Future Focused Education

Nonprofit profile at a glance

EIN
473717716
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Albuquerque, NM, USA
Phone
5053850363
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$6,112,756
Expenses
$6,708,458
Assets
$3,446,496
Liabilities
$245,141

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • MERIAH HEREDIA-GRIEGO (PRESIDENT)

Highest reported compensation

  • ANTHONY MONFILLETO (DIRECTOR INS): $165,506 total reported compensation
  • KIM LANOY SANDOVAL (EXECUTIVE DI): $154,780 total reported compensation
  • MISTIE GALLEGOS (DIR OPER & F): $145,755 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Future focused education's mission is to co-create systems of equity to sustain healthier and more prosperous communities for those who need it the most. We envision schools as sites of innovation and opportunity, where young people become the creators of healthy and prosperous communities.

What it reported doing in 2024

Future focused education (ffe)continues to build on the infrastructure created in the prior years. The organization maintains the paid intership program, providing in-person and virtual internships for young people living in communities across the state, with distinct hubs in albuquerque and santa fe (as a hub for northern New Mexico). The internship program has increased support for youth transitioning from high school into college and career by differentiating support for this specific population in addition to high school students. This is facilitated via partnerships with districts, schools, employers, and community-based organizations. Ffe increased the scale of the annual statewide conference called eduprising and continues to partner with nm ped on an ongoing assessment- focused professional development community of practice for educators across the state. Ffe has been an active collaborator with legislative, ped, and executive staff over the past five years and helped inform the innovation zone and graduation requirements legislation. Ffe is seen as knowledgeable and effective experts in both areas and has been contracted by ped to support implementation of the innovation zone grants across the state. Ffe has a wide reach of influence throughout "public will building" activities that include high functioning communications planning and implementation as well as conducting site visits to innovative schools and districts throughout the state to gather community input that informs the policy making strategies of the organization. Ffe has also provided contracted services that support schools in carrying out our mission of providing the best education to students who need it the most. In the past several year ffe has become a grantor to other nonprofit organizations in connection with school programming for community and civic infrastructure projects. Ffe convenes local community members, school leaders and youth to select an important civic issue to focus on during the grant project with 3 years of funding awarded.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 93% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 75
  • Accountability: 90
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.3%; rating input score 91
  • Fundraising efficiency: $37.02 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.7%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 11%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 24.3% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 23.2% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 20.3% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.3% of spending went to programs
  • Governance: 11 of 11 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6.1M in reported program spending
  • Leadership: top reported pay $166K · 16 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.1M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 14/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.