Future Majority Inc

Nonprofit profile at a glance

EIN
611871761
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
5027622063
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$17,337,091
Expenses
$14,569,046
Assets
$3,480,591
Liabilities
$575

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

Leadership & pay

3 people listed

Executive titles in this filing

  • MARK RIDDLE (PRESIDENT & CEO (SEE SCHED L))

Highest reported compensation

  • MATTHEW TOMPKINS (TREASURER, CFO & DIR.): $198,000 total reported compensation

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

Overview

Mission

Future majority (fm) is a strategy center dedicated to building freedom, a fair shot, and the future for every american.

What it reported doing in 2024

Public education campaigns & communications: future majority continued to engage the general public and leaders by communicating through public media to educate americans on issues that impact their lives. Key issues include healthcare affordability thru pbm, financial freedom, cost of living, voting rights and democracy.below are the campaigns: america is calling vote a public education program to education under 40 voters on issues affecting them during the 2024 elections with regards to voting rights and democracy. The let's vote campaign a non-partisan civic engagement campaign to educate all voters regardless of political party on issues such as financial freedom and cost of living and urging them to execerise their right to vote.healthcare issue advocacy a public education campaign on federal policies to lower healthcare costs and patient savings by requiring insurance companies and pbms to pass health savings on to patients. Advocating for legislation: s. 2973 and s. 3430future majority communicated with the public through digital media channels to educate americans about these issues.

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 95% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 79
  • Accountability: 26
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.4%; rating input score 82
  • Program expense ratio: 98%; rating input score 98
  • Fundraising efficiency: $169.42 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 15.2% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 14.6% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 27.1% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 82.4% of revenue deployed · 98% of spending went to programs
  • Governance: 0 of 3 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $14.3M in reported program spending
  • Leadership: top reported pay $198K · 3 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $4M reported
  • Consistency: 21 of 21 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • 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 — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.