Jobs For The Future Inc
- Assets
- $67.2m
- Revenue
- $107.1m
- Investments
- $0.0
- Employees
- 451
- Location
- Boston, MA
- Founding
- 06/1986
- Data as of
- 09/2023
- EIN
- 06-1164568
Organization Overview
Jobs For The Future Inc is located in Boston, MA. The organization was established in 1986. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 09/2023, Jobs For The Future Inc employed 451 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jobs For The Future Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Jobs For The Future Inc generated $107.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $89.4m during the year ending 09/2023. While expenses have increased by 10.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jobs For The Future Inc has awarded 942 individual grants totaling $97,589,511. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
JFF IS BUILDING A SOCIETY IN WHICH EVERYONE HAS THE SKILLS, RESOURCES, AND CREDENTIALS THEY NEED TO ACHIEVE ECONOMIC ADVANCEMENT. TO REACH THIS GOAL, WE DRIVE TRANSFORMATION OF THE AMERICAN WORKFORCE AND EDUCATION SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JFF HAS INTEGRATED STRATEGIES THAT CREATE WORKER AND LEARNER OPPORTUNITY, REIMAGINE EDUCATION AND CAREER NAVIGATION, ENSURE PROGRAM QUALITY AND EFFICACY, INTEGRATE WORK AND LEARNING, AND BUILD STRONG REGIONAL ECONOMIES. CREATE WORKER AND LEARNER OPPORTUNITY: WE TRANSFORM EDUCATION, WORKFORCE, AND EMPLOYMENT SYSTEMS TO ELIMINATE BARRIERS TO EQUITABLE ECONOMIC ADVANCEMENT INCLUDING AN INTENTIONAL FOCUS ON BLACK LEARNERS AND WORKERS. REIMAGINE EDUCATION AND CAREER NAVIGATION: WE CLARIFY THE CHAOTIC LEARN-AND-WORK ECOSYSTEM AND EMPOWER PEOPLE WITH DATA AND GUIDANCE TO FIND, FINANCE, AND FLOURISH IN LIFELONG CAREER PATHS. ENSURE PROGRAM QUALITY AND EFFICACY: WE VET EDUCATION AND TRAINING PROGRAMS SO THAT PEOPLE HAVE CONFIDENCE ABOUT WHICH CREDENTIALS LEAD TO QUALITY JOBS. INTEGRATE WORK AND LEARNING: WE DEVELOP LIFELONG LEARNING MODELS THAT PRIORITIZE WORK EXPERIENCE SO PEOPLE GAIN THE SKILLS THEY NEED TO SUCCEED IN THE EVER-EVOLVING LABOR MARKET. BUILD STRONG REGIONAL ECONOMIES: WE APPLY INNOVATIVE AND PROVEN PRACTICES TO GROW INCLUSIVE REGIONAL ECONOMIES SO THAT EVERYONE CAN ACCESS QUALITY JOBS IN THEIR AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tod Loofbourrow Chair | OfficerTrustee | 1 | $0 |
Shana Desmit Vice Chair | OfficerTrustee | 1 | $0 |
Teresa Hassara Treasurer | OfficerTrustee | 1 | $0 |
Willa Seldon Secretary | OfficerTrustee | 1 | $0 |
Maria Flynn President & CEO | OfficerTrustee | 38 | $636,458 |
Tyra Mariani Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Calco Enterprises Llc Consultant Services Dol Mypace Project | 9/29/23 | $924,692 |
Ixl Learning Inc (Hold Payments Svb) Consultant Services Dol Mypace | 9/29/23 | $515,865 |
Jevs Human Services Consultant Services H1-b One Workforce | 9/29/23 | $512,576 |
Comptia Tech Career Academy Consultant Services H1-b Project | 9/29/23 | $402,500 |
Panowatch Llc Consultant Services Prologis Sow A Cwi: | 9/29/23 | $380,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,630,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,719,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,349,878 |
| Total Program Service Revenue | $25,050,542 |
| Investment income | $695,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,621 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,148,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,377,635 |
| Grants and other assistance to domestic individuals. | $49,940 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,754,009 |
| Compensation of current officers, directors, key employees. | $2,442,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,930,885 |
| Pension plan accruals and contributions | $2,132,311 |
| Other employee benefits | $6,462,088 |
| Payroll taxes | $3,054,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,378 |
| Fees for services: Accounting | $126,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,348 |
| Fees for services: Other | $15,518,264 |
| Advertising and promotion | $840 |
| Office expenses | $556,856 |
| Information technology | $1,067,894 |
| Royalties | $0 |
| Occupancy | $1,321,949 |
| Travel | $2,229,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,259,661 |
| Interest | $30,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,400 |
| Insurance | $123,949 |
| All other expenses | $511,459 |
| Total functional expenses | $89,436,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,057,552 |
| Savings and temporary cash investments | $18,658,415 |
| Pledges and grants receivable | $6,185,085 |
| Accounts receivable, net | $8,941,957 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $485,741 |
| Net Land, buildings, and equipment | $896,125 |
| Investments—publicly traded securities | $22,398,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,615,387 |
| Total assets | $67,238,539 |
| Accounts payable and accrued expenses | $6,983,342 |
| Grants payable | $0 |
| Deferred revenue | $1,767,174 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,589,678 |
| Total liabilities | $12,340,194 |
| Net assets without donor restrictions | $23,421,031 |
| Net assets with donor restrictions | $31,477,314 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $67,238,539 |
Grants Awarded
Over the last fiscal year, Jobs For The Future Inc has awarded $12,316,950 in support to 191 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS MODE PURPOSE: SUPPORT META XR FUND & IMMERSIVE LEARNING PROJECT | $34,000 |
ACHIEVING THE DREAM INC PURPOSE: TO SUPPORT OF GATES V&L INTERMEDIARIES PROJECT | $244,559 |
ADAMS CAREER ACADEMY ASSOCIATED INC PURPOSE: OA YOUTH APPRENTICESHIP INTERMEDIARIES PROJECT | $20,000 |
ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND PURPOSE: ASCENDIUM READY FOR PELL PROJECT | $60,000 |
AFL-CIO WORKING FOR AMERICA INSTITUTE PURPOSE: H1-B ONE WORKFORCE GRANT PROGRAM PROJECT | $51,901 |
AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS PURPOSE: WES ASSEFA FUND PROJECT | $30,000 |