Unlimited Future Incorporated
- Assets
- $311.3k
- Revenue
- $221.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Huntington, WV
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 55-0711154
Organization Overview
Unlimited Future Incorporated is located in Huntington, WV. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Unlimited Future Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unlimited Future Incorporated 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 12/2021, Unlimited Future Incorporated generated $221.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $225.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNLIMITED FUTURE, INC. ACTS AS A CATALYST IN ELIMINATING BARRIERS TO THE CREATION OF SUCCESSFUL BUSINESS OPPORTUNITIES BY ALLOWING RESIDENTS TO REALIZE THEIR GOALS AND POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INCUBATOR SERVICES ALONG WITH EDUCATIONAL AND MENTORING SERVICES TO HELP SMALL BUSINESSES BE SUCCESSFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ursulette Huntley Executive Director | Officer | 40 | $48,000 |
David Lieving President | OfficerTrustee | 1 | $0 |
Breanna Shell Vice-President | OfficerTrustee | 1 | $0 |
Chris Wallace Board Member | Trustee | 1 | $0 |
Bruce Felder Board Member | Trustee | 1 | $0 |
Marilyn Wrenn Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,293 |
| Total Program Service Revenue | $38,400 |
| 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 | $221,775 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $15,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,831 |
| Payroll taxes | $7,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $999 |
| Office expenses | $0 |
| Information technology | $3,266 |
| Royalties | $0 |
| Occupancy | $7,008 |
| Travel | $589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,512 |
| Insurance | $4,360 |
| All other expenses | $11,341 |
| Total functional expenses | $225,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,766 |
| Savings and temporary cash investments | $25,000 |
| Pledges and grants receivable | $17,275 |
| Accounts receivable, net | $3,525 |
| 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 | $222,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $473 |
| Total assets | $311,258 |
| Accounts payable and accrued expenses | $29,791 |
| 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 | $25,455 |
| Other liabilities | $18,003 |
| Total liabilities | $73,249 |
| Net assets without donor restrictions | $238,009 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $311,258 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Unlimited Future Incorporated has recieved totaling $533,780.
| Awarding Organization | Amount |
|---|---|
Coalfield Development Corporation Wayne, WV PURPOSE: SUBAWARD FOR COMMUNITIES THRIVE | $250,000 |
Coalfield Development Corporation Wayne, WV PURPOSE: SUBAWARD FOR COMMUNITIES THRIVE | $250,000 |
Appalachian Sustainable Development Bristol, VA | | $33,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |