Myfuturencinc

Nonprofit profile at a glance

EIN
842326658
IRS 990 coverage
2019–2025
Forms available
Form 990 2025
Location
Raleigh, NC, USA
Phone
9192289258
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$3,908,444
Expenses
$4,134,800
Assets
$8,287,788
Liabilities
$2,051,132

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

Leadership & pay

29 people listed

Executive titles in this filing

  • CECILIA HOLDEN KNIGHT (PRESIDENT &)

Highest reported compensation

  • CECILIA HOLDEN KNIGHT (PRESIDENT &): $220,000 total reported compensation
  • JESSICA BULLARD SWENCKI (DEPUTY DIREC): $157,750 total reported compensation
  • DEANNE ROCCO MEADOWS (DEPUTY DIREC): $155,500 total reported compensation

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

Overview

Mission

Myfuturenc, inc.'s mission is to close gaps in educational access and promote a shared vision for an education-through-workforce continuum to ensure North Carolina's economic viability in the global market.

What it reported doing in 2025

Educational advocacy & labor market alignment - programmatic efforts to (1) convene, engage and drive awareness with the public and key partners to inspire a deep commitment to improving educational attainment in North Carolina, (2) align and coordinate state-level attainment and talent devlopment efforts with labor market need and (3) advance the development, implementation and scaling of evidence-based educational attainment focused practices and policies. Fafsa awareness/increase enroll campaign,

Operating model

Revenue model
Donor-supported. 97% 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90%; rating input score 90
  • Program expense ratio: 84.8%; rating input score 85
  • Fundraising efficiency: $22.49 raised per $1 spent on fundraising; rating input score 62; 62nd 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: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.8%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 2; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 26.1%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 27.3% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 18.9% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 90% of revenue deployed · 84.8% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $3.5M in reported program spending
  • Leadership: top reported pay $220K · 29 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.1M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2019 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • 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 14/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.