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Nonprofiteer
← FUTURO HEALTH

Form 990 for tax year 2022

Filed by FUTURO HEALTH.

What the amendment changed

Compared with the return it replaced , filed 13 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$10,820,862 changed to $11,330,288
Total expenses
$17,586,190 changed to $15,797,430
Grants paid
$13,285,408 changed to $11,477,925
Investment income
$1,049,388 changed to $1,558,814
Total assets, end of year
$105,793,436 changed to $106,794,162
Total liabilities, end of year
$4,538,882 changed to $3,653,155
Net assets or fund balances, end of year
$101,254,554 changed to $103,141,007
Program services expenses
$14,975,295 changed to $13,942,741
Management and general expenses
$2,610,895 changed to $1,854,689
Program service expenses (Part III)
$14,975,295 changed to $13,942,741

Totals

Total revenue
$11,330,288
Total expenses
$15,797,430
Contributions and grants received
$9,069,989
Grants paid
$11,477,925
Program service revenue
$628,622
Investment income
$1,558,814
Other revenue
$72,863
Total assets, end of year
$106,794,162
Total liabilities, end of year
$3,653,155
Net assets or fund balances, end of year
$103,141,007
Program services expenses (Part IX)
$13,942,741
Management and general expenses
$1,854,689
Fundraising expenses
$0
Program service expenses (Part III)
$13,942,741

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $9,069,989

  • 2a · Program service revenue: REGISTRATION INCOME

    total $449,009 · related or exempt $449,009

  • 2b · Program service revenue: COURSES & TRAINING

    total $179,613 · related or exempt $179,613

  • 3 · Investment income

    total $1,558,814 · excluded $1,558,814

  • 11a · Other revenue: WORKFORCE RESEARCH

    total $35,000 · related or exempt $35,000

  • 11b · Other revenue: HONORARIUMS

    total $11,884 · excluded $11,884

  • 11c · Other revenue: SD WORKFORCE PNRSHIP

    total $10,000 · excluded $10,000

  • 11d · All other revenue

    total $15,979 · excluded $15,979

  • 11e · Other revenue, total

    $72,863

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $11,477,925 · program services $11,477,925

  • 5 · Compensation of officers, directors and key employees

    total $599,280 · program services $89,892 · management and general $509,388

  • 7 · Other salaries and wages

    total $1,604,628 · program services $1,190,385 · management and general $414,243

  • 8 · Pension plan contributions

    total $74,039 · program services $53,882 · management and general $20,157

  • 9 · Other employee benefits

    total $447,322 · program services $316,064 · management and general $131,258

  • 10 · Payroll taxes

    total $167,137 · program services $101,206 · management and general $65,931

  • 11b · Fees: legal

    total $75,049 · program services $46,901 · management and general $28,148

  • 11c · Fees: accounting

    total $163,056 · program services $101,901 · management and general $61,155

  • 11g · Fees: other

    total $700,370 · program services $408,108 · management and general $292,262

  • 13 · Office expenses

    total $59,672 · program services $20,312 · management and general $39,360

  • 14 · Information technology

    total $232,647 · program services $62,190 · management and general $170,457

  • 16 · Occupancy

    total $17,426 · program services $13,245 · management and general $4,181

  • 17 · Travel

    total $79,954 · program services $16,232 · management and general $63,722

  • 22 · Depreciation, depletion and amortization

    total $13,957 · program services $7,545 · management and general $6,412

  • 23 · Insurance

    total $39,398 · program services $12,315 · management and general $27,083

  • 24e · All other expenses

    total $45,570 · program services $24,638 · management and general $20,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $805,880 · end of year $1,616,475

  • 2 · Savings and temporary cash investments

    beginning of year $75,053,038 · end of year $23,816,160

  • 3 · Pledges and grants receivable

    beginning of year $32,500,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,017,077 · end of year $2,331,949

  • 9 · Prepaid expenses and deferred charges

    beginning of year $584,198 · end of year $421,609

  • 10a · Land, buildings and equipment: cost or other basis

    $69,785

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,751

  • 10c · Land, buildings and equipment, net

    beginning of year $56,991 · end of year $43,034

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $78,564,935

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,142,024 · end of year $3,653,155

  • 27 · Net assets without donor restrictions

    beginning of year $76,375,160 · end of year $101,141,007

  • 28 · Net assets with donor restrictions

    beginning of year $32,500,000 · end of year $2,000,000

Mission and programs · 2022

Mission

FUTURO HEALTH'S NONPROFIT MISSION IS TO IMPROVE THE HEALTH AND WEALTH OF COMMUNITIES BY GROWING THE LARGEST NETWORK OF ALLIED HEALTHCARE WORKERS IN THE NATION.

  • FOUNDED IN CALIFORNIA, AND NOW EXTENDING ITS REACH ACROSS THE NATION, FUTURO HEALTH WAS FORMED IN 2020 WITH INITIAL FUNDING FROM KAISER PERMANENTE'S COMMUNITY BENEFITS FUND. THROUGH OUR ECOSYSTEM OF STRATEGIC PARTNERS, FUTURO HEALTH HAS PROVIDED MORE THAN 8,000 SCHOLARS TUITION-FREE AND LOW-COST ALLIED HEALTH EDUCATIONAL OPPORTUNITIES, INTERPERSONAL SKILLS TRAINING, RESOURCES, AND SUPPORT THROUGHOUT THEIR JOURNEY TO BUILD A BETTER FUTURE FOR THEMSELVES BY UNLEASHING THEIR CAREERS CARING FOR OTHERS, THEREBY GENERATING A PIPELINE OF TRAINED AND CREDENTIALED ALLIED HEALTH WORKERS FOR HEALTHCARE EMPLOYERS.

    Expenses $13,942,741 · Grants $11,477,925 · Revenue $663,622

As filed on the 2022 return.

Listed in Part VII

  • Dave Regan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • David Grossman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Pat Thomas

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Hortencia Armendariz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Chokri Bensaid

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lily Hickman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Janet Liang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jim Mayer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joanne Spetz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Van Ton-Quinlivan

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $314,677
    From this org
    $260,577
    From related orgs
    $0
    Other
    $54,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,577
    Bonus
    $13,000
    Other
    $0
    Deferred
    $11,061
    Nontaxable benefits
    $43,039
    Filer's total
    $314,677

  • Anthony Dalton

    CHIEF OPERATING OFFICER

    Total calculated
    $284,603
    From this org
    $219,615
    From related orgs
    $0
    Other
    $64,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,115
    Bonus
    $500
    Other
    $0
    Deferred
    $8,804
    Nontaxable benefits
    $56,184
    Filer's total
    $284,603

  • Joy Dalauidao-Hermsen

    DIR. OF INNOVATIVE PARTNERSHIPS

    Total calculated
    $174,239
    From this org
    $148,839
    From related orgs
    $0
    Other
    $25,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,639
    Bonus
    $200
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,400
    Filer's total
    $174,239

  • John Cordova

    DIR. OF WKFC. DEV. & CLINICAL P'SHIP.

    Total calculated
    $190,903
    From this org
    $142,615
    From related orgs
    $0
    Other
    $48,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,115
    Bonus
    $500
    Other
    $0
    Deferred
    $5,724
    Nontaxable benefits
    $42,564
    Filer's total
    $190,903

  • Nita Patel

    SR. DIR. OF FINANCE & ACCT.

    Total calculated
    $141,085
    From this org
    $130,122
    From related orgs
    $0
    Other
    $10,963
    Hours/week
    40

  • Helen Fairchild

    DIRECTOR OF PROGRAMS

    Total calculated
    $148,614
    From this org
    $129,411
    From related orgs
    $0
    Other
    $19,203
    Hours/week
    40

  • Alan Chan

    DIRECTOR OF DATA SCIENCE

    Total calculated
    $135,098
    From this org
    $117,159
    From related orgs
    $0
    Other
    $17,939
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
AS PART OF OUR WELLNESS EMPHASIS, FUTURO HEALTH PROVIDES A REIMBURSEMENT FOR GYM MEMBERSHIP AVAILABLE TO ALL FULL TIME EMPLOYEES TO A MAXIMUM OF $100/MO.
PART I, LINE 7
IN 2022, THE EMPLOYEES RECEIVED A DISCRETIONARY YEAR-END BONUS. THE CEO RECEIVED AN ANNUAL COMPENSATION ADJUSTMENT UPON APPROVAL BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 October 2024
IRS schema version
2022v5.0
Source object
202442969349300629

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