Future Of School Inc
- Assets
- $472.1k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Castle Rock, CO
- Founding
- Data as of
- 06/2022
- EIN
- 47-3986046
Organization Overview
Future Of School Inc is located in Castle Rock, CO. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Of School Inc 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 Of School Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS TUITION-BASED SCHOLARSHIPS TO STUDENTS GRADUATING FROM ACCREDITED HIGH SCHOOL PROGRAMS GOING ON TO A VARIETY OF HIGHER-ED SCHOOLS IN THE US.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
THE ORGANIZATION MADE CHARITABLE DONATIONS TO UKRAINIAN REFUGEE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Gifford Director | 5 | $0 | |
Rod Paige Director | 3 | $0 | |
Linda Lopez Treasurer | 5 | $0 | |
Kevin Chavous Director | 10 | $0 | |
Wayne Lewis Director | 5 | $0 | |
Robyn Bagley Secretary | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delivering Impact | 6/29/22 | $88,975 |
Paraphrase Communications | 6/29/22 | $71,500 |
September Strategies | 6/29/22 | $57,000 |
Evergreen Foundation | 6/29/22 | $71,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,259,964 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,259,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $210,675 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,297 |
| Depreciation | $0 |
| Occupancy | $13,252 |
| Travel, conferences, and meetings | $55,927 |
| Printing and publications | $4,961 |
| Other expenses | $204,757 |
| Total operating and administrative expenses | $976,108 |
| Contributions, gifts, grants paid | $285,782 |
| Total expenses and disbursements | $1,261,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,007 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,104 |
| Total assets | $472,111 |
| Accounts payable and accrued expenses | $1,451 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,451 |
Grants Awarded
Over the last fiscal year, Future Of School Inc has awarded $285,782 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NONCASH DONATIONS TO UKRAINIAN REFU PURPOSE: NONCASH DONATIONS TO UKRAINING REFUGEE STUDENTS | $20,079 |
BENEVOLENT ASSISTANCE TO INDIGENT I PURPOSE: BENEVOLENT ASSISTANCE TO INDIGENT INDIVIDUALS | $1,500 |
SCHOLARSHIP AMERICA PURPOSE: DISTRIBUTION OF TEACHER AND STUDENT SCHOLARSHIPS AND GRANTS. | $244,203 |
MORNINGSIDE UNIVERSITY PURPOSE: SCHOLARSHIP FOR STUDENT | $10,000 |
NEBRASKA WESTERN UNIVERSITY PURPOSE: SCHOLARSHIP FOR STUDENT | $10,000 |