Institute For The Future
- Assets
- $5.2m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 40
- Location
- Palo Alto, CA
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 95-2540449
Organization Overview
Institute For The Future is located in Palo Alto, CA. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Institute For The Future employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For The Future 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, Institute For The Future generated $9.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $11.4m 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
IFTF PROVIDES EDUCATION AND FORESIGHT RESEARCH FOR ORGANIZATIONS, LEADERS AND THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC ADVISORY (INCLUDING RESEARCH INITIATIVES, SPEECHES AND WORKSHOPS): FOR MORE THAN 50 YEARS, IFTF HAS CONDUCTED INDEPENDENT FUTURES RESEARCH, DESIGNED TO CREATE FORESIGHT THEN LEADS TO INSIGHT AND ULTIMATELY TO FUTURE-SMART ACTION. THIS WORK IS ORGANIZED ACROSS A CORE SET OF RESEARCH AGENDAS AND INTERCONNECTED LABS THAT, TOGETHER, BUILD BROAD SCANS OF THE FUTURE LANDSCAPE AND LEAD DEEP DIVES INTO URGENT FUTURES.
GRANT FUNDING: IFTF WORKS WITH PHILANTHROPIC ORGANIZATIONS FOR A RANGE OF CIVIC AND PUBLIC-ORIENTED FORESIGHT WORK THAT ARE ALIGNED WITH OUR PUBLIC MISSION, BOTH FOR RESEARCH STUDIES AND FORESIGHT EDUCATION.
FORESIGHT ESSENTIALS: IFTF'S PORTFOLIO OF FORESIGHT TRAININGS ARE BUILT ON OVER 50 YEARS OF IFTF FUTURES METHODOLOGIES AND TOOLS. COURSES AND CUSTOM ENTERPRISE TRAININGS ARE DESIGNED TO HELP INDIVIDUALS AND ORGANIZATIONS GROW THEIR SKILLS IN THE ART AND SCIENCE OF FORESIGHT. ALUMNI ALSO JOIN A VIBRANT COMMUNITY AND NETWORK OF PRACTITIONERS WHO CAN ADVANCE FUTURES THINKING IN ALL KINDS OF ORGANIZATIONS AND COMMUNITIES AROUND THE GLOBE.
VANTAGE: FOR NEARLY FOUR DECADES, THE VANTAGE PROGRAM HAS BEEN A LEADING SOURCE OF FORESIGHT FOR BUSINESS, GOVERNMENT AND NONPROFITS. IT'S A PLATFORM FOR SENSING TODAY'S LATENT SIGNALS, TRACKING THEIR INTERSECTIONS TO UNDERSTAND THE ECOSYSTEM OF CHOICES, AND DESIGNING PLATFORMS FOR FUTURE RESILIENCE. THIS IS AN ANNUAL MEMBERSHIP PROGRAM THAT, ALONG WITH ALL OTHER CORE FOUNDATIONAL MULTICLIENT PROJECTS, PROVIDES THE BUILDING BLOCKS FOR INITIATIVES THAT FURTHER OUR MISSION IN LEADING THE EFFORTS ON LONG-TERM THINKING, WHILE SUPPORTING ONGOING PUBLIC AND PRIVATE SECTOR SPECIAL PROJECTS THAT PUSHES ARE RESEARCH INTO NEW AREAS OF STUDY. THE VANTAGE PROGRAM SERVED APPROXIMATELY 20 PARTNERS, HOSTED AN ANNUAL CONFERENCE, AND PROVIDED A DIVERSE ARRAY OF FORESIGHT DELIVERABLES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marina Gorbis Executive Director | OfficerTrustee | 40 | $299,436 |
Jean Hagan Executive Producer | OfficerTrustee | 40 | $232,330 |
Lyn Jeffery Research Director | OfficerTrustee | 40 | $249,976 |
Steve Milovich Board Chair | OfficerTrustee | 1.3 | $0 |
Berit Ashla Independent Trustee | Trustee | 1.3 | $0 |
Karen Edwards Independent Trustee | Trustee | 1.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innohub Gmbh Consulting Services | 12/30/22 | $195,752 |
Maru Group Llc Consulting Services | 12/30/22 | $113,500 |
Financial Statements
| 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 | $22,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,015 |
| Total Program Service Revenue | $9,443,393 |
| Investment income | $8,574 |
| 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 | $9,475,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| 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. | $1,891,325 |
| Compensation of current officers, directors, key employees. | $202,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,304,811 |
| Pension plan accruals and contributions | $439,299 |
| Other employee benefits | $497,089 |
| Payroll taxes | $416,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,198 |
| Fees for services: Accounting | $160,608 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,200,663 |
| Advertising and promotion | $2,000 |
| Office expenses | $199,570 |
| Information technology | $192,924 |
| Royalties | $0 |
| Occupancy | $1,058,021 |
| Travel | $310,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,244 |
| Interest | $59,576 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,006 |
| Insurance | $41,059 |
| All other expenses | $0 |
| Total functional expenses | $11,411,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $907,503 |
| Savings and temporary cash investments | $816,339 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,446,565 |
| 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 | $683,961 |
| Net Land, buildings, and equipment | $106,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,996 |
| Total assets | $5,244,875 |
| Accounts payable and accrued expenses | $1,090,292 |
| Grants payable | $0 |
| Deferred revenue | $935,704 |
| 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 | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $142,703 |
| Total liabilities | $3,168,699 |
| Net assets without donor restrictions | $1,834,460 |
| Net assets with donor restrictions | $241,716 |
| 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 | $5,244,875 |