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← FUTURE GENERATIONS UNIVERSITY CORPORATION

Form 990 for tax year 2024

Filed by FUTURE GENERATIONS UNIVERSITY CORPORATION.

Totals

Total revenue
$2,870,988
Total expenses
$2,888,081
Contributions and grants received
$2,509,320
Grants paid
$10,600
Program service revenue
$126,375
Investment income
$265,589
Other revenue
-$30,296
Total assets, end of year
$14,231,133
Total liabilities, end of year
$525,602
Net assets or fund balances, end of year
$13,705,531
Program services expenses (Part IX)
$1,871,819
Management and general expenses
$545,920
Fundraising expenses
$470,342
Program service expenses (Part III)
$1,871,819

Program services were 64.8% 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.

  • 1e · Government grants (contributions)

    $610,727

  • 1f · All other contributions, gifts and grants

    $1,898,593

  • 2a · Program service revenue: TUITION REVENUE

    total $126,375 · related or exempt $126,375

  • 3 · Investment income

    total $416,877 · related or exempt $416,877

  • 6a · Gross rents

    real property $12,738

  • 6b · Less rental expenses

    real property $47,628

  • 6c · Rental income or loss

    real property -$34,890

  • 6d · Net rental income or loss

    total -$34,890 · related or exempt -$34,890

  • 7a · Gross sales of assets other than inventory

    securities $13,056,420

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

    securities $13,207,708

  • 7c · Gain or loss

    securities -$151,288

  • 7d · Net gain or loss

    total -$151,288 · related or exempt -$151,288

  • 11a · Other revenue: OTHER INCOME-APPALACHIA

    total $2,021 · related or exempt $2,021

  • 11b · Other revenue: OTHER REVENUE - APPALACHIA

    total $1,650 · related or exempt $1,650

  • 11c · Other revenue: OTHER INCOME-BIRDS OF BOLIVIA

    total $531 · related or exempt $531

  • 11d · All other revenue

    total $392 · related or exempt $392

  • 11e · Other revenue, total

    $4,594

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $600 · program services $600

  • 3 · Grants to foreign organizations and individuals

    total $10,000 · program services $10,000

  • 7 · Other salaries and wages

    total $1,200,219 · program services $763,950 · management and general $224,072 · fundraising $212,197

  • 8 · Pension plan contributions

    total $56,648 · program services $36,525 · management and general $8,766 · fundraising $11,357

  • 9 · Other employee benefits

    total $142,880 · program services $90,159 · management and general $23,930 · fundraising $28,791

  • 10 · Payroll taxes

    total $97,149 · program services $58,496 · management and general $19,035 · fundraising $19,618

  • 11c · Fees: accounting

    total $31,634 · management and general $31,634

  • 11g · Fees: other

    total $614,860 · program services $566,641 · management and general $40,300 · fundraising $7,919

  • 12 · Advertising and promotion

    total $22,742 · program services $16,792 · management and general $1,819 · fundraising $4,131

  • 13 · Office expenses

    total $140,404 · program services $93,548 · management and general $36,986 · fundraising $9,870

  • 14 · Information technology

    total $265,072 · program services $93,727 · management and general $11,781 · fundraising $159,564

  • 16 · Occupancy

    total $21,606 · program services $28 · management and general $21,578

  • 17 · Travel

    total $159,738 · program services $137,369 · management and general $5,474 · fundraising $16,895

  • 19 · Conferences, conventions and meetings

    total $2,484 · program services $2,484

  • 22 · Depreciation, depletion and amortization

    total $84,434 · management and general $84,434

  • 23 · Insurance

    total $36,111 · management and general $36,111

  • 24a · Other expenses: BAD DEBT

    total $1,500 · program services $1,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $804,985 · end of year $718,797

  • 2 · Savings and temporary cash investments

    beginning of year $634,959 · end of year $157,895

  • 3 · Pledges and grants receivable

    beginning of year $235,988 · end of year $203,347

  • 4 · Accounts receivable

    beginning of year $51,990 · end of year $48,212

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,327 · end of year $25,857

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

    $2,146,752

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

    $945,123

  • 10c · Land, buildings and equipment, net

    beginning of year $1,286,063 · end of year $1,201,629

  • 11 · Investments: publicly traded securities

    beginning of year $10,056,965 · end of year $11,357,266

  • 12 · Investments: other securities

    beginning of year $388,000 · end of year $518,130

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,342 · end of year $134,035

  • 19 · Deferred revenue

    beginning of year $3,979 · end of year $799

  • 23 · Secured mortgages and notes payable

    beginning of year $406,527 · end of year $390,768

  • 27 · Net assets without donor restrictions

    beginning of year $1,660,314 · end of year $1,541,153

  • 28 · Net assets with donor restrictions

    beginning of year $11,314,115 · end of year $12,164,378

Mission and programs · 2024

Mission

FUTURE GENERATIONS UNIVERSITY PROMOTES RESEARCH, LEARNING AND ACTION TO ACHIEVE INCLUSIVE AND SUSTAINABLE CHANGE WORLDWIDE.

  • TO ENGAGE IN RESEARCH & APPLIED COMMUNITY DEVELOPMENT AND TO OFFER ACADEMIC TRAININGS SUCH AS A MASTER'S DEGREE & CERTIFICATES IN APPLIED COMMUNITY DEVELOP & APPLIED PROFESSIONAL CERTIFICATIONS.

    Expenses $1,374,937 · Grants $10,600 · Revenue $126,375

  • GOVERNMENT GRANT PROGRAMS.

    Expenses $496,882

As filed on the 2024 return.

Listed in Part VII

  • Luke Taylor-Ide

    CEO

    Total calculated
    $82,285
    From this org
    $82,285
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Taylor

    CHAIR

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Nachiketa Bhatt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rupin Dang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chido Madiwa

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • James Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Pettigrew

    BOARD MEMBER

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
5 March 2026
IRS schema version
2024v5.0
Source object
202630649349300943

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