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Education : Scholarship and Financial Support (Grantmaking)

Futures in Education

Changing lives through the gift of education

three stars

88.22

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 88.22 three stars
  Financial 87.50 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 06/01/2018 and includes data from FY2016, 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.

Financial

three stars

87.50

Accountability & Transparency

three stars

89.00

This rating was published 06/01/2018 and includes data from FY2016, 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)
90.4%
  Administrative Expenses 4.6%
  Fundraising Expenses 4.9%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 0.96
  Program Expenses Growth -2.1%
  Liabilities to Assets 11.5%
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) 88.22 three stars
10,000 Degrees (CA) 90.25 four stars
Simon Youth Foundation (IN) 85.83 three stars
District of Columbia College Access Program (DC) 86.75 three stars
North Carolina Agricultural Foundation (NC) 94.73 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $5,845,084
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,900,824
   Related Organizations $0
   Government Grants $0
Total Contributions $7,745,908
   Program Service Revenue $0
Total Primary Revenue $7,745,908
   Other Revenue $-170,303
TOTAL REVENUE $7,575,605
   
EXPENSES  
   Program Expenses $6,892,144
   Administrative Expenses $298,325
   Fundraising Expenses $379,844
TOTAL FUNCTIONAL EXPENSES $7,570,313
   
Payments to Affiliates $0
Excess (or Deficit) for the year $5,292
   
Net Assets $11,498,201

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 $3,070,541 44.6%
Bishop's Scholarship Program $2,431,772 35.3%
Be an Angel to a Student Program $1,389,831 20.2%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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

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).

Compensation % of Expenses Paid to Title
$64,789 0.85% John Notaro Acting Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Futures in Education (NY) 88.22 three stars
Seeds of Hope Charitable Trust (CO) 92.22 four stars
Children's Scholarship Fund Philadelphia (PA) 100.00 four stars
10,000 Degrees (CA) 90.25 four stars
American Indian College Fund (CO) 88.36 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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