Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 cents of each dollar spent went to programs.
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; $119K paid to officers and key staff.
Kelly O'Brien’s $119K as President/Ce is at the 29th percentile of top reported officer pay among 2832 $1–10M community development 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Bryan Gay | — | — | $102,237 | $144,208 | $144,208 | $141,550 |
| Loretta Daly | — | $119,499 | — | — | — | — |
| Kelly O'Brien | $118,587 | — | — | — | — | — |
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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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
Revitalizes and develops Aurora and its downtown area.
Questions for Seize the Future Development Foundation
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Contributed to the economic and workforce development of the city of aurora.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $1.4M |
| Land, buildings, equipmentLn 10c | $1K | $6K |
| Total assetsLn 16 | $3.4M | $3.2M |
| LiabilitiesLn 26 | $72K | $44K |
| Net assetsLn 32 | $3.3M | $3.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $385K | $335K | $50K | |
| Other employee benefitsLn 9 | $3K | $3K | ||
| Payroll taxesLn 10 | $30K | $26K | $4K | |
| Legal feesLn 11b | $88K | $36K | $52K | |
| Accounting feesLn 11c | $38K | $7K | $31K | |
| Advertising and promotionLn 12 | $26K | $5K | $21K | |
| Office expensesLn 13 | $48K | $8K | $41K | |
| TravelLn 17 | $826 | $719 | $107 | |
| Conferences, conventions and meetingsLn 19 | $31K | $28K | $4K | |
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $47K | $2K | $45K | |
| Other expenses (24a–d)Ln 24 | $264K | $262K | $1K | |
| Total functional expensesLn 25 | $964K | $711K | $253K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Viewing | $804K | $964K | −$160K | $3.2M | 990 PDF |
| FY2023 | $2.0M | $1.4M | $615K | $3.3M | 990 PDF |
| FY2022 | $1.8M | $1.7M | $105K | $2.7M | 990 PDF |
| FY2021 | $1.5M | $1.1M | $453K | $2.6M | 990 PDF |
| FY2020 | $1.0M | $1.1M | −$94K | $2.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $804,439 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 1 to look at
Part VIII · Statement of revenue $804,439 across 6 lines filed
Part IX · Statement of functional expenses $964,184 across 12 lines filed
Part X · Balance sheet $3,236,289 assets, 12 lines filed
Part XI · Reconciliation of net assets $3,192,455 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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