FUTURE PROBLEM SOLVING PROGRAM INTERNATIONAL INC

EIN: 421234706 501(c)(3)

INDIALANTIC, FL

Total Revenue
$1,425,088
Total Expenses
$1,384,724
Total Assets
$1,316,873
Net Assets
$820,059
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IA
Principal Officer
ARGEN HICKS
Phone
3217680074
Tax Period
2023-07-01 to 2024-06-30

FUTURE PROBLEM SOLVING PROGRAM INTERNATIONAL INC, founded in 1984, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

IN 2024, FUTURE PROBLEM SOLVING PROUDLY CELEBRATES 50 YEARS OF PLACING CLOSE TO A MILLION YOUNG PEOPLE AT THE CORE OF A DYNAMIC, PURPOSEFUL LEARNING EXPERIENCE. EACH YEAR K-12 STUDENTS FROM AROUND THE WORLD PARTICIPATE IN A VARIETY OF CHALLENGES DESIGNED TO EMPOWER AND GAIN THE SKILLS THEY NEED TO SUCCEED IN WORK AND LIFE. OUR PROGRAMS BUILD CONFIDENCE AND FOSTER STUDENT VOICES. CURIOUS YOUTH TO BECOME CHANGEMAKERS. PROBLEM SOLVERS LEARN HOW TO THINK, NOT WHAT TO THINK. FOUNDED BY DR. TORRANCE IN 1974, OUR PROGRAM INTEGRATES THE SIX-STEP CREATIVE PROBLEM-SOLVING PROCESS BY ALEX OSBORN AND SIDNEY PARNES WITH HIGH-INTEREST, FUTURISTIC TOPICS. WE OFFER FOUR ANNUAL PROGRAMS FOR BOTH TEAMS AND INDIVIDUALS. GLOBAL ISSUES: STUDENTS BECOME MINI-EXPERTS AND PREDICT POSSIBILITIES FOR THE FUTURE. COMMUNITY PROJECTS: STUDENTS LEARN TO TURN INTERESTS INTO ACTION AND CREATE LASTING CHANGE. CREATIVE WRITING: STUDENTS WRITE A CREATIVE, FUTURISTIC SCENARIO BASED ON A COMPETITION TOPIC. STORYTELLING: ST

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $126,308
Program Service Revenue $1,247,885
Investment Income $24,034
Other Revenue $26,861
TOTAL REVENUE $1,425,088

Expense Breakdown

Grants Paid $5,250
Salaries & Benefits $506,816
Fundraising Expenses $0
Program Expenses $1,313,661
Other Expenses $872,658
TOTAL EXPENSES $1,384,724

Year-over-Year Comparison

2023 2022 Change
Revenue $1,425,088 $1,218,517 +0.2%
Expenses $1,384,724 $1,213,505 +0.1%
Net Income $40,364 $5,012 +7.1%
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
10
Volunteers
151

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
$119,624
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARGEN HICKS PRESIDENT 20.00
Officer Director
$0 $0 $0
DYLAN SHERMAN TRUSTEE 12.00
Director
$0 $0 $0
LAUREL PETERSEN SECRETARY 5.00
Officer Director
$0 $0 $0
JULIE STYAN VICE PRESIDE 15.00
Officer Director
$0 $0 $0
SHEFA SIKDER TRUSTEE 5.00
Director
$0 $0 $0
APRIL MICHELE EXECUTIVE DI 40.00
Officer
$105,550 $14,074 $119,624
ERWIN HOSONA TREASURER 5.00
Officer Director
$0 $0 $0
CONNIE PHELPS TRUSTEE 5.00
Director
$0 $0 $0
AMANDA GENOVESE TRUSTEE 5.00
Director
$0 $0 $0
SUZANNE DIGBY TRUSTEE 5.00
Director
$0 $0 $0
JANET FITE TRUSTEE 5.00
Director
$0 $0 $0
ANN FOREYT TRUSTEE 5.00
Director
$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
2025 No data No data No data No data
2024 $1,425,088 $1,384,724 $1,316,873 $40,364
2023 $1,218,517 $1,213,505 $1,156,199 $5,012
2022 $877,143 $903,286 $892,107 $-26,143
2021 $667,206 $567,034 $909,085 $100,172
2020 $358,351 $777,057 $794,832 $-418,706
2019 $1,399,316 $1,367,857 $1,481,720 $31,459
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