Futures Incorporated FY2024 filing

Tax-deductible

West Hartford, CT501(c)(3)Since 1997Human ServicesEIN 06-1484116

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Futures, Incorporated was established to improve the quality of life of individuals with disabilities, as well as their families, through community based services.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$408K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $912K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$408K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.9M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.5M
+2% vs prior year
Spent
$7.7M
To programs
87%
Net assets
$8.0M
By yearFY2020–FY2024
Revenue
$8.5M
FY2024▲ +2%
Revenue by fiscal year
FY2020$6.6M
FY2021$7.5M
FY2022$7.3M
FY2023$8.3M
FY2024$8.5M
FY2024$0
Expenses
$7.7M
FY2024▲ +3%
Expenses by fiscal year
FY2020$5.9M
FY2021$5.8M
FY2022$6.9M
FY2023$7.4M
FY2024$7.7M
FY2024$0
Net assets
$8.0M
FY2024▲ +18%
Net assets by fiscal year
FY2020$3.7M
FY2021$5.6M
FY2022$5.8M
FY2023$6.8M
FY2024$8.0M
FY2024$8.0M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1998.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $6.7M Management & general 13% · $972K

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

6 people listed on the 990; $408K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/Ce
$283,822Pt VII · Sec A
Exec Dir/CFO
$123,937Pt VII · Sec A
President/Co
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Pamela Donaroma’s $284K as President/Ce is at the 100th percentile of top reported officer pay among 202 <$100K human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Pamela Donaroma$283,822$258,025$256,703$242,827$183,198
Damion Williams$123,937$127,128$127,441$101,391$85,380
Dr Orville Karan—$26,474$29,483$27,775$27,690

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves lives of individuals with disabilities and their families through community services.

Provided by the organization

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3 program services account for $6.7M of program spending, described in the organization's own filed words · FY2023.
01

Futures School

A special education school approved by the state department of education for students with special needs. The school serves students between the ages of 14 and 21.

$3.2Mprogram expense
02

Employment services for individuals with disabilities. Community inclusion service for individuals with brain injuries and intellectual disabilities.

$2.7Mprogram expense
03

Support Services

A blended school program for students who attend their district schools and work with futures' employees for a set number of hours per day or week. Services under this category include tutoring, mentoring, extended day activities, VOCATIONAL/EMPLOYMENT activities and 1:1 paraprofessional support within a student's district school.

$789Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.5M
Ln 12
Fees for servicesLn 2g$7.5M
Gifts and grantsLn 1h$905K
Other incomeLn 4–11$99K
Money outPt IX
$7.7M
Ln 25
Programscol B$6.7M
Managementcol C$972K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$11.0M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$905K
Government grantsLn 1e$597K
Fundraising eventsLn 1c$73K
Fees for servicesLn 2g$7.5M
Investment incomeLn 3$41K
Other incomeLn 4–11$99K
Total revenueLn 12$8.5M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$13K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$4.4M
Other assetsLn 15$1.4M
Total assetsLn 16$11.0M
LiabilitiesLn 26$2.9M
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 5217
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$1.2M
InvestmentsLn 11–13$1.2M$2.8M
Land, buildings, equipmentLn 10c$4.1M$4.4M
Total assetsLn 16$9.5M$11.0M
LiabilitiesLn 26$2.7M$2.9M
Net assetsLn 32$6.8M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$301K$301K
Other salaries and wagesLn 7$3.9M$3.6M$282K
Pension plan contributionsLn 8$146K$136K$11K
Other employee benefitsLn 9$274K$255K$20K
Payroll taxesLn 10$337K$313K$24K
Other fees for servicesLn 11g$339K$124K$215K
Advertising and promotionLn 12$85K$80K$5K
Office expensesLn 13$80K$75K$5K
OccupancyLn 16$383K$347K$35K
Conferences, conventions and meetingsLn 19$24K$21K$3K
InterestLn 20$32K$12K$20K
Depreciation, depletion and amortizationLn 22$246K$246K
InsuranceLn 23$114K$85K$28K
Other expenses (24a–d)Ln 24$1.0M$1.0M
All other expensesLn 24e$362K$340K$22K
Total functional expensesLn 25$7.7M$6.7M$972K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $8.5M$7.7M$893K$8.0M 990 PDF
FY2023 $8.3M$7.4M$913K$6.8M 990 PDF
FY2022 $7.3M$6.9M$470K$5.8M 990 PDF
FY2021 $7.5M$5.8M$1.6M$5.6M 990 PDF
FY2020 $6.6M$5.9M$659K$3.7M 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 (4 parts)
Part VIII · Statement of revenue $8,545,060 across 8 lines filed
VIII-1c Fundraising events$73,066
VIII-1e Government grants$596,614
VIII-1f All other contributions, gifts and grants$235,319
VIII-1h Total contributions, gifts and grants$904,999
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,500,222$7,500,222
VIII-3 Investment incomeExcluded from tax $40,913$40,913
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $98,926$98,926
VIII-12 Total revenueRelated to mission $7,599,148 · Excluded from tax $40,913$8,545,060
Part IX · Statement of functional expenses $7,651,938 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $301,136$301,136
IX-7 Other salaries and wagesPrograms $3,645,591 · Management $282,487$3,928,078
IX-8 Pension plan contributionsPrograms $135,899 · Management $10,544$146,443
IX-9 Other employee benefitsPrograms $254,563 · Management $19,750$274,313
IX-10 Payroll taxesPrograms $312,719 · Management $24,263$336,982
IX-11g Other fees for servicesPrograms $123,544 · Management $215,060$338,604
IX-12 Advertising and promotionPrograms $80,222 · Management $5,121$85,343
IX-13 Office expensesPrograms $75,434 · Management $4,720$80,154
IX-16 OccupancyPrograms $347,480 · Management $35,207$382,687
IX-19 Conferences, conventions and meetingsPrograms $21,053 · Management $3,042$24,095
IX-20 InterestPrograms $11,892 · Management $20,255$32,147
IX-22 Depreciation, depletion and amortizationPrograms $245,782$245,782
IX-23 InsurancePrograms $85,390 · Management $28,182$113,572
IX-24 Other expenses (24a–d)Programs $1,000,463$1,000,463
IX-24e All other expensesPrograms $339,766 · Management $22,373$362,139
IX-25 Total functional expensesPrograms $6,679,798 · Management $972,140 · Fundraising $0$7,651,938
Part X · Balance sheet $10,995,050 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $544,273$1,221,426
X-2 Savings and temporary cash investmentsStart of year $866,276$12,541
X-4 Accounts receivableStart of year $1,346,784$876,444
X-8 Inventories for sale or useStart of year $240,392$241,225
X-9 Prepaid expenses and deferred chargesStart of year $49,042$58,373
X-10c Land, buildings and equipment, netStart of year $4,063,784$4,442,988
X-11 Publicly traded securitiesStart of year $1,224,744$2,761,168
X-15 Other assetsStart of year $1,193,920$1,380,885
X-16 Total assetsStart of year $9,529,215$10,995,050
X-17 Accounts payable and accrued expensesStart of year $396,031$362,470
X-19 Deferred revenueStart of year $17,976$3,500
X-25 Other liabilitiesStart of year $1,747,546$2,062,089
X-26 Total liabilitiesStart of year $2,707,823$2,947,226
X-27 Net assets without donor restrictionsStart of year $6,786,392$8,047,824
X-32 Total net assets or fund balancesStart of year $6,821,392$8,047,824
X-33 Total liabilities and net assetsStart of year $9,529,215$10,995,050
Part XI · Reconciliation of net assets $8,047,824 net assets at year end
XI-1 Total revenue$8,545,060
XI-2 Total expenses$7,651,938
XI-3 Revenue less expenses$893,122
XI-4 Net assets at start of year$6,821,392
XI-5 Net unrealized gains (losses) on investments$333,310
XI-10 Net assets at end of year$8,047,824

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

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