Future Angler Foundation INC

Forestville, WIUnknown exempt organizationEIN 45-5330350

The future angler foundation's mission is to create new anglers by working with individuals and organizations throughout the united states to expose potential new anglers of all ages to the sport of fishing and educate them on how to catch fish and protect the resource.

97¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
2 of 4
years in the black
Worth a look: 2 of the last 4 filings show a deficit.
Pt I · Ln 19 · 4 filings
How much reaches the programs?
97%
of spending
Looks good: 97% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$41K
to officers and key staff · 14% of spending
Looks good: leaders' pay is 14% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
1 mo
of spending, in cash
Worth a look: 1.2 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $5K
Worth a look: 2 funders name it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$0
liabilities
No data yet: the filing does not give total assets.
Pt X · Ln 26
Who oversees it?
6
independent of 7 voting board members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$213K
-26% vs prior year
Spent
$288K
To programs
97%
Net assets
$0
By yearFY2020–FY2024
Revenue
$213K
FY2024▼ -26%
Revenue by fiscal year
FY2020$287K
FY2021$357K
FY2022$288K
FY2024$213K
Expenses
$288K
FY2024▼ -16%
Expenses by fiscal year
FY2020$235K
FY2021$306K
FY2022$342K
FY2024$288K
Net assets
$0
FY2024▼ -100%
Net assets by fiscal year
FY2020$96K
FY2021$147K
FY2022$93K
FY2024$0

From the FY2024 Form 990 (year ending October 2024) · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2024 — 3 yrs ago
Legal name (IRS)Hdr · item CFuture Angler Foundation INC
EINHdr · item D45-5330350
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CForestville, WI
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.futureangler.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program services97%$280K
Management & general3%$8K
Fundraising$83
Total functional expensesLn 25$288K

Financial health

Is it on solid ground?

Surplus margin
-35%
revenue over expenses, this year▼ -86% vs prior filing year
Program spending
97%
of expenses reach programs▼ -0.8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$0
FY2024▼ -100%
Total assets by fiscal year
FY2020$96K
FY2021$147K
FY2022$93K
FY2024$0
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2024$0
Revenue less expensesPt I · Ln 19−$74K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$29K
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0
Months of cash on handcomputed1.2

Statement of Revenue

Part VIII
Contributions & grants124%$263K
— government grantsLn 1e$210K
Total revenueLn 12$213K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $29K · Operating expenses/yr $288K
1.2 months
Where the money goes
Program services
Program services $275K · Total expenses $282K
97%
Management & General
Management & general $7K · Total expenses $282K
3%
Fundraising
Fundraising $83 · Total expenses $282K
0.03%
Cost to raise $1
Fundraising expense (3-yr avg) $161 · Solicited contributions (3-yr avg) $94K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $263K · Total revenue $213K
124%
Government reliance
Government grants $210K · Total revenue $213K
99%
Earned-income share
Program service revenue $0 · Total revenue $213K
0%
Investment reliance
Investment income $0 · Total revenue $213K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $288K
0%
Growth & trend
Revenue growth (YoY)
This year $213K · Prior year $288K
-26%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $213K · Expenses $288K
-35%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Patrick Neu · Reported title PRESIDENT/TREASURER · Highest reported compensation $23K · Total expenses $288K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $288K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0.03%——
Revenue growth -26%——
Legal fee ratio 0.3%——
Accounting fee ratio 2%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/Treasurer
$23,017Pt VII · Sec A
President/Treasurer
$18,140Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/ Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2022FY2021FY2020
Patrick Neu$18,140$15,288$13,575$20,124

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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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Introduces people of all ages to fishing, teaching them to catch fish and protect resources.

Provided by the organization

This section is blank until Future Angler Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

4 program services account for $460K of program spending, described in the organization's own filed words · FY2023.
01

Getting families fishing is a collaborative program with several government agencies, and ngo's that is funded through various grants and executed by "into the outdoors" education network (discover media works). This program utilizes made for television programming and corresponding curriculum to teach angling basics.

$181Kprogram expense
02

Getting families fishing is a collaborative program with several government agencies, and ngo's that is funded through various grants and executed by "into the outdoors" education network (discover media works). This program utilizes made for television programming and corresponding curriculum to teach angling basics.

$147Kprogram expense
03

The future angler foundation is working with the industry and government angencies to help support and create new programs that are attracting new anglers. The faf through a grant in 2023 helped the forest service distribute ROD/REEL combinations that the foundation purchased with grant funds and distributed to forest service regions and…

$79Kprogram expense
04

The future angler foundation supports angling educational events conducted by volunteers who share their passion and knowledge of angling with potential new anglers. In 2024 107 in person future angler events were supported by the foundation.

$54Kprogram expense

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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 · FY2023
Total grants receivedfrom 2 funders$5K
Grants paid · 5 grants · $213K · 2020–2023

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $213K$288K-26% 990 PDF
FY2023 Not on file
FY2022 $288K$342K-19% 990 PDF
FY2021 $357K$306K+25% 990 PDF
FY2020 $287K$235K 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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