Nonprofit · EIN 13-4063658
FUTURES AND OPTIONS INC
Tax-exempt · NEW YORK, NY 10006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,636,402 | $3,934,658 | -$298,256 | $5,504,934 | $2,143,564 | $3,361,370 |
| June 30, 2024 | 990 | $3,872,666 | $3,754,152 | $118,514 | $5,922,071 | $2,262,445 | $3,659,626 |
| June 30, 2023 | 990 | $3,605,504 | $3,247,645 | $357,859 | $5,876,975 | $2,335,863 | $3,541,112 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,497,942
- of which government grants
- $330,365
- Program service revenue
- $1,031,845
- Investment income
- $106,615
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $192,159
- Compensation of officers, directors and key employees
- $179,300
- Other salaries and wages
- $2,305,891
- Salaries, compensation and benefits (total)
- $2,985,959
- Professional fundraising fees
- $0
- Accounting fees
- $13,500
- Occupancy
- $266,204
- Depreciation
- $50,604
- Program services (functional)
- $3,138,811
- Management and general (functional)
- $428,444
- Fundraising (functional)
- $367,403
Balance sheet and other
- Total assets, start of year
- $5,922,071
- Total assets, end of year
- $5,504,934
- Total liabilities, end of year
- $2,143,564
- Net assets, end of year
- $3,361,370
- Land, buildings and equipment
- $111,506
- Net assets without donor restrictions
- $2,958,110
- Net assets with donor restrictions
- $403,260
- Gross receipts
- $3,883,796
- Employees
- 286
- Volunteers
- 629
- Year formed
- 1999
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN SILVER | EXECUTIVE DIRECTOR Officer | 40 | $172,985 | $3,300 |
| JESSICA MISCHKOT | CHIEF PROGRAM OFFICER Highest-paid employee | 40 | $111,946 | $2,212 |
| DAVID PFEIFER | DIR. OF FINANCE & ADMINISTRATION Highest-paid employee | 40 | $103,353 | $2,042 |
| PAUL ZEMSKY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LISA GRUSHKIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN GOLDSTEIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WRAY THORN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER M SNYDER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ERIN MURPHY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALICE EATON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EFREM SIGEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BENJAMIN SCHRAG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLEEN HSIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL MAGLIOCCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL POMBO | DIRECTOR Trustee or director | 1 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL TANNEBAUM | DIRECTOR Trustee or director | 1 | $0 |
| DAVE MILLER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID SCHIFF | DIRECTOR Trustee or director | 1 | $0 |
| DIANE ARBER | DIRECTOR Trustee or director | 1 | $0 |
| GRACE CHIU | DIRECTOR Trustee or director | 1 | $0 |
| HARNSOWL KO | DIRECTOR Trustee or director | 1 | $0 |
| HUGH NELSON | DIRECTOR Trustee or director | 1 | $0 |
| JASON SCHEIR | DIRECTOR Trustee or director | 1 | $0 |
| JOHN DIAZ | DIRECTOR Trustee or director | 1 | $0 |
| JOHN THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| KRISTOPHER M HANSEN | DIRECTOR Trustee or director | 1 | $0 |
| LISA LANDSTEIN | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW B SETTLE | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT RAMIREZ | DIRECTOR Trustee or director | 1 | $0 |
| ROOPESH K SHAH | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN E HESSLER | DIRECTOR Trustee or director | 1 | $0 |
| W GREG THONSEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLYN SILVER | EXECUTIVE DIRECTOR Officer | 40 | $160,000 | $3,200 |
| JESSICA MISCHKOT | CHIEF PROGRAM OFFICER Highest-paid employee | 40 | $106,508 | $2,008 |
| DAVID PFEIFER | DIR. OF FINANCE & ADMINISTRATION Highest-paid employee | 40 | $100,892 | $1,960 |
| PAUL ZEMSKY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LISA GRUSHKIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN GOLDSTEIN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WRAY THORN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER M SNYDER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ERIN MURPHY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EFREM SIGEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BENJAMIN SCHRAG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLEEN HSIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL MAGLIOCCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL POMBO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL TANNEBAUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID JOHNSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE ARBER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRACE CHIU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HUGH NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON SCHEIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRIS HANSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA LANDSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW B SETTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL TESKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT RAMIREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROOPESH K SHAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN E HESSLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| W GREG THONSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM IWASCHUK | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLYN SILVER | EXECUTIVE DIRECTOR Officer | 40 | $156,923 |
| PATRICIA S MACHIR | EXECUTIVE DIRECTOR (FORMER) Former | 40 | $100,000 |
| PAUL ZEMSKY | CHAIR Trustee or director, Officer | 1 | $0 |
| LISA GRUSHKIN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| STEPHEN GOLDSTEIN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| WRAY THORN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ERIN MURPHY | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER M SNYDER | TREASURER Trustee or director, Officer | 1 | $0 |
| BENJAMIN SCHRAG | DIRECTOR Trustee or director | 1 | $0 |
| COLLEEN HSIA | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL MAGLIOCCO | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL POMBO | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL TANNEBAUM | DIRECTOR Trustee or director | 1 | $0 |
| DAVE MILLER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID JOHNSTON | DIRECTOR Trustee or director | 1 | $0 |
| EFREM SIGEL | DIRECTOR Trustee or director | 1 | $0 |
| HUGH NELSON | DIRECTOR Trustee or director | 1 | $0 |
| JASON SCHEIR | DIRECTOR Trustee or director | 1 | $0 |
| JOHN THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| KRIS HANSEN | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW B SETTLE | DIRECTOR Trustee or director | 1 | $0 |
| PAUL TESKE | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT RAMIREZ | DIRECTOR Trustee or director | 1 | $0 |
| ROOPESH K SHAH | DIRECTOR Trustee or director | 1 | $0 |
| RYAN SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN E HESSLER | DIRECTOR Trustee or director | 1 | $0 |
| W GREG THONSEN | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM IWASCHUK | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 111 BROADWAY RM 1602, NEW YORK, NY 10006-2026
- Principal officer (990 for 2024)
- CAROLYN SILVER, 111 BROADWAY 1602, NEW YORK, NY 10006
- Signed the 990
- CAROLYN SILVER, EXECUTIVE DIRECTOR
- Phone
- (212) 601-0002
- Website
- FUTURESANDOPTIONS.ORG/FAO/
- Return prepared by
- SKODY SCOT & CO CPAS PC
Mission
FUTURES AND OPTIONS EXPANDS OPPORTUNITIES FOR STUDENTS FROM DIVERSE BACKGROUNDS AND HISTORICALLY UNDERREPRESENTED COMMUNITIES, COLLABORATING WITH EMPLOYERS TO EMPOWER STUDENTS TO GAIN THE SKILLS AND CONFIDENCE NEEDED TO SUCCEED IN FUTURE CAREERS.
Program accomplishments
- LAST YEAR, FUTURES AND OPTIONS SERVED 2757 STUDENTS ACROSS OUR MULTI-LAYERED PROGRAM ACTIVITIES. WE PLACED 432 NEW YORK CITY YOUTH IN PAID, MENTORED INTERNSHIPS WITH EMPLOYERS THROUGHOUT ALL FIVE BOROUGHTS. 1507 YOUNG PEOPLE BENEFITTED FROM OUR CAREER READINESS WORKSHOPS AND CURRICULUM. 15 STUDENTS LEVERAGED SKILLS AND PROFESSIONAL NETWORKING IN EXTERNSHIP EXPERIENCES WITH EMPLOYERS. 289 PROGRAM ALUMNI RECEIVED ALUMNI SUPPORT SERVICES, INCLUDING NETWORKING, MENTORSHIP, CAREER PANELS AND ONE-ON-ONE COACHING, BRIDGING THE GAP BETWEEN HIGH SCHOOL, COLLEGE AND CAREERS. LASTLY, 964 YOUTH ATTENDED ONE OF OUR COMMUNITY OUTREACH SESSIONS, WHERE OUR STAFF DELIVERED INFORMATION SESSIONS, ATTENDED CAREER FAIRS, AND DELIVERED OUTREACH TO STUDENTS AND PROFESSIONALS.Expenses $3,138,811 · grants $192,159 · revenue $1,031,845
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-4063658
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $5,504,934
- Income (IRS master file)
- $3,883,796
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,636,402 | $3,934,658 | $5,504,934 | XML |
| 990 | June 2024 | $3,872,666 | $3,754,152 | $5,922,071 | XML |
| 990 | June 2023 | $3,605,504 | $3,247,645 | $5,876,975 | XML |
| 990 | June 2022 | $4,437,434 | $2,991,307 | $3,299,886 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-4063658).
Questions about FUTURES AND OPTIONS INC
- What is the EIN of FUTURES AND OPTIONS INC?
- The employer identification number (EIN) of FUTURES AND OPTIONS INC is 13-4063658.
- Is FUTURES AND OPTIONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to FUTURES AND OPTIONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUTURES AND OPTIONS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FUTURES AND OPTIONS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUTURES AND OPTIONS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FUTURES AND OPTIONS INC?
- The 990 for the year ended June 30, 2025 names CAROLYN SILVER.
- Who are the officers and directors of FUTURES AND OPTIONS INC?
- The 990 for the year ended June 30, 2025 lists 32 people; 3 received compensation from the organization, the highest $172,985 (CAROLYN SILVER, EXECUTIVE DIRECTOR).
- How much revenue does FUTURES AND OPTIONS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,636,402, expenses of $3,934,658 and total assets of $5,504,934 at year end.
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