Future Kings INC: FY2020 Nonprofit Profile & Form 990 (EIN 46-5254881)

Revenue by fiscal year
FY2020	$173K
FY2021	$192K
FY2022	$225K
FY2023	$328K
FY2024	$368K
FY2025	$332K

Expenses by fiscal year
FY2020	$110K
FY2021	$178K
FY2022	$284K
FY2023	$269K
FY2024	$329K
FY2025	$365K

Net assets by fiscal year
FY2020	$70K
FY2021	$83K
FY2022	$24K
FY2023	$84K
FY2024	$124K
FY2025	$53K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Where the money goes

77 cents of each dollar spent went to programs.

77%

14%

Program services 77% · $84K Management & general 14% · $16K Fundraising 9% · $10K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Dr Arik King

Executive Director

$0Pt VII · Sec A

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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

Empowers underserved boys to launch and scale STEM businesses.

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Provided by the organization

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1 program · $84K · in their own filed words · FY2020

01

Our STEM camps served 50 boys and girls from underserved communities. The camps operated from 8:30am to 4:30pm Mondaythrough Friday. Lunch was provided. There were four camps that operated provided introductory skills in Cyber Security, Stock Market Investing, Computer Game Design, ad 3-Dprinting, The goal of the camps was to excite…

$84Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2025

Claude Moore OpportunitiesFY2025$5K

Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$173K

Ln 12

Fees for servicesLn 2g$148K

Gifts and grantsLn 1h$25K

Money outPt IX

$110K

Ln 25

Programscol B$84K

Managementcol C$16K

Fundraisingcol D$10K

Owns and owesPt X

$70K

net assets · Ln 32

Cash and savingsLn 1–2$64K

Total assetsLn 16$65K

LiabilitiesLn 26−$4K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$25K

Fundraising eventsLn 1c$19K

Fees for servicesLn 2g$148K

Total revenueLn 12$173K

Assets in detailPt X, end of year

CashLn 1$64K

Cash and savings togetherLn 1–2$64K

Land, buildings, equipmentLn 10c$1K

Total assetsLn 16$65K

LiabilitiesLn 26−$4K

Net assetsLn 32$70K

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$489	$64K
Land, buildings, equipmentLn 10c	$2K	$1K
Total assetsLn 16	$3K	$65K
LiabilitiesLn 26	−$3K	−$4K
Net assetsLn 32	$6K	$70K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$14K	$14K
Accounting feesLn 11c	$580		$580
Advertising and promotionLn 12	$248		$23	$225
Depreciation, depletion and amortizationLn 22	$742		$742
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$18K	$17K	$769
All other expensesLn 24e	$75K	$54K	$12K	$9K
Total functional expensesLn 25	$110K	$84K	$16K	$10K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$332K	$365K	−$33K	$53K	990 PDF
FY2024	$368K	$329K	$39K	$124K	990 PDF
FY2023	$328K	$269K	$59K	$84K	990 PDF
FY2022	$225K	$284K	−$59K	$24K	990 PDF
FY2021	$192K	$178K	$15K	$83K	990 PDF
FY2020 Viewing	$173K	$110K	$64K	$70K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $173,196 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $25,695$24,831

I-9 Program service revenuePrior year $40,017$148,365

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $65,712$173,196

I-13 Grants and similar amounts paid$13,856

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $60,629$95,790

I-18 Total expensesPrior year $60,629$109,646

I-19 Revenue less expensesPrior year $5,083$63,550

Part VI · Governance 3 of 3 board members independent, no flags

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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 $173,196 across 6 lines filed

VIII-1b Membership dues$2,443

VIII-1c Fundraising events$18,654

VIII-1f All other contributions, gifts and grants$3,734

VIII-1h Total contributions, gifts and grants$24,831

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $148,365$148,365

VIII-12 Total revenueRelated to mission $148,365 · Unrelated business $0 · Excluded from tax $0$173,196

Part IX · Statement of functional expenses $109,646 across 7 lines filed

IX-2 Grants to domestic individualsPrograms $13,856$13,856

IX-11c Accounting feesManagement $580$580

IX-12 Advertising and promotionManagement $23 · Fundraising $225$248

IX-22 Depreciation, depletion and amortizationManagement $742$742

IX-23 InsuranceManagement $1,683$1,683

IX-24 Other expenses (24a–d)Programs $16,816 · Management $769$17,585

IX-24e All other expensesPrograms $53,734 · Management $11,722 · Fundraising $9,496$74,952

IX-25 Total functional expensesPrograms $84,406 · Management $15,519 · Fundraising $9,721$109,646

Part X · Balance sheet $65,106 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $489$63,994

X-10c Land, buildings and equipment, netStart of year $1,854$1,112

X-16 Total assetsStart of year $2,643$65,106

X-25 Other liabilitiesStart of year −$3,329−$4,416

X-26 Total liabilitiesStart of year −$3,329−$4,416

X-27 Net assets without donor restrictionsStart of year $5,972$69,522

X-32 Total net assets or fund balancesStart of year $5,972$69,522

X-33 Total liabilities and net assetsStart of year $2,643$65,106

Part XI · Reconciliation of net assets $69,522 net assets at year end

XI-1 Total revenue$173,196

XI-2 Total expenses$109,646

XI-3 Revenue less expenses$63,550

XI-4 Net assets at start of year$5,972

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$69,522

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Future Kings INC FY2020 filing

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