THE FOUNDATION FOR TOMORROW INC

EIN: 205970104 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$1,256,347
Total Expenses
$1,283,307
Total Assets
$158,521
Net Assets
$8,776
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Principal Officer
MILLER BIANUCCI
Phone
7043408969
Tax Period
2023-01-01 to 2023-12-31

THE FOUNDATION FOR TOMORROW INC, founded in 2006, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

THE FOUNDATION FOR TOMORROWS MISSION IS TO SECURE QUALITY EDUCATION AND EMOTIONAL SUPPORT FOR ORPHAN AND VULNERABLE CHILDREN SO THAT THEY MAY REACH THEIR FULL POTENTIAL AND THRIVE IN THEIR COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,206,720
Program Service Revenue $0
Investment Income $39
Other Revenue $49,588
TOTAL REVENUE $1,256,347

Expense Breakdown

Grants Paid $956,754
Salaries & Benefits $184,540
Fundraising Expenses $52,623
Program Expenses $1,142,404
Other Expenses $142,013
TOTAL EXPENSES $1,283,307

Year-over-Year Comparison

2023 2022 Change
Revenue $1,256,347 $1,185,688 +0.1%
Expenses $1,283,307 $1,510,144 -0.2%
Net Income $-26,960 $-324,456 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$92,042
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FALCONER ROBBINS WARREN CHAIR 2.00
Officer Director
$0 $0 $0
TIM WALTER TREASURER 2.00
Officer Director
$0 $0 $0
BETH WATSON SECRETARY 2.00
Officer Director
$0 $0 $0
LAUREN BOLSHAKOV BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE MCFADDEN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY MCCRYSTAL TERM ENDED BOARD MEMBER 1.00
Director
$0 $0 $0
MEGHANN GUNDERMAN SEHORN BOARD MEMBER 1.00
Director
$0 $0 $0
INYANG EBONG-HARSTRUP PHD-FORMER EXECUTIVE DI 40.00
Officer
$12,500 $0 $12,500
MILLER BIANUCCI EXECUTIVE DI 40.00
Officer
$79,542 $0 $79,542
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,256,347 $1,283,307 $158,521 $-26,960
2022 $1,185,688 $1,510,144 $189,632 $-324,456
2021 $986,786 $828,887 $414,246 $157,899
2020 $737,222 $836,065 $335,447 $-98,843
2019 $1,020,499 $701,074 $416,430 $319,425
2018 $610,159 $580,430 $66,238 $29,729
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