Future Forum Foundation

Not tax-deductible

Mc Lean, VA501(c)(4)Public & Societal Benefit EIN 82-0593495Revenue $362K in FY2024

On file with the IRSfutureforumfoundation.org1214a Ingleside Ave, 22101-2815 · Mc Lean, VATax-exempt since Mar 2018

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The Future Forum Foundation organizes events, research and programming to discuss and educate individuals on the role and challenges the millennial generation faces.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
52¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 4
filings with a surplus
Average surplus $58K a year · 16% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$362K
-34% vs prior year
Spent
$311K
To programs
52%
Net assets
$355K
By yearFY2020–FY2024
Revenue
$362K
FY2024▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$287K
FY2021$218K
FY2022$165K
FY2023$550K
FY2024$362K
Expenses
$311K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$299K
FY2021$276K
FY2022Not on file
FY2023$298K
FY2024$311K
Net assets
$355K
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$109K
FY2021$50K
FY2022$51K
FY2023$303K
FY2024$355K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2018.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $162K Management & general 25% · $77K Fundraising 23% · $72K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Chair, President
$0Pt VII · Sec A
Director, Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

April Beeman’s $78K as Executive Director is at the 62nd percentile of top reported officer pay among 1044 $100K–1M public & societal benefit 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 · 1 named individual · Part VII

NameFY2022FY2021FY2020
April Beeman$78,461$120,000$124,615

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 Forum Foundation 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 15aNo

Programs and updates

Organizes events and research to educate about the Millennial generation's challenges and roles.

Questions for Future Forum Foundation

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Provided by the organization

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1 program · $162K · in their own filed words · FY2024
01

The organization engaged in event, research and programming activities to discuss and educate individuals on the role and challenges the younger generation faces.

$162Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$362K
Ln 12
Gifts and grantsLn 1h$362K
Money outPt IX
$311K
Ln 25
Programscol B$162K
Managementcol C$77K
Fundraisingcol D$72K
Owns and owesPt X
$355K
net assets · Ln 32
Cash and savingsLn 1–2$355K
Total assetsLn 16$355K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$362K
Total revenueLn 12$362K
Assets in detailPt X, end of year
CashLn 1$355K
Cash and savings togetherLn 1–2$355K
Total assetsLn 16$355K
LiabilitiesLn 26$0
Net assetsLn 32$355K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$303K$355K
Total assetsLn 16$303K$355K
LiabilitiesLn 26$0$0
Net assetsLn 32$303K$355K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$180K$108K$0$72K
Legal feesLn 11b$951$0$951$0
Accounting feesLn 11c$4K$0$4K$0
Other fees for servicesLn 11g$86K$14K$72K$0
Conferences, conventions and meetingsLn 19$39K$39K$0$0
Total functional expensesLn 25$311K$162K$77K$72K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $362K$311K$52K$355K 990 PDF
FY2023 $550K$298K$252K$303K 990 PDF
FY2022 $165K$51K 990 PDF
FY2021 $218K$276K−$59K$50K 990 PDF
FY2020 $287K$299K−$12K$109K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $362,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $550,000$362,500
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $550,000$362,500
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $297,926$310,629
I-18 Total expensesPrior year $297,926$310,629
I-19 Revenue less expensesPrior year $252,074$51,871
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $362,500 across 3 lines filed
VIII-1f All other contributions, gifts and grants$362,500
VIII-1h Total contributions, gifts and grants$362,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$362,500
Part IX · Statement of functional expenses $310,629 across 5 lines filed
IX-11a Management feesPrograms $108,000 · Management $0 · Fundraising $72,000$180,000
IX-11b Legal feesPrograms $0 · Management $951 · Fundraising $0$951
IX-11c Accounting feesPrograms $0 · Management $4,144 · Fundraising $0$4,144
IX-11g Other fees for servicesPrograms $14,450 · Management $72,000 · Fundraising $0$86,450
IX-19 Conferences, conventions and meetingsPrograms $39,084 · Management $0 · Fundraising $0$39,084
IX-25 Total functional expensesPrograms $161,534 · Management $77,095 · Fundraising $72,000$310,629
Part X · Balance sheet $355,355 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $303,484$355,355
X-16 Total assetsStart of year $303,484$355,355
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $303,484$355,355
X-33 Total liabilities and net assetsStart of year $303,484$355,355
Part XI · Reconciliation of net assets $355,355 net assets at year end
XI-1 Total revenue$362,500
XI-2 Total expenses$310,629
XI-3 Revenue less expenses$51,871
XI-4 Net assets at start of year$303,484
XI-10 Net assets at end of year$355,355

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

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