Futuresnw
- Assets
- $117.4k
- Revenue
- $246.5k
- Investments
- $0.0
- Employees
- 13
- Location
- Belingham, WA
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 27-2997677
Organization Overview
Futuresnw is located in Belingham, WA. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Futuresnw employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Futuresnw 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 12/2022, Futuresnw generated $246.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $200.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO LEVEL THE SOCIO-ECONOMIC PLAYING FIELD AND EMPOWER STUDENTS FROM UNDER-SERVED COMMUNITIES TO ACHIEVE THEIR CAREER AND COLLEGE DREAMS. WE WORK TO ERADICATE THE ADVERSE LIFE CONSEQUENCES OF POVERTY BY USING EDUCATION AND PROFESSIONAL TRAINING AS A MEANS TO SECURE LIVING-WAGE CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUTURESNW PARTNERS WITH LOCAL SCHOOLS AND ORGANIZATIONS TO HOST FINANCIAL LITERACY EVENTS IN WHICH FINANCIAL AID EXPERTS AND ADMISSIONS STAFF FROM LOCAL HIGHER EDUCATION INSTITUTIONS PROVIDE PERSONALIZED SUPPORT FOR STUDENTS AND FAMILIES COMPLETING THE FAFSA OR WASFA. THIS IS CONSIDERED MENTORING AND PATHWAY NAVIGATION WORK. OUR COACHES WORK WITH LOW-INCOME, FIRST-GENERATION SECONDARY STUDENTS TO ENCOURAGE THEM TO PLAN FOR SUCCESS AFTER HIGH SCHOOL GRADUATION.
REMAINING PROGRAMS: DVR, FIRST-GEN NAVIGATORS, FROM ONE TO MANY, WEBSITE RESOURCES PLATFORM
QUICKSTART TO COLLEGE IS A FREE SUMMER CAMP PROGRAM TO UPLIFT AND ENCOURAGE HIGH SCHOOL SENIORS AS THEY PREPARE FOR COLLEGE SELECTION, APPLICATIONS, SCHOLARSHIPS, AND FINANCIAL AID PROCESSES. STUDENTS ENJOY 4 DAYS AND 3 NIGHTS AT WWU AND VISITS FROM OUR FRIENDS AT BTC, NWIC, SVC, AND WCC TO HELP THEM LEARN MORE ABOUT THE VARIOUS TYPES OF COLLEGES AVAILABLE. BY ATTENDING QUICKSTART, OUR MENTORS AND LOCAL COLLEGE STAFF MEMBERS WILL HELP STUDENTS GET PREPARED FOR MILESTONES THROUGHOUT THEIR SENIOR YEAR, SO THEY CAN CONFIDENTLY STEP INTO THE PATH THAT LIES BEYOND IT.
LEARNING WITH LEADERS IS AN EVENT SERIES THAT CONNECTS STUDENTS WITH IN-DEMAND CAREER PATHWAYS BY PROVIDING EXPLORATION THAT FOCUSES ON KINESTHETIC LEARNING EXPERIENCES. STUDENTS GET REAL-TIME, TACTILE TRAINING, SUCH AS THE CHANCE TO OPERATE HEAVY EQUIPMENT UNDER THE GUIDANCE OF EXPERTS, TAKE PART IN VIRTUAL SIMULATIONS, AND ENGAGE THEIR POTENTIAL THROUGH TOUCH AND MOVEMENT. EVERY EVENT INCLUDES CAREER WORKSHOPS FEATURING DIFFERENT TRADES WITHIN THE ADVANCED MANUFACTURING/CONSTRUCTION, HEALTHCARE, AND INFORMATION TECHNOLOGY FIELDS, AS WELL AS SUPPORT SERVICES WORKSHOPS SUCH AS FINANCIAL AID HELP, COLLEGE SPEED-DATING, AND RESUME-BUILDING. STUDENTS WILL LEAVE EVENTS WITH A BETTER UNDERSTANDING OF DIFFERENT CAREER PATHWAY OPPORTUNITIES AND HOW THEY CAN GET THERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Delatour Programs Manager | Officer | 35 | $49,563 |
Megan Wingo Operations Manager | Officer | 35 | $49,563 |
John Korsmo Board President | OfficerTrustee | 2 | $0 |
Joe Wooding Board Treasurer | OfficerTrustee | 2 | $0 |
Freddy Collins Board Member | Trustee | 0 | $0 |
Wing Fok Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,237 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,126 |
| Compensation of current officers, directors, key employees. | $33,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,246 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,465 |
| Information technology | $4,678 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,800 |
| All other expenses | $35,611 |
| Total functional expenses | $200,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,744 |
| Savings and temporary cash investments | $33,687 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,431 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $117,431 |
| Total liabilities and net assets/fund balances | $117,431 |