Nonprofit · EIN 31-1482889
PARTNERSHIP FOR THE FUTURE INC
Tax-exempt · GLEN ALLEN, VA 23060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,789,290 | $1,792,965 | -$3,675 | $1,766,995 | $232,043 | $1,534,952 |
| December 31, 2023 | 990 | $1,569,808 | $1,715,453 | -$145,645 | $1,469,490 | $38,518 | $1,430,972 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,732,322
- Program service revenue
- $0
- Investment income
- $53,529
- Net gain from sales of assets
- $53,290
- Other revenue
- $3,439
Expenses
- Grants and similar amounts paid
- $212,009
- Other salaries and wages
- $770,018
- Salaries, compensation and benefits (total)
- $862,487
- Professional fundraising fees
- $0
- Accounting fees
- $18,500
- Occupancy
- $49,516
- Depreciation
- $5,716
- Program services (functional)
- $1,253,030
- Management and general (functional)
- $309,448
- Fundraising (functional)
- $230,487
Balance sheet and other
- Total assets, start of year
- $1,469,490
- Total assets, end of year
- $1,766,995
- Total liabilities, end of year
- $232,043
- Net assets, end of year
- $1,534,952
- Land, buildings and equipment
- $37,044
- Net assets without donor restrictions
- $636,376
- Net assets with donor restrictions
- $898,576
- Gross receipts
- $1,789,290
- Employees
- 71
- Volunteers
- 285
- Year formed
- 1996
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DIONNE W HENDERSON | PRESIDENT & CEO Officer | 45 | $155,572 |
| MICHAEL BRACE | DIRECTOR Trustee or director | 2 | $0 |
| JENNIFER CULHANE | DIRECTOR Trustee or director | 2 | $0 |
| LEONDA JIGGETTS | DIRECTOR Trustee or director | 2 | $0 |
| DERRICK JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| AUGUSTUS JOHNSON IV | DIRECTOR Trustee or director | 2 | $0 |
| SETH KOCH | DIRECTOR Trustee or director | 2 | $0 |
| FRANK F MOUNTCASTLE III | DIRECTOR Trustee or director | 2 | $0 |
| TRAVIS PEARSON | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL PINA | DIRECTOR Trustee or director | 2 | $0 |
| JIM PROFERES | DIRECTOR Trustee or director | 2 | $0 |
| FRAN RANDALL | DIRECTOR Trustee or director | 2 | $0 |
| JOI DEAN | CHAIRWOMAN Trustee or director, Officer | 2 | $0 |
| FRANK CHIP MILLER | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| JAVONA BRAXTON | SECRETARY Trustee or director, Officer | 2 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM WIRTHMAN | TREASURER Trustee or director, Officer | 2 | $0 |
| BRIAN RONNAU | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DIONNE W HENDERSON | PRESIDENT & CEO Officer | 45 | $146,769 |
| MICHAEL BRACE | DIRECTOR Trustee or director | 2 | $0 |
| FRANK MOUNTCASTLE | DIRECTOR Trustee or director | 2 | $0 |
| JIM PROFERES | DIRECTOR Trustee or director | 2 | $0 |
| FRAN RANDALL | DIRECTOR Trustee or director | 2 | $0 |
| DAVID WALKER | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM WIRTHMAN | DIRECTOR Trustee or director | 2 | $0 |
| AUSTIN WELDER | IMMEDIATE PAST CHAIR Trustee or director | 2 | $0 |
| JOI DEAN | CHAIRWOMAN Trustee or director, Officer | 2 | $0 |
| JAVONA BRAXTON | SECRETARY Trustee or director, Officer | 2 | $0 |
| BRIAN ROUNNAU | TREASURER Trustee or director, Officer | 2 | $0 |
| LEONDA JIGGETTS | DIRECTOR Trustee or director | 2 | $0 |
| DERRICK JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| APRIL JONES | DIRECTOR Trustee or director | 2 | $0 |
| FRANK CHIP MILLER | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL PENA | DIRECTOR Trustee or director | 2 | $0 |
| TRAVIS PEARSON | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 COX RD STE 375, GLEN ALLEN, VA 23060-6708
- In care of
- % JIMMY MEADOR
- Principal officer (990 for 2024)
- DIONNE W HENDERSON, 4521 HIGHWOODS PARKWAY, GLEN ALLEN, VA 23060
- Signed the 990
- DIONNE W HENDERSON, PRESIDENT & CEO
- Phone
- (804) 965-1769
- Return prepared by
- KEITER STEPHENS HURST GARY & SHREAVES
Mission
PARTNERSHIP FOR THE FUTURE EQUIPS HIGH ACHIEVING HIGH SCHOOL STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND.
Program accomplishments
- PROGRAMMING: PARTNERSHIP FOR THE FUTURE (PFF) IS DEDICATED TO HELPING LOW TO MODERATE-INCOME STUDENTS, MOST OF WHOM ARE FIRST GENERATION COLLEGE STUDENTS, BRIDGE THE ACADEMIC, FINANCIAL, AND CULTURAL GAPS THAT ARE KNOW ROADBLOCKS TO ATTENDING AND SUCCESSFULLY COMPLETING COLLEGE AND AS PROFESSIONALS. FOR 2024, 486 STUDENTS FROM LOCAL HIGH SCHOOLS WERE ENROLLED IN THE PFF PROGRAM. LOCAL BUSINESSES PARTNER WITH PFF TO PROVIDE PAID INTERNSHIPS FOR PARTICIPANTS TO ENHANCE THEIR PROFESSIONAL DEVELOPMENT AND FUTURE EMPLOYABILITY. PFF PROVIDES YEAR-ROUND WORKFORCE DEVELOPMENT TRAINING TO PREPARE OUR STUDENTS FOR THEIR SUMMER INTERNSHIP EXPERIENCE. STUDENTS ARE PLACED IN PFF'S INTERNAL CAREER IMMERSION PROGRAM OR AN EXTERNAL INTERNSHIP PLACEMENT MONDAY-THURSDAY AND RECEIVE PERSONAL DEVELOPMENT, FINANCIAL LITERACY, OR CAREER READINESS TRAINING OR ATTEND COLLEGE TOURS ON FRIDAYS.Expenses $456,481 · grants $212,009
- COLLEGE READINESS, ACADEMIC EXCELLENCE, WORKFORCE DEVELOPMENT, PERSONAL DEVELOPMENT, FINANCIAL LITERACY, AND CULTURAL CAPITAL CONTINUE TO BE THE PRIMARY FOCUS OF OUR YEAR-ROUND PROGRAM. IN ADDITION TO MONTHLY 1:1 MENTORSHIP FROM PFF STAFF AND VOLUNTEERS, OUR HIGH SCHOOL STUDENTS PARTICIPATE IN THREE CULTURAL CAPITAL SESSIONS. WE NURTURE OUR STUDENTS WITH NEW EXPERIENCES, NEW RELATIONSHIPS, AND NEW EDUCATIONAL OPPORTUNITIES DESIGNED TO HELP THEM SUCCEED. OUR PROGRAM IS DESIGNED TO GIVE OUR APPLICANTS A COMPETITIVE EDGE IN THE COLLEGE ADMISSIONS PROCESS AND ENSURE THEY ARE PREPARED TO SUCCESSFULLY COMPLETE COLLEGE AND FOR THE WORKFORCE POST-GRADUATION.Expenses $637,408
- COLLEGE TOURS & FAIRS: PARTICIPANTS ARE EXPOSED TO A VARIETY OF COLLEGES VIA COLLEGE TOURS AND FAIRS. THESE TOURS (BOTH DAY TRIPS & OVERNIGHTS) ALLOW THE STUDENT TO VISIT SOME OF THE BEST SCHOOLS IN VIRGINIA, NORTH CAROLINA, AND MARYLAND.Expenses $159,141
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1482889
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20I)
- Assets (IRS master file)
- $1,766,995
- Income (IRS master file)
- $1,789,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,789,290 | $1,792,965 | $1,766,995 | IRS |
| 990 | December 2023 | $1,569,808 | $1,715,453 | $1,469,490 | XML |
| 990 | December 2022 | $1,199,588 | $1,560,083 | $1,622,212 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1482889).
Questions about PARTNERSHIP FOR THE FUTURE INC
- What is the EIN of PARTNERSHIP FOR THE FUTURE INC?
- The employer identification number (EIN) of PARTNERSHIP FOR THE FUTURE INC is 31-1482889.
- Is PARTNERSHIP FOR THE FUTURE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to PARTNERSHIP FOR THE FUTURE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARTNERSHIP FOR THE FUTURE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PARTNERSHIP FOR THE FUTURE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARTNERSHIP FOR THE FUTURE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PARTNERSHIP FOR THE FUTURE INC?
- The 990 for the year ended December 31, 2024 names DIONNE W HENDERSON.
- Who are the officers and directors of PARTNERSHIP FOR THE FUTURE INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $155,572 (DIONNE W HENDERSON, PRESIDENT & CEO).
- How much revenue does PARTNERSHIP FOR THE FUTURE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,789,290, expenses of $1,792,965 and total assets of $1,766,995 at year end.
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