Foresight Design Initiative Inc
- Assets
- $142.3k
- Revenue
- $333.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2003
- Data as of
- 06/2022
- EIN
- 72-1559528
Organization Overview
Foresight Design Initiative Inc is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foresight Design Initiative 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 06/2022, Foresight Design Initiative Inc generated $333.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $244.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 4 years. 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
FORESIGHT BUILDS THE CAPACITY OF LEADERS, ORGANIZATION, COLLABORATIVES AND OTHER CHANGE AGENTS TO ACCELERATE PROGRESS TOWARD GREATER ECOLOIGVAL BALANCE, ECONOMIC VITALITY, AND SOCIAL EQUITY AND JUSTICE. THE ORGANIZATION ACCOMPLISHES THIS BY FACILITATING PEER-BASED LEARNINGS; OFFERING ANALYSIS OF, INSIGHT INTO, AND STRATEGY FOR ADDRESSING COMPLEX ISSUES SUCH AS FOOD AND AGRICULTURE SYSTEMS; AND PROVIDING INNOVATION, COMMUNICATIONS AND ADMINISTRATIVE CAPACITY TO ORGANIZATIONS ALIGNED WITH AND PURSUING PROJECTS RELATED TO THE AFOREMENTIONED PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORESIGHT BUILDS THE CAPACITY OF LEADERS, ORGANIZATION, COLLABORATIVES AND OTHER CHANGE AGENTS TO ACCELERATE PROGRESS TOWARD GREATER ECOLOGICAL BALANCE, ECONOMIC VITALITY, AND SOCIAL EQUITY AND JUSTICE. THE ORGANIZATION ACCOMPLISHES THIS BY FACILITATING PEER-BASED LEARNING; OFFERING ANALYSIS OF, INSIGHT INTO, AND STRATEGY FOR ADDRESSING COMPLEX ISSUES SUCH AS FOOD AND AGRICULTURE SYSTEMS; AND PROVIDING INNOVATION, COMMUNICATIONS AND ADMINISTRATIVE CAPACITY TO ORGANIZATIONS ALIGNED WITH AND PURSUING PROJECTS RELATED TO THE AFOREMENTIONED PRINCIPLES.
FORESIGHT PREP LEADERSHIP INSTITUTE PROVIDES 10-20 HIGH SCHOOL STUDENTS WHO ARE PASSIONATE ABOUT SOCIAL JUSTICE, CLIMATE CHANGE AND SUSTAINABILITY TO DEVELOP AS TRANSFORMATIVE LEADERS. THIS EDUCATIONAL PROGRAM OFFERS EXPERIMENTAL LEARNING THAT EMPOWERS STUDENTS AND INVOLVES INTERVIEWING ESTABLISHED LEADERS; ENGAGING IN LECTURES, READINGS AND DISCUSSIONS; AND SYNTHESIZING FINDINGS INTO THE CREATION OF TRANSFORMATIVE PROJECTS PRESENTED TO THEIR PEERS AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Aldaco Director | Trustee | $0 | |
Dr Sarita Bhakuni Director | Trustee | $0 | |
Lindsay James Director | OfficerTrustee | $0 | |
Dave Leopold Treasurer | OfficerTrustee | $0 | |
Peter Nicholson Executive Di | Trustee | $0 | |
Susanne Schnell Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,323 |
| Total Program Service Revenue | $243,160 |
| Investment income | $136 |
| 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 | $333,602 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,123 |
| Payroll taxes | $14,200 |
| 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 | $0 |
| Fees for services: Other | $3,006 |
| Advertising and promotion | $0 |
| Office expenses | $4,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,706 |
| Travel | $2,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75 |
| Insurance | $2,118 |
| All other expenses | $0 |
| Total functional expenses | $244,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,294 |
| 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 | $2,777 |
| Net Land, buildings, and equipment | $3,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,317 |
| Accounts payable and accrued expenses | $13,088 |
| 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 | $29,000 |
| Other liabilities | $0 |
| Total liabilities | $42,088 |
| Net assets without donor restrictions | $100,229 |
| 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 | $142,317 |