2019-11-15T15:56:26-06:00 2018-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2018-01-01 952540449 INSTITUTE FOR THE FUTURE INST 6508546322 201 HAMILTON AVENUE PALO ALTO CA 94301 KATIE FULLER DIRECTOR OF FINANCE & ADMIN. 6508546322 2019-11-14 1 MAGA E KISRIEV P01008919 4157810793 12.201.129.210 2019-11-14 16:43:09 PS P 41114BE78F9267D8857AD0643F4D09414A798F58 AC4DF2D4A42C6AD81B5321F7D48656F676E65BB0 2018 2020-03-31 21:24:44Z MARINA GORBIS 201 HAMILTON AVENUE PALO ALTO CA 94301 13915306 0 X WWW.IFTF.ORG X 1968 CA PROVIDE FUTURE FORECASTING TO ORGANIZATIONS WORLDWIDE. 10 7 49 7 0 18288 43049 20475 11184349 13878971 366 1610 15621 14250 11243385 13915306 0 0 0 0 6397539 7843587 0 0 15022 4786202 5907501 11183741 13751088 59644 164218 4745470 5200486 2631301 2922099 2114169 2278387 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 1601458 0 2885250 FUTURE 50 PROGRAM - FOR NEARLY FOUR DECADES, THE FUTURE 50 (FKA THE TEN-YEAR FORECAST) 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 FUTURE 50 PROGRAM SERVED OVER 25 MEMBERS, HOSTED AN ANNUAL CONFERENCE AND PROVIDED A DIVERSE ARRAY OF DELIVERABLES TO SPONSORS. 1319082 0 1319082 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. 762492 0 1083500 FORESIGHT STUDIO - THE FORESIGHT STUDIO IS BUILT ON A NEARLY 50 YEAR FOUNDATION OF FUTURES WORK FOR CORPORATIONS, GOVERNMENTS, NOT-FOR-PROFIT, AND CIVIC ORGANIZATIONS. THIS STUDIO 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. 4894110 0 8591139 ALL OTHER PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE CUSTOM RESEARCH ENGAGEMENTS (PW REVENUE), SPEECHES, FOUNDATIONAL GRANTS, EDUCATIONAL WORKSHOPS, AND VARIOUS CONTENT LABS. 4894110 0 8591139 8577142 1 0 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 1 161 0 1 49 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 1 1 1 1 1 1 1 1 0 CA X KATIE FULLER 6508546322 201 HAMILTON AVENUE PALO ALTO CA 94301 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 MARINA GORBIS EXECUTIVE DIRECTOR 40.00 X X 373689 0 56008 JEAN HAGAN EXECUTIVE PRODUCER 40.00 X X 238530 0 48607 LYN JEFFERY RESEARCH DIRECTOR 40.00 X X 208072 0 45598 KATHERINE FULLER DIRECTOR OF FINANCE & ADMIN. 40.00 X 188675 0 43895 ROD FALCON RESEARCH DIRECTOR 40.00 X 240824 0 32218 ROBERT JOHANSEN DISTINGUISHED FELLOW 40.00 X 316755 0 49958 MICHAEL NESS DIRECTOR OF SALES 40.00 X 263865 0 45154 PARMINDER JASSAL BUSINESS DEVELOPMENT DIRECTOR 40.00 X 282967 0 49380 DARIA LAMB BUSINESS DEVELOPMENT DIRECTOR 40.00 X 198225 0 42262 SAMUEL WOOLLEY RESEARCH DIRECTOR 40.00 X 173544 0 25490 JANE MCGONIGAL RESEARCH DIRECTOR 40.00 X 165510 0 35355 DYLAN HENDRICKS RESEARCH DIRECTOR 40.00 X 144352 0 39226 2795008 0 513151 24 0 1 0 DURABLE GOOD C/O IFTF - 201 HAMILTON AVENUE PALO ALTO CA 94301 CONSULTING SERVICES 166860 PATRICIA WYATT C/O IFTF - 201 HAMILTON AVENUE PALO ALTO CA 94301 CONSULTING SERVICES 139425 2 20475 20475 PROGRAM SERVICE REVENUE 541700 8846561 8846561 MEMBERSHIP DUES 541700 5014944 5014944 PUBLICATION INCOME 511190 17466 17466 13878971 1610 1610 14250 0 14250 14250 14250 13915306 13878971 0 15860 X 2151847 1133387 1014472 3988 4311285 2270772 2032524 7989 531759 280080 250694 985 444440 234088 209528 824 404256 212923 190584 749 18213 18188 25 143407 143207 200 2242886 2064109 178715 62 29981 10092 19882 7 134948 45427 89490 31 256400 256400 1003244 802595 200649 1368495 1281777 86612 106 116176 39108 77041 27 217204 47128 170076 29389 9893 19489 7 BAD DEBT 137236 137236 PRINTING & PUBLICATIONS 113206 113206 STAFF DEVELOPMENT/EVENT 67160 22608 44537 15 RECRUITMENT EXPENSE 12372 4165 8204 3 17184 5784 11396 4 13751088 8577142 5158924 15022 539683 1303571 442361 443917 100000 0 2067341 1839139 622364 619900 1989916 1139811 829867 850105 143854 143854 4745470 5200486 802667 1182800 1492466 1398255 336168 341044 2631301 2922099 X 1727881 1335452 386288 942935 2114169 2278387 4745470 5200486 164218 0 X 0 1 X 1 0 X 32329 31291 32220 43049 20475 159364 8350835 10073524 11877830 11185725 13878971 55366885 8383164 10104815 11910050 11228774 13899446 55526249 25000 10000 10000 35213 4300 84513 3080620 2990882 3472798 3271917 4661928 17478145 3105620 3000882 3482798 3307130 4666228 17562658 37963591 162008 494791 9867 14611 15860 697137 162008 494791 9867 14611 15860 697137 8545172 10599606 11919917 11243385 13915306 56223386 0.67520 0.64400 0.01240 0.01340 X 935474 354849 580625 376103 291490 84613 678339 493472 184867 850105 DEFERRED RENT 341044 341044 X 13920126 4820 4820 13915306 0 13915306 13755908 4820 4820 13751088 0 13751088 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 362153 0 11536 0 0 0 37369 0 18639 0 429697 0 0 0 JEAN HAGAN EXECUTIVE PRODUCER 216043 0 22487 0 0 0 23853 0 24754 0 287137 0 0 0 LYN JEFFERY RESEARCH DIRECTOR 200832 0 7240 0 0 0 20807 0 24791 0 253670 0 0 0 KATHERINE FULLER DIRECTOR OF FINANCE & ADMIN. 181648 0 7027 0 0 0 18868 0 25027 0 232570 0 0 0 ROD FALCON RESEARCH DIRECTOR 232337 0 8487 0 0 0 24082 0 8136 0 273042 0 0 0 ROBERT JOHANSEN DISTINGUISHED FELLOW 306468 0 10287 0 0 0 31676 0 18282 0 366713 0 0 0 MICHAEL NESS DIRECTOR OF SALES 241038 0 22827 0 0 0 26387 0 18767 0 309019 0 0 0 PARMINDER JASSAL BUSINESS DEVELOPMENT DIRECTOR 272667 0 10300 0 0 0 28297 0 21083 0 332347 0 0 0 DARIA LAMB BUSINESS DEVELOPMENT DIRECTOR 180497 0 17728 0 0 0 19823 0 22439 0 240487 0 0 0 SAMUEL WOOLLEY RESEARCH DIRECTOR 167744 0 5800 0 0 0 17354 0 8136 0 199034 0 0 0 JANE MCGONIGAL RESEARCH DIRECTOR 158997 0 6513 0 0 0 16551 0 18804 0 200865 0 0 0 DYLAN HENDRICKS RESEARCH DIRECTOR 138738 0 5614 0 0 0 14435 0 24791 0 183578 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 FULL BOARD FOR REVIEW AND APPROVAL. UPON APPROVAL OF THE BOARD, THE BOARD 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 1,973,391. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,973,391. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 90,718. MANAGEMENT AND GENERAL EXPENSES 178,715. FUNDRAISING EXPENSES 62. TOTAL EXPENSES 269,495.