Network For Better Futures
- Assets
- $1.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 151
- Location
- Minneapolis, MN
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 45-0550557
Organization Overview
Network For Better Futures is located in Minneapolis, MN. The organization was established in 2007. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Network For Better Futures employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network For Better Futures 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 12/2021, Network For Better Futures generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BETTER FUTURES FUELS A MAN'S DESIRE TO TURN HIS LIFE AROUND AND WALK A NEW PATH TOWARD BETTER HEALTH AND SUCCESS. IT ALSO AIMS TO CHANGE THE COSTLY PRACTICES THAT PRODUCE POOR RESULTS AND PERPETUATE CYCLES OF DEPENDENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR INTEGRATED CARE TEAM (ICT) UNDERSTANDS REINTEGRATION IS ESSENTIAL FOR PARTICIPANT SUCCESS. WE STRIVE TO BUILD HEALTHY COMMUNITIES BY WALKING ALONGSIDE PARTICIPANTS TO HELP IMPROVE HEALTH AND WELLNESS, EMOTIONAL INTELLIGENCE, AND COMMUNITY/FAMILY REUNIFICATION. OUR MENTORSHIP AND COACHING MODEL IS CENTERED AROUND A PARTICIPANT'S INDIVIDUALIZE PROSPERITY PLAN. IN 2021 OUR RECIDIVISM RATE WAS 5% FOR PARTICIPANTS WHO COMPLETED AT LEAST A YEAR IN THE MODEL. "SINCE ITS FOUNDING IN 2007, BETTER FUTURES MN (BFM) HAS SERVED OVER 1,200 MEN OF DIVERSE BACKGROUNDS WITH UNIQUE CHALLENGES AND NEEDS. THE POPULATION WE SERVE IS OFTEN OVERLOOKED AND DISCRIMINATED AGAINST DUE TO THE STIGMA OF HAVING A CRIMINAL RECORD. WE EMBRACE THESE MEN AND HELP THEM FIND A BETTER PATH FORWARD. ADDRESSING SYSTEMIC POVERTY AND STRUCTURAL RACISM AND PROMOTING DIVERSITY, EQUITY, AND INCLUSION IS WOVEN INTO EVERY ASPECT OF OUR ORGANIZATIONBY PROVIDING ACCESS TO HOUSING, TRAINING, EMPLOYMENT, PHYSICAL AND BEHAVIORAL HEALTH CARE, AND A VIBRANT, SUPPORTIVE COMMUNITY FOR AT-RISK BLACK MEN, BFM HOPES TO PRODUCE BENEFICIAL LONG-TERM OUTCOMES NOT ONLY FOR THE MEN, BUT FOR THEIR FAMILIES AND COMMUNITIES AS WELL. THE SOCIAL ENTERPRISE DIVISION OF BFM LEADS ALL TRAININGS, CERTIFICATION, ON-THE JOB-TRAINING AND EMPLOYMENT FOR THE MEN WE SERVE. BFM IS VERY INTENTIONAL ABOUT CELEBRATING GROWTH AS MEN ACHIEVE GOALS, COMPLETE CERTIFICATIONS, AND TRAININGS, AND DEMONSTRATE CONSISTENCY AND DEDICATION AT WORK. THE MEN ALSO ENGAGE IN COMMUNITY MEETINGS TWICE A WEEK, WHERE THEY BOND WITH OTHER MEN, DISCUSS ISSUES THEY MIGHT BE FACING AND LEARN FROM GUEST SPEAKERS WHO HELP FACILITATE GROWTH, HEALING, AND SUPPORT."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Charlene Leach President & CEO | Officer | 40 | $149,648 |
Maisha Giles VP Of Integrated Care | Officer | 40 | $110,573 |
Glenn Andis Vice Chair | OfficerTrustee | 1 | $0 |
Louis King Chair | OfficerTrustee | 1 | $0 |
Sara Christenson Secretary | OfficerTrustee | 1 | $0 |
Tiernee Murphy Vice Chair, Interim Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Go Intellectual Capital Llc Human Resources | 12/30/21 | $126,794 |
Cliftonlarsonallen Accounting | 12/30/21 | $167,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,141,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,019,589 |
| Noncash contributions included in lines 1a–1f | $53,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,172,972 |
| Total Program Service Revenue | $1,539,547 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,722,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $256,351 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $278,206 |
| Compensation of current officers, directors, key employees. | $32,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,503,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $345,814 |
| Payroll taxes | $185,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,224 |
| Fees for services: Accounting | $181,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $553,648 |
| Advertising and promotion | $12,912 |
| Office expenses | $17,973 |
| Information technology | $31,793 |
| Royalties | $0 |
| Occupancy | $230,448 |
| Travel | $23,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,417 |
| Insurance | $104,159 |
| All other expenses | $51,231 |
| Total functional expenses | $4,636,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $247,745 |
| Accounts receivable, net | $265,998 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,593 |
| Prepaid expenses and deferred charges | $37,553 |
| Net Land, buildings, and equipment | $217,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,353 |
| Total assets | $1,342,357 |
| Accounts payable and accrued expenses | $381,194 |
| Grants payable | $0 |
| Deferred revenue | $14,834 |
| 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 | $1,103,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,499,933 |
| Net assets without donor restrictions | -$491,197 |
| Net assets with donor restrictions | $333,621 |
| 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 | $1,342,357 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Network For Better Futures has recieved totaling $957,385.
| Awarding Organization | Amount |
|---|---|
Greater Twin Cities United Way Minneapolis, MN PURPOSE: PROGRAM COSTS | $201,196 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO ACCELERATE ECONOMIC MOBILITY AND STRENGTHEN FAMILIES | $150,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO ACCELERATE ECONOMIC MOBILITY AND STRENGTHEN FAMILIES | $150,000 |
Redf San Francisco, CA PURPOSE: Growth Portfolio | $100,000 |
American Heart Association Inc Dallas, TX PURPOSE: COMMUNITY IMPACT | $100,000 |
Propel Nonprofits Minneapolis, MN PURPOSE: RECOVERY CAPITAL LOAN FORGIVENESS | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Extended Nuclear Transitional Resid Exoffenders Inc Fargo, ND | $15,453,895 | $12,580,283 |
Network For Better Futures Minneapolis, MN | $1,342,357 | $3,722,880 |
Duluth Bethel Society Duluth, MN | $2,043,694 | $2,869,738 |
Next Chapter Ministries Rochester, MN | $822,330 | $583,905 |
Smile Inc Milwaukee, WI | $63,472 | $271,446 |
Fair Shake Inc Westby, WI | $20,604 | $0 |
Womens Prison Book Project Minneapolis, MN | $42,677 | $0 |
Network For Life Rochester Rochester, MN | $230,031 | $0 |
Reader-Writer Saint Paul, MN | $119,994 | $0 |
Ozaukee County Jail Literacy Program Inc Grafton, WI | $366,401 | $0 |
Circle Of Freedom Seymour, IA | $325,535 | $305,591 |
Startanew Minneapolis, MN | $7,000 | $0 |