FutureHeights Inc

EIN: 341948426 501(c)(3) Arts, Culture & Humanities

Cleveland Heights, OH

Total Revenue
$401,408
Total Expenses
$375,071
Total Assets
$121,650
Net Assets
$87,633
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
Lee Chilcote
Phone
2163201423
Tax Period
2024-01-01 to 2024-12-31

FutureHeights Inc, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $401K in total revenue in fiscal year 2024. Expenses of $375K left a modest 7% surplus.

Mission

FutureHeights seeks to inspire and facilitate collaboration and empowerment across our communities to ensure a vibrant and sustainable future for Cleveland Heights and University Heights.

Program Service Accomplishments

Program 1
Expenses: $144,491

Community engagement: Crowdsourced Conversations: The Crowdsourced Conversations program engages residents in grassroots participatory discussions about issues in Cleveland Heights and University...

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Community engagement: Crowdsourced Conversations: The Crowdsourced Conversations program engages residents in grassroots participatory discussions about issues in Cleveland Heights and University Heights. The event turns the typical forum on its head through allowing participants to lead the conversations. At each crowdsourced conversation, participants and local civic leaders walk away better informed and with the tools they need to take action on issues they care about in their communities. Neighborhood Mini-Grants: The FutureHeights Neighborhood Mini-Grant program provides grants of up to $1,000 for resident-led projects that benefit Cleveland Heights and University Heights neighborhoods. The intention of the neighborhood mini-grant program is to offer support to Cleveland Heights and University Heights groups who wish to work together to start or sustain a neighborhood project or initiative. Past projects have included programs that support Cleveland Heights-University Heights students, community gardens, and more. Neighborhood Leadership Workshop Series: The Neighborhood Leadership Workshop Series is a free leadership development program for Cleveland Heights and University Heights residents and stakeholders. Participants develop strengths-based leadership skills and gain knowledge and tools to help make their community cohesive, safe and vibrant. Additionally, they build lifelong relationships through this cohort-model program. Our NLWS Alumni Association connects all program graduates and provides continued community-building opportunities, support systems, and connections that participants may enjoy for many years to come. Heights Observer The Heights Observer community newspaper and website is the embodiment of FutureHeights mission of civic engagement. Launched in 2008, the paper tells the communitys stories from the ground up, through the eyes of volunteer reporters. Every month, 6,000 free print copies are distributed through Cleveland Heights and University Heights neighborhood independent businesses and institutions, while the Heightsobserverorg website provides daily updates of local news and information.

Program 2
Expenses: $139,927

Local Business Support Best of the Heights Launched in 2005, Best of the Heights is an annual competition focused on honoring businesses in a variety of categories and highlighting their...

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Local Business Support Best of the Heights Launched in 2005, Best of the Heights is an annual competition focused on honoring businesses in a variety of categories and highlighting their contributions to the vitality of Cleveland Heights and University Heights. All nominees must be local, independent merchants. After nominations are complete, the results are tallied and competitors, winners and runners-up are invited to the annual Best of the Heights celebration. First place, second place and third place winners are also provided with stickers to post at their businesses. Heights Music Hop The Heights Music Hop is a free annual music festival that promotes local music, celebrates the diversity of Cleveland Heights and University Heights, and supports local businesses in our commercial districts. Launched in 2013 and now celebrating its 12th year, the festival has evolved into a premier celebration of the communitys diversity and authenticity. The overarching goal of the Heights Music Hop is to hire local artists to provide live music that drives visitor traffic to our local businesses, thereby enhancing the economic vitality of the area.

Program 3
Expenses: $43,983

Housing Revitalization: FutureHomes: FutureHeights recognizes that older homes are an asset to the city of Cleveland Heights. Our homes exhibit a variety of architectural styles and details not...

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Housing Revitalization: FutureHomes: FutureHeights recognizes that older homes are an asset to the city of Cleveland Heights. Our homes exhibit a variety of architectural styles and details not commonly found in other communities. These homes represent the times in which they were built and our history; they are a big part of what makes Cleveland Heights unique. Protecting these homes and showcasing their distinctive features is a goal of the FutureHomes program and central to our approach to housing renovations and improvements. Since 2018, the FutureHomes program has renovated and sold to owner-occupants more than 20 individual homes.

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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 (2024)

Revenue Breakdown

Contributions & Grants $247,176
Program Service Revenue $127,421
Investment Income $805
Other Revenue $26,006
TOTAL REVENUE $401,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,460
Fundraising Expenses $9,662
Program Expenses $328,401
Other Expenses $215,611
TOTAL EXPENSES $375,071

Year-over-Year Comparison

2024 2023 Change
Revenue $401,408 $378,629 +0.1%
Expenses $375,071 $573,095 -0.3%
Net Income $26,337 $-194,466 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
70

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harriet Applegate Director 3.00
Director
$0 $0 $0
Charita Boseman Director 3.00
Director
$0 $0 $0
Katherine Brown Director 3.00
Director
$0 $0 $0
Pat Jones Director 3.00
Director
$0 $0 $0
Alexander McEvoy Director 3.00
Director
$0 $0 $0
Alicia Stone Director 3.00
Director
$0 $0 $0
Matthew Wymer Director 3.00
Director
$0 $0 $0
Darren Cross Co-Chair 3.00
Officer
$0 $0 $0
Matt Gierke Co-Chair 3.00
Officer
$0 $0 $0
Matthew Katz Vice-Chair 3.00
Officer
$0 $0 $0
Melody Joy Joy Hart Interim Treasurer 3.00
Officer
$0 $0 $0
Kristine Pagsuyoin Previous Exec Dir 40.00
Officer
$0 $0 $0
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 $401,408 $375,071 $121,650 $26,337
2023 $378,629 $573,095 $112,350 $-194,466
2022 $535,640 $503,702 $269,663 $31,938
2021 $586,898 $462,307 $244,293 $124,591
2020 $389,637 $365,142 $110,452 $24,495
2019 $459,175 $467,368 $89,373 $-8,193
2018 $339,527 $330,164 $98,472 $9,363
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