Future Seekers INC

Tax-deductible

Douglasville, GA501(c)(3)Since 2003EducationEIN 75-3089134Revenue $1.6M in FY2024

On file with the IRSfutureseekers.org3270 Darby Drive, 30135-3151 · Douglasville, GATax-exempt since Oct 2024Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

To create, develop, and impliment youth and young adult comprehensive enrichment programs to prepare them to be successful academically, emotionaly, and socially.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Run by 55 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $212K a year · 14% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$180K
to officers and key staff · 13% of spending
Top officer’s pay lower than 64% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 15 voting members
Looks good: 10 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+15% vs prior year
Spent
$1.4M
To programs
65%
Net assets
$699K
By yearFY2023–FY2024
Revenue
$1.6M
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2023$1.4M
FY2024$1.6M
Expenses
$1.4M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2023$1.2M
FY2024$1.4M
Net assets
$699K
FY2024▲ +57%
Tap a bar for its year
Net assets by fiscal year
FY2023$446K
FY2024$699K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2024-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Oct 2024.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $884K Management & general 35% · $478K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

2 people listed on the 990; $180K paid to officers and key staff.

Part VII, Section A · reportable compensation
$106,000Pt VII · Sec A
Director
$74,000Pt VII · Sec A

Sandra Hall-Lay’s $106K as CEO is at the 36th 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023
Sandra Hall-Lay$106,000$105,000
Edward Hall$74,000$60,000

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.

See Future Seekers INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 15aNo

Programs and updates

Future Seekers INC is an education nonprofit based in Douglasville, GA, formed in 2003.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $884K · in their own filed words · FY2024
01

Trains and Mentors youth by facilitating programs that positively impact their academic and social experiences through secondary school, college and beyond

$884Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Money outPt IX
$1.4M
Ln 25
Programscol B$884K
Managementcol C$478K
Owns and owesPt X
$699K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.6M
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$53K
Cash and savings togetherLn 1–2$53K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.2M
Net assetsLn 32$699K
OperationsPt I, VI
EmployeesI 510
VolunteersI 655
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$265K$53K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$446K$1.9M
LiabilitiesLn 26$0$1.2M
Net assetsLn 32$446K$699K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$554K$364K$190K$0
Payroll taxesLn 10$44K$44K$0$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$12K$0$12K$0
Depreciation, depletion and amortizationLn 22$56K$56K$0$0
InsuranceLn 23$30K$0$30K$0
Other expenses (24a–d)Ln 24$144K$137K$7K$0
All other expensesLn 24e$520K$281K$239K$0
Total functional expensesLn 25$1.4M$884K$478K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.4M$240K$699K 990 PDF
FY2023 $1.4M$1.2M$185K$446K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,602,203 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,396,887$1,602,203
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,396,887$1,602,203
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $60,000$0
I-15 Salaries and benefitsPrior year $613,661$597,950
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $538,720$764,220
I-18 Total expensesPrior year $1,212,381$1,362,170
I-19 Revenue less expensesPrior year $184,506$240,033
Part VI · Governance 10 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,602,203 across 3 lines filed
VIII-1e Government grants$1,602,203
VIII-1h Total contributions, gifts and grants$1,602,203
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,602,203
Part IX · Statement of functional expenses $1,362,170 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $364,077 · Management $190,000 · Fundraising $0$554,077
IX-10 Payroll taxesPrograms $43,873 · Management $0 · Fundraising $0$43,873
IX-12 Advertising and promotionPrograms $1,985 · Management $0 · Fundraising $0$1,985
IX-13 Office expensesPrograms $0 · Management $11,800 · Fundraising $0$11,800
IX-22 Depreciation, depletion and amortizationPrograms $55,929 · Management $0 · Fundraising $0$55,929
IX-23 InsurancePrograms $0 · Management $30,105 · Fundraising $0$30,105
IX-24 Other expenses (24a–d)Programs $137,234 · Management $6,706 · Fundraising $0$143,940
IX-24e All other expensesPrograms $281,172 · Management $239,289 · Fundraising $0$520,461
IX-25 Total functional expensesPrograms $884,270 · Management $477,900 · Fundraising $0$1,362,170
Part X · Balance sheet $1,859,858 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $265,047$52,782
X-4 Accounts receivableStart of year $180,000$306,000
X-10c Land, buildings and equipment, net$1,501,076
X-16 Total assetsStart of year $446,074$1,859,858
X-17 Accounts payable and accrued expensesStart of year $24,458$31,358
X-24 Unsecured notes and loans payableStart of year −$24,458−$4,500
X-26 Total liabilitiesStart of year $0$1,161,122
X-27 Net assets without donor restrictionsStart of year $355,034$698,736
X-28 Net assets with donor restrictionsStart of year $91,040$0
X-32 Total net assets or fund balancesStart of year $446,074$698,736
X-33 Total liabilities and net assetsStart of year $446,074$1,859,858
Part XI · Reconciliation of net assets $698,736 net assets at year end
XI-1 Total revenue$1,602,203
XI-2 Total expenses$1,362,170
XI-3 Revenue less expenses$240,033
XI-4 Net assets at start of year$446,074
XI-9 Other changes in net assets$12,629
XI-10 Net assets at end of year$698,736

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.