Future Majority INC EIN 61-1871761 Form 990 (PDF) Claim this org

Future Majority INC

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Researches policy issues, conducts public opinion polling, and advocates for public education campaigns to inform leaders and the public. For fiscal year 2024 it reported $17.3M in revenue, $14.6M in expenses, and $3.5M in net assets.Pt I

Founded
2018
Type
Unknown exempt organization · Nonprofit
Location
Washington, DC
Website
www.futuremajority.org
Filings
5 on file (2020–2024)
Revenue
$17.3MFY2024
Expenses
$14.6M
Net assets
$3.5M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  61-1871761 Unknown exempt organization Washington, DC Founded 2018
Form 990 (PDF)
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Size
$10–100M
What they do
Researches policy issues, conducts public opinion polling, and advocates for public education campaigns to inform leaders and the public.
Leadership
Matthew Tompkins · Treasurer, CFO & Dir. · $198K
Money in and out
$17.3M revenue, $14.6M expenses
Bottom line
+16% surplus margin
Reported financial activity · FY2024
Total revenue
$17.3M
Pt VIII · Ln 12
Total expenses
$14.6M
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.8M
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Surplus margin
+16%
revenue over expenses, this year▲ +167% vs prior filing year
Program spending
98%
of expenses reach programs▲ +5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$17.3M
FY2024▲ +356%
Expenses
$14.6M
FY2024▲ +209%
Total assets
$3.5M
FY2024▲ +388%
Total liabilities
$575
FY2024▼ -26%
Total revenue
$17.3M
Pt VIII · Ln 12
Total expenses
$14.6M
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.8M
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFuture Majority INC
EINHdr · item D61-1871761
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.futuremajority.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer, CFO & Dir.
$198,000Pt VII · Sec A
President & CEO (see Sched L)
$0Pt VII · Sec A
Cco & Cro (see Sched L)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mark Riddle$216,000
Matthew Tompkins$198,000$198,000$198,000$180,000$168,000
Dustin Robinson$144,000

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

2 program services account for $14.3M of program spending, described in the organization's own filed words · FY2024.
01

Public Education Campaigns & Communications

Future majority continued to engage the general public and leaders by communicating through public media to educate americans on issues that impact their lives. Key issues include healthcare affordability thru PBM, financial freedom, cost of living, voting rights and DEMOCRACY.BELOW are the campaigns: america is calling vote a public…

$13.5Mprogram expense
02

Research on policy issues, advocacy, and public opinion polling:the cornerstone of future majority's operations in 2024 was its public policy research and public opinion polling. The research was used to inform future majority's public education campaigns, as well as inform leaders, organizations, and civic groups on critical issues.

$803Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$17.3M
Total revenueLn 12$17.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Program services98%$14.3M
Management & general1%$186K
Fundraising1%$102K
Total functional expensesLn 25$14.6M

Balance Sheet

Part X · end of year
CashLn 1$3.5M
Total assetsLn 16$3.5M
Total liabilitiesLn 26$575
Total net assetsLn 32$3.5M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.5M · Operating expenses/yr $14.6M
2.9 months
Where the money goes
Program services
Program services $14.3M · Total expenses $14.6M
98%
Management & General
Management & general $186K · Total expenses $14.6M
1%
Fundraising
Fundraising $102K · Total expenses $14.6M
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $121K · Solicited contributions (3-yr avg) $10.4M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $17.3M · Total revenue $17.3M
100%
Government reliance
Government grants — · Total revenue $17.3M
Earned-income share
Program service revenue $0 · Total revenue $17.3M
0%
Investment reliance
Investment income $0 · Total revenue $17.3M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $14.6M
0%
Growth & trend
Revenue growth (YoY)
This year $17.3M · Prior year $3.8M
+356%
Revenue CAGR
FY2020 $24.4M · FY2024 $17.3M
-8%
Net-asset trend (YoY)
End of year $3.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17.3M · Expenses $14.6M
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $3.5M
Net-asset ratio
Net assets $3.5M · Total assets $3.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew Tompkins · Reported title TREASURER, CFO & DIR. · Highest reported compensation $198K · Total expenses $14.6M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $198K · Total expenses $14.6M
1%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 1%
Fundraising cost ratio 0.6%
Revenue growth 356%
Legal fee ratio <0.01%
Accounting fee ratio 0.09%

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 1 funder$390K
Grants paid · 10 grants · $6.2M · 2020–2024
America's Future Majority FundFY2024$780,000
ValorusCA · FY2023$57,500
ValorusCA · FY2022$57,500
America VotesDC · FY2022$25,000
Unite the CountryFY2020$5,000,000
Mpower 360FY2020$80,000
Rise Action FundCA · FY2020$50,000
South Carolina Democratic PartyFY2020$10,000

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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
FY2024 (Latest)$17.3M revenue · viewing · ⤓ 990 PDF
FY2023$3.8M revenue · ⤓ 990 PDF
FY2022$10.0M revenue · ⤓ 990 PDF
FY2021$27.7M revenue · ⤓ 990 PDF
FY2020$24.4M revenue · ⤓ 990 PDF

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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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