Future Generation Project
- Assets
- $19.9k
- Revenue
- $3.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodinville, WA
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-2877690
Organization Overview
Future Generation Project is located in Woodinville, WA. The organization was established in 2011. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Generation Project 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, Future Generation Project generated $3.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (39.7%) each year. All expenses for the organization totaled $70.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
IN 2022 FUTURE GENERATION PROJECT OFFERED GEN FIT LIFE PROGRAM FOR FREE FOR OVER 200 FAMILIES. GEN FIT LIFE PROGRAM IS A FREE 8-WEEK FITNES AND NUTRITION PROGRAM PLUS FREE MEMBERSHIP TO PURE FITNESS HEALTH CLUB. IT FOCUSED ON CHILDREN 8 TO 18 WHO ARE OBESE OR ARE THREATENED WITH OBESITY, WITH ONE-HOUR CLASSES THAT MEET 3 TIMES A WEEK, VALUED AT $2,000 PER PARTICIPANT. THIS CHARITABLE ACTIVITY VALUE IS ESTIMATED TO BE ABOUT $31700 IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Stearns Director | 0 | $0 | |
Neil Schober Director | 0 | $0 | |
Jason Michalski President | 0 | $0 | |
Rachael Michalski Vice President | 40 | $60,000 | |
James Farris Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,335 |
| Capital Gain Net Income | $3,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,643 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,630 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $665 |
| Total operating and administrative expenses | $70,580 |
| Contributions, gifts, grants paid | $75 |
| Total expenses and disbursements | $70,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,868 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,868 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |