Myfuturenc Inc
- Assets
- $6.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Raleigh, NC
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 84-2326658
Organization Overview
Myfuturenc Inc is located in Raleigh, NC. The organization was established in 2019. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2023, Myfuturenc Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myfuturenc 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, Myfuturenc Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $3.7m during the year ending 12/2023. 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
MYFUTURENC, INC.'S MISSION IS TO PREPARE NORTH CAROLINA FOR THE FUTURE BY EMPOWERING INDIVIDUALS AND LEADERS WITH CURRENT DATA AND BEST PRACTICES TO DRAMATICALLY INCREASE ATTAINMENT OF INDUSTRY VALUABLE CREDENTIALS AND POSTSECONDARY DEGREES BY 2030.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DATA - PROGRAMMATIC EFFORTS TO MEASURE PROGRESS TOWARD NORTH CAROLINA EDUCATIONAL ATTAINMENT GOALS INCLUDING THE DEVELOPMENT, PUBLICATION, AND UPDATE OF A DATA DASHBOARD.
GENERAL EDUCATIONAL ATTAINMENT EFFORTS, FAFSA AWARENESS/INCREASE ENROLL CAMPAIGN, AND OTHER EDUCATIONAL EFFORTS.
LOCAL INITIATIVES - PROGRAMMATIC EFFORTS TO CONVENE REGIONAL/COUNTY LEADERS AND RAISE AWARENESS IN SUPPORT OF NEW AND ONGOING LOCAL AND REGIONAL EDUCTIONAL ATTAINMENT FOCUSED INITIATIVE.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecilia Holden Knight President & | Officer | 50 | $197,747 |
Jessica Bullard Swencki Deputy Direc | Officer | 40 | $149,093 |
Melany Reeves Stowe Director Of | 40 | $123,364 | |
Lisa Convery-Lopez Director Of | 40 | $109,326 | |
Senemeht Olatunji Rgnl Impact | 40 | $102,550 | |
Toni B Blount Rgnl Impact | 40 | $105,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $332,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,474,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,807,157 |
| Total Program Service Revenue | $0 |
| Investment income | $62,497 |
| 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 | $3,871,657 |
| 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. | $395,619 |
| Compensation of current officers, directors, key employees. | $124,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,378,737 |
| Pension plan accruals and contributions | $85,517 |
| Other employee benefits | $140,930 |
| Payroll taxes | $137,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $818 |
| Fees for services: Accounting | $20,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $966,252 |
| Advertising and promotion | $89,955 |
| Office expenses | $11,568 |
| Information technology | $57,982 |
| Royalties | $0 |
| Occupancy | $88,069 |
| Travel | $103,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190,619 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,960 |
| All other expenses | $303 |
| Total functional expenses | $3,721,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,407 |
| Savings and temporary cash investments | $5,701,002 |
| Pledges and grants receivable | $323,911 |
| Accounts receivable, net | $54,171 |
| 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 | $15,676 |
| 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 | $6,454,167 |
| Accounts payable and accrued expenses | $59,844 |
| 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 | $59,844 |
| Net assets without donor restrictions | $4,894,673 |
| Net assets with donor restrictions | $1,499,650 |
| 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 | $6,454,167 |