Family Futures

Nonprofit profile at a glance

EIN
834141224
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025
Location
Washington, VA, USA
Phone
5409873336
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$93,251
Expenses
$145,717
Assets
$312,463
Liabilities
$199,045

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

People named in this filing

  • BIRGITT THORNHILL (CHAIR)
  • JANE EBERHARDT (VICE CHAIR)
  • WILLIAM BARNES (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide financial education, access and tools to residents of rappahannock county.

What it reported doing in 2025

The my future program (developed and delivered in collaboration with rappahannock county public schools) nurtures a strong mathematical and financial foundation in younger grades by scaffolding towards mastery of high-level economics and personal finance competencies that exceed the basic requirements of Virginia's standards of learning as they relate to financial literacy. In 2024, the program was delivered to all enrolled kindergarten through 4th grade students. With each successive school year, a new kindergarten cohort is added as are any newly enrolled grade level students up to the grades served in that year. This year, we further expanded the financial literacy learning targets and refined lesson plans for our program. Further, delivery of the program was transferred from grade-level classrooms to the steam (science, technology, engineering, arts and mathematics) lab, which employs the skills of a specially trained and credentialed teacher to involve students in engaging, hands-on, experiential learning methods. Family futures provides custodial savings accounts to all students participating in the program. Currently, new accounts are seeded with an initial deposit of 100 and students can earn up to 100 in enhancement each year for participation and accomplishments within the program. By december of 2024, there were 429 custodial student savings accounts. Collective deposits and earned interest totaled 146,834. Students receive quarterly bank statements, and the accounts are a valuable tool in the overall financial literacy instruction.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 100
  • Sustainability: 26
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 66.3%; rating input score 66

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -56.3%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 2.14; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 32.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 22.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: -1.6% per year; rating input score 0; 44th percentile among comparable filings
  • Asset growth: 18.2% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 66.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $97K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.