FUTURES IGNITE INC

EIN: 421775449 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$1,660,509
Total Expenses
$1,750,586
Total Assets
$627,960
Net Assets
$374,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
MOLLY DELANO
Phone
7188128604
Tax Period
2024-07-01 to 2025-06-30

FUTURES IGNITE INC, founded in 2013, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024.

Mission

FUTURES IGNITE PROVIDES ACADEMIC ENRICHMENT AND YOUTH DEVELOPMENT PROGRAMMING TO STUDENTS ATTENDING UNDER-RESOURCED PUBLIC SCHOOLS IN NEW YORK CITY.IN 2025, THE ORGANIZATION OPERATED AFTER-SCHOOL, IN-SCHOOL, AND SUMMER PROGRAMS SERVING STUDENTS ACROSS TWO PARTNER SCHOOLS. PROGRAMMING INCLUDED COLLEGE AND CAREER READINESS WORKSHOPS AND STRUCTURED CIVIC-SCIENCE LEARNING ACTIVITIES. STUDENTS PARTICIPATED IN PROGRAMMING DURING THE ACADEMIC YEAR AND FULL-TIME DURING THE SUMMER SESSION. BASED ON INTERNAL ASSESSMENTS AND SCHOOL-REPORTED DATA, 82% OF STUDENTS DEMONSTRATED ACADEMIC IMPROVEMENT, AND 94% OF GRADUATING SENIORS ENROLLED IN POSTSECONDARY EDUCATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,658,223
Program Service Revenue $0
Investment Income $147
Other Revenue $2,139
TOTAL REVENUE $1,660,509

Expense Breakdown

Grants Paid $30,680
Salaries & Benefits $1,156,622
Fundraising Expenses $318,299
Program Expenses $1,169,059
Other Expenses $518,069
TOTAL EXPENSES $1,750,586

Year-over-Year Comparison

2024 2023 Change
Revenue $1,660,509 $1,709,214 0.0%
Expenses $1,750,586 $1,999,580 -0.1%
Net Income $-90,077 $-290,366 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
12
Independent Members
12
Employees
22
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$158,271
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YEMISI YOOSUF CO-CHAIR 15.00
Officer Director
$0 $0 $0
KRISTIN OHNSTAD CO-CHAIR 15.00
Officer Director
$0 $0 $0
JENNIFER NEGRON VICE CHAIR 10.00
Officer Director
$0 $0 $0
AGNES MENTRE DIRECTOR 10.00
Director
$0 $0 $0
ARAVIND MOHAN DIRECTOR 5.00
Director
$0 $0 $0
ANDREW MORRIS DIRECTOR 5.00
Director
$0 $0 $0
KAREN PHILLIPS DIRECTOR 5.00
Director
$0 $0 $0
SERGIO ABRAMOVICH DIRECTOR 5.00
Director
$0 $0 $0
BRIAN BURT DIRECTOR 5.00
Director
$0 $0 $0
ELAINE ROCHA DIRECTOR (BEGAN 9/24) 5.00
Director
$0 $0 $0
JOEL PERELMUTH DIRECTOR 5.00
Director
$0 $0 $0
AMRIKA FRANCISCO DIRECTOR (THRU 6/15/25) 5.00
Director
$0 $0 $0
JONATHAN VAZCONES DIRECTOR 5.00
Director
$0 $0 $0
MOLLY DELANO EXECUTIVE DIRECTOR 40.00
Officer
$156,890 $1,381 $158,271
JANELL BARTLEY SENIOR DIRECTOR 40.00
Highest
$105,679 $39,124 $144,803
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,660,509 $1,750,586 $627,960 $-90,077
2024 $1,709,214 $1,999,580 $936,125 $-290,366
2023 $1,733,224 $1,762,340 $1,037,706 $-29,116
2022 $1,268,785 $1,124,638 $1,011,729 $144,147
2021 $881,705 $556,544 $879,524 $325,161
2020 $701,193 $472,966 $435,795 $228,227
2019 $395,319 $457,366 $194,514 $-62,047
2018 $382,038 $375,675 $240,157 $6,363
2018 $382,038 $372,675 $240,157 $9,363
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