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)

4 risk indicators measuring financial stability and operational resilience

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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 PREPARE NORTH CAROLINA FOR THE FUTURE BY EMPOWERING INDIVIDUALS AND LEADERS WITH CURRENT DATA AND BEST PRACTICES TO DRAMATICALLY INCREASE ATTAINMENT OF INDUSTRY VALUABLE CREDENTIALS AND POSTSECONDARY DEGREES BY 2030.

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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 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
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
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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