Nonprofit · EIN 95-2540449
INSTITUTE FOR THE FUTURE
Tax-exempt · PALO ALTO, CA 94306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,909,808 | $9,432,307 | -$522,499 | $5,292,121 | $3,738,444 | $1,553,677 |
| December 31, 2023 | 990 | $9,475,450 | $11,411,584 | -$1,936,134 | $5,244,875 | $3,168,699 | $2,076,176 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,805
- Program service revenue
- $8,816,285
- Investment income
- $5,415
- Other revenue
- $68,303
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,747,185
- Other salaries and wages
- $3,385,421
- Salaries, compensation and benefits (total)
- $5,979,072
- Professional fundraising fees
- $0
- Legal fees
- $111,232
- Accounting fees
- $94,852
- Occupancy
- $1,274,636
- Travel
- $257,459
- Depreciation
- $89,449
- Program services (functional)
- $8,414,028
- Management and general (functional)
- $996,321
- Fundraising (functional)
- $21,958
Balance sheet and other
- Total assets, start of year
- $5,244,875
- Total assets, end of year
- $5,292,121
- Total liabilities, end of year
- $3,738,444
- Net assets, end of year
- $1,553,677
- Land, buildings and equipment
- $49,460
- Net assets without donor restrictions
- $1,550,644
- Net assets with donor restrictions
- $3,033
- Gross receipts
- $8,909,808
- Employees
- 35
- Volunteers
- 6
- Year formed
- 1968
- State of legal domicile
- CA
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 |
|---|---|---|---|---|
| JEAN HAGAN | EXECUTIVE PRODUCER Trustee or director, Officer | 40 | $226,970 | $71,513 |
| MARINA GORBIS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $218,930 | $59,117 |
| LYN JEFFERY | RESEARCH DIRECTOR Trustee or director, Officer | 40 | $230,821 | $37,098 |
| RODRIGO FALCON | RESEARCH DIRECTOR Officer | 40 | $228,593 | $37,619 |
| RACHEL HATCH | CHIEF OPERATING OFFICER Key employee | 40 | $204,955 | $58,032 |
| ROBERT JOHANSEN | DISTINGUISHED FELLOW Highest-paid employee | 40 | $190,551 | $52,475 |
| JANE MCGONIGAL | RESEARCH DIRECTOR Highest-paid employee | 40 | $171,501 | $41,978 |
| JAKE DUNAGAN | RESEARCH DIRECTOR Highest-paid employee | 40 | $148,686 | $54,373 |
| KATIE FULLER | DIRECTOR OF FINANCE & ADMINISTRATION Officer | 40 | $153,824 | $43,686 |
| TOSHI HOO | RESEARCH DIRECTOR Highest-paid employee | 40 | $158,070 | $34,731 |
| RACHEL MAGUIRE | RESEARCH DIRECTOR Highest-paid employee | 40 | $150,173 | $32,293 |
| DYLAN HENDRICKS | RESEARCH DIRECTOR Officer | 40 | $156,694 | $19,333 |
| STEVE MILOVICH | BOARD CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| BERIT ASHLA | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 | $0 |
| KAREN EDWARDS | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIANNE JACKSON | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 |
| LAWRENCE WILKINSON | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 |
| ART TAYLOR | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARINA GORBIS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $299,436 | $62,252 |
| ROBERT JOHANSEN | DISTINGUISHED FELLOW Highest-paid employee | 40 | $250,457 | $54,923 |
| JEAN HAGAN | EXECUTIVE PRODUCER Trustee or director, Officer | 40 | $232,330 | $67,661 |
| LYN JEFFERY | RESEARCH DIRECTOR Trustee or director, Officer | 40 | $249,976 | $36,148 |
| RODRIGO FALCON | RESEARCH DIRECTOR Officer | 40 | $240,424 | $36,625 |
| JANE MCGONIGAL | RESEARCH DIRECTOR Highest-paid employee | 40 | $219,569 | $45,117 |
| KATHERINE FULLER | DIR OF FINANCE & ADMINISTRATION Officer | 40 | $200,900 | $59,172 |
| MICHAEL NESS | DIRECTOR OF SALES (THRU 6/30/23) Highest-paid employee | 40 | $202,883 | $27,011 |
| JOHN CLAMME | DIR OF STRAT GROWTH (THRU 6/30/23) Officer | 40 | $180,470 | $28,343 |
| TOSHI HOO | RESEARCH DIRECTOR Highest-paid employee | 40 | $168,263 | $34,815 |
| DYLAN HENDRICKS | RESEARCH DIRECTOR Officer | 40 | $176,576 | $21,008 |
| JEFF YANG | RESEARCH DIRECTOR (THRU 7/12/23) Highest-paid employee | 40 | $161,881 | $13,110 |
| STEVE MILOVICH | BOARD CHAIR Trustee or director, Officer | 1.3 | $0 | $0 |
| BERIT ASHLA | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 | $0 |
| KAREN EDWARDS | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 | $0 |
| MARIANNE JACKSON | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 | $0 |
| LAWRENCE WILKINSON | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 | $0 |
| DAVID THIGPEN | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 | $0 |
| ART TAYLOR | INDEPENDENT TRUSTEE Trustee or director | 1.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 290 S CALIFORNIA AVENUE 200, PALO ALTO, CA 94306-1618
- In care of
- % KIM LAWRENCE
- Principal officer (990 for 2024)
- MARINA GORBIS, 201 HAMILTON AVENUE, PALO ALTO, CA 94301
- Signed the 990
- MARINA GORBIS, EXECUTIVE DIRECTOR
- Phone
- (650) 854-6322
- Website
- WWW.IFTF.ORG
- Return prepared by
- HOOD & STRONG LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2540449 or by the name INSTITUTE FOR THE FUTURE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- 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.Expenses $4,690,401 · revenue $5,617,783
- 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.Expenses $2,443,168 · revenue $2,403,001
- 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.Expenses $786,625 · revenue $795,804
- 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.Expenses $493,834 · revenue $68,000
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-2540449
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $5,282,682
- Income (IRS master file)
- $8,816,508
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,909,808 | $9,432,307 | $5,292,121 | XML |
| 990 | December 2023 | $9,475,450 | $11,411,584 | $5,244,875 | XML |
| 990 | December 2022 | $13,331,270 | $12,764,903 | $8,524,539 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 95-2540449).
Questions about INSTITUTE FOR THE FUTURE
- What is the EIN of INSTITUTE FOR THE FUTURE?
- The employer identification number (EIN) of INSTITUTE FOR THE FUTURE is 95-2540449.
- Is INSTITUTE FOR THE FUTURE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to INSTITUTE FOR THE FUTURE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR THE FUTURE 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 INSTITUTE FOR THE FUTURE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR THE FUTURE 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 INSTITUTE FOR THE FUTURE?
- The 990 for the year ended December 31, 2024 names MARINA GORBIS.
- Who are the officers and directors of INSTITUTE FOR THE FUTURE?
- The 990 for the year ended December 31, 2024 lists 18 people; 12 received compensation from the organization, the highest $226,970 (JEAN HAGAN, EXECUTIVE PRODUCER).
- How much revenue does INSTITUTE FOR THE FUTURE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,909,808, expenses of $9,432,307 and total assets of $5,292,121 at year end.
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