Kindred Futures Inc

What it reported doing in 2024

Our impact since 2018: $86,050,499 leveraged & influenced for the atlanta community economic development and small business ecosystem$2,783,740 in strategic partnerships, grants, loans & technical assistancelead.build.investblack wealth unlocked: in 2024, kindred futures continued its black wealth unlocked podcast which delves deep into conversations with thought leaders, entrepreneurs, financial experts, and community activists who are making waves in the black wealth movement. Season two explored and celebrated the power of black wealth, sharing stories, insights, and strategies for building and unlocking economic prosperity within black communities. Hosts dr. Janelle williams, kim addie and dr. Alex camardelle were joined by thought leaders, entrepreneurs, community activists and mission-aligned partners from the atlanta black chambers, alanta business league, runway, and step up savannah to discuss what is needed to define, design, and implement inclusive and equitable community wealth-building strategies that promote freedom.kindred futures policy influence: kindred futures co-led the introduction of Georgia's first statewide baby bonds legislation, alongside the Georgia resilience and opportunity fund. Kindred's early efforts also helped encourage municipal government policymakers to explore baby bonds at the local level, in atlanta and in cities in other states.standing on business brief: kindred's "standing on business" brief proposed solutions to protect affordable commercial spaces for black businesses in atlanta, and one of those solutions was the creation of a legacy business program. On the heels of the brief's release, atlanta city council passed a legacy business program ordinance, which was signed by the mayor. The policy's implementing department, invest atlanta, invited kindred to help advise on the implementation of the program with a focus on legacy businesses in historically black neighborhoods. The legislation sets up a $900,000 fund that would help local institutions with storefront upgrades and more.strategic partnerships: to advance our strategic priorities, kindred futures effectively and transparently has evolved from a small grantmaking strategy to a more thoughtful and strategic alignment with programmatic, investment/grantmaking partners.1. Stepup savannah: last year, kindred futures and step up savannah launched a formal partnership to support a business service cooperative which will bolster the small business ecosystem in advancing economic mobility through a shared ownership model. Through this groundbreaking collaboration, kindred provides planning resources to support step up savannah's co-design process which engages community leaders, and mission-aligned and strategic partners. The planning process is aimed at producing a shared-ownership model that will benefit a collective of local non-profits and historically disinvested businesses.2. Village micro fund (vmf) is a community-based organization focused on building black economic power and ownership in atlanta. In 2024, kindred futures supported vmf's community dao (decentralized autonomous organization), a digital governance platform that enables residents to collectively propose, vote on, and implement local economic initiatives. Using blockchain technology, the process of recording transactions and tracking assets in a business network, residents can organize their neighborhood and create proposals, vote, and decide for themselves how their neighborhood is developed for a happier, healthier and more engaged community.3. To help close the gap on the pronounced lack of access to capital for missing middle businesses, we partnered with resilia for a capacity building cohort designed to disrupt this pattern by empowering organizations with the essential resources to subsequently enhance small business support. How well did we do? Capacity and skill building: 48% increase in knowledge and capabilities through 13 completed courses. (pending c

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 76%; rating input score 76
• Fundraising efficiency: $14.64 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • 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: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -36.4%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 0.95; rating input score 35; 35th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 66; 66th percentile among comparable filings
• Officer compensation ratio: 23.5%; rating input score 9; 9th percentile among comparable filings

Growth

• Program expense growth: 31.5% per year; rating input score 100; 93rd percentile among comparable filings
• Revenue growth: 28% per year; rating input score 100; 93rd percentile among comparable filings
• Asset growth: 32.6% per year; rating input score 100; 94th percentile among comparable filings