Future Leaders Of Americafoundation Inc
- Assets
- $380.3k
- Revenue
- $30.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 20-5095136
Organization Overview
Future Leaders Of Americafoundation Inc, operating under the name National Student Leadership Fnd, is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Student Leadership Fnd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, National Student Leadership Fnd generated $30.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $29.6m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National Student Leadership Fnd has awarded 35 individual grants totaling $1,584,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUMMER EDUCATIONAL PROGRAMS FOR HIGH SCHOOL STUDENTS WHICH ENCOURAGE STUDENTS TO EXPLORE THEIR ACADEMIC AND CAREER INTERESTS WHILE DEVELOPING LEADERSHIP SKILLS ESSENTIAL FOR THEIR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE OPPORTUNITY TO EXPERIENCE LIFE ON A COLLEGE CAMPUS, DEVELOP ESSENTIAL LEADERSHIP SKILLS, AND EXPLORE A FUTURE CAREER THROUGH EXCITING SIMULATIONS, EXCLUSIVE SITE VISITS AND INTERACTIVE MEETINGS WITH RENOWNED LEADERS IN THEIR CHOSEN FIELD.
THE FOUNDATION AWARDS GRANTS TO PUBLICLY SUPPORTED CHARITABLE AND EDUCATIONAL I.R.C. SECTION 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR MISSION.
THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS WHO ARE ALUMNI OF NSLF PROGRAMS AND ARE ALSO INCOMING FRESHMEN TO A UNIVERSITY THAT SPONSORS NSLF PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Adams Chairman | OfficerTrustee | 0.3 | $0 |
Michael Bennett Secretary | OfficerTrustee | 0.3 | $0 |
Stephen Mcgue Treasurer | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Future Leaders Of America Inc Management Fee | 12/30/19 | $5,437,800 |
American University Hosting Camps | 12/30/19 | $2,571,093 |
American Express Programming Fees | 12/30/19 | $2,316,109 |
Yale Conferences & Events Hosting Camps | 12/30/19 | $1,878,276 |
Stm Driven Busing | 12/30/19 | $1,159,643 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $29,963,469 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,963,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,811 |
| Grants and other assistance to domestic individuals. | $240,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,730,115 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,550,281 |
| Advertising and promotion | $233,851 |
| Office expenses | $3,239,526 |
| Information technology | $0 |
| Royalties | $5,543,177 |
| Occupancy | $6,159,581 |
| Travel | $739,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $29,583,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,342 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $380,342 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $380,342 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $380,342 |
Grants Awarded
Over the last fiscal year, Future Leaders Of Americafoundation Inc has awarded $225,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN INITIATIVES INC PURPOSE: GENERAL PROGRAM SUPPORT | $10,000 |
THE GLOBAL HEALTH INITIATIVE - NORTHWESTERN UNIVERSITY MEDICAL SCHOOL PURPOSE: GENERAL PROGRAM SUPPORT | $200,000 |
THE VALLEY HOSPITAL FOUNDATION INC PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
STATE UNIVERSITY OF IOWA FOUNDATION PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: GENERAL PROGRAM SUPPORT | $5,000 |