Future School
- Assets
- $1.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 32
- Location
- Fort Smith, AR
- Founding
- 07/2015
- Data as of
- 06/2022
- 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. As of 06/2022, Future School employed 32 individuals. 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 06/2022, Future School generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 19.3% 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
2022
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
THE SCHOOL PROVIDES A PERSONALIZED APPROACH TO LEARNING VIA STUDENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Clark Board Member | Trustee | 1 | $0 |
Brandon Cox Treasurer | Trustee | 1 | $0 |
Jackie Flake Vice President | Trustee | 1 | $0 |
Susan Pruitt Secretary | Trustee | 1 | $0 |
Crystal Lougin President | Trustee | 1 | $0 |
M Boyd Logan Superintendent | Officer | 40 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,122,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,156,897 |
| Total Program Service Revenue | $119,714 |
| 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 | $3,276,611 |
| 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 | $1,378,000 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $222,683 |
| Other employee benefits | $51,590 |
| Payroll taxes | $110,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,035 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,153 |
| Office expenses | $9,723 |
| Information technology | $192,195 |
| Royalties | $0 |
| Occupancy | $494,304 |
| Travel | $22,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $47,143 |
| All other expenses | $0 |
| Total functional expenses | $3,208,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,427,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $311,758 |
| 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 | $1,739,478 |
| Accounts payable and accrued expenses | $206,305 |
| 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 | $206,305 |
| Net assets without donor restrictions | $1,235,782 |
| Net assets with donor restrictions | $297,391 |
| 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 | $1,739,478 |