Nonprofit · EIN 83-1665055
FUTURE ECONOMY COLLECTIVE
Also known as LAGOON
Tax-exempt · VIRGINIA BCH, VA 23462
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-EZ | $35,456 | $16,297 | $19,159 | $28,801 | – | $28,801 |
| July 31, 2024 | 990-EZ | $25,185 | $39,103 | -$13,918 | $9,642 | $0 | $9,642 |
Financial details: 990-EZ for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $35,456
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $150
- Occupancy
- $8,994
- Printing, publications and postage
- $395
- Other expenses
- $6,758
Balance sheet and other
- Total assets, start of year
- $9,642
- Total assets, end of year
- $28,801
- Total liabilities, end of year
- –
- Net assets, end of year
- $28,801
- Cash, savings and investments
- $28,801
- Gross receipts
- $35,456
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-EZ for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric McCargo | Director | 4 | $0 |
| Mathias Baker | Secretary | 8 | $0 |
| Tristan Mortensen | Treasurer | 12 | $0 |
990-EZ for the year ended July 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric McCargo | Director | 4 | $0 |
| Mathias Baker | Secretary | 8 | $0 |
| Abram Lee | Treasurer | 12 | $0 |
Address and contacts
- Address (IRS master file)
- 4445 CORPORATION LN STE 264, VIRGINIA BCH, VA 23462-3671
- In care of
- % MOLLY GRAHAM
- Mailing address (990-N for 2019)
- 4445 Corporation Lane STE 264, Virginia Beach VA 23462
- Principal officer (990-N for 2019)
- Molly Graham, 2300 San Marcos St, Blacksburg VA 24060
- Signed the 990-EZ
- Tristan Mortensen, Treasurer
Mission
1. To build communities by seeking out alternative forms of collaboration 2. To create spaces that promote collective growth education and liberation 3. To utilize our skills to support a future based in mutual aid
Program accomplishments
- Providing a community space for events for meeting space for community members to gather and use collaborative approaches to community problems for maintaining a cafe space where people can volunteer and receive food for free for mutual aid packing and storage. Number of persons benefited: 4970
- Delivered meals pantry staples and toiletries to people through our community fridge and pantry program. Distributed mutual aid support and disaster relief to community members in need of transportation in need of housing and electricity support and with medical emergencies. Number of persons benefited: 5,475
- Educational programming for environmental awareness and community building through all of our fiscal sponsees and community partners. Educational programming means space rentals movie screening payments to rent educational films and to rent movie theaters in our region food and catering for events art supplies and signage for events and gas to travel to educational events. Number of persons benefited through estimated attendance is 5,000.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-EZ on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-1665055
- 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
- 2018
- Accounting year ends
- July
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S21)
- Assets (IRS master file)
- $28,801
- Income (IRS master file)
- $35,456
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | July 2025 | $35,456 | $16,297 | $28,801 | XML |
| 990-EZ | July 2024 | $25,185 | $39,103 | $9,642 | XML |
| 990-EZ | July 2023 | – | – | – | IRS |
| 990-EZ | July 2022 | – | – | – | IRS |
| 990-EZ | July 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Molly Graham | July 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-1665055).
Questions about FUTURE ECONOMY COLLECTIVE
- What is the EIN of FUTURE ECONOMY COLLECTIVE?
- The employer identification number (EIN) of FUTURE ECONOMY COLLECTIVE is 83-1665055.
- Is FUTURE ECONOMY COLLECTIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to FUTURE ECONOMY COLLECTIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUTURE ECONOMY COLLECTIVE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FUTURE ECONOMY COLLECTIVE due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUTURE ECONOMY COLLECTIVE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended July 2025.
- Who is the principal officer of FUTURE ECONOMY COLLECTIVE?
- The 990-N for 2019 names Molly Graham.
- Who are the officers and directors of FUTURE ECONOMY COLLECTIVE?
- The 990-EZ for the year ended July 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FUTURE ECONOMY COLLECTIVE have?
- On its 990-EZ for the year ended July 31, 2025 it reported revenue of $35,456, expenses of $16,297 and total assets of $28,801 at year end.
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All nonprofits in VIRGINIA BCH · Virginia · Community improvement and capacity building