Future for America FY2022 filing

Tax-deductible

Bonnerdale, AR501(c)(3)Youth DevelopmentEIN 77-0374869

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501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
0 of 5
filings with a surplus
Average deficit $194K a year · 152% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
44 mo
of spending, in cash
Looks good: 44.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165
-100% vs prior year
Spent
$67K
To programs
94%
Net assets
$260K
By yearFY2020–FY2024
Revenue
$165
FY2022▼ -100%
Revenue by fiscal year
FY2020$497K
FY2021$138K
FY2022$165
FY2023$60
FY2024$3K
Expenses
$67K
FY2022▼ -91%
Expenses by fiscal year
FY2020$668K
FY2021$769K
FY2022$67K
FY2023$45K
FY2024$58K
Net assets
$260K
FY2022▼ -20%
Net assets by fiscal year
FY2020$947K
FY2021$326K
FY2022$260K
FY2023$215K
FY2024$160K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1994.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $63K Management & general 6% · $4K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Employee
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathryn Pippenger’s $216K as Treasurer is at the 100th percentile of top reported officer pay among 112 <$100K 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.

See Future for America executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Future for America is a youth development nonprofit based in Bonnerdale, AR.

Provided by the organization

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1 program · $63K · in their own filed words · FY2022
01

World wide evangelism tours that encompass week longbible prophecy schools and distribution of monthlynewsletter and tapes to subscriber list of 500

$63Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$165
Ln 12
Investment incomeLn 3$165
Money outPt IX
$67K
Ln 25
Programscol B$63K
Managementcol C$4K
Owns and owesPt X
$260K
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$260K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$165
Total revenueLn 12$165
Assets in detailPt X, end of year
CashLn 1$94K
SavingsLn 2$151K
Cash and savings togetherLn 1–2$245K
Land, buildings, equipmentLn 10c$15K
Total assetsLn 16$260K
LiabilitiesLn 26$0
Net assetsLn 32$260K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
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 FY22End FY22
Cash and savingsLn 1–2$312K$245K
Land, buildings, equipmentLn 10c$15K$15K
Total assetsLn 16$328K$260K
LiabilitiesLn 26$1K$0
Net assetsLn 32$326K$260K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
OccupancyLn 16$33K$33K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$24K$24K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$67K$63K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3K$58K−$55K$160K 990 PDF
FY2023 $60$45K−$45K$215K 990 PDF
FY2022 Viewing $165$67K−$67K$260K 990 PDF
FY2021 $138K$769K−$631K$326K 990 PDF
FY2020 $497K$668K−$170K$947K 990 PDF

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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 FY2022 990 (5 parts)
Part I · Summary $165 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,438$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $129,156$165
I-11 Other revenue$0
I-12 Total revenuePrior year $137,594$165
I-13 Grants and similar amounts paidPrior year $13,042$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $682,153$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $73,828$66,816
I-18 Total expensesPrior year $769,023$66,816
I-19 Revenue less expensesPrior year −$631,429−$66,651
Part VIII · Statement of revenue $165 across 2 lines filed
VIII-3 Investment incomeRelated to mission $165$165
VIII-12 Total revenueRelated to mission $165 · Unrelated business $0 · Excluded from tax $0$165
Part IX · Statement of functional expenses $66,816 across 5 lines filed
IX-11c Accounting feesManagement $3,805$3,805
IX-16 OccupancyPrograms $33,073$33,073
IX-22 Depreciation, depletion and amortizationPrograms $2,478$2,478
IX-24 Other expenses (24a–d)Programs $24,000$24,000
IX-24e All other expensesPrograms $3,460$3,460
IX-25 Total functional expensesPrograms $63,011 · Management $3,805 · Fundraising $0$66,816
Part X · Balance sheet $259,680 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $49,778$94,143
X-2 Savings and temporary cash investmentsStart of year $262,714$150,815
X-10c Land, buildings and equipment, netStart of year $15,167$14,722
X-16 Total assetsStart of year $327,659$259,680
X-26 Total liabilitiesStart of year $1,328$0
X-32 Total net assets or fund balancesStart of year $326,331$259,680
X-33 Total liabilities and net assetsStart of year $327,659$259,680
Part XI · Reconciliation of net assets $259,680 net assets at year end
XI-1 Total revenue$165
XI-2 Total expenses$66,816
XI-3 Revenue less expenses−$66,651
XI-4 Net assets at start of year$326,331
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$259,680

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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