Nonprofit · EIN 93-3537739
HALCYON FUTURES INC
Tax-exempt · SANTA MONICA, CA 90401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,116,383 | $1,706,677 | $409,706 | $3,348,422 | $972,030 | $2,376,392 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,026,675
- Program service revenue
- $0
- Investment income
- $89,708
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $611,455
- Compensation of officers, directors and key employees
- $306,214
- Other salaries and wages
- $153,662
- Salaries, compensation and benefits (total)
- $509,919
- Professional fundraising fees
- $0
- Legal fees
- $18,605
- Accounting fees
- $29,225
- Occupancy
- $37,657
- Travel
- $42,514
- Depreciation
- $2,064
- Program services (functional)
- $1,353,027
- Management and general (functional)
- $336,140
- Fundraising (functional)
- $17,510
Balance sheet and other
- Total assets, start of year
- $2,912,229
- Total assets, end of year
- $3,348,422
- Total liabilities, end of year
- $972,030
- Net assets, end of year
- $2,376,392
- Land, buildings and equipment
- $5,295
- Net assets without donor restrictions
- $2,376,392
- Gross receipts
- $2,116,383
- Employees
- 2
- Volunteers
- 2
- Year formed
- 2023
- State of legal domicile
- DE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MCCORMICK | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $283,181 | $23,033 |
| SHELBY SUMMERFIELD | HEAD OF OPERATIONS Highest-paid employee | 40 | $153,662 | $18,390 |
| MAX HENDERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KELLIE LIKET | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 312 ARIZONA AVE, SANTA MONICA, CA 90401-1306
- Principal officer (990 for 2024)
- MICHAEL MCCORMICK, 312 ARIZONA AVE 206, SANTA MONICA, CA 90401
- Signed the 990
- MICHAEL MCCORMICK, CHIEF EXECUTIVE OFFICER
- Phone
- (502) 727-7119
- Return prepared by
- LANE & COMPANY CPAS
Mission
HALCYON FUTURES IS HOME TO ESTABLISHED LEADERS FROM BUSINESS, TECHNOLOGY, AND PUBLIC POLICY. WE HELP THEM FOUND NEW AMBITIOUS PROJECTS OR TAKE ON SENIOR ROLES AT EXISTING HIGH-IMPACT ORGANIZATIONS.
Program accomplishments
- IN 2024, HALCYON RAN PROGRAMS SUCH AS CONFERENCES, MEETINGS, AND RETREATS RELATED TO ITS EXEMPT PURPOSE FOR HALCYON COHORT MEMBERS. THE ORGANIZATION OFFERED GRANTS TO HALCYON COHORT MEMBERS WHO WERE STARTING NEW MISSION-ALIGNED ORGANIZATIONS AS WELL AS TO OTHER NONPROFIT ORGANIZATIONS.Expenses $1,353,027 · grants $611,455
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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-3537739
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $3,348,422
- Income (IRS master file)
- $2,116,383
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,567,280 | $141,458 | $3,440,099 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about HALCYON FUTURES INC
- What is the EIN of HALCYON FUTURES INC?
- The employer identification number (EIN) of HALCYON FUTURES INC is 93-3537739.
- Is HALCYON FUTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to HALCYON FUTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HALCYON FUTURES 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 HALCYON FUTURES 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 HALCYON FUTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HALCYON FUTURES INC?
- The 990 for the year ended December 31, 2024 names MICHAEL MCCORMICK.
- Who are the officers and directors of HALCYON FUTURES INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $283,181 (MICHAEL MCCORMICK, CHIEF EXECUTIVE OFFICER).
- How much revenue does HALCYON FUTURES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,116,383, expenses of $1,706,677 and total assets of $3,348,422 at year end.
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