Disable all preview features

Education : Scholarship and Financial Support (Grantmaking)

Futures in Education

Changing lives through the gift of education

three stars

89.94

243 Prospect Park West Brooklyn, NY 11215
tel: (718) 965-7308   Web Site
EIN: 20-5496382

Board Leadership
Robert B. Catell
Chairman

  Score
(out of 100)
Rating
Overall Score & Rating 89.94 three stars
  Financial 97.50 four stars
  Accountability & Transparency 86.00 three stars
This rating was published 08/01/2017 and includes data from FY2015, the most recent 990 received at that time.

The mission of Futures in Education is to ensure that the gift of an excellent Catholic education continues to be a viable option for current and future generations of deserving students in Brooklyn and Queens. We provide assistance to the neediest of those students, through endowment funds and fundraising programs that focus on key educational priorities: scholarship and tuition assistance, programmatic support, alumni outreach and school fundraising program, and capital improvements.

The mission of Futures in Education is to ensure that the gift of an excellent Catholic education continues to be a viable option for current and future generations of deserving students in Brooklyn and Queens. We provide assistance to the neediest of those students, through endowment funds and fundraising programs that focus on key educational priorities: scholarship and tuition assistance, programmatic support, alumni outreach and school fundraising program, and capital improvements.

Results Information

Looking for Results Data?

Charity Navigator is collaborating with GuideStar, Classy, and GlobalGiving, to display impact-related information for rated nonprofits. However, not all rated nonprofits have provided results information yet. Each of these partners has supplied Charity Navigator with the results information they receive directly from nonprofits. Submissions must be made on our partner's websites and we plan to update the display of this information regularly.

If you are interested in seeing this charity provide its results information, please click below. Note, this is simply an indication of your interest.

Financial

four stars

97.50

Accountability & Transparency

three stars

86.00

This rating was published 08/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
88.7%
  Administrative Expenses 5.6%
  Fundraising Expenses 5.6%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 0.90
  Program Expenses Growth 21.2%
  Liabilities to Assets 4.8%
All data for Financial Performance Metrics calculations was provided by Futures in Education on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Futures in Education on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Futures in Education (NY) 89.94 three stars
Asian & Pacific Islander American Scholarship Fund (DC) 93.69 four stars
Inner-City Scholarship Fund (NY) 90.11 four stars
Student Sponsor Partners (NY) 91.16 four stars
Thanks USA (VA) 87.62 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $8,432,616
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,271,522
   Related Organizations $0
   Government Grants $0
Total Contributions $9,704,138
   Program Service Revenue $0
Total Primary Revenue $9,704,138
   Other Revenue $-81,726
TOTAL REVENUE $9,622,412
   
EXPENSES  
   Program Expenses $7,018,262
   Administrative Expenses $346,867
   Fundraising Expenses $384,550
TOTAL FUNCTIONAL EXPENSES $7,749,679
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,872,733
   
Net Assets $11,460,087

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Diocese of Brooklyn Scholarship Program $3,534,837 50.4%
Bishop's Scholarship Program $2,165,538 30.9%
Be an Angel to a Student Program $1,292,396 18.4%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-12 08/01/2017 89.94 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 20-5496382
Name in IRS Master File FUTURES IN EDUCATION
NTEE Code B12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 2007
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

We invite you to share your opinions, thoughts, experiences, and stories about this charity here to help inform the decisions of other donors.  
Need more help getting started? Check out our FAQs.
 
This tool is not for questions about Charity Navigator, such as how we derived this charity’s rating. We will happily answer those questions if you contact us directly. Likewise, if you have questions for this charity, then we encourage you to contact the charity directly (we include the charity’s contact information in the upper left-hand corner of this page) since few charities regularly monitor this commenting tool.

Compensation % of Expenses Paid to Title
$61,220 0.78% John Notaro Acting Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Futures in Education (NY) 89.94 three stars
The Posse Foundation (NY) 90.73 four stars
Children's Scholarship Fund Philadelphia (PA) 97.17 four stars
Mitchell Institute (ME) 91.88 four stars
Evans Scholars Foundation (IL) 91.60 four stars

Compare These Charities (Highly Rated)

Are you the representative for this organization? If so, click here to access the application form. As an official representative you will have the ability to update some of the information on this page.

Charity Contact Info

Futures in Education
243 Prospect Park West
Brooklyn, NY 11215
tel: (718) 965-7308
EIN: 20-5496382

Visit Web Site

Board Leadership

Robert B. Catell
Chairman

Join Our Mailing List

Join over 400,000 other informed givers and get updates on charity ratings, new features, hot topics, and tips for donating.