Nonprofit · EIN 85-3315120
FUTURE INITIATIVE INC
Tax-exempt (reinstated) · W LAFAYETTE, IN 47906
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990-PF | $2,235 | $3,255 | -$1,020 | $49,889 | $9,058 | $40,833 |
| September 30, 2023 | 990-PF | $911 | $7,000 | -$6,089 | $50,911 | $7,058 | $43,853 |
Financial details: 990-PF for the year ended September 30, 2024
Revenue
- Dividends
- $1,679
- Net gain from sales of assets
- $556
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $3,000
- Excise tax on investment income
- $28
Balance sheet and other
- Total assets, start of year
- $50,911
- Total assets, end of year
- $49,889
- Total liabilities, end of year
- $9,058
- Net assets, end of year
- $40,833
- Fair market value of assets
- $62,138
- Qualifying distributions
- $3,000
- Net investment income
- $2,235
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-PF for the year ended September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH DU 3211 Humboldt St, Lansing, MI 48906 | President | 2 | $0 |
| QIN YANG 3211 Humboldt St, West Lafayette, IN 47906 | CFO | 2 | $0 |
990-PF for the year ended September 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH DU 3211 Humboldt St, Lansing, MI 48906 | President | 2 | $0 |
| QIN YANG 3211 Humboldt St, West Lafayette, IN 47906 | CFO | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3211 HUMBOLDT ST, W LAFAYETTE, IN 47906-7224
- In care of
- % SARAH DU
- Signed the 990-PF
- SARAH DU, Incorporator
- Phone
- (609) 933-3678
- Return prepared by
- Entholpy EMC Inc
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | Not on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990-PF on file |
IRS record
- EIN
- 85-3315120
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2024
- Accounting year ends
- September
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $49,889
- Income (IRS master file)
- $51,229
Revocation and reinstatement
- Exemption revoked
- March 15, 2023
- Posted by the IRS
- June 12, 2023
- Reinstated
- Effective March 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2024 | $2,235 | $3,255 | $49,889 | XML |
| 990-PF | September 2023 | $911 | $7,000 | $50,911 | XML |
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 85-3315120).
Questions about FUTURE INITIATIVE INC
- What is the EIN of FUTURE INITIATIVE INC?
- The employer identification number (EIN) of FUTURE INITIATIVE INC is 85-3315120.
- Is FUTURE INITIATIVE INC tax-exempt?
- Yes. The IRS revoked its exemption on March 15, 2023 and reinstated it effective March 15, 2023.
- Are donations to FUTURE INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FUTURE INITIATIVE INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FUTURE INITIATIVE INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUTURE INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2024.
- Who are the officers and directors of FUTURE INITIATIVE INC?
- The 990-PF for the year ended September 30, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does FUTURE INITIATIVE INC have?
- On its 990-PF for the year ended September 30, 2024 it reported revenue of $2,235, expenses of $3,255 and total assets of $49,889 at year end.
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