FUTURES IN EDUCATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FUTURES IN EDUCATION (EIN 20-5496382)
- Tax period
- 2023-09-01 to 2024-08-31
- Filed
- 2025-07-14
- IRS object ID
- 202511959349300956
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-07-14T10:55:56-05:00 | ReturnTs |
| Tax Period End | 2024-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331374517 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE SUITE 301 | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205496382 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUTURES IN EDUCATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FUTU | BusinessNameControlTxt |
| Phone | 7189657308 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 243 PROSPECT PARK WEST | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11215 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN NOTARO | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 7189657308 | PhoneNum |
| Signature | 2025-07-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2025-07-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN NOTARO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 243 PROSPECT PARK WEST | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11215 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,415,256 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FUTURESINEDUCATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 26 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $9,829,406 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,521,733 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $430,945 | PYInvestmentIncomeAmt |
| CY Investment Income | $413,900 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$831,239 | PYOtherRevenueAmt |
| CY Other Revenue | -$219,971 | CYOtherRevenueAmt |
| PY Total Revenue | $9,429,112 | PYTotalRevenueAmt |
| CY Total Revenue | $7,715,662 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,747,587 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,763,678 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $2,025 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $1,912 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $470,667 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,658,527 | PYOtherExpensesAmt |
| CY Other Expenses | $1,622,787 | CYOtherExpensesAmt |
| PY Total Expenses | $7,408,139 | PYTotalExpensesAmt |
| CY Total Expenses | $7,388,377 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,020,973 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $327,285 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,150,556 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,991,220 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,251,847 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $332,266 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,898,709 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,658,954 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,112,598 | ExpenseAmt |
| Grant | $2,112,568 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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 FY'24, THE PROGRAMS AWARDED SCHOLARSHIPS TO 1,589 STUDENTS FOR A TOTAL AMOUNT OF $2,112,598. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,023,703 | ExpenseAmt |
| Grant | $2,023,703 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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 12TH GRADE ENROLLED IN CATHOLIC ELEMENTARY AND HIGH SCHOOLS IN BROOKLYN AND QUEENS. IN FY'24, THE PROGRAM AWARDED SCHOLARSHIPS TO 1,689 STUDENTS FOR A TOTAL AMOUNT OF $2,023,703. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,501,985 | ExpenseAmt |
| Grant | $1,501,985 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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 FY'24, THE PROGRAM AWARDED SCHOLARSHIPS TO 714STUDENTS FOR A TOTAL AMOUNT OF $1,501,985. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $740,676 | ExpenseAmt |
| Grant | $125,422 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $740,676 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $125,422 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $6,378,962 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN NOTARO | PersonNm |
| Phone | 7189657308 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 243 PROSPECT PARK WEST | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11215 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| MS VERONICA TSANG | ||||||
| CHAIRPERSON | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MR MARTIN COTTINGHAM VICE | ||||||
| CHAIRPERSON | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MR ROBERT F GARTLAND | ||||||
| VICE CHAIR THRU APR 2024 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| REVEREND KEVIN P ABELS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BISHOP ROBERT J BRENNAN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR ROBERT B CATELL | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| REV MSGR DAVID L CASSATO | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MRS REGINA DEDICK | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR JOHN G DUANE | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR THOMAS FLOOD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR CHRISTIAN GARCIA | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| REV MSGR JAMIE J | ||||||
| GIGANTIELLO TRUSTEE THRU NOV 2023 | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR LOUIS GRASSI | ||||||
| TRUSTEE THRU APR 2024 | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR WILLIAM J HOGAN | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR WILLAIM MAIER | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR JOSEPH MATTONE SR ESQ | ||||||
| TRUSTEE THRU MAR 2024 | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DEACON KEVIN MCCORMACK | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MRS DONNA MURPHY | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MRS ANA OLIVEIRA | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR LESTER J OWENS | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MRS ROSEANN PARADISO FODERA | ||||||
| ESQ. TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| HON A GAIL PRUDENTI | ||||||
| TRUSTEE THRU JUN 2024 | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR CARMINE RUBINO | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR JOSEPH SCIAME | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR CARLO A SCISSURA ESQ | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR STEVEN STELLA | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MR JOHN NOTARO | ||||||
| EXECUTIVE DIRECTOR | 14.00 | Yes (X) | $0 | $0 | $0 | |
| MRS AIDA TORRES | ||||||
| SECRETARY | 0.80 | Yes (X) | $0 | $0 | $0 | |
| MRS NICOLE STEINWEISS | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,066,812 | FundraisingAmt |
| Government Grants | $106,546 | GovernmentGrantsAmt |
| All Other Contributions | $6,348,375 | AllOtherContributionsAmt |
| Noncash Contributions | $113,486 | NoncashContributionsAmt |
| Total Contributions | $7,521,733 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $265,314 | TotalRevenueColumnAmt |
| Exclusion | $265,314 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,428,734 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,280,148 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $148,586 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $148,586 | TotalRevenueColumnAmt |
| Exclusion | $148,586 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $199,475 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,066,812 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $419,446 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$219,971 | TotalRevenueColumnAmt |
| Exclusion | -$219,971 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,715,662 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $193,929 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,393 | TotalAmt |
| Program Services | $125,393 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,638,285 | TotalAmt |
| Program Services | $5,638,285 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,052,444 | TotalAmt |
| Program Services | $409,699 | ProgramServicesAmt |
| Management And General | $239,500 | ManagementAndGeneralAmt |
| Fundraising | $403,245 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,375 | TotalAmt |
| Management And General | $69,375 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,912 | TotalAmt |
| Fundraising | $1,912 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,047 | TotalAmt |
| Management And General | $62,047 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,870 | TotalAmt |
| Management And General | $8,870 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,424 | TotalAmt |
| Program Services | $36,424 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,822 | TotalAmt |
| Program Services | $129,342 | ProgramServicesAmt |
| Management And General | $31,713 | ManagementAndGeneralAmt |
| Fundraising | $18,767 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,287 | TotalAmt |
| Program Services | $6,182 | ProgramServicesAmt |
| Management And General | $58,532 | ManagementAndGeneralAmt |
| Fundraising | $1,573 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,176 | TotalAmt |
| Program Services | $17,665 | ProgramServicesAmt |
| Management And General | $9,610 | ManagementAndGeneralAmt |
| Fundraising | $16,901 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,222 | TotalAmt |
| Program Services | $91 | ProgramServicesAmt |
| Management And General | $33 | ManagementAndGeneralAmt |
| Fundraising | $5,098 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,325 | TotalAmt |
| Program Services | $7,608 | ProgramServicesAmt |
| Management And General | $2,728 | ManagementAndGeneralAmt |
| Fundraising | $6,989 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,310 | TotalAmt |
| Management And General | $3,310 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,159 | TotalAmt |
| Management And General | $43,159 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| REPAIRS & MAINTENANCE | $18,014 | $4,461 | $9,871 | $3,682 |
| FUNDRAISING REIMBURSEME | $12,500 | $12,500 | ||
| MISCELLANEOUS EXPENSE | $3,812 | $3,812 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,388,377 | TotalAmt |
| Program Services | $6,378,962 | ProgramServicesAmt |
| Management And General | $538,748 | ManagementAndGeneralAmt |
| Fundraising | $470,667 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $309,260 | BOYAmt |
| EOY | $911,133 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,153,238 | BOYAmt |
| EOY | $1,804,844 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,053,041 | BOYAmt |
| EOY | $1,810,474 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,312 | BOYAmt |
| EOY | $91,033 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,779,673 | BOYAmt |
| EOY | $6,531,795 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $766,644 | BOYAmt |
| EOY | $819,136 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,388 | BOYAmt |
| EOY | $22,805 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,150,556 | BOYAmt |
| EOY | $11,991,220 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,397 | BOYAmt |
| EOY | $47,241 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,500 | BOYAmt |
| EOY | $36,100 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,888 | BOYAmt |
| EOY | $22,805 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,175,062 | BOYAmt |
| EOY | $226,120 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,251,847 | BOYAmt |
| EOY | $332,266 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,481,145 | BOYAmt |
| EOY | $1,230,303 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,417,564 | BOYAmt |
| EOY | $10,428,651 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,898,709 | BOYAmt |
| EOY | $11,658,954 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,150,556 | BOYAmt |
| EOY | $11,991,220 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $327,285 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $701,126 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$268,166 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,254,528 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,152,581 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,019,512 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,508,748 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,521,733 | CurrentTaxYearAmt |
| Total | $41,457,102 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,254,528 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,152,581 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,019,512 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,508,748 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,521,733 | CurrentTaxYearAmt |
| Total | $41,457,102 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $17,048,573 | SubstantialContributorsTotAmt |
| Public Support Total170 | $24,408,529 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $119,759 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $148,145 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $208,482 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $193,076 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $265,314 | CurrentTaxYearAmt |
| Total | $934,776 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $165,523 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $165,523 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $59,825 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $95,616 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,553 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $64,672 | CurrentTaxYearMinus1YearAmt |
| Total | $243,666 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $42,801,067 | TotalSupportAmt |
| Public Support CY170 | 0.57030 | PublicSupportCY170Pct |
| Public Support PY170 | 0.57480 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | REIMBURSEMENTS FROM CAP PROGRAM - 2020 AMOUNT: $ 76,096. 2021 AMOUNT: $ 23,527. MISCELLANEOUS INCOME - 2019 AMOUNT: $ 59,825. 2020 AMOUNT: $ 19,520. 2021 AMOUNT: $ 26. 2022 AMOUNT: $ 64,672. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,465,266 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $695,802 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $173,109 | OtherExpendituresAmt |
| End Year Balance | $4,987,959 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,406,192 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $228,225 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $169,151 | OtherExpendituresAmt |
| End Year Balance | $4,465,266 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,122,648 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$558,324 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $158,132 | OtherExpendituresAmt |
| End Year Balance | $4,406,192 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,671,390 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $597,228 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $145,970 | OtherExpendituresAmt |
| End Year Balance | $5,122,648 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,284,274 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $387,116 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $4,671,390 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST IN NET ASSETS OF CATHOLIC FOUNDATION FOR BROOKLYN & QUEENS | Desc |
| Book Value | $819,136 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $819,136 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO CATHOLIC FOUNDATION FOR BROOKLYN & QUEENS | Desc |
| Amt | $226,120 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $226,120 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,403,421 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $701,126 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $52,492 | OtherRevenueAmt |
| Revenue Not Reported | $753,618 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,649,803 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $62,047 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $3,812 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $65,859 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,715,662 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,643,176 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $320,658 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $320,658 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,322,518 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $62,047 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $3,812 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $65,859 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,388,377 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | FUNDS HELD AS AGENCY ENDOWMENTS INCLUDE CONTRIBUTIONS GIVEN BY INDIVIDUALS FOR OTHER ORGANIZATIONS THAT ARE HELD BY FUTURES ON BEHALF OF THOSE ORGANIZATIONS. |
| PART V, LINE 4: | THE PURPOSE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO PROVIDE FUNDING FOR EDUCATIONAL SCHOLARSHIPS IN THE FORM OF TUITION ASSISTANCE FOR THOSE IN NEED. |
| PART X, LINE 2: | FUTURES RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT FUTURES HAD NO UNCERTAIN TAX POSITIONS THAT THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. FUTURES IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR FISCAL PERIODS PRIOR TO 2021. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN INTEREST IN NET ASSETS OF CATHOLIC FOUNDATION REPORTED IN PART XI 52,492. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | MISCELLANEOUS INCOME NETTED WITH REVENUE ON PART IX 3,812. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | WRITE-OFF OF UNCOLLECTIBLE PLEDGE REPORTED IN PART XI 320,658. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | MISCELLANEOUS INCOME NETTED WITH REVENUE ON PART IX 3,812. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ANNUAL DINNER | Event1Nm |
| Gross Receipts Event1 | $1,222,777 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,036,552 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $186,225 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $407,195 | RentFacilityCostsEvent1Amt |
| Event2 | RAO'S | Event2Nm |
| Gross Receipts Event2 | $40,010 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $26,760 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $13,250 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $12,251 | RentFacilityCostsEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $3,500 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $3,500 | CharitableContriOtherEventsAmt |
| Gross Receipts Total | $1,266,287 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,066,812 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $199,475 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $419,446 | RentFcltyCostsTotalEventsAmt |
| Direct Expense Summary Events | $419,446 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$219,971 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| CATHEDRAL PREP HIGH SCHOOL | ||||||||
| 56-25 92ND STREET | ELMHURST | NY | 11373 | 112138745 | 501(C)(3) | $52,000 | $0 | EDUCATIONAL SCHOLARSHIPS |
| OUR LADY OF MOUNT CARMEL | ||||||||
| 275 N 8TH STREET | BROOKLYN | NY | 11211 | 111681130 | 501(C)(3) | $15,786 | $0 | EDUCATIONAL SCHOLARSHIPS |
| DIOCESE OF BROOKLYN | ||||||||
| 310 PROSPECT PARK WEST | BROOKLYN | NY | 11215 | 111631807 | 501(C)(3) | $12,425 | $0 | EDUCATIONAL SCHOLARSHIPS |
| ST FRANCIS COLLEGE | ||||||||
| 179 LIVINGSTON STREET | BROOKLYN | NY | 11201 | 111635105 | 501(C)(3) | $12,080 | $0 | EDUCATIONAL SCHOLARSHIPS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| SCHOLARSHIPS TO FAMILIES IN FINANCIAL NEED OF TUITION ASSISTANCE. | 3278 | $4,136,300 |
| SPONSORSHIP PROGRAM WHERE A DONOR PAYS A PORTION OF THE STUDENT'S TUITION. | 714 | $1,501,985 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FOR ALL SCHOLARSHIP PROGRAMS, FAMILIES COMPLETE A FINANCIAL AID APPLICATION TO DETERMINE ELIGIBILITY. THESE APPLICATIONS ARE PROCESSED BY A THIRD-PARTY VENDOR, FACTS, WHO ASSESSES FINANCIAL NEED BASED ON HOUSEHOLD INCOME AND SIZE. THE RESULTS ARE STORED IN A DATABASE AND TWICE A YEAR, ATTENDANCE OF STUDENTS IS VERIFIED BEFORE SUBMISSION OF PAYMENTS. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $113,486 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. SELLING PRICE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | FUTURES IN EDUCATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS THROUGH A MANAGEMENT SERVICES AGREEMENT. UNDER THE AGREEMENT, CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS HAS MANAGEMENT CONTROL OVER EXECUTIVE REPORTING, ORGANIZATION MANAGEMENT, FUNDRAISING AND DEVELOPMENT, BUDGETS AND ACCOUNTING, EVENTS, AND VENDOR AND CONTRACT MANAGEMENT. FOR THE TAX YEAR ENDING AUGUST 31, 2024, FUTURES IN EDUCATION PAID CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS $1,052,443 FOR MANAGEMENT SERVICES. JOHN NOTARO, EXECUTIVE DIRECTOR, AND AIDA TORRES, SECRETARY, ARE COMPENSATED BY CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS. FUTURES IN EDUCATION REIMBURSED CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS FOR THEIR COMPENSATION IN ACCORDANCE WITH THE MANAGEMENT SERVICES AGREEMENT IN PLACE. TOTAL COMPENSATION (SALARY PLUS DEFERRED COMPENSATION, MEDICAL, AND OTHER BENEFITS) PAID FOR JOHN NOTARO'S SERVICES AMOUNTED TO $106,386 IN 2023. TOTAL COMPENSATION (SALARY PLUS DEFERRED COMPENSATION, MEDICAL, AND OTHER BENEFITS) PAID FOR SERVICES PROVIDED BY AIDA TORRES WAS $66,119 IN 2023. |
| FORM 990, PART VI, SECTION B, LINE 11B | FUTURES IN EDUCATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE PROVIDED TO THE OUTSIDE ACCOUNTANTS AND ADDRESSED, AFTER WHICH THE RETURN IS FINALIZED AND APPROVED FOR FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO TRUSTEES, PRINCIPAL OFFICERS, AND MEMBERS OF ANY COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. THE POLICY IS REVIEWED ON AN ANNUAL BASIS AND EACH TRUSTEE MUST SIGN A STATEMENT AFFIRMING THAT HE/SHE IS AWARE OF AND UNDERSTANDS THE POLICY. UPON DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN OWN BENEFIT, AND THE CORPORATION'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION BY MAJORITY VOTE AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. IT IS POSTED ON THE GUIDESTAR.ORG WEBSITE AND OTHER SIMILAR WEBSITES. THE ORGANIZATION'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN INTEREST IN NET ASSETS OF CATHOLIC FND. FOR BROOKLYN & QUEENS 52,492. WRITE-OFF OF UNCOLLECTIBLE PLEDGES -320,658. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |
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