Montlake Futures Fund
Montlake Futures Fund reported $44.3 million in revenue and $44.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $98.86 went to program services, $0.33 to management and general costs and $0.81 to fundraising. Its largest source of revenue was contributions and grants: 100.1% of the total. The highest compensation it reported for one person was $326,124 (EXECUTIVE DIRECTOR). 1 person received more than $100,000 in reportable compensation. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $44MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $44MInvestment income was negative: −$37,652. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $326,124 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.73% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseOur primary program is purchasing the name, image, and likeness rights of student-athletes and allocating those rights to 501(c)(3) nonprofit organizations for the purpose of benefitting their missions. Program expenses enabled work to fundraise, generate awareness, and otherwise support organizations such as seattle children's hospital and boys and girls club of king county
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 26.00 hrs/week | $319,053 | $0 | $7,071 | $326,124 |
1 people received more than $100,000 in reportable compensation from Montlake Futures Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $319K (Part IX, line 5).
4 filings since FY2022 (8 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52
- Volunteers Part I, line 64
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| GREAT OSOBOR Appearance fees | $775,500 |
| DAISY02 LLC Appearance fees | $615,000 |
| TECH 9 Appearance fees | $366,250 |
| MULCAHY ENTERPRISES Appearance fees | $357,143 |
Individuals listed as contractors are left out. 30 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Montlake Futures Fund totaling $153K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Montlake Futures Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Montlake Futures Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Montlake Futures Fund spent in FY2025, $98.86 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Williston Northampton SchoolEasthampton, MA · revenue $44M · programs 79.7% · FY2025
- Ohio Connections AcademyMason, OH · revenue $44M · programs 98.6% · FY2025
- Euphemia L Haynes Public Charter SchoolWashington, DC · revenue $44M · programs 94.5% · FY2025
- Isidore Newman SchoolNew Orleans, LA · revenue $45M · programs 79.4% · FY2025
- Institute for Shipboard EducationFort Collins, CO · revenue $44M · programs 85.0% · FY2025
Questions people ask
How much of Montlake Futures Fund's spending goes to programs?
In the fiscal year ending June 30, 2025, Montlake Futures Fund reported that 98.9% of its $44.4 million in expenses went to program services, 0.3% to management and general and 0.8% to fundraising (Form 990, Part IX).
How much does Montlake Futures Fund pay its top executive?
The largest total compensation Montlake Futures Fund reported for one person in the fiscal year ending June 30, 2025 was $326,124, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Montlake Futures Fund get its money?
Of $44.3 million in revenue in the fiscal year ending June 30, 2025, 100.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Montlake Futures Fund a registered charity?
The IRS lists EIN 87-3396900 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611359349311776 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349308922 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349316405 · read the filing
- FY2022 (8 mo.): Form 990 for the 8-month short period ending June 30, 2022, object 202331349349300523 · read the filing
All filings for EIN 87-3396900: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.