
3126348617
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynne Fitzpatrick
Formed
2017
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Fgmk LLC
Address
2801 LAKESIDE DRIVE 3RD FLOOR, BANNOCKBURN, IL 60015
Preparer
Jeffrey Conrad
Phone
8473740400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“In-kind services -47,914.”

Form 990, Part XII, Ln 2C

“The organization has not changed its oversight or selection processes.”

Raw XML Appendix352 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO ESTABLISHED COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED BY THE CME TAX DEPARTMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS AND EMPLOYEE PARTICIPATING IN THE DECISION-MAKING PROCESS OF THE CORPORATION SHALL COMPLETE AND SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT UPON APPOINTMENT AND AT LEAST ANNUALLY THEREAFTER. IN ADDITION, EACH DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS AND EMPLOYEE PARTICIPATING IN THE DECISION-MAKING PROCESS OF THE CORPORATION MUST PROMPTLY UPDATE ANY SUCH DISCLOSURE STATEMENT WHENEVER IT BECOMES INCORRECT OR INCOMPLETE IN ANY MATERIAL RESPECT APPLICABLE TO THE CORPORATION AND PERIODICALLY WHEN REQUIRED BY THE CORPORATION. TO ENSURE THAT THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS OF THE CORPORATION'S COMPLIANCE WITH THE POLICY SHALL BE CONDUCTED BY OR UNDER THE SUPERVISION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN-KIND SERVICES -47,914.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LN 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01112482
IRS990/TotalAssetsEOYAmt01319897
IRS990/TotalAssetsGrp/BOYAmt01112482
IRS990/TotalAssetsGrp/EOYAmt01319897
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0250000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077568
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt077568
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04159
IRS990/TotalLiabilitiesEOYAmt039142
IRS990/TotalLiabilitiesGrp/BOYAmt04159
IRS990/TotalLiabilitiesGrp/EOYAmt039142
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01108323
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01280755
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0250000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01319897
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060606
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FUTURESFUNDAMENTALS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNNE FITZPATRICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03126348617
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUTURES FUNDAMENTALS NFP
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ReturnHeader/Filer/EIN0822075093
ReturnHeader/Filer/PhoneNum03126348617
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FGMK LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02801 LAKESIDE DRIVE 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BANNOCKBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08473740400
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY CONRAD
ReturnHeader/ReturnTs02022-11-15T11:00:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LYNNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FITZPATRICK
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,319,897
Liabilities
$39,142
Net assets
$1,280,755
Revenue
$250,000
Expenses
$77,568
Net income
$172,432
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.22$0.03$1.19$0.03$0.17$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.01$1.34$0.25$0.29$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.08$1.38$0.28$0.17$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.32$0.04$1.28$0.25$0.08$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.26$0.05$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.90$0.82$0.01$0.81
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.02$0.10$0.00$0.03$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.13$0.00$0.12