ILLUMINATING FUTURE FOUNDATION INC

EIN: 931606332 501(c)(3) Public & Societal Benefit

AUSTIN, TX

Total Revenue
$216,762
Total Expenses
$202,952
Total Assets
$13,811
Net Assets
$13,811
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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
2023
Legal Domicile
TX
Principal Officer
JUSTIN LAPREE
Phone
5124266768
Tax Period
2024-01-01 to 2024-12-31

ILLUMINATING FUTURE FOUNDATION INC, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $217K in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. Expenses of $203K left a modest 6% surplus.

Mission

FUNDING FOR VETERANS AND FIRST RESPONDERS IN NEED OF SCHOLORSHIPS

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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 $216,762
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $216,762

Expense Breakdown

Grants Paid $151,877
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $202,171
Other Expenses $51,075
TOTAL EXPENSES $202,952

Year-over-Year Comparison

2024 2023 Change
Revenue $216,762 $80,000 +1.7%
Expenses $202,952 $79,999 +1.5%
Net Income $13,810 $1 +13809.0%
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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN LAPREE CHAIRMAN 10.00
Officer Director
$0 $0 $0
IAN BENOUIS DIRECTOR 10.00
Director
$0 $0 $0
GREG LAKE DIRECTOR 10.00
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
2024 $216,762 $202,952 $13,811 $13,810
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