Nonprofit · EIN 58-2636418
FUTURE FOUNDATION INC
Tax-exempt · EAST POINT, GA 30344
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $1,357,244 | $1,620,907 | -$263,663 | $187,694 | $252,726 | -$65,032 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $1,302,918
- of which government grants
- $952,971
- Program service revenue
- $0
- Investment income
- $38,948
- Net gain from sales of assets
- $38,947
- Other revenue
- $15,378
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $141,146
- Other salaries and wages
- $611,722
- Salaries, compensation and benefits (total)
- $815,289
- Professional fundraising fees
- $81,550
- Accounting fees
- $99,326
- Occupancy
- $60,001
- Travel
- $21,067
- Depreciation
- $46,007
- Program services (functional)
- $1,272,372
- Management and general (functional)
- $205,483
- Fundraising (functional)
- $143,052
Balance sheet and other
- Total assets, start of year
- $450,870
- Total assets, end of year
- $187,694
- Total liabilities, end of year
- $252,726
- Net assets, end of year
- -$65,032
- Land, buildings and equipment
- $67,636
- Net assets without donor restrictions
- -$65,032
- Gross receipts
- $1,357,244
- Employees
- 59
- Volunteers
- 70
- Year formed
- 2001
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ronette Smith | CEO Officer | 40 | $135,000 | $6,146 |
| Felicia Allen | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| W Imara Canady | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andrew Hamett | Director Trustee or director | 1 | $0 | $0 |
| Jeetendra Kumar | Director Trustee or director | 1 | $0 | $0 |
| Jenn Leahy | Director Trustee or director | 1 | $0 | $0 |
| Jonas Rhoden | Director Trustee or director | 1 | $0 | $0 |
| Juius Shareef Abdur-Rahim | Founder / Director Trustee or director | 1 | $0 | $0 |
| Pia Forbes | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1892 WASHINGTON RD, EAST POINT, GA 30344-4137
- In care of
- % JAMES TYSON
- Principal officer (990 for 2023)
- Charmaine Chin, 1892 Washington Road, Atlanta, GA 30344
- Signed the 990
- Charmaine Chin, Board Chair
- Phone
- (404) 766-0510
- Website
- future-foundation.com
- Return prepared by
- Mauldin & Jenkins LLC
Mission
Future Foundation is leveling the playing field for youth caught in a cycle of generational poverty by serving as a second family, providing exposure to new experiences, and reinforcing the skills needed for adulthood.
Program accomplishments
- Since 2001, the Future Foundation has focused on five critical interdependent areas of young peoples' lives - relationships, health, life skills, academics, and family - and provided related resources to their families as well, so that both generations can make progress together. The Foundation's ultimate goal is to end the pervasive cycle of generational poverty in Atlanta, GA.Expenses $1,272,372
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-2636418
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $187,694
- Income (IRS master file)
- $1,357,244
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $1,357,244 | $1,620,907 | $187,694 | XML |
| 990 | December 2022 | $1,811,859 | $1,757,025 | $450,870 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2636418).
Questions about FUTURE FOUNDATION INC
- What is the EIN of FUTURE FOUNDATION INC?
- The employer identification number (EIN) of FUTURE FOUNDATION INC is 58-2636418.
- Is FUTURE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to FUTURE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUTURE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FUTURE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUTURE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of FUTURE FOUNDATION INC?
- The 990 for the year ended December 31, 2023 names Charmaine Chin.
- Who are the officers and directors of FUTURE FOUNDATION INC?
- The 990 for the year ended December 31, 2023 lists 9 people; 1 received compensation from the organization, the highest $135,000 (Ronette Smith, CEO).
- How much revenue does FUTURE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $1,357,244, expenses of $1,620,907 and total assets of $187,694 at year end.
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