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Nonprofiteer
← FUTURE NOW INSTITUTE

Form 990 for tax year 2024

Filed by FUTURE NOW INSTITUTE.

Totals

Total revenue
$15,296,894
Total expenses
$7,355,421
Contributions and grants received
$14,696,450
Grants paid
$4,100,500
Program service revenue
$0
Investment income
$600,444
Other revenue
$0
Total assets, end of year
$19,725,705
Total liabilities, end of year
$852,847
Net assets or fund balances, end of year
$18,872,858
Program services expenses (Part IX)
$6,792,595
Management and general expenses
$200,656
Fundraising expenses
$362,170
Program service expenses (Part III)
$6,792,595

Program services were 92.3% 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

    $14,696,450

  • 1g · Noncash contributions included above

    $2,015,532

  • 3 · Investment income

    total $608,515 · excluded $608,515

  • 7a · Gross sales of assets other than inventory

    securities $2,009,980

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

    securities $2,018,051

  • 7c · Gain or loss

    securities -$8,071

  • 7d · Net gain or loss

    total -$8,071 · excluded -$8,071

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,100,500 · program services $4,100,500

  • 5 · Compensation of officers, directors and key employees

    total $278,645 · program services $251,979 · fundraising $26,666

  • 7 · Other salaries and wages

    total $565,288 · program services $430,425 · management and general $57,902 · fundraising $76,961

  • 8 · Pension plan contributions

    total $19,153 · program services $14,073 · management and general $1,980 · fundraising $3,100

  • 9 · Other employee benefits

    total $39,058 · program services $30,757 · management and general $2,767 · fundraising $5,534

  • 10 · Payroll taxes

    total $60,599 · program services $48,479 · management and general $3,881 · fundraising $8,239

  • 11b · Fees: legal

    total $70,377 · program services $11,868 · management and general $58,509

  • 11c · Fees: accounting

    total $52,282 · management and general $52,282

  • 11e · Fees: professional fundraising services

    total $215,751 · fundraising $215,751

  • 11g · Fees: other

    total $1,104,786 · program services $1,085,014 · management and general $11,486 · fundraising $8,286

  • 12 · Advertising and promotion

    total $77,675 · program services $77,611 · management and general $29 · fundraising $35

  • 13 · Office expenses

    total $7,059 · program services $4,923 · management and general $981 · fundraising $1,155

  • 14 · Information technology

    total $11,987 · program services $7,388 · management and general $2,135 · fundraising $2,464

  • 16 · Occupancy

    total $4,253 · program services $2,604 · management and general $759 · fundraising $890

  • 17 · Travel

    total $69,019 · program services $62,427 · management and general $2,110 · fundraising $4,482

  • 19 · Conferences, conventions and meetings

    total $595,345 · program services $590,973 · management and general $2,000 · fundraising $2,372

  • 23 · Insurance

    total $39,506 · program services $35,384 · management and general $201 · fundraising $3,921

  • 24a · Other expenses: HONORARIUM & SPEAKING F

    total $37,143 · program services $37,143

  • 24b · Other expenses: BANK & MERCHANT FEES

    total $5,559 · program services $139 · management and general $3,383 · fundraising $2,037

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $1,436 · program services $908 · management and general $251 · fundraising $277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,275 · end of year $250,511

  • 2 · Savings and temporary cash investments

    beginning of year $10,329,192 · end of year $19,466,064

  • 9 · Prepaid expenses and deferred charges

    end of year $9,130

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,082 · end of year $852,847

  • 27 · Net assets without donor restrictions

    beginning of year $10,556,385 · end of year $18,647,679

  • 28 · Net assets with donor restrictions

    end of year $225,179

Mission and programs · 2024

Mission

PROVIDING NONPARTISAN EDUCATION TO VOTERS AND LEGISLATORS ABOUT THE IMPORTANCE OF DEMOCRATIC PRINCIPLES

Activities or mission (Part I)

SEE SCHEDULE O

  • PROVIDED NONPARTISAN EDUCATION TO VOTERS AND LEGISLATORS ABOUT THE IMPORTANCE OF DEMOCRACTIC PRINCIPLES

    Expenses $6,792,595 · Grants $4,100,500

As filed on the 2024 return.

Listed in Part VII

  • Daniel Squadron

    PRESIDENT

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Adam Pritzker

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Mimi O Chun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Danielle Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Nicole Butler

    DIRECTOR UNTIL 3/9/2026

    Total calculated
    $0
    Hours/week
    2
  • Roger Greene

    DIRECTOR AS OF 3/9/2026

    Total calculated
    $0
    Hours/week
    2
  • Lauren Ellis

    SECRETARY AND TREASURER

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Marguerite Jimenez

    VICE PRESIDENT

    Total calculated
    $228,496
    From this org
    $205,151
    From related orgs
    $0
    Other
    $23,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,038
    Bonus
    $12,113
    Other
    $0
    Deferred
    $5,802
    Nontaxable benefits
    $17,543
    Filer's total
    $228,496

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

  • 3 · Written employment contract
  • 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 7
DURING THE 2024 CALENDAR YEAR, DANIEL SQUADRON AND LAUREN ELLIS RECEIVED BONUS COMPENSATION OF $120,000 AND $50,000 RESPECTIVELY.

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202642299349301514

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