Overview
What is The Future Fund Endowment Inc?
The Future Fund Endowment Inc is a nonprofit organization based in Louisville, Kentucky, with a focus on raising funds to protect and preserve green spaces in Eastern Jefferson County. Their mission is to acquire land that contributes to the preservation of sensitive, scenic, and historically significant properties. By doing so, they aim to safeguard these unique areas, ensuring they are maintained for future generations to appreciate. The organization's efforts contribute to the conservation of valuable green spaces in the region.
What are the reviews and ratings of this charity?
Charity Navigator has rated The Future Fund Endowment Inc with a score of 79%, earning it a Three-Star out of Four Star rating. This score is based solely on the Accountability & Finance beacon, indicating a strong focus on the charity's financial practices and governance.
The organization demonstrates significant strengths, particularly in its independent board structure, with 66% of board members being independent. It also has no material diversion of assets and possesses well-defined policies for conflict of interest, whistleblowing, and document retention, contributing positively to its accountability measures. Furthermore, the program expense ratio is commendable at 86.68%, indicating that the majority of its expenses are directed towards its programs.
However, the charity received a lower score in the liabilities to assets ratio, with a score of 0 out of 15 points, which suggests potential concerns regarding its financial stability. Overall, while The Future Fund Endowment Inc shows solid governance and program use, potential donors may want to consider the implications of the liabilities in relation to its assets.
This AI summary has been generated from information found on Charity Navigator.
Is The Future Fund Endowment Inc legitimate?
The Future Fund Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Future Fund Endowment Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Future Fund Endowment Inc?
The mission of The Future Fund Endowment Inc involves raising funds to preserve greenspace in sensitive or unusually scenic and historic properties, particularly in Eastern Jefferson County, Kentucky. This organization aims to acquire land to protect these areas from development and maintain their natural beauty for future generations. By doing so, it contributes to the conservation of unique landscapes and the preservation of local history.
Who is the CEO of The Future Fund Endowment Inc?
Stephen L Henry is the President of The Future Fund Endowment Inc.
What is the revenue of The Future Fund Endowment Inc?
The Future Fund Endowment Inc's revenue in 2022 was $326,806.
Who are the executives of The Future Fund Endowment Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Future Fund Endowment Inc?
The Future Fund Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Future Fund Endowment Inc
The Future Fund Endowment Inc, a nonprofit organization, is dedicated to raising funds for a significant cause. Their mission centers around acquiring land that aids in the preservation of greenspace in sensitive or unusually scenic and historic properties in Eastern Jefferson County, Kentucky. By doing so, this organization aims to safeguard these unique and historically important areas, ensuring they remain untouched for future generations to appreciate. Through their efforts, The Future Fund Endowment Inc is making a valuable contribution to the conservation of Kentucky's natural beauty and historical heritage.
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Impact
June, 2024
The Future Fund Endowment Inc's impact lies in its commitment to acquiring land for the preservation of greenspace in sensitive or unusually scenic and historic properties in eastern Jefferson County, Kentucky. By raising funds to safeguard these areas, the organization contributes to the conservation of natural habitats, protection of historical sites, and enhancement of the local environment. Ultimately, The Future Fund Endowment Inc plays a crucial role in maintaining the ecological balance and cultural richness of the region for current and future generations.
This information is meant to be a general summary of The Future Fund Endowment Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$134,304
- Gross Receipts: $566,378
Assets and Liabilities:
- Total Assets: $14,804,673
- Total Liabilities: $11,085,297
- Net Assets: $3,719,376
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Organization Details
Founding Year
2004
Phone
(502) 408-5900Principal Officer
Stephen L Henry
Main Address
1357 BARDSTOWN ROAD, LOUISVILLE, KY, 40204
NTEE Category
Code: C30 - Environment
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