INNOVATIVE FUTURE COLLECTIVE

EIN: 994968226 501(c)(3) Science & Technology

WASHINGTON, DC

Total Revenue
$585,000
Total Expenses
$417,823
Total Assets
$156,271
Net Assets
$156,271
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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
2024
Legal Domicile
DE
Principal Officer
ASHLEY KENNEDY
Phone
2025465004
Tax Period
2025-01-01 to 2025-12-31

INNOVATIVE FUTURE COLLECTIVE, founded in 2024, is a small nonprofit in the Science & Technology sector that reported $585K in total revenue in fiscal year 2025. The organization ran a surplus of $167K, a strong 29% operating margin.

Mission

THE PURPOSE OF INNOVATIVE FUTURE COLLECTIVE (IFC) IS BE A NONPARTISAN FORUM TO EDUCATE THE PUBLIC AND POLICYMAKERS ABOUT ARTIFICIAL INTELLIGENCE, ITS APPLICATIONS ACROSS INDUSTRIES, AND ITS IMPLICATIONS FOR OUR FUTURE. IFC'S MISSION IS TO PROVIDE EDUCATIONAL OPPORTUNITIES THAT ARE DYNAMIC, HANDS-ON, AND GROUNDED IN REAL-WORLD EXAMPLES.

Program Service Accomplishments

Program 1
Expenses: $132,232

EDUCATIONAL AND PROFESSIONAL DEVELOPMENT TRAVEL WHEREBY IFC ORGANIZES TRIPS FOR AI EXPERTS, AI BUSINESSES, AND POLICY MAKERS TO SHOWCASE THE ADVANCEMENTS AND USES OF AI TECHNOLOGY ACROSS RESEARCH...

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EDUCATIONAL AND PROFESSIONAL DEVELOPMENT TRAVEL WHEREBY IFC ORGANIZES TRIPS FOR AI EXPERTS, AI BUSINESSES, AND POLICY MAKERS TO SHOWCASE THE ADVANCEMENTS AND USES OF AI TECHNOLOGY ACROSS RESEARCH, BUSINESS, AND GOVERNMENT SECTORS.

Program 2
Expenses: $67,258

EDUCATIONAL AI TECHNOLOGY SHOWCASES AND COLLABORATION OPPORTUNITIES WHEREBY IFC ORGANIZES EVENTS IN WASHINGTON, DC, AND OTHER LOCATIONS AROUND THE COUNTRY, FOR AI EXPERTS AND AI BUSINESSES TO CONNECT...

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EDUCATIONAL AI TECHNOLOGY SHOWCASES AND COLLABORATION OPPORTUNITIES WHEREBY IFC ORGANIZES EVENTS IN WASHINGTON, DC, AND OTHER LOCATIONS AROUND THE COUNTRY, FOR AI EXPERTS AND AI BUSINESSES TO CONNECT WITH THE PUBLIC AND POLICY MAKERS.

Program 3
Expenses: $8,859

EDUCATIONAL SERIES FOR THE PUBLIC AND POLICY MAKERS WHEREBY SUBJECT MATTER EXPERTS IN DC ARE FEATURED ON A REGULAR BASIS TO EDUCATE REGARDING AI ISSUES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $585,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $585,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $73,165
Program Expenses $208,349
Other Expenses $362,323
TOTAL EXPENSES $417,823

Year-over-Year Comparison

2025 2024 Change
Revenue $585,000 N/A N/A
Expenses $417,823 N/A N/A
Net Income $167,177 $0 N/A
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
4
Independent Members
2
Employees
N/A
Volunteers
2

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY KENNEDY FOUNDER/PRESIDENT 10.00
Officer Director
$0 $0 $0
TONYA FULKERSON FOUNDER/BOARD MEMBER 10.00
Director
$0 $0 $0
ELIZABETH JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER POERSCH BOARD MEMBER 1.00
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 $585,000 $417,823 $156,271 $167,177
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