Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
25 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides financial aid for excellent Catholic education to deserving students in Brooklyn and Queens.
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Futures in education scholarship program makes a quality catholic education available to as many families as possible by offering partial scholarships to families in financial need of tuition assistance for students in pre-k to 8TH grade enrolled in catholic grammar schools in brooklyn and queens.
Teddy forstmannin conjunction with the children's scholarship fund (CSF), the program stimulates enrollment of students from public schools into catholic schools for those families with financial need of tuition assistance in line with CSF'S aim to maximize educational opportunity for all children.
Be an angel to a student program a sponsorship program where a donor, an angel, pays a portion of the student's tuition for a family with extraordinary need to help send their children to a catholic school they love. The student sends correspondence to the angel throughout the school year, including letters, greetings and report cards.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.7M | $3.2M |
| InvestmentsLn 11–13 | $7.4M | $9.2M |
| Total assetsLn 16 | $12.0M | $16.3M |
| LiabilitiesLn 26 | $332K | $322K |
| Net assetsLn 32 | $11.7M | $16.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $179K | $179K | ||
| Grants to domestic individualsLn 2 | $6.1M | $6.1M | ||
| Management feesLn 11a | $954K | $391K | $244K | $319K |
| Accounting feesLn 11c | $71K | $71K | ||
| Professional fundraising feesLn 11e | $3K | $3K | ||
| Investment management feesLn 11f | $70K | $70K | ||
| Other fees for servicesLn 11g | $9K | $9K | ||
| Advertising and promotionLn 12 | $36K | $36K | ||
| Office expensesLn 13 | $129K | $70K | $33K | $25K |
| Information technologyLn 14 | $72K | $12K | $59K | $311 |
| OccupancyLn 16 | $45K | $19K | $11K | $15K |
| TravelLn 17 | $8K | $78 | $27 | $7K |
| Conferences, conventions and meetingsLn 19 | $15K | $5K | $2K | $8K |
| InsuranceLn 23 | $42K | $42K | ||
| Other expenses (24a–d)Ln 24 | $21K | $9K | $8K | $3K |
| Total functional expensesLn 25 | $7.8M | $6.8M | $548K | $382K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $7.7M | $7.4M | $327K | $11.7M | 990 PDF |
| FY2023 | $9.4M | $7.4M | $2.0M | $10.9M | 990 PDF |
| FY2022 | $8.4M | $7.4M | $1.0M | $9.0M | 990 PDF |
| FY2021 | $9.0M | $7.3M | $1.6M | $9.4M | 990 PDF |
| FY2020 | $8.7M | $8.5M | $193K | $7.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $10,869,502 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, 1 to look at
Part VIII · Statement of revenue $10,869,502 across 10 lines filed
Part IX · Statement of functional expenses $7,761,656 across 15 lines filed
Part X · Balance sheet $16,328,976 assets, 17 lines filed
Part XI · Reconciliation of net assets $16,006,957 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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