Future Ready Five
Future Ready Five reported $13.2 million in revenue and $12.9 million in expenses for calendar year 2024. Of every $100 it spent, $95.74 went to program services, $3.43 to management and general costs and $0.83 to fundraising. Its largest source of revenue was contributions and grants: 99.8% of the total. Government grants made up 94.7%. The highest compensation it reported for one person was $290,578 (CEO). 2 people received more than $100,000 in reportable compensation. Revenue rose 395% between 2019 and 2024. Source: Form 990, FY2025 (6 mo.).
Where $100 of spending went
The 6-month short period ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The 6-month short period ending June 30, 2025 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.7% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.4% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.8% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.8% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 94.7% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $290,578 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.25% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 2 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.5 | 6.9 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 (6 mo.) · Form 990, Part III · the three largest programs by expenseFranklin county rise is an innovative partnership between franklin county and Future Ready Five, which administers the program, to provide access and opportunity for our early child care providers, educators, and their families. The funds are made possible thanks to the american rescue plan act. Franklin county rise takes a whole system approach, offering an array of grants and incentives to improve access to affordable, high-quality early learning for families, invest in child care programs so they can serve more families and support educators who pursue professional growth and industry…
In our kindergarten readiness collaborative (krc) program, we partner with early childcare learning centers; assessing each of their children's individual needs, providing training and support for their dedicated teachers and staff, and offering virtual workshops for the parents, all centered around building foundational literacy skills. In this way, we are all working together, or collaborating, to ensure that every child in our program is kindergarten ready
Highest reported compensation
FY2025 (6 mo.) · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $251,519 | $0 | $39,059 | $290,578 |
| CAO Highest compensated employee, 40.00 hrs/week | $148,969 | $0 | $5,081 | $154,050 |
2 people received more than $100,000 in reportable compensation from Future Ready Five (Part VII, line 2). Compensation of current officers, directors and key employees totaled $291K (Part IX, line 5).
7 filings since 2019
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 (6 mo.) · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 515
- Volunteers Part I, line 65
Correct a figure or respond
Every number above is copied from Future Ready Five's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Future Ready Five, you can publish a response that is linked from this page.
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Of every $100 Future Ready Five spent in 2024, $95.74 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Center for Civilians in ConflictWashington, DC · revenue $13M · programs 72.8% · 2025
- Southern Tier Environments for LivingDunkirk, NY · revenue $13M · programs 92.4% · 2025
- TLC Child and Family ServicesSebastopol, CA · revenue $13M · programs 81.8% · 2023
- Senior Living of BedfordBedford, NH · revenue $13M · programs 78.4% · FY2026
- Opportunity FoundationWilliston, ND · revenue $13M · programs 84.5% · FY2025
Questions people ask
How much of Future Ready Five's spending goes to programs?
In calendar year 2024, Future Ready Five reported that 95.7% of its $12.9 million in expenses went to program services, 3.4% to management and general and 0.8% to fundraising (Form 990, Part IX).
How much does Future Ready Five pay its top executive?
The largest total compensation Future Ready Five reported for one person in calendar year 2024 was $290,578, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Future Ready Five get its money?
Of $13.2 million in revenue in calendar year 2024, 99.8% came from contributions and grants (including 94.7% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Future Ready Five a registered charity?
The IRS lists EIN 45-3819208 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025 (6 mo.): Form 990 for the 6-month short period ending June 30, 2025, object 202631349349309268 · read the filing
- 2024: Form 990 for calendar year 2024, object 202543219349317764 · read the filing
- 2023: Form 990 for calendar year 2023, object 202413209349304856 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343189349314969 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213129349304131 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349305868 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349302779 · read the filing
All filings for EIN 45-3819208: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.