Future Generations Graduate School and Future Generations operate as two legally separate organizations:
- 501(c)(3) non-profit graduate school (EIN 20-4093450)
- 501(c)(3) non-profit organization (EIN 54-1651305)
Although these organizations have separate operating budgets, they have a common mission and share the same international headquarters and administrative support staff.
Our work is supported through a modest but healthy endowment and generous annual donations from private philanthropists, foundations, and government agencies. Our administrative costs rarely exceed 18% of our annual budget to ensure that funds support real projects and education for real people in critical regions worldwide.
In fiscal year ending June 30, 2010, our support service costs (administrative and fundraising) accounted for 28% of our total expenditures, a consequence of increasing our leadership base, concluding major grants, and securing new funds late in the fiscal year. In 2011, with significant programmatic growth, we are on course to return to a ratio of program activities/support services closer to 83/17, consistent with the average we achieved between 2007 and 2009.
2010 Fund Allocation: Based on Future Generations Audit for
Fiscal Year Ending June 30, 2010
Both organizations are governed by separate Boards of Trustees that meet twice a year. Board finance committees meet regularly.
Future Generations and the Future Generations Graduate School are audited annually by Martin, Beachy & Arehart, PLLC of Harrisonburg, Virginia.
Finances are managed by the institution's comptroller, Randall A. Brandt, a Certified Public Account.
For more information on our programmatic activities and to see a financial summary report based on our audited financial statements from fiscal year ending June 30, 2010, please download our attached 2010 Annual Report.
|FutureGenerations Annual Report 2010.pdf||1.27 MB|