New Futures
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Provides post-secondary education to underserved individuals in the DC area. For fiscal year 2024 it reported $3.6M in revenue, $2.4M in expenses, and $2.7M in net assets.Pt I
Summary of the Filing
Where the work happens
New futures provides an innovatiive program of scholarships, advising, and career education programs to support low-income dc-area young people pursuing shorter-term post-secondary educational programs, leading for some to further education, and for all to financially sustainable in-demand careers.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Sherrod Williams’s $205K as Cheif Executive Officer is at the 100th percentile of top reported officer pay among 2165 $100K–1M human services 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 · 7 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Sherrod Williams | $204,949 | — | — | — | — |
| Dr Sherrod Williams | — | $168,063 | — | — | — |
| Julie Green | — | — | $138,143 | $165,035 | $152,223 |
| Griselda Macias | $112,007 | $107,598 | $106,307 | — | — |
| Shiree Skinner | $111,335 | $109,444 | — | — | — |
| Jamila Williams | $110,277 | $106,284 | — | — | — |
| Molly Friesenborg | $104,560 | — | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 57% | — | — |
| Overhead ratio | 21% | — | — |
| Fundraising cost ratio | 14% | — | — |
| Revenue growth | 106% | — | — |
| Accounting fee ratio | 1% | — | — |
| Fundraising fee ratio | 1% | — | — |
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
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Filings & Schedule Manifest
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Sources
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