PARTNERSHIP FOR THE FUTURE

EIN: 311482889 501(c)(3) Philanthropy & Grantmaking

GLEN ALLEN, VA

Total Revenue
$1,569,808
Total Expenses
$1,715,453
Total Assets
$1,469,490
Net Assets
$1,430,972
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
DIONNE W HENDERSON
Phone
8049651769
Tax Period
2023-01-01 to 2023-12-31

PARTNERSHIP FOR THE FUTURE, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $892K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $221K, a strong 25% operating margin.

Mission

PARTNERSHIP FOR THE FUTURE EQUIPS HIGH ACHIEVING HIGH SCHOOL STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,505,819
Program Service Revenue $0
Investment Income $53,321
Other Revenue $10,668
TOTAL REVENUE $1,569,808

Expense Breakdown

Grants Paid $170,893
Salaries & Benefits $831,468
Fundraising Expenses $235,359
Program Expenses $1,090,691
Other Expenses $713,092
TOTAL EXPENSES $1,715,453

Year-over-Year Comparison

2023 2022 Change
Revenue $1,569,808 $1,199,588 +0.3%
Expenses $1,715,453 $1,560,083 +0.1%
Net Income $-145,645 $-360,495 -0.6%
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

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Governance

Voting Members
17
Independent Members
17
Employees
162
Volunteers
264

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
4
$146,769
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BRACE DIRECTOR 2.00
Director
$0 $0 $0
FRANK MOUNTCASTLE DIRECTOR 2.00
Director
$0 $0 $0
JIM PROFERES DIRECTOR 2.00
Director
$0 $0 $0
FRAN RANDALL DIRECTOR 2.00
Director
$0 $0 $0
DAVID WALKER DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM WIRTHMAN DIRECTOR 2.00
Director
$0 $0 $0
AUSTIN WELDER IMMEDIATE PAST CHAIR 2.00
Director
$0 $0 $0
JOI DEAN CHAIRWOMAN 2.00
Officer Director
$0 $0 $0
JAVONA BRAXTON SECRETARY 2.00
Officer Director
$0 $0 $0
BRIAN ROUNNAU TREASURER 2.00
Officer Director
$0 $0 $0
LEONDA JIGGETTS DIRECTOR 2.00
Director
$0 $0 $0
DERRICK JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
APRIL JONES DIRECTOR 2.00
Director
$0 $0 $0
FRANK CHIP MILLER DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL PENA DIRECTOR 2.00
Director
$0 $0 $0
TRAVIS PEARSON DIRECTOR 2.00
Director
$0 $0 $0
DIONNE W HENDERSON PRESIDENT & CEO 45.00
Officer
$146,769 $0 $146,769
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 $1,569,808 $1,715,453 $1,469,490 $-145,645
2022 $1,199,588 $1,560,083 $1,622,212 $-360,495
2021 $1,125,328 $1,092,814 $1,954,717 $32,514
2020 $794,836 $674,403 $1,956,307 $120,433
2019 $1,002,356 $826,699 $1,811,470 $175,657
2018 $891,876 $671,034 $1,639,075 $220,842
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