Future Roots Inc
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 01/2009
- Data as of
- 12/2023
- EIN
- 51-0665121
Organization Overview
Future Roots Inc, operating under the name Dublab, is located in Los Angeles, CA. The organization was established in 2009. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Dublab employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dublab 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, Dublab generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 21.0% per year over the past 7 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
SINCE 1999, FUTURE ROOTS, INC. REFERRED TO AS DUBLAB HAS BEEN BROADCASTING WIDE-SPECTRUM MUSIC FROM AROUND THE WORLD. OUR PROGRAMMING HAS EXPANDED TO INCLUDE THE PRODUCTION OF ORIGINAL ART CONTINUED ON SCH. O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO BROADCASTING AROUND 140 UNIQUE SHOWS EACH WEEK, DUBLAB ALSO PRODUCES OVER 50 EVENTS WHICH INCLUDES PUBLIC ART EXHIBITIONS, MULTIMEDIA, AND CONCERTS A YEAR IN LOS ANGELES. OUR PROGRAMMING WORKS NOT ONLY TO SHOWCASE INNOVATIVE AND UNIQUE MUSIC, BUT ALSO TO BUILD A STRONG COMMUNITY FOR PEOPLE TO COLLABORATE, SHARE, AND ENJOY THE ART FORM. THERE ARE APPROXIMATELY 600,000 LISTENERS TO OUR BROADCASTS PER MONTH.
INVISIBLE REPUBLIC IS A PROGRAM DEDICATED TO STRENGTHENING ARTS EDUCATION AND VISUAL LITERACY THROUGH BOOK PUBLICATIONS AND EXHIBITIONS, USING A MIX OF PRINT AND DIGITAL MEDIA TO HELP BRING UNDERREPRESENTED VOICES TO THE FORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandro Cohen Director, Secretary/treasurer | OfficerTrustee | 40 | $57,300 |
Mark Mcneill See Sch O Director | Trustee | 4 | $2,290 |
Josh Kun Director | Trustee | 2 | $0 |
Bryan Younce Director, Vice President | OfficerTrustee | 2 | $0 |
Liz Garo Director | Trustee | 2 | $0 |
Sarah Shewey Director, President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,763 |
| Related organizations | $0 |
| Government grants | $239,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $844,524 |
| Total Program Service Revenue | $381,386 |
| Investment income | $10,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,479 |
| Net Income from Fundraising Events | -$5,192 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,227,420 |
| 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. | $57,300 |
| Compensation of current officers, directors, key employees. | $8,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,258 |
| Payroll taxes | $23,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $217 |
| Fees for services: Accounting | $8,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,342 |
| Fees for services: Other | $373,493 |
| Advertising and promotion | $12,629 |
| Office expenses | $49,268 |
| Information technology | $17,317 |
| Royalties | $0 |
| Occupancy | $35,422 |
| Travel | $10,116 |
| 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 | $49,489 |
| Insurance | $9,937 |
| All other expenses | $649 |
| Total functional expenses | $1,008,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,676 |
| Savings and temporary cash investments | $326,930 |
| Pledges and grants receivable | $215,974 |
| Accounts receivable, net | $24,930 |
| 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 | $342,642 |
| Investments—publicly traded securities | $56,507 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,370,659 |
| Accounts payable and accrued expenses | $169 |
| 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 | $169 |
| Net assets without donor restrictions | $1,170,083 |
| Net assets with donor restrictions | $200,407 |
| 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 | $1,370,659 |