Futurechurch

Cleveland, OH · Religious organization · Since 1994 · Religion

✓ Tax-deductible Latest data FY2024
Revenue
$1.3M
▲ +47% vs prior year
Spent
$388K
To programs
81%
Net assets
$1.2M

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Figures match the IRS filing checked 9/27/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Que-Lue Charitable Foundation
$5K in the latest grant year.
Spent on programs?
81% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +47% vs prior year
Legal name (IRS)Hdr · item CFuturechurch
EINHdr · item D34-1778518
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 1996
Year of formationHdr · item L1994
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCleveland, OH
NTEE classificationIRS BMFReligion (X20)
WebsiteHdr · item Jwww.futurechurch.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.17 Fundraising $0.02
Program services81%$314K
Management & general17%$66K
Fundraising2%$9K
Total functional expensesLn 25$388K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +47%
Expenses
$388K
FY2024▼ -26%
Program efficiency
81%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
37.5mo
months of highly liquid reserves at operating expense rate▲ +43% vs prior filing year
Surplus margin
+69%
revenue over expenses, this year▲ +77% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.2M
FY2024▲ +7%
Total liabilities
$2K
FY2024▼ -83%
Revenue less expensesPt I · Ln 19$872K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Balance Sheet

Part X · end of year
CashLn 1$286K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$2K
Total net assetsLn 32$1.2M
Months of cash on handcomputed8.8

Statement of Revenue

Part VIII
Investment income$892K · 71%
Contributions & grants$329K · 26%
Program service revenue$28K · 2%
Other revenue$11K · 1%
Investment income71%$892K
Contributions & grants26%$329K
Program service revenue2%$28K
Other revenue1%$11K
Total revenueLn 12$1.3M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $388K
37.5 months
Where the money goes
Program services
Program services $314K · Total expenses $388K
81%
Management & General
Management & general $66K · Total expenses $388K
17%
Fundraising
Fundraising $9K · Total expenses $388K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $442K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $329K · Total revenue $1.3M
26%
Government reliance
Government grants — · Total revenue $1.3M
—
Earned-income share
Program service revenue $28K · Total revenue $1.3M
2%
Investment reliance
Investment income $892K · Total revenue $1.3M
+71%
Program self-sufficiency
Program service revenue $28K · Total expenses $388K
7%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $858K
+47%
Revenue CAGR
FY2019 $353K · FY2024 $1.3M
+29%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $388K
+69%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $926K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
76%
People & payroll
Highest Reported Total Compensation
Individual Russell Petrus · Reported title EXECUTIVE DI · Highest reported compensation $82K · Total expenses $388K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $162K · Total expenses $388K
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 17%——
Fundraising cost ratio 3%——
Revenue growth 47%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$81,633Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Russell Petrus’s $82K as Executive Di is at the 36th percentile of top reported officer pay among 1636 $1–10M religion 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Russell Petrus$81,633$76,855$78,500——
Deborah Rose—$43,896$77,588——
Deborah Rose-Milavec———$73,467$72,420
Russ Petrus———$72,426$68,759

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.

See Futurechurch executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Empowers Roman Catholics for full participation and leadership in church life.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $267K of program spending, described in the organization's own filed words · FY2024.
01

Women in Church Leadership

Annual celebrations which honor women both well known and little known in church history are held throughout the world. Literature and other educational activites that educate about jesus' inclusive practice are also published. Conferences and media coverage of the mission of futurechurch are also promoted.

$126Kprogram expense
02

Future of Priestly Ministry

Educates about the priest shortage and advocates for optional celibacy in the roman catholic church. In 2012 implemented an online "open letter from the people of god to U.S. Bishops" asking for open discussion of mandatory celibacy and women deacons.

$94Kprogram expense
03

Save Our Parish Community

Provides canonical appeal and prayer resources to catholics deciding what to do when their vibrant and solvent parish is slated for closure for no apparent reason. In 2012 parishoners from a total of 13 churches - allentown (9). Springfield (3) and buffalo (1) were for the first time successful in ther appeals to the vatican.

$47Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

Filing history

YearRevenueExpensesChangeFiling
FY2024 $858K$522K+51% 990 PDF
FY2023 $567K$393K+7% 990 PDF
FY2022 $530K$359K-17% 990 PDF
FY2021 $640K$313K+81% 990 PDF
FY2020 $353K$406K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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