NEW FUTURES: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
NEW FUTURES (EIN 52-2180378)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-15
IRS object ID
202542889349302514
Schema version
2024v5.1
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

FieldValueIRS element (for citing)
Return2025-10-15T16:02:35-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN462982708PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FITZPATRICK LEARY & SZARKOLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11447 YORK ROAD STE 703AddressLine1Txt
CityLUTHERVILLECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21093ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN522180378EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW FUTURESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEWFBusinessNameControlTxt
Phone2023845854PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1609 H STREET NE 500AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200027184ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR SHERROD WILLIAMSPersonNm
Person TitleCEOPersonTitleTxt
Phone2023845854PhoneNum
Signature2025-06-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVINCENT GREY CPAPreparerPersonNm
PTINP01729840PTIN
Phone4103071400PhoneNum
Preparation2025-06-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR SHERROD WILLIAMSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1609 H STREET NE NO 500AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200027184ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,763,898GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NEWFUTURESDC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionTO CREATE POST-SECONDARY EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED INIDIVIDUALS IN DC AREA.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee16TotalEmployeeCnt
Total Volunteers106TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,591,330PYContributionsGrantsAmt
CY Contributions Grants$3,614,326CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$54,355PYInvestmentIncomeAmt
CY Investment Income$113,337CYInvestmentIncomeAmt
PY Other Revenue$116,942PYOtherRevenueAmt
CY Other Revenue-$89,035CYOtherRevenueAmt
PY Total Revenue$1,762,627PYTotalRevenueAmt
CY Total Revenue$3,638,628CYTotalRevenueAmt
PY Grants And Similar Paid$418,150PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$394,608CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,196,496PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,439,225CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$79,890PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$30,100CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$517,856CYTotalFundraisingExpenseAmt
PY Other Expenses$444,190PYOtherExpensesAmt
CY Other Expenses$495,883CYOtherExpensesAmt
PY Total Expenses$2,138,726PYTotalExpensesAmt
CY Total Expenses$2,359,816CYTotalExpensesAmt
PY Revenues Less Expenses-$376,099PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,278,812CYRevenuesLessExpensesAmt
Total Assets BOY$2,585,787TotalAssetsBOYAmt
Total Assets EOY$3,940,715TotalAssetsEOYAmt
Total Liabilities BOY$1,347,103TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,264,829TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,238,684NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,675,886NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionMISSION: TO CREATE EDUCATIONAL OPPORTUNITIES FOR REWARDING CAREERS. THE ORGANIZATION PROVIDES A PRACTICAL YET INNOVATIVE PROGRAM OF SCHOLARSHIPS, CAREER EDUCATION SERVICES, AND SUPPORT TO LOW-INCOME DC-AREA YOUNG PEOPLE PURSUING SHORTER-TERM POST-SECONDARY EDUCATIONAL OPPORTUNITIES TOWARD FULFILLING CAREERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,341,434ExpenseAmt
Grant$394,608GrantAmt
DescNEW FUTURES PROVIDES AN INNOVATIIVE 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.Desc
Total Program Service Expenses$1,341,434TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document17IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee16EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DR SHERROD WILLIAMSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2023845854PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1609 H STREET NE NO 500AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200027184ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
KIM VINICK
CHAIR4.00Yes (X)Yes (X)$0$0$0
HEATHER WATHINGTON PHD
VICE CHAIR4.00Yes (X)Yes (X)$0$0$0
ELIZABETH HAILE HAYES
SECRETARY4.00Yes (X)Yes (X)$0$0$0
SUSAN KRAUSE BELL PHD
TREASURER4.00Yes (X)Yes (X)$0$0$0
LORI JACKSON
BOARD MEMBER2.00Yes (X)$0$0$0
KENDRA GRINNAGE
BOARD MEMBER2.00Yes (X)$0$0$0
JUSTIN DUFOUR
BOARD MEMBER2.00Yes (X)$0$0$0
JEFF OBERSTEIN
BOARD MEMBER2.00Yes (X)$0$0$0
SELVON WALDRON
BOARD MEMBER2.00Yes (X)$0$0$0
MARY ZMUDA
BOARD MEMBER2.00Yes (X)$0$0$0
RICHA BATRA
BOARD MEMBER2.00Yes (X)$0$0$0
SHERROD WILLIAMS
CHEIF EXECUTIVE OFFICER40.00Yes (X)$204,949$0$8,474
MOLLY FRIESENBORG
DIRECTOR OF SCHOLAR PROGRAMS40.00$104,560$0$13,237Yes (X)
SHIREE SKINNER
DIRECTOR OF DEV. & COMMUNICATIONS40.00$111,335$0$12,852Yes (X)
GRISELDA MACIAS
DIRECTOR OF PROGRAMS40.00$112,007$0$6,536Yes (X)
JAMILA WILLIAMS
DIRECTOR OF PEOPLE, CULTURE & OPERATIONS40.00$110,277$0$7,390Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$643,128TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$48,489TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$318,964FundraisingAmt
All Other Contributions$3,295,362AllOtherContributionsAmt
Total Contributions$3,614,326TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$113,337TotalRevenueColumnAmt
Exclusion$113,337ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$36,000RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$36,000RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$36,000TotalRevenueColumnAmt
Exclusion$36,000ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$318,964ContriRptFundraisingEventAmt
Fundraising Direct Expenses$125,270FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$125,270TotalRevenueColumnAmt
Exclusion-$125,270ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business999999BusinessCd
Total Revenue Column$235TotalRevenueColumnAmt
Exclusion$235ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$235OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,638,628TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$24,302ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$394,608TotalAmt
Program Services$394,608ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$204,949TotalAmt
Program Services$114,418ProgramServicesAmt
Management And General$31,861ManagementAndGeneralAmt
Fundraising$58,670FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,051,398TotalAmt
Program Services$586,967ProgramServicesAmt
Management And General$163,451ManagementAndGeneralAmt
Fundraising$300,980FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$83,527TotalAmt
Program Services$41,842ProgramServicesAmt
Management And General$18,319ManagementAndGeneralAmt
Fundraising$23,366FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$99,351TotalAmt
Program Services$49,769ProgramServicesAmt
Management And General$21,789ManagementAndGeneralAmt
Fundraising$27,793FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$19,729TotalAmt
Program Services$205ProgramServicesAmt
Management And General$19,375ManagementAndGeneralAmt
Fundraising$149FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$30,100TotalAmt
Fundraising$30,100FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$75,905TotalAmt
Program Services$790ProgramServicesAmt
Management And General$74,542ManagementAndGeneralAmt
Fundraising$573FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$11,375TotalAmt
Program Services$815ProgramServicesAmt
Management And General$1,337ManagementAndGeneralAmt
Fundraising$9,223FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,101TotalAmt
Program Services$5,014ProgramServicesAmt
Management And General$2,620ManagementAndGeneralAmt
Fundraising$467FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$59,038TotalAmt
Program Services$614ProgramServicesAmt
Management And General$57,979ManagementAndGeneralAmt
Fundraising$445FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$93,629TotalAmt
Program Services$55,871ProgramServicesAmt
Management And General$10,745ManagementAndGeneralAmt
Fundraising$27,013FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,639TotalAmt
Program Services$5,821ProgramServicesAmt
Management And General$4,116ManagementAndGeneralAmt
Fundraising$702FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,481TotalAmt
Management And General$1,481ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,750TotalAmt
Management And General$6,750ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
CONTRACT STAFF$45,627$19,116$10,802$15,709
STAFF TRAINING$44,121$5,811$38,310
SCHOLAR EXPENSES$36,796$36,656$30$110
BOARD FUNCTIONS$20,901$65$20,836

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$61,791TotalAmt
Program Services$23,052ProgramServicesAmt
Management And General$16,183ManagementAndGeneralAmt
Fundraising$22,556FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,359,816TotalAmt
Program Services$1,341,434ProgramServicesAmt
Management And General$500,526ManagementAndGeneralAmt
Fundraising$517,856FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,007,756BOYAmt
EOY$266,496EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$1,955,021EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$140,853EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$363,016BOYAmt
EOY$171,516EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$7,661BOYAmt
EOY$64,228EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$22,057LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,343LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$228,131BOYAmt
EOY$13,714EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$965,056BOYAmt
EOY$1,173,370EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$14,167BOYAmt
EOY$155,517EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,585,787BOYAmt
EOY$3,940,715EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,118,284BOYAmt
EOY$1,116,182EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$228,819BOYAmt
EOY$148,647EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,347,103BOYAmt
EOY$1,264,829EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,007,684BOYAmt
EOY$2,520,033EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$231,000BOYAmt
EOY$155,853EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,238,684BOYAmt
EOY$2,675,886EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,585,787BOYAmt
EOY$3,940,715EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,278,812ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$158,390NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,690,432CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,211,665CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,425,554CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,591,330CurrentTaxYearMinus1YearAmt
Current Tax Year$3,614,326CurrentTaxYearAmt
Total$10,533,307TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,690,432CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,211,665CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,425,554CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,591,330CurrentTaxYearMinus1YearAmt
Current Tax Year$3,614,326CurrentTaxYearAmt
Total$10,533,307TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,786,070SubstantialContributorsTotAmt
Public Support Total170$6,747,237PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$121,381CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$159,715CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,629CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$51,389CurrentTaxYearMinus1YearAmt
Current Tax Year$149,337CurrentTaxYearAmt
Total$499,451TotalAmt
FieldValueIRS element (for citing)
Total Support$11,032,758TotalSupportAmt
Public Support CY1700.61160PublicSupportCY170Pct
Public Support PY1700.68560PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$22,057OtherCostOrOtherBasisAmt
Depreciation$8,343DepreciationAmt
Book Value$13,714BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$13,714TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
SECURITY DEPOSITS$6,000
LEASE LIABILITY$142,647
FieldValueIRS element (for citing)
Total Liability$148,647TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,954,888TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$158,390NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$157,870DonatedServicesAndUseFcltsAmt
Revenue Not Reported$316,260RevenueNotReportedAmt
Revenue Subtotal$3,638,628RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,638,628TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,517,686TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$157,870DonatedServicesUseFcltsAmt
Expenses Not Reported$157,870ExpensesNotReportedAmt
Expenses Subtotal$2,359,816ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,359,816TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A PUBLIC CHARITY OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION ACCOUNTS FOR INCOME TAX PROVISIONS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CONCEPT TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CREATES A SINGLE MODEL TO ADDRESS UNCERTAINTY IN TAX POSITIONS AND CLARIFIES THE ACCOUNTING FOR INCOME TAXES, BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES AT DECEMBER 31, 2024 AND 2023 FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION HAS ADOPTED A POLICY UNDER WHICH, IF REQUIRED TO BE RECOGNIZED IN THE FUTURE, IT WILL CLASSIFY INTEREST RELATED TO THE UNDERPAYMENT OF INCOME TAXES AS A COMPONENT OF INTEREST EXPENSE, AND IT WILL CLASSIFY ANY RELATED PENALTIES IN OPERATING EXPENSES IN THE STATEMENT OF ACTIVITIES. NEW FUTURES IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2020.ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
ELEVATE
2424 18TH ST NW STE C2WASHINGTONDC20009GRANT WRITING ON CONTRACT0$2,120,000$8,500$2,111,500
T NOBLES GRANT CONSULTING LLC
PO BOX 638BRICEOH43109GRANT WRITING ON CONTRACT0$420,300$21,600$398,700
FieldValueIRS element (for citing)
Total Gross Receipts$2,540,300TotalGrossReceiptsAmt
Total Retained By Contractors$30,100TotalRetainedByContractorsAmt
Total Net To Organization$2,510,200TotalNetToOrganizationAmt

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1ANNUAL BENEFITEvent1Nm
Gross Receipts Event1$318,964GrossReceiptsEvent1Amt
Charitable Contri Event1$318,964CharitableContriEvent1Amt
Other Direct Expenses Event1$125,270OtherDirectExpensesEvent1Amt
Gross Receipts Total$318,964GrossReceiptsTotalAmt
Charitable Contributions Tot$318,964CharitableContributionsTotAmt
Oth Direct Expnss Total Events$125,270OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$125,270DirectExpenseSummaryEventsAmt
Net Income Summary-$125,270NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeAWARDED SCHOLARSHIPSGrantTypeTxt
Recipient71RecipientCnt
Cash Grant$394,608CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationNEW FUTURES PARTNERS WITH WELL RESPECTED, COMMUNITY-BASED ORGANIZATIONS IN THE WASHINGTON, DC METROPOLITAN AREA. OUR MODEL OF COLLABORATION ALLOWS US TO BUILD ON THE WORK OF OUR COMMUNITY PARTNERS TO PROVIDE YOUNG PEOPLE WITH ACCESS TO POST-SECONDARY EDUCATION.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSHERROD WILLIAMSPersonNm
TitleCHEIF EXECUTIVE OFFICERTitleTxt
Base Compensation Filing Org$204,949BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$8,474NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$213,423TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER ONCE COMPLETED BY THE AUDITORS. ONCE THE CHIEF EXECUTIVE OFFICER IS SATISFIED WITH THE ACCURACY, THE 990 IS THEN PASSED ON TO THE FINANCE COMMITTE FOR REVIEW. IT IS REVIEWED AND ONCE ACCURATE, APPROVED BY THE FINACE COMMITTEE AND PROVIDED TO THE BOARD PRIOR TO SUBMISSION TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CON AN ANNUAL BASIS, ALL INDIVIDUALS COVERED UNDER THE POLICY SHALL BE PROVIDED WITH A COPY OF THE POLICY AND BE REQUIRED TO COMPLETE AND SIGN THE ACKNOWLEDGEMENT AND DISCLOSURE AS PROVIDED BY NEW FUTURES.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD REVIEWS PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER AND VOTES ON ANY COMPENSATION INCREASES. THE BOARD OF DIRECTORS DETERMINES APPROPRIATE COMPENSATION AFTER CONSIDERING LOCAL AREA WAGE STUDIES, EXPERIENCE AND PRIOR ACCOMPLISHMENTS OF THE EXECUTIVE DIRECTOR POSITION AND ALL KEY EMPLOYEES. THE CEO DETERMINES APPROPRIATE COMPENSATION AFTER CONSIDERING LOCAL AREA WAGE STUDIES, EXPERIENCE AND PRIOR ACCOMPLISHMENTS OF ALL KEY EMPLOYEES. MEMBERS OF THE BOARD OF DIRECTORS ARE NOT COMPENSATED
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE.
FORM 990, PART XII, LINE 2C:THE 990 IS THEN PASSED ON TO THE FINANCE COMMITTEE FOR REVIEW. IT IS REVIEWED AND ONCE ACCURATE, APPROVED BY THE FINANCE COMMITTEE AND PROVIDED TO THE BOARD PRIOR TO SUBMISSION TO THE IRS.

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