Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
71 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
32 people listed on the 990.
Shimene Shepard’s $83K as Executive Director is at the 21st percentile of top reported officer pay among 3395 $1–10M education 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.
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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
Connects business and civic leaders to improve local public schools for student success.
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Futures,inc. Is committed to developing programs that generate community support for the funding of scholarships for volusia county public school students in an effort to redirect their lives and enhance their career goals.
Futures,inc. Is committed to providing continued financial support to qualifying and individual volusia school district employed teachers through the awarding of mini-grants to their schools which are to be used for various classroom projects.
At various recognition events, futures, inc. Honors and recognizes the outstanding accomplishments of district students and teachers. Student programs include tomorrow's leaders for high school juniors and the turn around program for middle and high school students.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $788K | $622K |
| InvestmentsLn 11–13 | $664K | $753K |
| Total assetsLn 16 | $2.8M | $2.8M |
| LiabilitiesLn 26 | $126K | $26K |
| Net assetsLn 32 | $2.7M | $2.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $495K | $495K | ||
| Grants to domestic individualsLn 2 | $95K | $95K | ||
| Management feesLn 11a | $277K | $108K | $169K | |
| Accounting feesLn 11c | $15K | $15K | ||
| Investment management feesLn 11f | $10K | $538 | $9K | |
| Other fees for servicesLn 11g | $68K | $2K | $66K | |
| Office expensesLn 13 | $142K | $116K | $26K | |
| Information technologyLn 14 | $6K | $824 | $5K | |
| TravelLn 17 | $3K | $739 | $2K | |
| Conferences, conventions and meetingsLn 19 | $31K | $2K | $29K | |
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $13K | $13K | ||
| All other expensesLn 24e | $275 | $275 | ||
| Total functional expensesLn 25 | $1.2M | $819K | $275K | $66K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Viewing | $1.2M | $1.2M | $11K | $2.8M | 990 PDF |
| FY2023 | $1.4M | $1.2M | $186K | $2.7M | 990 PDF |
| FY2022 | $883K | $858K | $25K | $2.5M | 990 PDF |
| FY2021 | $1.1M | $889K | $230K | $2.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,172,429 across 8 lines filed
Part IX · Statement of functional expenses $1,160,979 across 13 lines filed
Part X · Balance sheet $2,799,497 assets, 15 lines filed
Part XI · Reconciliation of net assets $2,773,584 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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