Futuro Health
- Assets
- $109.0m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 61
- Location
- Sacramento, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3847958
Organization Overview
Futuro Health is located in Sacramento, CA. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Futuro Health employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Futuro Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GROW THE LARGEST NETWORK OF ALLIED HEALTHCARE WORKERS IN THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUTURO HEALTH'S NONPROFIT MISSION ADDRESSES THE NATION'S CRITICAL SHORTAGE OF ALLIED HEALTHCARE WORKERS. OUR UNIQUE EDUCATION JOURNEYS ENABLE SCHOLARS FROM ALL WALKS OF LIFE TO TRANSITION SUCCESSFULLY INTO HEALTHCARE CAREERS FROM DIVERSE EDUCATION OR JOB EXPERIENCE BACKGROUNDS. IN PARTNERSHIP WITH OUR EMPLOYERS AND FUNDERS, FUTURO HEALTH PROVIDES HIGHLY SUPPORTIVE EDUCATION AND TRAINING OPPORTUNITIES AT NO OR LOW COST, TRANSFORMING THE LIVES OF ADULT LEARNERS AND THEIR FAMILIES AS OUR SCHOLARS GO ON TO WORK IN REWARDING AND FINANCIALLY STABLE HEALTHCARE CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Regan President | OfficerTrustee | 6 | $0 |
John Yamamoto Vice President | OfficerTrustee | 4 | $0 |
David Grossman Vice President (thru 5/23) | OfficerTrustee | 2 | $0 |
Pat Thomas Secretary/treasurer | OfficerTrustee | 4 | $0 |
Hortencia Armendariz Board Member | Trustee | 10 | $0 |
Chokri Bensaid Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Nuber Accounting Services | 12/30/23 | $561,661 |
Airy Disc Learning Education Technology Services | 12/30/23 | $637,000 |
Teresa Georgopoulos Educational Content Development | 12/30/23 | $107,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,003,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,035,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,039,745 |
| Total Program Service Revenue | $8,368,887 |
| Investment income | $3,370,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $579,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,368,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,121,630 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $708,588 |
| Compensation of current officers, directors, key employees. | $602,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,839,189 |
| Pension plan accruals and contributions | $61,478 |
| Other employee benefits | $914,423 |
| Payroll taxes | $305,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,133 |
| Fees for services: Accounting | $633,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,531 |
| Fees for services: Other | $3,093,184 |
| Advertising and promotion | $197,552 |
| Office expenses | $52,855 |
| Information technology | $175,205 |
| Royalties | $0 |
| Occupancy | $4,112 |
| Travel | $175,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,437 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,957 |
| Insurance | $14,423 |
| All other expenses | $0 |
| Total functional expenses | $16,614,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,399,531 |
| Savings and temporary cash investments | $22,626,805 |
| Pledges and grants receivable | $3,072,000 |
| Accounts receivable, net | $4,206,311 |
| 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 | $838,159 |
| Net Land, buildings, and equipment | $29,077 |
| Investments—publicly traded securities | $76,832,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,004,844 |
| Accounts payable and accrued expenses | $3,452,741 |
| 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 | $3,452,741 |
| Net assets without donor restrictions | $104,027,103 |
| Net assets with donor restrictions | $1,525,000 |
| 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 | $109,004,844 |