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Nonprofiteer
← FUTURES AND OPTIONS INC

Form 990 for tax year 2024

Filed by FUTURES AND OPTIONS INC.

Totals

Total revenue
$3,636,402
Total expenses
$3,934,658
Contributions and grants received
$2,497,942
Grants paid
$192,159
Program service revenue
$1,031,845
Investment income
$106,615
Other revenue
$0
Total assets, end of year
$5,504,934
Total liabilities, end of year
$2,143,564
Net assets or fund balances, end of year
$3,361,370
Program services expenses (Part IX)
$3,138,811
Management and general expenses
$428,444
Fundraising expenses
$367,403
Program service expenses (Part III)
$3,138,811

Program services were 79.8% 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

    $1,138,967

  • 1e · Government grants (contributions)

    $330,365

  • 1f · All other contributions, gifts and grants

    $1,028,610

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $1,031,845 · related or exempt $1,031,845

  • 3 · Investment income

    total $106,615 · excluded $106,615

  • 8a · Fundraising events: gross income

    $247,394

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

    $1,138,967

  • 8b · Fundraising events: direct expenses

    $247,394

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $192,159 · program services $192,159

  • 5 · Compensation of officers, directors and key employees

    total $179,300 · program services $144,063 · management and general $16,168 · fundraising $19,069

  • 7 · Other salaries and wages

    total $2,305,891 · program services $1,853,677 · management and general $207,489 · fundraising $244,725

  • 8 · Pension plan contributions

    total $33,570 · program services $26,235 · management and general $3,369 · fundraising $3,966

  • 9 · Other employee benefits

    total $274,859 · program services $214,802 · management and general $27,584 · fundraising $32,473

  • 10 · Payroll taxes

    total $192,339 · program services $150,312 · management and general $19,303 · fundraising $22,724

  • 11c · Fees: accounting

    total $13,500 · management and general $13,500

  • 11g · Fees: other

    total $231,003 · program services $166,534 · management and general $42,146 · fundraising $22,323

  • 12 · Advertising and promotion

    total $18,623 · program services $11,186 · management and general $2,509 · fundraising $4,928

  • 13 · Office expenses

    total $49,436 · program services $34,767 · management and general $8,588 · fundraising $6,081

  • 14 · Information technology

    total $22,576 · program services $17,137 · management and general $2,486 · fundraising $2,953

  • 16 · Occupancy

    total $266,204 · program services $213,123 · management and general $53,081

  • 22 · Depreciation, depletion and amortization

    total $50,604 · program services $38,411 · management and general $5,573 · fundraising $6,620

  • 23 · Insurance

    total $24,836 · program services $647 · management and general $24,078 · fundraising $111

  • 24a · Other expenses: RECRUT. & STAFF TRAIN.

    total $46,424 · program services $43,435 · management and general $2,040 · fundraising $949

  • 24b · Other expenses: PROGRAM EXPENSES

    total $29,533 · program services $29,533

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $2,112 · program services $1,603 · management and general $233 · fundraising $276

  • 24d · Other expenses: REPAIRS AND MAINT.

    total $1,689 · program services $1,187 · management and general $297 · fundraising $205

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $905,664 · end of year $592,208

  • 2 · Savings and temporary cash investments

    beginning of year $2,559,398 · end of year $2,715,980

  • 3 · Pledges and grants receivable

    beginning of year $229,530 · end of year $153,102

  • 4 · Accounts receivable

    beginning of year $84,634 · end of year $11,304

  • 9 · Prepaid expenses and deferred charges

    beginning of year $137,018 · end of year $141,069

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

    $203,136

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

    $91,630

  • 10c · Land, buildings and equipment, net

    beginning of year $127,732 · end of year $111,506

  • 14 · Intangible assets

    beginning of year $39,095 · end of year $93,374

  • 15 · Other assets

    beginning of year $1,839,000 · end of year $1,686,391

  • 17 · Accounts payable and accrued expenses

    beginning of year $221,581 · end of year $229,050

  • 19 · Deferred revenue

    beginning of year $48,861 · end of year $67,131

  • 25 · Other liabilities

    beginning of year $1,992,003 · end of year $1,847,383

  • 27 · Net assets without donor restrictions

    beginning of year $2,946,125 · end of year $2,958,110

  • 28 · Net assets with donor restrictions

    beginning of year $713,501 · end of year $403,260

Mission and programs · 2024

Mission

FUTURES AND OPTIONS EXPANDS OPPORTUNITIES FOR STUDENTS FROM DIVERSE BACKGROUNDS AND HISTORICALLY UNDERREPRESENTED COMMUNITIES, COLLABORATING WITH EMPLOYERS TO EMPOWER STUDENTS TO GAIN THE SKILLS AND CONFIDENCE NEEDED TO SUCCEED IN FUTURE CAREERS.

Activities or mission (Part I)

FUTURES AND OPTIONS EMPOWERS NYC YOUTH TO EXPLORE CAREER PATHWAYS AND ACQUIRE PROFESSIONAL SKILLS.

  • LAST YEAR, FUTURES AND OPTIONS SERVED 2757 STUDENTS ACROSS OUR MULTI-LAYERED PROGRAM ACTIVITIES. WE PLACED 432 NEW YORK CITY YOUTH IN PAID, MENTORED INTERNSHIPS WITH EMPLOYERS THROUGHOUT ALL FIVE BOROUGHTS. 1507 YOUNG PEOPLE BENEFITTED FROM OUR CAREER READINESS WORKSHOPS AND CURRICULUM. 15 STUDENTS LEVERAGED SKILLS AND PROFESSIONAL NETWORKING IN EXTERNSHIP EXPERIENCES WITH EMPLOYERS. 289 PROGRAM ALUMNI RECEIVED ALUMNI SUPPORT SERVICES, INCLUDING NETWORKING, MENTORSHIP, CAREER PANELS AND ONE-ON-ONE COACHING, BRIDGING THE GAP BETWEEN HIGH SCHOOL, COLLEGE AND CAREERS. LASTLY, 964 YOUTH ATTENDED ONE OF OUR COMMUNITY OUTREACH SESSIONS, WHERE OUR STAFF DELIVERED INFORMATION SESSIONS, ATTENDED CAREER FAIRS, AND DELIVERED OUTREACH TO STUDENTS AND PROFESSIONALS.

    Expenses $3,138,811 · Grants $192,159 · Revenue $1,031,845

As filed on the 2024 return.

Listed in Part VII

  • Paul Zemsky

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Grushkin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Goldstein

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Wray Thorn

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Christopher M Snyder

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Erin Murphy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Alice Eaton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Efrem Sigel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Benjamin Schrag

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Colleen Hsia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Magliocco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Pombo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Tannebaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dave Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Schiff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Diane Arber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Grace Chiu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Harnsowl Ko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Hugh Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Scheir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Diaz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristopher M Hansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Landstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew B Settle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Ramirez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roopesh K Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen E Hessler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • W Greg Thonsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carolyn Silver

    EXECUTIVE DIRECTOR

    Total calculated
    $176,285
    From this org
    $172,985
    From related orgs
    $0
    Other
    $3,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,985
    Bonus
    $0
    Other
    $0
    Deferred
    $3,300
    Nontaxable benefits
    $0
    Filer's total
    $176,285
  • Jessica Mischkot

    CHIEF PROGRAM OFFICER

    Total calculated
    $114,158
    From this org
    $111,946
    From related orgs
    $0
    Other
    $2,212
    Hours/week
    40
  • David Pfeifer

    DIR. OF FINANCE & ADMINISTRATION

    Total calculated
    $105,395
    From this org
    $103,353
    From related orgs
    $0
    Other
    $2,042
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2024
Filed
18 February 2026
IRS schema version
2024v5.5
Source object
202600499349300600

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