Civic Intelligence

Future Focused Education

990 • Fiscal year 2023 • EIN 47-3717716

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

20 First Plaza Center NW Suite 306Albuquerque, NM 87102

(505) 750-4547

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.07x

Higher debt load relative to assets than 27% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.04x

Higher debt load relative to revenue than 21% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

61st percentile

$159,704

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Asset Growth

96th percentile

234%

Faster asset growth than 96% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

242%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,150,936

Up $3,607,469 (+234%) from 2022

Net Assets

Up

$4,811,879

Up $3,399,702 (+241%) from 2022

Liabilities

Up

$339,057

Up $207,767 (+158%) from 2022

Revenue

Up

$7,592,371

Up $5,370,085 (+242%) from 2022

Expenses

Up

$4,192,669

Up $1,728,990 (+70%) from 2022

Net Income

Up

$3,399,702

Up $3,641,095 (+1508%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2015: $230,101Liabilities 2015: $0Net Assets 2015: $230,1012015Assets 2016: $83,003Liabilities 2016: $0Net Assets 2016: $83,0032016Assets 2017: $1,185,285Liabilities 2017: $25,365Net Assets 2017: $1,159,9202017Assets 2018: $1,867,416Liabilities 2018: $30,091Net Assets 2018: $1,837,3252018Assets 2019: $1,565,395Liabilities 2019: $76,538Net Assets 2019: $1,488,8572019Assets 2020: $1,325,410Liabilities 2020: $182,141Net Assets 2020: $1,143,2692020Assets 2021: $1,699,690Liabilities 2021: $46,120Net Assets 2021: $1,653,5702021Assets 2022: $1,543,467Liabilities 2022: $131,290Net Assets 2022: $1,412,1772022Assets 2023: $5,150,936Liabilities 2023: $339,057Net Assets 2023: $4,811,8792023Assets 2024: $4,442,866Liabilities 2024: $645,809Net Assets 2024: $3,797,0572024

Highlighted filing

2023

Assets$5,150,936
Liabilities$339,057
Net Assets$4,811,879

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $237,000Expenses 2015: $6,899Net Income 2015: $230,1012015Revenue 2016: $345,550Expenses 2016: $495,555Net Income 2016: -$150,0052016Revenue 2017: $1,991,485Expenses 2017: $914,568Net Income 2017: $1,076,9172017Revenue 2018: $1,707,544Expenses 2018: $1,030,139Net Income 2018: $677,4052018Revenue 2019: $1,006,188Expenses 2019: $1,354,656Net Income 2019: -$348,4682019Revenue 2020: $1,006,478Expenses 2020: $1,352,066Net Income 2020: -$345,5882020Revenue 2021: $1,944,772Expenses 2021: $1,434,471Net Income 2021: $510,3012021Revenue 2022: $2,222,286Expenses 2022: $2,463,679Net Income 2022: -$241,3932022Revenue 2023: $7,592,371Expenses 2023: $4,192,669Net Income 2023: $3,399,7022023Revenue 2024: $4,961,272Expenses 2024: $5,976,094Net Income 2024: -$1,014,8222024

Highlighted filing

2023

Revenue$7,592,371
Expenses$4,192,669
Net Income$3,399,702
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$7,592,371
Mission and Program Overview

Mission

The mission of the organization is to develop high schools and education leaders with input from the people who have the most at stake in the success of our education system: students and families, community members, and employers.

Future focused education organization, was established in 2014 as new mexico center for school leadership. During the year ended june 30, 2018 the name was changed to future focused education. The organization was created to develop high schools and educational leaders with input from the people who have the most at stake in the success of our educational system: students and families, community members and employers. The vision of the organization is to create and sustain a healthy, vibrant and responsive network of schools that is a catalyst for education policy reform locally and nationally. The organization receives financial support from grants, contracts, and contributions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$955,933$3,245,191▲ $2,289,258
Cash and Non-Interest-Bearing Accounts$587,534$1,905,745▲ $1,318,211
Total Assets$1,543,467$5,150,936▲ $3,607,469
Liabilities
Accounts Payable and Accrued Expenses$131,290$339,057▲ $207,767
Total Liabilities$131,290$339,057▲ $207,767
Net Assets / Fund Balance
Net Assets With Donor Restrictions$629,387$3,834,212▲ $3,204,825
Net Assets Without Donor Restrictions$782,790$977,667▲ $194,877
Total Net Assets Fund Balance$1,412,177$4,811,879▲ $3,399,702
Total Liabilities and Net Assets / Fund Balance$1,543,467$5,150,936▲ $3,607,469

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$14,000$14,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony MonfilletoExecutive DiFT$153,485$6,219$159,704
Anthony MonfilletoExecutive Director-$153,485$6,219$159,704
Kim Lanoy-sandovalDeputy DirecFT$114,833$5,200$120,033
Mistie M GallegosOperations DFT$107,581$4,060$111,641

Board Members and Trustees

NameTitle
Dan HillPresident
Elisa BegueriaDirector
Glenna VoigtDirector
Jason EspinozaDirector
John MierzwaDirector
Kateri ZuniDirector
Katie AveryDirector
Martin MadridDirector
Meriah Heredia - GriegoDirector
Milo McminnDirector
Nichelle GilbertTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Media Desk New Mexico LLCMedia100 GOLD AVE SW SUITE 204, Albuquerque, NM 87104$230,810
Los Alamos National Labs FndnConsulting1112 PLAZA DEL NORTE, Espanola, NM 87532$176,000
Ocotillo Enterprises Nm LLCConsulting4153 COLT RD, Las Cruces, NM 88011$115,520
Social And Emotional Learning AllcConsulting50 PAW A SUKI ROAD, El Prado, NM 87529$108,340
Revenue and Support

Revenue Composition

Contributions and Grants
$7,484,634
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$107,737
All Other Contributions
$5,582,570
Change in Net Assets
$3,399,702

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,592,371
Total Revenue per Audited Statements
$7,592,371
Total Revenue per Form 990
$7,592,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,454,723
Salaries, Compensation, and Employee Benefits$1,722,946
Total Fundraising Expense$89,350
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$967,504$113,823$56,912$1,138,239
Fees for Services Other$1,116,896--$1,116,896
Current Officers, Directors, Trustees, and Key Employees$267,133$31,427$15,714$314,274
Travel$206,997--$206,997
Payroll Taxes$111,829$13,156$6,578$131,563
Other Employee Benefits$98,847$11,629$5,815$116,291
Office Expenses$36,106$43,883-$79,989
Fees for Services Accounting-$58,171-$58,171
Occupancy$26,016$8,672-$34,688
Pension Plan Contributions$19,192$2,258$1,129$22,579
Insurance-$18,226-$18,226
Grants to Domestic Orgs$15,000--$15,000
Other Expenses$25,510$5,342$3,202$5,342
Fees for Services Legal-$1,067-$1,067
Total Functional Expenses$3,792,474$310,845$89,350$4,192,669

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,192,669
Total Expenses per Audited Statements$4,192,669
Total Expenses per Form 990$4,192,669
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abq Center for Peace & JusticeAlbuquerque, NM501c3Program Service$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.

Form 990, Page 6, Part VI, Line 15A

An outside consulting agency is used to conduct a salary review for the organization's officers, including the executive director and operations director. The agency benchmarks their compensation against similar organizations across the u.s. Documentation of the results are provided to the organization's top officials for deliberation and decisions.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon written request.

Filing and Contact Details

Filer

Filer Name
Future Focused Education
EIN
47-3717716
Phone
5057504547
Address
20 FIRST PLAZA CENTER NW SUITE 306, ALBUQUERQUE, NM 87102

Signing Officer

Name
Anthony Monfilleto
Title
Executive Director
Phone
5057504547
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Monfilleto
Formed
2014
Legal Domicile
Nm
Voting Board Members
11
Independent Board Members
11
Employees
213

Preparer

Firm
Pulakos Cpas Pc
Address
6753 ACADEMY RD NE, ALBUQUERQUE, NM 87109
Preparer
Colleen a Lino CPA
Phone
5053381500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the organization is to develop high schools and education leaders with input from the people who have the most at stake in the success of our education system: students and families, community members, and employers.

Form 990, Page 2, Part III, Line 3

The organization ceased the leadership schools network program, but continutes to provide the programs described on line 4a.

Form 990, Page 2, Part III, Line 4A

Future focused education continues to build on the infrastructure created in the prior year. The organization increased the scale of the paid internship program, providing in-person and virtual internships for young people living in communities across the state, with distinct hubs in albuquerque and santa fe (as a hub for northern new mexico). This is facilitated via partnerships with districts, schools, employers, and community-based organizations. The organization increased the scale of the annual statewide conference called eduprising and continues to partner with nm ped on an ongoing, assessment-focused professional development community of practice for educators across the state. Future focused education (ffe) has been an active collaborator with legislative, ped, and executive staff over the past four years and helped inform the innovation zone and graduation requirements legislation. Ffe is seen as knowledgeable and effective experts in both areas. The organization has a wide reach of influence through our "public will building" activities that include high functioning communications planning and implementation as well as a robust set of partners that meet monthly to help develop the policy making strategy of the organization. Future focused education has also provided contracted services that support schools in carrying out our mission of providing the best education to students who need it the most.

Form 990, Part IX, Line 11G

OTHER FEES 1,116,896 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code and is considered a public charity. Accordingly, no provision for income taxes has been included in the accompanying financial statements. The organizations income tax filings are subject to audit by various taxing authorities. The organizations open audit periods are for the years ended june 30, 2020 and thereafter. The organization believes that it has appropriate support for any tax position taken and does not have any uncertain tax positions that are material to the financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm13KIM LANOY-SANDOVAL
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IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt12OPERATIONS D
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IRS990/MissionDesc0THE MISSION OF THE ORGANIZATION IS TO DEVELOP HIGH SCHOOLS AND EDUCATION LEADERS WITH INPUT FROM THE PEOPLE WHO HAVE THE MOST AT STAKE IN THE SUCCESS OF OUR EDUCATION SYSTEM: STUDENTS AND FAMILIES, COMMUNITY MEMBERS, AND EMPLOYERS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PART II, SECTION C, LINE 14 AND 15 COMPUTATION OF PUBLIC SUPPORT PERCENTAGE: SCHEDULE A, PART 2, SECTION C, LINES 14 THROUGH 18 ARE NOT REQUIRED TO BE COMPLETED UNTIL THE SIXTH AND SUBSEQUENT YEARS OF OPERATIONS. FUTURE FOCUSED EDUCATION WAS FORMED IN 2014. THROUGH JUNE 30, 2019 FUTURE FOCUSED EDUCATION WAS NOT REQUIRED TO COMPLETE SCHEDULE A, PART 2, SECTION C, LINES 14 THROUGH 18. TAX YEAR ENDED JUNE 30, 2020 IS THE SIXTH YEAR OF OPERATIONS AND FUTURE FOCUSED EDUCATION HAS COMPUTED THEIR PUBLIC SUPPORT PERCENTAGE ON LINE 14. FUTURE FOCUSED EDUCATION HAS MET THE REQUIRED PUBLIC SUPPORT TEST IN THEIR SIXTH OPERATING YEAR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CONSIDERED A PUBLIC CHARITY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATIONS INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATIONS OPEN AUDIT PERIODS ARE FOR THE YEARS ENDED JUNE 30, 2020 AND THEREAFTER. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SERVICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ABQ CENTER FOR PEACE & JUSTICE
IRS990ScheduleI/RecipientTable/RecipientEIN0850307612
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0202 HARVARD DR SE
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FUTURE FOCUSED EDUCATION SERVES AS THE HUB OF THE LEADERSHIP SCHOOLS NETWORK. EACH OF THE RECIPIENTS OF THESE SUB-GRANTS ARE ACTIVE PARTICIPANTS IN THE NETWORK AND MEET WITH FUTURE FOCUSED EDUCATION EMPLOYERS REGULARLY WHERE PROGRESS IS DISCUSSED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE ORGANIZATION IS TO DEVELOP HIGH SCHOOLS AND EDUCATION LEADERS WITH INPUT FROM THE PEOPLE WHO HAVE THE MOST AT STAKE IN THE SUCCESS OF OUR EDUCATION SYSTEM: STUDENTS AND FAMILIES, COMMUNITY MEMBERS, AND EMPLOYERS.

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