Nonprofit · EIN 52-2180378
NEW FUTURES
Tax-exempt · WASHINGTON, DC 20002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,638,628 | $2,359,816 | $1,278,812 | $3,940,715 | $1,264,829 | $2,675,886 |
| December 31, 2023 | 990 | $1,762,627 | $2,138,726 | -$376,099 | $2,585,787 | $1,347,103 | $1,238,684 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,614,326
- Program service revenue
- $0
- Investment income
- $113,337
- Net rental income
- $36,000
- Net income from fundraising events
- -$125,270
- Other revenue
- -$89,035
Expenses
- Grants and similar amounts paid
- $394,608
- Compensation of officers, directors and key employees
- $204,949
- Other salaries and wages
- $1,051,398
- Salaries, compensation and benefits (total)
- $1,439,225
- Professional fundraising fees
- $30,100
- Accounting fees
- $19,729
- Occupancy
- $93,629
- Travel
- $10,639
- Depreciation
- $1,481
- Program services (functional)
- $1,341,434
- Management and general (functional)
- $500,526
- Fundraising (functional)
- $517,856
Balance sheet and other
- Total assets, start of year
- $2,585,787
- Total assets, end of year
- $3,940,715
- Total liabilities, end of year
- $1,264,829
- Net assets, end of year
- $2,675,886
- Land, buildings and equipment
- $13,714
- Publicly traded securities
- $1,173,370
- Net assets without donor restrictions
- $2,520,033
- Net assets with donor restrictions
- $155,853
- Gross receipts
- $3,763,898
- Employees
- 16
- Volunteers
- 106
- Year formed
- 1999
- State of legal domicile
- DC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERROD WILLIAMS | CHEIF EXECUTIVE OFFICER Officer | 40 | $204,949 | $8,474 |
| SHIREE SKINNER | DIRECTOR OF DEV. & COMMUNICATIONS Highest-paid employee | 40 | $111,335 | $12,852 |
| GRISELDA MACIAS | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $112,007 | $6,536 |
| MOLLY FRIESENBORG | DIRECTOR OF SCHOLAR PROGRAMS Highest-paid employee | 40 | $104,560 | $13,237 |
| JAMILA WILLIAMS | DIRECTOR OF PEOPLE, CULTURE & OPERATIONS Highest-paid employee | 40 | $110,277 | $7,390 |
| KIM VINICK | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| HEATHER WATHINGTON PHD | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| ELIZABETH HAILE HAYES | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| SUSAN KRAUSE BELL PHD | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| LORI JACKSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KENDRA GRINNAGE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JUSTIN DUFOUR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JEFF OBERSTEIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SELVON WALDRON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARY ZMUDA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHA BATRA | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR SHERROD WILLIAMS | CHIEF EXECUTIVE OFFICER Officer | 50 | $168,063 |
| SHIREE SKINNER | DIRECTOR OF DEV. AND COMMUNICATIONS Highest-paid employee | 40 | $109,444 |
| GRISELDA MACIAS | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $107,598 |
| JAMILA WILLIAMS | DIR. OF PEOPLE, CULTURE AND OPER. Highest-paid employee | 40 | $106,284 |
| SUSAN KRAUSE BELL | CHAIR Trustee or director, Officer | 4 | $0 |
| DR JONATHAN MATHIS | PROGRAMS CHAIR Trustee or director | 4 | $0 |
| DR HEATHER WATHINGTON | VICE CHAIR Trustee or director, Officer | 4 | $0 |
| JUSTIN DUFOUR | BOARD MEMBER Trustee or director | 2 | $0 |
| KENDRA GRINNAGE | BOARD MEMBER Trustee or director | 2 | $0 |
| ELIZABETH HAYES | BOARD MEMBER Trustee or director | 2 | $0 |
| LORI JACKSON | BOARD MEMBER Trustee or director | 2 | $0 |
| MICHAEL KERSHOW | BOARD MEMBER Trustee or director | 2 | $0 |
| KIM VINICK | SECRETARY Trustee or director, Officer | 4 | $0 |
| SELVON WALDRON | BOARD MEMBER Trustee or director | 2 | $0 |
| JEFFREY OBERSTEIN | BOARD MEMBER Trustee or director | 2 | $0 |
| LIYA ABARAGO | BOARD MEMBER Trustee or director | 2 | $0 |
| KELLY MAKIMOTO-MURPHY | BOARD MEMBER Trustee or director | 2 | $0 |
| AURELIO RIVERA | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT SAUM | TREASURER Trustee or director, Officer | 4 | $0 |
| MARY ZMUDA | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 609 H STREET NE, WASHINGTON, DC 20002-7184
- Principal officer (990 for 2024)
- DR SHERROD WILLIAMS, 609 H STREET NE NO 500, WASHINGTON, DC 200027184
- Signed the 990
- DR SHERROD WILLIAMS, CEO
- Phone
- (202) 384-5854
- Website
- WWW.NEWFUTURESDC.ORG
- Return prepared by
- FITZPATRICK LEARY & SZARKOLLC
Mission
MISSION: TO CREATE EDUCATIONAL OPPORTUNITIES FOR REWARDING CAREERS. THE ORGANIZATION PROVIDES A PRACTICAL YET INNOVATIVE PROGRAM OF SCHOLARSHIPS, CAREER EDUCATION SERVICES, AND SUPPORT TO LOW-INCOME DC-AREA YOUNG PEOPLE PURSUING SHORTER-TERM POST-SECONDARY EDUCATIONAL OPPORTUNITIES TOWARD FULFILLING CAREERS.
Program accomplishments
- NEW FUTURES PROVIDES AN INNOVATIIVE PROGRAM OF SCHOLARSHIPS, ADVISING, AND CAREER EDUCATION PROGRAMS TO SUPPORT LOW-INCOME DC-AREA YOUNG PEOPLE PURSUING SHORTER-TERM POST-SECONDARY EDUCATIONAL PROGRAMS, LEADING FOR SOME TO FURTHER EDUCATION, AND FOR ALL TO FINANCIALLY SUSTAINABLE IN-DEMAND CAREERS.Expenses $1,341,434 · grants $394,608
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 | Check at the IRS |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 52-2180378
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $3,451,474
- Income (IRS master file)
- $1,227,518
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,638,628 | $2,359,816 | $3,940,715 | IRS |
| 990 | December 2023 | $1,762,627 | $2,138,726 | $2,585,787 | XML |
| 990 | December 2022 | $1,440,926 | $2,176,911 | $2,874,489 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 52-2180378).
Questions about NEW FUTURES
- What is the EIN of NEW FUTURES?
- The employer identification number (EIN) of NEW FUTURES is 52-2180378.
- Is NEW FUTURES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to NEW FUTURES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW FUTURES 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 NEW FUTURES 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 NEW FUTURES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW FUTURES?
- The 990 for the year ended December 31, 2024 names DR SHERROD WILLIAMS.
- Who are the officers and directors of NEW FUTURES?
- The 990 for the year ended December 31, 2024 lists 16 people; 5 received compensation from the organization, the highest $204,949 (SHERROD WILLIAMS, CHEIF EXECUTIVE OFFICER).
- How much revenue does NEW FUTURES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,638,628, expenses of $2,359,816 and total assets of $3,940,715 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Human services