Futures Foundation
- Assets
- $2.5m
- Revenue
- $147.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Rochester, MI
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 38-3441825
Organization Overview
Futures Foundation is located in Rochester, 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 12/2023, Futures Foundation generated $147.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $304.5k during the year ending 12/2023. 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
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 FOR BASIC NEEDS, SKILL BUILDING OPPORTUNITIES AND/OR EQUIPMENT, TECHNOLOGY ESSENTIAL/EQUIPMENT FOR COMMUNICATION, EDUCATION, EMPLOYMENT; RECREATION AND COMMUNITY PROGRAMS, OTHERWISE UNAVAILABLE OR INACCESSIBLE TO THE CHILD OR ADULT WITH SPECIAL NEEDS. IN SERVICE AND OPPORTUNITY, OVER 4,500 INDIVIDUALS AND FAMILIES HAVE BEEN IMPACTED BY THE FOUNDATION - STABILIZING HOME ENVIRONMENTS, FORSTERING COMMUNITY ENGAGEMENT, PROVIDING OPPORTUNITY AND BUILDING SELF-RELIANCE. IN ADDITION TO DIRECT SERVICE, THE FUTURES FOUNDATION WAS A LEAD PARTNER IN THE LAUNCH OF MICHIGAN'S DIRECT CARE WORK TASK FORCE AND SERVES AS A CONSISTENT VOICE FOR THE CAREGIVING NEEDS OF CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES. IN ADDITION TO WORK WITH THE MICHIGAN DIRECT CARE WORK TASK FORCE, THE FUTURES FOUNDATION IS ALSO A PARTNER MORE BROADLY WIHT THE NATIONALLY KNOWN AND FOCUSED CAREGIVING ENTITIES. SERVICE ON ADVISORY COMMITTEES AND LOOKING SOON TO ACTIVE ENGAGEMENTS IN RESEARCH, TOGETHER, THE FUTURES FOUNDATION AND NATIONAL PARTNERS HAVE A SHARED BELIEF IN GAREGIVER VALUE - INCLUSIVE OF EXPERIENCES, NEEDS, TRAINING, RESOURCES, ETC. AMIDST FAMILY CAREGIVERS AND BEYOND, FOR THOSE WITH A DISABILITY NEEDING CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
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 |
Garry Carley Trustee | Trustee | 1 | $0 |
Luana Floccuzio Trustee | Trustee | 1 | $0 |
Michael Morden Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,141 |
| Total Program Service Revenue | $0 |
| Investment income | $77,132 |
| 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 | $147,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $37,088 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,114 |
| Compensation of current officers, directors, key employees. | $2,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,074 |
| Advertising and promotion | $0 |
| Office expenses | $6,266 |
| 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 | $449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $764 |
| All other expenses | $0 |
| Total functional expenses | $304,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,313 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| 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 | $2,351,080 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,529,643 |
| Accounts payable and accrued expenses | $321,376 |
| 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 | $321,376 |
| Net assets without donor restrictions | $2,096,787 |
| 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 | $2,529,643 |