2022-11-11T17:38:12-06:00 2021-12-31 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2021-01-01 952540449 INSTITUTE FOR THE FUTURE INST 6508546322 201 HAMILTON AVENUE PALO ALTO CA 94301 KATIE FULLER DIRECTOR OF FINANCE & ADMIN. 6508546322 2022-11-11 1 KATIE FULLER 999009999 JACOB YAU P01560332 4089988400 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MARINA GORBIS 201 HAMILTON AVENUE PALO ALTO CA 94301 14239917 0 X WWW.IFTF.ORG X 1968 CA PROVIDE FUTURE FORECASTING TO ORGANIZATIONS WORLDWIDE. 10 7 45 7 0 0 29343 2300010 9215802 11935331 1882 1695 6761 2881 9253788 14239917 0 0 0 0 7673283 7828629 0 0 32176 3477535 3390145 11150818 11218774 -1897030 3021143 4385199 9175990 3960399 5730047 424800 3445943 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 2636631 0 5605040 RESEARCH INITIATIVES, SPEECHES, WORKSHOPS 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 RESEARCH AGENDAS AND INTERCONNECTED LABS THAT, TOGETHER, BUILD BROAD SCANS OF THE FUTURE LANDSCAPE AND LEAD DEEP DIVES INTO URGENT FUTURES. 1014617 0 1689807 VANTAGE - FOR NEARLY FOUR DECADES, THE VANTAGE 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 ARE RESEARCH INTO NEW AREAS OF STUDY. THE VANTAGE PROGRAM SERVED OVER 40 MEMBERS, HOSTED IT'S ANNUAL CONFERENCE (ITS FIRST-EVER IN A FULLY VIRTUAL FORMAT) AND PROVIDED A DIVERSE ARRAY OF DELIVERABLES TO SPONSORS. 940042 0 2640330 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 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. 4526603 0 2003035 FOUNDATION GRANT FUNDING FROM LIKE-MINDED FOUNDATIONS WHO SUPPORT OUR RESEARCH AND EDUCATIONAL MISSIONS. 4526603 0 2003035 9117893 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 69 0 1 45 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 300319 0 50417 JEAN HAGAN EXECUTIVE PRODUCER 40.00 X X 221916 0 42506 LYN JEFFERY RESEARCH DIRECTOR 40.00 X X 210827 0 30005 LAWRENCE WILKINSON BOARD CHAIR 1.30 X X 0 0 0 BERIT ASHLA INDEPENDENT TRUSTEE 1.30 X 0 0 0 KAREN EDWARDS INDEPENDENT TRUSTEE 1.30 X 0 0 0 MARIANNE JACKSON INDEPENDENT TRUSTEE 1.30 X 0 0 0 MICHAEL KLEEMAN INDEPENDENT TRUSTEE 1.30 X 0 0 0 STEVE MILOVICH INDEPENDENT TRUSTEE 1.30 X 0 0 0 DAVID THIGPEN INDEPENDENT TRUSTEE 1.30 X 0 0 0 JOHN CLAMME DIRECTOR OF STRATEGIC GROWTH 40.00 X 211877 0 41261 RODRIGO FALCON RESEARCH DIRECTOR 40.00 X 224029 0 31202 KATHERINE FULLER DIRECTOR OF FINANCE & ADMIN 40.00 X 186537 0 48551 DYLAN HENDRICKS RESEARCH DIRECTOR 40.00 X 157972 0 34107 ROBERT JOHANSEN DISTINGUISHED FELLOW 40.00 X 255337 0 45997 MICHAEL NESS DIRECTOR OF SALES 40.00 X 219167 0 36546 DARIA LAMB BUSINESS DEVELOPMENT DIRECTOR 40.00 X 184072 0 45948 JANE MCGONIGAL RESEARCH DIRECTOR 40.00 X 174837 0 39894 JAKE DUNAGAN RESEARCH DIRECTOR 40.00 X 158204 0 43681 2505094 0 490115 25 0 1 0 0 2249302 50708 2300010 MEMBERSHIP DUES 541700 6393472 6393472 PROGRAM SERVICE REVENUE 541700 5528304 5528304 PUBLICATION INCOME 511190 13555 13555 11935331 1695 1695 OTHER REVENUE 900099 2881 2881 2881 14239917 11938212 0 1695 X 1791525 1443852 340890 6783 4742823 3822406 902461 17956 385685 310837 73388 1460 485606 391366 92356 1884 422990 340903 80486 1601 12468 2725 9743 144279 31531 112748 1486999 1365678 121321 51828 11326 40502 135051 113219 21443 389 147219 118770 28449 1072177 964475 105599 2103 13000 12281 719 1428 938 490 889 584 305 226528 130912 95616 34737 22823 11914 PRINTING & PUBLICATIONS 52142 25777 26365 RECRUITMENT EXPENSE 8207 5392 2815 STAFF DEVELOPMENT/EVENT 3193 2098 1095 11218774 9117893 2068705 32176 1012250 3709415 446282 446702 1562977 3764830 696131 707184 2261905 1857900 523705 404005 143854 143854 4385199 9175990 1209387 2684181 1369706 2827658 1099500 0 281806 218208 3960399 5730047 X -857862 1652772 1282662 1793171 424800 3445943 4385199 9175990 3021143 0 X 0 1 X 1 0 X 43049 20475 135944 29343 2300010 2528821 11185725 13878971 13242027 9221163 11938212 59466098 11228774 13899446 13377971 9250506 14238222 61994919 35213 4300 54270 10000 103783 3271917 4661928 4487548 3044155 2423012 17888560 3307130 4666228 4541818 3044155 2433012 17992343 44002576 14611 15860 22582 3282 1695 58030 14611 15860 22582 3282 1695 58030 11243385 13915306 13400553 9253788 14239917 62052949 0.70910 0.68010 0.00090 0.00110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 937824 679870 257954 462520 415735 46785 861561 762295 99266 404005 DEFERRED RENT 218208 218208 X 14239917 0 14239917 0 14239917 11218774 0 11218774 0 11218774 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 274555 0 25764 0 0 0 27457 0 22960 0 350736 0 0 0 ROBERT JOHANSEN DISTINGUISHED FELLOW 234573 0 20764 0 0 0 23457 0 22540 0 301334 0 0 0 JEAN HAGAN EXECUTIVE PRODUCER 208152 0 13764 0 0 0 20815 0 21691 0 264422 0 0 0 MICHAEL NESS DIRECTOR OF SALES 208403 0 10764 0 0 0 20840 0 15706 0 255713 0 0 0 RODRIGO FALCON RESEARCH DIRECTOR 210265 0 13764 0 0 0 21027 0 10175 0 255231 0 0 0 JOHN CLAMME DIRECTOR OF STRATEGIC GROWTH 201113 0 10764 0 0 0 20111 0 21150 0 253138 0 0 0 LYN JEFFERY RESEARCH DIRECTOR 198063 0 12764 0 0 0 19806 0 10199 0 240832 0 0 0 KATHERINE FULLER DIRECTOR OF FINANCE & ADMIN 175783 0 10754 0 0 0 17578 0 30973 0 235088 0 0 0 DARIA LAMB BUSINESS DEVELOPMENT DIRECTOR 176775 0 7297 0 0 0 17678 0 28270 0 230020 0 0 0 JANE MCGONIGAL RESEARCH DIRECTOR 174083 0 754 0 0 0 17408 0 22486 0 214731 0 0 0 JAKE DUNAGAN RESEARCH DIRECTOR 143214 0 14990 0 0 0 14321 0 29360 0 201885 0 0 0 DYLAN HENDRICKS RESEARCH DIRECTOR 147396 0 10576 0 0 0 14740 0 19367 0 192079 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 1,275,418. MANAGEMENT AND GENERAL EXPENSES 120,113. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,395,531. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 90,260. MANAGEMENT AND GENERAL EXPENSES 1,208. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,468.