Future 500 is located in San Francisco, CA. The organization was established in 1995. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2023, Future 500 employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future 500 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, Future 500 generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 9 years. 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
SEE ATTACHED STATEMENTMISSIONFUTURE 500 BUILDS TRUST BETWEEN CORPORATIONS, ADVOCATES, INVESTORS, AND PHILANTHROPISTS TO ADVANCE BUSINESS AS A FORCE FOR GOOD. WE ARE EXPERTS IN STAKEHOLDER ENGAGEMENT WITH OVER 25 YEARS OF EXPERIENCE DEPOLARIZING CONFLICT BY BUILDING ALLIANCES BETWEEN ADVERSARIAL STAKEHOLDERS. WE UTILIZE MARKET-BASED APPROACHES TO SOLVE SOCIAL AND ENVIRONMENTAL ISSUES AROUND ENERGY & CLIMATE, FOOD & WATER, MATERIALS & SUPPLY CHAINS, AND PEOPLE & POWER. THROUGH GENUINE STAKEHOLDER ENGAGEMENT, FUTURE 500 ALIGNS THE POWER OF THE PRIVATE SECTOR WITH THE PURPOSE OF ITS MOST CRITICAL STAKEHOLDERS. WE ENVISION A WORLD THAT REALIZES SUSTAINABLE ECONOMIC GROWTH BY ADDRESSING SOCIAL AND ENVIRONMENTAL EXTERNALITIES WITH MARKET-BASED SOLUTIONS. WE UNITE THE CORPORATE, PHILANTHROPIC, AND NGO SECTORS TO BREAK THROUGH GRIDLOCK, ENCOURAGE THOUGHTFUL DIALOGUE, AND ACHIEVE BROAD SYSTEMIC CHANGE. WE FIND THAT UNCOMMON IDEAS OFTEN REVEAL UNCOMMON SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY/CLIMATEFUTURE 500 VIEWS THE ENERGY TRANSITION AS A CRITICAL THREAD ACROSS ALL OUR SUSTAINABILITY PROJECTS. TO THAT END, OUR ORGANIZATION CONTINUOUSLY SEEKS TO BUILD PARTNERSHIPS WITH ENERGY COMPANIES AND ACTIVISTS. WE WORK ACROSS SEVERAL ENERGY SECTORS, INCLUDING, BUT NOT LIMITED TO, COAL, NATURAL GAS, OIL REFINING AND EXPLORATION, AND BIOFUELS. WE BELIEVE THAT SMART, COMPREHENSIVE ENERGY POLICY CAN HELP DRIVE SYSTEMIC CHANGE DOWN THE SUPPLY CHAIN. WE BELIEVE THAT A PRICE ON CARBON IS AN ECONOMIC, SECURITY, FISCAL, AND ENVIRONMENTAL IMPERATIVE. TO HELP DRIVE THIS EFFORT, WE HAVE CRAFTED TWO CORE POLICY PRINCIPLES THAT CAN UNITE THE CROSS-SECTORAL POLITICAL SUPPORT NEEDED FOR CLIMATE POLICY THAT IS FRIENDLY TO PEOPLE, THE ECONOMY, AND THE ENVIRONMENT. FUTURE 500 HAS BROUGHT TOGETHER COMPANIES, NGOS, INVESTORS, AND PHILANTHROPISTS TO SUPPORT THIS POLICY. WE SEE THE ENERGY TRANSITION TOWARD A LOW-CARBON FUTURE AS A DYNAMIC AND EVOLVING ARENA WHERE WE SEEK TO PLAY AN IMPORTANT ROLE IN CONNECTING CORPORATIONS TO THEIR CRITICAL STAKEHOLDERS. WE BELIEVE THAT DIRECT ENGAGEMENT IN AN INCREASINGLY POLARIZED WORLD WILL HELP US MOVE PAST CONFLICT FROM THE COMMUNITY LEVEL TO THE GLOBAL LEVEL TO SOLVE SOME OF OUR SOCIETY'S MOST PRESSING ENERGY ISSUES.
FOOD/WATERAS THE PLANET GROWS MORE CROWDED AND AFFLUENT, PROTECTING THE UNIVERSAL HUMAN RIGHT TO SAFE FOOD AND CLEAN, PLENTIFUL WATER IS STRAINING THE CAPABILITIES OF OUR NATURAL RESOURCES. THIS COMPETITION FOR RESOURCES IS ILLUMINATING THE INTERCONNECTEDNESS OF THE FOOD, WATER, AND ENERGY SYSTEMS. ACTIONS TAKEN IN ONE AREA INHERENTLY IMPACT THE OTHER TWO: THE AGRICULTURE AND ENERGY INDUSTRIES ARE THE MOST SIGNIFICANT GLOBAL CONSUMERS OF FRESH WATER; TRANSPORTING AND HEATING WATER REQUIRES ENORMOUS AMOUNTS OF ENERGY; ENERGY RESOURCE EXTRACTION REDUCES AVAILABLE LAND FOR FOOD PRODUCTION AND MAY CONTAMINATE LOCAL WATER SOURCES. MORE THAN EVER, SUSTAINING OUR FOOD AND WATER SUPPLIES REQUIRES INTEGRATED SOLUTIONS THAT REDUCE EXTERNALITIES AND IMPROVE EFFICIENCY ACROSS SECTORS AND GEOGRAPHIES. TOWARD THIS END, FUTURE 500 WORKS WITH VARIOUS STAKEHOLDERS TO ADVANCE SYSTEMIC SOLUTIONS AT THIS CRITICAL NEXUS OF FOOD, WATER, AND ENERGY. WE ALIGN STAKEHOLDERS TO EXPLORE APPROACHES THAT LEVERAGE THE CORPORATE SUPPLY CHAIN AND POLITICAL POWER TO DRIVE IMPROVED RESOURCE QUALITY AND QUANTITY.
MATERIALS/SUPPLY CHAINSINCE OUR INCEPTION, FUTURE 500 HAS BEEN AT THE FOREFRONT OF RECYCLING POLICY AND MATERIALS STEWARDSHIP. IN FACT, OUR ENGAGEMENT MODEL PULLS FROM THE SUCCESS OF A CORPORATE-NGO ALLIANCE BUILT BY OUR FOUNDER TO PASS THE CA BOTTLE BILL. AS WE LOOK TO THE FUTURE, WE ACKNOWLEDGE THAT THE US AND OTHER GLOBAL GEOGRAPHIES NEED MORE COMPREHENSIVE, CIRCULAR ECONOMY STRUCTURES ENCOMPASSING BROADER WASTE STREAMS THAT HELP SOCIETY IMPROVE RESOURCE RECOVERY AND REUSE. FUTURE 500 HAS PROGRESSED SEVERAL PROCESSES TO DRIVE INNOVATIVE WASTE MANAGEMENT POLICIES FOCUSED ON EXTENDED PRODUCER RESPONSIBILITY (EPR) POLICY, A PROVEN RECYCLING STRUCTURE IMPLEMENTED IN DOZENS OF COUNTRIES ACROSS THE GLOBE. WHAT MIGHT SUCH A POLICY MEAN FOR THE UNITED STATES AND OTHER NATIONS AND STATES? HOW SHOULD GOVERNMENTS AND INDUSTRIES CONTINUE EXPERIMENTING WITH THE POLICY TO TEST EFFECTIVENESS AND SCALE FROM THERE TO NATINAL SOLUTIONS THAT CREATE UNIFYING APPROACHES RATHER THAN A PATCHWORK OF MORE LOCALIZED POLICIES?
PEOPLE/POWERFUTURE 500 FACES A FUTURE OF INCREASING ECOLOGICAL AND ECONOMIC DEFICITS AROUND THE PLANET. CONCURRENTLY, WE ARE AMIDST A GLOBAL TECHNOLOGICAL REVOLUTION TRANSFORMING EVERY ASPECT OF HUMAN LIVES, CAUSING SIGNIFICANT SOCIAL CHANGE. THE AGENT OF THIS REVOLUTION IS A NEW FAMILY OF TECHNOLOGIES - BROADBAND, THE INTERNET, MICROCHIPS, SOFTWARE SUPPORT, AI, AND ADVANCED DATA MEASUREMENT AND ANALYTICS - THAT IS DRAWING THE WORLD TOGETHER INTO A SINGLE, COEXISTING WHOLE FOR THE FIRST TIME. BY UNLEASHING THE INNOVATIVE CAPACITY OF CIVIL SOCIETY AND CORPORATIONS TO USE TECHNOLOGY FOR GOOD, WE CAN POTENTIALLY REVERSE THESE DEFICITS TOWARD THE BETTERMENT OF PEOPLE, PLANET AND PROFIT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Shireman President | OfficerTrustee | 10 | $196,700 |
P K Agarwal Chairman | OfficerTrustee | 2 | $0 |
Erik Wohlgemuth Ceo/director | Trustee | 40 | $224,000 |
Sabrina Watkins Director | Trustee | 2 | $0 |
Ann Witsil Director | Trustee | 2 | $0 |
Dawn Rittenhouse Treasurer | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $7,617 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,617 |
Total Program Service Revenue | $1,146,277 |
Investment income | $16,678 |
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 | $1,170,572 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $420,700 |
Other salaries and wages | $492,585 |
Pension plan accruals and contributions | $25,038 |
Other employee benefits | $0 |
Payroll taxes | $69,930 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $26,883 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $76,012 |
Advertising and promotion | $0 |
Office expenses | $1,619 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $21,498 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,545 |
Interest | $3,299 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $7,911 |
All other expenses | $0 |
Total functional expenses | $1,219,992 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,020,146 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $193,503 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,324 |
Total assets | $1,220,973 |
Accounts payable and accrued expenses | $678 |
Grants payable | $0 |
Deferred revenue | $30,000 |
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 | $155,835 |
Other liabilities | $10,358 |
Total liabilities | $196,871 |
Net assets without donor restrictions | $1,024,102 |
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 | $1,220,973 |