Future 49 Inc

Nonprofit profile at a glance

EIN
993980529
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Beverly, MA, USA
Phone
6172314328
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$567,503
Expenses
$108,930
Assets
$468,573
Liabilities
$10,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JUSTIN LARKIN (DIRECTOR, PRESIDENT)
  • BOB GRIFFIN (DIRECTOR, VICE PRESIDENT)

People named in this filing

  • JUSTIN LARKIN (DIRECTOR, PRESIDENT)
  • BOB GRIFFIN (DIRECTOR, VICE PRESIDENT)
  • JOHN WOOD (DIRECTOR, SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Future 49 is a 501(c)(4) created in Alaska, by alaskans, whose core mission is to:1. Promote alaskan economic, energy, natural resources, and policy priorities nationwide;2. Elevate conservative principles and initiatives that have been successfully instituted in Alaska;3. Educate americans and key thought leaders in the lower 48 on the significant national security role and impact Alaska has on the whole nation

What it reported doing in 2024

Future 49 inc promotes alaskan policies via events, digital advertising and social media, and polling.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 87
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 11.3%; rating input score 11
  • Program expense ratio: 58.8%; rating input score 59
  • Fundraising efficiency: $49.22 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 80.8%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 4.3; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 11.3% of revenue deployed · 58.8% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $64K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 2 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 11/100.
  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.