Totals
- Total revenue
- $10,869,502
- Total expenses
- $7,761,656
- Contributions and grants received
- $10,345,304
- Grants paid
- $6,289,132
- Program service revenue
- $0
- Investment income
- $699,080
- Other revenue
- -$174,882
- Total assets, end of year
- $16,328,976
- Total liabilities, end of year
- $322,019
- Net assets or fund balances, end of year
- $16,006,957
- Program services expenses (Part IX)
- $6,831,715
- Management and general expenses
- $548,380
- Fundraising expenses
- $381,561
- Program service expenses (Part III)
- $6,831,715
Program services were 88.0% 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
$1,324,175
-
1e · Government grants (contributions)
$54,714
-
1f · All other contributions, gifts and grants
$8,966,415
-
1g · Noncash contributions included above
$221,885
-
3 · Investment income
total $273,056 · excluded $273,056
-
7a · Gross sales of assets other than inventory
securities $2,583,460
-
7b · Less cost or other basis and sales expenses
securities $2,157,436
-
7c · Gain or loss
securities $426,024
-
7d · Net gain or loss
total $426,024 · excluded $426,024
-
8a · Fundraising events: gross income
$273,900
-
8a · Fundraising events: contributions included on line 1c
$1,324,175
-
8b · Fundraising events: direct expenses
$458,179
-
8c · Net income from fundraising events
total -$184,279 · excluded -$184,279
-
11a · Other revenue: MISCELLANEOUS INCOME
total $9,397 · excluded $9,397
-
11e · Other revenue, total
$9,397
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $178,839 · program services $178,839
-
2 · Grants to domestic individuals
total $6,110,293 · program services $6,110,293
-
11a · Fees: management
total $953,793 · program services $390,859 · management and general $244,393 · fundraising $318,541
-
11c · Fees: accounting
total $70,640 · management and general $70,640
-
11e · Fees: professional fundraising services
total $3,006 · fundraising $3,006
-
11f · Fees: investment management
total $69,606 · management and general $69,606
-
11g · Fees: other
total $8,733 · management and general $8,733
-
12 · Advertising and promotion
total $36,050 · program services $36,050
-
13 · Office expenses
total $128,598 · program services $70,200 · management and general $32,984 · fundraising $25,414
-
14 · Information technology
total $71,666 · program services $12,110 · management and general $59,245 · fundraising $311
-
16 · Occupancy
total $45,201 · program services $19,045 · management and general $10,968 · fundraising $15,188
-
17 · Travel
total $7,531 · program services $78 · management and general $27 · fundraising $7,426
-
19 · Conferences, conventions and meetings
total $15,037 · program services $4,889 · management and general $1,720 · fundraising $8,428
-
23 · Insurance
total $41,897 · management and general $41,897
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $16,642 · program services $5,228 · management and general $8,167 · fundraising $3,247
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $4,124 · program services $4,124
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $911,133 · end of year $105,829
-
2 · Savings and temporary cash investments
beginning of year $1,804,844 · end of year $3,139,896
-
3 · Pledges and grants receivable
beginning of year $1,810,474 · end of year $3,729,191
-
9 · Prepaid expenses and deferred charges
beginning of year $91,033 · end of year $139,249
-
11 · Investments: publicly traded securities
beginning of year $6,531,795 · end of year $7,028,075
-
12 · Investments: other securities
beginning of year $819,136 · end of year $2,170,998
-
15 · Other assets
beginning of year $22,805 · end of year $15,738
-
17 · Accounts payable and accrued expenses
beginning of year $47,241 · end of year $129,239
-
18 · Grants payable
beginning of year $0 · end of year $15,000
-
19 · Deferred revenue
beginning of year $36,100 · end of year $19,750
-
21 · Escrow or custodial account liability
beginning of year $22,805 · end of year $15,738
-
25 · Other liabilities
beginning of year $226,120 · end of year $142,292
-
27 · Net assets without donor restrictions
beginning of year $1,230,303 · end of year $1,609,064
-
28 · Net assets with donor restrictions
beginning of year $10,428,651 · end of year $14,397,893
Mission and programs · 2024
Mission
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. AS A SCHOLARSHIP GRANTING ORGANIZATION, IT PROVIDES TUITION ASSISTANCE TO THE NEEDIEST OF THOSE STUDENTS, REGARDLESS OF THEIR RELIGIOUS DENOMINATION, THROUGH ENDOWMENT FUNDS AND FUNDRAISING PROGRAMS.
-
FUTURES IN EDUCATION SCHOLARSHIP PROGRAM MAKES A QUALITY CATHOLIC EDUCATION AVAILABLE TO AS MANY FAMILIES AS POSSIBLE BY OFFERING PARTIAL SCHOLARSHIPS TO FAMILIES IN FINANCIAL NEED OF TUITION ASSISTANCE FOR STUDENTS IN PRE-K TO 8TH GRADE ENROLLED IN CATHOLIC GRAMMAR SCHOOLS IN BROOKLYN AND QUEENS. IN 2025, THE PROGRAM AWARDED SCHOLARSHIPS TO 1,576 STUDENTS FOR A TOTAL AMOUNT OF $2,307,726.
Expenses $2,307,726 · Grants $2,307,726
-
TEDDY FORSTMANNIN CONJUNCTION WITH THE CHILDREN'S SCHOLARSHIP FUND (CSF), THE PROGRAM STIMULATES ENROLLMENT OF STUDENTS FROM PUBLIC SCHOOLS INTO CATHOLIC SCHOOLS FOR THOSE FAMILIES WITH FINANCIAL NEED OF TUITION ASSISTANCE IN LINE WITH CSF'S AIM TO MAXIMIZE EDUCATIONAL OPPORTUNITY FOR ALL CHILDREN. IN 2025, THE PROGRAMS AWARDED SCHOLARSHIPS TO 1,555 STUDENTS FOR A TOTAL AMOUNT OF $2,112,598.
Expenses $2,112,598 · Grants $2,112,598
-
BE AN ANGEL TO A STUDENT PROGRAM A SPONSORSHIP PROGRAM WHERE A DONOR, AN ANGEL, PAYS A PORTION OF THE STUDENT'S TUITION FOR A FAMILY WITH EXTRAORDINARY NEED TO HELP SEND THEIR CHILDREN TO A CATHOLIC SCHOOL THEY LOVE. THE STUDENT SENDS CORRESPONDENCE TO THE ANGEL THROUGHOUT THE SCHOOL YEAR, INCLUDING LETTERS, GREETINGS AND REPORT CARDS. IN 2025, THE PROGRAM AWARDED SCHOLARSHIPS TO 720 STUDENTS FOR A TOTAL AMOUNT OF $1,689,970.
Expenses $1,689,970 · Grants $1,689,970
-
OTHER NEEDS-BASED SCHOLARSHIPSFUTURES IN EDUCATION PROVIDES ADDITIONAL SCHOLARSHIPS TO HIGH SCHOOL STUDENTS AND OTHER STUDENTS IN FINANCIAL NEED THAT DO NOT FALL INTO THE CATEGORIES OF THE THREE PROGRAMS LISTED ABOVE.
Expenses $721,421 · Grants $178,838
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ms Veronica TsangMS VERONICA TSANG
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Mr Martin Cottingham ViceMR MARTIN COTTINGHAM VICE
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Reverend Kevin P AbelsREVEREND KEVIN P ABELS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Julia Mattone BellowMRS JULIA MATTONE BELLOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bishop Robert J BrennanBISHOP ROBERT J BRENNAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Robert B CatellMR ROBERT B CATELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rev Msgr David L CassatoREV MSGR DAVID L CASSATO
TRUSTEE THRU OCT 2024
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Regina DedickMRS REGINA DEDICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr John G DuaneMR JOHN G DUANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Thomas FloodMR THOMAS FLOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Christian GarciaMR CHRISTIAN GARCIA
TRUSTEE THRU OCT 2024
- Total calculated
- $0
- Hours/week
- 2
-
Mr William J HoganMR WILLIAM J HOGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Willaim MaierMR WILLAIM MAIER
TRUSTEE THRU DEC 2024
- Total calculated
- $0
- Hours/week
- 2
-
Deacon Kevin McCormackDEACON KEVIN MCCORMACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Donna MurphyMRS DONNA MURPHY
TRUSTEE THRU MAR 2025
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Ana OliveiraMRS ANA OLIVEIRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Lester J OwensMR LESTER J OWENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Roseann Paradiso FoderaMRS ROSEANN PARADISO FODERA
ESQ. TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Carmine RubinoMR CARMINE RUBINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Joseph SciameMR JOSEPH SCIAME
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Carlo A Scissura EsqMR CARLO A SCISSURA ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr Steven StellaMR STEVEN STELLA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mr John NotaroMR JOHN NOTARO
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 14
-
Mrs Aida TorresMRS AIDA TORRES
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.8
-
Mrs Nicole SteinweissMRS NICOLE STEINWEISS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
-
CATHEDRAL PREP HIGH SCHOOL
$55,000
EDUCATIONAL SCHOLARSHIPS
-
$20,000
EDUCATIONAL SCHOLARSHIPS
-
$15,000
EDUCATIONAL SCHOLARSHIPS
-
$5,333
EDUCATIONAL SCHOLARSHIPS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601949349300505
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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