Future Problem Solving Program International INC EIN 42-1234706 Form 990 (PDF) Claim this org

Future Problem Solving Program International INC

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Teaches young people creative problem-solving skills for future challenges. For fiscal year 2025 it reported $1.6M in revenue, $1.5M in expenses, and $919K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Indialantic, FL
Website
www.fpspi.org
Filings
5 on file (2021–2025)
Revenue
$1.6MFY2025
Expenses
$1.5M
Net assets
$919K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  42-1234706 Public charity (501(c)(3)) Indialantic, FL
Form 990 (PDF)
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Figures match the IRS filing checked 9/14/26 · see original: IRS
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Size
$1–10M
What they do
Teaches young people creative problem-solving skills for future challenges.
Leadership
April Michele · Executive Di · $111K
Money in and out
$1.6M revenue, $1.5M expenses
Bottom line
95% program efficiency
Where the money goes · FY2025
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$919K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $94K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs+0.1% vs prior filing year
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate▼ -21% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +104% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.6M
FY2025▲ +15%
Expenses
$1.5M
FY2025▲ +11%
Total assets
$1.3M
FY2025▼ -4%
Total liabilities
$339K
FY2025▼ -32%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$919K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$94K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFuture Problem Solving Program International INC
EINHdr · item D42-1234706
Principal addressHdr · item CIndialantic, FL
WebsiteHdr · item Jwww.fpspi.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1993

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 13Yes
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 (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$110,976Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
April Michele$110,976$105,550$97,126$89,248

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

3 program services account for $1.5M of program spending, described in the organization's own filed words · FY2024.
01

Future problem solving ignites curiosity about real-world issues and equips young people with essential, complex problem-solving skills needed to thrive in school, careers, and life. Through dynamic academic challenges, FPS empowers students to become creative and critical thinkers who envision, and take action toward, a better future.

$899Kprogram expense
02

Our educational outcomes are transformative, equipping young people to solve complex problems, take meaningful action, and drive positive change. We spark curiosity about real-world issues, developing problem-solving skills that empower students to excel in school, careers, and life.

$562Kprogram expense
03

The center for creative learning is built on more than five decades of research, development, and field experience worldwide. A wide variety of offerings include high-quality web-based and print resources, e-learning opportunities, workshops, and consulting services on creativity and creative problem solving.

$1Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.4M · 88%
Contributions & grants$141K · 9%
Other revenue$40K · 2%
Investment income$22K · 1%
Program service revenue88%$1.4M
Contributions & grants9%$141K
Other revenue2%$40K
Investment income1%$22K
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$1.5M
Management & general5%$77K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$941K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$339K
Total net assetsLn 32$919K
Months of cash on handcomputed7.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $941K · Operating expenses/yr $1.5M
7.3 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.5M
95%
Management & General
Management & general $77K · Total expenses $1.5M
5%
Fundraising
Fundraising $0 · Total expenses $1.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $108K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $141K · Total revenue $1.6M
9%
Government reliance
Government grants — · Total revenue $1.6M
Earned-income share
Program service revenue $1.4M · Total revenue $1.6M
88%
Investment reliance
Investment income $22K · Total revenue $1.6M
+1%
Program self-sufficiency
Program service revenue $1.4M · Total expenses $1.5M
93%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.4M
+15%
Revenue CAGR
FY2020 $667K · FY2024 $1.6M
+25%
Net-asset trend (YoY)
End of year $919K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.5M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $919K · Total assets $1.3M
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual April Michele · Reported title EXECUTIVE DI · Highest reported compensation $111K · Total expenses $1.5M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $532K · Total expenses $1.5M
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 15%
Legal fee ratio 1%
Accounting fee ratio 0.5%

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
Total grants receivedfrom 3 funders$22K
See all 3 funders →
Grants paid · 2 grants · $13K · 2023–2024
Unitemized GrantFY2024$8,003
Unitemized GrantFY2023$5,250

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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)$1.6M revenue · viewing · ⤓ 990 PDF
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$877K revenue · ⤓ 990 PDF
FY2021$667K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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