Institute For The Future
- Assets
- $9.2m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 45
- Location
- Palo Alto, CA
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 95-2540449
Organization Overview
Institute For The Future is located in Palo Alto, CA. The organization was established in 1996. 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 12/2021, Institute For The Future employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For The Future 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, Institute For The Future generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $11.2m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUTURE FORECASTING TO ORGANIZATIONS WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH INITIATIVES, SPEECHES, WORKSHOPS AND LABS - FOR OVER 50 YEARS, IFTF HAS CONDUCTED INDEPENDENT FUTURES RESEARCH, DESIGNED TO CREATE FORESIGHT THEN LEADS TO INSIGHT AND ULTIMATELY TO FUTURE-SMART ACTION. THIS WORK IS ORGANIZED ACROSS A CORE SET OF RESEARCH AGENDAS AND INTERCONNECTED LABS THAT, TOGETHER, BUILD BROAD SCANS OF THE FUTURE LANDSCAPE AND LEAD DEEP DIVES INTO URGENT FUTURES.
VANTAGE - FOR NEARLY FOUR DECADES, THE VANTAGE PROGRAM HAS BEEN A LEADING SOURCE OF FORESIGHT FOR A VANGUARD OF BUSINESS, GOVERNMENT AND NONPROFITS. IT'S A PLATFORM FOR SENSING TODAY'S LATENT SIGNALS, TRACKING THEIR INTERSECTIONS TO UNDERSTAND THE ECOSYSTEM OF CHOICES, AND DESIGNING PLATFORMS FOR FUTURE RESILIENCE. THIS IS AN ANNUAL MEMBERSHIP PROGRAM THAT, ALONG WITH ALL OTHER CORE FOUNDATIONAL MULTICLIENT PROJECTS, PROVIDES THE BUILDING BLOCKS FOR INITIATIVES THAT FURTHER OUR MISSION IN LEADING THE EFFORTS ON LONG-TERM THINKING, WHILE SUPPORTING ONGOING PUBLIC AND PRIVATE SECTOR SPECIAL PROJECTS THAT PUSHES ARE RESEARCH INTO NEW AREAS OF STUDY. THE VANTAGE PROGRAM SERVED OVER 40 MEMBERS, HOSTED IT'S ANNUAL CONFERENCE (ITS FIRST-EVER IN A FULLY VIRTUAL FORMAT) AND PROVIDED A DIVERSE ARRAY OF DELIVERABLES TO SPONSORS.
FORESIGHT ESSENTIALS - FORESIGHT ESSENTIALS IS BUILT ON A NEARLY 50 YEAR FOUNDATION OF FUTURES WORK FOR CORPORATIONS, GOVERNMENTS, NOT-FOR-PROFIT, AND CIVIC ORGANIZATIONS. THIS OFFERING IS A NUTS-AND-BOLTS IMMERSION IN FUTURES METHODOLOGIES AND TOOLS. IT IS DESIGNED TO HELP INDIVIDUALS AND ORGANIZATIONS GROW THEIR SKILLS IN THE ART AND SCIENCE OF FORESIGHT-AND TO JOIN A VIBRANT NETWORK OF PRACTITIONERS WHO CAN ADVANCE FUTURES THINKING IN ALL KINDS OF ORGANIZATIONS AND COMMUNITIES AROUND THE GLOBE.
FOUNDATION GRANT FUNDING FROM LIKE-MINDED FOUNDATIONS WHO SUPPORT OUR RESEARCH AND EDUCATIONAL MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marina Gorbis Executive Director | OfficerTrustee | 40 | $300,319 |
Robert Johansen Distinguished Fellow | 40 | $255,337 | |
Rodrigo Falcon Research Director | Officer | 40 | $224,029 |
Jean Hagan Executive Producer | OfficerTrustee | 40 | $221,916 |
Michael Ness Director Of Sales | 40 | $219,167 | |
John Clamme Director Of Strategic Growth | Officer | 40 | $211,877 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Durable Good Marketing | 12/30/19 | $246,020 |
Two Kids With A Camera Video Production Support | 12/30/19 | $103,000 |
Anthony Weeks Graphic Recording Support | 12/30/19 | $101,250 |
Anthony Weeks Graphic Recording Support | 12/30/19 | $101,250 |
Durable Good Marketing | 12/30/19 | $246,020 |
Two Kids With A Camera Video Production Support | 12/30/19 | $103,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,249,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,300,010 |
| Total Program Service Revenue | $11,935,331 |
| Investment income | $1,695 |
| 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 | $14,239,917 |
| 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. | $1,791,525 |
| Compensation of current officers, directors, key employees. | $340,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,742,823 |
| Pension plan accruals and contributions | $385,685 |
| Other employee benefits | $485,606 |
| Payroll taxes | $422,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,468 |
| Fees for services: Accounting | $144,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,486,999 |
| Advertising and promotion | $51,828 |
| Office expenses | $135,051 |
| Information technology | $147,219 |
| Royalties | $0 |
| Occupancy | $1,072,177 |
| Travel | $13,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,428 |
| Interest | $889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,528 |
| Insurance | $34,737 |
| All other expenses | $0 |
| Total functional expenses | $11,218,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,709,415 |
| Savings and temporary cash investments | $446,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,764,830 |
| 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 | $707,184 |
| Net Land, buildings, and equipment | $404,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,854 |
| Total assets | $9,175,990 |
| Accounts payable and accrued expenses | $2,684,181 |
| Grants payable | $0 |
| Deferred revenue | $2,827,658 |
| 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 | $218,208 |
| Total liabilities | $5,730,047 |
| Net assets without donor restrictions | $1,652,772 |
| Net assets with donor restrictions | $1,793,171 |
| 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 | $9,175,990 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Institute For The Future has recieved totaling $1,750,094.
| Awarding Organization | Amount |
|---|---|
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT EQUITABLE ENTERPRISE IN CA | $500,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78771 EXPLORING EQUITABLE ENTERPRISES TO PROMOTE O | $250,000 |
Ford Foundation New York, NY PURPOSE: TO DEVELOP EQUITABLE ENTERPRISE STRATEGIES AND POLICIES AS A PATHWAY TO FOSTERING GREATER ECONOMIC SECURITY AMONG WORKERS IN LOW-WAGE WORK. | $250,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO PERFORM ETHNOGRAPHIC RESEARCH OF YOUNG PEOPLE AROUND THE WORLD AROUND ATTITUDES TOWARDS WORK AND THE CHANGING ECONOMY AND RESEARCH OF POTENTIAL STRATEGIES AND SOLUTIONS TO HELP WORKERS SUCCEED IN A RAPIDLY CHANGING ECONOMY. | $250,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO PERFORM ETHNOGRAPHIC RESEARCH OF YOUNG PEOPLE AROUND THE WORLD AROUND ATTITUDES TOWARDS WORK AND THE CHANGING ECONOMY AND RESEARCH OF POTENTIAL STRATEGIES AND SOLUTIONS TO HELP WORKERS SUCCEED IN A RAPIDLY CHANGING ECONOMY. | $250,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78771 EXPLORING EQUITABLE ENTERPRISES TO PROMOTE O | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |
Innovative Education Management Inc Placerville, CA | $19,923,777 | $24,530,780 |
Honolulu Community Action Program Honolulu, HI | $11,226,920 | $21,057,375 |
The Duffield Family Foundation Pleasanton, CA | $258,368,317 | $20,065,038 |
American Indian Model Schools Oakland, CA | $18,645,472 | $19,971,757 |
Partnership For Los Angeles Schools Los Angeles, CA | $63,718,377 | $31,128,437 |
Hamburger Home Los Angeles, CA | $14,127,988 | $18,500,267 |