Form 990 for tax year 2024

Totals

Total revenue

$3,806,050

Total expenses

$3,104,195

Contributions and grants received

$3,693,330

Grants paid

$0

Program service revenue

$500

Investment income

$112,220

Other revenue

$0

Total assets, end of year

$5,360,266

Total liabilities, end of year

$17,524

Net assets or fund balances, end of year

$5,342,742

Program services expenses (Part IX)

$2,693,891

Management and general expenses

$221,043

Fundraising expenses

$189,261

Program service expenses (Part III)

$2,693,891

Program services were 86.8% 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.

Mission and programs · 2024

• Hosted annually since 2017, Future Summit brings together Gen Z and Millennial lawmakers from across the country and across the political spectrum to learn new policy ideas, build new cross-partisan relationships, and invest in their leadership development. In 2024, 74 lawmakers from 33 states participated in the event. Future Summit South replicates the power of this convening on a regional level, driving an organizing model that bridges state-level engagement with nationwide cross-state collaboration. In 2024, 14 legislators representing states in the South converged on Atlanta for the inaugural Summit.

  Expenses $631,923

• The Innovation Lab is a cross-partisan hub for policy education and bridge-building that connects young lawmakers with diverse experts on the issues that matter most to their constituents. Through resources like a policy library, live briefings, on-demand expertise, and collaborative working groups, it equips legislators with unbiased ideas and practical tools to be more effective problem-solvers. The Lab also fosters healthy dialogue and innovative thinking, helping emerging leaders advance solutions and rebuild trust in democratic institutions. Through Innovation Fellowships, cross-partisan cohorts of lawmakers dive deeper into complex policy challenges with expert support, research, and a strong peer network to strengthen their impact in state legislatures.

  Expenses $530,864

• Future Caucus' State Future Caucus Network is made up of over 1,900 state lawmakers and 36 state chapters, each co-chaired by two bipartisan Gen Z or millennial lawmakers. The Network is dedicated to creating a space for connection, dialogue, and collaborative policymaking. Each caucus advances a bipartisan policy agenda focused on solutions to the challenges facing future generations. Future Caucus also connects state lawmakers to their peers across state lines through both virtual and in-person programming.

  Expenses $501,962

• Future Caucus developed a digital leadership curriculum specifically tailored to meet the needs of young legislators. This suite of training programs focuses on leadership skills, mental well-being, and bridge- building, empowering them to be effective leaders ready to cultivate bipartisan relationships.

  Expenses $210,554

• The annual Rising Star Awards ceremony recognizes young leaders who embody Future Caucus' vision of transcending toxic polarization, and one outstanding state Future Caucus for their future-focused leadership and political bridge-building. In 2024, Future Caucus also celebrated two generational changemakers, Paris Hilton and Sophia Bush, for their positive leadership.

  Expenses $170,825

• The On the Rise Tour included visits to 14 states to help jumpstart productive legislative sessions by bringing together newly elected and current young lawmakers to connect across the aisle, learn about the Future Caucus Network, and identify shared policy priorities.

  Expenses $142,296

• The Young Lawmakers' Storybank is a curated, searchable collection designed to showcase stories of collaboration and examples of good governance to reporters and the public. The Storybank's interviews, videos, and articles fall into six categories: Anatomy of a Bill, Beyond the Bubble, Future's Frontline, Policy Impacts, Field Notes, and Profiles of Effective Lawmakers.

  Expenses $80,950

• The Congressional Future Caucus, chaired by U.S. Representatives Sara Jacobs (D-CA) and Blake Moore (R-UT), is our nation's first and only bipartisan caucus for young Members of Congress. The Congressional Future Caucus is a space for a rising generation of lawmakers to build a network, gain leadership skills, and develop the resiliency needed to navigate the toxic polarization of our current political environment in order to achieve success on issues that matter to their constituents.

  Expenses $71,767

• The 19th Collective is a bipartisan community of Gen Z and millennial women legislators committed to leadership, collaboration, and advocacy, inspired by the legacy of the 19th Amendment. Created in response to young women lawmakers seeking deeper connection and support, the Collective provides a space to build skills, share knowledge, and strengthen their impact in public service. It also fosters a strong sense of community through networking, mentorship, and camaraderie that extends beyond formal programming.

  Expenses $59,759

• Our 2024 On the Rise Report aims to better understand the trends and demographics of the rising generation of leaders-the individuals who will shape our future. This biannual, election-year report analyzes a wide range of demographic data, including age, generation, gender, and political-party affiliation, for candidates for Congress, with a focus on generational patterns. As the only report of its kind, it serves as a key resource for academics, journalists, advocates, and policymakers.

  Expenses $22,350

• All Others - National Week of Action, New Lawmaker Boot Camp, Partner-led Leadership Trainings, Future Caucus Branding, Measuring Leadership & Effectiveness

  Expenses $270,641

As filed on the 2024 return.

Listed in Part VII

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

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

2024

Filed

31 October 2025

IRS schema version

2024v5.0

Source object

202513219349310446

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