Saginaw Future Inc
- Assets
- $1.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Saginaw, MI
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 38-3021995
Organization Overview
Saginaw Future Inc is located in Saginaw, MI. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Saginaw Future Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saginaw Future 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, Saginaw Future Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 17.8% 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
TO INCREASE ECONOMIC OPPORTUNITY IN SAGINAW COUNTY ENSURING LONG TERM GROWTH AND PROSPERITY BY FOSTERING INVESTMENT PRIMARILY IN ADVANCED MANUFACTURING, MEDICAL TECHNOLOGY, RENEWABLE ENERGY, HIGH TECH INDUSTRIES, AND PROFESSIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPARTMENT OF DEFENSE PROCUREMENT TECHNOLOGY ASSISTANCE
CORONAVIRUS RELIEF FUNDS PASSED THROUGH TO LOCAL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Crary President | Officer | 40 | $255,802 |
Seth Perigo Secretary/tr | OfficerTrustee | 1 | $0 |
Mark Thompson Past Chair | OfficerTrustee | 1 | $0 |
Phil Dembowski Vice Chair | OfficerTrustee | 1 | $0 |
Kelley Peatross Ph D Chair | OfficerTrustee | 1 | $0 |
Veronica Horn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,677,875 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,238 |
| Noncash contributions included in lines 1a–1f | $150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,882,113 |
| Total Program Service Revenue | $58,569 |
| Investment income | $659 |
| 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 | $2,941,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,014,782 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $255,802 |
| Other salaries and wages | $628,205 |
| Pension plan accruals and contributions | $68,849 |
| Other employee benefits | $115,954 |
| Payroll taxes | $58,795 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,343 |
| Advertising and promotion | $53,695 |
| Office expenses | $106,174 |
| Information technology | $4,993 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,423 |
| 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 | $2,125 |
| Insurance | $4,109 |
| All other expenses | $0 |
| Total functional expenses | $3,389,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,789 |
| Savings and temporary cash investments | $598,611 |
| Pledges and grants receivable | $493,041 |
| Accounts receivable, net | $58,782 |
| 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 | $32,606 |
| Net Land, buildings, and equipment | $8,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,021 |
| Total assets | $1,790,398 |
| Accounts payable and accrued expenses | $64,800 |
| 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 | $64,800 |
| Net assets without donor restrictions | $1,209,864 |
| Net assets with donor restrictions | $515,734 |
| 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 | $1,790,398 |
Grants Awarded
Over the last fiscal year, Saginaw Future Inc has awarded $2,014,782 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS | | | $1,950,000 |
VARIOUS | | | $64,782 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Saginaw Future Inc has recieved totaling $80,053.
| Awarding Organization | Amount |
|---|---|
Arnold & Gertrude Boutell Memorial Fund Ta 1908-00 Columbus, OH PURPOSE: GENERAL SUPPORT | $50,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: SAGINAW FUTURE CAMPAIGN CONTRIBUTION - 2021 | $25,000 |
Bierlein Companies Foundation Midland, MI PURPOSE: GENERAL USE | $4,000 |
Wallace And Irene Bronner Family Charitable Foundation Frankenmuth, MI PURPOSE: GENERAL UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Accelerate Great Schools Cincinnati, OH | $48,959,993 | $4,700,984 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Chippewa Luce Macinac Comm Action Human Resource Auth Inc Sault Ste Marie, MI | $6,136,968 | $10,393,284 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Lansing Christian School Lansing, MI | $7,908,099 | $6,549,219 |
Alliance Community Schools Inc Dayton, OH | $2,196,262 | $6,414,023 |
Jewish Community Center Association Of Indianapolis Incorporated Indianapolis, IN | $4,270,447 | $7,644,985 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Dugger Union Community Schools Dugger, IN | $4,720,303 | $6,347,033 |