Forsyth Futures
- Assets
- $473.7k
- Revenue
- $739.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Winston Salem, NC
- Founding
- 04/1975
- Data as of
- 06/2021
- EIN
- 56-1092807
Organization Overview
Forsyth Futures is located in Winston Salem, NC. The organization was established in 1975. As of 06/2021, Forsyth Futures employed 8 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 06/2021, Forsyth Futures generated $739.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $532.5k during the year ending 06/2021. While expenses have increased by 10.9% 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
2021
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 | $75,325 |
Magalie Yacinthe Vice Chair | OfficerTrustee | 1 | $0 |
Nora Ferrell Secretary | OfficerTrustee | 1 | $0 |
Dave Mcintosh Chair | OfficerTrustee | 1 | $0 |
Fanny Stronach Treasurer | OfficerTrustee | 1 | $0 |
Allan Younger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $294,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $481,065 |
| Total Program Service Revenue | $257,204 |
| Investment income | $4 |
| 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 | $739,498 |
| 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. | $85,142 |
| Compensation of current officers, directors, key employees. | $85,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,246 |
| Payroll taxes | $23,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,059 |
| Advertising and promotion | $0 |
| Office expenses | $3,712 |
| Information technology | $784 |
| Royalties | $0 |
| Occupancy | $42,098 |
| Travel | $35 |
| 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 | $4,495 |
| Insurance | $2,634 |
| All other expenses | $7,869 |
| Total functional expenses | $532,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $170,000 |
| Accounts receivable, net | $92,329 |
| 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 | $3,074 |
| Net Land, buildings, and equipment | $8,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,345 |
| Total assets | $473,701 |
| Accounts payable and accrued expenses | $42,176 |
| 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 | $42,176 |
| Net assets without donor restrictions | $431,525 |
| Net assets with donor restrictions | $0 |
| 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 | $473,701 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Forsyth Futures has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES | $85,000 |
Forsyth Memorial Hospital Inc Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of Atlanta Inc Atlanta, GA | $3,938,581 | $6,356,386 |
Make A Difference Ministries Inc Ellijay, GA | $7,533,838 | $2,750,869 |
Ada Jenkins Families And Careers Development Center Inc Davidson, NC | $5,156,453 | $1,947,992 |
Forsyth Futures Winston Salem, NC | $473,701 | $739,498 |
Teens At Work Inc Atlanta, GA | $523,481 | $322,524 |
Neighbors In Ministry Brevard, NC | $490,870 | $413,204 |
Teen Center Inc Knoxville, TN | $594,179 | $68,833 |
Forsyth County Community Connection Inc Cumming, GA | $54,315 | $0 |
Electric Kids Inc Atlanta, GA | $1,152,883 | $24,258 |
Optimist Santa-Pal Club Of Asheville North Carolina Inc Asheville, NC | $177,326 | $0 |
Adopt A School Of Beaufort County Inc St Helena Island, SC | $89,185 | $0 |
Chattanooga Kiwanis Youth Foundation Inc Chattanooga, TN | $184,138 | $0 |