Trusted Future FY2023 filing

Washington, DCUnknown exempt organization EIN 87-1332976Revenue $3.0M in FY2023

On file with the IRStrustedfuture.org1100 G Street Suite 750 · Washington, DC

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This organization will educate the public and policy makers on the importance of establishing a safe and secure digital infrastructure to maintain the trust of the public, particularly when IT comes to protecting privacy, deterring and defeating attacks, and establishing a safe and secure ecosystem.

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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 $663K a year · 20% 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
10 mo
of spending, in cash
Looks good: 10.0 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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
-25% vs prior year
Spent
$3.1M
To programs
95%
Net assets
$2.6M
By yearFY2021–FY2024
Revenue
$3.0M
FY2023▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.0M
FY2022$4.0M
FY2023$3.0M
FY2024$3.0M
Expenses
$3.1M
FY2023▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2021$90K
FY2022$4.2M
FY2023$3.1M
FY2024$2.9M
Net assets
$2.6M
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.9M
FY2022$2.7M
FY2023$2.6M
FY2024$2.7M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $3.0M Management & general 5% · $152K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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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

Educates the public and policymakers on building a safe digital infrastructure to protect privacy and deter attacks.

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2023
01

This organization will educate the public and policy makers on the importance of establishing a safe and secure digital infrastructure to maintain the trust of the public, particularly when it comes to protecting privacy, deterring and defeating attacks, and establishing a safe and secure ecosystem.

$3.0Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$3.0M
Money outPt IX
$3.1M
Ln 25
Programscol B$3.0M
Managementcol C$152K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$2.6M
Cash and savings togetherLn 1–2$2.6M
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY23End FY23
Cash and savingsLn 1–2$2.7M$2.6M
Total assetsLn 16$2.7M$2.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.7M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$60K$60K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$3.0M$3.0M
Information technologyLn 14$45K$45K
TravelLn 17$41K$41K
Other expenses (24a–d)Ln 24$943$943
Total functional expensesLn 25$3.1M$3.0M$152K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.0M$2.9M$51K$2.7M 990 PDF
FY2023 Viewing $3.0M$3.1M−$107K$2.6M 990 PDF
FY2022 $4.0M$4.2M−$201K$2.7M 990 PDF
FY2021 $3.0M$90K$2.9M$2.9M 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 FY2023 990 (6 parts)
Part I · Summary $3,000,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,000,000$3,000,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,000,000$3,000,000
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,200,966$3,107,169
I-18 Total expensesPrior year $4,200,966$3,107,169
I-19 Revenue less expensesPrior year −$200,966−$107,169
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $3,000,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$3,000,000
VIII-1h Total contributions, gifts and grants$3,000,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,000,000
Part IX · Statement of functional expenses $3,107,169 across 6 lines filed
IX-11b Legal feesManagement $60,000$60,000
IX-11c Accounting feesManagement $5,000$5,000
IX-11g Other fees for servicesPrograms $2,955,475$2,955,475
IX-14 Information technologyManagement $45,000$45,000
IX-17 TravelManagement $40,751$40,751
IX-24 Other expenses (24a–d)Management $943$943
IX-25 Total functional expensesPrograms $2,955,475 · Management $151,694 · Fundraising $0$3,107,169
Part X · Balance sheet $2,601,745 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $2,708,914$2,601,745
X-16 Total assetsStart of year $2,708,914$2,601,745
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,708,914$2,601,745
X-33 Total liabilities and net assetsStart of year $2,708,914$2,601,745
Part XI · Reconciliation of net assets $2,601,745 net assets at year end
XI-1 Total revenue$3,000,000
XI-2 Total expenses$3,107,169
XI-3 Revenue less expenses−$107,169
XI-4 Net assets at start of year$2,708,914
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,601,745

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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