Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
9 people listed on the 990.
Ronette Smith’s $135K as CEO is at the 56th percentile of top reported officer pay among 1552 $1–10M youth 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 · 4 named individuals · Part VII
| Name | FY2023 | FY2020 |
|---|---|---|
| Ronette Smith | $135,000 | — |
| Qaadirah Abdur-Rahim | — | $123,690 |
| James Tyson | — | $23,077 |
| Carla Smith | — | $13,769 |
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 Future Foundation INC 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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides youth in poverty with new experiences and skills to thrive.
Questions for Future Foundation INC
Your first name shows with your question. Future Foundation INC answers here, for everyone.
Since 2001, the foundation has focused on five critical interdependent areas of young peoples' lives - relationships, health, life skills, academics, and family - and provided related resources to their families as well, so that both generations can make progress together.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported 1 finding: doubt the group can keep going, a weakness in money controls.
The auditor reported no findings.
The auditor reported 2 findings: a weakness in money controls.
The auditor reported 3 findings: a material weakness in money controls, questioned costs.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $134K | $159K |
| Land, buildings, equipmentLn 10c | $158K | $158K |
| Total assetsLn 16 | $454K | $451K |
| LiabilitiesLn 26 | $291K | $235K |
| Net assetsLn 32 | $162K | $216K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $180K | $92K | $57K | $31K |
| Other salaries and wagesLn 7 | $708K | $655K | $19K | $33K |
| Other employee benefitsLn 9 | $27K | $25K | $2K | |
| Payroll taxesLn 10 | $71K | $63K | $8K | |
| Accounting feesLn 11c | $114K | $114K | ||
| Other fees for servicesLn 11g | $178K | $110K | $4K | $65K |
| Advertising and promotionLn 12 | $33K | $32K | $713 | |
| Office expensesLn 13 | $6K | $6K | ||
| Information technologyLn 14 | $13K | $13K | ||
| OccupancyLn 16 | $179K | $172K | $5K | $2K |
| TravelLn 17 | $22K | $22K | ||
| InterestLn 20 | $5K | $5K | ||
| InsuranceLn 23 | $70K | $70K | ||
| Other expenses (24a–d)Ln 24 | $116K | $86K | $30K | |
| All other expensesLn 24e | $35K | $19K | $16K | |
| Total functional expensesLn 25 | $1.8M | $1.5M | $148K | $130K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 LatestFiled with the IRS Apr 21, 2026 | $1.4M | $1.6M | −$264K | −$65K | 990 PDF |
| FY2022 ViewingFiled with the IRS Nov 15, 2023 | $1.8M | $1.8M | $55K | $216K | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $2.0M | $2.2M | −$207K | $162K | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $2.6M | $2.5M | $13K | $370K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $1,811,859 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $1,811,859 across 6 lines filed
Part IX · Statement of functional expenses $1,757,025 across 15 lines filed
Part X · Balance sheet $450,870 assets, 13 lines filed
Part XI · Reconciliation of net assets $215,668 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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