Better Future Forward INC

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EIN 81-4772781 Public charity (501(c)(3)) Alexandria, VA NTEE B82
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Revenue & expenses by yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +214%
Expenses
$1.2M
FY2024▲ +24%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Ensures equitable access to high-quality postsecondary education for all. For fiscal year 2024 it reported $1.7M in revenue, $1.2M in expenses, and $244K in net assets.Pt I

Founded
2016
Type
Public charity (501(c)(3)) · Education
Location
Alexandria, VA
Website
www.betterfutureforward.org
Filings
5 on file (2020–2024)
Revenue
$1.7MFY2024
Expenses
$1.2M
Net assets
$244K
People
10
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Figures match the IRS filing checked 9/14/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Ensures equitable access to high-quality postsecondary education for all.
Leadership
Kevin James · Founder & CEO · $213K
Money in and out
$1.7M revenue, $1.2M expenses
Bottom line
78% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

3 funders, incl. The Chicago Community Trust

3 distinct foundation funder(s) on file, $375K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

78% to programs

78% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↑ +214% vs prior year

Revenue band $1–10M, +214% versus the prior filing year (up). See detail →

Where the money goes · FY2024
Total revenue
$1.7M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$244K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $441K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.11 Fundraising $0.11
Program efficiency
78%
of spending reaches programs▼ -0.7% vs prior filing year
Operating runway
6.0mo
months of highly liquid reserves at operating expense rate▲ +82% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▲ +131% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$3.4M
FY2024▲ +19%
Total liabilities
$3.1M
FY2024▲ +4%
Revenue less expensesPt I · Ln 19$441K
Total assetsPt X · Ln 16$3.4M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBetter Future Forward INC
EINHdr · item D81-4772781
Principal addressHdr · item CAlexandria, VA
WebsiteHdr · item Jwww.betterfutureforward.org
Year of formationHdr · item L2016
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFNov 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder & CEO
$212,619Pt VII · Sec A
Director
$0Pt VII · Sec A
Chair of the Board & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kevin James’s $213K as Founder & CEO is at the 85th percentile of top reported officer pay among 3395 $1–10M 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 · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kevin James$212,619$160,900$160,900$169,194$149,500—
Barry Cynamon—————$150,008
Lee Hart————$135,000$130,833
Kevin James—————$118,000
Barbara Weber—————$107,833
Barry Cynamon————$57,959—
Courtney Criswell—$31,044————

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

1 program service account for $943K of program spending, described in the organization's own filed words · FY2024.
01

Implemented community funds designed to help students with limited financial means access and complete a bachelor's degree at higher rates.

$943Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.6M
Program service revenue$7K
Investment income$140
Total revenueLn 12$1.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.11 Fundraising $0.11
Program services78%$943K
Management & general11%$136K
Fundraising11%$134K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$609K
Total assetsLn 16$3.4M
Total liabilitiesLn 26$3.1M
Total net assetsLn 32$244K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $609K · Operating expenses (Pt IX) $1.2M · Less non-cash grants $5K · Cash operating expenses/yr $1.2M
6.0 months
Where the money goes
Program services
Program services $943K · Total expenses $1.2M
78%
Management & General
Management & general $136K · Total expenses $1.2M
11%
Fundraising
Fundraising $134K · Total expenses $1.2M
11%
Cost to raise $1
Fundraising expense (3-yr avg) $93K · Solicited contributions (3-yr avg) $1.0M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.6M · Total revenue $1.7M
100%
Government reliance
Government grants — · Total revenue $1.7M
—
Earned-income share
Program service revenue $7K · Total revenue $1.7M
0.4%
Investment reliance
Investment income $140 · Total revenue $1.7M
<0.01%
Program self-sufficiency
Program service revenue $7K · Total expenses $1.2M
0.6%
Growth & trend
Revenue growth (YoY)
This year $1.7M · Prior year $528K
+214%
Revenue CAGR
FY2019 $1.0M · FY2024 $1.7M
+10%
Net-asset trend (YoY)
End of year $244K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.7M · Expenses $1.2M
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $3.4M
—
Net-asset ratio
Net assets $244K · Total assets $3.4M
7%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Kevin James · Reported title FOUNDER & CEO · Highest reported compensation $213K · Total expenses $1.2M
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $442K · Total expenses $1.2M
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 11%——
Fundraising cost ratio 8%——
Revenue growth 214%——

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 · FY2024
Total grants receivedfrom 3 funders$375K
See all 3 funders →

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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$528K revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$723K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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