Futurebound Foundation Inc
Nonprofit profile at a glance
- EIN
- 874401924
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Orlando, FL, USA
- Phone
- 0000000000
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $125,200
- Expenses
- $125,200
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- Marina Stoeva (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Futurebound Foundation Inc is organized exclusively for charitable and educational purposes under Section 501c3 of the Internal Revenue Code The Foundations primary exempt purpose is to promote access to performing arts education cultural enrichment and youth development through financial support of dance education and performance programs The Foundation provides full and partial scholarships to talented and hardworking students supports cultural and educational programming conducted through Kirova Dance Academy and promotes community engagement through the performing arts The Foundation is committed to increasing accessibility to high-quality performing arts instruction regardless of financial background and fostering discipline confidence creativity and excellence in youth through participation in the performing arts
What it reported doing in 2025
Futurebound Foundation Inc continued its charitable mission throughout 2025 by expanding access to performing arts education and supporting youth development through cultural enrichment programs across South Florida One of the Foundations primary accomplishments during the year was the awarding of full and partial annual scholarships to 18 talented and hardworking students pursuing dance education and competitive performance training These scholarships helped ensure that students from a variety of financial backgrounds could continue receiving high-quality instruction and participate in professional-level dance training and competitive arts programs Futurebound Foundation also provided financial and operational support for Kirova Dance Academy located in Hallandale Beach Florida This support included assistance with renovation and improvement efforts designed to enhance the educational environment and strengthen access to performing arts instruction in ballet contemporary ballroom hip hop and other dance disciplines In addition the Foundation provided sponsorship support to Stars Dance Academy located in Miami Florida helping further the availability of youth-focused dance and cultural programming within the South Florida community Through these charitable activities Futurebound Foundation continued advancing its mission of promoting cultural accessibility artistic excellence youth development and community engagement through the performing arts
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. 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: 6
- Transparency & Controls: 100
- Sustainability: 22
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.5%; rating input score 6
- Program expense ratio: 6.5%; rating input score 6
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 0%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 6.5% of revenue deployed · 6.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $8K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 6/100.
- High — Financial Efficiency: Program expense ratio scored 6/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.