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Futernick Family Foundation Inc

  • Miami, FL
  • Tax-exempt since July 1989
  • EIN: 65-0078657

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$47.4k (2023)

Expenses
$275k (2023)

Total Assets
$4.31M (2023)

Total Liabilities
$4.21k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,425
Expenses
$275,234
Net Income
-$227,809
Net Assets
$4,307,723
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $191,212
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$162,583
Net Inventory Sales $0
Other Revenue $18,796
39.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,311,933
Total Liabilities $4,210
Net Assets $4,307,723
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Solomon (Board Member) $0 $590,357 $279,869
Scott Kaplan (Secretary) $0 $211,099 $20,694
Morris Futernick (President) $0 $0 $0
Frank Futernick (Vice President) $0 $0 $0
Lee Futernick (Treasurer) $0 $0 $0
Cathie Futernick (Board Member) $0 $0 $0
Jeff Futernick (Board Member) $0 $0 $0
Mikki Futernick (Board Member) $0 $0 $0
Gary Gerson (Board Member) $0 $0 $0
Fred Hirt (Board Member) $0 $0 $0
Norman Lipoff (Board Member) $0 $0 $0
Gail Newman (Board Member) $0 $0 $0
David Schwartz (Board Member) $0 $0 $0
Andy Sklawer (Board Member) $0 $0 $0
Jerry Sokol (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$158,200
Expenses
$311,854
Net Income
-$153,654
Net Assets
$4,213,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $100,879
63.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$16,434
Net Inventory Sales $0
Other Revenue $73,755
46.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,216,171
Total Liabilities $3,140
Net Assets $4,213,031
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Solomon (Board Member) $0 $590,001 $293,245
Scott Kaplan (Secretary) $0 $206,208 $19,176
Morris Futernick (President) $0 $0 $0
Frank Futernick (Vice President) $0 $0 $0
Lee Futernick (Treasurer) $0 $0 $0
Cathie Futernick (Board Member) $0 $0 $0
Jeff Futernick (Board Member) $0 $0 $0
Mikki Futernick (Board Member) $0 $0 $0
Gary Gerson (Board Member) $0 $0 $0
Fred Hirt (Board Member) $0 $0 $0
Norman Lipoff (Board Member) $0 $0 $0
Gail Newman (Board Member) $0 $0 $0
David Schwartz (Board Member) $0 $0 $0
Andy Sklawer (Board Member) $0 $0 $0
Jerry Sokol (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$104,508
Expenses
$291,217
Net Income
-$186,709
Net Assets
$4,883,532
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $67,457
64.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,840
Net Inventory Sales $0
Other Revenue $45,891
43.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,885,602
Total Liabilities $2,070
Net Assets $4,883,532
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cathie Futernick (Board Member) $0 $0 $0
Frank Futernick (Vice President) $0 $0 $0
Gail Newman (Board Member) $0 $0 $0
Gary Gerson (Board Member) $0 $0 $0
Lee Futernick (Treasurer) $0 $0 $0
Jerry Sokol (Board Member) $0 $0 $0
Mikki Futernick (Board Member) $0 $0 $0
Morris Futernick (President) $0 $0 $0
Norman Lipoff (Board Member) $0 $0 $0
Jeff Futernick (Board Member) $0 $0 $0
David Schwartz (Board Member) $0 $0 $0
Fred Hirt (Board Member) $0 $0 $0
Andy Sklawer (Board Member) $0 $0 $0
Jacob Solomon (Board Member) $0 $560,352 $249,467
Scott Kaplan (Secretary) $0 $203,234 $17,577
+ View more people

Document Links

990
Filed on May 17, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$242,214
Expenses
$327,830
Net Income
-$85,616
Net Assets
$4,947,020
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $109,222
45.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $62,158
25.7%
Net Inventory Sales $0
Other Revenue $70,834
29.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,948,020
Total Liabilities $1,000
Net Assets $4,947,020
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cathie Futernick (Board Member) $0 $0 $0
Frank Futernick (Vice President) $0 $0 $0
Gail Newman (Board Member) $0 $0 $0
Gary Gerson (Board Member) $0 $0 $0
Lee Futernick (Treasurer) $0 $0 $0
Jerry Sokol (Board Member) $0 $0 $0
Mikki Futernick (Board Member) $0 $0 $0
Morris Futernick (President) $0 $0 $0
Norman Lipoff (Board Member) $0 $0 $0
Jeff Futernick (Board Member) $0 $0 $0
David Schwartz (Board Member) $0 $0 $0
Fred Hirt (Board Member) $0 $0 $0
Andy Sklawer (Board Member) $0 $0 $0
Jacob Solomon (Board Member) $0 $551,388 $269,718
Stephen Lande (Secretary, Former) $0 $166,453 $9,935
Scott Kaplan (Secretary) $0 $105,264 $12,919
+ View more people

Document Links

990
Filed on May 5, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,212,072
Expenses
$308,156
Net Income
$903,916
Net Assets
$5,431,773
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,005,000
82.9%
Program Services $0
Investment Income $107,809
8.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $24,442
2.0%
Net Inventory Sales $0
Other Revenue $74,821
6.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,432,773
Total Liabilities $1,000
Net Assets $5,431,773

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$229,166
Expenses
$271,315
Net Income
-$42,149
Net Assets
$4,416,260
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $98,018
42.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $63,697
27.8%
Net Inventory Sales $0
Other Revenue $67,451
29.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,418,330
Total Liabilities $2,070
Net Assets $4,416,260

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,409,275
Expenses
$235,845
Net Income
$1,173,430
Net Assets
$4,424,220
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,250,000
88.7%
Program Services $0
Investment Income $57,389
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $19,867
1.4%
Net Inventory Sales $0
Other Revenue $82,019
5.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,425,220
Total Liabilities $1,000
Net Assets $4,424,220

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$163,628
Expenses
$211,077
Net Income
-$47,449
Net Assets
$3,099,932
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $89,707
54.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $29,142
17.8%
Net Inventory Sales $0
Other Revenue $44,779
27.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,105,072
Total Liabilities $5,140
Net Assets $3,099,932

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$220,190
Expenses
$228,098
Net Income
-$7,908
Net Assets
$3,189,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
2.3%
Program Services $0
Investment Income $50,096
22.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $90,567
41.1%
Net Inventory Sales $0
Other Revenue $74,527
33.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,193,409
Total Liabilities $4,140
Net Assets $3,189,269

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$168,862
Expenses
$193,347
Net Income
-$24,485
Net Assets
$3,330,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,118
1.8%
Program Services $0
Investment Income $48,697
28.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $36,395
21.6%
Net Inventory Sales $0
Other Revenue $80,652
47.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,333,342
Total Liabilities $3,140
Net Assets $3,330,202

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$186,267
Expenses
$203,654
Net Income
-$17,387
Net Assets
$3,175,409
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
0.5%
Program Services $0
Investment Income $53,407
28.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $58,359
31.3%
Net Inventory Sales $0
Other Revenue $73,501
39.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,177,549
Total Liabilities $2,140
Net Assets $3,175,409

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$82,524
Expenses
$210,026
Net Income
-$127,502
Net Assets
$3,336,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
1.2%
Program Services $0
Investment Income $51,919
62.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$51,047
Net Inventory Sales $0
Other Revenue $80,652
97.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,337,151
Total Liabilities $1,070
Net Assets $3,336,081

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$383,231
Expenses
$199,500
Net Income
$183,731
Net Assets
$3,529,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $47,668
12.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $242,758
63.3%
Net Inventory Sales $0
Other Revenue $92,805
24.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,530,728
Total Liabilities $1,070
Net Assets $3,529,658

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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