Future Leaders of America Foundation Inc

Public charity · Grantmaker Chicago, IL EIN: 20-5095136

To provide summer educational programs for high school students which encourage students to explore their academic and career interests while developing leadership skills essential for their success.

Key facts about Future Leaders of America Foundation Inc

EIN
20-5095136
Latest 990 filing
Form 990-EZ, 2025
Total assets
$108,309

Data from IRS Form 990-EZ, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-EZ · View filing

Total Assets

$108K

-73.5% YoY

Revenue

$41K

-99.9% YoY

Expenses

$341K

-99.1% YoY

About Future Leaders of America Foundation Inc

Based on IRS filings

Future Leaders of America Foundation Inc is a public charity focused on Education, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $108K in total assets.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

ChicagoIowa CityMinneapolisRidgewood

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K5 grants2020 1 grant2021 Total only2022 Total only2023 Total only2024 0 grants2025

From 2020 to 2024, annual grant giving ranged from $10K (2021) to $225K (2020). In 2024 it reported $35K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$108,309$408,099$380,342
Revenue$41,349$37,313,917$36,580,687
Expenses$341,139$37,286,160$36,580,687
Net Investment Income—$93,813—

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS April 8, 2022)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS March 31, 2021)
  3. Added Form 990-EZ for fiscal year 2025 (received by the IRS May 15, 2026)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS July 24, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS May 22, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS March 5, 2025)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Future Leaders of America Foundation Inc is led by Michael Adams, Chairman on every filing since 2020; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Michael Adams

    Chairman

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Michael Bennett

    Secretary

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Kristina Duffy

    Vice Chairman

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Nathaniel Silver

    Treasurer

    On filings since 2023

    0.3 hrs/week

    No compensation reported

Former officers (1)
  • Former: Stephen McGue (2020–2022) — Treasurer

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Future Leaders of America Foundation Inc

How large is Future Leaders of America Foundation Inc?

Future Leaders of America Foundation Inc reported $108K in total assets on its 2025 IRS Form 990-EZ. Its revenue that year was $41K.

What is Future Leaders of America Foundation Inc?

Future Leaders of America Foundation Inc is a public charity focused on Education, based in Chicago, IL. It holds $108K in total assets as of 2025.

Where does Future Leaders of America Foundation Inc operate?

Future Leaders of America Foundation Inc has awarded grants in Iowa, Illinois, Minnesota, New Jersey.

What is Future Leaders of America Foundation Inc's EIN?

Future Leaders of America Foundation Inc's EIN (Employer Identification Number) is 20-5095136. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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