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← FUTURE MAJORITY INC

Form 990 for tax year 2023

Filed by FUTURE MAJORITY INC.

Totals

Total revenue
$3,802,585
Total expenses
$4,713,668
Contributions and grants received
$3,802,585
Grants paid
$57,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$712,753
Total liabilities, end of year
$782
Net assets or fund balances, end of year
$711,971
Program services expenses (Part IX)
$4,409,900
Management and general expenses
$209,222
Fundraising expenses
$94,546
Program service expenses (Part III)
$4,409,900

Program services were 93.6% 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

    $3,802,585

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $57,500 · program services $57,500

  • 5 · Compensation of officers, directors and key employees

    total $198,000 · program services $79,200 · management and general $99,000 · fundraising $19,800

  • 11b · Fees: legal

    total $2,055 · management and general $2,055

  • 11c · Fees: accounting

    total $17,080 · management and general $17,080

  • 11g · Fees: other

    total $659,048 · program services $563,587 · management and general $29,556 · fundraising $65,905

  • 12 · Advertising and promotion

    total $3,515,900 · program services $3,515,900

  • 13 · Office expenses

    total $34,438 · management and general $34,438

  • 14 · Information technology

    total $143 · program services $143

  • 17 · Travel

    total $26,523 · program services $8,841 · management and general $8,841 · fundraising $8,841

  • 22 · Depreciation, depletion and amortization

    total $16,500 · management and general $16,500

  • 24a · Other expenses: RESEARCH

    total $184,590 · program services $184,590

  • 24b · Other expenses: DUES AND SUBS

    total $1,218 · management and general $1,218

  • 24c · Other expenses: TAXES AND LICENSES

    total $534 · management and general $534

  • 24d · Other expenses: REIMBURSEMENT

    total $139 · program services $139

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,595,545 · end of year $701,128

  • 14 · Intangible assets

    beginning of year $28,125 · end of year $11,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $615 · end of year $782

  • 27 · Net assets without donor restrictions

    beginning of year $1,623,055 · end of year $711,971

Mission and programs · 2023

Mission

FUTURE MAJORITY (FM) IS A STRATEGY CENTER DEDICATED TO BUILDING FREEDOM, A FAIR SHOT, AND THE FUTURE FOR EVERY AMERICAN.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • PUBLIC EDUCATION CAMPAIGNS & COMMUNICATIONS:FUTURE MAJORITY CONTINUED TO ENGAGE THE GENERAL PUBLIC AND LEADERS BY COMMUNICATING THROUGH PUBLIC MEDIA TO EDUCATE AMERICANS ON ISSUES THAT IMPACT THEIR LIVES. KEY ISSUES INCLUDE HEALTHCARE AFFORDABILITY, REPRODUCTIVE FREEDOM AND EARNED WAGE ACCESS.BELOW ARE THE CAMPAIGNS: PUBLIC EDUCATION ON HEALTHCARE ISSUE ADVOCACY ON FEDERAL POLICIES TO LOWER HEALTHCARE COSTS AND PATIENT SAVINGS BY REQUIRING INSURANCE COMPANIES AND PBMS TO PASS HEALTH SAVINGS ON TO PATIENTS. PUBLIC EDUCATION AND ADVOCACY FOR PASSAGE OF THE REPRODUCTIVE FREEDOM FOR ALL ACT (S.4688). A CONTINUTION OF OUR FALL 2022 CAMPAIGN.PUBLIC EDUCATION ON OPEN COMMENT PERIOD IN CALIFORNIA ON A RULING BY THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION REGARDING EARNED WAGE ACCESS ISSUES IN THE STATE.FUTURE MAJORITY COMMUNICATED WITH THE PUBLIC THROUGH CABLE MEDIA AND DIGITAL CHANNELS TO EDUCATE THE AMERICANS ABOUT THESE ISSUES. GRASSROOTS ADVOCACY: FUTURE MAJORITY WORKED WITH VALOR US TO BUILD GRASSROOTS SUPPORT FOR FEDERAL LEGISLATION AROUND PASSING THE REPRODUCTIVE FREEDOM FOR ALL ACT (S. 4688), WORKING TO BUILD SUPPORT WITH KEY CONSTITUENT GROUPS TO URGE THE PASSAGE IN THE US SENATE FOR THE LEGISLATION. KEY CONSTITUENCY GROUPS INCLUDE SURVIVORS OF SEXUAL ASSUALT, VARIOUS WOMENS GROUPS AND A COALITION OF YOUNG VOTER GROUPS. THEY ENGAGED THESE COMMUNITIES THROUGH SOCIAL MEDIA CHANNELS AND GRASSROOTS EMAIL LISTS TO BUILD SUPPORT. A CONTINUTION OF OUR FALL 2022 CAMPAIGN.

    Expenses $3,573,400 · Grants $57,500

  • RESEARCH ON POLICY ISSUES, AND PUBLIC OPINION POLLING: THE CORNERSTONE OF FUTURE MAJORITY'S OPERATION IN 2023 WAS ITS PUBLIC POLICY RESEARCH AND PUBLIC OPINION POLLING. THE RESEARCH WAS USED TO INFORM FUTURE MAJORITY'S PUBLIC EDUCATION CAMPAIGNS, AS WELL AS INFORM LEADERS, ORGANIZATIONS, AND CIVIC GROUPS ON CRITICAL ISSUES. FUTURE MAJORITY PRODUCED QUARTERLY REPORTS OUTLINING RESEARCH FINDINGS AND RECOMMENDATIONS ON MESSAGING AROUND POLICY ISSUES. ALL RESEARCH IS AVAILABLE TO THE PUBLIC. IN ADDITION TO PUBLIC OPINION RESEARCH, FUTURE MAJORITY USED NEW MEDIA MONITIORING TOOLS TO TRACK PUBLIC COMMUNICATIONS BY ADVOCACY GROUPS AND CAMPAIGNS TO UNDERSTAND MESSAGING COMING FROM THESE ENTITIES. OUR TEAM EXPANDED OUTREACH EFFORTS TO INFORM AND SHARE THE RESEARCH FINDINGS WITH LIKEMINDED ORGANIZATIONS AND LEADERS IN GOVERNMENT AND PUBLIC POLICY.

    Expenses $836,500

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

Listed in Part VII

  • Mark Riddle

    PRESIDENT & DIR. (SEE SCHED L)

    Total calculated
    $0
    Hours/week
    60

  • Matthew Tompkins

    TREASURER, CFO & DIR.

    Total calculated
    $198,000
    From this org
    $198,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $198,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $198,000

  • Dustin Robinson

    CCO (SEE SCHED L)

    Total calculated
    $0
    Hours/week
    60

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 · Approval by the board or compensation committee

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

  • VALORUS

    $57,500

    PARTNERSHIP AND ORGANIZATIONAL OUTREACH FOR REPRODUCTIVE FREEDOM PROGRAM

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349302761

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