BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FUTURES IN EDUCATION, founded in 2006, is a community nonprofit in the Education sector that reported $7.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $7.4M left a modest 4% surplus.
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.
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...
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.
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...
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,715,662 | $9,429,112 | -0.2% |
| Expenses | $7,388,377 | $7,408,139 | 0.0% |
| Net Income | $327,285 | $2,020,973 | -0.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MS VERONICA TSANG | CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MR MARTIN COTTINGHAM VICE | CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MR ROBERT F GARTLAND | VICE CHAIR THRU APR 2024 | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| REVEREND KEVIN P ABELS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| BISHOP ROBERT J BRENNAN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR ROBERT B CATELL | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| REV MSGR DAVID L CASSATO | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MRS REGINA DEDICK | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR JOHN G DUANE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR THOMAS FLOOD | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR CHRISTIAN GARCIA | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| REV MSGR JAMIE J | GIGANTIELLO TRUSTEE THRU NOV 2023 | 2.00 |
Director
|
$0 | $0 | $0 |
| MR LOUIS GRASSI | TRUSTEE THRU APR 2024 | 2.00 |
Director
|
$0 | $0 | $0 |
| MR WILLIAM J HOGAN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR WILLAIM MAIER | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR JOSEPH MATTONE SR ESQ | TRUSTEE THRU MAR 2024 | 2.00 |
Director
|
$0 | $0 | $0 |
| DEACON KEVIN MCCORMACK | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MRS DONNA MURPHY | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MRS ANA OLIVEIRA | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR LESTER J OWENS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MRS ROSEANN PARADISO FODERA | ESQ. TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| HON A GAIL PRUDENTI | TRUSTEE THRU JUN 2024 | 2.00 |
Director
|
$0 | $0 | $0 |
| MR CARMINE RUBINO | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR JOSEPH SCIAME | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR CARLO A SCISSURA ESQ | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR STEVEN STELLA | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MR JOHN NOTARO | EXECUTIVE DIRECTOR | 14.00 |
Officer
|
$0 | $0 | $0 |
| MRS AIDA TORRES | SECRETARY | 0.80 |
Officer
|
$0 | $0 | $0 |
| MRS NICOLE STEINWEISS | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $7,715,662 | $7,388,377 | $11,991,220 | $327,285 |
| 2023 | $9,429,112 | $7,408,139 | $12,150,556 | $2,020,973 |
| 2022 | $8,418,003 | $7,410,168 | $11,513,350 | $1,007,835 |
| 2021 | $8,970,011 | $7,343,412 | $11,663,497 | $1,626,599 |
| 2020 | $8,686,843 | $8,493,467 | $9,663,115 | $193,376 |
| 2018 | $7,439,660 | $7,147,188 | $12,190,504 | $292,472 |
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