Forsyth Futures
- Assets
- $688.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Winston Salem, NC
- Founding
- 04/1975
- Data as of
- 06/2022
- EIN
- 56-1092807
Organization Overview
Forsyth Futures is located in Winston Salem, NC. The organization was established in 1975. As of 06/2022, Forsyth Futures employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forsyth Futures 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, Forsyth Futures generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $842.1k during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 4 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
FORSYTH FUTURES MISSION IS TO CATALYZE FORSYTH COUNTYS COLLECTIVE PROBLEM-SOLVING CAPACITIES FOR POSITIVE CHANGE BY PROVIDING ACTION-ORIENTED DATA AND REPORTING SERVICES TO FORSYTH COUNTY ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDY THE COMMUNITY TO UNDERSTAND CAUSES OF SYSTEMIC CHALLENGES, COMMUNICATE INSIGHTS TO STAKEHOLDERS AT ALL LEVELS TO INFORM POSITIVE CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Hill Executive Director | Officer | 40 | $81,605 |
Magalie Yacinthe Board Chair | OfficerTrustee | 2 | $0 |
Kevin Goode Vice Chair | OfficerTrustee | 2 | $0 |
Kenneth Lathan Treasurer | OfficerTrustee | 2 | $0 |
Nora Ferrell Secretary | OfficerTrustee | 2 | $0 |
Michael Grace Jr At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $36,400 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $812,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $849,030 |
| Total Program Service Revenue | $207,598 |
| Investment income | $20 |
| 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 | $1,057,648 |
| 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. | $96,773 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,571 |
| Pension plan accruals and contributions | $7,090 |
| Other employee benefits | $14,258 |
| Payroll taxes | $26,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $8,846 |
| Information technology | $8,356 |
| Royalties | $0 |
| Occupancy | $36,889 |
| Travel | $86 |
| 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 | $4,529 |
| Insurance | $3,326 |
| All other expenses | $414 |
| Total functional expenses | $842,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,121 |
| Savings and temporary cash investments | $27,296 |
| Pledges and grants receivable | $85,000 |
| Accounts receivable, net | $81,692 |
| 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 | $4,128 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,345 |
| Total assets | $688,582 |
| Accounts payable and accrued expenses | $41,536 |
| 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 | $41,536 |
| Net assets without donor restrictions | $227,254 |
| Net assets with donor restrictions | $419,792 |
| 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 | $688,582 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of Atlanta Inc Atlanta, GA | $5,629,320 | $7,143,708 |
Make A Difference Ministries Inc Ellijay, GA | $8,048,634 | $2,539,062 |
Ada Jenkins Families And Careers Development Center Inc Davidson, NC | $5,773,460 | $2,447,394 |
Forsyth Futures Winston Salem, NC | $688,582 | $1,057,648 |
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