Future Foundation
EIN: 264471245 · Rapid City, SD · NTEE: S41
| Metric | Value |
|---|---|
| Total Expenses | $419K |
| Net Assets | $3K |
Is Future 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 Foundation
Future Foundation (EIN: 264471245) is a nonprofit organization based in Rapid City, SD, classified under NTEE code S41. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Future Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Future Foundation is a micro nonprofit that has been operating for 15 years, with 2 years of IRS 990 filings on record (2011–2012). Revenue has grown at a compound annual rate of -89.8%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $419K |
| Surplus / Deficit | $-404,490 |
| Total Assets | $3K |
| Total Liabilities | $500 |
| Net Assets | $3K |
| Operating Margin | -2813.3% |
| Debt-to-Asset Ratio | 15.1% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2012, Future Foundation reported a deficit of $404K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 15.1% (very low leverage).
Financial Trends
Over 2 years of filings (2011–2012), Future Foundation's revenue has declined at a compound annual growth rate (CAGR) of -89.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2012 | -89.8% | +82.7% | -99.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Future 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 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 (2012)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $404K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.1%.
Frequently Asked Questions about Future Foundation
Is Future Foundation a legitimate charity?
Future Foundation (EIN: 264471245) is a registered tax-exempt nonprofit based in South Dakota. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Future Foundation spend its money?
Future Foundation reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Future Foundation tax-deductible?
Future Foundation is registered as a tax-exempt nonprofit (EIN: 264471245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Future Foundation located?
Future Foundation is headquartered in Rapid City, South Dakota and files with the IRS under EIN 264471245. It is classified under NTEE code S41.
How many years of IRS 990 filings does Future Foundation have?
Future Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Future Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2012), Future Foundation's revenue has declined by 89.8%, moving from $141K to $14K. Total assets decreased by 99.2% over the same period, from $408K to $3K. Total functional expenses rose by 82.7%, from $229K to $419K. In its most recent filing year (2012), Future Foundation reported a deficit of $404K, with expenses exceeding revenue. The organization holds $500 in liabilities against $3K in assets (debt-to-asset ratio: 15.1%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $14K | $419K | $3K | $500 | — | View 990 |
| 2011 | $141K | $229K | $408K | $609 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Future Foundation:
Data Sources and Methodology
This transparency report for Future 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.