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Nonprofiteer
← FUTURUS FOUNDATION INC

Form 990 for tax year 2022

Filed by FUTURUS FOUNDATION INC.

Totals

Total revenue
$224,340
Total expenses
$337,347
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$215,808
Investment income
$8,532
Other revenue
$0
Total assets, end of year
$4,322,630
Total liabilities, end of year
$8,363
Net assets or fund balances, end of year
$4,314,267
Program services expenses (Part IX)
$328,864
Management and general expenses
$8,483
Fundraising expenses
$0
Program service expenses (Part III)
$328,864

Program services were 97.5% 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.

  • 2a · Program service revenue: RENT INCOME

    total $171,528 · related or exempt $171,528

  • 2b · Program service revenue: RENT INCOME - IMPUTED

    total $44,280 · related or exempt $44,280

  • 3 · Investment income

    total $8,532 · excluded $8,532

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,817 · program services $5,817

  • 11c · Fees: accounting

    total $3,800 · management and general $3,800

  • 13 · Office expenses

    total $39 · management and general $39

  • 16 · Occupancy

    total $81,308 · program services $81,308

  • 20 · Interest

    total $3,540 · program services $3,540

  • 22 · Depreciation, depletion and amortization

    total $188,199 · program services $188,199

  • 24a · Other expenses: FUNDING TO RELATED PART

    total $50,000 · program services $50,000

  • 24b · Other expenses: STAFF RECOGNITION

    total $4,279 · management and general $4,279

  • 24c · Other expenses: NY FILING FEE

    total $275 · management and general $275

  • 24d · Other expenses: PUBLIC RELATIONS

    total $90 · management and general $90

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $708,779 · end of year $138,321

  • 2 · Savings and temporary cash investments

    beginning of year $113,944 · end of year $81,464

  • 4 · Accounts receivable

    beginning of year $208,244 · end of year $0

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

    $7,618,447

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

    $4,273,542

  • 10c · Land, buildings and equipment, net

    beginning of year $3,462,875 · end of year $3,344,905

  • 12 · Investments: other securities

    end of year $757,940

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,831 · end of year $5,366

  • 20 · Tax-exempt bond liabilities

    beginning of year $43,737 · end of year $2,997

  • 27 · Net assets without donor restrictions

    beginning of year $4,427,274 · end of year $4,314,267

Mission and programs · 2022

Mission

TO PROMOTE THE HEALTH AND WELFARE OF INDIVIDUALS WHO HAVE A MENTAL ILLNESS BY THE ACQUISITION AND MAINTENANCE OF REAL PROPERTY AND THE LEASE THEREOF TO TRANSITIONAL SERVICES INC., A RELATED CHARITABLE ORGANIZATION WHICH OPERATES SHELTERED LIVING PROGRAMS FOR INDIVIDUALS WITH A MENTAL ILLNESS.

Activities or mission (Part I)

FUTURUS FOUNDATION INC. HAS BEEN FORMED TO PROMOTE HEALTH AND WELFARE OF INDIVIDUALS WHO HAVE A MENTAL ILLNESS BY THE ACQUISITION AND MAINTENANCE OF REAL AND PERSONAL PROPERTY AND THE LEASE OR SUBLEASE THEREOF TO TRANSITIONAL SERVICES INC., A RELATED CHARITABLE ORGANIZATION WHICH OPERATES SHELTERED LIVING PROGRAMS FOR INDIVIDUALS WITH A MENTAL ILLNESS.

  • EXPENSES INCURRED IN CONNECTION WITH THE ACQUISITION & MAINTENANCE OF REAL & PERSONAL PROPERTY AND THE LEASE & SUBLEASE TO TRANSITIONAL SERVICES, INC., A RELATED EXEMPT ORGANIZATION WHICH PROVIDES SHELTERED LIVING FOR MENTALLY DISABLED INDIVIDUALS.

    Expenses $328,864 · Revenue $215,808

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN J GILLICK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • THOMAS HELTZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHARLES P MALARKEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROSEMARY DURAN

    SECRETARY

    Total calculated
    $273,492
    From this org
    $0
    From related orgs
    $223,256
    Other
    $50,236
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,256 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,651 related
    Nontaxable benefits
    $0 + $5,585 related
    Filer's total
    $0 + $273,492 related

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

None.

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

The filer's explanations (Part III)

SCHEDULE J (FORM 990), PART I, LINE 3:
ONE OF THE ORGANIZATION'S OFFICERS RECEIVES COMPENSATION FROM A RELATED ORGANIZATION. THE RELATED ORGANIZATION'S BOARD OF DIRECTORS DETERMINES COMPENSATION OF THE RELATED ORGANIZATION'S MANAGEMENT ANNUALLY. THE PROCESS INVOLVES REVIEWING PUBLICLY AVAILABLE COMPENSATION DATA FOR OFFICERS OF SIMILAR NON-PROFIT ORGANIZATIONS LOCATED IN THE SAME REGION.

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.

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
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202333199349302013

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