Futurepromise FY2020 filing

IRS exemption revoked

Cincinnati, OHUnknown exempt organization EIN 82-2920266Revenue $521K in FY2020Latest return filed May 16, 2022

On file with the IRSfuturepromise2.orgCincinnati, OH

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The mission of Futurepromise is to serve adolescent males in caring, accepting and safe environment. Using a mentor-based modeled program, our goal is to lead our young men into adulthood by providing them with positive role models within the home, coaching them to become healthy and productive individuals that will make a positive impact in the community.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2920266) · Dispute this line
86¢ of each $1 spent went to programs.
$11K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
The latest return is for FY2021, 5 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $98K a year · 14% of revenue · last 2 filings
A surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
1.0 mo
of spending, in cash
1.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$521K
Spent
$354K
To programs
86%
Net assets
$156K
By yearFY2020–FY2021
Revenue
$521K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$521K
FY2021$883K
Expenses
$354K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$354K
FY2021$854K
Net assets
$156K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$156K
FY2021$185K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on November 15, 2024
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

86 cents of each dollar spent went to programs.

Program services 86% · $305K Management & general 14% · $49K

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

8 people listed on the 990; $11K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Vice Preside
$10,920Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Lintonia a Wyche$51,478$10,920

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 Futurepromise executive salaries →

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

Guides adolescent males into adulthood through a mentor-based program, fostering positive role models and community impact.

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1 program · $305K · in their own filed words · FY2019
01

The mission of futurepromise is to serve adolescent males in caring, accepting and safe environment. Using a mentor-based modeled program, our goal is to lead our young men into adulthood by providing them with positive role models within the home, coaching them to become healthy and productive individuals that will make a positive…

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2920266) · Dispute this line
$305Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$521K
Ln 12
Fees for servicesLn 2g$521K
Money outPt IX
$354K
Ln 25
Programscol B$305K
Managementcol C$49K
Owns and owesPt X
$156K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$158K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$521K
Total revenueLn 12$521K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Accounts receivableLn 4$93K
Notes and loans receivableLn 7$19K
Land, buildings, equipmentLn 10c$17K
Total assetsLn 16$158K
LiabilitiesLn 26$3K
Net assetsLn 32$156K
OperationsPt I, VI
EmployeesI 513
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$2K$29K
Land, buildings, equipmentLn 10c$4K$17K
Total assetsLn 16$34K$158K
LiabilitiesLn 26$45K$3K
Net assetsLn 32−$11K$156K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$11K$9K$2K
Other salaries and wagesLn 7$176K$140K$35K
Other employee benefitsLn 9$1K$1K$276
Payroll taxesLn 10$12K$10K$2K
Other fees for servicesLn 11g$7K$7K$576
Office expensesLn 13$9K$8K$943
RoyaltiesLn 15$108K$103K$5K
TravelLn 17$14K$12K$1K
Depreciation, depletion and amortizationLn 22$2K$2K$206
InsuranceLn 23$11K$10K$1K
Other expenses (24a–d)Ln 24$3K$3K$332
Total functional expensesLn 25$354K$305K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS May 16, 2022 $883K$854K$30K$185K 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $521K$354K$166K$156K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $520,614 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$520,614
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$520,614
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$199,922
I-16a Professional fundraising fees$0
I-17 Other expenses$154,382
I-18 Total expenses$354,304
I-19 Revenue less expenses$166,310
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $520,614 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $520,614$520,614
VIII-12 Total revenueRelated to mission $520,614$520,614
Part IX · Statement of functional expenses $354,304 across 11 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $8,736 · Management $2,184$10,920
IX-7 Other salaries and wagesPrograms $140,474 · Management $35,119$175,593
IX-9 Other employee benefitsPrograms $1,102 · Management $276$1,378
IX-10 Payroll taxesPrograms $9,625 · Management $2,406$12,031
IX-11g Other fees for servicesPrograms $6,622 · Management $576$7,198
IX-13 Office expensesPrograms $8,485 · Management $943$9,428
IX-15 RoyaltiesPrograms $102,804 · Management $4,946$107,750
IX-17 TravelPrograms $12,200 · Management $1,356$13,556
IX-22 Depreciation, depletion and amortizationPrograms $1,836 · Management $206$2,042
IX-23 InsurancePrograms $9,983 · Management $1,109$11,092
IX-24 Other expenses (24a–d)Programs $2,984 · Management $332$3,316
IX-25 Total functional expensesPrograms $304,851 · Management $49,453 · Fundraising $0$354,304
Part X · Balance sheet $158,034 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,821$29,462
X-4 Accounts receivableStart of year $28,097$93,075
X-7 Notes and loans receivable$18,797
X-10c Land, buildings and equipment, netStart of year $4,447$16,700
X-16 Total assetsStart of year $34,365$158,034
X-17 Accounts payable and accrued expensesStart of year $2,327$2,518
X-26 Total liabilitiesStart of year $45,159$2,518
X-27 Net assets without donor restrictionsStart of year −$10,794$155,516
X-32 Total net assets or fund balancesStart of year −$10,794$155,516
X-33 Total liabilities and net assetsStart of year $34,365$158,034
Part XI · Reconciliation of net assets $155,516 net assets at year end
XI-1 Total revenue$520,614
XI-2 Total expenses$354,304
XI-3 Revenue less expenses$166,310
XI-4 Net assets at start of year−$10,794
XI-10 Net assets at end of year$155,516

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

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