Form 990 for tax year 2023
Filed by FUTURE GENERATIONS UNIVERSITY CORPORATION.
Totals
- Total revenue
- $3,887,636
- Total expenses
- $3,203,754
- Contributions and grants received
- $3,351,401
- Grants paid
- $273,316
- Program service revenue
- $413,263
- Investment income
- $148,509
- Other revenue
- -$25,537
- Total assets, end of year
- $13,483,277
- Total liabilities, end of year
- $508,848
- Net assets or fund balances, end of year
- $12,974,429
- Program services expenses (Part IX)
- $2,083,975
- Management and general expenses
- $582,212
- Fundraising expenses
- $537,567
- Program service expenses (Part III)
- $2,083,975
Program services were 65.0% 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)
$818,110
-
1f · All other contributions, gifts and grants
$2,533,291
-
2a · Program service revenue: TUITION
total $386,313 · related or exempt $386,313
-
2b · Program service revenue: TUITION & FEES-CERTIFICATE
total $12,750 · related or exempt $12,750
-
2c · Program service revenue: TUITION - VIETNAM RESIDENTIAL
total $8,000 · related or exempt $8,000
-
2d · Program service revenue: TUITION - AFRICA RESIDENTIAL
total $6,400 · related or exempt $6,400
-
2e · Program service revenue: TUITION-MAPLE CERTIFICATE
total -$200 · related or exempt -$200
-
3 · Investment income
total $342,049 · related or exempt $342,049
-
6a · Gross rents
real property $11,931
-
6b · Less rental expenses
real property $40,904
-
6c · Rental income or loss
real property -$28,973
-
6d · Net rental income or loss
total -$28,973 · related or exempt -$28,973
-
7a · Gross sales of assets other than inventory
securities $8,510,453
-
7b · Less cost or other basis and sales expenses
securities $8,703,993
-
7c · Gain or loss
securities -$193,540
-
7d · Net gain or loss
total -$193,540 · related or exempt -$193,540
-
11a · Other revenue: EDUCATION MATERIALS APPALACHI
total $1,608 · related or exempt $1,608
-
11b · Other revenue: OTHER INCOME-APPALACHIA
total $978 · related or exempt $978
-
11c · Other revenue: OTHER INCOME-BIRDS OF BOLIVIA
total $801 · related or exempt $801
-
11d · All other revenue
total $49 · related or exempt $49
-
11e · Other revenue, total
$3,436
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,081 · program services $6,081
-
2 · Grants to domestic individuals
total $43,565 · program services $43,565
-
3 · Grants to foreign organizations and individuals
total $223,670 · program services $223,670
-
5 · Compensation of officers, directors and key employees
total $149,960 · program services $19,781 · management and general $68,325 · fundraising $61,854
-
7 · Other salaries and wages
total $1,135,050 · program services $686,287 · management and general $219,485 · fundraising $229,278
-
8 · Pension plan contributions
total $63,229 · program services $51,998 · management and general $7,365 · fundraising $3,866
-
9 · Other employee benefits
total $124,082 · program services $98,492 · management and general $16,316 · fundraising $9,274
-
10 · Payroll taxes
total $107,088 · program services $85,219 · management and general $14,869 · fundraising $7,000
-
11c · Fees: accounting
total $19,500 · management and general $19,500
-
11g · Fees: other
total $562,105 · program services $530,723 · management and general $14,253 · fundraising $17,129
-
12 · Advertising and promotion
total $11,994 · program services $5,194 · management and general $1,086 · fundraising $5,714
-
13 · Office expenses
total $149,876 · program services $95,296 · management and general $34,837 · fundraising $19,743
-
14 · Information technology
total $308,573 · program services $98,962 · management and general $45,565 · fundraising $164,046
-
16 · Occupancy
total $41,844 · program services $51 · management and general $41,793
-
17 · Travel
total $136,078 · program services $109,662 · management and general $9,049 · fundraising $17,367
-
19 · Conferences, conventions and meetings
total $13,708 · program services $13,156 · management and general $552
-
22 · Depreciation, depletion and amortization
total $84,398 · management and general $84,398
-
23 · Insurance
total $22,953 · program services $15,838 · management and general $4,819 · fundraising $2,296
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $569,214 · end of year $804,985
-
2 · Savings and temporary cash investments
beginning of year $864,364 · end of year $634,959
-
3 · Pledges and grants receivable
beginning of year $165,019 · end of year $235,988
-
4 · Accounts receivable
beginning of year $37,903 · end of year $51,990
-
9 · Prepaid expenses and deferred charges
beginning of year $18,342 · end of year $24,327
-
10a · Land, buildings and equipment: cost or other basis
$2,146,753
-
10b · Land, buildings and equipment: accumulated depreciation
$860,690
-
10c · Land, buildings and equipment, net
beginning of year $1,329,955 · end of year $1,286,063
-
11 · Investments: publicly traded securities
beginning of year $9,200,273 · end of year $10,056,965
-
12 · Investments: other securities
beginning of year $302,000 · end of year $388,000
-
17 · Accounts payable and accrued expenses
beginning of year $92,383 · end of year $98,342
-
19 · Deferred revenue
beginning of year $5,715 · end of year $3,979
-
23 · Secured mortgages and notes payable
beginning of year $421,606 · end of year $406,527
-
27 · Net assets without donor restrictions
beginning of year $1,927,298 · end of year $1,660,314
-
28 · Net assets with donor restrictions
beginning of year $10,040,068 · end of year $11,314,115
Mission and programs · 2023
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 $1,422,278 · Grants $273,316 · Revenue $413,263
-
GOVERNMENT GRANT PROGRAMS.
Expenses $661,697
As filed on the 2023 return.
Listed in Part VII
-
DANIEL C TAYLOR
INTERIM CHAI
- Total calculated
- $133,000
- From this org
- $133,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
FRANCIS DAY
PRESIDENT
- Total calculated
- $74,980
- From this org
- $74,980
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
NACHIKETA BHATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
RUPIN DANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CHIDO MADIWA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JAMES PATTERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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.
-
501C3 · CONSERVATI · WV
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 February 2024
- IRS schema version
- 2023v6.0
- Source object
- 202530389349300603
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