Futures Foundation
- Assets
- $2.9m
- Revenue
- $741.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton Township, MI
- Founding
- 08/1999
- Data as of
- 09/2021
- EIN
- 38-3441825
Organization Overview
Futures Foundation is located in Clinton Township, MI. The organization was established in 1999. According to its NTEE Classification (F01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Futures Foundation 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 09/2021, Futures Foundation generated $741.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $457.8k during the year ending 09/2021. While expenses have increased by 9.4% per year over the past 6 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPON FORMAL COMMITTEE REVIEW AND APPROVAL OF GRANT REQUESTS, THE FUTURES FOUNDATION FULFILLS SUCH REQUESTS PRIMARILY FOR BASIC NEEDS (FURNITURE, CLOTHING, HOUSEHOLD ESSENTIALS, ETC.), SKILL BUILDING OPPORTUNITIES AND/OR EQUIPMENT, TECHNOLOGY ESSENTIALS/EQUIPMENT FOR COMMUNICATION, EDUCATION, EMPLOYMENT, RECREATION AND PHYSICAL ACTIVITIES, RESPITE AND COMMUNITY PROGRAMS OTHERWISE UNAVAILABLE OR INACCESSIBLE TO THE CHILD OR ADULT WITH SPECIAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Glazier Executive Director | 40 | $186,063 | |
James Nicholson Chairman Of The Board | OfficerTrustee | 1 | $0 |
Dana Locniskar Secretary Of The Board | OfficerTrustee | 1 | $0 |
Elizabeth Bauer Treasurer Of The Board | OfficerTrustee | 1 | $0 |
Dennis Bott Trustee | Trustee | 1 | $0 |
Garry Carley Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $335,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,502 |
| Total Program Service Revenue | $0 |
| Investment income | $103,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $145,927 |
| Net Income from Fundraising Events | $149,916 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $130,136 |
| 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 | $0 |
| Other salaries and wages | $250,465 |
| Pension plan accruals and contributions | $24,468 |
| Other employee benefits | $0 |
| Payroll taxes | $16,180 |
| 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 | $1,535 |
| Advertising and promotion | $0 |
| Office expenses | $9,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,939 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $457,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,113 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,145 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,518,763 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,885,021 |
| Accounts payable and accrued expenses | $14,628 |
| 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 | $53,309 |
| Total liabilities | $67,937 |
| Net assets without donor restrictions | $2,705,604 |
| Net assets with donor restrictions | $111,480 |
| 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 | $2,885,021 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Futures Foundation has recieved totaling $81,860.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: ASSIST THE NEEDS OF CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES | $25,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $14,750 |
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TRUSTEE DESIGNATED GRANT | $12,500 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $10,000 |
The Robert Thomas Bobins Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $9,610 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Futures Foundation Clinton Township, MI | $2,885,021 | $741,294 |
Artistic Recovery Chesterton, IN | $503,879 | $714,274 |
National Alliance On Mental Illness Of Hancock County Findlay, OH | $129,777 | $317,174 |
Family Voices Of Wisconsin Inc Madison, WI | $188,266 | $271,535 |
Consulting Advocacy Resources Education Inc Alpena, MI | $261,375 | $78,734 |
National Alliance For The Mentally Ill Of Southern Ohio Chillicothe, OH | $67,702 | $0 |
Hope Meadows Foundation Independence, OH | $127,696 | $0 |
Nami Northern Lakes Inc Rhinelander, WI | $133,172 | $0 |
Beehive Alliance Columbud, OH | $85,975 | $0 |
Southwestern Indiana Suicide Prevention Coalition Evansville, IN | $54,176 | $14,652 |
A Beautiful Mind Foundation Macedonia, OH | $0 | $0 |
A Courageous Voice West Bloomfield, MI | $3,157 | $0 |