MYFUTURENCINC

EIN: 842326658 501(c)(3) Education

RALEIGH, NC

Total Revenue
$3,782,304
Total Expenses
$3,713,615
Total Assets
$8,527,039
Net Assets
$6,463,012
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Principal Officer
CECILIA HOLDEN KNIGHT
Phone
9196497834
Tax Period
2024-01-01 to 2024-12-31

MYFUTURENCINC, founded in 2019, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2024.

Mission

MYFUTURENC, INC.'S MISSION IS TO CLOSE GAPS IN EDUCATIONAL ACCESS AND PROMOTE A SHARED VISION FOR AN EDUCATION-THROUGH-WORKFORCE CONTINUUM TO ENSURE NORTH CAROLINA'S ECONOMIC VIABILITY IN THE GLOBAL MARKET.

Program Service Accomplishments

Program 1
Expenses: $949,894

LOCAL INITIATIVES - PROGRAMMATIC EFFORTS TO CONVENE REGIONAL/COUNTY LEADERS AND RAISE AWARENESS IN SUPPORT OF NEW AND ONGOING LOCAL AND REGIONAL EDUCTIONAL ATTAINMENT FOCUSED INITIATIVE.

Program 2
Expenses: $517,004

DATA - PROGRAMMATIC EFFORTS TO MEASURE PROGRESS TOWARD NORTH CAROLINA EDUCATIONAL ATTAINMENT GOALS INCLUDING THE DEVELOPMENT, PUBLICATION, AND UPDATE OF A DATA DASHBOARD.

Program 3
Expenses: $483,152

EDUCATIONAL ADVOCACY & LABOR MARKET ALIGNMENT - PROGRAMMATIC EFFORTS TO (1) CONVENE, ENGAGE AND DRIVE AWARENESS WITH THE PUBLIC AND KEY PARTNERS TO INSPIRE A DEEP COMMITMENT TO IMPROVING EDUCATIONAL...

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EDUCATIONAL ADVOCACY & LABOR MARKET ALIGNMENT - PROGRAMMATIC EFFORTS TO (1) CONVENE, ENGAGE AND DRIVE AWARENESS WITH THE PUBLIC AND KEY PARTNERS TO INSPIRE A DEEP COMMITMENT TO IMPROVING EDUCATIONAL ATTAINMENT IN NORTH CAROLINA, (2) ALIGN AND COORDINATE STATE-LEVEL ATTAINMENT AND TALENT DEVLOPMENT EFFORTS WITH LABOR MARKET NEED AND (3) ADVANCE THE DEVELOPMENT, IMPLEMENTATION AND SCALING OF EVIDENCE-BASED EDUCATIONAL ATTAINMENT FOCUSED PRACTICES AND POLICIES. FAFSA AWARENESS/INCREASE ENROLL CAMPAIGN,

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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 $3,695,385
Program Service Revenue $0
Investment Income $77,775
Other Revenue $9,144
TOTAL REVENUE $3,782,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,173,551
Fundraising Expenses $219,149
Program Expenses $2,994,229
Other Expenses $1,540,064
TOTAL EXPENSES $3,713,615

Year-over-Year Comparison

2024 2023 Change
Revenue $3,782,304 $3,871,657 0.0%
Expenses $3,713,615 $3,721,364 0.0%
Net Income $68,689 $150,293 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
19
Volunteers
21

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
2
$371,875
Total Directors
21
$0
Key Employees
1
$163,500
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CECILIA HOLDEN KNIGHT PRESIDENT & 50.00
Officer
$250,000 $0 $250,000
JESSICA BULLARD SWENCKI DEPUTY DIREC 40.00
Key Emp
$163,500 $0 $163,500
MELANY REEVES CLARK DIRECTOR OF 40.00
Highest
$129,820 $0 $129,820
LISA CONVERY-LOPEZ DIRECTOR OF 40.00
Officer
$121,875 $0 $121,875
LISA ADKINS DIRECTOR OF 40.00
Highest
$116,000 $0 $116,000
DEANNA BALLARD BOARD MEMBER 1.00
Director
$0 $0 $0
KATHRYN BLACK BOARD FINANC 2.00
Director
$0 $0 $0
JACK CECIL BOARD MEMBER 1.00
Director
$0 $0 $0
MARSHALL CHERRY BOARD MEMBER 1.00
Director
$0 $0 $0
GEOFF COLTRANE BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF COX BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN FRALEY BOARD CHAIR 2.00
Director
$0 $0 $0
LYNN GOOD BOARD VICE C 2.00
Director
$0 $0 $0
ANN GOODNIGHT BOARD N & G 2.00
Director
$0 $0 $0
PETER HANS BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN HOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
DONNY LAMBETH BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL LEE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID MOUNTS BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA SPANGLER NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
MC BELK PILON TREASURER/SE 2.00
Director
$0 $0 $0
GARY SALAMIDO BOARD MEMBER 1.00
Director
$0 $0 $0
MACHELLE BAKER SANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
CATHERINE TRUITT BOARD MEMBER 1.00
Director
$0 $0 $0
A HOPE WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $3,782,304 $3,713,615 $8,527,039 $68,689
2023 $3,871,657 $3,721,364 $6,454,167 $150,293
2022 $3,385,195 $3,166,402 $6,058,127 $218,793
2021 $3,498,615 $2,215,404 $5,795,785 $1,283,211
2020 $4,240,000 $1,002,273 $4,553,818 $3,237,727
2019 $1,250,000 $21,367 $1,229,443 $1,228,633
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