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FUTURE LEADERS FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
FUTURE LEADERS FOUNDATION INC (EIN 46-3730317)
Tax period
2018-10-01 to 2019-09-30
Filed
2020-07-30
IRS object ID
202022129349100612
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-07-30T14:06:32-07:00ReturnTs
Tax Period End2019-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273435057PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Vescio Family Advisors LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17-11 S Broadway Ste 308AddressLine1Txt
CityWhite PlainsCityNm
State AbbreviationNYStateAbbreviationCd
ZIP106013520ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463730317EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FUTURE LEADERS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFUTUBusinessNameControlTxt
Phone2127763103PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1237 E 60TH STREET 1ST FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEVA CHANCELPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2020-07-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER C VESCIO CPAPreparerPersonNm
PTINP00003541PTIN
Phone9143589888PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$505,968FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Net Invst Incm$2,866InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$5,000TotalRevAndExpnssAmt
Total Net Invst Incm$2,866TotalNetInvstIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$81,278OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$81,278OthEmplSlrsWgsDsbrsChrtblAmt
Accounting Fees Rev And Expnss$4,950AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$4,950AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$1,096OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$1,096OtherProfFeesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$537DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$127,305TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$127,305TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$391,758OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$391,758OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$606,924TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$606,387TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$606,924TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$606,387TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$601,924ExcessRevenueOverExpensesAmt
Net Investment Income$2,866NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,106,157CashBOYAmt
Cash EOY$467,174CashEOYAmt
Cash EOYFMV$467,174CashEOYFMVAmt
Acct Rcvbl$13,434AcctRcvblAmt
Acct Rcvbl BOY$13,967AcctRcvblBOYAmt
Acct Rcvbl EOY$13,434AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$13,434AcctRcvblEOYFMVAmt
Prepaid Expenses BOY$10,640PrepaidExpensesBOYAmt
Prepaid Expenses EOY$25,360PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$25,360PrepaidExpensesEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$2,170LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,166LandBldgEquipAccumDeprecAmt
Land BOY$425LandBOYAmt
Land EOY$1,004LandEOYAmt
Total Assets BOY$1,131,189TotalAssetsBOYAmt
Total Assets EOY$506,972TotalAssetsEOYAmt
Total Assets EOYFMV$505,968TotalAssetsEOYFMVAmt
Accounts Payable BOY$36,494AccountsPayableBOYAmt
Accounts Payable EOY$11,335AccountsPayableEOYAmt
Total Liabilities BOY$36,494TotalLiabilitiesBOYAmt
Total Liabilities EOY$11,335TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,094,695UnrestrictedBOYAmt
Unrestricted EOY$495,637UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,094,695TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$495,637TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,131,189TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$506,972TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,094,695TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$601,924ExcessRevenueOverExpensesAmt
Other Increases$2,866OtherIncreasesAmt
Subtotal$495,637SubtotalAmt
Tot Net Ast Or Fund Balances EOY$495,637TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$57InvestmentIncomeExciseTaxAmt
Subtotal$57SubtotalAmt
Tax Based On Investment Income$57TaxBasedOnInvestmentIncomeAmt
Tax Due$57TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.FUTURELEADERS.ORGWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1EVA CHANCELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127763103PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1237 E 60TH STREET 1ST FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JEAN KAROUBI
14 EAST 69TH STREET 4RNEW YORKNY10021President0.00$0
ISABELLE D'URSEL
14 EAST 69TH STREET 4RNEW YORKNY10021Director0.00$0
EVA CHANCEL
14 EAST 69TH STREET 4RNEW YORKNY10021Treasurer0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NATIONAL OUTDOOR LEADERSHIP SCHOOLBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1284 LINCOLN STREETAddressLine1Txt
CityLANDERCityNm
State AbbreviationWYStateAbbreviationCd
ZIP82520ZIPCd
FieldValueIRS element (for citing)
Service TypeLEADERSHIP TRAININGServiceTypeTxt
Compensation$72,265CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1SUPPORTS EXTRAORDINARY STUDENTS WHO, AGAINST ALL ODDS, HAVE POSITIONED THEMSELVES FOR SUCCESS ON A GLOBAL SCALE AND WANT TO FORM A GLOBAL SOCIETY OF FELLOWS.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$606,387ExpensesAndContributionsAmt
Qualifying Distributions$606,387QualifyingDistributionsAmt
Adjusted Qualifying Distri$606,387AdjustedQualifyingDistriAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2014-08-20PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$606,387CurrentYearAmt
Year1$636,116Year1Amt
Year2$576,374Year2Amt
Year3$325,895Year3Amt
Total$2,144,772TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$606,387CurrentYearAmt
Year1$636,116Year1Amt
Year2$576,374Year2Amt
Year3$325,895Year3Amt
Total$2,144,772TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$506,972CurrentYearAmt
Year1$1,131,189Year1Amt
Year2$1,125,214Year2Amt
Year3$1,092,514Year3Amt
Total$3,855,889TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Current Year$506,972CurrentYearAmt
Year1$1,131,189Year1Amt
Year2$1,125,214Year2Amt
Year3$1,092,514Year3Amt
Total$3,855,889TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonFUTURE LEADERS FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1237 EAST 60TH STREET 1ST FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2127763103RecipientPhoneNum
Recipient Email AddressWWW.FUTURELEADERS.ORGRecipientEmailAddressTxt
Form And Info And MaterialsSEE WWW.FUTURELEADERS.ORGFormAndInfoAndMaterialsTxt
Submission DeadlinesSEE WWW.FUTURELEADERS.ORGSubmissionDeadlinesTxt
Restrictions On AwardsSEE WWW.FUTURELEADERS.ORGRestrictionsOnAwardsTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$4,950Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$4,950DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyCOMPUTERPropertyDesc
Acquired2016-12-30AcquiredDt
Cost Or Other Basis$2,170CostOrOtherBasisAmt
Prior Year Depreciation$629PriorYearDepreciationAmt
Computation MethodSLComputationMethodTxt
Rt0.2000Rt
Current Year Expense$537CurrentYearExpenseAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$2,170CostOrOtherBasisAmt
Accumulated Depreciation$1,166AccumulatedDepreciationAmt
Book Value$1,004BookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (19 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$330$330
COMMUNICATION$4,733$4,733
DOMICILIATION FEES$324$324
EVENT COSTS$10,931$10,931
INSURANCE$14,647$14,647
INTERNSHIP EXPENSES$38,393$38,393
LICENSE$62$62
MISCELLANEOUS$2,686$2,686
OFFICE EXPENSES$8,888$8,888
OFFICE SUPPLIES$453$453
OTHER$2,889$2,889
PERSONAL COSTS$191,787$191,787
RECRUITING EXPENSES$190$190
RENT$36,270$36,270
TAXI & CAR SERVICES$325$325
TELEPHONE & INTERNET$2,789$2,789
TRAINING EXPENSE$72,265$72,265
UTILITIES$1,848$1,848
WEB HOSTING AND RELATED EXPENSES$1,948$1,948

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescINTEREST INCOMEDesc
Amt$2,866Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
Amt$1,096Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,096DisbursementsCharitablePrpsAmt

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