2025-04-10T11:17:45-05:00 2024-06-30 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-07-01 421775449 FUTURES IGNITE INC FUTU 7188128604 5030 BROADWAY 618 NEW YORK NY 10034 MOLLY DELANO EXECUTIVE DIRECTOR 7188128604 2025-04-10 1 0 MARQUS WHITE P00053187 2126857000 2025-04-09 2023 2025-03-06 01:10:19Z X MOLLY DELANO 5030 BROADWAY 618 NEW YORK NY 10034 1855005 0 X WWW.FUTURESIGNITE.ORG X 2013 NY FUTURES IGNITE AMPLIFIES YOUTH AND COMMUNITY POWER BY INSPIRING, GUIDING AND ADVOCATING FOR YOUTH TO DETERMINE THEIR COLLEGE, CAREER, AND LEADERSHIP FUTURES. 12 12 22 250 0 0 1728295 1707837 0 0 879 1117 4050 260 1733224 1709214 85570 62631 0 0 954038 1347148 0 0 399060 722732 589801 1762340 1999580 -29116 -290366 1037706 936125 282790 471575 754916 464550 X FUTURES IGNITE AMPLIFIES YOUTH AND COMMUNITY POWER BY INSPIRING, GUIDING AND ADVOCATING FOR YOUTH TO DETERMINE THEIR COLLEGE, CAREER, AND LEADERSHIP FUTURES. 0 0 1202080 62631 IN FY24, FUTURES IGNITE ACHIEVED SIGNIFICATION PROGRAM ACCOMPLISHMENTS. SOME OF THESE ACCOMPLISHMENTS INCLUDE: - THE ORGANIZATION LAUNCHED ITS SECOND SCHOOL PARTNER BEYOND ITS FOUNDING SCHOOL PARTNER, WHEELS, EXPANDING TO SERVE IN-TECH ACADEMY IN MARBLE HILL IN THE BRONX. THIS NOW MEANS THE ORGANIZATION IS SERVING TWO PUBLIC HIGH SCHOOLS IN 2 BOROUGHS. - 1000 STUDENTS AND ALUMNI STUDENTS SERVED. - OF THE STUDENTS AND ALUMNI WE SERVE, 90% WILL BE FIRST-GENERATION COLLEGE STUDENTS; 85% CONSIDERED LOW-INCOME; - - 98% IDENTIFY AS STUDENTS OF COLOR; AND, 93.5% IDENTIFY AS LATINX. - 90% DEMONSTRATED GROWTH IN THEIR ABILITY TO PRESENT DATA, EXPRESS OPINIONS, AND CONTRIBUTE TO POSITIVE CHANGE IN THEIR COMMUNITIES.- 90% GAINED EARLY CAREER EXPERIENCE AND EXPANDED THEIR PROFESSIONAL NETWORK. - 89% ENROLLED IN COLLEGE OR A POSTSECONDARY PROGRAM.- 52% ENROLLED IN A CUNY.- 38% ENROLLED IN A SUNY OR PRIVATE COLLEGE.- 7% ENROLLED IN CAREER TRAINING OR ALTERNATIVE POSTSECONDARY PROGRAMS.- 99% COMPLETED THE FAFSA APPLICATION.- 98% ACCESSED FINANCIAL AID AND SCHOLARSHIPS, TOTALING OVER $5M.- 100% DEVELOPED A POSTSECONDARY PLAN.FY24 WAS A SIGNIFICANT YEAR, AS WE ALSO CELEBRATED SEVERAL STAFF AND STUDENT AWARDS AND PUBLICATIONS, OUR LARGEST AND MOST SUCCESSFUL ANNUAL GALA, AND LED OUR LARGEST STAFF TEAM WITH 12 FTES AND 1 PART-TIME STAFF. OUR NOTEWORTHY PROGRAM ACCOMPLISHMENTS WERE MADE POSSIBLE DUE TO THE GROWING TEAM, CLARITY ON OUTCOMES AND DATA COLLECTION, AND STRONG PARTNERSHIPS WITH OUR STUDENTS, SCHOOLS, AND COMMUNITIES. 1202080 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X JANELL BARTLEY 7188128604 5030 BROADWAY SUITE 618 NEW YORK NY 10034 JONATHAN VAZCONES BOARD CHAIR 4.00 X X 0 0 0 JENNIFER NEGRON CO-VICE CHAIR 4.00 X X 0 0 0 KRISTIN OHNSTAD CO-VICE CHAIR 4.00 X X 0 0 0 ARAVIND MOHAN TREASURER 4.00 X X 0 0 0 JOHN CHITI DIRECTOR 4.00 X 0 0 0 KIMANI G ROGERS DIRECTOR 4.00 X 0 0 0 AGNES MENTRE DIRECTOR 4.00 X 0 0 0 ANDREW MORRIS DIRECTOR 4.00 X 0 0 0 JOEL PERELMUTH DIRECTOR 4.00 X 0 0 0 YEMISI YOOSUF DIRECTOR 4.00 X 0 0 0 BRIAN BURT DIRECTOR 4.00 X 0 0 0 KAREN PHILIPS DIRECTOR 4.00 X 0 0 0 MOLLY DELANO EXECUTIVE DIRECTOR 40.00 X 127081 0 0 127081 0 0 1 0 0 0 0 271517 222727 1213593 22608 1707837 1117 1117 145791 271517 145791 0 OTHER INCOME 900099 260 260 260 1709214 0 0 1377 X 62631 62631 158486 79243 15849 63394 976100 639604 143405 193091 126900 80401 17812 28687 85662 54273 12024 19365 104051 104051 247909 152525 63205 32179 69 69 60720 38471 8523 13726 75475 47819 10594 17062 6705 4248 941 1516 4110 4110 4929 3123 692 1114 SUPPLIES AND MATERIALS 33268 22294 4204 6770 EVENTS AND WORKSHOPS 20472 2306 511 17655 MISCELLANEOUS 11048 7750 1221 2077 BANK AND PROCESSING FEE 9679 9679 11366 7392 1550 2424 1999580 1202080 398440 399060 529103 258227 12326 636264 476580 2088 27023 21220 5000 6000 1037706 936125 132717 132439 3053 55812 147020 283324 282790 471575 X 265833 70511 489083 394039 754916 464550 1037706 936125 -290366 0 X 0 1 X 1 0 X 701193 881624 1268536 1728295 1707837 6287485 701193 881624 1268536 1728295 1707837 6287485 1597155 4690330 81 249 879 1117 2326 4050 260 4310 6294121 0.74520 0.76390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LOAN PAYABLE 283324 283324 X 1718414 9200 9200 1709214 0 1709214 2008780 9200 9200 1999580 0 1999580 PART X, LINE 2: THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2021 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. GALA 417308 271517 145791 80720 65071 417308 271517 145791 80720 65071 145791 0 0 STIPENDS 122 38366 SCHOLARSHIPS 8 21672 AWARDS 14 2593 PART I, LINE 2: GRANT RECIPIENTS REPORT THE USE OF FUNDS. FORM 990, PART VI, SECTION B, LINE 11B FINANCE COMMITTEE REVIEWS THE FORM 990, AND THEN FOWARDS THE FORM 990 TO THE BOARD TO APPROVE AND FILE IF THERE ARE NO QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C FUTURES IGNITE HAS A CONFLICT OF INTEREST POLICY THAT THE BOARD OF DIRECTORS SIGN YEARLY. IN ADDITION, EVERY BOARD MEMBER MUST SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE AND A WHISTLEBLOWER FORM. IN ADDITION, THE CHAIR OF THE FINANCE COMMITTEE, JOHN CHITI IN FY24, AND NOW JONATHAN VAZCONES, FORMER BOARD CHAIR (IN FY24, HE HAS SINCE PASSED THE ROLE ONTO NEW BOARD CHAIRS) SERVING AS THE FINANCE COMMITTEE CHAIR, REVIEWS THE QUARTERLY CREDIT CARD SPENDING FOR THE EXECUTIVE DIRECTOR IN PARTICULAR, AS WELL AS THE ENTIRE ORGANIZATION. THESE CREDIT CARD STATEMENTS ARE PROVIDED BY FUTURES IGNITE ACCOUNTING COMPANY, NCHENG, LLP. FOR FY24, THE CREDIT CARD STATEMENTS WERE REVIEWED BY JOHN CHITI. LASTLY, THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE MEMBERS AND FINANCE COMMITTEE COMMUNICATE REGULARLY WITH NCHENG WITHOUT THE EXECUTIVE DIRECTOR, INCLUDING ON ISSUES OF EXECUTIVE COMPENSATION, FINANCIAL STATEMENTS AND CONTROLS, AND MONTHLY REPORTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE OFFICER'S SALARY COMPENSATION IS DETERMINED THROUGH A REVIEW CONDUCTED BY THE BOARD CHAIR AND ONE OF THE TWO VICE CO-CHAIRS, JON VAZCONES AND KRISTIN OHNSTAD. IN ADDITION TO CONDUCTING STAFF FEEDBACK SURVEYS AND INTERVIEWS, THESE BOARD MEMBERS CONSULTED WITH FELLOW BOARD MEMBERS. THEY REVIEWED THE EXECUTIVE DIRECTOR'S PERFORMANCE CONCERNING HER FISCAL YEAR PERFORMANCE GOALS AND PLAN. THE BOARD OF DIRECTORS ALSO REVIEWED AND ANALYZED NONPROFIT SALARY BENCHMARKS, REVIEWING TWO 2022 NONPROFIT COMPENSATION REPORTS BY NONPROFIT NY AND THE NEW YORK COUNCIL OF NONPROFITS. LASTLY, THE BOARD OF DIRECTORS WORKED CLOSELY WITH THE E.D. TO APPROVE HER FY24 PERFORMANCE GOALS AND PLAN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 111,080. MANAGEMENT AND GENERAL EXPENSES 54,023. FUNDRAISING EXPENSES 17,391. TOTAL EXPENSES 182,494. PROFESSIONAL AND TECHNOLOGY SERVICES: PROGRAM SERVICE EXPENSES 41,445. MANAGEMENT AND GENERAL EXPENSES 9,182. FUNDRAISING EXPENSES 14,788. TOTAL EXPENSES 65,415.