Civic Intelligence

Future Champions Foundation Inc.

EIN 83-2173802 • 501(c)3 • Whitehall, MI

Pub. 78 Eligible990-N Coverage

Profile

See Sched O

4421 Creekside DriveWhitehall, MI 49461

www.future-champions-foundation.

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

87th percentile

50%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

38%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$15,900

Up $5,331 (+50%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Up

$15,900

Up $5,331 (+50%) from 2019

Operations
Liabilities / Revenue61st percentileNet Margin64th percentile

Revenue

Up

$88,010

Up $24,010 (+38%) from 2019

Expenses

Up

$78,822

Up $25,391 (+48%) from 2019

Net Income

Down

$9,188

Down $1,381 (-13%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2019: $10,569Liabilities 2019: $0Net Assets 2019: $10,5692019Assets 2020: $15,900Liabilities 2020: $0Net Assets 2020: $15,9002020

Highlighted filing

2020

Assets$15,900
Liabilities$0
Net Assets$15,900
Open 2020 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0Revenue 2019: $64,000Expenses 2019: $53,431Net Income 2019: $10,5692019Revenue 2020: $88,010Expenses 2020: $78,822Net Income 2020: $9,1882020

Highlighted filing

2020

Revenue$88,010
Expenses$78,822
Net Income$9,188
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$15,900
Liabilities
$0
Net assets
$15,900
Revenue
$88,010
Expenses
$78,822
Net income
$9,188
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Summary only. Only limited summary data is available for this year.$15.9$0.00$15.9$88.0$78.8$9.19
2019Detailed filing. Detailed filing data is available for this year.$10.6$0.00$10.6$64.0$53.4$10.6
Latest Detailed Filing

The latest 2020 filing currently has summary financial data only. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 27, 2020
Return Version
2019v5.1
Gross Receipts
$64,000
Mission and Program Overview

Mission

See Sched O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$10,569-
Total Assets$0$10,569▲ $10,569
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$10,569-
Total Net Assets Fund Balance$0$10,569▲ $10,569
Total Liabilities and Net Assets / Fund Balance$0$10,569▲ $10,569
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Adam JasickDirector
Gregg LeeTrustee
John DuffTrustee
Sarah HaselwoodTrustee
Jason LillmarsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$64,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$64,000
Change in Net Assets
$10,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,431
Total Fundraising Expense$4,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$47,787$124$1,010$48,921
Advertising--$2,402$2,402
Travel--$1,400$1,400
Office Expenses-$524$14$538
Information Technology-$170-$170
Total Functional Expenses$47,787$818$4,826$53,431
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
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

Governing body meeting documentation Part VI line 8A

“Qtrly Meetings are held Mar 31, June 30, Sept 30, Dec 31”

Committee meeting documentation Part VI line 8B

“Secretary maintains minutes of all meetings”

Form 990 governing body review Part VI line 11

“All members are provided form 990 for review and approval at Q4 meeting”

Conflict of interest policy compliance Part VI line 12C

“3 Quotes are required on all projects with the board consensually making the decision”

CEO executive director top management comp Part VI line 15A

“All compensation is reviewed and consensually approved by board. At 12-31-19 no member was compensated.”

Other officer or key employee compensation Part VI line 15B

“All compensation is reviewed and consensually approved by board. At 12-31-19 no member was compensated.”

Governing documents etc available to public Part VI line 19

“Documents are made available to the public upon request or at the formal meetings”

Filing and Contact Details

Filer

Filer Name
Future Champions Foundation Inc
EIN
83-2173802
Address
4421 CREEKSIDE DRIVE, WHITEHALL, MI 49461

Signing Officer

Name
Adam Jasick
Title
Director
Phone
6165020653
Signed
2020-08-27
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
20

Preparer

Firm
Mura Financial Tax Preparation
Address
1071 Shore Walk Lane, Whitehall, MI 49461
Preparer
Bill Mura
Phone
2317302725
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“International aid to promote means and facility for education and opportunity”

Raw XML Appendix289 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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