Overview
What is Futures In Education?
Futures In Education is a nonprofit organization based in Brooklyn, New York, specifically at 243 Prospect Park West, 11215. Their primary mission is to make a high-quality Catholic education accessible to families in financial need. They achieve this by offering partial scholarships to students in pre-K to 8th grade enrolled in Catholic grammar schools in Brooklyn and Queens. In fiscal year 2022, they aided 2,131 students with scholarships totaling $2,415,033. Their purpose extends beyond financial assistance, as they also aim to ensure a Catholic education remains an option for future generations in Brooklyn and Queens, regardless of a family's income or background. They accomplish this through endowment funds and fundraising programs focused on educational priorities.
Official website here: www.futuresineducation.org
What are the reviews and ratings of this charity?
97% - Four-Star out of Four Star Rating
Futures In Education has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has a perfect score in key areas such as having an independent board, well-documented financial statements, and no material diversions of assets. This indicates a high level of transparency and ethical governance, which is essential for fostering donor trust.
Strengths of Futures In Education include an impressive program expense ratio of 86.19%, showing that the majority of its funds are directed towards its educational initiatives. Additionally, the fundraising efficiency ratio of $0.06 demonstrates effective use of resources, allowing the charity to maximize its impact with minimal fundraising costs. The organization’s solid financial health is further evidenced by a working capital ratio of 1.48 years, ensuring its sustainability.
While the data showcases many strengths, no significant limitations were noted, which further emphasizes the organization's commitment to operational excellence. Overall, Futures In Education stands out as a credible nonprofit dedicated to its mission, with strong financial practices and a governance framework that prioritizes accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Futures In Education legitimate?
Futures In Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Futures In Education submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $19,215
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For more financial information, click here
Official website here: www.futuresineducation.org
What is the mission statement of Futures In Education?
Futures In Education's mission is focused on ensuring that a high-quality educational opportunity remains accessible to deserving students, regardless of their background or financial situation, in Brooklyn and Queens. The organization achieves this by offering endowment funds and participating in fundraising programs that prioritize crucial educational needs. These initiatives primarily focus on providing tuition assistance, supporting programs, and funding capital projects for the neediest Catholic elementary and secondary students and schools in these two boroughs. The vision of Futures In Education is to ensure that any student who aspires to receive a faith-based education in the Catholic tradition, regardless of their family's income or background, will have the opportunity to do so, maintaining the affordability of these schools for families within the diocese.
Official website here: www.futuresineducation.org
Who is the CEO of Futures In Education?
John Notaro is the Chairperson of Futures In Education.
Official website here: www.futuresineducation.org
What is the revenue of Futures In Education?
Futures In Education's revenue in 2022 was $8,418,003.
Official website here: www.futuresineducation.org
Who are the executives of Futures In Education and what are their salaries?
There 26 volunteers at Futures In Education.
Here are 29 key members and their salaries:
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Official website here: www.futuresineducation.org
Where can I find the form 990 for Futures In Education?
Futures In Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.futuresineducation.org
Learn more at the official website: www.futuresineducation.org
Mission Statement of Futures In Education
Futures In Education, a nonprofit organization, is committed to ensuring that the gift of a high-quality education remains a viable option for future generations of students in Brooklyn and Queens. The mission of Futures In Education is twofold. Firstly, it aims to provide supplemental funding for tuition assistance, program support, and capital projects to the neediest Catholic elementary and secondary students and schools in these two boroughs. This financial aid enables families, irrespective of their income, race, religion, or background, to afford a faith-based education in the Catholic tradition.
Secondly, Futures In Education envisions a future where any student in Brooklyn or Queens who desires a quality, faith-based education in the Catholic tradition can access it. By keeping schools affordable and available, the organization seeks to break down financial barriers and promote educational equality. In essence, Futures In Education is dedicated to supporting the education of deserving students, regardless of their religious denomination, ensuring that the gift of education continues to transform lives in Brooklyn and Queens.
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Impact
October, 2024
Futures In Education significantly impacts the community by providing access to high-quality Catholic education for families in Brooklyn and Queens, particularly those facing financial challenges. By offering partial scholarships to students enrolled in pre-K through 8th grade in Catholic grammar schools, the initiative helps to alleviate the financial burden of tuition costs.
In the fiscal year 2022 alone, Futures In Education awarded scholarships to 2,131 students, distributing a total of over $2.4 million. This support ensures that deserving students can pursue an education rooted in strong values and academic excellence, regardless of their family's financial situation, race, religion, or background.
The organization's commitment to maintaining and enhancing educational opportunities also extends to providing supplemental funding for program support and capital projects at schools. This multifaceted approach not only addresses immediate educational necessities but also contributes to the long-term viability and improvement of Catholic education in the region. As a result, Futures In Education plays a crucial role in shaping future generations by empowering them with the knowledge and values needed to succeed.
This information is meant to be a general summary of Futures In Education. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $546,999
- Gross Receipts: $9,744,477
Assets and Liabilities:
- Total Assets: $11,513,350
- Total Liabilities: $2,561,667
- Net Assets: $8,951,683
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Organization Details
Founding Year
2006
Phone
(718) 965-7308Principal Officer
John Notaro
Main Address
243 PROSPECT PARK WEST, BROOKLYN, NY, 11215
Website
www.futuresineducation.orgNTEE Category
Code: B12 - Education
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