Futuresnw EIN 27-2997677 Form 990 (PDF) Claim this org

Futuresnw FY2022 filing

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Empower students from under-served communities to achieve college and career dreams through education and training. For fiscal year 2022 it reported $246K in revenue, $200K in expenses, and $117K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Bellingham, WA
Website
www.futuresnw.org
Filings
4 on file (2021–2022)
Revenue
$246KFY2022
Expenses
$200K
Net assets
$117K
People
13
Filings
4
Updates
0
More identity details & actions ⌄
EIN  27-2997677 Public charity (501(c)(3)) Bellingham, WA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empower students from under-served communities to achieve college and career dreams through education and training.
Leadership
Ashley Delatour · Programs Manager · $50K
Money in and out
$246K revenue, $200K expenses
Bottom line
71% program efficiency
Where the money goes · FY2022
Total revenue
$246K
Pt VIII · Ln 12
Total expenses
$200K
Pt IX · Ln 25
Net assets
$117K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $46K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.23 Fundraising $0.06
Program efficiency
71%
of spending reaches programs
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$246K
FY2022▲ +99%
Expenses
$200K
FY2022
Total assets
$117K
FY2022
Total liabilities
$0
FY2022
Total revenue
$246K
Pt VIII · Ln 12
Total expenses
$200K
Pt IX · Ln 25
Net assets
$117K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$46K
Total assetsPt X · Ln 16$117K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFuturesnw
EINHdr · item D27-2997677
Principal addressHdr · item CBellingham, WA
WebsiteHdr · item Jwww.futuresnw.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Programs Manager
$49,563Pt VII · Sec A
Operations Manager
$49,563Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Megan Wingo’s $70K as Executive Director of Programs is at the 63rd percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Megan Wingo$70,280$62,500$49,563
Ashley Delatour$69,372$62,500$49,563

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $110K of program spending, described in the organization's own filed words · FY2022.
01

FuturesNW partners with local schools and organizations to host financial literacy events in which Financial Aid experts and admissions staff from local higher education institutions provide personalized support for students and families completing the FAFSA or WASFA. This is considered mentoring and pathway navigation work.

$41Kprogram expense
02

Learning with Leaders is an event series that connects students with in-demand career pathways by providing exploration that focuses on kinesthetic learning experiences. Students get real-time, tactile training, such as the chance to operate heavy equipment under the guidance of experts, take part in virtual simulations, and engage their…

$39Kprogram expense
03

QuickStart to College is a free summer camp program to uplift and encourage high school seniors as they prepare for college selection, applications, scholarships, and financial aid processes.

$30Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$246K
Other revenue$245
— government grantsLn 1e$103K
Total revenueLn 12$246K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.23 Fundraising $0.06
Program services71%$143K
Management & general23%$47K
Fundraising6%$11K
Total functional expensesLn 25$200K

Balance Sheet

Part X · end of year
CashLn 1$117K
Total assetsLn 16$117K
Total liabilitiesLn 26$0
Total net assetsLn 32$117K
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $117K · Operating expenses/yr $200K
7.0 months
Where the money goes
Program services
Program services $143K · Total expenses $200K
71%
Management & General
Management & general $47K · Total expenses $200K
23%
Fundraising
Fundraising $11K · Total expenses $200K
6%
Cost to raise $1
Fundraising expense $11K · Solicited contributions $144K
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $246K · Total revenue $246K
100%
Government reliance
Government grants $103K · Total revenue $246K
42%
Earned-income share
Program service revenue $0 · Total revenue $246K
0%
Investment reliance
Investment income $0 · Total revenue $246K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $200K
0%
Growth & trend
Revenue growth (YoY)
This year $246K · Prior year $124K
+99%
Net-asset trend (YoY)
End of year $117K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $246K · Expenses $200K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $117K
Net-asset ratio
Net assets $117K · Total assets $117K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $117K
0%
People & payroll
Highest Reported Total Compensation
Individual Ashley Delatour · Reported title Programs Manager · Highest reported compensation $50K · Total expenses $200K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $152K · Total expenses $200K
76%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 23%
Fundraising cost ratio 4%
Revenue growth 99%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.4%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$445K revenue · ⤓ 990 PDF
FY2023$459K revenue · ⤓ 990 PDF
FY2022$246K revenue · viewing · ⤓ 990 PDF
FY2021$124K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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