Future Heights EIN 34-1948426

Future Heights

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Fosters a vibrant future by connecting residents, businesses, and government through education and collaboration. For fiscal year 2024 it reported $401K in revenue, $375K in expenses, and $88K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Cleveland, OH
Website
futureheights.org
Filings
5 on file (2020–2024)
Revenue
$401KFY2024
Expenses
$375K
Net assets
$88K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1948426 Public charity (501(c)(3)) Cleveland, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Fosters a vibrant future by connecting residents, businesses, and government through education and collaboration.
Leadership
Harriet Applegate · Director
Money in and out
$401K revenue, $375K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$401K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.10 Fundraising $0.03
Program efficiency
88%
of spending reaches programs▲ +517% vs prior filing year
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate▲ +84% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +113% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$401K
FY2024▲ +6%
Expenses
$375K
FY2024▼ -35%
Total assets
$122K
FY2024▲ +8%
Total liabilities
$34K
FY2024▼ -29%
Total revenue
$401K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$122K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $328K of program spending, described in the organization's own filed words · FY2024.
01

Community Engagement

Crowdsourced Conversations: The Crowdsourced Conversations program engages residents in grassroots participatory discussions about issues in Cleveland Heights and University Heights. The event turns the typical forum on its head through allowing participants to lead the conversations.

$144Kprogram expense
02

Local Business Support Best of the Heights Launched in 2005, Best of the Heights is an annual competition focused on honoring businesses in a variety of categories and highlighting their contributions to the vitality of Cleveland Heights and University Heights. All nominees must be local, independent merchants.

$140Kprogram expense
03

Housing Revitalization

FutureHomes: FutureHeights recognizes that older homes are an asset to the city of Cleveland Heights. Our homes exhibit a variety of architectural styles and details not commonly found in other communities.

$44Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFuture Heights
EINHdr · item D34-1948426
Principal addressHdr · item CCleveland, OH
WebsiteHdr · item Jfutureheights.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A80)
Ruling yearIRS BMFJul 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A

Kristine Pagsuyoin’s $80K as Executive Dir. is at the 75th percentile of top reported officer pay among 2213 $100K–1M arts & culture 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

NameFY2023FY2022FY2021FY2020
Kristine Pagsuyoin$80,000
Deanna Bremer Fisher$71,143$71,143$66,378

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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Statement of Revenue

Part VIII
Contributions & grants$247K · 62%
Program service revenue$127K · 32%
Other revenue$26K · 6%
Contributions & grants62%$247K
Program service revenue32%$127K
Other revenue6%$26K
Investment income$805
— government grantsLn 1e$152K
Total revenueLn 12$401K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.10 Fundraising $0.03
Program services88%$328K
Management & general10%$37K
Fundraising3%$10K
Total functional expensesLn 25$375K

Balance Sheet

Part X · end of year
CashLn 1$111K
Total assetsLn 16$122K
Total liabilitiesLn 26$34K
Total net assetsLn 32$88K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $111K · Operating expenses/yr $375K
3.5 months
Where the money goes
Program services
Program services $328K · Total expenses $375K
88%
Management & General
Management & general $37K · Total expenses $375K
10%
Fundraising
Fundraising $10K · Total expenses $375K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $39K · Solicited contributions (3-yr avg) $183K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $247K · Total revenue $401K
62%
Government reliance
Government grants $152K · Total revenue $401K
38%
Earned-income share
Program service revenue $127K · Total revenue $401K
32%
Investment reliance
Investment income $805 · Total revenue $401K
+0.2%
Program self-sufficiency
Program service revenue $127K · Total expenses $375K
34%
Growth & trend
Revenue growth (YoY)
This year $401K · Prior year $379K
+6%
Revenue CAGR
FY2020 $390K · FY2024 $401K
+0.7%
Net-asset trend (YoY)
End of year $88K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $401K · Expenses $375K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $122K
Net-asset ratio
Net assets $88K · Total assets $122K
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $122K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Harriet Applegate · Reported title Director · Highest reported compensation $0 · Total expenses $375K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $159K · Total expenses $375K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 10%
Fundraising cost ratio 4%
Revenue growth 6%
Accounting fee ratio 6%

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 · FY2024
Total grants receivedfrom 4 funders$61K
See all 4 funders →

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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
FY2024 (Latest)$401K revenue · viewing · ⤓ 990 PDF
FY2023$379K revenue · ⤓ 990 PDF
FY2022$536K revenue · ⤓ 990 PDF
FY2021$587K revenue · ⤓ 990 PDF
FY2020$390K revenue · ⤓ 990 PDF

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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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