Creating It Futures Foundation Inc
- Assets
- $7.7m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Downers Grove, IL
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 36-4295421
Organization Overview
Creating It Futures Foundation Inc is located in Downers Grove, IL. The organization was established in 1999. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. As of 12/2021, Creating It Futures Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creating It Futures Foundation 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 12/2021, Creating It Futures Foundation Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATING IT FUTURES FOUNDATION HELPS POPULATIONS THAT ARE UNDER-REPRESENTED (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATING IT FUTURES FOUNDATION PROGRAMS PUT PEOPLE ON A PATH TO A CAREER IN IT, WHETHER WE ARE WORKING WITH UNEMPLOYED ADULTS OR YOUTH. IN 2021 WE DIRECTLY WORKED TO IMPROVE THE LIVES OF MORE THAN 250,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Eaton Ceo, Director | OfficerTrustee | 39 | $373,108 |
Colleen Crino Chief Development Officer | 40 | $271,071 | |
Randi Parker Senior Director, Partner E | 40 | $181,252 | |
Eric Larson Sr. Director It Futures La | 40 | $176,610 | |
Tazneen Kasem Director, Youth Learning P | 40 | $148,238 | |
Amy Fields Director, Techgirlz | 40 | $134,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,500,000 |
| Government grants | $940,861 |
| 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 | $8,440,861 |
| Total Program Service Revenue | $2,865,090 |
| Investment income | $251,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$108,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,530,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,341,496 |
| Compensation of current officers, directors, key employees. | $755,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $743,333 |
| Pension plan accruals and contributions | $266,832 |
| Other employee benefits | $6,424 |
| Payroll taxes | $150,656 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $267,232 |
| Office expenses | $20,223 |
| Information technology | $52,366 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,954 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,670 |
| Insurance | $720 |
| All other expenses | $4,190 |
| Total functional expenses | $5,590,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,325,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $3,160 |
| Net Land, buildings, and equipment | $24,959 |
| Investments—publicly traded securities | $4,257,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,380 |
| Total assets | $7,684,169 |
| Accounts payable and accrued expenses | $27,794 |
| Grants payable | $0 |
| Deferred revenue | $1,071,375 |
| 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 | $330,526 |
| Total liabilities | $1,429,695 |
| Net assets without donor restrictions | $1,734,474 |
| Net assets with donor restrictions | $4,520,000 |
| 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 | $7,684,169 |
Grants Awarded
Over the last fiscal year, Creating It Futures Foundation Inc has awarded $704,817 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: NEXTUP GRANT - FUSE PROGRAM | $345,900 |
Reston, VA PURPOSE: CHARITY DONATION | $250,000 |
TECHGIRLZ PURPOSE: NEXTUP GRANT | $98,535 |
CHICAGO PUBLIC SCHOOLS DISTRICT #299 PURPOSE: CITF DONATION - SUMMER INTERNSHIP PROGRAM | $10,382 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Creating It Futures Foundation Inc has recieved totaling $7,780,995.
| Awarding Organization | Amount |
|---|---|
Computing Technology Industry Association Inc Downers Grove, IL PURPOSE: EDUCATION | $7,500,000 |
Allegis Group Foundation Inc Hanover, MD PURPOSE: GENERAL USE | $275,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,995 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creating It Futures Foundation Inc Downers Grove, IL | $7,684,169 | $11,530,049 |
Indiana Banker Association Indianapolis, IN | $6,046,982 | $2,054,584 |
National Association Of Workforce Development Professionals Inc West Plains, MO | $1,404,345 | $1,257,977 |
Indiana Retired Teachers Association Indianapolis, IN | $2,923,970 | $978,467 |
Executive Women International Oconomowoc, WI | $1,251,946 | $526,367 |
Mechanical Industry Promotion Fund Of Kentucky Louisville, KY | $863,956 | $542,987 |
Society Of Ob-Gyn Hospitalists East Dundee, IL | $528,706 | $489,603 |
Elevate Ccic Inc Mattoon, IL | $134,748 | $283,695 |
West Suburban Association Of Plumbing Contractors Chicago, IL | $33,975 | $211,376 |
Illinois Community Health Workers Association Chicago, IL | $258,779 | $174,459 |
Christian Business Fellowship Elgin, IL | $170,924 | $276,267 |
Greater Englewood Chamber Of Commerce Chicago, IL | $134,064 | $271,540 |