Future Link Inc
- Assets
- $575.5k
- Revenue
- $604.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Rockville, MD
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 26-2546011
Organization Overview
Future Link Inc is located in Rockville, MD. The organization was established in 2008. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2022, Future Link Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Link Inc 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 06/2022, Future Link Inc generated $604.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $502.2k during the year ending 06/2022. While expenses have increased by 18.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CLOSE THE OPPORTUNITY DIVIDE IN MONTGOMERY COUNTY BY PROVIDING LOW-INCOME, FIRST-GENERATION-TO-COLLEGE YOUNG ADULTS WITH THE TOOLS, SKILLS AND RESOURCES TO ACHIEVE LASTING ECONOMIC SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM ENTRY POINT, THE 15-WEEK SELF-ADVOCACY SKILLS AND CAREER DEVELOPMENT SEMINAR, OFFERS CAREER EXPLORATION, RESUME AND INTERVIEWING SKILLS, PROBLEM SOLVING AND TIME MANAGEMENT. POST-SEMINAR SERVICES INCLUDE MENTORING, CAREER COACHING, TUTORING, SCHOLARSHIPS, INTERNSHIPS, AND ACADEMIC ADVISING. APPROXIMATELY 300 STUDENTS ARE SERVED INDIVIDUALLY AND INTENSIVELY EACH YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindi Jacobson Executive Director | Officer | 40 | $87,600 |
Leigh Henry Past President | OfficerTrustee | 4 | $0 |
Ken Weiner Past President | OfficerTrustee | 5 | $0 |
Max Shevitz President | OfficerTrustee | 6 | $0 |
Marilyn Balcombe Vice President | OfficerTrustee | 2.5 | $0 |
Tonya Mason Secretary | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $537,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,035 |
| Total Program Service Revenue | $0 |
| Investment income | $43 |
| 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 | $604,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $77,733 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,100 |
| Compensation of current officers, directors, key employees. | $9,310 |
| Compensation to disqualified persons | $175,246 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,493 |
| Payroll taxes | $22,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,926 |
| Advertising and promotion | $0 |
| Office expenses | $20,685 |
| Information technology | $9,163 |
| Royalties | $0 |
| Occupancy | $47,231 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,440 |
| All other expenses | $0 |
| Total functional expenses | $502,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,041 |
| Savings and temporary cash investments | $463,962 |
| Pledges and grants receivable | $8,012 |
| 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 | $4,448 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,996 |
| Total assets | $575,459 |
| Accounts payable and accrued expenses | $11,230 |
| 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 | $14,983 |
| Total liabilities | $26,213 |
| Net assets without donor restrictions | $501,018 |
| Net assets with donor restrictions | $48,228 |
| 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 | $575,459 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Future Link Inc has recieved totaling $290,328.
| Awarding Organization | Amount |
|---|---|
The Ceres Foundation Inc 43j-74d54 Groton, MA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Bender Foundation Inc Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $95,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $69,750 |
Mead Family Foundation Bethesda, MD PURPOSE: COV-19 CAREER COACHING PROGRAM AND MENTAL HEALTH | $10,000 |
Jack R Anderson Foundation Inc Annandale, VA PURPOSE: OPERATIONS | $10,000 |
Crowell & Moring Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Montgomery County Coalition For The Homeless Inc Rockville, MD | $3,846,853 | $18,504,232 |
Merakey New Jersey Inc Lafayette Hill, PA | $3,333,906 | $18,038,178 |
St Edmonds Home For Crippled Children Philadelphia, PA | $49,721,966 | $18,318,758 |
National Council Of Urban Indian Health Washington, DC | $1,404,220 | $8,677,340 |
Newlands Health Philadelphia, PA | $1,159,090 | $8,229,782 |
Transitional Services Inc Homestead, PA | $10,014,611 | $8,842,162 |
Nuestros Pequenos Hermanosinternational Round Hill, VA | $4,147,042 | $6,283,043 |
The Orphanetwork Virginia Beach, VA | $3,197,466 | $6,293,778 |
Emmaus Community Of Pittsburgh Pittsburgh, PA | $6,056,245 | $6,901,501 |
Third Option Foundation Reston, VA | $24,876,503 | $12,300,421 |
Community At Holy Family Manor Inc Pittsburgh, PA | $2,157,302 | $4,230,845 |
All Hazards Consortium Inc Frederick, MD | $860,935 | $3,674,057 |