Future Fortunes Foundation
EIN: 264567250 · Norman, OK · NTEE: T21
| Metric | Value |
|---|---|
| Total Revenue | $699 |
| Total Expenses | $9K |
| Net Assets | $23K |
Is Future Fortunes Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Future Fortunes Foundation
Future Fortunes Foundation (EIN: 264567250) is a nonprofit organization based in Norman, OK, classified under NTEE code T21. The organization reported total revenue of $699 and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Future Fortunes Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Future Fortunes Foundation is a micro nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $9K |
| Surplus / Deficit | +$1K |
| Total Assets | $23K |
| Total Liabilities | $1 |
| Net Assets | $23K |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 30.9 months |
Financial Health Grade: A
In 2023, Future Fortunes Foundation reported a surplus of $1K with revenue exceeding expenses, holds 30.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Future Fortunes Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3619.6% | +219.3% | +9.8% |
| 2022 | -11.0% | — | -10.8% |
| 2021 | -48.4% | -100.0% | +13.0% |
| 2020 | -90.7% | -69.2% | -8.9% |
| 2019 | +551.8% | +146.5% | -25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Future Fortunes Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Future Fortunes Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Future Fortunes Foundation
Is Future Fortunes Foundation a legitimate charity?
Future Fortunes Foundation (EIN: 264567250) is a registered tax-exempt nonprofit based in Oklahoma. It has 11 years of IRS 990 filings on record. Total revenue: $699. No red flags identified. Financial health grade: A.
How does Future Fortunes Foundation spend its money?
Future Fortunes Foundation reported $699 in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Future Fortunes Foundation tax-deductible?
Future Fortunes Foundation is registered as a tax-exempt nonprofit (EIN: 264567250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Future Fortunes Foundation located?
Future Fortunes Foundation is headquartered in Norman, Oklahoma and files with the IRS under EIN 264567250. It is classified under NTEE code T21.
How many years of IRS 990 filings does Future Fortunes Foundation have?
Future Fortunes Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $699 in total revenue.
Filing History
IRS 990 filing history for Future Fortunes Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Future Fortunes Foundation's revenue has grown by 503.9%, moving from $2K to $10K. Total assets increased by 3788.9% over the same period, from $602 to $23K. Total functional expenses rose by 658%, from $1K to $9K. In its most recent filing year (2023), Future Fortunes Foundation reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $23K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $9K | $23K | $1 | — | — |
| 2022 | $276 | $3K | $21K | $1 | — | — |
| 2021 | $310 | $0 | $24K | $1 | — | — |
| 2020 | $601 | $3K | $21K | $1 | — | — |
| 2019 | $6K | $9K | $23K | $0 | — | View 990 |
| 2016 | $988 | $4K | $31K | $0 | — | — |
| 2015 | $3K | $4K | $33K | $0 | — | View 990 |
| 2014 | $12K | $4K | $35K | $1 | — | View 990 |
| 2013 | $24K | $5K | $26K | $1 | — | View 990 |
| 2012 | $9K | $2K | $9K | $1 | — | View 990 |
| 2011 | $2K | $1K | $602 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $9K, and assets of $23K (revenue +3619.6% year-over-year).
- 2022: Revenue of $276, expenses of $3K, and assets of $21K (revenue -11.0% year-over-year).
- 2021: Revenue of $310, expenses of $0, and assets of $24K (revenue -48.4% year-over-year).
- 2020: Revenue of $601, expenses of $3K, and assets of $21K (revenue -90.7% year-over-year).
- 2019: Revenue of $6K, expenses of $9K, and assets of $23K (revenue +551.8% year-over-year).
- 2016: Revenue of $988, expenses of $4K, and assets of $31K (revenue -64.1% year-over-year).
- 2015: Revenue of $3K, expenses of $4K, and assets of $33K (revenue -77.7% year-over-year).
- 2014: Revenue of $12K, expenses of $4K, and assets of $35K (revenue -48.1% year-over-year).
- 2013: Revenue of $24K, expenses of $5K, and assets of $26K (revenue +151.5% year-over-year).
- 2012: Revenue of $9K, expenses of $2K, and assets of $9K (revenue +455.9% year-over-year).
- 2011: Revenue of $2K, expenses of $1K, and assets of $602.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Future Fortunes Foundation:
Data Sources and Methodology
This transparency report for Future Fortunes Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.