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Nonprofiteer
← EDU FUTURO

Form 990 for tax year 2023

Filed by EDU FUTURO.

Totals

Total revenue
$4,695,785
Total expenses
$3,176,168
Contributions and grants received
$3,575,976
Grants paid
$611,767
Program service revenue
$1,133,614
Investment income
$1,684
Other revenue
-$15,489
Total assets, end of year
$2,456,914
Total liabilities, end of year
$240,826
Net assets or fund balances, end of year
$2,216,088
Program services expenses (Part IX)
$2,895,924
Management and general expenses
$149,906
Fundraising expenses
$130,338
Program service expenses (Part III)
$2,895,924

Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $62,192

  • 1e · Government grants (contributions)

    $932,210

  • 1f · All other contributions, gifts and grants

    $2,581,574

  • 1g · Noncash contributions included above

    $8,456

  • 2a · Program service revenue: CONTRACT REVENUE

    total $1,133,614 · related or exempt $1,133,614

  • 3 · Investment income

    total $1,684 · excluded $1,684

  • 8a · Fundraising events: gross income

    $16,571

  • 8a · Fundraising events: contributions included on line 1c

    $62,192

  • 8b · Fundraising events: direct expenses

    $32,060

  • 8c · Net income from fundraising events

    total -$15,489

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $611,767 · program services $611,767

  • 5 · Compensation of officers, directors and key employees

    total $158,174 · program services $110,722 · management and general $23,726 · fundraising $23,726

  • 7 · Other salaries and wages

    total $1,583,387 · program services $1,554,387 · management and general $21,146 · fundraising $7,854

  • 8 · Pension plan contributions

    total $37,200 · program services $35,567 · management and general $958 · fundraising $675

  • 9 · Other employee benefits

    total $140,637 · program services $134,463 · management and general $3,624 · fundraising $2,550

  • 10 · Payroll taxes

    total $130,093 · program services $124,382 · management and general $3,352 · fundraising $2,359

  • 11c · Fees: accounting

    total $31,692 · management and general $31,692

  • 11e · Fees: professional fundraising services

    total $92,155 · fundraising $92,155

  • 11g · Fees: other

    total $122,877 · program services $73,726 · management and general $49,151

  • 12 · Advertising and promotion

    total $4,109 · program services $4,001 · management and general $108

  • 13 · Office expenses

    total $64,187 · program services $61,644 · management and general $1,661 · fundraising $882

  • 14 · Information technology

    total $38,330 · program services $37,324 · management and general $1,006

  • 16 · Occupancy

    total $19,358 · program services $18,851 · management and general $507

  • 17 · Travel

    total $44,263 · program services $43,101 · management and general $1,162

  • 19 · Conferences, conventions and meetings

    total $12,314 · program services $11,991 · management and general $323

  • 20 · Interest

    total $2,504 · management and general $2,504

  • 22 · Depreciation, depletion and amortization

    total $14,857 · program services $14,467 · management and general $390

  • 23 · Insurance

    total $7,362 · management and general $7,362

  • 24a · Other expenses: FOOD AND BEVERAGE

    total $37,093 · program services $36,120 · management and general $973

  • 24b · Other expenses: INCENTIVES AND AWARDS

    total $12,457 · program services $12,457

  • 24c · Other expenses: TAXES AND LICENSES

    total $7,592 · program services $7,259 · management and general $196 · fundraising $137

  • 24d · Other expenses: MEMBERSHIP DUES

    total $2,460 · program services $2,395 · management and general $65

  • 24e · All other expenses

    total $1,300 · program services $1,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $636,124 · end of year $1,575,843

  • 2 · Savings and temporary cash investments

    beginning of year $100,005 · end of year $501,684

  • 3 · Pledges and grants receivable

    beginning of year $461,120 · end of year $266,776

  • 4 · Accounts receivable

    beginning of year $28,507 · end of year $10,652

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,718 · end of year $23,980

  • 10a · Land, buildings and equipment: cost or other basis

    $129,554

  • 10b · Land, buildings and equipment: accumulated depreciation

    $114,174

  • 10c · Land, buildings and equipment, net

    beginning of year $30,237 · end of year $15,380

  • 15 · Other assets

    beginning of year $77,930 · end of year $62,599

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,031 · end of year $94,585

  • 19 · Deferred revenue

    beginning of year $536,989 · end of year $82,389

  • 24 · Unsecured notes and loans payable

    beginning of year $78,150 · end of year $63,852

  • 27 · Net assets without donor restrictions

    beginning of year $553,471 · end of year $2,009,421

  • 28 · Net assets with donor restrictions

    beginning of year $143,000 · end of year $206,667

Mission and programs · 2023

Mission

TO EMPOWER LOW-INCOME LATINO AND OTHER IMMIGRANT YOUTH THROUGH EDUCATION, LEADERSHIP DEVELOPMENT AND FAMILY ENGAGEMENT TO BECOME THE NEXT GENERATION OF SUCCESSFUL PROFESSIONALS WHO TRANSFORM THEIR COMMUNITIES.

  • PARENT EMPOWERMENT SERVICES (PES) EDU-FUTURO EMPOWERS PARENTS TO NAVIGATE CHALLENGES, ADVOCATE FOR THEIR CHILDREN, AND FOSTER FAMILY RESILIENCE. OUR COMPREHENSIVE OFFERINGS INCLUDE: PARTICIPA EN MI EDUCACIN (PARTICIPATE IN MY EDUCATION): THIS SERIES OF BILINGUAL WORKSHOPS IS DESIGNED TO EDUCATE PARENTS ON HOW TO NAVIGATE THE U.S. EDUCATIONAL SYSTEM, PROMOTING STUDENT SUCCESS. PADRES COMPROMETIDOS (COMMITTED PARENTS): THIS BILINGUAL PROGRAM HELPS IMMIGRANT PARENTS OF HIGH SCHOOL YOUTH LEARN TO NAVIGATE THE U.S. SCHOOL SYSTEM, AS WELL AS DEVELOP POSTSECONDARY GOALS FOR THEIR CHILDREN, UNDERSTAND THE ACADEMIC REQUIREMENTS FOR COLLEGE, AND MODEL BEHAVIORS AT HOME THAT ENCOURAGE AND PROMOTE LEARNING. FAMILIES REUNITE PROGRAM (FR): FACILITATES FAMILY REINTEGRATION AFTER YEARS OF SEPARATION, PROMOTING EMOTIONAL HEALING. STRENGTHENING FAMILIES (10-14): THIS CURRICULUM IS DESIGNED FOR PARENTS AND THEIR CHILDREN, AGES 10 TO 14, TO HELP DEVELOP STRATEGIES TO IMPROVE FAMILY COMMUNICATION, AND HELP TEENS RESIST PEER PRESSURE THAT CAN LEAD TO RISKY BEHAVIORS. PRESCHOOLER PLUS PARENT (PIP): A BILINGUAL AND CULTURALLY SENSITIVE PROGRAM DESIGNED FOR IMMIGRANT FAMILIES WITH CHILDREN AGED 0 TO 5 YEARS. PIP PREPARES CHILDREN FOR KINDERGARTEN READINESS WHILE EQUIPPING PARENTS WITH STRATEGIES TO FOSTER EARLY CHILDHOOD DEVELOPMENT AND ENSURE A STRONG FOUNDATION FOR LIFELONG LEARNING. CASE MANAGEMENT SERVICES: PERSONALIZED SUPPORT FOR FINANCIAL, LEGAL, AND FAMILY CHALLENGES, INCLUDING CRISIS INTERVENTION AND EMERGENCY ASSISTANCE.

    Expenses $785,431 · Revenue $281,639

  • EMERGING LEADERS PROGRAMS (ELP) THE EMERGING LEADERS PROGRAM BUILDS A ROBUST EDUCATIONAL PIPELINE TO EMPOWER UNDER-RESOURCED YOUTH FROM MIDDLE SCHOOL THROUGH COLLEGE. THIS FOUR-STAGE PROGRAM TACKLES SYSTEMIC INEQUITIES, FOSTERS LEADERSHIP, AND PROPELS FIRST-GENERATION STUDENTS TOWARD COLLEGE AND SUCCESSFUL CAREERS: 1.STEM/ROBOTICS CLUBS: DESIGNED FOR CHILDREN IN MIDDLE SCHOOL, PROVIDING STUDENTS WITH THEIR FIRST EXPOSURE TO SUCH SUBJECT AREAS AS BASIC PROGRAMMING, ROBOT DESIGN, AND ENGINEERING. ADDRESSES THE MINORITY EMPLOYMENT GAP IN HIGH-GROWTH CAREER FIELDS BY HELPING GRADES 6-8 STUDENTS INCREASE CONFIDENCE IN STEM SUBJECT AREAS. 2.PRE-ELP IS A VIRTUAL SOCIAL EMOTIONAL LEARNING (SEL) PROGRAM SPECIFICALLY DESIGNED TO HELP STUDENTS IN GRADES 6-8 DEVELOP THEIR LEADERSHIP SKILLS AS THEY TRANSITION TO HIGH SCHOOL. 3.ELP I: PREPARES STUDENTS IN GRADES 9-12 FOR COLLEGE THROUGH WORKSHOPS, MENTORSHIP, SPEECH COMPETITIONS, COLLEGE CAMPUS VISITS, AND CAREER EXPLORATION. A MENTOR IS ASSIGNED A SMALL GROUP OF FOUR TO SIX STUDENTS TO OFFER SUFFICIENT TIME AND ATTENTION TO INDIVIDUAL PARTICIPANTS AS THEY PREPARE RESUMES, WRITE ESSAYS, AND COMPLETE SCHOLARSHIP APPLICATIONS. 4.ELP II: FOCUSES ON HIGH SCHOOL SENIORS, PROVIDING INTENSIVE ONE-ON-ONE MENTORSHIP FOR COLLEGE APPLICATIONS, SCHOLARSHIPS, AND FAFSA/VASA COMPLETION TO ENSURE THEY CAN AFFORD HIGHER EDUCATION AND GRADUATE SUCCESSFULLY. FAFSA/VASA ASSISTANCE: HELPS STUDENTS AND FAMILIES NAVIGATE THE FAFSA/VASA PROCESS TO SECURE FINANCIAL AID FOR COLLEGE. THROUGH WORKSHOPS AND ONE-ON-ONE COUNSELING, EDU-FUTURO DEMYSTIFIES THE PROCESS, ENSURING THAT FAMILIES MAXIMIZE THEIR ELIGIBILITY FOR FUNDING. 5.ELP III: OFFERS SUPPORT TO FIRST-YEAR COLLEGE STUDENTS, PAIRING THEM WITH MENTORS TO NAVIGATE COLLEGE LIFE AND BUILD ESSENTIAL PROFESSIONAL SKILLS. SUCCESSFULLY EXTENDS OUR "CLASSROOM-TO-CAREER" CONTINUUM OF ACADEMIC SUPPORT AND GUIDANCE TO STUDENTS ATTENDING LOCAL COLLEGES. ADDITIONALLY, THE SUMMER INTERNSHIPS PROGRAM PROVIDES GRADUATES OF THE ELP WITH OPPORTUNITIES TO GAIN PROFESSIONAL EXPERIENCE THROUGH INTERNSHIPS WITH LOCAL BUSINESS PARTNERS, BUILDING BOTH SOFT AND HARD SKILLS FOR FUTURE CAREERS.

    Expenses $786,081 · Grants $81,750 · Revenue $139,368

  • EMERGENCY ASSISTANCE FUND IN SPRING 2020 WHEN MANY PEOPLE LOST THEIR JOBS DUE TO THE PANDEMIC, EDU- FUTURO REALIZED THAT MANY OF ITS BENEFICIARIES WERE NOT RECEIVING NEEDED HELP. EDU-FUTURO APPLIED FOR AND RECEIVED GRANTS AND INDIVIDUAL CONTRIBUTIONS TO HELP FAMILIES PAY FOR BASIC NECESSITIES - RENT, UTILITIES, INTERNET. IN RESPONSE TO THE DISPROPORTIONATE IMPACT OF COVID-19 IN OUR COMMUNITY, EDU-FUTURO BECAME ONE OF THE LARGEST PROVIDERS OF EMERGENCY ASSISTANCE TO NORTHERN VIRGINIA'S IMMIGRANT FAMILIES, PROVIDING CASE MANAGEMENT SERVICES 1,200 FAMILIES, AND DISBURSING MORE THAN ONE MILLION IN DIRECT FINANCIAL AID FOR RENT, FOOD, AND UTILITIES. WE ATTRIBUTE MUCH OF OUR SUCCESSES TO OUR COMMUNITY SUPPORT. FOR EXAMPLE, WE PROVIDED REFERRALS TO THE FAMILIES WE SERVE THROUGH THE FAIRFAX COUNTY DEPARTMENT OF NEIGHBORHOOD AND COMMUNITY SERVICES. IN ADDITION, WE ALSO SUCCESSFULLY LEVERAGED THOUSANDS OF DOLLARS FROM THE DEPARTMENT OF HEALTH SERVICES, FAIRFAX COUNTY'S COMMUNITY PROVIDER COORDINATION TEAM, GREATER WASHINGTON COMMUNITY FOUNDATION/OPEN SOCIETY FOUNDATIONS, THE HUMAN SERVICES ALLIANCE OF GREATER PRINCE WILLIAM, ARLINGTON THRIVE, THE ARLINGTON FOOD ASSISTANCE CENTER, CATHOLIC CHARITIES, AND MANY OTHER LOCAL SAFETY-NET ORGANIZATION PARTNERS OFFERING ASSISTANCE DURING THE PANDEMIC.

    Expenses $794,673 · Grants $530,017 · Revenue $676,617

  • WORKFORCE DEVELOPMENT SERVICES (WDS) THE WORKFORCE DEVELOPMENT SERVICES (WDS) PROGRAM EQUIPS PARENTS WITH TOOLS TO ENHANCE THEIR EMPLOYABILITY AND FINANCIAL STABILITY THROUGH THE FOLLOWING OFFERINGS: TECHNOLOGY FOR PARENTS: TRAINING ON INTERNET NAVIGATION, SCHOOL-RELATED APPS, AND DIGITAL TOOLS. RESUME AND COVER LETTER WORKSHOPS: GUIDANCE TO IMPROVE JOB APPLICATION MATERIALS AND EXPAND CAREER OPPORTUNITIES. FINANCIAL LITERACY WORKSHOPS: TRAINING ON MONEY MANAGEMENT, DEBT HANDLING, AND IDENTITY THEFT PREVENTION. GED PROGRAM: OFFERS COMPREHENSIVE GUIDANCE FOR STUDENTS PREPARING FOR THE GED EXAMS. EDU-FUTURO FACILITATES ACCESS TO STUDY RESOURCES, ONLINE PLATFORMS, AND FUNDING FOR TEST FEES, ENSURING THAT PARTICIPANTS CAN ACHIEVE THIS CRUCIAL EDUCATIONAL MILESTONE.

    Expenses $529,739 · Revenue $35,990

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Betsy Jaffe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Jeanne Balcom

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    10
  • Richard Dangay

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Marjorie Myers

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Christopher Falcon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Hugh Pace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Tonia Waetjen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Padmanabhan Seshaiyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Ligia Perez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Mercedes Dash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Nicole Dash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jorge Torrico - Outgoing

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jorge Figueredo

    EXECUTIVE DI

    Total calculated
    $151,100
    From this org
    $145,283
    From related orgs
    $0
    Other
    $5,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,283
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $4,358
    Nontaxable benefits
    $1,459
    Filer's total
    $151,100

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7
THE EXECUTIVE DIRECTOR WAS PROVIDED A BONUS BY THE BOARD OF DIRECTORS BASED ON PERFORMANCE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202541309349300734

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