FUTURE 5 INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- FUTURE 5 INC (EIN 46-2986201)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-14
- IRS object ID
- 201811349349307811
- Schema version
- 2016v3.0
- 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 | 2018-05-14T15:08:23-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'Connor Davies LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3001 Summer Street 5th Floor East | AddressLine1Txt |
| City | Stamford | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06905 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462986201 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUTURE 5 INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FUTU | BusinessNameControlTxt |
| Phone | 2033588787 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 ATLANTIC STREET | AddressLine1Txt |
| City | STAMFORD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06901 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Bonora | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 2033588787 | PhoneNum |
| Signature | 2018-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Garrett M Higgins | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 2033232400 | PhoneNum |
| Preparation | 2018-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Clifton McFeely | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 ATLANTIC STREET | AddressLine1Txt |
| City | STAMFORD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $745,656 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | futurefive.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2013 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | Future 5 helps motivated low-income students in stamford, Ct connect to their full potential, leading to financial independence and productive citizenship. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Total Volunteers | 85 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,128,411 | PYContributionsGrantsAmt |
| CY Contributions Grants | $744,778 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $711 | PYInvestmentIncomeAmt |
| CY Investment Income | $878 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,129,122 | PYTotalRevenueAmt |
| CY Total Revenue | $745,656 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $324,401 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $420,689 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $101,470 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $204,473 | PYOtherExpensesAmt |
| CY Other Expenses | $280,299 | CYOtherExpensesAmt |
| PY Total Expenses | $528,874 | PYTotalExpensesAmt |
| CY Total Expenses | $700,988 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $600,248 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $44,668 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $757,741 | TotalAssetsBOYAmt |
| Total Assets EOY | $784,623 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $30,225 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,480 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $727,516 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $772,143 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Future 5 helps motivated, low-income high school students in Stamford connect to their full potential.Our philosophy and community strengthens a student's self-esteem through character bulding workshops, job preparation programs and one-on-one coaching. Future 5 students develop the motivation and a game plan for achievement in school and life. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $173,164 | ExpenseAmt |
| Desc | College Prep - A year-long program that guides high school seniors through the entire college search and application process through a weekly 2-hour workshop. Each senior is paired with an individual coach who meets with the student as needed to help guide the student through the application process. Once the application has been submitted and the student has been accepted, college coaches then work with the student to apply for FAFSA funding and search and apply for scholarships. In April students work with their coach to compare financial aid and funding packages to make an informed decision about the college they will attend in the fall. In 2016-17, 100% (53 students) of our high school seniors graduated from high school. Of these 53, 96% committed to college and/or career training: 32 left to attend a 4-year college; 19 attended community college; 1 enlisted in the U.S. Marine Corps; and 1 remained undecided upon high school graduation. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $170,164 | ExpenseAmt |
| Desc | Here to There - The first step on a Future 5 student's path to success. Here to There is our entry-level, character-building workshop available to high school students and a requirement for membership at Future 5. Students meet weekly for a 6-week workshop to define and discuss their goals and the obstacles ("gremlins") that stand in the way of reaching them: how do you get from "here" to "there"? Working in small groups, students and coaches discuss specific steps the students can take to remove or navigate around the obstacles. Weekly theme topics include Commitment, Success, Grit/Resilience, and Asking for Help. Commitment is a central theme throughout Here to There - commitment to yourself, your success, as well as commitment to Future 5. At the completion of Here to There, students and coaches meet individually to complete a Game Plan for Life, a document that that outlines our student's goals (short term and long term) and the steps the student has agreed to take in order to make his/her goals a reality. Students are welcomed as full members of Future 5 upon completion of Here to There and eligible to participate in College Prep, Job Prep, Community Service, and receive academic tutoring. Game Plans are reviewed throughout the years a student is an active member of Future 5. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $170,163 | ExpenseAmt |
| Desc | Job Prep - A weekly workshop that meets January thru April that focuses on "soft skills" (handshake, eye contact, first impression), 'elevator pitch," career exploration, mock interviews, conflict resolution, resume preparation, job application and follow up procedures. In April, Job Prep students attend job shadowing events and site visits at local companies. Coaching is primarily done in small groups with 3-4 students per coach for a variety of role-playing scenarios. Students who complete Job Prep are given business cards, a letter of recommendation, and copies of their resumes. In 2016-17, 14 students completed the requirements for Job Prep and participated in site visits to The Ashforth Company, XL Catlin, and Nielsen. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $513,491 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | 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 | Yes (1) | 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 | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 10 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | 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 | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Donna Stolar | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2033588787 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 135 Atlantic Street | AddressLine1Txt |
| City | Stamford | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06901 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Polly Perkins Johnson | ||||||
| chairman | 15.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Tom Turrentine | ||||||
| Vice Chairman | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| John Bonora | ||||||
| Vice Chairman | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Jamere Jackson | ||||||
| Treasurer | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Rebecca Brown | ||||||
| Secretary | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Clifton McFeely | ||||||
| Founder/Board Member | 40.00 | Yes (X) | $52,385 | $0 | $348 | |
| Andy Ashforth | ||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Tom Beusse | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Kim Depra | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Jessica Lee | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Frank lyon | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| David Schirmer | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Christopher Wright | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| John Welch | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Noreen Poulson | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Michael Chambers | ||||||
| Board Member | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Jack Loop | ||||||
| Board Member thru January 2017 | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Cindy Ziegler | ||||||
| Board Member thru January 2017 | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Kathryn McManus | ||||||
| Executive Director | 40.00 | Yes (X) | $30,000 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $82,385 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $348 | 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 |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $744,778 | AllOtherContributionsAmt |
| Noncash Contributions | $2,603 | NoncashContributionsAmt |
| Total Contributions | $744,778 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $878 | TotalRevenueColumnAmt |
| Exclusion | $878 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $745,656 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $878 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,083 | TotalAmt |
| Program Services | $63,883 | ProgramServicesAmt |
| Management And General | $10,950 | ManagementAndGeneralAmt |
| Fundraising | $14,250 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $298,055 | TotalAmt |
| Program Services | $213,695 | ProgramServicesAmt |
| Management And General | $36,657 | ManagementAndGeneralAmt |
| Fundraising | $47,703 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,802 | TotalAmt |
| Program Services | $3,342 | ProgramServicesAmt |
| Management And General | $973 | ManagementAndGeneralAmt |
| Fundraising | $2,487 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,749 | TotalAmt |
| Program Services | $20,945 | ProgramServicesAmt |
| Fundraising | $5,804 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,416 | TotalAmt |
| Program Services | $20,224 | ProgramServicesAmt |
| Management And General | $13,255 | ManagementAndGeneralAmt |
| Fundraising | $4,937 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,393 | TotalAmt |
| Program Services | $2,415 | ProgramServicesAmt |
| Management And General | $2,930 | ManagementAndGeneralAmt |
| Fundraising | $48 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,209 | TotalAmt |
| Fundraising | $3,209 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,050 | TotalAmt |
| Program Services | $9,413 | ProgramServicesAmt |
| Management And General | $10,856 | ManagementAndGeneralAmt |
| Fundraising | $2,781 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,261 | TotalAmt |
| Program Services | $16,400 | ProgramServicesAmt |
| Management And General | $1,660 | ManagementAndGeneralAmt |
| Fundraising | $1,201 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,091 | TotalAmt |
| Program Services | $25,961 | ProgramServicesAmt |
| Management And General | $1,527 | ManagementAndGeneralAmt |
| Fundraising | $603 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,254 | TotalAmt |
| Program Services | $1,446 | ProgramServicesAmt |
| Management And General | $1,829 | ManagementAndGeneralAmt |
| Fundraising | $979 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,428 | TotalAmt |
| Program Services | $2,095 | ProgramServicesAmt |
| Management And General | $3,581 | ManagementAndGeneralAmt |
| Fundraising | $752 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $951 | TotalAmt |
| Program Services | $580 | ProgramServicesAmt |
| Management And General | $361 | ManagementAndGeneralAmt |
| Fundraising | $10 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,169 | TotalAmt |
| Program Services | $6,535 | ProgramServicesAmt |
| Management And General | $1,144 | ManagementAndGeneralAmt |
| Fundraising | $490 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| educational program exp | $126,557 | $126,557 | ||
| fundraising expenses | $16,216 | $16,216 | ||
| Miscellaneous Expenses | $304 | $304 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $700,988 | TotalAmt |
| Program Services | $513,491 | ProgramServicesAmt |
| Management And General | $86,027 | ManagementAndGeneralAmt |
| Fundraising | $101,470 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $362,005 | BOYAmt |
| EOY | $355,279 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,784 | BOYAmt |
| EOY | $271,836 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,149 | BOYAmt |
| EOY | $144,276 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,740 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,481 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,629 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,803 | BOYAmt |
| EOY | $852 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,562 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $7,078 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $757,741 | BOYAmt |
| EOY | $784,623 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,225 | BOYAmt |
| EOY | $12,480 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,000 | BOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,225 | BOYAmt |
| EOY | $12,480 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $659,403 | BOYAmt |
| EOY | $687,383 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,113 | BOYAmt |
| EOY | $84,760 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $727,516 | BOYAmt |
| EOY | $772,143 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $757,741 | BOYAmt |
| EOY | $784,623 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $44,668 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$41 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| 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) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,100 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $316,284 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $500,080 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,128,411 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $744,778 | CurrentTaxYearAmt |
| Total | $2,724,653 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,100 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $316,284 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $500,080 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,128,411 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $744,778 | CurrentTaxYearAmt |
| Total | $2,724,653 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $203,222 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,521,431 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $19 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus2 Years | $64 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $59 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $878 | CurrentTaxYearAmt |
| Total | $1,020 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,725,673 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Section A: | FormAndLineReferenceDesc |
| Explanation | Amounts reported in Schedule A, Part II, Section A, column (a) 2012 are from the short year period of 6/11/13 to 7/31/13 as this was the organization's initial year of filing. Amounts reported in Schedule A, Part II, Section A, column (b) 2013 are from the short year, 11 month period of 8/1/13 to 06/30/14 as the organization changed their fiscal year end during the tax year. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,481 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,629 | DepreciationAmt |
| Book Value | $852 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $852 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $765,615 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$41 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $20,000 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $19,959 | RevenueNotReportedAmt |
| Revenue Subtotal | $745,656 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $745,656 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $720,988 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $20,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $20,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $700,988 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $700,988 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | Future 5, Inc. recognizes the effect of income tax positions only when they are more likely than not to be sustained. Management has determined that Future 5, Inc. had no uncertain tax positions that would require financial statement recognition or disclosure. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | ANDY ASHFORth AND KIM DEPRA HAVE A BUSINESS RELATIONSHIP. |
| Form 990, Part VI, Section B, line 11b | Future 5, Inc. has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the Form 990 has been prepared, reviewed by management and is ready to be filed with the Internal Revenue Service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the Internal Revenue Service. |
| Form 990, Part VI, Section B, line 12c | Any existing or potential conflict of interest on the part of any member of the Board of Directors shall be reported to the Executive Director and the Executive Committee of the Board and recorded in the minutes of the meeting at which such report is made. A conflict or potential conflict of interest will be considered to exist in the case of any relationship, interest or situation which might indicate a duality of loyalty or interest. An example is where a member of the Board or a dependent family member has a material interest in any contract or transaction with Future 5, either directly or through a corporation, partnership or other organization of which such person or family member is a director or has a financial interest. A member of the Board shall not be deemed to have a conflicting interest with respect to a contract or transaction between Future 5 and the employer of such a member - such as may arise in connection with the management of investment funds of Future 5 by securities firms - where the contract or transaction is routine and not material to such employer from a financial point of view. Upon adoption of this policy by the Board, and annually thereafter, each member of the Board shall file with the Secretary of the Board a disclosure statement regarding existing and potential conflicts of interest. A disclosure statement shall be filed by future members of the Board at the time of their election and annually thereafter. Any member of the Board having a conflict of interest in connection with any matter before the Board shall so indicate at the time and shall not take part in any vote with respect to such matter. The minutes of the meeting shall reflect any such disclosure and abstention from voting. If confidential information will be presented to, or discussed by, the member of the Board with the conflict, he or she will be expected to excuse himself/herself during that portion of the meeting. |
| Form 990, Part VI, Section B, line 15a | The Executive Director's compensation is reviewed annually by the Board chair, who consults with the Executive Committee on the Executive Director's performance. The Executive Committee also monitors best practices of not-for-profits of similar size and mission in the region to insure comparable levels of compensation. This process is performed annually by June 30 and board approval for the entire budget, including the Executive Director's compensation, is recorded in the minutes. |
| Form 990, Part VI, Section C, line 19 | Upon request, the organization will provide the general public with a copy of its governing documents, Form 990, Form 1023 and financial statements. The form 990 is also available on Guidestar.org and other similar websites. |
| FORM 990, PART XII, LINE 2C: | the organization's governing body has the responsibility of overseeing the audit of the financial statements and the selection of an independent accountant that audited the statements. this process has not changed from the inception year. |