Halcyon Futures INC: Nonprofit Profile, Financials & Form 990 (EIN 93-3537739)

Revenue by fiscal year
FY2023	$2.1M
FY2024	$2.1M

Expenses by fiscal year
FY2023	$170K
FY2024	$1.7M

Net assets by fiscal year
FY2023	$2.0M
FY2024	$2.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2024.

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

Where the money goes

79 cents of each dollar spent went to programs.

79%

20%

Program services 79% · $1.4M Management & general 20% · $336K Fundraising 1% · $18K

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

4 people listed on the 990; $437K paid to officers and key staff.

Part VII, Section A · reportable compensation

Michael McCormick

Chief Executive Officer

$283,181Pt VII · Sec A

Shelby Summerfield

Head of Operations

$153,662Pt VII · Sec A

Max Henderson

Secretary

$0Pt VII · Sec A

Kellie Liket

Director

$0Pt VII · Sec A

Michael McCormick’s $283K as Chief Executive Officer is at the 94th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 2 named individuals · Part VII

Name	FY2024	FY2023
Michael McCormick	$283,181	$70,840
Shelby Summerfield	$153,662	—

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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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

Empowering leaders to solve global challenges through support and guidance.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024

01

In 2024, halcyon ran programs such as conferences, meetings, and retreats related to its exempt purpose for halcyon cohort members. The organization offered grants to halcyon cohort members who were starting new mission-aligned organizations as well as to other nonprofit organizations.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$210K

Donor Advised Charitable Giving INCFY2024$100K

American Endowment FoundationFY2024$100K

Total grants receivedfrom 3 funders$410K

See all 3 funders →

Grants paid · 5 grants · $501K · 2024–2024

Unitemized GrantFY2024$247,280

Center for New DataCA · FY2024$100,000

Unitemized GrantFY2024$68,500

Clarity Ai Research INCCA · FY2024$65,000

Manifold for Charity INCTX · FY2024$20,000

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.1M

Ln 12

Gifts and grantsLn 1h$2.0M

Investment incomeLn 3$90K

Money outPt IX

$1.7M

Ln 25

Programscol B$1.4M

Managementcol C$336K

Fundraisingcol D$18K

Owns and owesPt X

$2.4M

net assets · Ln 32

Cash and savingsLn 1–2$2.0M

Total assetsLn 16$3.3M

LiabilitiesLn 26$972K

PeoplePt VI, VII

4

listed · VII A

PaidVII A2

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2.0M

Investment incomeLn 3$90K

Total revenueLn 12$2.1M

Assets in detailPt X, end of year

CashLn 1$111K

SavingsLn 2$1.9M

Cash and savings togetherLn 1–2$2.0M

Land, buildings, equipmentLn 10c$5K

Total assetsLn 16$3.3M

LiabilitiesLn 26$972K

Net assetsLn 32$2.4M

OperationsPt I, VI

EmployeesI 52

VolunteersI 62

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2.9M	$2.0M
Land, buildings, equipmentLn 10c	$7K	$5K
Total assetsLn 16	$2.9M	$3.3M
LiabilitiesLn 26	$946K	$972K
Net assetsLn 32	$2.0M	$2.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$185K	$185K
Grants to domestic individualsLn 2	$316K	$316K
Grants and assistance to foreign recipientsLn 3	$111K	$111K
Pay of current officers, directors and key staffLn 5	$306K	$211K	$86K	$9K
Other salaries and wagesLn 7	$154K	$106K	$43K	$5K
Pension plan contributionsLn 8	$7K	$5K	$2K	$223
Other employee benefitsLn 9	$11K	$8K	$3K	$329
Payroll taxesLn 10	$32K	$22K	$9K	$950
Legal feesLn 11b	$19K		$19K
Accounting feesLn 11c	$29K		$29K
Other fees for servicesLn 11g	$248K	$158K	$89K	$1K
Office expensesLn 13	$7K		$7K
Information technologyLn 14	$10K		$10K
OccupancyLn 16	$38K	$26K	$11K	$1K
TravelLn 17	$43K	$21K	$21K
Conferences, conventions and meetingsLn 19	$184K	$184K
Depreciation, depletion and amortizationLn 22	$2K		$2K
InsuranceLn 23	$5K		$5K
Total functional expensesLn 25	$1.7M	$1.4M	$336K	$18K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$2.1M	$1.7M	$410K	$2.4M	990 PDF
FY2023	$2.1M	$170K	$2.0M	$2.0M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $2,116,383 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,124,230$2,026,675

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $12,300$89,708

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $2,136,530$2,116,383

I-13 Grants and similar amounts paidPrior year $0$611,455

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $105,451$509,919

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $64,393$585,303

I-18 Total expensesPrior year $169,844$1,706,677

I-19 Revenue less expensesPrior year $1,966,686$409,706

Part VI · Governance 2 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

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

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $2,116,383 across 4 lines filed

VIII-1f All other contributions, gifts and grants$2,026,675

VIII-1h Total contributions, gifts and grants$2,026,675

VIII-3 Investment incomeExcluded from tax $89,708$89,708

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $89,708$2,116,383

Part IX · Statement of functional expenses $1,706,677 across 18 lines filed

IX-1 Grants to domestic organizationsPrograms $185,000$185,000

IX-2 Grants to domestic individualsPrograms $315,780$315,780

IX-3 Grants and assistance to foreign recipientsPrograms $110,675$110,675

IX-5 Pay of current officers, directors and key staffPrograms $211,288 · Management $85,740 · Fundraising $9,186$306,214

IX-7 Other salaries and wagesPrograms $106,027 · Management $43,025 · Fundraising $4,610$153,662

IX-8 Pension plan contributionsPrograms $5,122 · Management $2,078 · Fundraising $223$7,423

IX-9 Other employee benefitsPrograms $7,567 · Management $3,071 · Fundraising $329$10,967

IX-10 Payroll taxesPrograms $21,840 · Management $8,863 · Fundraising $950$31,653

IX-11b Legal feesManagement $18,605$18,605

IX-11c Accounting feesManagement $29,225$29,225

IX-11g Other fees for servicesPrograms $158,447 · Management $88,915 · Fundraising $1,082$248,444

IX-13 Office expensesManagement $7,437$7,437

IX-14 Information technologyManagement $9,928$9,928

IX-16 OccupancyPrograms $25,985 · Management $10,542 · Fundraising $1,130$37,657

IX-17 TravelPrograms $21,257 · Management $21,257$42,514

IX-19 Conferences, conventions and meetingsPrograms $184,039$184,039

IX-22 Depreciation, depletion and amortizationManagement $2,064$2,064

IX-23 InsuranceManagement $5,390$5,390

IX-25 Total functional expensesPrograms $1,353,027 · Management $336,140 · Fundraising $17,510$1,706,677

Part X · Balance sheet $3,348,422 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $170,793$110,894

X-2 Savings and temporary cash investmentsStart of year $2,734,077$1,931,483

X-3 Pledges and grants receivableStart of year $0$1,300,750

X-10c Land, buildings and equipment, netStart of year $7,359$5,295

X-16 Total assetsStart of year $2,912,229$3,348,422

X-17 Accounts payable and accrued expensesStart of year $945,543$972,030

X-26 Total liabilitiesStart of year $945,543$972,030

X-27 Net assets without donor restrictionsStart of year $1,966,686$2,376,392

X-32 Total net assets or fund balancesStart of year $1,966,686$2,376,392

X-33 Total liabilities and net assetsStart of year $2,912,229$3,348,422

Part XI · Reconciliation of net assets $2,376,392 net assets at year end

XI-1 Total revenue$2,116,383

XI-2 Total expenses$1,706,677

XI-3 Revenue less expenses$409,706

XI-4 Net assets at start of year$1,966,686

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,376,392

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

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