San Diego Futures Foundation
- Assets
- $4.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 22
- Location
- San Diego, CA
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 33-0883460
Organization Overview
San Diego Futures Foundation is located in San Diego, CA. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, San Diego Futures Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Diego Futures Foundation 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 12/2023, San Diego Futures Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, San Diego Futures Foundation has awarded 58 individual grants totaling $1,587,439. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SAN DIEGO FUTURES FOUNDATION IS TO IMPROVE LIVES IN SAN DIEGO COUNTY BY MAKING INFORMATION TECHNOLOGY AVAILABLE TO UNDERSERVED INDIVIDUALS, ORGANIZATIOS AND DISADVANTAGED SMALL BUSINESSES THROUGH TRAINING, EDUCATION, TECHNICAL SERVICES AND EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETAIL OPERATIONS OF RECYCLED COMPUTERS TO LOW INCOME FAMILIES AND CHARITABLE ORGANIZATIONS DONATED FOR THE COST OF REFURBISHING. THE COMMUNITY TECHNOLOGY CENTER PROVIDES TECHNOLOGY INFORMATION AND COMPUTERS FOR THE LOW COST OF REFURBISHING, AS WELL AS REPAIR AND WARRANTY SERVICES TO QUALIFIED COMMUNITY MEMBERS. SALVAGE PROGRAM RECYCLES COMPUTERS AND ELECTRONIC EQUIPMENT IN AN ECO-FRIENDLY MANNER.SINCE INCEPTION, THE ORGANIZATION HAS PROVIDED MORE THAN 62,586 COMPUTERS TO SAN DIEGO CHARITABLE ORGANIZATIONS AND INDIVIDUALS. THESE CONSIST OF DONATED EQUIPMENT THAT HAS BEEN REFURBISHED AND UPDATED.
DIGITAL LITERACY PROGRAMS INCLUDE IN-PERSON AND HYBRID TRAINING AT OUR LOCATION OR AT PARTNER LOCATIONS THROUGHOUT THE COUNTY OF SAN DIEGO, WITH THE INTENTION OF SUPPORTING THOSE WHO NEED HELP CONNECTING TO TECHNOLOGY FROM BASIC TO MORE ADVANCED LEVELS. THIS INCLUDES SENIOR DIGITAL LITERACY, WHICH EMPOWERS SENIORS TO UNLOCK THE FULL POTENTIAL OF TECHNOLOGY, AND ADAPTIVE TECHNOLOGY, WHICH TRAINS INDIVIDUALS WHO ARE BLIND OR NEAR-BLIND TO USE COMPUTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Morningstar Acting Executive Director | OfficerTrustee | 20 | $45,850 |
Serena Blanks President Of The Board | OfficerTrustee | 0.2 | $0 |
Jeff Stoke Vice Chair (support Role) | OfficerTrustee | 0.2 | $0 |
Cathy Varner Vice Chair (support Role) | OfficerTrustee | 0.7 | $0 |
Brent Bowers Director | Trustee | 0.2 | $0 |
Matt Kissinger Secretary | OfficerTrustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,028,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,385 |
| Noncash contributions included in lines 1a–1f | $306,915 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,439,963 |
| Total Program Service Revenue | $1,503,578 |
| Investment income | $35,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,480 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,990,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $435,857 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,673 |
| Compensation of current officers, directors, key employees. | $44,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $934,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,870 |
| Payroll taxes | $90,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,186 |
| Fees for services: Other | $230,926 |
| Advertising and promotion | $9,467 |
| Office expenses | $21,783 |
| Information technology | $66,401 |
| Royalties | $0 |
| Occupancy | $12,943 |
| Travel | $13,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,365 |
| Insurance | $26,230 |
| All other expenses | $0 |
| Total functional expenses | $2,344,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,427 |
| Savings and temporary cash investments | $1,252,984 |
| Pledges and grants receivable | $125,000 |
| Accounts receivable, net | $90,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $603,585 |
| Prepaid expenses and deferred charges | $37,100 |
| Net Land, buildings, and equipment | $1,071,981 |
| Investments—publicly traded securities | $651,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,510,558 |
| Accounts payable and accrued expenses | $72,049 |
| 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 | $1,082,039 |
| Total liabilities | $1,154,088 |
| Net assets without donor restrictions | $3,297,387 |
| Net assets with donor restrictions | $59,083 |
| 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 | $4,510,558 |
Grants Awarded
Over the last fiscal year, San Diego Futures Foundation has awarded $29,515 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHULA VISTA EDUCATION FOUNDATION PURPOSE: PROVIDE COMPUTERS TO EXEMPT ORGANIZATIONS. | $11,000 |
AFCEA PURPOSE: PROVIDE COMPUTERS TO EXEMPT ORGANIZATIONS. | $18,515 |