Futurewise EIN 91-1539831

Futurewise FY2022 filing

EIN  91-1539831 Public charity (501(c)(3)) Seattle, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes healthy communities and protects natural resources through wise land use policies.
Leadership
Alex Brennan · Executive Dir. · $100K
Money in and out
$1.4M revenue, $1.2M expenses
Bottom line
74% program efficiency

Promotes healthy communities and protects natural resources through wise land use policies. For fiscal year 2022 it reported $1.4M in revenue, $1.2M in expenses, and $617K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$617K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $147K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.14 Fundraising $0.11
Program efficiency
74%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.4M
FY2022▲ +5%
Expenses
$1.2M
FY2022▲ +17%
Total assets
$707K
FY2022▲ +29%
Total liabilities
$90K
FY2022▲ +14%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$617K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$147K
Total assetsPt X · Ln 16$707K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $907K of program spending, described in the organization's own filed words · FY2022.
01

Futurewise advocates for healthy, equitable and wise local planning and land use policies across the state. In 2022, Futurewise began education and advocacy regarding comprehensive plan updates that will shape growth in Central Puget Sound.

$541Kprogram expense
02

Futurewise advocates for healthy, equitable and wise planning and land use policies at the state level. In 2022, Futurewise successfully advocated to close loopholes that were allowing suburban development on farmland and wildlife habitat that should be protected. This win was the culmination of over a decade of advocacy on this issue.

$237Kprogram expense
03

Futurewise appeals local planning and development regulations that harm the environment, farmland, and communities and violate state law. In 2022, Futurewise won an appeal of the Spokane County capital facilities plan at the State Court of Appeals.

$130Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFuturewise
EINHdr · item D91-1539831
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.futurewise.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C015)
Ruling yearIRS BMFJul 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$100,000Pt VII · Sec A
Director
$44,099Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Alex Brennan’s $115K as Executive Dir. is at the 88th percentile of top reported officer pay among 1981 $100K–1M environment 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alex Brennan$115,000$112,500$100,000$97,000$100,000
Sarah Myhre$44,099
Millicent Rhoades$39,584$9,485
Jennifer Decastro$35,502$21,869

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.

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Statement of Revenue

Part VIII
Contributions & grants$1.3M · 99%
Other revenue$18K · 1%
Contributions & grants99%$1.3M
Other revenue1%$18K
Investment income$138
— government grantsLn 1e$183K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.14 Fundraising $0.11
Program services74%$907K
Management & general14%$173K
Fundraising11%$139K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$518K
Total assetsLn 16$707K
Total liabilitiesLn 26$90K
Total net assetsLn 32$617K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $518K · Operating expenses/yr $1.2M
5.1 months
Where the money goes
Program services
Program services $907K · Total expenses $1.2M
74%
Management & General
Management & general $173K · Total expenses $1.2M
14%
Fundraising
Fundraising $139K · Total expenses $1.2M
11%
Cost to raise $1
Fundraising expense (3-yr avg) $124K · Solicited contributions (3-yr avg) $874K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.3M · Total revenue $1.4M
99%
Government reliance
Government grants $183K · Total revenue $1.4M
13%
Earned-income share
Program service revenue $0 · Total revenue $1.4M
0%
Investment reliance
Investment income $138 · Total revenue $1.4M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.3M
+5%
Net-asset trend (YoY)
End of year $617K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.2M
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $707K
Net-asset ratio
Net assets $617K · Total assets $707K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $707K
0%
People & payroll
Highest Reported Total Compensation
Individual Alex Brennan · Reported title Executive Dir. · Highest reported compensation $100K · Total expenses $1.2M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $773K · Total expenses $1.2M
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 14%
Fundraising cost ratio 10%
Revenue growth 5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 17 funders →
Grants paid · 1 grant · $21K · 2020–2020
Zero Waste WashingtonWA · FY2020$21,270

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$967K revenue · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · viewing · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$676K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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