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Nonprofiteer
← HALCYON FUTURES INC

Form 990 for tax year 2024

Filed by HALCYON FUTURES INC.

Totals

Total revenue
$2,116,383
Total expenses
$1,706,677
Contributions and grants received
$2,026,675
Grants paid
$611,455
Program service revenue
$0
Investment income
$89,708
Other revenue
$0
Total assets, end of year
$3,348,422
Total liabilities, end of year
$972,030
Net assets or fund balances, end of year
$2,376,392
Program services expenses (Part IX)
$1,353,027
Management and general expenses
$336,140
Fundraising expenses
$17,510
Program service expenses (Part III)
$1,353,027

Program services were 79.3% 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

    $2,026,675

  • 3 · Investment income

    total $89,708 · excluded $89,708

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $185,000 · program services $185,000

  • 2 · Grants to domestic individuals

    total $315,780 · program services $315,780

  • 3 · Grants to foreign organizations and individuals

    total $110,675 · program services $110,675

  • 5 · Compensation of officers, directors and key employees

    total $306,214 · program services $211,288 · management and general $85,740 · fundraising $9,186

  • 7 · Other salaries and wages

    total $153,662 · program services $106,027 · management and general $43,025 · fundraising $4,610

  • 8 · Pension plan contributions

    total $7,423 · program services $5,122 · management and general $2,078 · fundraising $223

  • 9 · Other employee benefits

    total $10,967 · program services $7,567 · management and general $3,071 · fundraising $329

  • 10 · Payroll taxes

    total $31,653 · program services $21,840 · management and general $8,863 · fundraising $950

  • 11b · Fees: legal

    total $18,605 · management and general $18,605

  • 11c · Fees: accounting

    total $29,225 · management and general $29,225

  • 11g · Fees: other

    total $248,444 · program services $158,447 · management and general $88,915 · fundraising $1,082

  • 13 · Office expenses

    total $7,437 · management and general $7,437

  • 14 · Information technology

    total $9,928 · management and general $9,928

  • 16 · Occupancy

    total $37,657 · program services $25,985 · management and general $10,542 · fundraising $1,130

  • 17 · Travel

    total $42,514 · program services $21,257 · management and general $21,257

  • 19 · Conferences, conventions and meetings

    total $184,039 · program services $184,039

  • 22 · Depreciation, depletion and amortization

    total $2,064 · management and general $2,064

  • 23 · Insurance

    total $5,390 · management and general $5,390

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $170,793 · end of year $110,894

  • 2 · Savings and temporary cash investments

    beginning of year $2,734,077 · end of year $1,931,483

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $1,300,750

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

    $7,531

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

    $2,236

  • 10c · Land, buildings and equipment, net

    beginning of year $7,359 · end of year $5,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $945,543 · end of year $972,030

  • 27 · Net assets without donor restrictions

    beginning of year $1,966,686 · end of year $2,376,392

Mission and programs · 2024

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 WORLD'S BIGGEST PROBLEMS, AND WE SUPPORT THEM ALONG THE WAY.

  • IN 2024, HALCYON RAN PROGRAMS SUCH AS CONFERENCES, MEETINGS, AND RETREATS RELATED TO ITS EXEMPT PURPOSE FOR HALCYON COHORT MEMBERS. THE ORGANIZATION OFFERED GRANTS TO HALCYON COHORT MEMBERS WHO WERE STARTING NEW MISSION-ALIGNED ORGANIZATIONS AS WELL AS TO OTHER NONPROFIT ORGANIZATIONS.

    Expenses $1,353,027 · Grants $611,455

As filed on the 2024 return.

Listed in Part VII

  • Michael McCormick

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $306,214
    From this org
    $283,181
    From related orgs
    $0
    Other
    $23,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,181
    Bonus
    $0
    Other
    $0
    Deferred
    $13,832
    Nontaxable benefits
    $9,201
    Filer's total
    $306,214

  • Max Henderson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kellie Liket

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelby Summerfield

    HEAD OF OPERATIONS

    Total calculated
    $172,052
    From this org
    $153,662
    From related orgs
    $0
    Other
    $18,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,662
    Bonus
    $0
    Other
    $0
    Deferred
    $7,423
    Nontaxable benefits
    $10,967
    Filer's total
    $172,052

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 · Independent compensation consultant

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349314076

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