Futures Inc
- Assets
- $2.8m
- Revenue
- $883.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Daytona Beach, FL
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 59-2560862
Organization Overview
Futures Inc, operating under the name Futures Fd For Volusia Cty Schools, is located in Daytona Beach, FL. The organization was established in 2005. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Futures Fd For Volusia Cty Schools employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Futures Fd For Volusia Cty Schools 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, Futures Fd For Volusia Cty Schools generated $883.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $858.2k during the year ending 06/2022. While expenses have increased by 3.5% 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.
Since 2015, Futures Fd For Volusia Cty Schools has awarded 31 individual grants totaling $2,747,416. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: "WE ENGAGE BUSINESS AND CIVIC LEADERS TO PROMOTE AND ACHIEVE EDUCATIONAL EXCELLENCE FOR VOLUSIA COUNTY PUBLIC SCHOOLS." VISION: "ALL VOLUSIA COUNTY PUBLIC SCHOOL STUDENTS ARE EQUIPPED AND PREPARED FOR COLLEGE OR CAREER SUCCESS."
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUTURES,INC. IS COMMITTED TO PROVIDING CONTINUED FINANCIAL SUPPORT TO QUALIFYING AND INDIVIDUAL VOLUSIA SCHOOL DISTRICT EMPLOYED TEACHERS THROUGH THE AWARDING OF MINI-GRANTS TO THEIR SCHOOLS WHICH ARE TO BE USED FOR VARIOUS CLASSROOM PROJECTS.
FUTURES,INC. IS COMMITTED TO DEVELOPING PROGRAMS THAT GENERATE COMMUNITY SUPPORT FOR THE FUNDING OF SCHOLARSHIPS FOR VOLUSIA COUNTY PUBLIC SCHOOL STUDENTS IN AN EFFORT TO REDIRECT THEIR LIVES AND ENHANCE THEIR CAREER GOALS. IT ALSO IS COMMITTED TO THE FUNDING OF SCHOOL GRANTS FOR PROJECTS RELATING TO LOW PERFORMING STUDENTS AND IMPROVING LITERACY AS WELL AS TEACHER MINI-GRANTS FOR CLASSROOM/SCHOOL PROJECTS. SCHOOL DISTRICT EDUCATION FOUNDATION MATCHING GRANT FUNDING AS WELL AS COMMUNITY AND CORPORATE SUPPORT ARE USED TO FUND THESE PROGRAMS. THE STUDENT PREPAID SCHOLARSHIPS FOR TAKE STOCK IN CHILDREN ARE PURCHASED BY THE ORGANIZATION FROM THE FLORIDA PREPAID COLLEGE FOUNDATION THROUGH A COMBINATION OF DIRECT MEMBER, LOCAL BUSINESS AND COMMUNITY ORGANIZATION SOURCES.
AT VARIOUS RECOGNITION EVENTS, FUTURES, INC. HONORS AND RECOGNIZES THE OUTSTANDING ACCOMPLISHMENTS OF DISTRICT STUDENTS AND TEACHERS. STUDENT PROGRAMS INCLUDE TOMORROW'S LEADERS FOR HIGH SCHOOL JUNIORS AND THE TURN AROUND PROGRAM FOR MIDDLE AND HIGH SCHOOL STUDENTS. IN ADDITION, MANY STAFF RECOGNITION PROGRAMS ARE IN PLACE, INCLUDING NEW TEACHER PRE-SERVICE EVENTS; PRINCIPAL OF THE YEAR AWARDS; SUPERINTENDENTS'S OUTSTANDING ACHIEVEMENT AWARDS; TEACHER OF THE YEAR AWARDS; AND FIRST YEAR TEACHER AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Domayer CPA Treasurer | OfficerTrustee | $0 | |
Amy Engel Secretary | OfficerTrustee | $0 | |
Jessica Eckelbarger Vice Preside | OfficerTrustee | $0 | |
Robert Ludlow Jr President | OfficerTrustee | $0 | |
Cynthia Ramirez Executive Di | OfficerTrustee | $0 | |
Heather Bond Vargas President-El | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,296 |
| Fundraising events | $199,500 |
| Related organizations | $0 |
| Government grants | $232,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $978,181 |
| Total Program Service Revenue | $0 |
| Investment income | -$155,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $883,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,153 |
| Grants and other assistance to domestic individuals. | $66,851 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $271,422 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,100 |
| Fees for services: Other | $76,002 |
| Advertising and promotion | $0 |
| Office expenses | $30,787 |
| Information technology | $4,983 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $784 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,709 |
| All other expenses | $1,698 |
| Total functional expenses | $858,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669,323 |
| Savings and temporary cash investments | $258,096 |
| Pledges and grants receivable | $19,682 |
| Accounts receivable, net | $500 |
| 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 | $1,178,498 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $615,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,954 |
| Total assets | $2,752,805 |
| Accounts payable and accrued expenses | $199,281 |
| Grants payable | $0 |
| Deferred revenue | $53,000 |
| 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 | $252,281 |
| Net assets without donor restrictions | $955,521 |
| Net assets with donor restrictions | $1,545,003 |
| 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 | $2,752,805 |
Grants Awarded
Over the last fiscal year, Futures Inc has awarded $350,153 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VOLUSIA COUNTY DISTRICT SCHOOL BOAR PURPOSE: STATE MATCHING | $94,373 |
VOLUSIA COUNTY DISTRICT SCHOOL BOAR PURPOSE: MINI-GRANTS & AWARDS | $88,483 |
VOLUSIA COUNTY DISTRICT SCHOOL BOAR PURPOSE: PASS-THRU GRANT | $86,925 |
VOLUSIA COUNTY DISTRICT SCHOOL BOAR PURPOSE: SCHOOL MATCHING GRAN | $80,372 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Futures Inc has recieved totaling $287,506.
| Awarding Organization | Amount |
|---|---|
Paul B Hunter & Constance D Hunter Charitable Foundation Inc Ormond Beach, FL PURPOSE: CHILDREN'S PUBLIC EDUCATION | $77,000 |
Tsic Inc Fort Lauderdale, FL PURPOSE: MENTORING | $74,427 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,076 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $25,000 |
Motorsports Charities Inc Daytona Beach, FL PURPOSE: PROGRAM SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $19,356 |
Endowment Analysis
| Beg. Balance | $1,479,694 |
| Earnings | -$113,540 |
| Net Contributions | $522,582 |
| Other Expense | $282,371 |
| Grants | $61,362 |
| Ending Balance | $1,545,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |