Yerkes Future Foundation Inc
- Assets
- $14.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 28
- Location
- Williams Bay, WI
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 83-0802129
Organization Overview
Yerkes Future Foundation Inc is located in Williams Bay, WI. The organization was established in 2019. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2023, Yerkes Future Foundation Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yerkes Future Foundation 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 12/2023, Yerkes Future Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.6% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. 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
YERKES OBSERVATORY ADVANCES HUMANKIND'S UNDERSTANDING OF THE UNIVERSE AND OUR PLACE WITHIN IT, IGNITING CURIOSITY, FACILITATING EXPLORATION AND NURTURING A DEEP SENSE OF CONNECTION WITH OUR PLANET AND EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YERKES OBSERVATORY ADVANCES HUMANKIND'S UNDERSTANDING OF THE UNIVERSE AND OUR PLACE WITHIN IT, IGNITING CURIOSITY, FACILITATING EXPLORATION AND NURTURING A DEEP SENSE OF CONNECTION WITH OUR PLANET AND EACH OTHER.
TOURS - YERKES FUTURE FOUNDATION OFFERS TOURS AND EVENTS, ASTRONOMY PROGRAMS FOR ALL AGES, AND CULTURAL AND SCIENCE PROGRAMMING TO PROVIDE ENRICHMENT THAT CONNECTS SCIENCE, LANDSCAPE AND CULTURE IN ORDER TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE PUBLIC.
SCIENCE - IN 2023, OUR SCIENCE TEAM HOSTED OUR FIRST UNDERGRADUATE SUMMER RESEARCH PROGRAM, OUR FIRST ASTRONOMER-IN-RESIDENCE, AND LAUNCHED OPPORTUNITIES FOR K-12 CLASSROOMS TO VISIT THE OBSERVATORY. WE BEGAN ASSESSING THE LARGE TELESCOPES IN THE BUILDING AND IMPLEMENTED SOME IMMEDIATE UPGRADES TO PROGRESS WITH BOTH PUBLIC PROGRAMS AND RESEARCH OBSERVING. WE WELCOMED LARGE GROUPS FOR FAMILY-FOCUSED STAR PARTIES AND OBSERVING ON THE LAWN, AND WE HOSTED SEVERAL SUCCESSFUL AND PRODUCTIVE RESEARCH AND PROFESSIONAL WORKSHOPS AT YERKES OBSERVATORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianna Colman Chairman | OfficerTrustee | 3 | $0 |
Tom Nickols Treasurer | OfficerTrustee | 3 | $0 |
Frank Bonifacic Secretary | OfficerTrustee | 3 | $0 |
William Brownell Director | Trustee | 3 | $0 |
Joseph Madonia Director | Trustee | 3 | $0 |
Dana Hagenah Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marion Restoration Renovation Costs | 12/30/23 | $163,197 |
Adams Electric Renovation Costs | 12/30/23 | $154,052 |
Blue Plate Catering Inc Event Expenses | 12/30/23 | $146,531 |
Luci Creative Llc Stategic Planning | 12/30/23 | $144,445 |
Campbell & Company Fundraising | 12/30/23 | $119,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,447 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,342,080 |
| Noncash contributions included in lines 1a–1f | $245,889 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,399,527 |
| Total Program Service Revenue | $317,890 |
| Investment income | $137,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,802 |
| Net Gain/Loss on Asset Sales | $6,878 |
| Net Income from Fundraising Events | -$162,868 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $42,421 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,777,244 |
| 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. | $443,008 |
| Compensation of current officers, directors, key employees. | $94,772 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657,704 |
| Pension plan accruals and contributions | $82,652 |
| Other employee benefits | $74,147 |
| Payroll taxes | $87,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,152 |
| Fees for services: Other | $351,936 |
| Advertising and promotion | $122,020 |
| Office expenses | $107,795 |
| Information technology | $51,277 |
| Royalties | $0 |
| Occupancy | $52,525 |
| Travel | $22,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248,779 |
| Insurance | $53,452 |
| All other expenses | $33,433 |
| Total functional expenses | $2,926,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,093,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,545,037 |
| Accounts receivable, net | $131,769 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,884 |
| Prepaid expenses and deferred charges | $36,424 |
| Net Land, buildings, and equipment | $8,942,765 |
| Investments—publicly traded securities | $134,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $238,941 |
| Total assets | $14,182,665 |
| Accounts payable and accrued expenses | $86,218 |
| Grants payable | $0 |
| Deferred revenue | $18,020 |
| 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 | $104,238 |
| Net assets without donor restrictions | $10,882,015 |
| Net assets with donor restrictions | $3,196,412 |
| 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 | $14,182,665 |