Future 49 INC: Nonprofit Profile, Financials & Form 990 (EIN 99-3980529)

Future 49 INC Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Status and standing

Is it real, and can you give to it?

Tax-deductible?

Not on file

Can I give now?

No revocation on IRS record

Not on the IRS revocation list.

Filing up to date?

Filed FY2024 (typical filing lag)

Legal name (IRS)Hdr · item CFuture 49 INC

EINHdr · item D99-3980529

Exempt statusHdr · item I501(c)(3) · active

Latest filingForm 990FY2024 · Form 990

Principal addressHdr · item CBeverly, MA

NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

59%

31%

Program services $0.59 Management & general $0.31 Fundraising $0.11

Program services59%$64K

Management & general31%$33K

Fundraising11%$12K

Total functional expensesLn 25$109K

Financial health

Is it on solid ground?

Surplus margin

+81%

revenue over expenses, this year

Program spending

59%

of expenses reach programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Revenue less expensesPt I · Ln 19$459K

Total assetsPt X · Ln 16$469K

Program-expense ratioPt IX · col B59%

Voting members of governing bodyPt I · Ln 33

Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year

CashLn 1$469K

Total assetsLn 16$469K

Total liabilitiesLn 26$10K

Total net assetsLn 32$459K

Months of cash on handcomputed51.6

Statement of Revenue

Part VIII

Contributions & grants100%$568K

Total revenueLn 12$568K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $469K · Operating expenses/yr $109K

51.6 months

Where the money goes

Program services

Program services $64K · Total expenses $109K

59%

Management & General

Management & general $33K · Total expenses $109K

31%

Fundraising

Fundraising $12K · Total expenses $109K

11%

Cost to raise $1

Fundraising expense $12K · Solicited contributions $568K

$0.02 to raise $1

Where the money comes from

Contribution dependence

Contributions & grants $568K · Total revenue $568K

100%

Government reliance

Government grants — · Total revenue $568K

—

Earned-income share

Program service revenue $0 · Total revenue $568K

Investment reliance

Investment income $0 · Total revenue $568K

Program self-sufficiency

Program service revenue $0 · Total expenses $109K

Growth & trend

Revenue growth (YoY)

This year $568K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $459K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $568K · Expenses $109K

+81%

Liabilities-to-Assets

Total liabilities — · Total assets $469K

—

Net-asset ratio

Net assets $459K · Total assets $469K

98%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $469K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Justin Larkin · Reported title DIRECTOR, PRESIDENT · Highest reported compensation $0 · Total expenses $109K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $109K

—

Peer comparison

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

Metric	This org	Peer median	Percentile
Program ratio	59%	—	—
Overhead ratio	31%	—	—
Fundraising cost ratio	2%	—	—
Legal fee ratio	29%	—	—

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Justin Larkin

Director, President

$0Pt VII · Sec A

Bob Griffin

Director, Vice President

$0Pt VII · Sec A

John Wood

Director, Secretary

$0Pt VII · Sec A

Charles Gantt

Treasurer

$0Pt VII · Sec A

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Governance & Policies

Part VI

3Voting board membersPt VI · Ln 1a
3Independent board membersPt VI · Ln 1b
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
Top official’s pay independently reviewedPt VI · Ln 15aNo
Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes Alaskan economic, energy, natural resources, and policy priorities nationwide.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $64K of program spending, described in the organization's own filed words · FY2024.

Future 49 inc promotes alaskan policies via events, digital advertising and social media, and polling.

$64Kprogram expense

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Filing history

Every return on file.

Year	Revenue	Expenses	Change	Filing
FY2024 Latest Viewing	$568K	$109K		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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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