Westside Future Fund
- Assets
- $77.6m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Atlanta, GA
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-3015082
Organization Overview
Westside Future Fund is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Westside Future Fund employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westside Future Fund 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, Westside Future Fund generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $9.9m during the year ending 12/2023. While expenses have increased by 22.5% 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.
Since 2017, Westside Future Fund has awarded 66 individual grants totaling $11,807,911. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE A COMPASSIONATE APPROACH TO NEIGHBORHOOD REVITALIZATION THAT CREATES A DIVERSE, MIXED-INCOME COMMUNITY, IMPROVES THE QUALITY OF LIFE FOR CURRENT AND FUTURE RESIDENTS AND ELEVATES THE HISTORIC WESTSIDE'S UNIQUE HISTORY AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEY RESEARCH INDICATES THAT THRIVING COMMUNITIES EXCEL ALONG SEVEN DIMENSIONS. OUR WORK IS FOCUSED ON FOUR: QUALITY MIXED-USE HOUSING AND INCOME, SAFETY AND SECURITY, CRADLE TO CAREER EDUCATION, AND COMMUNITY HEALTH AND WELLNESS.MIXED-INCOME COMMUNITIES: THE WESTSIDE'S NEIGHBORHOODS' RICH HISTORY LIVES WITHIN ITS RESIDENTS. TO RESTORE THE STRENGTH OF THESE HISTORIC NEIGHBORHOODS, WE MUST ENSURE THAT CURRENT RESIDENTS ARE ABLE TO STAY HERE FOR GENERATIONS TO COME. THIS WILL BE POSSIBLE THROUGH QUALITY MIXED-INCOME HOUSING, WHICH HELPS TO SUPPORT FAMILIES, NURTURE COMMUNITY, STIMULATE LOCAL BUSINESSES AND ATTRACT NEW RESIDENTS.
CRADLE TO CAREER EDUCATION: TO TRULY TRANSFORM THE WESTSIDE NEIGHBORHOODS AND ENSURE ATLANTA REMAINS COMPETITIVE AS A SOURCE OF TALENT FOR YEARS TO COME, WE MUST PREPARE THE NEXT GENERATION OF ATLANTANS FOR A BRIGHTER FUTURE THAT ALL STARTS WITH ACCESS TO HIGH-QUALITY EDUCATION AS WELL AS SUPPORT FOR CURRENT RESIDENTS THROUGH SERVICES SUCH AS SKILLS ASSESSMENTS, TRAINING AND JOB READINESS PREPARATION. TO ENSURE THAT EACH CHILD BENEFITS FROM CRADLE-TO-CAREER EDUCATION, WE HAVE PARTNERED WITH HOLLIS ACADEMY, AN ATLANTA PUBLIC SCHOOL, TO DOUBLE THE NUMBER OF TEACHERS IN ITS STEM FOCUSED CURRICULUM.
SAFETY & SECURITY: A STRONG COMMUNITY STARTS WITH RESIDENTS FEELING SAFE. NEIGHBORHOODS THRIVE WHEN RESIDENTS CAN WALK TO SCHOOL, WORK, PARKS OR STORES AND WHEN THEY KNOW AND TRUST THOSE WHO PROTECT AND SERVE THEM.COMMUNITY HEALTH & WELLNESS: THE CONNECTION BETWEEN A COMMUNITY'S ECONOMIC HEALTH AND THE HEALTH OF ITS RESIDENTS HAS BEEN PROVEN TIME AND TIME AGAIN. BY PROVIDING ACCESS TO WELLNESS FACILITIES AND QUALITY PARKS AND GREENSPACE IN WESTSIDE NEIGHBORHOODS, RESIDENTS CAN GET AND STAY HEALTHIER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Dallas Smith Chair | OfficerTrustee | 2 | $0 |
Peter Muniz Co-Vice-Chair | OfficerTrustee | 2 | $0 |
Sylvia Russell Co-Vice-Chair | OfficerTrustee | 2 | $0 |
Lea Kuschel Treasurer | OfficerTrustee | 2 | $0 |
Rodney Bullard Secretary | OfficerTrustee | 2 | $0 |
Kenneth Alexander Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oaksatl Community Development Inc Development Services | 12/30/23 | $3,095,878 |
Djr Construction Group Construction | 12/30/23 | $864,805 |
Lang Enterprises Ltd Co Construction | 12/30/23 | $1,341,768 |
Taylormade Property Management Property Management | 12/30/23 | $570,608 |
Atlanta Habitat For Humanity Construction | 12/30/23 | $542,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $157,375 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,496,873 |
| Noncash contributions included in lines 1a–1f | $45,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,654,248 |
| Total Program Service Revenue | $1,641,053 |
| Investment income | $75,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,352 |
| Net Income from Fundraising Events | -$119,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,477,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,307,630 |
| 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. | $872,510 |
| Compensation of current officers, directors, key employees. | $316,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,443 |
| Pension plan accruals and contributions | $8,549 |
| Other employee benefits | $68,961 |
| Payroll taxes | $92,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $239,671 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,052,003 |
| Advertising and promotion | $222,521 |
| Office expenses | $132,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,152,997 |
| Travel | $27,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,735 |
| Interest | $954,948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921,005 |
| Insurance | $402,346 |
| All other expenses | $0 |
| Total functional expenses | $9,907,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,360,364 |
| Savings and temporary cash investments | $5,659,402 |
| Pledges and grants receivable | $5,957,526 |
| Accounts receivable, net | $156,441 |
| 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 | $297,475 |
| Net Land, buildings, and equipment | $56,512,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,616,322 |
| Intangible assets | $0 |
| Other assets | $65,301 |
| Total assets | $77,625,307 |
| Accounts payable and accrued expenses | $1,334,227 |
| Grants payable | $0 |
| Deferred revenue | $23,246 |
| 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 | $40,996,596 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,236 |
| Total liabilities | $42,442,305 |
| Net assets without donor restrictions | $20,912,581 |
| Net assets with donor restrictions | $14,270,421 |
| 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 | $77,625,307 |
Grants Awarded
Over the last fiscal year, Westside Future Fund has awarded $785,808 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANTIOCH URBAN MINISTRIES PURPOSE: COMMUNITY OUTREACH | $7,500 |
ATLANTA AREA COUNCIL BSA PURPOSE: GENERAL SUPPORT | $15,000 |
ATLANTA NEIGHBORHOOD DEVELOPMENT PARTNERSHIP PURPOSE: HOUSING | $110,000 |
BOOKER T WASHINGTON HIGH SCHOOL PURPOSE: EDUCATION/SUPPORT OF SCHOOLS | $150,000 |
GEORGIA INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATION/SUPPORT OF SCHOOLS | $50,000 |
HERMAN J RUSSELL WEST END ACADEMY PURPOSE: EDUCATION/SUPPORT OF SCHOOLS | $100,000 |