FUTURES IN EDUCATION

Changing Lives Through The Gift of Education

aka Futures in Education   |   Brooklyn, NY   |  http://www.futuresineducation.org/

Mission

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. We provide assistance to the neediest of those students, through endowment funds and fundraising programs that focus on key educational priorities.

Ruling year info

2007

Executive Director

Mr. John Notaro

Main address

243 Prospect Park West

Brooklyn, NY 11215 USA

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EIN

20-5496382

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

Roman Catholic (X22)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Futures awarded over $7.1 million through over 4,400 scholarships to students in K through 12; however, we calculate that a $7 million shortfall leaves over 2,400 qualified students without aid. Nearly 40% of the residents of Brooklyn and Queens live below 200% of the poverty line and over 41% are foreign-born. Futures scholarship recipients have a median annual household income of $30,000 and 31% of families awarded scholarships live at or below the poverty. The students and families who receive tuition assistance scholarships from Futures reflect the economic hardships of our two boroughs. More than 50% of recipient families do not receive enough support to meet their true need, which means they are constantly struggling to fulfill their commitment to a quality education for their children. By providing sufficient scholarship assistance, we can promote greater academic success for deserving students and help their families break the cycle of poverty through quality education.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Be An Angel To A Student Program

An Angel helps subsidize the cost of Catholic grammar school tuition to a student by providing partial tuition assistance starting at $2,000/year. By becoming an Angel, you not only provide the financial support to a student in need, but you also represent the confidence a child needs in order to succeed through grammar school and beyond. Your investment in your Angel student’s education is truly a life-changing gift.

As an Angel to a student, your investment in a student’s life goes far beyond a tuition payment. Angels and their students correspond via notes, cards and drawings, and all Angels receive progress reports to ensure their student’s success.

Angels meet their students at an annual celebration, the Angel Reception, and can also visit the student’s school for plays, recitals or graduation ceremonies.

Angels have the chance to become involved in a student’s life in a positive, impactful way and witness the fruit of their student’s academic and spiritual life.

Population(s) Served

The Catholic Alumni Partnership (CAP) is aimed at helping Catholic elementary schools reconnect with their alumni. Ultimately, CAP’s vision is to create a sustainable fundraising program for every Catholic elementary school, with alumni support as its foundation. In the Diocese of Brooklyn, serving Brooklyn and Queens, the trend of declining enrollment and closed schools is turning around. As the schools convert to an Academy model governed by a board of directors, they are being positioned for the future. Thanks to the generosity and support of cherished alumni, the schools continue to provide the caring, nurturing environment that produces a quality, faith and morals-based Catholic education.

Population(s) Served

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The mission of Futures in Education (Futures) is to ensure that an excellent Catholic education continues to be a viable option for current and future generations of deserving students in Brooklyn and Queens through tuition assistance and program support to some of the most under-served schools and academies. Many students receive the exciting news that they have been accepted to a Catholic school only to realize that their families simply cannot afford it. It is Futures’ vision to ensure that a Catholic school education is not solely for children of those with financial means, but rather open to all who desire it.

Futures in Education's strategic process involves identifying ways in which we can best advance our mission to fund the education of low-income deserving students in Brooklyn and Queens who attend Catholic elementary schools in the Brooklyn Diocese. With the guidance of our Executive Director and board, our staff engages in a variety of fundraising efforts, including requesting contributions from individuals, companies, foundations and special events. We are fully committed to meeting our fundraising goals and committed to revisiting strategies on an ongoing basis as our internal and external environments change. Through this process, we are able to determine our staff's capacity to accomplish goals and we also look ahead and plan for the future on a continuous basis.

Futures has a proven track record in successfully fundraising for students. We have provided over $100 million of these scholarships for over 28,000 children since inception in 1989. Futures in Education is governed by a Board of Trustees comprised of 21 individuals in high-level leadership positions in finance, business, higher education, law, and religious sectors. The Board of Trustees may include up to three members designated by the Bishop of the Roman Catholic Diocese of Brooklyn and up to 30 total members who are elected. The Board’s elected officers are the Chairman, Vice Chairman, Executive Director, Secretary, and Treasurer. Futures’ staff, led by Executive Director John Notaro, currently has 20 full-time employees with years of experience in fundraising, program management, business management, event planning, marketing, communications and a variety of administrative skills and educational requirements to fulfill their roles. Created in 2018, the Future Leaders Next Generation Board, made up of several young professionals who support the mission of Futures through advocacy, volunteerism, and fundraising, supplements the Board of Trustees.

Futures’ is pleased to report the following fundraising accomplishments in the past year:

-The 2018 Round for Kids Golf Outing, held in June at the North Hills Country Club, raised $200,000 for scholarships
-The 2018 Annual Scholarship Dinner, Futures’ major fundraising event held in October at Cipriani Wall Street, raised more than $2 million in support of Futures’ programs
-Since our launch in 1989, Futures has awarded over $100 million in scholarships to more than 28,000 students, and $50 million of that tuition assistance has been in just the past seven years

Furthermore, Futures achieved several academic accomplishments that directly speaks to the value, quality and success of Futures’ programs:

-1,664 students (71% of 8th grade graduates) went on to attend Catholic or other specialized high schools
-503 students were offered $4.3 million in merit-based scholarships to attend these high schools
-46 students were accepted into specialized schools
-In 2017, 99% of students in Catholic secondary schools graduated within four years compared to 74.3% for all NYC high schools, and 74.4% and 77.8% of Brooklyn and Queens public schools, respectively
-98% of Catholic secondary school graduates went on to college while only 63.5% of NYC high school graduates were considered college-ready
-ELA and Math test results consistently outpaced NYS and NYC schools
Per pupil spending averaged $7,500 compared to $20,729 per pupil in NYC public schools, saving NYC taxpayers over $700 million annually

Financials

FUTURES IN EDUCATION
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

FUTURES IN EDUCATION

Board of directors
as of 8/6/2020
SOURCE: Self-reported by organization
Board chair

Mr. Robert Catell

Advanced Energy Research & Technology Center (AERTC) at New York State University, at Stony Brook University

Nicholas DiMarzio

Roman Catholic Diocese of Brooklyn

Robert Catell

Advanced Energy Research & Technology Center (AERTC) at New York State University, at Stony Brook University

Martin Cottingham

Avison Young

Thomas Flood

St. Francis College

Robert Gartland

The Gartland & Mellina Group

Jamie Gigantiello

Vicar for Development Diocese of Brooklyn

Louis Grassi

Grassi & Co.

Kieran Harrington

Vicar for Communications Roman Catholic Diocese of Brooklyn

William Hogan

NetApp

John Loconsolo

Locon Realty Corp.

Joseph Mattone

Mattone Group, LLC

Charles McQuade (Emeritus)

SIAC

Arthur Mirante (Emeritus)

Avison Young

Lester Owens

JPMorgan Chase

Regina Pitaro (Emeritus)

Gabelli Funds, LLC

Bruce Ratner (Emeritus)

Forest City Ratner Companies

Joseph Sciame

St. John’s University

Anthony Bonomo (Emeritus)

Professions, Inc.

John Duane

US Trust Bank of America

Michael O'Keeffe (Emeritus)

Restaurateur

Alex Perez

MBF Clearing Corp.

Carlo Scissura

New York Building Congress

Louis Milo

Milrose Consultants, Inc.

Christian Garcia

Broadridge Enterprise Account Management

Steven Stella

Jzanus Home Care, Inc.

Veronica Tsang

Cathay Bank

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No