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Futureports FY2023 filing

Not tax-deductible

Long Beach, CA501(c)(6)Since 1990Community Development EIN 20-2619927Revenue $146K in FY2023

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

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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.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.9 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
$223
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$146K
-8% vs prior year
Spent
$132K
To programs
76%
Net assets
$183K
By yearFY2020–FY2025
Revenue
$146K
FY2023▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$190K
FY2021$234K
FY2022$159K
FY2023$146K
FY2024$131K
FY2025$27K
Expenses
$132K
FY2023▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021$227K
FY2022$241K
FY2023$132K
FY2024$161K
FY2025$118K
Net assets
$183K
FY2023▲ +13%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

76 cents of each dollar spent went to programs.

Program services 76% · $100K Management & general 24% · $32K Fundraising 0% · $148

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Letita Austin
Board Mbr/Se
$0Pt VII · Sec A
Sara Baumann
Board Member
$0Pt VII · Sec A
Mike Bush
Board Member
$0Pt VII · Sec A
Brian Bustamante
Board Member
$0Pt VII · Sec A
Bryce Cullinane
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Matthew Means
Board Member
$0Pt VII · Sec A
See Futureports 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 15aYes

Programs and updates

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

Questions for Futureports

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Provided by the organization

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1 program · $100K · in their own filed words · FY2023
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.

$100Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$146K
Ln 12
Gifts and grantsLn 1h$115K
Fees for servicesLn 2g$31K
Investment incomeLn 3$69
Money outPt IX
$132K
Ln 25
Programscol B$100K
Managementcol C$32K
Fundraisingcol D$148
Owns and owesPt X
$183K
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$183K
LiabilitiesLn 26$223
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$115K
Fees for servicesLn 2g$31K
Investment incomeLn 3$69
Total revenueLn 12$146K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$138K
Cash and savings togetherLn 1–2$175K
Total assetsLn 16$183K
LiabilitiesLn 26$223
Net assetsLn 32$183K
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 FY23End FY23
Cash and savingsLn 1–2$149K$175K
Total assetsLn 16$272K$183K
LiabilitiesLn 26$110K$223
Net assetsLn 32$162K$183K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$50K$38K$13K
Payroll taxesLn 10$4K$3K$1K
Management feesLn 11a$33K$29K$3K
Accounting feesLn 11c$11K$11K
OccupancyLn 16$835$835
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K$178
Other expenses (24a–d)Ln 24$23K$22K$2K
All other expensesLn 24e$5K$4K$1K$148
Total functional expensesLn 25$132K$100K$32K$148

Filing history

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

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $146,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $138,450$115,260
I-9 Program service revenuePrior year $20,100$31,005
I-10 Investment incomePrior year $95$69
I-11 Other revenue$0
I-12 Total revenuePrior year $158,645$146,334
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $77,082$54,237
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $163,893$77,675
I-18 Total expensesPrior year $240,975$131,912
I-19 Revenue less expensesPrior year −$82,330$14,422
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $146,334 across 6 lines filed
VIII-1b Membership dues$115,000
VIII-1f All other contributions, gifts and grants$260
VIII-1h Total contributions, gifts and grants$115,260
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,005$31,005
VIII-3 Investment incomeRelated to mission $69$69
VIII-12 Total revenueRelated to mission $31,074$146,334
Part IX · Statement of functional expenses $131,912 across 9 lines filed
IX-7 Other salaries and wagesPrograms $37,607 · Management $12,536$50,143
IX-10 Payroll taxesPrograms $3,070 · Management $1,024$4,094
IX-11a Management feesPrograms $29,475 · Management $3,275$32,750
IX-11c Accounting feesManagement $11,058$11,058
IX-16 OccupancyManagement $835$835
IX-22 Depreciation, depletion and amortizationPrograms $2,372$2,372
IX-23 InsurancePrograms $1,600 · Management $178$1,778
IX-24 Other expenses (24a–d)Programs $21,668 · Management $1,780$23,448
IX-24e All other expensesPrograms $3,998 · Management $1,288 · Fundraising $148$5,434
IX-25 Total functional expensesPrograms $99,790 · Management $31,974 · Fundraising $148$131,912
Part X · Balance sheet $183,280 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $10,932$36,413
X-2 Savings and temporary cash investmentsStart of year $138,208$138,277
X-4 Accounts receivableStart of year $114,800$8,590
X-16 Total assetsStart of year $271,740$183,280
X-17 Accounts payable and accrued expensesStart of year $1,546$223
X-26 Total liabilitiesStart of year $109,546$223
X-32 Total net assets or fund balancesStart of year $162,194$183,057
X-33 Total liabilities and net assetsStart of year $271,740$183,280
Part XI · Reconciliation of net assets $183,057 net assets at year end
XI-1 Total revenue$146,334
XI-2 Total expenses$131,912
XI-3 Revenue less expenses$14,422
XI-4 Net assets at start of year$162,194
XI-9 Other changes in net assets$6,441
XI-10 Net assets at end of year$183,057

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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