Future Link INC EIN 26-2546011 Form 990 (PDF) Claim this org

Future Link INC FY2022 filing

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Empowers low-income, first-generation young adults with tools and skills for economic self-sufficiency. For fiscal year 2022 it reported $604K in revenue, $502K in expenses, and $549K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Rockville, MD
Website
www.futurelinkmd.org
Filings
5 on file (2021–2022)
Revenue
$604KFY2022
Expenses
$502K
Net assets
$549K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-2546011 Public charity (501(c)(3)) Rockville, MD
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Empowers low-income, first-generation young adults with tools and skills for economic self-sufficiency.
Leadership
Mindi Jacobson · Executive Director · $88K
Money in and out
$604K revenue, $502K expenses
Bottom line
83% program efficiency
Where the money goes · FY2022
Total revenue
$604K
Pt VIII · Ln 12
Total expenses
$502K
Pt IX · Ln 25
Net assets
$549K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $102K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.06 Fundraising $0.11
Program efficiency
83%
of spending reaches programs
Operating runway
13.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$604K
FY2022▲ +7%
Expenses
$502K
FY2022▲ +20%
Total assets
$575K
FY2022▲ +23%
Total liabilities
$26K
FY2022▲ +24%
Revenue less expensesPt I · Ln 19$102K
Total assetsPt X · Ln 16$575K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFuture Link INC
EINHdr · item D26-2546011
Principal addressHdr · item CRockville, MD
WebsiteHdr · item Jwww.futurelinkmd.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$87,600Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Mindi Jacobson’s $124K as Executive Dir. is at the 94th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mindi Jacobson$123,947$116,272$104,398
Mindi Jacobson$87,600$87,930

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $415K of program spending, described in the organization's own filed words · FY2021.
01

The program entry point, the 15-week Self-Advocacy Skills and Career Development seminar, offers career exploration, resume and interviewing skills, problem solving and time management. Post-seminar services include mentoring, career coaching, tutoring, scholarships, internships, and academic advising.

$415Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$604K
Investment income$43
— government grantsLn 1e$66K
Total revenueLn 12$604K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.06 Fundraising $0.11
Program services83%$415K
Management & general6%$30K
Fundraising11%$57K
Total functional expensesLn 25$502K

Balance Sheet

Part X · end of year
CashLn 1$555K
Total assetsLn 16$575K
Total liabilitiesLn 26$26K
Total net assetsLn 32$549K
Months of cash on handcomputed13.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $555K · Operating expenses/yr $502K
13.3 months
Where the money goes
Program services
Program services $415K · Total expenses $502K
83%
Management & General
Management & general $30K · Total expenses $502K
6%
Fundraising
Fundraising $57K · Total expenses $502K
11%
Cost to raise $1
Fundraising expense (2-yr avg) $50K · Solicited contributions (2-yr avg) $493K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $604K · Total revenue $604K
100%
Government reliance
Government grants $66K · Total revenue $604K
11%
Earned-income share
Program service revenue $0 · Total revenue $604K
0%
Investment reliance
Investment income $43 · Total revenue $604K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $502K
0%
Growth & trend
Revenue growth (YoY)
This year $604K · Prior year $566K
+7%
Net-asset trend (YoY)
End of year $549K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $604K · Expenses $502K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $575K
Net-asset ratio
Net assets $549K · Total assets $575K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $575K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mindi Jacobson · Reported title Executive Director · Highest reported compensation $88K · Total expenses $502K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $299K · Total expenses $502K
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 6%
Fundraising cost ratio 9%
Revenue growth 7%
Accounting fee ratio 1%

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 · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 10 grants · $362K · 2020–2024
Unitemized GrantFY2024$40,857
Unitemized GrantFY2024$37,274
Unitemized GrantFY2023$38,501
Unitemized GrantFY2023$27,113
Unitemized GrantFY2022$63,326
Unitemized GrantFY2022$29,652
Unitemized GrantFY2021$39,480
Unitemized GrantFY2021$37,937
Unitemized GrantFY2020$28,647
Unitemized GrantFY2020$18,736

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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)$984K revenue · ⤓ 990 PDF
FY2024$927K revenue · ⤓ 990 PDF
FY2023$958K revenue · ⤓ 990 PDF
FY2022$604K revenue · viewing · ⤓ 990 PDF
FY2021$566K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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