2024-11-13T14:44:12-06:00 2023-12-31 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-01-01 952540449 INSTITUTE FOR THE FUTURE INST 6508546322 201 HAMILTON AVENUE PALO ALTO CA 94301 MARINA GORBIS EXECUTIVE DIRECTOR 6508546322 2024-11-12 1 0 JACOB YAU P01560332 4089988400 2023 2024-10-15 13:58:12Z MARINA GORBIS 201 HAMILTON AVENUE PALO ALTO CA 94301 9475450 0 X WWW.IFTF.ORG X 1968 CA IFTF PROVIDES EDUCATION AND FORESIGHT RESEARCH FOR ORGANIZATIONS, LEADERS AND THE PUBLIC. 10 7 40 7 0 0 12325 22015 13312593 9443393 1971 8574 4381 1468 13331270 9475450 0 2000 0 0 8843270 7549253 0 0 30902 3921633 3860331 12764903 11411584 566367 -1936134 8524539 5244875 4512229 3168699 4012310 2076176 X INSTITUTE FOR THE FUTURE IS THE WORLD'S LEADING FUTURES ORGANIZATION. OUR MISSION IS TO PREPARE THE WORLD TO CREATE BETTER, MORE EQUITABLE FUTURES BY DISRUPTING SHORT-TERM THINKING WITH VISIONS OF TRANSFORMATIVE POSSIBILITIES. 0 0 3129874 0 3965968 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. 2771123 0 3600639 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. 951974 0 962848 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. 3035285 2000 915406 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. 3035285 2000 915406 9888256 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X JEAN HAGAN 6508546322 201 HAMILTON AVENUE PALO ALTO CA 94301 MARINA GORBIS EXECUTIVE DIRECTOR 40.00 X X 299436 0 62252 JEAN HAGAN EXECUTIVE PRODUCER 40.00 X X 232330 0 67661 LYN JEFFERY RESEARCH DIRECTOR 40.00 X X 249976 0 36148 STEVE MILOVICH BOARD CHAIR 1.30 X X 0 0 0 BERIT ASHLA INDEPENDENT TRUSTEE 1.30 X 0 0 0 KAREN EDWARDS INDEPENDENT TRUSTEE 1.30 X 0 0 0 MARIANNE JACKSON INDEPENDENT TRUSTEE 1.30 X 0 0 0 LAWRENCE WILKINSON INDEPENDENT TRUSTEE 1.30 X 0 0 0 DAVID THIGPEN INDEPENDENT TRUSTEE 1.30 X 0 0 0 ART TAYLOR INDEPENDENT TRUSTEE 1.30 X 0 0 0 RODRIGO FALCON RESEARCH DIRECTOR 40.00 X 240424 0 36625 KATHERINE FULLER DIR OF FINANCE & ADMINISTRATION 40.00 X 200900 0 59172 JOHN CLAMME DIR OF STRAT GROWTH (THRU 6/30/23) 40.00 X 180470 0 28343 DYLAN HENDRICKS RESEARCH DIRECTOR 40.00 X 176576 0 21008 ROBERT JOHANSEN DISTINGUISHED FELLOW 40.00 X 250457 0 54923 MICHAEL NESS DIRECTOR OF SALES (THRU 6/30/23) 40.00 X 202883 0 27011 JEFF YANG RESEARCH DIRECTOR (THRU 7/12/23) 40.00 X 161881 0 13110 JANE MCGONIGAL RESEARCH DIRECTOR 40.00 X 219569 0 45117 TOSHI HOO RESEARCH DIRECTOR 40.00 X 168263 0 34815 2583165 0 486185 34 0 1 0 0 22015 22015 MEMBERSHIP DUES 541700 5592787 5592787 PROGRAM SERVICE REVENU 541700 3836978 3836978 PUBLICATION INCOME 513190 13628 13628 9443393 8574 8574 OTHER REVENUE 900099 1468 1468 1468 9475450 9444861 0 8574 X 2000 2000 1891325 1680701 202882 7742 4304811 3856660 429870 18281 439299 380967 56456 1876 497089 419916 75339 1834 416729 370301 45259 1169 30198 21441 8757 160608 114032 46576 1200663 1151808 48855 2000 2000 199570 155402 44168 192924 139952 52972 1058021 707651 350370 310789 294251 16538 1244 1244 59576 42299 17277 206006 146264 59742 41059 29152 11907 BAD DEBT EXPENSES 294506 294506 DUES & SUBSCRIPTIONS 83618 60609 23009 PRINTING & PUBLICATIONS 19549 19100 449 11411584 9888256 1492426 30902 2030323 907503 447889 816339 3984691 2446565 1664654 683961 1763843 1657332 253128 106511 143854 283996 8524539 5244875 2436529 1090292 1100018 935704 0 1000000 975682 142703 4512229 3168699 X 3170594 1834460 841716 241716 4012310 2076176 8524539 5244875 -1936134 0 X 0 1 X 1 0 X 135944 29343 2300010 112325 22015 2599637 13242027 9221163 11938212 13216974 9444861 57063237 13377971 9250506 14238222 13329299 9466876 59662874 54270 10000 5000 8000 77270 4487548 3044155 2423012 4327241 3310288 17592244 4541818 3044155 2433012 4332241 3318288 17669514 41993360 22582 3282 1695 1971 8574 38104 22582 3282 1695 1971 8574 38104 13400553 9253788 14239917 13331270 9475450 59700978 0.70340 0.70280 0.00060 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 937824 896307 41517 223533 188227 35306 602486 572798 29688 106511 DEPOSITS 143854 RIGHT OF USE ASSET 140142 283996 OPERATING LEASE LIABILITY 142703 142703 X 9475450 0 9475450 0 9475450 11411584 0 11411584 0 11411584 PART X, LINE 2: THE INSTITUTE HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL AND STATE INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. IN ADDITION, THE INSTITUTE HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATED THE INSTITUTE'S TAX POSITIONS AND CONCLUDED THAT THE INSTITUTE HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. X X X X X 1 0 0 0 0 0 0 0 0 MARINA GORBIS EXECUTIVE DIRECTOR 273924 0 25512 0 0 0 27392 0 34860 0 361688 0 0 0 ROBERT JOHANSEN DISTINGUISHED FELLOW 236272 0 14185 0 0 0 23627 0 31296 0 305380 0 0 0 JEAN HAGAN EXECUTIVE PRODUCER 219527 0 12803 0 0 0 21953 0 45708 0 299991 0 0 0 LYN JEFFERY RESEARCH DIRECTOR 230315 0 19661 0 0 0 23032 0 13116 0 286124 0 0 0 RODRIGO FALCON RESEARCH DIRECTOR 228133 0 12291 0 0 0 22813 0 13812 0 277049 0 0 0 JANE MCGONIGAL RESEARCH DIRECTOR 204332 0 15237 0 0 0 20433 0 24684 0 264686 0 0 0 KATHERINE FULLER DIR OF FINANCE & ADMINISTRATION 194163 0 6737 0 0 0 19416 0 39756 0 260072 0 0 0 MICHAEL NESS DIRECTOR OF SALES (THRU 6/30/23) 146687 0 9366 0 46830 0 14669 0 12342 0 229894 0 0 0 JOHN CLAMME DIR OF STRAT GROWTH (THRU 6/30/23) 149634 0 11931 0 18905 0 14963 0 13380 0 208813 0 0 0 TOSHI HOO RESEARCH DIRECTOR 159871 0 8392 0 0 0 15987 0 18828 0 203078 0 0 0 DYLAN HENDRICKS RESEARCH DIRECTOR 167389 0 9187 0 0 0 16739 0 4269 0 197584 0 0 0 JEFF YANG RESEARCH DIRECTOR (THRU 7/12/23) 131100 0 15244 0 15537 0 13110 0 0 0 174991 0 0 0 PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENT IN CALENDAR YEAR 2023: - MICHAEL NESS, DIRECTOR OF SALES: $46,830 - JEFF YANG, RESEARCH DIRECTOR: $15,537 - JOHN CLAMME, DIRECTOR OF STRATEGIC GROWTH: $18,905 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWED THE DRAFT FORM 990 AND MET IN ORDER TO PROVIDE A FORUM TO ASK ANY QUESTIONS OF THE DIRECTOR OF FINANCE, EXECUTIVE DIRECTOR, OR THE TAX PREPARER. THE AUDIT COMMITTEE CHAIR THEN PROVIDED THE DRAFT FORM 990 TO THE BOARD CHAIR FOR REVIEW AND APPROVAL. UPON APPROVAL CHAIRMAN DIRECTED THE DIRECTOR OF FINANCE TO FINALIZE AND TO FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C IFTF DIRECTORS, OFFICERS, KEY EMPLOYEES, ALL STAFF, AND CONTRACTORS SIGN A NONDISCLOSURE AGREEMENT CONTAINING A CONFLICT OF INTEREST POLICY. STAFF AND CONTRACTORS ARE REQUIRED TO INFORM IFTF OF POTENTIAL CONFLICTS. THE ORGANIZATION EMPLOYS A STRONG WEB PROCESS TO SEARCH FOR OUTSIDE ARTICLES/INFORMATION AND UTILIZES STRONG STAFF COMMUNICATIONS TO MONITOR ANY ISSUES. IFTF PROGRAM DIRECTORS AND RESEARCH MANAGERS WORK DIRECTLY WITH CONSULTANTS TO UNDERSTAND THEIR OUTSIDE PROJECTS AND NOTIFY MANAGEMENT ACCORDINGLY. IFTF BOARD MEMBERS ARE DIRECTED BY A CHARTER AND ROLES AND RESPONSIBILITIES DOCUMENTATION MAINTAINING CONFLICTS OF INTEREST AS WELL AS WHISTLEBLOWER POLICIES. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR (CEO) COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES UPON COMPLETION OF EXECUTIVE DIRECTOR'S ANNUAL REVIEW WITH THE BOARD. IN 2011, AND INDEPENDENT CONSULTANT PERFORMED A COMPENSATION STUDY TO DETERMINE IF ORGANIZATIONAL SALARIES FOR THE EXECUTIVE DIRECTOR, MANAGEMENT TEAM, AND RESEARCH STAFF WERE IN-LINE WITH OTHER NONPROFITS AND/OR SIMILAR RESEARCH ORGANIZATIONS. OUTSIDE SURVEYS, INTERVIEWS, AND OTHER REGIONAL BENCHMARKS WERE USED AS A COMPARATIVE BASE. A PROPOSAL IS ALSO PROVIDED TO THE BOARD AS PART OF THE ANNUAL MEETING'S YEARLY BUDGET APPROVAL PROCESS BY THE BOARD, INCLUDING FULL STAFF SALARIES AND INCENTIVE COMPENSATION ACCRUALS AND DISTRIBUTIONS. NO SALARY INCREASES OR INCENTIVE COMPENSATION IS PAID OUT WITHOUT THE BOARD APPROVAL OF THE PROPOSAL. THE BOARD MAINTAINS THE RIGHT TO ASK FOR ANY ADJUSTMENTS TO THE PROPOSAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,081,478. MANAGEMENT AND GENERAL EXPENSES 48,855. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,130,333. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 70,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,330.