FUTURE LEADERS OF AMERICAFOUNDATION INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- FUTURE LEADERS OF AMERICAFOUNDATION INC (EIN 20-5095136)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-03-05
- IRS object ID
- 202040659349300314
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-03-05T16:36:52-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390758449 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WIPFLI LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 TRI-STATE INTERNATIONAL STE 300 | AddressLine1Txt |
| City | LINCOLNSHIRE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60069 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205095136 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUTURE LEADERS OF AMERICA FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FUTU | BusinessNameControlTxt |
| Phone | 8009946752 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 W OHIO STREET NO 4W | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD DUFFY | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 8009946752 | PhoneNum |
| Signature | 2020-03-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD D SPIEGEL CPA | PreparerPersonNm |
| PTIN | P01371436 | PTIN |
| Phone | 8479410100 | PhoneNum |
| Preparation | 2020-03-03 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 12.96.30.195 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-03-03 | IPDt |
| IP Tm | 12:03:44 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 450C246D7A6E497C20D4ED9D1414DF4409818E50 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL STUDENT LEADERSHIP FND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICHARD DUFFY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 W OHIO STREET NO 4W | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $33,600,364 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NSLCLEADERS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE SUMMER EDUCATIONAL PROGRAMS FOR HIGH SCHOOL STUDENTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 4 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $29,788,347 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $33,600,364 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $29,788,347 | PYTotalRevenueAmt |
| CY Total Revenue | $33,600,364 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,337,355 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,273,983 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,450,992 | PYOtherExpensesAmt |
| CY Other Expenses | $32,326,381 | CYOtherExpensesAmt |
| PY Total Expenses | $29,788,347 | PYTotalExpensesAmt |
| CY Total Expenses | $33,600,364 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $27,932 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,932 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $27,932 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $27,932 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE SUMMER EDUCATIONAL PROGRAMS FOR HIGH SCHOOL STUDENTS WHICH ENCOURAGE STUDENTS TO EXPLORE THEIR ACADEMIC AND CAREER INTERESTS WHILE DEVELOPING LEADERSHIP SKILLS ESSENTIAL FOR THEIR SUCCESS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $28,365,382 | ExpenseAmt |
| Grant | $727,210 | GrantAmt |
| Revenue | $32,903,243 | RevenueAmt |
| Desc | SUMMER EDUCATIONAL PROGRAMS THAT PROVIDE STUDENTS WITH THE OPPORTUNITY TO EXPERIENCE LIFE ON A COLLEGE CAMPUS, DEVELOP ESSENTIAL LEADERSHIP SKILLS, AND EXPLORE A FUTURE CAREER THROUGH EXCITING SIMULATIONS, EXCLUSIVE SITE VISITS AND INTERACTIVE MEETINGS WITH RENOWNED LEADERS IN THEIR CHOSEN FIELD. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $286,773 | ExpenseAmt |
| Grant | $286,773 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE FOUNDATION AWARDS GRANTS TO PUBLICLY SUPPORTED CHARITABLE AND EDUCATIONAL I.R.C. SECTION 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR MISSION. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $260,000 | ExpenseAmt |
| Grant | $260,000 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS WHO ARE AN ALUMNI TO THE NSLF PROGRAMS AND ARE ALSO AN INCOMING FRESHMEN TO A UNIVERSITY THAT SPONSORS NSLF PROGRAMS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $28,912,155 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 583 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL CLEARY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8009946752 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 W OHIO ST SUITE 4W | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| MICHAEL ADAMS | ||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |
| CHRIS EISENHARDT | ||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |
| RICHARD DUFFY | ||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MICHAEL BENNETT | ||||||
| SECRETARY | 0.30 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| STEPHEN MCGUE | ||||||
| TREASURER | 0.30 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FUTURE LEADERS OF AMERICA INC | |||||
| 320 W OHIO ST 4W | CHICAGO | IL | 60654 | MANAGEMENT FEE | $5,437,800 |
| AMERICAN UNIVERSITY | |||||
| 4400 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20016 | HOSTING CAMPS | $2,571,093 |
| AMERICAN EXPRESS | |||||
| BOX 0001 | LOS ANGELES | CA | 90096 | PROGRAMMING FEES | $2,316,109 |
| YALE CONFERENCES & EVENTS | |||||
| 55 WHITNEY AVE 400 | NEW HAVEN | CT | 06510 | HOSTING CAMPS | $1,878,276 |
| STM DRIVEN | |||||
| 1203 W RIDGEWAY AVE | WATERLOO | IA | 50701 | BUSING | $1,159,643 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 33 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| TUITION INCOME | 611710 | $32,903,243 | $32,903,243 | |
| TRIP INSURANCE | 900099 | $423,957 | $423,957 | |
| TRANSPORTATION | 480000 | $266,274 | $266,274 | |
| LOST KEYS AND EARLY/LATE ARRIVAL | 900099 | $6,800 | $6,800 | |
| PARKING | 900099 | $90 | $90 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $33,600,364 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,600,364 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,903,243 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $697,121 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $286,773 | TotalAmt |
| Program Services | $286,773 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $987,210 | TotalAmt |
| Program Services | $987,210 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,437,800 | TotalAmt |
| Program Services | $4,078,350 | ProgramServicesAmt |
| Management And General | $1,359,450 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,625,168 | TotalAmt |
| Program Services | $1,625,168 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,835 | TotalAmt |
| Management And General | $134,835 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,395,521 | TotalAmt |
| Management And General | $2,395,521 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,079,635 | TotalAmt |
| Program Services | $6,079,635 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,546,685 | TotalAmt |
| Program Services | $7,546,685 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $458,139 | TotalAmt |
| Program Services | $458,139 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,176 | TotalAmt |
| Program Services | $270,176 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| MEALS - STUDENTS | $2,891,408 | $2,891,408 | |
| FIELD TRIPS | $2,005,098 | $2,005,098 | |
| PROGRAM MATERIALS | $1,221,408 | $1,221,408 | |
| CREDIT CARD SERVICES | $779,052 | $779,052 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,481,456 | TotalAmt |
| Program Services | $1,462,105 | ProgramServicesAmt |
| Management And General | $19,351 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,600,364 | TotalAmt |
| Program Services | $28,912,155 | ProgramServicesAmt |
| Management And General | $4,688,209 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,697 | BOYAmt |
| EOY | $27,932 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,235 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,932 | BOYAmt |
| EOY | $27,932 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,932 | BOYAmt |
| EOY | $27,932 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,932 | BOYAmt |
| EOY | $27,932 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,932 | BOYAmt |
| EOY | $27,932 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,372,299 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,638,776 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,254,816 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,788,347 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,873,154 | CurrentTaxYearAmt |
| Total | $136,927,392 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,372,299 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,638,776 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,254,816 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,788,347 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,873,154 | CurrentTaxYearAmt |
| Total | $136,927,392 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $136,927,392 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,653 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $6,677 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,653 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24 | CurrentTaxYearMinus3YearsAmt |
| Total | $6,677 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,378,952 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,638,800 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $29,254,816 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $29,788,347 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,873,154 | CurrentTaxYearAmt |
| Total | $136,934,069 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 1.00000 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99990 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00010 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $32,873,154 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $32,873,154 | RevenueSubtotalAmt |
| Other Revenues Not Included | $727,210 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $727,210 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $33,600,364 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $32,873,154 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $32,873,154 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $727,210 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $727,210 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $33,600,364 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART XI - LINE 4B | STUDENTS ARE AWARDED SCHOLARSHIPS TO EDUCATIONAL PROGRAMS IN AMOUNTS RANGING FROM $250 TO FULL TUITION. THE AMOUNT OF THE SCHOLARSHIPS ARE ADDED TO REVENUES AND EXPENSES FOR FORM 990 BUT ARE NOT INCLUDED IN THE FINANCIAL STATEMENTS AS EITHER REVEUNES OR EXPENDITURES. |
| PART XII - LINE 4B | SEE EXPLANATION FOR PART XI- LINE 4B |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| THE GLOBAL HEALTH INITIATIVE - NORTHWESTERN UNIVERSITY MEDICAL SCHOOL | |||||||
| 676 ST CLAIRE STE 2300 | CHICAGO | IL | 60611 | 364724966 | 501(C)(3) | $200,000 | GENERAL PROGRAM SUPPORT |
| URBAN INITIATIVES INC | |||||||
| 650 W LAKE STREET STE 340 | CHICAGO | IL | 60661 | 830367521 | 501(C)(3) | $13,000 | GENERAL PROGRAM SUPPORT |
| STATE UNIVERSITY OF IOWA FOUNDATION | |||||||
| PO BOX 4550 | IOWA CITY | IA | 52244 | 420796760 | 501(C)(3) | $5,000 | GENERAL PROGRAM SUPPORT |
| THE VALLEY HOSPITAL FOUNDATION INC | |||||||
| 223 NORTH VAN DIEN AVENUE | RIDGEWOOD | NJ | 07450 | 222324554 | 501(C)(3) | $5,000 | GENERAL PROGRAM SUPPORT |
| UNIVERSITY OF MINNESOTA FOUNDATION | |||||||
| 200 OAK STREET SE STE 500 | MINNEAPOLIS | MN | 55455 | 416042488 | 501(C)(3) | $5,000 | GENERAL PROGRAM SUPPORT |
| UNIVERSITY OF NOTRE DAME CLUB OF CHICAGO | |||||||
| 224 S MICHIGAN AVENUE | CHICAGO | IL | 60604 | 362385194 | 501(C)(3) | $5,000 | GENERAL PROGRAM SUPPORT |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| SCHOLARSHIPS FOR EDUCATIONAL PROGRAMS | 1122 | $727,210 |
| SCHOLARSHIPS FOR ALUMNI | 39 | $260,000 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| FUTURE LEADERS OF AMERICA INC | |||
| 35%+ OWNED BY ONE OFFICER/DIRECTOR | $5,437,800 | MANAGEMENT FEES | 0 |
| FUTURE LEADERS OF AMERICA INC | |||
| 35%+ OWNED BY ONE OFFICER/DIRECTOR | $6,079,635 | ROYALTIES | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | FUTURE LEADERS OF AMERICA FOUNDATION, INC. HAS A CONTRACTUAL RELATIONSHIP WITH FUTURE LEADERS OF AMERICA, INC. (FLA) WHERE FLA AGREES TO PROVIDE MANAGEMENT SERVICES SUCH AS PROGRAMS SERVICES, PREPARATION OF THE ANNUAL BUDGET, GENERAL ADMINISTRATION, CLERICAL SERVICES AND SUPPORT, AND ACCOUNTING AND FINANCIAL SERVICES. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FORM 990 IS GIVEN TO EACH MEMBER OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. EACH MEMBER OF THE BOARD OF DIRECTORS INDIVIDUALLY REVIEWS THE FORM 990 AND PROVIDES FEEDBACK TO THE TAX RETURN PREPARER. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION WILL MAIL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS UPON REQUEST. |
| FORM 990, PART XII, LINE 1 | FUTURE LEADERS OF AMERICA FOUNDATION, INC. USES THE MODIFIED BASIS OF ACCOUNTING. ASSETS, LIABILITIES, NET ASSETS, REVENUES AND EXPENDITURES ARE RECOGNIZED WHEN THEY RESULT FROM CASH TRANSACTIONS. |
| FORM 990, PART XII, LINE 2C | THERE WERE NO CHANGES TO THE AUDIT SELECTION PROCESS FROM THE PRIOR YEAR. |