What the amendment changed
Compared with the return it replaced , filed 15 November 2024. 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
- $3,567,280 changed to $2,136,530
- Total expenses
- $141,458 changed to $169,844
- Contributions and grants received
- $3,554,980 changed to $2,124,230
- Total assets, end of year
- $3,440,099 changed to $2,912,229
- Total liabilities, end of year
- $14,277 changed to $945,543
- Net assets or fund balances, end of year
- $3,425,822 changed to $1,966,686
- Management and general expenses
- $54,161 changed to $82,547
Totals
- Total revenue
- $2,136,530
- Total expenses
- $169,844
- Contributions and grants received
- $2,124,230
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $12,300
- Other revenue
- $0
- Total assets, end of year
- $2,912,229
- Total liabilities, end of year
- $945,543
- Net assets or fund balances, end of year
- $1,966,686
- Program services expenses (Part IX)
- $82,844
- Management and general expenses
- $82,547
- Fundraising expenses
- $4,453
- Program service expenses (Part III)
- $82,844
Program services were 48.8% 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
$2,124,230
-
3 · Investment income
total $12,300 · unrelated business $0 · excluded $12,300
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $70,840 · program services $49,588 · management and general $18,418 · fundraising $2,834
-
7 · Other salaries and wages
total $26,315 · program services $18,420 · management and general $6,842 · fundraising $1,053
-
9 · Other employee benefits
total $831 · program services $582 · management and general $216 · fundraising $33
-
10 · Payroll taxes
total $7,465 · program services $5,225 · management and general $1,941 · fundraising $299
-
11b · Fees: legal
total $28,386 · program services $0 · management and general $28,386 · fundraising $0
-
11g · Fees: other
total $12,663 · program services $0 · management and general $12,663 · fundraising $0
-
13 · Office expenses
total $1,245 · program services $0 · management and general $1,245 · fundraising $0
-
16 · Occupancy
total $5,857 · program services $4,100 · management and general $1,523 · fundraising $234
-
17 · Travel
total $9,857 · program services $4,929 · management and general $4,928 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $172 · program services $0 · management and general $172 · fundraising $0
-
23 · Insurance
total $4,932 · program services $0 · management and general $4,932 · fundraising $0
-
24e · All other expenses
total $1,281 · program services $0 · management and general $1,281 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $170,793
-
2 · Savings and temporary cash investments
end of year $2,734,077
-
10a · Land, buildings and equipment: cost or other basis
$7,531
-
10b · Land, buildings and equipment: accumulated depreciation
$172
-
10c · Land, buildings and equipment, net
end of year $7,359
-
17 · Accounts payable and accrued expenses
end of year $945,543
-
27 · Net assets without donor restrictions
end of year $1,966,686
Mission and programs · 2023
Mission
HALCYON FUTURES IS HOME TO ESTABLISHED LEADERS FROM BUSINESS, TECHNOLOGY, AND PUBLIC POLICY. WE HELP THEM FOUND NEW AMBITIOUS PROJECTS OR TAKE ON SENIOR ROLES AT EXISTING HIGH-IMPACT ORGANIZATIONS.
Activities or mission (Part I)
AT HALCYON FUTURES, WE CHALLENGE ACCOMPLISHED LEADERS TO SOLVE THE WORLDS BIGGEST PROBLEMS, AND WE SUPPORT THEM ALONG THE WAY.
-
IN LATE 2023, HALCYON FUTURES STARTED OPERATIONS. THIS INCLUDED LAYING THE GROUNDWORK FOR PROGRAMS TO BE RUN IN 2024 SUCH AS CONFERENCES, MEETINGS, AND RETREATS RELATED TO ITS EXEMPT PURPOSE FOR HALCYON COHORT MEMBERS AS WELL AS CREATING A GRANT-MAKING PROGRAM AND IDENTIFYING FUTURE GRANTEES.
Expenses $82,844
As filed on the 2023 return.
Listed in Part VII
-
MICHAEL MCCORMICK
CHIEF EXECUTIVE OFFICER
- Total calculated
- $70,840
- From this org
- $70,840
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
MAX HENDERSON
SECRETARY & TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
KELLIE LIKET
DIRECTOR
- 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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · CHARITABLE PROGRAMS · DE
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v6.0
- Source object
- 202510699349300716
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