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FUTURES IN EDUCATION
BROOKLYN, NY · EIN 205496382 · Form 990 · FY2023 · NTEE B12 · Education · Medium ($1M-$10M) · futuresineducation.org
revenue
$7.7M
expenses
$7.4M
net assets
$11.7M
employees
0
volunteers
26
program ratio
86%
mission · from form 990

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.

profile · synthesized from sources

Scholarship granting organization providing partial tuition assistance to students from low-income families attending Catholic schools in Brooklyn and Queens. Operates as a fiscal sponsor for scholarship programs and partners with Children’s Scholarship Fund to administer awards. Supports students in grades K-12 through need-based grants funded by donations and endowment income.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $2.02M
    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.
  2. #2 $1.50M
    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.
named programs · 4 · from sources

What they call their work

Be An Angel to a Student Program
Sponsorship program matching individual donors ("Angels") with students in need; requires students to maintain academic and attendance standards and exchange correspondence with donors.
Bishop's Scholarship Program
Partnership with Children’s Scholarship Fund to provide need-based scholarships for students in Catholic schools in Brooklyn and Queens.
Futures in Education Scholarship Program
Provides partial tuition scholarships to students in grades K-8 attending Catholic schools in Brooklyn and Queens based on financial need and eligibility criteria.
Teddy J. Forstmann Scholarship Program
Administered in partnership with Children’s Scholarship Fund to support students transferring from public to Catholic schools based on financial need.
activities · 4 groups

What they do

  • Private K–12 School Support 1 activity
    • Awarding need-based scholarships to K–12 students in Catholic schools
      Funds partial tuition for students in Catholic elementary and secondary schools in Brooklyn and Queens through endowment funds, private donations, and fundraising programs. In fiscal year 2024, awarded scholarships to 1,689 students, including 714 through the Be An Angel to a Student program.
  • Charity Golf Tournament Fundraiser 1 activity
    • Organizing donor engagement and fundraising events
      Hosts annual fundraising events including a Scholarship Fund Dinner attended by 850 adults and a golf and tennis outing at Hempstead Country Club to support access to Catholic education.
  • School-Specific Educational Support 1 activity
    • Supporting Catholic schools and alumni engagement
      Provides capacity-building support to Catholic elementary schools by helping them reconnect with alumni to strengthen development and fundraising efforts.
  • Uncategorized 2 activities
    • Administering structured scholarship participation requirements
      Requires scholarship recipients in the Angel program to maintain academic, attendance, and conduct standards, and to submit personal letters and photos annually to support accountability and donor engagement.
    • Facilitating donor-recipient relationships in scholarship programs
      Matches students with donors and facilitates ongoing communication through letters, photos, progress reports, and events such as the annual Angel Reception to strengthen engagement and stewardship.
financials · form 990 · fy2023
revenue
Total revenue$7.72M
Contributions & grants$7.52M97%
Program service revenue$00%
Investment income$414K5%
Other revenue$-220K
expenses
Total expenses$7.39M
Program expenses86%
Admin / overhead7%
Fundraising6%
Salaries & benefits$0
Grants paid out$5.76M
Largest expense lineProfessional Fees
balance sheet
Total assets$11.99M
Cash$2.72M
Investments$7.35M
Liabilities$332K
Net assets$11.66M
Liquid reserves16.4 mo
5 years on record · 2019–2023 · YoY revenue -18.2%
leadership · form 990 part vii · fy2023

Who runs it

board members · 22
  • BISHOP ROBERT J BRENNAN — TRUSTEE
  • DEACON KEVIN MCCORMACK — TRUSTEE
  • HON A GAIL PRUDENTI — TRUSTEE THRU JUN 2024
  • MR CARLO A SCISSURA ESQ — TRUSTEE
  • MR CARMINE RUBINO — TRUSTEE
  • MR CHRISTIAN GARCIA — TRUSTEE
  • MR JOHN G DUANE — TRUSTEE
  • MR JOSEPH MATTONE SR ESQ — TRUSTEE THRU MAR 2024
  • MR JOSEPH SCIAME — TRUSTEE
  • MR LESTER J OWENS — TRUSTEE
  • MR LOUIS GRASSI — TRUSTEE THRU APR 2024
  • MR MARTIN COTTINGHAM VICE — CHAIRPERSON
  • MR ROBERT B CATELL — TRUSTEE
  • MR ROBERT F GARTLAND — VICE CHAIR THRU APR 2024
  • MR STEVEN STELLA — TRUSTEE
  • MR THOMAS FLOOD — TRUSTEE
  • MR WILLAIM MAIER — TRUSTEE
  • MR WILLIAM J HOGAN — TRUSTEE
  • MRS ANA OLIVEIRA — TRUSTEE
  • MRS DONNA MURPHY — TRUSTEE
  • MRS REGINA DEDICK — TRUSTEE
  • MRS ROSEANN PARADISO FODERA — ESQ. TRUSTEE
relationships · 8

Who they work with

  • Catholic Alumni Partnership Partner — Collaborates with Catholic alumni to support grammar schools and maintain connections with former students.
  • Catholic Alumni Partnership (CAP) Partner — Partnership program that reconnects alumni with their Catholic elementary schools to support local school development.
  • Catholic Foundation for Brooklyn and Queens Partner — Provides staff support through a contracted agreement, with shared staffing between the two organizations.
  • Children's Scholarship Fund Partner — Collaborates with Children's Scholarship Fund to stimulate enrollment of students from public schools into Catholic schools.
  • Children’s Scholarship Fund Partner — Collaborates with Children’s Scholarship Fund, which administers the Teddy J. Forstmann and Bishop’s Scholarship programs.
  • Diocese of Brooklyn Government — Faith-based educational affiliate providing oversight or affiliation.
  • Diocese of Brooklyn Government — Partner diocese serving Brooklyn and Queens where Futures in Education operates.
  • New York State Catholic Conference Partner — Collaborates on advocacy and resource sharing related to the Federal Scholarship Tax Credit.
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Alumni-Driven School Sustainability
    methodology: alumni_driven_sustainability
    By re-engaging Catholic school alumni as donors and supporters, we strengthen school sustainability through community ties, because personal connections to former schools motivate ongoing financial and relational investment.
  • Donor Trust Through Accountability
    methodology: donor_restricted_giving_with_independent_audit
    By using legally protected donor-restricted gifts and annual independent audits, we ensure funds are used as intended, because transparency and compliance strengthen donor confidence and long-term giving.
  • Equitable Access Through Tuition Assistance
    methodology: equitable_access_through_tuition_assistance
    By providing need-based tuition assistance, we enable access to Catholic education for financially needy students regardless of religious denomination, because removing economic barriers ensures equitable opportunity and upholds the belief that financial hardship should not prevent education.
  • Relational Sponsorship Model
    methodology: relational_sponsorship
    By combining financial aid with emotional and relational support, we foster student confidence and long-term success, because sustained personal connections address both material and psychosocial needs in education.
  • Tax-Credit Scholarship Funding Model
    methodology: tax_credit_scholarship_model
    By leveraging private donations through federal tax credits, we generate scholarship funding without relying on public funds, because this financial mechanism incentivizes donor participation while expanding sustainable access to education.