Future Link Inc
- Assets
- $941.9k
- Revenue
- $957.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Rockville, MD
- Founding
- 06/2008
- Data as of
- 06/2023
- 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 06/2023, Future Link Inc employed 6 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 06/2023, Future Link Inc generated $957.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $641.9k during the year ending 06/2023. While expenses have increased by 15.2% per year over the past 3 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindi Jacobson Executive Dir. | Officer | 40 | $104,398 |
Marc Bastow Director | Trustee | 1.5 | $0 |
Delight Dzansi Director | Trustee | 1.5 | $0 |
Carlos Lugo Director | Trustee | 1.5 | $0 |
Jeff Miller Director | Trustee | 1.5 | $0 |
George Quinn Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $872,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $944,274 |
| Total Program Service Revenue | $0 |
| Investment income | $12,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $957,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $92,978 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,520 |
| Compensation of current officers, directors, key employees. | $11,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,652 |
| Advertising and promotion | $0 |
| Office expenses | $17,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,537 |
| Travel | $0 |
| 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 | $1,608 |
| All other expenses | $0 |
| Total functional expenses | $641,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,121 |
| Savings and temporary cash investments | $528,205 |
| Pledges and grants receivable | $127,160 |
| 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 | $5,457 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,918 |
| Total assets | $941,861 |
| Accounts payable and accrued expenses | $2,337 |
| 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 | $74,639 |
| Total liabilities | $76,976 |
| Net assets without donor restrictions | $584,000 |
| Net assets with donor restrictions | $280,885 |
| 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 | $941,861 |