Futerman Supporting Foundation INC EIN 16-1512426 Form 990 (PDF) Claim this org

Futerman Supporting Foundation INC FY2021 filing

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Funds Jewish life and security initiatives through grants. For fiscal year 2021 it reported $106K in revenue, $160K in expenses, and $363K in net assets.Pt I

Founded
1996
Type
Supporting organization · Foundations & Grantmakers
Location
Rochester, NY
Filings
5 on file (2020–2021)
Revenue
$106KFY2021
Expenses
$160K
Net assets
$363K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  16-1512426 Supporting organization Rochester, NY Founded 1996
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Funds Jewish life and security initiatives through grants.
Leadership
Meredith Dragon · Secretary
Money in and out
$106K revenue, $160K expenses
Bottom line
-51% net inflow
Money in and out · FY2021
Total revenue
$106K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$363K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$54K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Net inflow
-51%
revenue over expenses, this year
Pass-through gifts
84%
of revenue from contributions
Program spending
95%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$106K
FY2021▲ +3%
Expenses
$160K
FY2021▲ +2%
Total assets
$747K
FY2021▲ +6%
Total liabilities
$384K
FY2021▼ -2%
Total revenue
$106K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$363K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$54K
Total assetsPt X · Ln 16$747K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $151K of program spending, described in the organization's own filed words · FY2020.
01

Grants were made to promote changes determined to enhance creative jewish life and security and social conditions for creative jewish living.

$151Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFuterman Supporting Foundation INC
EINHdr · item D16-1512426
Principal addressHdr · item CRochester, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1996
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99I)
Ruling yearIRS BMFJun 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$89K · 84%
Other revenue$10K · 10%
Investment income$7K · 7%
Contributions & grants84%$89K
Other revenue10%$10K
Investment income7%$7K
Total revenueLn 12$106K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$151K
Management & general5%$9K
Total functional expensesLn 25$160K

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$747K
Total liabilitiesLn 26$384K
Total net assetsLn 32$363K
Months of cash on handcomputed9.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $614K · Operating expenses/yr $160K
46.1 months
Where the money goes
Program services
Program services $151K · Total expenses $160K
95%
Management & General
Management & general $9K · Total expenses $160K
5%
Fundraising
Fundraising $0 · Total expenses $160K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $87K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $89K · Total revenue $106K
84%
Government reliance
Government grants — · Total revenue $106K
Earned-income share
Program service revenue $0 · Total revenue $106K
0%
Investment reliance
Investment income $7K · Total revenue $106K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $160K
0%
Growth & trend
Revenue growth (YoY)
This year $106K · Prior year $103K
+3%
Net-asset trend (YoY)
End of year $363K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $106K · Expenses $160K
-51%
Liabilities-to-Assets
Total liabilities — · Total assets $747K
Net-asset ratio
Net assets $363K · Total assets $747K
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $490K · Other securities (Pt X, ln 12) $1K · Total assets (Pt X, ln 16) $747K
66%
People & payroll
Highest Reported Total Compensation
Individual Meredith Dragon · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $160K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $160K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $988K · 2019–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$199K revenue · ⤓ 990 PDF
FY2023$106K revenue · ⤓ 990 PDF
FY2022$129K revenue · ⤓ 990 PDF
FY2021$106K revenue · viewing · ⤓ 990 PDF
FY2020$103K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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