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Rotary Futures Program INC FY2024 filing

Tax-deductible

Venice, FL501(c)(3)Human ServicesEIN 02-0583160Revenue $257K in FY2024

On file with the IRSrotaryfutures.org1 Indian Ave, 34285-2632 · Venice, FLTax-exempt since Jan 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Assist student with post-secondary education needs.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $53K a year · 24% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 26.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
+15% vs prior year
Spent
$187K
To programs
78%
Net assets
$435K
By yearFY2020–FY2025
Revenue
$257K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$165K
FY2021$131K
FY2022$158K
FY2023$223K
FY2024$257K
FY2025$173K
Expenses
$187K
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$148K
FY2024$187K
FY2025$159K
Net assets
$435K
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$247K
FY2021$265K
FY2022$292K
FY2023$367K
FY2024$435K
FY2025$447K

From the FY2024 Form 990 (year ending September 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $145K Management & general 4% · $8K Fundraising 18% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Thomas Hanks
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Caitlin Joyner
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rotary Futures Program INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps students achieve their post-secondary education goals.

Questions for Rotary Futures Program INC

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Provided by the organization

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1 program · $145K · in their own filed words · FY2023
01

Assist high school students search for and obtain career information, financial aid and scholarships.

$145Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Gulf Coast Community Foundation INCFY2024$18K
Community Foundation of Sarasota County INCFY2024$13K
Total grants receivedfrom 2 funders$30K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$257K
Ln 12
Gifts and grantsLn 1h$219K
Fees for servicesLn 2g$28K
Investment incomeLn 3$11K
Money outPt IX
$187K
Ln 25
Programscol B$145K
Managementcol C$8K
Fundraisingcol D$33K
Owns and owesPt X
$435K
net assets · Ln 32
Cash and savingsLn 1–2$418K
Total assetsLn 16$437K
LiabilitiesLn 26$2K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$219K
Fundraising eventsLn 1c$130K
Fees for servicesLn 2g$28K
Investment incomeLn 3$11K
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$342K
Cash and savings togetherLn 1–2$418K
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$437K
LiabilitiesLn 26$2K
Net assetsLn 32$435K
OperationsPt I, VI
EmployeesI 53
VolunteersI 625
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$353K$418K
Land, buildings, equipmentLn 10c$18K$18K
Total assetsLn 16$371K$437K
LiabilitiesLn 26$4K$2K
Net assetsLn 32$367K$435K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$38K$38K
Other salaries and wagesLn 7$78K$78K
Payroll taxesLn 10$6K$6K
Other fees for servicesLn 11g$18K$17K$900
Office expensesLn 13$4K$2K$3K
Conferences, conventions and meetingsLn 19$37K$7K$31K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$2K$2K
All other expensesLn 24e$338$338
Total functional expensesLn 25$187K$145K$8K$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $173K$159K$14K$447K 990 PDF
FY2024 Viewing $257K$187K$71K$435K 990 PDF
FY2023 $223K$148K$75K$367K 990 PDF
FY2022 $158K$292K 990 PDF
FY2021 $131K$265K 990 PDF
FY2020 $165K$247K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $257,363 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $201,911$218,958
I-9 Program service revenuePrior year $16,148$27,511
I-10 Investment incomePrior year $4,812$10,894
I-11 Other revenue$0
I-12 Total revenuePrior year $222,871$257,363
I-13 Grants and similar amounts paidPrior year $28,000$38,000
I-14 Benefits paid to membersPrior year $285$0
I-15 Salaries and benefitsPrior year $69,528$84,126
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $50,485$64,646
I-18 Total expensesPrior year $148,298$186,772
I-19 Revenue less expensesPrior year $74,573$70,591
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $257,363 across 6 lines filed
VIII-1c Fundraising events$130,016
VIII-1f All other contributions, gifts and grants$88,942
VIII-1h Total contributions, gifts and grants$218,958
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,511$27,511
VIII-3 Investment incomeRelated to mission $10,894$10,894
VIII-12 Total revenueRelated to mission $38,405 · Unrelated business $0 · Excluded from tax $0$257,363
Part IX · Statement of functional expenses $186,772 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $38,000$38,000
IX-7 Other salaries and wagesPrograms $78,472$78,472
IX-10 Payroll taxesPrograms $5,654$5,654
IX-11g Other fees for servicesPrograms $16,705 · Management $900$17,605
IX-13 Office expensesManagement $1,686 · Fundraising $2,549$4,235
IX-19 Conferences, conventions and meetingsPrograms $6,529 · Fundraising $30,786$37,315
IX-23 InsuranceManagement $2,787$2,787
IX-24 Other expenses (24a–d)Management $2,366$2,366
IX-24e All other expensesManagement $338$338
IX-25 Total functional expensesPrograms $145,360 · Management $8,077 · Fundraising $33,335$186,772
Part X · Balance sheet $436,525 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $31,215$75,646
X-2 Savings and temporary cash investmentsStart of year $321,711$342,459
X-4 Accounts receivable$600
X-10c Land, buildings and equipment, netStart of year $17,820$17,820
X-16 Total assetsStart of year $370,746$436,525
X-17 Accounts payable and accrued expensesStart of year $3,780$1,868
X-26 Total liabilitiesStart of year $3,780$1,868
X-27 Net assets without donor restrictionsStart of year $333,328$403,919
X-28 Net assets with donor restrictionsStart of year $33,638$30,738
X-32 Total net assets or fund balancesStart of year $366,966$434,657
X-33 Total liabilities and net assetsStart of year $370,746$436,525
Part XI · Reconciliation of net assets $434,657 net assets at year end
XI-1 Total revenue$257,363
XI-2 Total expenses$186,772
XI-3 Revenue less expenses$70,591
XI-4 Net assets at start of year$366,966
XI-9 Other changes in net assets−$2,900
XI-10 Net assets at end of year$434,657

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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