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EIN 45-3340650

Future Founders Foundation

IRS 501(c) type
501(c)(3)
Num. employees
13
City
Chicago
State
Illinois
Year formed
2011
Most recent tax filings
2023-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Future Founders Foundation believes that every youth can become an entrepreneur. They empower middle and high schoolers from Chicago's most underserved neighborhoods to discover entrepreneurship and develop entrepreneurial skills through in-school workshops and out-of-school experiences. Additionally, they help diverse 18 to 30-year-olds from across the nation launch and scale their own businesses through the startup bootcamp, fellowship, alumni accelerator programs, or the u.pitch national collegiate elevato.
Total revenues
$1,387,744
2023
Total expenses
$1,362,522
2023
Total assets
$1,793,848
2023
Num. employees
13
2023

Program areas at Future Founders Foundation

Future Founders discover: we empower middle and high schoolers from chicago's most underserved neighborhoods to discover entrepreneurship and develop entrepreneurial skills. Students benefit from in-school workshops and out-of-school experiences including startup spring break and the "be your own boss" internship.
Future Founders startup: we help diverse 18 to 30-year-olds from across the nation launch and scale their own businesses. Founders participate in the startup bootcamp, fellowship, founder society(alumni)and/or skills-based workshops.

Who funds Future Founders Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
DuPage Community FoundationEmployment & Job$100,000
Ford Motor Company FundEconomic Mobility$50,000
The Bank of America Charitable FoundationProgram/operating Support$25,000
...and 3 more grants received

Personnel at Future Founders Foundation

NameTitleCompensation
Scott IssenPresident and Chief Executive Officer$182,210
Brad KeywellChairman$0
Jason VandeboomChairman / Director$0
Kevin WillerTreasurer$0

Financials for Future Founders Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,201,643
Program services$128,736
Investment income and dividends$5,593
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$51,772
Total revenues$1,387,744

Form 990s for Future Founders Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-11990View PDF
2021-062022-05-06990View PDF
2020-062021-05-25990View PDF
2019-062021-01-21990View PDF
...and 7 more Form 990s

Organizations like Future Founders Foundation

OrganizationLocationRevenue
Minds Matter ColoradoDenver, CO$990,090
Rowan County Crosby Scholars Community PartnershipWinston Salem, NC$465,881
Food Education FundNew York, NY$1,791,996
New FuturesWashington, DC$1,762,627
Chester County FuturesCoatesville, PA$724,583
Avenue Scholars IowaCouncil Bluffs, IA$2,970,201
Minds Matter of Bay AreaSan Francisco, CA$1,171,108
Spark the JourneyWashington, DC$2,817,462
High RocksHillsboro, WV$6,131,836
Friends of Saturday AcademyPortland, OR$777,817
Data update history
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 4, 2024
Updated personnel
Identified 3 new personnel
July 14, 2024
Received grants
Identified 4 new grant, including a grant for $100,000 from DuPage Community Foundation
July 13, 2024
Used new vendors
Identified 1 new vendor, including
December 23, 2023
Received grants
Identified 3 new grant, including a grant for $100,000 from Motorola Solutions Foundation
Nonprofit Types
Corporate foundationsSchoolsCharities
Issues
Education
Characteristics
State / local levelCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
1 N Dearborn St 5th Floor
Chicago, IL 60602
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
futurefounders.com/ 
Phone
(312) 350-0334
IRS details
EIN
45-3340650
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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