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Nonprofiteer
← SECUREFUTURES FOUNDATION INC

Form 990 for tax year 2023

Filed by SECUREFUTURES FOUNDATION INC.

Totals

Total revenue
$1,965,769
Total expenses
$1,835,713
Contributions and grants received
$1,898,016
Grants paid
$164,417
Program service revenue
$40
Investment income
$41,508
Other revenue
$26,205
Total assets, end of year
$2,529,481
Total liabilities, end of year
$435,489
Net assets or fund balances, end of year
$2,093,992
Program services expenses (Part IX)
$1,480,592
Management and general expenses
$177,978
Fundraising expenses
$177,143
Program service expenses (Part III)
$1,480,592

Program services were 80.7% 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.

  • 1c · Fundraising events

    $355,753

  • 1f · All other contributions, gifts and grants

    $1,542,263

  • 2a · Program service revenue: MONEY PATH APP

    total $40 · related or exempt $40

  • 3 · Investment income

    total $41,508 · excluded $41,508

  • 8a · Fundraising events: gross income

    $25,200

  • 8a · Fundraising events: contributions included on line 1c

    $355,753

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $25,200 · excluded $25,200

  • 11a · Other revenue: OTHER INCOME

    total $1,005 · excluded $1,005

  • 11e · Other revenue, total

    $1,005

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $164,417 · program services $164,417

  • 5 · Compensation of officers, directors and key employees

    total $173,943 · program services $69,577 · management and general $43,486 · fundraising $60,880

  • 7 · Other salaries and wages

    total $736,915 · program services $600,301 · management and general $51,447 · fundraising $85,167

  • 8 · Pension plan contributions

    total $20,417 · program services $16,583 · management and general $1,447 · fundraising $2,387

  • 9 · Other employee benefits

    total $57,558 · program services $46,559 · management and general $4,162 · fundraising $6,837

  • 10 · Payroll taxes

    total $70,369 · program services $52,164 · management and general $7,155 · fundraising $11,050

  • 11b · Fees: legal

    total $2,191 · management and general $2,191

  • 11c · Fees: accounting

    total $10,100 · management and general $10,100

  • 11g · Fees: other

    total $45,423 · program services $35,578 · management and general $9,845

  • 12 · Advertising and promotion

    total $80,543 · program services $80,543

  • 13 · Office expenses

    total $68,642 · program services $63,302 · management and general $4,940 · fundraising $400

  • 16 · Occupancy

    total $40,681 · program services $30,157 · management and general $4,136 · fundraising $6,388

  • 17 · Travel

    total $6,833 · program services $5,997 · management and general $836

  • 19 · Conferences, conventions and meetings

    total $86,541 · program services $86,541

  • 22 · Depreciation, depletion and amortization

    total $198,114 · program services $194,518 · management and general $1,413 · fundraising $2,183

  • 23 · Insurance

    total $11,789 · program services $8,739 · management and general $1,199 · fundraising $1,851

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $32,446 · program services $9,813 · management and general $22,633

  • 24b · Other expenses: AWARDS AND PRIZES

    total $16,723 · program services $15,453 · management and general $1,270

  • 24c · Other expenses: OTHER EXPENSE

    total $7,562 · management and general $7,562

  • 24d · Other expenses: STAFF PROFESSIONAL DEVE

    total $4,506 · program services $350 · management and general $4,156

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,961 · end of year $16,809

  • 2 · Savings and temporary cash investments

    beginning of year $1,336,037 · end of year $1,682,971

  • 3 · Pledges and grants receivable

    beginning of year $169,200 · end of year $56,500

  • 4 · Accounts receivable

    beginning of year $25,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,617 · end of year $19,535

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

    $236,328

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

    $49,182

  • 10c · Land, buildings and equipment, net

    beginning of year $133,913 · end of year $187,146

  • 14 · Intangible assets

    beginning of year $388,019 · end of year $290,598

  • 15 · Other assets

    beginning of year $300,458 · end of year $275,922

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,720 · end of year $79,688

  • 25 · Other liabilities

    beginning of year $378,549 · end of year $355,801

  • 27 · Net assets without donor restrictions

    beginning of year $1,794,736 · end of year $2,037,492

  • 28 · Net assets with donor restrictions

    beginning of year $169,200 · end of year $56,500

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE FINANCIAL LITERACY PROGRAMS AND RESOURCES THAT EMPOWER STUDENTS TO MAKE SOUND FINANCIAL DECISIONS. THE ORGANIZATION'S VISION IS TO BUILD STRONG COMMUNITIES WHERE STUDENTS AND THEIR FAMILIES MAKE INFORMED FINANCIAL DECISIONS AND TAKE CONTROL OF THEIR FINANCIAL FUTURE.

Activities or mission (Part I)

FINANCIAL LITERACY PROGRAMS AND RESOURCES TO EMPOWER STUDENTS TO MAKE SOUND FINANCIAL DECISIONS.

  • MONEY SENSE: THIS FLEXIBLE PROGRAM, AVAILABLE IN IN-PERSON AND VIRTUAL FORMATS, INTRODUCES TEENS TO FINANCIAL BASICS LIKE BANKING, CREATING A SAVINGS PLAN, MANAGING A BUDGET, AND MAINTAINING HEALTHY CREDIT. TYPICALLY TAUGHT IN THREE 90-MINUTE LESSONS, THE PROGRAM'S CONTENT CAN BE PRESENTED BY TRAINED VOLUNTEERS OR DIRECTLY BY THE EDUCATOR. IN ADDITION TO THE LESSON-BASED PROGRAM, WE OFFER MONEY SENSE ON DEMAND, AN EXTENSIVE LIBRARY OF STUDENT-DIRECTED ONLINE LEARNING MODULES ON AN ARRAY OF PERSONAL FINANCE TOPICS.

    Expenses $242,067

  • MONEY PATH: THIS INNOVATIVE PROGRAM ALLOWS TEENS TO EXPLORE HOW THEIR DECISIONS ABOUT COLLEGE, CAREER, BUDGETING, AND SAVING WILL IMPACT LONG-TERM GOALS AND LIFELONG FINANCIAL SUCCESS. MONEY PATH GIVES TEENS THE OPPORTUNITY TO BUILD A PERSONALIZED PLAN AND CHART A COURSE TOWARDS A FINANCIALLY EMPOWERED FUTURE.

    Expenses $691,903 · Revenue $40

  • MONEY COACH: THIS PROGRAM FOCUSES ON TEENS FROM UNDER-RESOURCED COMMUNITIES AND EMPOWERS THEM THROUGH ONE-ON-ONE AND SMALL GROUP MENTORSHIP TO BUILD STRONG MONEY MANAGEMENT HABITS FOR LONG-TERM FINANCIAL CAPABILITY. THIS MULTI-WEEK EXTENSIVE PROGRAM MATCHES TEENS WITH VOLUNTEER COACHES WHO PROVIDE GUIDANCE, ACCOUNTABILITY, AND SUPPORT.

    Expenses $546,622 · Grants $164,417

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jackie Darr

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Maximilian Mann

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sandra Dunst

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Isaac Woods

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Cain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Malado Cisse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trinette Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Xiaoting Hao

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Otis Hosley Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Irgens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Irina Kwiatkowska

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Lagrant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lloyd Levin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Mroz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sydney Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Polk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Smucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Tidmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brenda Campbell

    PRESIDENT & CEO

    Total calculated
    $160,596
    From this org
    $140,519
    From related orgs
    $0
    Other
    $20,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,724
    Bonus
    $6,795
    Other
    $0
    Deferred
    $4,115
    Nontaxable benefits
    $15,962
    Filer's total
    $160,596

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 · 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 3
A REVIEW OF LOCAL AND NATIONAL COMPARABLE SALARIES IS PERFORMED ALONG WITH REVIEW OF PERFORMANCE OUTCOMES. BASED ON COMPARABLE DATA AND EXISTING BUDGET CONSTRAINTS, THE BOARD TREASURER AND CHAIRPERSON DETERMINE THE PRESIDENT AND CEO'S SALARY. THE FINANCE COMMITTEE REVIEWS OVERALL STAFF SALARY INCREASES AND THE BOARD APPROVES AS PART OF THE ANNUAL BUDGET.
PART I, LINE 7
THE PRESIDENT AND CEO WAS PROVIDED A BONUS BASED ON MERIT.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423099349301052

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