Funding The Future is located in Cheyenne, WY. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Funding The Future employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Funding The Future 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, Funding The Future generated $290.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $425.1k during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MUSICIANS TEACH FINANCIAL PRINCIPLES TO STUDENTS THROUGH UNIQUE, LIVE MUSICAL PERFORMANCES NATIONWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, FUNDING THE FUTURE DELIVERED OUR PROGRAM TO OVER 34,200 STUDENTS IN 71 SCHOOLS ACROSS 21 STATES. STUDENT DEMOGRAPHICS CONSISTED OF 47.34% WHITE, 23.61% BLACK, 22.11% HISPANIC, 2.45% ASIAN, 1.31% AMERICAN INDIAN OR ALASKA NATIVE, .10% NATIVE HAWAIIAN OR PACIFIC ISLANDER, AND 3.08% TWO OR MORE RACES. OF THE 71 SCHOOLS VISITED, 38% WERE FREE & REDUCED LUNCH ELIGIBLE. DURING OUR SHOWS, STUDENTS WERE ENCOURAGED TO ASK QUESTIONS AND PARTICIPATE IN THE PROGRAM. STUDENTS ASKED GREAT QUESTIONS ABOUT THE IMPORTANCE OF SAVING, HANDLING CREDIT, WATCHING FOR CREDIT PITFALLS, AVOIDING PAYDAY LENDERS, AND INVESTING. WE ALSO SHARE WITH SCHOOL STAFF OUR CURRICULUM PACKET, WHICH PROVIDES THEM WITH BEFORE AND AFTER THE SHOW ACTIVITIES TO FURTHER ENGAGE THE STUDENTS. THE CURRICULUM IS REVIEWED EACH SEMESTER, AND UPDATED REGULARLY, TO REFLECT ANY CHANGES TO THE NATIONAL STANDARDS FOR PERSONAL FINANCIAL EDUCATION CREATED BY THE COUNCIL FOR ECONOMIC EDUCATION (CEE) AND THE JUMP$TART COALITION FOR PERSONAL FINANCIAL LITERACY (JUMP$TART). THE MUSICIANS ARE ALSO CONSTANTLY REFINING THEIR MESSAGE, ITS DELIVERY, AND THEIR INTERACTIONS WITH THE STUDENTS BASED ON THEIR OBSERVATIONS FROM THE SHOWS AND THE FEEDBACK FROM THE STUDENTS AND SCHOOL STAFF. AFTER A SHOW, STUDENTS AND SCHOOL STAFF ARE ASKED TO COMPLETE A POST SHOW SURVEY. FOR SCHOOL STAFF, THEY WERE ASKED, ON A SCALE OF 1-10, THEIR THOUGHTS ON THE MUSICAL AND FINANCIAL LITERACY PORTIONS OF THE SHOW AS WELL AS IF THE SHOW MET THEIR EXPECTATIONS. THE AVERAGE FOR ALL THREE QUESTIONS IN 2023 WAS 9.017. IN TERMS OF THE STUDENT SURVEY, USING A SCALE OF 1-5, STUDENTS WERE ASKED THE SAME QUESTIONS AS THE SCHOOL STAFF, WHICH AVERAGED AROUND 4.21. ADDITIONALLY, STUDENTS WERE ASKED ABOUT THEIR KNOWLEDGE OF FINANCIAL LITERACY BEFORE AND AFTER THE SHOW. RESPONSES WERE 3.35 FOR PRIOR KNOWLEDGE AND JUMPED TO 4.22 AFTER THE SHOW. A FINAL QUESTION WAS HOW LIKELY THEY WERE TO TAKE AN ACTION STEP TO IMPROVE THEIR FINANCIAL FUTURE AND THE AVERAGE RESPONSE WAS 4.19. AS AN INCENTIVE FOR STUDENTS TO COMPLETE THE SURVEY, STUDENTS WERE ABLE TO DOWNLOAD FREE MUSIC FROM THE MUSICIAN. STUDENTS AND SCHOOL STAFF WERE ALSO DIRECTED TO OUR TOOLKIT PAGE ON OUR WEBSITE FOR ADDITIONAL RESOURCES AFTER COMPLETING THE SURVEYS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Derek D'angelo President | OfficerTrustee | 3 | $0 |
Margaret Dixon Vice President | OfficerTrustee | 3 | $0 |
Brian Paden Treasurer | OfficerTrustee | 3 | $0 |
Lydia Hamilton Secretary | OfficerTrustee | 3 | $0 |
Colleen Schon Director | Trustee | 1 | $0 |
Bethany Blair Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Warren Carter Hulsey Musician | 12/30/23 | $141,000 |
Gooding Llc Musician | 12/30/23 | $123,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $59,474 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $19,011 |
All other contributions, gifts, grants, and similar amounts not included above | $212,208 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $290,693 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $290,693 |
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. | $68,642 |
Compensation of current officers, directors, key employees. | $10,298 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $65,520 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,264 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,095 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10 |
Advertising and promotion | $12,400 |
Office expenses | $0 |
Information technology | $3,401 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,761 |
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 | $0 |
Insurance | $854 |
All other expenses | $755 |
Total functional expenses | $425,130 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $18,024 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $18,024 |
Accounts payable and accrued expenses | $4,951 |
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 | $4,951 |
Net assets without donor restrictions | -$2,255 |
Net assets with donor restrictions | $15,328 |
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 | $18,024 |