Futureports EIN 20-2619927

Futureports FY2020 filing

EIN  20-2619927 Business league / trade association Long Beach, CA Founded 1990
Form 990 (PDF)
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Size
<$100K
What they do
Promotes regional leadership to improve Southern California's gateway performance.
Leadership
Rick Cameron · Board Member
Money in and out
$190K revenue, $199K expenses
Bottom line
-5% operating surplus

Promotes regional leadership to improve Southern California's gateway performance. For fiscal year 2020 it reported $190K in revenue, $199K in expenses, and $243K in net assets.Pt I

Membership & operating revenue · FY2020
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$199K
Pt IX · Ln 25
Net assets
$243K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17 Fundraising $0.00
Operating surplus
-5%
revenue over expenses
Earned revenue
4%
of revenue from program services & dues
Payroll share
30%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$190K
FY2020
Expenses
$199K
FY2020
Total assets
$366K
FY2020
Total liabilities
$124K
FY2020
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$199K
Pt IX · Ln 25
Net assets
$243K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$366K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $166K of program spending, described in the organization's own filed words · FY2020.
01

Balancing the use and regulation of los angeles and long beach port resources to ensure the economic prosperity and enviromental protection of the region.

$166Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFutureports
EINHdr · item D20-2619927
Principal addressHdr · item CLong Beach, CA
WebsiteHdr · item Jwww.futureports.org
Year of formationHdr · item L1990
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFAug 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Futureports executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$181K · 95%
Program service revenue$8K · 4%
Contributions & grants95%$181K
Program service revenue4%$8K
Investment income$407
Total revenueLn 12$190K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17 Fundraising $0.00
Program services83%$166K
Management & general17%$33K
Fundraising$185
Total functional expensesLn 25$199K

Balance Sheet

Part X · end of year
CashLn 1$246K
Total assetsLn 16$366K
Total liabilitiesLn 26$124K
Total net assetsLn 32$243K
Months of cash on handcomputed14.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $246K · Operating expenses/yr $199K
14.9 months
Where the money goes
Program services
Program services $166K · Total expenses $199K
83%
Management & General
Management & general $33K · Total expenses $199K
17%
Fundraising
Fundraising $185 · Total expenses $199K
0%
Cost to raise $1
Fundraising expense $185 · Solicited contributions $181K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $181K · Total revenue $190K
95%
Government reliance
Government grants — · Total revenue $190K
Earned-income share
Program service revenue $8K · Total revenue $190K
4%
Investment reliance
Investment income $407 · Total revenue $190K
0%
Program self-sufficiency
Program service revenue $8K · Total expenses $199K
4%
Growth & trend
Revenue growth (YoY)
This year $190K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $243K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $190K · Expenses $199K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $366K
Net-asset ratio
Net assets $243K · Total assets $366K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $366K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rick Cameron · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $199K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59K · Total expenses $199K
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Accounting fee ratio 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 · funders on record
Grants received · FY2021

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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
FY2025 (Latest)$27K revenue · ⤓ 990 PDF
FY2024$131K revenue · ⤓ 990 PDF
FY2023$146K revenue · ⤓ 990 PDF
FY2022$159K revenue · ⤓ 990 PDF
FY2021$234K revenue · ⤓ 990 PDF
FY2020$190K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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