2022-09-23T15:58:01-05:00 2019-12-31 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2019-01-01 952540449 INSTITUTE FOR THE FUTURE INST 6508546322 201 HAMILTON AVENUE PALO ALTO CA 94301 KATIE FULLER DIRECTOR OF FINANCE & ADMIN. 6508546322 2022-09-16 1 MAGA E KISRIEV P01008919 4089988400 2019 2022-09-23 18:48:47Z X MARINA GORBIS 201 HAMILTON AVENUE PALO ALTO CA 94301 13400553 0 X WWW.IFTF.ORG X 1968 CA PROVIDE FUTURE FORECASTING TO ORGANIZATIONS WORLDWIDE. 10 7 57 7 0 0 20475 135944 13878971 13242028 1610 3581 14250 19000 13915306 13400553 0 0 0 0 7843587 7708812 0 0 9409 5907501 5648298 13751088 13357110 164218 43443 5200486 5419071 2922099 3097241 2278387 2321830 X WE CATALYZE THE GLOBAL COMMUNITY TO THINK SYSTEMATICALLY ABOUT THE FUTURE. MORE SPECIFICALLY, AS AN INDEPENDENT NONPROFIT, WE ARE LEADING INNOVATORS IN THE SYSTEMATIC AND COMPREHENSIVE RESEARCH OF THE LONG-TERM FUTURE, PROVIDING METHODOLOGIES AND TOOLS THAT ENGAGE BOTH THE PRIVATE AND PUBLIC SECTORS IN ORDER TO: DISCERN AND COPE WITH TODAY'S SOCIETAL DILEMMAS; AVOID CREATION OF MORE COMPLEX DILEMMAS TOMORROW; AND CREATE NEW, IMPORTANT ALTERNATIVES IN SHAPING THE GLOBAL FUTURE. 0 0 1530160 0 2730116 VANTAGE - FOR NEARLY FOUR DECADES, VANTAGE (FKA THE FUTURE 50) 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 OUR RESEARCH IN NEW AREAS OF STUDY. THE VANTAGE PROGRAM SERVED OVER 25 MEMBERS, HOSTED AN ANNUAL CONFERENCE AND PROVIDED A DIVERSE ARRAY OF DELIVERABLES TO SPONSORS. 1260356 0 1261272 FOUNDATION GRANT FUNDING FOR RESEARCH INITIATIVES 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 INTERCONNECTED LABS THAT, TOGETHER, BUILD BROAD SCANS OF THE FUTURE LANDSCAPE AND LEAD DEEP DIVES INTO URGENT FUTURES. THESE LABS ARE THE SOURCE OF IFTF'S MANY FRAMEWORKS FOR ACTION, AND ARE OFTEN FUNDED THROUGH GRANTS FROM LIKE-MINDED FOUNDATIONS WHO SUPPORT OUR RESEARCH AND EDUCATIONAL MISSIONS. 728545 0 1036015 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, THE FORESIGHT PRACTITIONER TRAINING, 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. 4676222 0 8214625 ALL OTHER PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE CUSTOM RESEARCH ENGAGEMENTS (PW REVENUE), SPEECHES, FOUNDATIONAL GRANTS, EDUCATIONAL WORKSHOPS, AND VARIOUS CONTENT LABS. 4676222 0 8214625 8195283 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 129 0 1 57 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KATIE FULLER 6508546322 201 HAMILTON AVENUE PALO ALTO CA 94301 MARINA GORBIS EXECUTIVE DIRECTOR 40.00 X X 322813 0 52555 JEAN HAGAN EXECUTIVE PRODUCER 40.00 X X 222207 0 48977 LYN JEFFERY RESEARCH DIRECTOR 40.00 X X 203191 0 36132 BERIT ASHLA INDEPENDENT TRUSTEE 1.20 X 0 0 0 KAREN EDWARDS INDEPENDENT TRUSTEE 1.20 X 0 0 0 MARIANNE JACKSON INDEPENDENT TRUSTEE 1.20 X 0 0 0 MICHAEL KLEEMAN INDEPENDENT TRUSTEE 1.20 X 0 0 0 STEVE MILOVICH INDEPENDENT TRUSTEE 1.20 X 0 0 0 DAVID THIGPEN INDEPENDENT TRUSTEE 1.20 X 0 0 0 LAWRENCE WILKINSON INDEPENDENT TRUSTEE 1.20 X 0 0 0 ROD FALCON RESEARCH DIRECTOR 40.00 X 227127 0 31762 KATHERINE FULLER DIRECTOR OF FINANCE & ADMIN. 40.00 X 181609 0 45078 DYLAN HENDRICKS RESEARCH DIRECTOR 40.00 X 150932 0 41287 ROBERT JOHANSEN DISTINGUISHED FELLOW 40.00 X 263828 0 46292 MICHAEL NESS DIRECTOR OF SALES 40.00 X 231076 0 44454 DARIA LAMB BUSINESS DEVELOPMENT DIRECTOR 40.00 X 187411 0 43622 JANE MCGONIGAL RESEARCH DIRECTOR 40.00 X 175602 0 38797 ANMOL CHADDHA RESEARCH DIRECTOR 40.00 X 168651 0 25868 2334447 0 454824 11 0 1 0 DURABLE GOOD 6346 LANGHALL COURT AGOURA HILLA CA 91301 MARKETING 246020 TWO KIDS WITH A CAMERA 170 W DAYTON ST 1020 PASADENA CA 91105 VIDEO PRODUCTION SUPPORT 103000 ANTHONY WEEKS 150 GARDENSIDE DRIVE APT 402 SAN FRANCISCO CA 94131 GRAPHIC RECORDING SUPPORT 101250 3 135944 135944 MEMBERSHIP DUES 541700 7000773 7000773 PROGRAM SERVICE REVENUE 541700 6224990 6224990 PUBLICATION INCOME 511190 16265 16265 13242028 3581 3581 19000 0 19000 19000 19000 13400553 13242028 0 22581 X 1563670 811939 750306 1425 4818541 2502037 2312112 4392 423001 219644 202971 386 495565 257323 237790 452 408035 211873 195790 372 2525 2525 144760 144760 2238300 1970572 267368 360 4409 1887 2522 197815 84673 113142 194867 194867 1042025 827042 214983 1105273 1024378 78873 2022 178743 76509 102234 21528 9215 12313 254044 85184 168860 25077 10734 14343 RECRUITMENT EXPENSE 133151 56994 76157 PRINTING & PUBLICATIONS 60621 25948 34673 BAD DEBT 17566 7519 10047 STAFF DEVELOPMENT/EVENT 16237 6950 9287 11357 4862 6495 13357110 8195283 5152418 9409 X 1303571 442250 443917 445667 1839139 2963758 619900 732873 2084524 1393855 850105 690669 143854 143854 5200486 5419071 1182800 1225027 1398255 1050306 341044 821908 2922099 3097241 X 1335452 837513 942935 1484317 2278387 2321830 5200486 5419071 43443 0 X 0 1 X 1 0 X 31291 32220 43049 20475 135944 262979 10073524 11877830 11185725 13878971 13242028 60258078 10104815 11910050 11228774 13899446 13377972 60521057 10000 10000 35213 4300 54270 113783 2990882 3472798 3271917 4661928 4487548 18885073 3000882 3482798 3307130 4666228 4541818 18998856 41522201 494791 9867 14611 15860 22581 557710 494791 9867 14611 15860 22581 557710 10599606 11919917 11243385 13915306 13400553 61078767 0.67980 0.67520 0.00910 0.01240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 937824 463044 474780 409861 342474 67387 736839 588337 148502 690669 DEFERRED RENT 321908 LINE OF CREDIT 500000 821908 X 13400553 0 13400553 0 13400553 13357110 0 13357110 0 13357110 PART X, LINE 2: THE INSTITUTE HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL AND STATE INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. IN ADDITION, THE INSTITUTE HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATED THE INSTITUTE'S TAX POSITIONS AND CONCLUDED THAT THE INSTITUTE HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. X X X X X 0 0 0 0 0 0 0 0 0 MARINA GORBIS EXECUTIVE DIRECTOR 297813 0 25000 0 0 0 32281 0 20274 0 375368 0 0 0 JEAN HAGAN EXECUTIVE PRODUCER 211598 0 10609 0 0 0 22221 0 26756 0 271184 0 0 0 LYN JEFFERY RESEARCH DIRECTOR 197761 0 5430 0 0 0 20319 0 15813 0 239323 0 0 0 ROD FALCON RESEARCH DIRECTOR 216518 0 10609 0 0 0 22713 0 9049 0 258889 0 0 0 KATHERINE FULLER DIRECTOR OF FINANCE & ADMIN. 172825 0 8784 0 0 0 18161 0 26917 0 226687 0 0 0 DYLAN HENDRICKS RESEARCH DIRECTOR 143914 0 7018 0 0 0 15093 0 26194 0 192219 0 0 0 ROBERT JOHANSEN DISTINGUISHED FELLOW 248397 0 15431 0 0 0 26383 0 19909 0 310120 0 0 0 MICHAEL NESS DIRECTOR OF SALES 220594 0 10482 0 0 0 23108 0 21346 0 275530 0 0 0 DARIA LAMB BUSINESS DEVELOPMENT DIRECTOR 178377 0 9034 0 0 0 18741 0 24881 0 231033 0 0 0 JANE MCGONIGAL RESEARCH DIRECTOR 165833 0 9769 0 0 0 17560 0 21237 0 214399 0 0 0 ANMOL CHADDHA RESEARCH DIRECTOR 158651 0 10000 0 0 0 16865 0 9003 0 194519 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWED THE DRAFT FORM 990 AND MET IN ORDER TO PROVIDE A FORUM TO ASK ANY QUESTIONS OF THE DIRECTOR OF FINANCE, EXECUTIVE DIRECTOR, OR THE TAX PREPARER. THE AUDIT COMMITTEE CHAIR THEN PROVIDED THE DRAFT FORM 990 TO THE BOARD CHAIR FOR REVIEW AND APPROVAL. UPON APPROVAL CHAIRMAN DIRECTED THE DIRECTOR OF FINANCE TO FINALIZE AND TO FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C IFTF DIRECTORS, OFFICERS, KEY EMPLOYEES, ALL STAFF, AND CONTRACTORS SIGN A NONDISCLOSURE AGREEMENT CONTAINING A CONFLICT OF INTEREST POLICY. STAFF AND CONTRACTORS ARE REQUIRED TO INFORM IFTF OF POTENTIAL CONFLICTS. THE ORGANIZATION EMPLOYS A STRONG WEB PROCESS TO SEARCH FOR OUTSIDE ARTICLES/INFORMATION AND UTILIZES STRONG STAFF COMMUNICATIONS TO MONITOR ANY ISSUES. IFTF PROGRAM DIRECTORS AND RESEARCH MANAGERS WORK DIRECTLY WITH CONSULTANTS TO UNDERSTAND THEIR OUTSIDE PROJECTS AND NOTIFY MANAGEMENT ACCORDINGLY. IFTF BOARD MEMBERS ARE DIRECTED BY A CHARTER AND ROLES AND RESPONSIBILITIES DOCUMENTATION MAINTAINING CONFLICTS OF INTEREST AS WELL AS WHISTLEBLOWER POLICIES. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR (CEO) COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES UPON COMPLETION OF EXECUTIVE DIRECTOR'S ANNUAL REVIEW WITH THE BOARD. IN 2011, AND INDEPENDENT CONSULTANT PERFORMED A COMPENSATION STUDY TO DETERMINE IF ORGANIZATIONAL SALARIES FOR THE EXECUTIVE DIRECTOR, MANAGEMENT TEAM, AND RESEARCH STAFF WERE IN-LINE WITH OTHER NONPROFITS AND/OR SIMILAR RESEARCH ORGANIZATIONS. OUTSIDE SURVEYS, INTERVIEWS, AND OTHER REGIONAL BENCHMARKS WERE USED AS A COMPARATIVE BASE. A PROPOSAL IS ALSO PROVIDED TO THE BOARD AS PART OF THE ANNUAL MEETING'S YEARLY BUDGET APPROVAL PROCESS BY THE BOARD, INCLUDING FULL STAFF SALARIES AND INCENTIVE COMPENSATION ACCRUALS AND DISTRIBUTIONS. NO SALARY INCREASES OR INCENTIVE COMPENSATION IS PAID OUT WITHOUT THE BOARD APPROVAL OF THE PROPOSAL. THE BOARD MAINTAINS THE RIGHT TO ASK FOR ANY ADJUSTMENTS TO THE PROPOSAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,970,572. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 360. TOTAL EXPENSES 1,970,932. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 267,368. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 267,368. EXPLANATION FOR AMENDED FORM 990: FINANCIAL STATEMENTS AUDIT WAS NOT COMPLETED AT THE TIME ORIGINAL FORM 990 WAS DUE. THIS AMENDED RETURN IS FILED TO CORRECT THE DISCREPANCIES BETWEEN FORM 990 THAT WAS ORIGINALLY FILED AND AUDITED FINANCIAL STATEMENTS. ITEMS THAT HAVE CHANGED: - AMENDED FORM 990, PART I, LINES 9, 10, 17, 18, 19, 20, 21, AND 22. - AMENDED FORM 990, PART III, LINE 4D REVENUE. - AMENDED FORM 990, PART IV, LINES 11F AND 12A. - AMENDED FORM 990, PART VIII, LINES 2B AND 3. - AMENDED FORM 990, PART IX, LINE 17 COLUMN (D). - AMENDED FORM 990, PART X, COLUMN (B), LINES 1, 4, 10A, 16, 17, 19, 26, 27, 32 AND 33. - AMENDED FORM 990, PART XI, LINES 2, 3 AND 10. - AMENDED FORM 990, PART XII, LINES 2B AND 2C. - AMENDED FORM 990, SCHEDULE A, PART III, COLUMN (E), LINES 2, 9, 10A, AND 10C. - AMENDED FORM 990, SCHEDULE D, PART VI, LINE 1E, COLUMN (B). - AMENDED FORM 990, SCHEDULE D, PART X, LINE 2. - AMENDED FORM 990, SCHEDULE D, PARTS XI AND XII.