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Futureindesign INC FY2020 filing

IRS exemption revoked

Price, UTUnknown exempt organization EIN 81-1194026Revenue $1.3M in FY2020

On file with the IRSfutureindesign.org720 W Price River Dr · Price, UT

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Futureindesign INC (find) creates an environment where people grow their strengths, challenge limitations, and build the confidence to find direction.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $39K a year · 3% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $85K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$132K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+54% vs prior year
Spent
$1.3M
To programs
99%
Net assets
$122K
By yearFY2019–FY2021
Revenue
$1.3M
FY2020▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2019$833K
FY2020$1.3M
FY2021$1.8M
Expenses
$1.3M
FY2020▲ +80%
Tap a bar for its year
Expenses by fiscal year
FY2019$737K
FY2020$1.3M
FY2021$1.7M
Net assets
$122K
FY2020▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2019$172K
FY2020$122K
FY2021$181K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.3M Management & general 0% · $1K Fundraising 1% · $14K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Tim Hunt
Board Member
$0Pt VII · Sec A
Dr Randall Jones
Board Member
$0Pt VII · Sec A
Robert Payne
Board Member
$0Pt VII · Sec A
Brett Smith
Creative Art
$0Pt VII · Sec A
See Futureindesign INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps people grow strengths, challenge limits, and build confidence to find direction.

Questions for Futureindesign INC

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

The futureindesign's technology focused work-force development program focuses on four key outcomes to assist underrepresented students in gaining upward mobility in utah's technology industry.

$1.3Mprogram 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
Sorenson Legacy FoundationFY2022$50K
David Kelby Johnson Memorial FoundationFY2022$25K
The Bruce and Cecilia Petersen Foundation TrustFY2022$10K
Amazonsmile FoundationFY2022$8
Total grants receivedfrom 4 funders$85K
See all 4 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$684K
Fees for servicesLn 2g$486K
Other incomeLn 4–11$109K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Managementcol C$1K
Fundraisingcol D$14K
Owns and owesPt X
$122K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$254K
LiabilitiesLn 26$132K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$684K
Government grantsLn 1e$511K
Fees for servicesLn 2g$486K
Other incomeLn 4–11$109K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$48K
Cash and savings togetherLn 1–2$48K
Land, buildings, equipmentLn 10c$188K
Total assetsLn 16$254K
LiabilitiesLn 26$132K
Net assetsLn 32$122K
OperationsPt I, VI
EmployeesI 578
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$48K
Land, buildings, equipmentLn 10c$161K$188K
Total assetsLn 16$179K$254K
LiabilitiesLn 26$7K$132K
Net assetsLn 32$172K$122K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$658K$658K
Other employee benefitsLn 9$473$473
Payroll taxesLn 10$56K$56K
Legal feesLn 11b$3K$3K
Other fees for servicesLn 11g$49K$49K
Advertising and promotionLn 12$29K$29K
Office expensesLn 13$22K$22K
Information technologyLn 14$8K$8K
OccupancyLn 16$112K$112K
TravelLn 17$45K$45K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$63K$63K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$231K$231K
All other expensesLn 24e$40K$24K$1K$14K
Total functional expensesLn 25$1.3M$1.3M$1K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $1.8M$1.7M$73K$181K 990 PDF
FY2020 Viewing $1.3M$1.3M−$51K$122K 990 PDF
FY2019 $833K$737K$95K$172K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,278,428 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $773,050$683,984
I-9 Program service revenuePrior year $59,029$485,644
I-10 Investment income$0
I-11 Other revenuePrior year $518$108,800
I-12 Total revenuePrior year $832,597$1,278,428
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $384,266$714,642
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $353,057$614,795
I-18 Total expensesPrior year $737,323$1,329,437
I-19 Revenue less expensesPrior year $95,274−$51,009
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,278,428 across 6 lines filed
VIII-1e Government grants$510,712
VIII-1f All other contributions, gifts and grants$173,272
VIII-1h Total contributions, gifts and grants$683,984
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $485,644$485,644
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $108,800$108,800
VIII-12 Total revenueRelated to mission $594,444$1,278,428
Part IX · Statement of functional expenses $1,329,437 across 16 lines filed
IX-7 Other salaries and wagesPrograms $657,740$657,740
IX-9 Other employee benefitsPrograms $473$473
IX-10 Payroll taxesPrograms $56,429$56,429
IX-11b Legal feesPrograms $2,696$2,696
IX-11g Other fees for servicesPrograms $48,668$48,668
IX-12 Advertising and promotionPrograms $28,754$28,754
IX-13 Office expensesPrograms $22,258$22,258
IX-14 Information technologyPrograms $8,393$8,393
IX-16 OccupancyPrograms $112,232$112,232
IX-17 TravelPrograms $45,404$45,404
IX-19 Conferences, conventions and meetingsPrograms $6,867$6,867
IX-20 InterestPrograms $1,147$1,147
IX-22 Depreciation, depletion and amortizationPrograms $63,100$63,100
IX-23 InsurancePrograms $4,767$4,767
IX-24 Other expenses (24a–d)Programs $230,863$230,863
IX-24e All other expensesPrograms $24,233 · Management $1,413 · Fundraising $14,000$39,646
IX-25 Total functional expensesPrograms $1,314,024 · Management $1,413 · Fundraising $14,000$1,329,437
Part X · Balance sheet $254,364 assets, 10 lines filed
X-1 Cash, non-interest-bearing$47,830
X-4 Accounts receivableStart of year $18,204$18,204
X-10c Land, buildings and equipment, netStart of year $160,999$188,330
X-16 Total assetsStart of year $179,203$254,364
X-17 Accounts payable and accrued expensesStart of year $7,130$107,296
X-24 Unsecured notes and loans payable$24,850
X-26 Total liabilitiesStart of year $7,130$132,146
X-27 Net assets without donor restrictionsStart of year $168,846$122,218
X-32 Total net assets or fund balancesStart of year $172,073$122,218
X-33 Total liabilities and net assetsStart of year $179,203$254,364
Part XI · Reconciliation of net assets $122,218 net assets at year end
XI-1 Total revenue$1,278,428
XI-2 Total expenses$1,329,437
XI-3 Revenue less expenses−$51,009
XI-4 Net assets at start of year$172,073
XI-8 Prior period adjustments$1,154
XI-10 Net assets at end of year$122,218

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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