Civic Intelligence

Futures Fundamentals Nfp

990 • Fiscal year 2023 • EIN 82-2075093

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 01, 2024

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

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

17th percentile

-17%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

15th percentile

-8.0%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-9.1%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$1,347,473

Down $116,502 (-8.0%) from 2022

Net Assets

Down

$1,337,966

Down $42,916 (-3.1%) from 2022

Liabilities

Down

$9,507

Down $73,586 (-89%) from 2022

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin17th percentile

Revenue

Down

$250,000

Down $25,000 (-9.1%) from 2022

Expenses

Up

$292,916

Up $118,043 (+68%) from 2022

Net Income

Down

-$42,916

Down $143,043 (-143%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2023

Assets$1,347,473
Liabilities$9,507
Net Assets$1,337,966
Open 2023 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

2023

Revenue$250,000
Expenses$292,916
Net Income-$42,916
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 1, 2024
Return Version
2023v5.1
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$1,463,975$1,347,473▼ $116,502
Total Assets$1,463,975$1,347,473▼ $116,502
Liabilities
Accounts Payable and Accrued Expenses$83,093$9,507▼ $73,586
Total Liabilities$83,093$9,507▼ $73,586
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,380,882$1,337,966▼ $42,916
Total Net Assets Fund Balance$1,380,882$1,337,966▼ $42,916
Total Liabilities and Net Assets / Fund Balance$1,463,975$1,347,473▼ $116,502
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
Jenelle ChalmersAssistant Secretary
Bryan McblaineAssistant Treasurer
Meg WrightSecretary
Lynne FitzpatrickTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Taboolacom LtdMarketing16 MADISON SQUARE WEST 7TH FLOOR, New York, NY 10010$119,708
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
$-42,916

Audited Revenue Reconciliation

Revenue per Audited Statements
$250,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$49,797
Total Revenue per Audited Statements
$299,797
Total Revenue per Form 990
$250,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$292,916
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-$187,253-$187,253
Fees for Services Other-$66,658-$66,658
Information Technology-$35,703-$35,703
Fees for Services Legal-$2,268-$2,268
Insurance-$1,034-$1,034
Total Functional Expenses$0$292,916$0$292,916

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$342,713
Expenses per Audited Statements$292,916
Total Expenses per Form 990$292,916
Expenses Not Reported on Form 990$49,797
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
2024-11-01
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 IX, Line 11G

“Other professional fees: program service expenses 0. Management and general expenses 66,658. Fundraising expenses 0. Total expenses 66,658.”

FORM 990, PART XI, LINE 9:

“In-kind services -49,797.”

Form 990, Part XII, Ln 2C

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

Raw XML Appendix375 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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IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT TREASURER
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IRS990ScheduleD/DonatedServicesUseFcltsAmt049797
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/TotalRevenuePerForm990Amt0250000
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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/ExplanationTxt4OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 66,658. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,658.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN-KIND SERVICES -49,797.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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 IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LN 2C
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalLiabilitiesGrp/EOYAmt09507
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FUTURESFUNDAMENTALS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNNE FITZPATRICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03126348617
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUTURES FUNDAMENTALS NFP
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ReturnHeader/Filer/PhoneNum03126348617
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362929601
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/PreparationDt02024-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY CONRAD
ReturnHeader/ReturnTs02024-11-15T14:09:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,347,473
Liabilities
$9,507
Net assets
$1,337,966
Revenue
$250,000
Expenses
$292,916
Net income
-$42,916
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $1M-$5M nonprofits