Skip to content
Nonprofiteer
← EMBRACING FUTURES INC

Form 990 for tax year 2023

Filed by EMBRACING FUTURES INC.

Totals

Total revenue
$362,810
Total expenses
$318,307
Contributions and grants received
$271,055
Grants paid
$127,290
Program service revenue
$950
Investment income
$90,783
Other revenue
$22
Total assets, end of year
$2,334,256
Total liabilities, end of year
$7,782
Net assets or fund balances, end of year
$2,326,474
Program services expenses (Part IX)
$260,092
Management and general expenses
$50,360
Fundraising expenses
$7,855
Program service expenses (Part III)
$260,092

Program services were 81.7% 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

    $271,055

  • 2a · Program service revenue: ORTHODONTIC FAMILY LOAN PYMTS

    total $950 · related or exempt $950

  • 3 · Investment income

    total $68,376 · excluded $68,376

  • 7a · Gross sales of assets other than inventory

    securities $654,328

  • 7b · Less cost or other basis and sales expenses

    securities $631,921

  • 7c · Gain or loss

    securities $22,407

  • 7d · Net gain or loss

    total $22,407 · excluded $22,407

  • 11a · Other revenue: REFUNDS

    total $22 · excluded $22

  • 11e · Other revenue, total

    $22

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $127,290 · program services $127,290

  • 5 · Compensation of officers, directors and key employees

    total $83,709 · program services $61,945 · management and general $17,579 · fundraising $4,185

  • 7 · Other salaries and wages

    total $49,543 · program services $36,662 · management and general $10,404 · fundraising $2,477

  • 10 · Payroll taxes

    total $10,770 · program services $7,969 · management and general $2,262 · fundraising $539

  • 11c · Fees: accounting

    total $1,795 · management and general $1,795

  • 11f · Fees: investment management

    total $15,472 · management and general $15,472

  • 11g · Fees: other

    total $110 · management and general $110

  • 12 · Advertising and promotion

    total $380 · program services $302 · management and general $63 · fundraising $15

  • 13 · Office expenses

    total $3,676 · program services $2,720 · management and general $772 · fundraising $184

  • 14 · Information technology

    total $2,188 · program services $1,669 · management and general $419 · fundraising $100

  • 16 · Occupancy

    total $2,516 · program services $1,862 · management and general $528 · fundraising $126

  • 17 · Travel

    total $2,288 · program services $2,288

  • 23 · Insurance

    total $1,214 · program services $898 · management and general $255 · fundraising $61

  • 24a · Other expenses: ORAL HEALTH ED. SERVICES

    total $11,068 · program services $11,068

  • 24b · Other expenses: TELEPHONE AND INTERNET

    total $2,712 · program services $2,006 · management and general $570 · fundraising $136

  • 24c · Other expenses: VOLUNTEER RECOGNITION

    total $1,818 · program services $1,818

  • 24d · Other expenses: MEMBERSHIPS AND STAFF DEV

    total $1,134 · program services $1,134

  • 24e · All other expenses

    total $624 · program services $461 · management and general $131 · fundraising $32

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,065 · end of year $43,529

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

    $1,316

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

    $1,316

  • 11 · Investments: publicly traded securities

    beginning of year $1,942,890 · end of year $2,265,134

  • 15 · Other assets

    beginning of year $24,128 · end of year $25,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,511 · end of year $7,782

  • 27 · Net assets without donor restrictions

    beginning of year $1,978,072 · end of year $2,292,692

  • 28 · Net assets with donor restrictions

    beginning of year $55,500 · end of year $33,782

Mission and programs · 2023

Mission

TO MAKE A DIFFERENCE IN THE LIVES OF NEEDY AND UNDERPRIVILEGED CHILDREN IN SUMMIT, STARK, PORTAGE, MEDINA AND WAYNE COUNTIES BY PROVIDING FINANCIAL ASSISTANCE FOR ORTHODONTIC AND OTHER DENTAL CARE AND OFFERING ORAL HEALTH EDUCATION FOR ELEMENTARY SCHOOL STUDENTS.

Activities or mission (Part I)

EMBRACING FUTURES, INC. PROVIDES ORTHODONTIC BRACES TO CHILDREN WITH SEVERE ORTHODONTIC PROBLEMS, WHO ARE GROWING UP IN AN IMPOVERISHED HOUSEHOLD AND HAVE BEEN TURNED DOWN BY MEDICAID OR OTHER GOVERNMENT FUNDED PROGRAMS.

  • THE ORTHODONTIC CARE PROGRAM IS OUR CORE PROGRAM. THIS UNIQUE PROGRAM IS A REACTIVE PROCESS THAT PROVIDES ORTHODONTIC CARE FOR CHILDREN GROWING UP IN IMPOVERISHED HOUSEHOLDS WHO ARE SUFFERING FROM SEVERE ORTHODONTIC PROBLEMS AND HAVE BEEN TURNED DOWN BY MEDICAID OR OTHER GOVERNMENT FUNDED PROGRAMS. WORKING WITH COMMUNITY PARTNERS, WE FIRST IDENTIFY A CHILD, MEET WITH THE FAMILY TO VERIFY THE FINANCIAL NEED, PROVIDE TWO ORTHODONTIC EXAMS TO VALIDATE THE MEDICAL NEED, AND BRING OUR FINDINGS TO OUR BOARD OF TRUSTEES FOR A FINAL DECISION. WITH BOARD APPROVAL, WE FINANCE THE COSTS DIRECTLY WITH AN ORTHODONTIST UNTIL TREATMENT IS SUCCESSFULLY COMPLETED. THE PROCESS CONCLUDES THROUGH AN EXIT INTERVIEW WITH THE FAMILY. IN THE PAST TEN YEARS WE HAVE HELPED OVER 400 CHILDREN. WE RECOGNIZE A CHILD WHO IS SELF-CONSCIOUS ABOUT HIS OR HER TEETH MAY SHY AWAY FROM PARTICIPATING IN CLASS OR OTHER SOCIAL ACTIVITIES. CHILDREN WHO RECEIVE ORTHODONTIC TREATMENT WILL CERTAINLY BE HEALTHIER INDIVIDUALS. THEY MAY ALSO EXPERIENCE IMPROVED SELF ESTEEM AND CONFIDENCE. THIS WILL CONTRIBUTE TO THEIR BECOMING MORE PRODUCTIVE INDIVIDUALS AS THEY MOVE FROM SCHOOL INTO THEIR ADULT LIFE. DONNA SKODA, SUMMIT COUNTY PUBLIC HEALTH COMMISSIONER, STATED THE FOLLOWING: IT'S CLEAR THAT POOR ORAL HEALTH, UNTREATED ORAL DISEASES AND SEVERE ORTHODONTIC PROBLEMS HAVE A CONSIDERABLE IMPACT ON QUALITY OF LIFE, INCLUDING LOSS OF SELF-ESTEEM, POOR PERFORMANCE AT SCHOOL AND DECREASED ECONOMIC PRODUCTIVITY. YET ACCESS TO DENTAL SERVICES, INCLUDING ORTHODONTIC CARE, REMAINS THE GREATEST UNMET HEALTHCARE NEED IN SUMMIT COUNTY. MAINTAINING THE HEALTH OF YOUR TEETH AND MOUTH IS NOT MERELY A COSMETIC ACTIVITY, BUT RATHER A CRITICAL PART IN A COMPLETE HEALTHCARE PLAN AND A SMART INVESTMENT IN PHYSICAL AND EMOTIONAL HEALTH...ESPECIALLY FOR CHILDREN. IN 2023, 45 CHILDREN WERE APPROVED FOR TREATMENT AND 94 TOTAL CHILDREN RECEIVED TREATMENT.

    Expenses $260,092 · Grants $127,290 · Revenue $950

  • Withheld by Nonprofiteer: this text may name a private individual.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Mark W Fairhurst

    EXECUTIVE DI

    Total calculated
    $83,709
    From this org
    $81,271
    From related orgs
    $0
    Other
    $2,438
    Hours/week
    40

  • Bill Braden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steven Cox

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Gerstenmaier DDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Jennifer Denee

    TRUSTEE, RES

    Total calculated
    $0
    Hours/week
    4

  • Todd Dietrich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sarah Genet

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Douglas Gormley

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Marlene Heineman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carl Dietrich Jr

    TRUSTEE, RES

    Total calculated
    $0
    Hours/week
    4

  • Dale Highsmith Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Stephanie Kormanec

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Becky McAdams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Mark Mroczynski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michelle Mulhern

    TRUSTEE, RES

    Total calculated
    $0
    Hours/week
    4

  • Amanda Sainato

    TRUSTEE

    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
2023
Filed
31 July 2024
IRS schema version
2023v5.0
Source object
202422439349300412

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.