2025-10-15T16:02:35-05:00 2024-12-31 462982708 FITZPATRICK LEARY & SZARKOLLC 1447 YORK ROAD STE 703 LUTHERVILLE MD 21093 990 2024-01-01 522180378 NEW FUTURES NEWF 2023845854 609 H STREET NE 500 WASHINGTON DC 200027184 DR SHERROD WILLIAMS CEO 2023845854 2025-06-10 1 0 VINCENT GREY CPA P01729840 4103071400 2025-06-10 2024 2025-03-06 01:10:19Z DR SHERROD WILLIAMS 609 H STREET NE NO 500 WASHINGTON DC 200027184 3763898 0 X WWW.NEWFUTURESDC.ORG X 1999 DC TO CREATE POST-SECONDARY EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED INIDIVIDUALS IN DC AREA. 11 11 16 106 0 0 1591330 3614326 0 0 54355 113337 116942 -89035 1762627 3638628 418150 394608 0 0 1196496 1439225 79890 30100 517856 444190 495883 2138726 2359816 -376099 1278812 2585787 3940715 1347103 1264829 1238684 2675886 X MISSION: 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. 0 0 1341434 394608 NEW 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. 1341434 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X DR SHERROD WILLIAMS 2023845854 609 H STREET NE NO 500 WASHINGTON DC 200027184 KIM VINICK CHAIR 4.00 X X 0 0 0 HEATHER WATHINGTON PHD VICE CHAIR 4.00 X X 0 0 0 ELIZABETH HAILE HAYES SECRETARY 4.00 X X 0 0 0 SUSAN KRAUSE BELL PHD TREASURER 4.00 X X 0 0 0 LORI JACKSON BOARD MEMBER 2.00 X 0 0 0 KENDRA GRINNAGE BOARD MEMBER 2.00 X 0 0 0 JUSTIN DUFOUR BOARD MEMBER 2.00 X 0 0 0 JEFF OBERSTEIN BOARD MEMBER 2.00 X 0 0 0 SELVON WALDRON BOARD MEMBER 2.00 X 0 0 0 MARY ZMUDA BOARD MEMBER 2.00 X 0 0 0 RICHA BATRA BOARD MEMBER 2.00 X 0 0 0 SHERROD WILLIAMS CHEIF EXECUTIVE OFFICER 40.00 X 204949 0 8474 MOLLY FRIESENBORG DIRECTOR OF SCHOLAR PROGRAMS 40.00 X 104560 0 13237 SHIREE SKINNER DIRECTOR OF DEV. & COMMUNICATIONS 40.00 X 111335 0 12852 GRISELDA MACIAS DIRECTOR OF PROGRAMS 40.00 X 112007 0 6536 JAMILA WILLIAMS DIRECTOR OF PEOPLE, CULTURE & OPERATIONS 40.00 X 110277 0 7390 643128 0 48489 5 0 1 0 0 318964 3295362 3614326 113337 113337 36000 0 36000 36000 36000 0 318964 125270 -125270 -125270 OTHER INCOME 999999 235 235 235 3638628 0 0 24302 394608 394608 204949 114418 31861 58670 1051398 586967 163451 300980 83527 41842 18319 23366 99351 49769 21789 27793 19729 205 19375 149 30100 30100 75905 790 74542 573 11375 815 1337 9223 8101 5014 2620 467 59038 614 57979 445 93629 55871 10745 27013 10639 5821 4116 702 1481 1481 6750 6750 CONTRACT STAFF 45627 19116 10802 15709 STAFF TRAINING 44121 5811 38310 SCHOLAR EXPENSES 36796 36656 30 110 BOARD FUNCTIONS 20901 65 20836 61791 23052 16183 22556 2359816 1341434 500526 517856 1007756 266496 1955021 140853 363016 171516 7661 64228 22057 8343 228131 13714 965056 1173370 14167 155517 2585787 3940715 1118284 1116182 228819 148647 1347103 1264829 X 1007684 2520033 231000 155853 1238684 2675886 2585787 3940715 1278812 158390 0 X X 0 1 X 1 0 X 2690432 1211665 1425554 1591330 3614326 10533307 2690432 1211665 1425554 1591330 3614326 10533307 3786070 6747237 121381 159715 17629 51389 149337 499451 11032758 0.61160 0.68560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22057 8343 13714 13714 SECURITY DEPOSITS 6000 LEASE LIABILITY 142647 148647 X 3954888 158390 157870 316260 3638628 0 3638628 2517686 157870 157870 2359816 0 2359816 PART X, LINE 2: THE 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. X X X X X X 1 ELEVATE 2424 18TH ST NW STE C2 WASHINGTON DC 20009 GRANT WRITING ON CONTRACT 0 2120000 8500 2111500 T NOBLES GRANT CONSULTING LLC PO BOX 638 BRICE OH 43109 GRANT WRITING ON CONTRACT 0 420300 21600 398700 2540300 30100 2510200 ANNUAL BENEFIT 318964 318964 125270 318964 318964 125270 125270 -125270 1 AWARDED SCHOLARSHIPS 71 394608 PART I, LINE 2: NEW 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. X 0 0 0 0 0 0 0 0 0 SHERROD WILLIAMS CHEIF EXECUTIVE OFFICER 204949 0 0 0 0 0 0 0 8474 0 213423 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C ON 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 15 THE 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 19 THE 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.