Mapping Your Future Inc
- Assets
- $244.8k
- Revenue
- $293.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Corinth, TX
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 46-0458615
Organization Overview
Mapping Your Future Inc is located in Corinth, TX. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Mapping Your Future Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mapping Your Future Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Mapping Your Future Inc generated $293.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $351.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAPPING YOUR FUTURE IS A NONPROFIT ORGANIZATION COMMITTED TO HELPING STUDENTS, FAMILIES, AND SCHOOLS NAVIGATE THE HIGHER EDUCATION AND STUDENT LOAN PROCESSES THROUGH TRUSTED CAREER, COLLEGE, AND FINANCIAL AID COUNSELING AND RESOURCES. MAPPING YOUR FUTURE'S STUDENT-MINDED INFORMATION PORTAL AND PERSON-TO-PERSON FINANCIAL LOAN COUNSELING PROVIDES UNBIASED FINANCIAL AID EDUCATION TO HELP STUDENTS UNDERSTAND THE STUDENT LOAN PROCESS, EDUCATIONAL INSTITUTIONS ENHANCE DEFAULT PREVENTION PLANS, AND MEMBERS FIND BENEFICIAL OPPORTUNITIES TO GUIDE STUDENTS TO FINANCIAL SUCCESS, WHILE SUPPORTING THE MISSION OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAPPING YOUR FUTURE PROVIDES: 1. CAREER SELECTION, EARLY AWARENESS, COLLEGE PLANNING, AND MONEY MANAGEMENT RESOURCES; 2. NEUTRAL CONTENT, ENCOURAGING STUDENTS TO LOOK AT ALL SOURCES OF FREE FUNDING BEFORE COMMITTING TO A STUDENT LOAN; 3. ONLINE COUNSELING TO MEET REGULATORY REQUIREMENTS, AND BEYOND; 4. SECURE AND SAFE TECHNOLOGY FOR CONVENIENT DOCUMENT TRANSFER; 5. UNIQUE BUDGET CALCULATORS; 6. NEW UNBIASED AND PERSONALIZED ONE-ON-ONE COUNSELING SUPPORT; AND 7. PROMPT CUSTOMER SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Mueller Director | OfficerTrustee | 40 | $101,280 |
Steven Brooks Board Member | Trustee | 1 | $0 |
Gene Hutchins Board Member | Trustee | 1 | $0 |
Tracy Ireland Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $288,091 |
| Investment income | $4,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,651 |
| Advertising and promotion | $0 |
| Office expenses | $68,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,036 |
| Travel | $10,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,289 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,860 |
| All other expenses | $0 |
| Total functional expenses | $351,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,767 |
| Savings and temporary cash investments | $155,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,849 |
| Accounts payable and accrued expenses | $2,935 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,935 |
| Net assets without donor restrictions | $241,914 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $244,849 |