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Education : Scholarship and Financial Support (Grantmaking)

Futures in Education

Changing lives through the gift of education

three stars

86.19

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 86.19 three stars
  Financial 87.50 three stars
  Accountability & Transparency 85.00 three stars
This rating was published 05/01/2020 and includes data from FY2018, 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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This impact information is current as of August 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

87.50

Accountability & Transparency

three stars

85.00

This rating was published 05/01/2020 and includes data from FY2018, 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)
90.2%
  Administrative Expenses 4.8%
  Fundraising Expenses 4.9%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 0.98
  Program Expenses Growth -2.5%
  Liabilities to Assets 7.6%
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) 86.19 three stars
Central Scholarship (MD) 94.65 four stars
NBCC Foundation (NC) 86.21 three stars
College Now Greater Cleveland (OH) 94.29 four stars
Astronaut Scholarship Foundation Inc. (FL) 87.07 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,350,409
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $875,480
   Related Organizations $0
   Government Grants $0
Total Contributions $7,225,889
   Program Service Revenue $0
Total Primary Revenue $7,225,889
   Other Revenue $213,771
TOTAL REVENUE $7,439,660
   
EXPENSES  
   Program Expenses $6,502,109
   Administrative Expenses $368,701
   Fundraising Expenses $276,378
TOTAL FUNCTIONAL EXPENSES $7,147,188
   
Payments to Affiliates $0
Excess (or Deficit) for the year $292,472
   
Net Assets $11,260,910

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 $2,794,749 43.0%
Bishop's Scholarship Program $2,431,231 37.4%
Be an Angel to a Student Program $1,276,129 19.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 05/01/2020 86.19 three stars
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 August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
None reported -- John Notaro Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Futures in Education (NY) 86.19 three stars
Hispanic Scholarship Fund (CA) 90.91 four stars
Sentinels of Freedom Scholarship Foundation (CA) 91.27 four stars
The Francis Ouimet Scholarship Fund (MA) 91.63 four stars
ACCESS College Foundation (VA) 89.91 three 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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