Future School
- Assets
- $1.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 07/2015
- Data as of
- 06/2021
- EIN
- 47-3952660
Organization Overview
Future School is located in Fort Smith, AR. The organization was established in 2015. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future School 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 06/2021, Future School generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 31.8% per year over the past 5 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
THE SCHOOL PROVIDES A PERSONALIZED APPROACH TO LEARNING VIA STUDENT-DESIGNED INTERNSHIPS AND PERSONALIZED LEARNING PLANS. SERVING GRADES 10-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Boyd Logan Superintendent | Officer | 40 | $0 |
Brandon Cox Board Member | Trustee | 1 | $0 |
Crystal Lougin Board Member | Trustee | 1 | $0 |
Steve Clark Board Member | Trustee | 1 | $0 |
Jason Green Board Member | Trustee | 1 | $0 |
Jackie Flake Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,181,991 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,160,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,342,651 |
| Total Program Service Revenue | $34,669 |
| Investment income | $11,743 |
| 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 | $4,389,063 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,116,256 |
| Pension plan accruals and contributions | $180,707 |
| Other employee benefits | $60,378 |
| Payroll taxes | $91,477 |
| Fees for services: Management | $78,827 |
| Fees for services: Legal | $565 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,335 |
| Office expenses | $13,097 |
| Information technology | $219,442 |
| Royalties | $0 |
| Occupancy | $2,180,011 |
| Travel | $3,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,440 |
| All other expenses | $0 |
| Total functional expenses | $4,415,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,389,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,176 |
| 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 | $1,489,476 |
| Accounts payable and accrued expenses | $24,684 |
| 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 | $24,684 |
| Net assets without donor restrictions | $1,333,243 |
| Net assets with donor restrictions | $131,549 |
| 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 | $1,489,476 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Future School has recieved totaling $91.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Thaden School Bentonville, AR | $79,028,915 | $15,891,102 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
Academics Plus Charter Schools Inc Maumelle, AR | $7,409,476 | $15,799,644 |
Marine Military Academy Inc Harlingen, TX | $47,303,872 | $14,319,783 |
Webb School Bell Buckle, TN | $70,401,090 | $18,551,010 |
South Texas Educational Technologies Inc Weslaco, TX | $17,267,724 | $15,758,985 |
Akibayavneh Academy Dallas, TX | $13,685,007 | $15,057,848 |
Student Alternatives Program Incorporated San Antonio, TX | $19,593,024 | $15,118,019 |
University School Of Jackson Jackson, TN | $24,986,142 | $15,584,581 |
Braination Inc San Antonio, TX | $31,349,196 | $17,109,722 |
The Academy Fayetteville, AR | $10,084,024 | $11,745,768 |