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Designing Futures Foundation

IRS exemption revoked

Marlton, NJUnknown exempt organization EIN 20-0335146Revenue $543K in FY2021

On file with the IRSchadphila.org4 Greentree Ctr 601 Rte 73n 302 · Marlton, NJ

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To provide support for public educational organizations that normally maintain a regular faculty and curriculum and normally have a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on.

85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $683K a year · 85% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$98K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$543K
-49% vs prior year
Spent
$1.7M
To programs
85%
Net assets
$30K
By yearFY2020–FY2021
Revenue
$543K
FY2021▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$543K
Expenses
$1.7M
FY2021▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.7M
Net assets
$30K
FY2021▼ -98%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$30K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.5M Management & general 15% · $262K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Lauren Dougherty
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Annecharico
Legal Counsel
$0Pt VII · Sec A
See Designing Futures Foundation 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 15aNo

Programs and updates

Supports public schools with regular faculty, curriculum, and enrolled students.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2020
01

To provide financial support for the charter high school for architecture and design, which closed on june 30, 2020

$1.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $1.4M · 2020–2020
Designing Futures Charitable CorporationFY2020$900,000
Charter High School for Architecture & DPA · FY2020$450,500

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$543K
Ln 12
Investment incomeLn 3$533K
Gifts and grantsLn 1h$10K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$262K
Owns and owesPt X
$30K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$128K
LiabilitiesLn 26$98K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Investment incomeLn 3$533K
Gains on assetsLn 7$515K
Total revenueLn 12$543K
Assets in detailPt X, end of year
CashLn 1$103K
Cash and savings togetherLn 1–2$103K
Total assetsLn 16$128K
LiabilitiesLn 26$98K
Net assetsLn 32$30K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$1.4M$103K
Total assetsLn 16$10.4M$128K
LiabilitiesLn 26$9.2M$98K
Net assetsLn 32$1.2M$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Management feesLn 11a$956$956
Legal feesLn 11b$149K$149K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$10K$10K
InterestLn 20$2K$2K
Other expenses (24a–d)Ln 24$201K$111K$90K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$1.7M$1.5M$262K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $543K$1.7M−$1.2M$30K 990 PDF
FY2020 $1.1M$1.2M−$184K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $542,656 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,694$10,000
I-9 Program service revenuePrior year $1,026,309$0
I-10 Investment incomePrior year $13,709$532,656
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,064,712$542,656
I-13 Grants and similar amounts paidPrior year $0$1,350,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,248,570$373,973
I-18 Total expensesPrior year $1,248,570$1,724,473
I-19 Revenue less expensesPrior year −$183,858−$1,181,817
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $542,656 across 5 lines filed
VIII-1f All other contributions, gifts and grants$10,000
VIII-1h Total contributions, gifts and grants$10,000
VIII-3 Investment incomeExcluded from tax $17,817$17,817
VIII-7 Net gain or loss on sales of assetsRelated to mission $514,839$514,839
VIII-12 Total revenueRelated to mission $514,839 · Unrelated business $0 · Excluded from tax $17,817$542,656
Part IX · Statement of functional expenses $1,724,473 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $1,350,500$1,350,500
IX-11a Management feesManagement $956$956
IX-11b Legal feesManagement $148,710$148,710
IX-11c Accounting feesManagement $10,300$10,300
IX-11g Other fees for servicesManagement $9,752$9,752
IX-20 InterestPrograms $1,933$1,933
IX-24 Other expenses (24a–d)Programs $110,504 · Management $90,387$200,891
IX-24e All other expensesManagement $1,431$1,431
IX-25 Total functional expensesPrograms $1,462,937 · Management $261,536 · Fundraising $0$1,724,473
Part X · Balance sheet $128,107 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,382,368$103,107
X-9 Prepaid expenses and deferred charges$25,000
X-16 Total assetsStart of year $10,428,204$128,107
X-17 Accounts payable and accrued expensesStart of year $256,121$98,024
X-25 Other liabilitiesStart of year $1,005,638$0
X-26 Total liabilitiesStart of year $9,216,304$98,024
X-27 Net assets without donor restrictionsStart of year $1,211,900$30,083
X-32 Total net assets or fund balancesStart of year $1,211,900$30,083
X-33 Total liabilities and net assetsStart of year $10,428,204$128,107
Part XI · Reconciliation of net assets $30,083 net assets at year end
XI-1 Total revenue$542,656
XI-2 Total expenses$1,724,473
XI-3 Revenue less expenses−$1,181,817
XI-4 Net assets at start of year$1,211,900
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$30,083

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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