Totals
- Total revenue
- $18,368,759
- Total expenses
- $16,614,821
- Contributions and grants received
- $6,039,745
- Grants paid
- $7,121,630
- Program service revenue
- $8,368,887
- Investment income
- $3,950,165
- Other revenue
- $9,962
- Total assets, end of year
- $109,004,844
- Total liabilities, end of year
- $3,452,741
- Net assets or fund balances, end of year
- $105,552,103
- Program services expenses (Part IX)
- $13,415,983
- Management and general expenses
- $3,198,838
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $13,415,983
Program services were 80.7% 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)
$3,003,795
-
1f · All other contributions, gifts and grants
$3,035,950
-
2a · Program service revenue: COURSES & TRAINING
total $8,049,282 · related or exempt $8,049,282
-
2b · Program service revenue: REGISTRATION INCOME
total $319,605 · related or exempt $319,605
-
3 · Investment income
total $3,370,641 · excluded $3,370,641
-
7a · Gross sales of assets other than inventory
securities $87,216,481
-
7b · Less cost or other basis and sales expenses
securities $86,636,957
-
7c · Gain or loss
securities $579,524
-
7d · Net gain or loss
total $579,524 · excluded $579,524
-
11a · Other revenue: BOOK SALE INCOME
total $5,856 · excluded $5,856
-
11b · Other revenue: CREDIT CARD REWARDS
total $3,118 · excluded $3,118
-
11d · All other revenue
total $988 · excluded $988
-
11e · Other revenue, total
$9,962
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $7,121,630 · program services $7,121,630
-
5 · Compensation of officers, directors and key employees
total $708,588 · program services $106,288 · management and general $602,300
-
7 · Other salaries and wages
total $2,839,189 · program services $2,114,057 · management and general $725,132
-
8 · Pension plan contributions
total $61,478 · program services $50,531 · management and general $10,947
-
9 · Other employee benefits
total $914,423 · program services $702,946 · management and general $211,477
-
10 · Payroll taxes
total $305,853 · program services $195,415 · management and general $110,438
-
11b · Fees: legal
total $44,133 · program services $24,510 · management and general $19,623
-
11c · Fees: accounting
total $633,902 · management and general $633,902
-
11f · Fees: investment management
total $96,531 · management and general $96,531
-
11g · Fees: other
total $3,093,184 · program services $2,442,558 · management and general $650,626
-
12 · Advertising and promotion
total $197,552 · program services $196,509 · management and general $1,043
-
13 · Office expenses
total $52,855 · program services $44,302 · management and general $8,553
-
14 · Information technology
total $175,205 · program services $140,684 · management and general $34,521
-
16 · Occupancy
total $4,112 · program services $3,116 · management and general $996
-
17 · Travel
total $175,486 · program services $141,314 · management and general $34,172
-
19 · Conferences, conventions and meetings
total $50,437 · program services $48,020 · management and general $2,417
-
22 · Depreciation, depletion and amortization
total $13,957 · program services $1,313 · management and general $12,644
-
23 · Insurance
total $14,423 · program services $4,409 · management and general $10,014
-
24a · Other expenses: CELL PHONE REIMB.
total $55,092 · program services $38,498 · management and general $16,594
-
24b · Other expenses: MEALS AND ENTERTAINMENT
total $48,076 · program services $39,650 · management and general $8,426
-
24c · Other expenses: BAD DEBT EXPENSE
total $5,000 · management and general $5,000
-
24d · Other expenses: BANK AND PROCESSING FEE
total $3,715 · program services $233 · management and general $3,482
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,616,475 · end of year $1,399,531
-
2 · Savings and temporary cash investments
beginning of year $23,816,160 · end of year $22,626,805
-
3 · Pledges and grants receivable
end of year $3,072,000
-
4 · Accounts receivable
beginning of year $2,331,949 · end of year $4,206,311
-
9 · Prepaid expenses and deferred charges
beginning of year $421,609 · end of year $838,159
-
10a · Land, buildings and equipment: cost or other basis
$69,785
-
10b · Land, buildings and equipment: accumulated depreciation
$40,708
-
10c · Land, buildings and equipment, net
beginning of year $43,034 · end of year $29,077
-
11 · Investments: publicly traded securities
beginning of year $78,564,935 · end of year $76,832,961
-
17 · Accounts payable and accrued expenses
beginning of year $3,653,155 · end of year $3,452,741
-
27 · Net assets without donor restrictions
beginning of year $101,141,007 · end of year $104,027,103
-
28 · Net assets with donor restrictions
beginning of year $2,000,000 · end of year $1,525,000
Mission and programs · 2023
Mission
FUTURO HEALTH'S NONPROFIT MISSION IS TO IMPROVE THE HEALTH AND WEALTH OF COMMUNITIES BY GROWING THE LARGEST NETWORK OF ALLIED HEALTHCARE WORKERS IN THE NATION.
Activities or mission (Part I)
GROW THE LARGEST NETWORK OF ALLIED HEALTHCARE WORKERS IN THE NATION.
-
FUTURO HEALTH'S NONPROFIT MISSION ADDRESSES THE NATION'S CRITICAL SHORTAGE OF ALLIED HEALTHCARE WORKERS. OUR UNIQUE EDUCATION JOURNEYS ENABLE SCHOLARS FROM ALL WALKS OF LIFE TO TRANSITION SUCCESSFULLY INTO HEALTHCARE CAREERS FROM DIVERSE EDUCATION OR JOB EXPERIENCE BACKGROUNDS. IN PARTNERSHIP WITH OUR EMPLOYERS AND FUNDERS, FUTURO HEALTH PROVIDES HIGHLY SUPPORTIVE EDUCATION AND TRAINING OPPORTUNITIES AT NO OR LOW COST, TRANSFORMING THE LIVES OF ADULT LEARNERS AND THEIR FAMILIES AS OUR SCHOLARS GO ON TO WORK IN REWARDING AND FINANCIALLY STABLE HEALTHCARE CAREERS.
Expenses $13,415,983 · Grants $7,121,630 · Revenue $8,368,887
As filed on the 2023 return.
Listed in Part VII
-
Dave ReganDAVE REGAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
John YamamotoJOHN YAMAMOTO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
David GrossmanDAVID GROSSMAN
VICE PRESIDENT (THRU 5/23)
- Total calculated
- $0
- Hours/week
- 2
-
Pat ThomasPAT THOMAS
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Hortencia ArmendarizHORTENCIA ARMENDARIZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 10
-
Chokri BensaidCHOKRI BENSAID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lilly HickmanLILLY HICKMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Janet LiangJANET LIANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jim MayerJIM MAYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joanne SpetzJOANNE SPETZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Van Ton-QuinlivanVAN TON-QUINLIVAN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $339,764
- From this org
- $293,293
- From related orgs
- $0
- Other
- $46,471
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $266,543
- Bonus
- $26,750
- Other
- $0
- Deferred
- $12,033
- Nontaxable benefits
- $34,438
- Filer's total
- $339,764
-
Sandra LandichoSANDRA LANDICHO
CHIEF FINANCIAL OFFICER
- Total calculated
- $89,335
- From this org
- $87,127
- From related orgs
- $0
- Other
- $2,208
- Hours/week
- 40
-
Anthony DaltonANTHONY DALTON
CHIEF OPERATIONS OFFICER
- Total calculated
- $279,489
- From this org
- $219,365
- From related orgs
- $0
- Other
- $60,124
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,865
- Bonus
- $500
- Other
- $0
- Deferred
- $9,133
- Nontaxable benefits
- $50,991
- Filer's total
- $279,489
-
Joy Dalauidao-HermsenJOY DALAUIDAO-HERMSEN
DIR. INNOVATIVE PARTNERSHIPS
- Total calculated
- $189,392
- From this org
- $157,898
- From related orgs
- $0
- Other
- $31,494
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,098
- Bonus
- $800
- Other
- $0
- Deferred
- $4,723
- Nontaxable benefits
- $26,771
- Filer's total
- $189,392
-
John CordovaJOHN CORDOVA
DIR. WORKFORCE DEV. & CLINICAL PSHIP
- Total calculated
- $200,713
- From this org
- $153,328
- From related orgs
- $0
- Other
- $47,385
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,828
- Bonus
- $500
- Other
- $0
- Deferred
- $6,189
- Nontaxable benefits
- $41,196
- Filer's total
- $200,713
-
Christopher MurrellCHRISTOPHER MURRELL
DIR. SYSTEMS ENGINEERING
- Total calculated
- $182,583
- From this org
- $131,962
- From related orgs
- $0
- Other
- $50,621
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,462
- Bonus
- $500
- Other
- $0
- Deferred
- $5,360
- Nontaxable benefits
- $45,261
- Filer's total
- $182,583
-
Alan ChanALAN CHAN
DIR. OF DATA SCIENCE
- Total calculated
- $161,522
- From this org
- $123,622
- From related orgs
- $0
- Other
- $37,900
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,122
- Bonus
- $500
- Other
- $0
- Deferred
- $5,987
- Nontaxable benefits
- $31,913
- Filer's total
- $161,522
-
Nita PatelNITA PATEL
SR. DIR. OF FINANCE/HR/CONTRACTS
- Total calculated
- $141,142
- From this org
- $131,614
- From related orgs
- $0
- Other
- $9,528
- Hours/week
- 40
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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- AS PART OF OUR WELLNESS EMPHASIS, FUTURO HEALTH PROVIDES A REIMBURSEMENT FOR GYM MEMBERSHIP AVAILABLE TO ALL FULL TIME EMPLOYEES TO A MAXIMUM OF $100/MO.
- PART I, LINE 7
- IN 2023, THE EMPLOYEES RECEIVED A DISCRETIONARY YEAR-END BONUS. THE CEO RECEIVED AN ANNUAL COMPENSATION ADJUSTMENT UPON APPROVAL BY THE BOARD OF DIRECTORS.
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
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443129349305004
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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