The Futures Foundation

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501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 15 volunteers and 1 employee.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $38K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$225K
to officers and key staff · 45% of spending
Concern: pay to officers and key staff is 45% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $2.2M in investments, Pt X · Ln 11–13
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$614K
+317% vs prior year
Spent
$497K
To programs
88%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$614K
FY2024▲ +317%
Tap a bar for its year
Revenue by fiscal year
FY2020$395K
FY2021$741K
FY2022$211K
FY2023$630K
FY2023$147K
FY2024$614K
Expenses
$497K
FY2024▲ +63%
Tap a bar for its year
Expenses by fiscal year
FY2020$445K
FY2021$458K
FY2022$528K
FY2023$473K
FY2023$304K
FY2024$497K
Net assets
$2.3M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.8M
FY2022$1.8M
FY2023$2.1M
FY2023$2.2M
FY2024$2.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $437K Management & general 8% · $42K Fundraising 4% · $19K

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

7 people listed on the 990; $225K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$225,000Pt VII · Sec A
Secretary of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Glazier’s $225K as Executive Director is at the 100th percentile of top reported officer pay among 2094 $100K–1M mental health 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 · 1 named individual · Part VII

NameFY2024FY2023FY2021FY2020
Michelle Glazier$225,000$220,673$186,063$175,472

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 The Futures Foundation executive salaries →

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

Provides grants to individuals with special needs for basic necessities, skill building, technology, and community programs.

Questions for The Futures Foundation

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1 program · $437K · in their own filed words · FY2024
01

Upon formal committee review and approval of grant requests, the futures foundation fulfills such requests for basic needs, skill building opportunities AND/OR equipment, technology ESSENTIAL/EQUIPMENT for communication, education, employment; recreation and community programs, otherwise unavailable or inaccessible to the child or adult…

$437Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$3K
Grants paid · 6 grants · $595K · 2019–2024
Unitemized GrantFY2024$102,818
Unitemized GrantFY2023$37,088
Unitemized GrantFY2022$83,085
Unitemized GrantFY2021$144,000
Unitemized GrantFY2020$130,136
Unitemized GrantFY2019$97,936

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$614K
Ln 12
Investment incomeLn 3$436K
Gifts and grantsLn 1h$196K
Money outPt IX
$497K
Ln 25
Programscol B$437K
Managementcol C$42K
Fundraisingcol D$19K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$146K
Total assetsLn 16$2.3M
LiabilitiesLn 26$26K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Fundraising eventsLn 1c$11K
Investment incomeLn 3$436K
Gains on assetsLn 7$271K
Total revenueLn 12$614K
Assets in detailPt X, end of year
CashLn 1$146K
Cash and savings togetherLn 1–2$146K
Prepaid expenses and deferred chargesLn 9$5K
InvestmentsLn 11–13$2.2M
Total assetsLn 16$2.3M
LiabilitiesLn 26$26K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 51
VolunteersI 615
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 FY24End FY24
Cash and savingsLn 1–2$178K$146K
InvestmentsLn 11–13$2.4M$2.2M
Total assetsLn 16$2.5M$2.3M
LiabilitiesLn 26$321K$26K
Net assetsLn 32$2.2M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$103K$103K
Pay of current officers, directors and key staffLn 5$254K$226K$11K$16K
Payroll taxesLn 10$15K$13K$657$949
Accounting feesLn 11c$30K$2K$29K
Other fees for servicesLn 11g$72K$72K
Office expensesLn 13$8K$7K$520$526
TravelLn 17$977$870$44$63
Conferences, conventions and meetingsLn 19$6K$6K$292$422
InsuranceLn 23$6K$5K$273$394
Other expenses (24a–d)Ln 24$2K$2K$81$116
Total functional expensesLn 25$497K$437K$42K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025 $614K$497K$117K$2.3M 990 PDF
FY2023Filed with the IRS Aug 15, 2024 $630K$473K$156K$2.1M 990 PDF
FY2022Filed with the IRS Aug 15, 2023 $211K$528K−$317K$1.8M 990 PDF
FY2021Filed with the IRS May 16, 2022 $741K$458K$283K$2.8M 990 PDF
FY2020Filed with the IRS Aug 14, 2021 $395K$445K−$50K$2.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $614,405 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $70,141$195,547
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $77,132$435,899
I-11 Other revenuePrior year $0−$17,041
I-12 Total revenuePrior year $147,273$614,405
I-13 Grants and similar amounts paidPrior year $37,088$102,818
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $66,449$268,157
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $200,937$126,430
I-18 Total expensesPrior year $304,474$497,405
I-19 Revenue less expensesPrior year −$157,201$117,000
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $614,405 across 7 lines filed
VIII-1c Fundraising events$11,488
VIII-1f All other contributions, gifts and grants$184,059
VIII-1h Total contributions, gifts and grants$195,547
VIII-3 Investment incomeExcluded from tax $164,740$164,740
VIII-7 Net gain or loss on sales of assetsExcluded from tax $271,159$271,159
VIII-8 Net income from fundraising eventsExcluded from tax −$17,041−$17,041
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $418,858$614,405
Part IX · Statement of functional expenses $497,405 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $102,818$102,818
IX-5 Pay of current officers, directors and key staffPrograms $225,667 · Management $11,410 · Fundraising $16,481$253,558
IX-10 Payroll taxesPrograms $12,993 · Management $657 · Fundraising $949$14,599
IX-11c Accounting feesPrograms $1,969 · Management $28,531$30,500
IX-11g Other fees for servicesPrograms $72,365$72,365
IX-13 Office expensesPrograms $7,203 · Management $520 · Fundraising $526$8,249
IX-17 TravelPrograms $870 · Management $44 · Fundraising $63$977
IX-19 Conferences, conventions and meetingsPrograms $5,777 · Management $292 · Fundraising $422$6,491
IX-23 InsurancePrograms $5,389 · Management $273 · Fundraising $394$6,056
IX-24 Other expenses (24a–d)Programs $1,595 · Management $81 · Fundraising $116$1,792
IX-25 Total functional expensesPrograms $436,646 · Management $41,808 · Fundraising $18,951$497,405
Part X · Balance sheet $2,304,823 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $178,313$146,485
X-4 Accounts receivableStart of year $250$0
X-9 Prepaid expenses and deferred charges$5,316
X-11 Publicly traded securitiesStart of year $2,351,080$2,153,022
X-16 Total assetsStart of year $2,529,643$2,304,823
X-17 Accounts payable and accrued expensesStart of year $321,376$26,107
X-26 Total liabilitiesStart of year $321,376$26,107
X-27 Net assets without donor restrictionsStart of year $2,096,787$2,278,716
X-28 Net assets with donor restrictionsStart of year $111,480$0
X-32 Total net assets or fund balancesStart of year $2,208,267$2,278,716
X-33 Total liabilities and net assetsStart of year $2,529,643$2,304,823
Part XI · Reconciliation of net assets $2,278,716 net assets at year end
XI-1 Total revenue$614,405
XI-2 Total expenses$497,405
XI-3 Revenue less expenses$117,000
XI-4 Net assets at start of year$2,208,267
XI-5 Net unrealized gains (losses) on investments−$46,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,278,716

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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