Securefutures Foundation Inc
- Assets
- $2.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Milwaukee, WI
- Founding
- 06/2007
- Data as of
- 06/2023
- EIN
- 20-5203533
Organization Overview
Securefutures Foundation Inc is located in Milwaukee, WI. The organization was established in 2007. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 06/2023, Securefutures Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Securefutures Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Securefutures Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 13.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL LITERACY PROGRAMS AND RESOURCES TO EMPOWER STUDENTS TO MAKE SOUND FINANCIAL DECISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONEY SENSE: THIS FLEXIBLE PROGRAM, AVAILABLE IN IN-PERSON AND VIRTUAL FORMATS, INTRODUCES TEENS TO FINANCIAL BASICS LIKE BANKING, CREATING A SAVINGS PLAN, MANAGING A BUDGET, AND MAINTAINING HEALTHY CREDIT. TYPICALLY TAUGHT IN THREE 90-MINUTE LESSONS, THE PROGRAM'S CONTENT CAN BE PRESENTED BY TRAINED VOLUNTEERS OR DIRECTLY BY THE EDUCATOR. IN ADDITION TO THE LESSON-BASED PROGRAM, WE OFFER MONEY SENSE ON DEMAND, AN EXTENSIVE LIBRARY OF STUDENT-DIRECTED ONLINE LEARNING MODULES ON AN ARRAY OF PERSONAL FINANCE TOPICS.
MONEY PATH: THIS INNOVATIVE PROGRAM ALLOWS TEENS TO EXPLORE HOW THEIR DECISIONS ABOUT COLLEGE, CAREER, BUDGETING, AND SAVING WILL IMPACT LONG-TERM GOALS AND LIFELONG FINANCIAL SUCCESS. MONEY PATH GIVES TEENS THE OPPORTUNITY TO BUILD A PERSONALIZED PLAN AND CHART A COURSE TOWARDS A FINANCIALLY EMPOWERED FUTURE.
MONEY COACH: THIS PROGRAM FOCUSES ON TEENS FROM UNDER-RESOURCED COMMUNITIES AND EMPOWERS THEM THROUGH ONE-ON-ONE AND SMALL GROUP MENTORSHIP TO BUILD STRONG MONEY MANAGEMENT HABITS FOR LONG-TERM FINANCIAL CAPABILITY. THIS MULTI-WEEK EXTENSIVE PROGRAM MATCHES TEENS WITH VOLUNTEER COACHES WHO PROVIDE GUIDANCE, ACCOUNTABILITY, AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Cain Chair | OfficerTrustee | 1 | $0 |
Wayne Breitbarth Treasurer | OfficerTrustee | 1 | $0 |
Jackie Darr Vice Chair | OfficerTrustee | 1 | $0 |
Andrea Cataldo Director | Trustee | 1 | $0 |
Maximilian Mann Secretary | OfficerTrustee | 1 | $0 |
Sandra Dunst Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $337,443 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,560,473 |
| Noncash contributions included in lines 1a–1f | $48,823 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,897,916 |
| Total Program Service Revenue | $2,412 |
| Investment income | $14,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,937,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $150,655 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,460 |
| Compensation of current officers, directors, key employees. | $36,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $690,991 |
| Pension plan accruals and contributions | $18,315 |
| Other employee benefits | $32,839 |
| Payroll taxes | $64,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,749 |
| Fees for services: Accounting | $9,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,612 |
| Advertising and promotion | $34,044 |
| Office expenses | $63,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,674 |
| Travel | $6,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,840 |
| Insurance | $10,689 |
| All other expenses | $0 |
| Total functional expenses | $1,630,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,961 |
| Savings and temporary cash investments | $1,336,037 |
| Pledges and grants receivable | $169,200 |
| Accounts receivable, net | $25,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,617 |
| Net Land, buildings, and equipment | $133,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $388,019 |
| Other assets | $300,458 |
| Total assets | $2,419,205 |
| Accounts payable and accrued expenses | $76,720 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $378,549 |
| Total liabilities | $455,269 |
| Net assets without donor restrictions | $1,794,736 |
| Net assets with donor restrictions | $169,200 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,419,205 |