Seize The Future Development Foundation
- Assets
- $2.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Aurora, IL
- Founding
- 10/2007
- Data as of
- 06/2021
- EIN
- 36-4573388
Organization Overview
Seize The Future Development Foundation is located in Aurora, IL. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Seize The Future Development Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seize The Future Development 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 06/2021, Seize The Future Development Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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.
Since 2019, Seize The Future Development Foundation has awarded 36 individual grants totaling $1,394,607. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MOTIVATE AND FACILITATE THE REVITALIZATION AND DEVELOPMENT OF AURORA AND ITS DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED TO THE ECONOMIC AND WORKFORCE DEVELOPMENT OF THE CITY OF AURORA.
ASSISTANCE TO LOCAL ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Gay President/ce | Officer | 40 | $144,208 |
Donald Pilmer Chairman | OfficerTrustee | 4 | $0 |
Melinda Kruder Secretary/tr | OfficerTrustee | 4 | $0 |
Nelson Santos Vice Chairma | OfficerTrustee | 4 | $0 |
Brian Dahl Director | Trustee | 4 | $0 |
Charles Doss Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,371,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,442,979 |
| Total Program Service Revenue | $29,000 |
| Investment income | $20,842 |
| 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 | $1,506,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,640 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,803 |
| Payroll taxes | $34,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,689 |
| Fees for services: Accounting | $28,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,513 |
| Office expenses | $38,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,022 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001 |
| Insurance | $47,430 |
| All other expenses | $0 |
| Total functional expenses | $1,053,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,045,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,118,217 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,231 |
| Net Land, buildings, and equipment | $3,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $606,725 |
| Total assets | $2,783,918 |
| Accounts payable and accrued expenses | $27,465 |
| 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 | $149,703 |
| Other liabilities | $0 |
| Total liabilities | $177,168 |
| Net assets without donor restrictions | $1,906,784 |
| Net assets with donor restrictions | $699,966 |
| 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 | $2,783,918 |
Grants Awarded
Over the last fiscal year, Seize The Future Development Foundation has awarded $180,640 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TAVERN ON BROADWAY PURPOSE: BUILDING RENOVATION | $49,048 |
112 AURORA LLC PURPOSE: BUILDING RENOVATION | $39,586 |
RAMSU PROPERTIES LLC PURPOSE: INTERIOR RENOVATION | $36,885 |
BILLRAM PROPERTIES PURPOSE: INTERIOR RENOVATION | $25,000 |
M5 HOLDINGS LLC PURPOSE: INTERIOR RENOVATION | $15,771 |
SERVICE PLUS MECHANICAL INC PURPOSE: PANDEMIC RELIEF | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Seize The Future Development Foundation has recieved totaling $507,500.
| Awarding Organization | Amount |
|---|---|
Dunham Fund Aurora, IL PURPOSE: COMMUNITY DEVELOPMENT | $500,000 |
Community Foundation Of The Fox River Valley Aurora, IL PURPOSE: BENEFIT GREATER AURORA AREA, TRI-CITIES AND KENDAL KENDALL COUNTY, IL | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |