Totals
- Total revenue
- $1,762,627
- Total expenses
- $2,138,726
- Contributions and grants received
- $1,591,330
- Grants paid
- $418,150
- Program service revenue
- $0
- Investment income
- $54,355
- Other revenue
- $116,942
- Total assets, end of year
- $2,585,787
- Total liabilities, end of year
- $1,347,103
- Net assets or fund balances, end of year
- $1,238,684
- Program services expenses (Part IX)
- $1,398,086
- Management and general expenses
- $432,745
- Fundraising expenses
- $307,895
- Program service expenses (Part III)
- $1,398,086
Program services were 65.4% 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.
-
1e · Government grants (contributions)
$165,516
-
1f · All other contributions, gifts and grants
$1,425,814
-
3 · Investment income
total $51,389 · excluded $51,389
-
7a · Gross sales of assets other than inventory
securities $261,000 · other assets $375
-
7b · Less cost or other basis and sales expenses
securities $258,409 · other assets $0
-
7c · Gain or loss
securities $2,591 · other assets $375
-
7d · Net gain or loss
total $2,966 · excluded $2,966
-
8a · Fundraising events: gross income
$190,588
-
8b · Fundraising events: direct expenses
$73,646
-
8c · Net income from fundraising events
total $116,942 · excluded $116,942
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $418,150 · program services $418,150
-
5 · Compensation of officers, directors and key employees
total $168,063 · program services $115,237 · management and general $25,740 · fundraising $27,086
-
7 · Other salaries and wages
total $879,379 · program services $602,968 · management and general $134,685 · fundraising $141,726
-
10 · Payroll taxes
total $149,054 · program services $88,719 · management and general $40,092 · fundraising $20,243
-
11b · Fees: legal
total $2,523 · program services $94 · management and general $2,395 · fundraising $34
-
11c · Fees: accounting
total $77,373 · program services $2,870 · management and general $73,449 · fundraising $1,054
-
11e · Fees: professional fundraising services
total $79,890 · fundraising $79,890
-
11g · Fees: other
total $90,886 · program services $22,141 · management and general $62,370 · fundraising $6,375
-
12 · Advertising and promotion
total $15,223 · program services $12,651 · management and general $1,669 · fundraising $903
-
13 · Office expenses
total $14,360 · program services $5,684 · management and general $4,827 · fundraising $3,849
-
14 · Information technology
total $45,462 · program services $1,686 · management and general $43,157 · fundraising $619
-
16 · Occupancy
total $93,830 · program services $70,372 · management and general $9,384 · fundraising $14,074
-
17 · Travel
total $4,335 · program services $1,292 · management and general $2,349 · fundraising $694
-
22 · Depreciation, depletion and amortization
total $2,983 · management and general $2,983
-
23 · Insurance
total $5,800 · management and general $5,800
-
24a · Other expenses: ALUMNI ENGAGEMENT AND S
total $26,835 · program services $26,835
-
24b · Other expenses: SCHOLAR ONBOARDING
total $22,064 · program services $21,923 · management and general $51 · fundraising $90
-
24c · Other expenses: STAFF TRAINING
total $20,748 · program services $1,390 · management and general $18,563 · fundraising $795
-
24d · Other expenses: TELEPHONE
total $6,519 · program services $4,505 · management and general $1,001 · fundraising $1,013
-
24e · All other expenses
total $15,249 · program services $1,569 · management and general $4,230 · fundraising $9,450
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $950,119 · end of year $1,007,756
-
4 · Accounts receivable
beginning of year $547,947 · end of year $363,016
-
9 · Prepaid expenses and deferred charges
beginning of year $8,544 · end of year $7,661
-
10a · Land, buildings and equipment: cost or other basis
$248,437
-
10b · Land, buildings and equipment: accumulated depreciation
$20,306
-
10c · Land, buildings and equipment, net
beginning of year $308,876 · end of year $228,131
-
11 · Investments: publicly traded securities
beginning of year $1,044,054 · end of year $965,056
-
15 · Other assets
beginning of year $14,949 · end of year $14,167
-
17 · Accounts payable and accrued expenses
beginning of year $1,111,894 · end of year $1,118,284
-
19 · Deferred revenue
beginning of year $2,000
-
25 · Other liabilities
beginning of year $308,088 · end of year $228,819
-
27 · Net assets without donor restrictions
beginning of year $760,507 · end of year $1,007,684
-
28 · Net assets with donor restrictions
beginning of year $692,000 · end of year $231,000
Mission and programs · 2023
Mission
MISSION: EDUCATIONAL OPPORTUNITIES FOR REWARDING CAREERS. NEW FUTURES PROPELS UNDER-SERVED YOUNG PEOPLE THROUGH SHORT-TERM POSTSECONDARY DEGREES AND INTO EITHER FURTHER EDUCATION OR IN-DEMAND CAREERS THAT LEAD TO FINANCIAL SECURITY.
Activities or mission (Part I)
TO CREATE POST-SECONDARY EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED INDIVIDUALS IN DC AREA.
-
NEW FUTURES PROVIDES AN INNOVATIVE PROGRAM OF SCHOLARSHIPS, ADVISING, AND CAREER EDUCATION PROGRAMS TO SUPPORT LOW-INCOME DC-AREA YOUNG PEOPLE PURSUING SHORTER-TERM POST-SECONDARY EDUCATIONAL PROGRAMS, LEADING FOR SOME TO FURTHER EDUCATION, AND FOR ALL TO FINANCIALLY-SUSTAINABLE IN-DEMAND CAREERS.
Expenses $1,398,086 · Grants $418,150
As filed on the 2023 return.
Listed in Part VII
-
Susan Krause BellSUSAN KRAUSE BELL
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Dr Jonathan MathisDR JONATHAN MATHIS
PROGRAMS CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Dr Heather WathingtonDR HEATHER WATHINGTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Justin DufourJUSTIN DUFOUR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kendra GrinnageKENDRA GRINNAGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth HayesELIZABETH HAYES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lori JacksonLORI JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael KershowMICHAEL KERSHOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kim VinickKIM VINICK
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Selvon WaldronSELVON WALDRON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey ObersteinJEFFREY OBERSTEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Liya AbaragoLIYA ABARAGO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kelly Makimoto-MurphyKELLY MAKIMOTO-MURPHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Aurelio RiveraAURELIO RIVERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert SaumROBERT SAUM
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Mary ZmudaMARY ZMUDA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Sherrod WilliamsDR SHERROD WILLIAMS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $168,063
- From this org
- $168,063
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $168,063
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $168,063
-
Griselda MaciasGRISELDA MACIAS
DIRECTOR OF PROGRAMS
- Total calculated
- $107,598
- From this org
- $107,598
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Shiree SkinnerSHIREE SKINNER
DIRECTOR OF DEV. AND COMMUNICATIONS
- Total calculated
- $109,444
- From this org
- $109,444
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jamila WilliamsJAMILA WILLIAMS
DIR. OF PEOPLE, CULTURE AND OPER.
- Total calculated
- $106,284
- From this org
- $106,284
- From related orgs
- $0
- Other
- $0
- 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 · 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD REVIEWS PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER AND VOTES ON ANY COMPENSATION INCREASES.
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
- 1 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402219349302000
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