philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Futureports FY2022 filing

Not tax-deductible

Long Beach, CA501(c)(6)Since 1990Community Development EIN 20-2619927Revenue $159K in FY2022

On file with the IRSfutureports.orgPo Box 15624, 90815-0624 · Long Beach, CATax-exempt since Aug 2006

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The goal of Futureports is to serve as a forum and provide regional leadership dedicating its efforts to achieve superior performace of the southern california gateway.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 6
filings with a surplus
Average deficit $32K a year · 22% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$110K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
-32% vs prior year
Spent
$241K
To programs
83%
Net assets
$162K
By yearFY2020–FY2025
Revenue
$159K
FY2022▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$190K
FY2021$234K
FY2022$159K
FY2023$146K
FY2024$131K
FY2025$27K
Expenses
$241K
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021$227K
FY2022$241K
FY2023$132K
FY2024$161K
FY2025$118K
Net assets
$162K
FY2022▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2020$243K
FY2021$245K
FY2022$162K
FY2023$183K
FY2024$153K
FY2025$62K

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 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 Aug 2006.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $201K Management & general 17% · $40K Fundraising 0% · $209

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

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Kome Ajise
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Bush
Board Member
$0Pt VII · Sec A
Brian Bustamante
Board Member
$0Pt VII · Sec A
Alex Cherin
Board Member
$0Pt VII · Sec A
Fran Inman
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Futureports executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Promotes regional leadership to improve Southern California's gateway performance.

Questions for Futureports

Tap to ask. Futureports sees how many people are interested.

Your first name shows with your question. Futureports answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $201K · in their own filed words · FY2022
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.

$201Kprogram 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 · FY2021
Fund for Construction Industry AdvancementFY2021$18K
Construction Industry Advancement Fund for Southern CaliforniaFY2021$8K
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$138K
Fees for servicesLn 2g$20K
Investment incomeLn 3$95
Money outPt IX
$241K
Ln 25
Programscol B$201K
Managementcol C$40K
Fundraisingcol D$209
Owns and owesPt X
$162K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$272K
LiabilitiesLn 26$110K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$138K
Fees for servicesLn 2g$20K
Investment incomeLn 3$95
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$138K
Cash and savings togetherLn 1–2$149K
Total assetsLn 16$272K
LiabilitiesLn 26$110K
Net assetsLn 32$162K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$244K$149K
Total assetsLn 16$256K$272K
LiabilitiesLn 26$11K$110K
Net assetsLn 32$245K$162K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$63K$47K$16K
Other employee benefitsLn 9$8K$6K$2K
Payroll taxesLn 10$6K$4K$1K
Management feesLn 11a$120K$108K$12K
Accounting feesLn 11c$5K$5K
OccupancyLn 16$2K$2K
TravelLn 17$320$320
InsuranceLn 23$3K$2K$258
Other expenses (24a–d)Ln 24$29K$29K$125$125
All other expensesLn 24e$5K$4K$2K$84
Total functional expensesLn 25$241K$201K$40K$209

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $27K$118K−$92K$62K 990 PDF
FY2024 $131K$161K−$30K$153K 990 PDF
FY2023 $146K$132K$14K$183K 990 PDF
FY2022 Viewing $159K$241K−$82K$162K 990 PDF
FY2021 $234K$227K$7K$245K 990 PDF
FY2020 $190K$199K−$9K$243K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $158,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $198,207$138,450
I-9 Program service revenuePrior year $35,524$20,100
I-10 Investment incomePrior year $196$95
I-11 Other revenue$0
I-12 Total revenuePrior year $233,927$158,645
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $62,943$77,082
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $163,850$163,893
I-18 Total expensesPrior year $226,793$240,975
I-19 Revenue less expensesPrior year $7,134−$82,330
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $158,645 across 6 lines filed
VIII-1b Membership dues$133,500
VIII-1f All other contributions, gifts and grants$4,950
VIII-1h Total contributions, gifts and grants$138,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,100$20,100
VIII-3 Investment incomeRelated to mission $95$95
VIII-12 Total revenueRelated to mission $20,195$158,645
Part IX · Statement of functional expenses $240,975 across 10 lines filed
IX-7 Other salaries and wagesPrograms $47,422 · Management $15,808$63,230
IX-9 Other employee benefitsPrograms $6,000 · Management $2,000$8,000
IX-10 Payroll taxesPrograms $4,389 · Management $1,463$5,852
IX-11a Management feesPrograms $108,000 · Management $12,000$120,000
IX-11c Accounting feesManagement $5,400$5,400
IX-16 OccupancyManagement $1,514$1,514
IX-17 TravelPrograms $320$320
IX-23 InsurancePrograms $2,318 · Management $258$2,576
IX-24 Other expenses (24a–d)Programs $28,581 · Management $125 · Fundraising $125$28,831
IX-24e All other expensesPrograms $3,518 · Management $1,650 · Fundraising $84$5,252
IX-25 Total functional expensesPrograms $200,548 · Management $40,218 · Fundraising $209$240,975
Part X · Balance sheet $271,740 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $41,090$10,932
X-2 Savings and temporary cash investmentsStart of year $203,113$138,208
X-4 Accounts receivableStart of year $9,500$114,800
X-9 Prepaid expenses and deferred chargesStart of year $2,079$7,800
X-16 Total assetsStart of year $255,782$271,740
X-17 Accounts payable and accrued expensesStart of year $11,258$1,546
X-19 Deferred revenue$108,000
X-26 Total liabilitiesStart of year $11,258$109,546
X-32 Total net assets or fund balancesStart of year $244,524$162,194
X-33 Total liabilities and net assetsStart of year $255,782$271,740
Part XI · Reconciliation of net assets $162,194 net assets at year end
XI-1 Total revenue$158,645
XI-2 Total expenses$240,975
XI-3 Revenue less expenses−$82,330
XI-4 Net assets at start of year$244,524
XI-10 Net assets at end of year$162,194

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.