Totals
- Total revenue
- $366,491
- Total expenses
- $304,108
- Contributions and grants received
- $333,089
- Grants paid
- $0
- Program service revenue
- $30,700
- Investment income
- $610
- Other revenue
- $2,092
- Total assets, end of year
- $438,706
- Total liabilities, end of year
- $138,314
- Net assets or fund balances, end of year
- $300,392
- Program services expenses (Part IX)
- $259,864
- Management and general expenses
- $44,244
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $259,864
Program services were 85.5% 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.
-
1e · Government grants (contributions)
$5,000
-
1f · All other contributions, gifts and grants
$328,089
-
2a · Program service revenue: INCUBATOR SERVICES
total $30,681 · related or exempt $30,681
-
2b · Program service revenue: STUDENT FEES
total $19 · related or exempt $19
-
3 · Investment income
total $610 · related or exempt $610
-
11a · Other revenue: RETAIL SALES
total $2,087 · related or exempt $2,087
-
11b · Other revenue: SPECIAL EVENT
total $5 · related or exempt $5
-
11e · Other revenue, total
$2,092
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $48,308 · program services $36,231 · management and general $12,077
-
7 · Other salaries and wages
total $90,326 · program services $67,745 · management and general $22,581
-
9 · Other employee benefits
total $11,128 · program services $8,346 · management and general $2,782
-
10 · Payroll taxes
total $11,439 · program services $8,579 · management and general $2,860
-
11b · Fees: legal
total $2,100 · program services $2,100
-
11g · Fees: other
total $68,407 · program services $67,259 · management and general $1,148
-
12 · Advertising and promotion
total $1,036 · program services $1,036
-
13 · Office expenses
total $125 · program services $125
-
14 · Information technology
total $3,375 · program services $3,375
-
16 · Occupancy
total $36,620 · program services $36,620
-
17 · Travel
total $1,558 · program services $1,558
-
20 · Interest
total $768 · program services $768
-
22 · Depreciation, depletion and amortization
total $17,992 · program services $17,992
-
23 · Insurance
total $10,697 · program services $8,130 · management and general $2,567
-
24a · Other expenses: OTHER MISC. EXPENSES
total $229 · management and general $229
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,766 · end of year $106,448
-
2 · Savings and temporary cash investments
beginning of year $25,000 · end of year $25,610
-
3 · Pledges and grants receivable
beginning of year $17,275 · end of year $6,611
-
4 · Accounts receivable
beginning of year $3,525 · end of year -$950
-
10a · Land, buildings and equipment: cost or other basis
$681,845
-
10b · Land, buildings and equipment: accumulated depreciation
$381,331
-
10c · Land, buildings and equipment, net
beginning of year $222,219 · end of year $300,514
-
15 · Other assets
beginning of year $473 · end of year $473
-
17 · Accounts payable and accrued expenses
beginning of year $29,791 · end of year $37,711
-
19 · Deferred revenue
end of year $83,222
-
24 · Unsecured notes and loans payable
beginning of year $25,455
-
25 · Other liabilities
beginning of year $18,003 · end of year $17,381
-
27 · Net assets without donor restrictions
beginning of year $214,845 · end of year $186,145
-
28 · Net assets with donor restrictions
beginning of year $23,164 · end of year $114,247
Mission and programs · 2022
Mission
UNLIMITED FUTURE, INC. ACTS AS A CATALYST IN ELIMINATING BARRIERS TO THE CREATION OF SUCCESSFUL BUSINESS OPPORTUNITIES BY ALLOWING RESIDENTS TO REALIZE THEIR GOALS AND POTENTIAL.
-
PROVIDE INCUBATOR SERVICES ALONG WITH EDUCATIONAL AND MENTORING SERVICES TO HELP SMALL BUSINESS BE SUCCESSFUL.
Expenses $259,864 · Revenue $30,700
As filed on the 2022 return.
Listed in Part VII
-
URSULETTE WARD
EXECUTIVE DI
- Total calculated
- $49,308
- From this org
- $49,308
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
BRUCE FELDER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
DAVID LIEVING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ABBY REALE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
BREANNA SHELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
DR UDA TATE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARILYN WRENN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349315989
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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