Futures Ignite Inc
Nonprofit profile at a glance
- EIN
- 421775449
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 7188128604
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $1,660,509
- Expenses
- $1,750,586
- Assets
- $627,960
- Liabilities
- $253,487
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- MOLLY DELANO (EXECUTIVE DIRECTOR)
Highest reported compensation
- MOLLY DELANO (EXECUTIVE DIRECTOR): $158,271 total reported compensation
- JANELL BARTLEY (SENIOR DIRECTOR): $144,803 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We amplify youth and community power by inspiring, guiding, and advocating for youth to determine their college, career, and leadership futures.
What it reported doing in 2024
Futures ignite provides comprehensive college and career advising to all students at partner public high schools in the bronx and upper manhattan. Working in close partnership with school leadership, futures ignite helps ensure an advising ratio of approximately one postsecondary counselor for every 40 students, significantly expanding access to individualized guidance in schools where counselor-to-student ratios often exceed national recommendations.advisors support students and families through college applications, financial aid, and postsecondary planning, and work with students who qualify for opportunity programs at New York state colleges and universitiesprograms that provide additional academic and financial support and are associated with higher persistence and graduation rates. Approximately 85% of futures ignite students qualify for these programs, and the organization works closely with students to ensure they are matched with institutions where they can succeed.futures ignite also supports students pursuing professional pathways and alternatives to four-year college, helping match students with credential programs, training opportunities, military service, or workforce pathways aligned with their interests and goals. The organization maintains long-term partnerships with schools, embedding these supports as part of the school community to ensure consistent guidance for students year after year.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.4%; rating input score 70
- Program expense ratio: 66.8%; rating input score 67
- Fundraising efficiency: $5.21 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.4%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 17.3%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 17.5% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 18.1% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 15.4% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 70.4% of revenue deployed · 66.8% of spending went to programs
- Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $1.2M in reported program spending
- Leadership: top reported pay $158K · 15 people listed · 2 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Financial Efficiency: Fundraising efficiency scored 19/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- High — Sustainability: Officer compensation ratio scored 19/100.