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Education : Scholarship and Financial Support (Grantmaking)

Futures in Education

Changing lives through the gift of education

three stars

87.25

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

Board Leadership
Robert B. Catell
Chairman

CEO
John Notaro
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 87.25 three stars
  Financial 90.00 four stars
  Accountability & Transparency 85.00 three stars
This rating was published 04/01/2019 and includes data from FY2017, 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.

Impact Information

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Financial

four stars

90.00

Accountability & Transparency

three stars

85.00

This rating was published 04/01/2019 and includes data from FY2017, 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)
90.1%
  Administrative Expenses 4.5%
  Fundraising Expenses 5.2%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 1.00
  Program Expenses Growth -2.7%
  Liabilities to Assets 13.4%
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) 87.25 three stars
Point Foundation (CA) 87.42 three stars
Daniel Murphy Scholarship Fund (IL) 90.96 four stars
Take Stock in Children Palm Beach County (FL) 91.59 four stars
Take Stock in Children (FL) 87.88 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,049,269
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,036,788
   Related Organizations $0
   Government Grants $0
Total Contributions $7,086,057
   Program Service Revenue $0
Total Primary Revenue $7,086,057
   Other Revenue $139,151
TOTAL REVENUE $7,225,208
   
EXPENSES  
   Program Expenses $6,621,945
   Administrative Expenses $402,212
   Fundraising Expenses $430,362
TOTAL FUNCTIONAL EXPENSES $7,454,519
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-229,311
   
Net Assets $11,585,983

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 $3,014,507 45.5%
Bishop's Scholarship Program $2,363,648 35.7%
Be an Angel to a Student Program $1,243,790 18.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 04/01/2019 87.25 three stars
2016-12 06/01/2018 88.22 three stars
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, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
Compensation % of Expenses Paid to Title
$81,056 1.08% John Notaro Acting Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Futures in Education (NY) 87.25 three stars
ACCESS College Foundation (VA) 93.38 four stars
The Posse Foundation (NY) 89.18 three stars
The College Crusade of Rhode Island (RI) 89.11 three stars
Hispanic Scholarship Fund (CA) 91.21 four stars

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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

CEO

John Notaro
Executive Director

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