Totals
- Total revenue
- $1,811,859
- Total expenses
- $1,757,025
- Contributions and grants received
- $1,791,126
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $20,733
- Total assets, end of year
- $450,870
- Total liabilities, end of year
- $235,202
- Net assets or fund balances, end of year
- $215,668
- Program services expenses (Part IX)
- $1,478,932
- Management and general expenses
- $147,816
- Fundraising expenses
- $130,277
- Program service expenses (Part III)
- $1,478,932
Program services were 84.2% 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)
$1,162,434
-
1f · All other contributions, gifts and grants
$628,692
-
1g · Noncash contributions included above
$126,360
-
11a · Other revenue: OTHER INCOME
total $20,733 · related or exempt $20,733
-
11e · Other revenue, total
$20,733
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $179,591 · program services $92,222 · management and general $56,790 · fundraising $30,579
-
7 · Other salaries and wages
total $707,694 · program services $655,204 · management and general $19,335 · fundraising $33,155
-
9 · Other employee benefits
total $26,590 · program services $24,821 · management and general $1,769
-
10 · Payroll taxes
total $70,504 · program services $62,750 · management and general $7,754
-
11c · Fees: accounting
total $113,550 · program services $113,550
-
11g · Fees: other
total $178,138 · program services $109,741 · management and general $3,647 · fundraising $64,750
-
12 · Advertising and promotion
total $32,843 · program services $32,130 · management and general $713
-
13 · Office expenses
total $6,288 · management and general $6,288
-
14 · Information technology
total $13,083 · program services $13,083
-
16 · Occupancy
total $179,336 · program services $172,163 · management and general $5,380 · fundraising $1,793
-
17 · Travel
total $22,408 · program services $22,408
-
20 · Interest
total $5,412 · program services $5,412
-
23 · Insurance
total $70,457 · program services $70,457
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $36,303 · program services $35,214 · management and general $1,089
-
24b · Other expenses: SUPPLIES
total $33,763 · program services $32,750 · management and general $1,013
-
24c · Other expenses: STAFF DEVELOPMENT
total $27,294 · management and general $27,294
-
24d · Other expenses: UTILITIES
total $18,688 · program services $18,127 · management and general $561
-
24e · All other expenses
total $35,083 · program services $18,900 · management and general $16,183
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $133,801 · end of year $159,458
-
3 · Pledges and grants receivable
beginning of year $114,544 · end of year $9,394
-
4 · Accounts receivable
beginning of year $46,875 · end of year $121,679
-
9 · Prepaid expenses and deferred charges
end of year $1,989
-
10a · Land, buildings and equipment: cost or other basis
$637,062
-
10b · Land, buildings and equipment: accumulated depreciation
$478,712
-
10c · Land, buildings and equipment, net
beginning of year $158,349 · end of year $158,350
-
17 · Accounts payable and accrued expenses
beginning of year $97,534 · end of year $100,741
-
23 · Secured mortgages and notes payable
beginning of year $55,580 · end of year $52,702
-
25 · Other liabilities
beginning of year $138,133 · end of year $81,759
-
27 · Net assets without donor restrictions
beginning of year -$322 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $162,644 · end of year $215,668
Mission and programs · 2022
Mission
FUTURE FOUNDATION IS LEVELING THE PLAYING FIELD FOR YOUTH CAUGHT IN A CYCLE OF GENERATIONAL POVERTY BY SERVING AS A SECOND FAMILY, PROVIDING EXPOSURE TO NEW EXPERIENCES, AND REINFORCING THE SKILLS NEEDED TO PROVIDE IN ADULTHOOD.
Activities or mission (Part I)
TO LEVEL THE PLAYING FIELD FOR YOUTH CAUGHT IN A CYCLE OF POVERTY BY SERVING AS A SECOND FAMILY, PROVIDING NEW EXPERIENCES, AND REINFORCING SKILLS NEEDD TO THRIVE IN ADULTHOOD.
-
SINCE 2001, THE FOUNDATION HAS FOCUSED ON FIVE CRITICAL INTERDEPENDENT AREAS OF YOUNG PEOPLES' LIVES - RELATIONSHIPS, HEALTH, LIFE SKILLS, ACADEMICS, AND FAMILY - AND PROVIDED RELATED RESOURCES TO THEIR FAMILIES AS WELL, SO THAT BOTH GENERATIONS CAN MAKE PROGRESS TOGETHER. THE FOUNDATION'S ULTIMATE GOAL IS TO END THE PERVASIVE CYCLE OF GENERATIONAL POVERTY IN ATLANTA.SEE ATTACHED FOR FURTHER DETAIL.
Expenses $1,478,932
As filed on the 2022 return.
Listed in Part VII
-
Julius Shareef Abdur-RahimJULIUS SHAREEF ABDUR-RAHIM
FOUNDER
- Total calculated
- $0
- Hours/week
- 0
-
Andrew HarnettANDREW HARNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Felicia AllenFELICIA ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
W Imara CanadyW IMARA CANADY
GOV. COMMITTEE & BOARD CHA
- Total calculated
- $0
- Hours/week
- 0
-
Pia ForbesPIA FORBES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jeetendra KumarJEETENDRA KUMAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jenn LeahyJENN LEAHY
MARKETING COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Jonas RhodenJONAS RHODEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James TysonJAMES TYSON
CEO
- Total calculated
- $0
- 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.
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
- 202323199349309162
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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