Myfuturenc Inc
- Assets
- $5.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Raleigh, NC
- Founding
- 11/2019
- Data as of
- 12/2021
- 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 12/2021, Myfuturenc Inc employed 11 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 12/2021, Myfuturenc Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
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.
LOCAL INITIATIVES - PROGRAMMATIC EFFORTS TO CONVENE REGIONAL/COUNTY LEADERS AND RAISE AWARENESS IN SUPPORT OF NEW AND ONGOING LOCAL AND REGIONAL EDUCATIONAL ATTAINMENT FOCUSED INITIATIVE.
FAFSA CAMPAIGN - INCREASE FAFA AWARENESS AND ENROLLMENT ACROSS THE STATE.
EDUCATIONAL ADVOCACY & LABOR MARKET ALIGNMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecilia Knight Holden President & CEO | Officer | 50 | $180,464 |
Melissa Caperton Director Of Regional Impact | 40 | $125,422 | |
Christine Charbonneau Director Of Advocacy&outreach | 40 | $105,600 | |
Nicholas Bornhoft Director Of Finance&operations | 40 | $104,501 | |
David Bohm Director Of Development | 40 | $100,866 | |
Dale Jenkins Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,135 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,462,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,492,565 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,498,615 |
| 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. | $739,842 |
| Compensation of current officers, directors, key employees. | $176,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $385,934 |
| Pension plan accruals and contributions | $12,890 |
| Other employee benefits | $22,658 |
| Payroll taxes | $76,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,377 |
| Fees for services: Accounting | $14,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $726,241 |
| Advertising and promotion | $92,614 |
| Office expenses | $9,298 |
| Information technology | $23,414 |
| Royalties | $0 |
| Occupancy | $200 |
| Travel | $27,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,330 |
| All other expenses | $0 |
| Total functional expenses | $2,215,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,884,756 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $351,938 |
| Accounts receivable, net | $512,954 |
| 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 | $46,137 |
| 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 | $5,795,785 |
| Accounts payable and accrued expenses | $46,214 |
| 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 | $46,214 |
| Net assets without donor restrictions | $3,510,515 |
| Net assets with donor restrictions | $2,239,056 |
| 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 | $5,795,785 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Myfuturenc Inc has recieved totaling $1,431,898.
| Awarding Organization | Amount |
|---|---|
North Carolina Glaxosmithkline Foundation Research Triangle Park, NC PURPOSE: EDUCATION AND LABOR MARKET INITIATIVE | $700,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $250,000 |
Dogwood Health Trust Asheville, NC PURPOSE: DEVELOPING A NETWORK OF LOCAL EDUCATIONAL ATTAINMENT COLLABORATIVES | $241,359 |
Dogwood Health Trust Asheville, NC PURPOSE: DEVELOPING A NETWORK OF LOCAL EDUCATIONAL ATTAINMENT COLLABORATIVES | $103,439 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $101,100 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guilford County Partnership For Children Inc Greensboro, NC | $1,133,559 | $15,560,026 |
Partnership For Children Of Cumberland County Inc Fayetteville, NC | $3,851,277 | $14,252,624 |
Onslow County Partnership For Children Jacksonville, NC | $467,793 | $12,255,030 |
Durhams Partnership For Children Durham, NC | $515,182 | $10,701,897 |
North Carolina Association Of Educators Inc Raleigh, NC | $37,548,115 | $38,819,599 |
Robeson County Partnership For Children Lumberton, NC | $1,373,329 | $6,719,336 |
Down East Partnership For Children Rocky Mount, NC | $901,285 | $6,638,364 |
Cleveland County Partnership For Children Inc Kings Mountain, NC | $125,732 | $6,139,348 |
The Partnership For Children Of Wayne County Inc Goldsboro, NC | $310,376 | $5,891,919 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $1,192,228 | $5,496,255 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $2,170,210 | $5,744,803 |
Buncombe County Partnership For Children Inc Asheville, NC | $267,701 | $5,086,293 |