Nonprofit · EIN 87-2375092
BOUNDLESS FUTURES FOUNDATION
Tax-exempt · TRAVERSE CITY, MI 49685
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,636,753 | $822,406 | $814,347 | $80,266 | $8,998 | $71,268 |
| December 31, 2023 | 990-PF | $117,188 | $117,188 | $0 | $0 | $0 | $0 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $888,328
- Dividends
- $83
- Net gain from sales of assets
- $748,342
Expenses
- Grants and similar amounts paid
- $510,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $807,471
- Excise tax on investment income
- $10,362
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $80,266
- Total liabilities, end of year
- $8,998
- Net assets, end of year
- $71,268
- Fair market value of assets
- $80,266
- Qualifying distributions
- $807,471
- Net investment income
- $748,425
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MCKEEL O HAGERTY PO Box 1041, Traverse City, MI 49685 | President/Director | 1 | $0 |
| Soon Hagerty PO Box 1041, Traverse City, MI 49685 | Secretary/Treasurer/Director | 1 | $0 |
| Jessica Sullivan PO Box 1041, Traverse City, MI 49685 | VP & Executive Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MCKEEL O HAGERTY PO Box 1041, Traverse City, MI 49685 | President/Director | 1 | $0 |
| Soon Hagerty PO Box 1041, Traverse City, MI 49685 | Secretary/Treasurer/Director | 1 | $0 |
| Jessica Sullivan PO Box 1041, Traverse City, MI 49685 | VP & Executive Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1041, TRAVERSE CITY, MI 49685-1041
- In care of
- % JESSICA SULLIVAN
- Signed the 990-PF
- Jessica Sullivan, Executive Director
- Phone
- (231) 492-6798
- Website
- BOUNDLESSFUTURES.ORG
- Return prepared by
- BDO USA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-2375092
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $80,266
- Income (IRS master file)
- $1,783,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,636,753 | $822,406 | $80,266 | IRS |
| 990-PF | December 2023 | $117,188 | $117,188 | $0 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-2375092).
Questions about BOUNDLESS FUTURES FOUNDATION
- What is the EIN of BOUNDLESS FUTURES FOUNDATION?
- The employer identification number (EIN) of BOUNDLESS FUTURES FOUNDATION is 87-2375092.
- Is BOUNDLESS FUTURES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BOUNDLESS FUTURES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BOUNDLESS FUTURES FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BOUNDLESS FUTURES FOUNDATION 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 BOUNDLESS FUTURES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of BOUNDLESS FUTURES FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BOUNDLESS FUTURES FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,636,753, expenses of $822,406 and total assets of $80,266 at year end.
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All nonprofits in TRAVERSE CITY · Michigan · Youth development