Future 5 Inc is located in Stamford, CT. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Future 5 Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future 5 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 06/2021, Future 5 Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 14.5% per year over the past 6 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
FUTURE 5, INC. HELPS MOTIVATED, UNDER-RESOURCED STUDENTS IN STAMFORD, CT CONNECT TO THEIR FULL POTENTIAL LEADING TO INDEPENDENCE AND PRODUCTIVE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERE TO THERE: IS THE FUTURE 5 CHARACTER BUILDING PROGRAM THAT IS A REQUIREMENT FOR ALL HIGH SCHOOL STUDENTS TO BE CONSIDERED A FUTURE 5 MEMBER AND BE ELIGIBLE FOR ALL OTHER GENERAL MEMBERSHIP BENEFITS. STUDENTS MEET WEEKLY FOR A 6 WEEK WORKSHOP TO DEFINE AND DISCUSS SHORT AND LONG TERM GOALS AND ADDRESS OBSTACLES ("GREMLINS") THAT STAND IN THE WAY OF REACHING THEM: HOW DO YOU GET FROM "HERE TO THERE"? WORKING IN SMALL GROUPS, STUDENTS AND COACHES DISCUSS SPECIFIC STEPS STUDENTS CAN TAKE TO NAVIGATE THESE OBSTACLES. ADDITIONAL TOPICS INCLUDE COMMITMENT, SUCCESS, GRIT/RESILIENCE AND SELF ADVOCACY. IN THE LAST SESSION, STUDENTS MEET WITH AN INDIVIDUAL COACH TO DEVISE A "GAME PLAN" FOR SUCCESS. ALL OTHER MEMBERSHIP PRIVILEGES BECOME AVAILABLE TO STUDENTS UPON GRADUATION FROM THIS WORKSHOP: ACADEMIC SUPPORT, BRAINWAVE, ENRICHMENT ACTIVITIES, GENERAL MEMBERSHIP SUPPORT AS ACCESSED AND/OR NEEDED (FOOD, STUDENT EMERGENCIES, AMBASSADOR PROGRAM, ETC.). FUTURE 5 SERVED 209 HIGH SCHOOL STUDENTS.
COLLEGE PREP: A YEAR ROUND PROGRAM THAT GUIDES HIGH SCHOOL SENIORS AND JUNIORS THROUGH THE ENTIRE COLLEGE SEARCH PROCESS. THIS WORKSHOP IS STAFF LED AND FORMALLY MEETS BETWEEN 1-2 HOURS PER WEEK FOR SENIORS AND 2 HOURS MONTHLY FOR JUNIORS FROM JANUARY THROUGH MAY WITH VOLUNTEER SUPPORT.ACCOMPLISHMENTS: 1) 100% HIGH SCHOOL GRADUATION2) # SERVED: 92 HIGH SCHOOL JUNIORS & SENIORS PARTICIPATED IN THIS PROGRAM3) 289 COLLEGE ACCEPTANCES TO 92 COLLEGES AND UNIVERSITIES4) 93% OF SENIOR MEMBERS PARTICIPATING IN COLLEGE PREP COMMITTING TO COLLEGE; 4% MILITARY WITH 3% COMMITTING TO TRADE/OTHER5) HELPED STUDENTS ACQUIRE OVER $675,000 IN INSTITUTIONAL AID AND SCHOLARSHIP ASSISTANCE
COLLEGE SUCCESS: FUTURE 5'S COLLEGE SUCCESS PROGRAM ENSURES OUR STUDENTS THRIVE DURING THEIR COLLEGE JOURNEY BY CONNECTING THEM TO THE PEOPLE AND RESOURCES THEY NEED TO ENSURE COLLEGE PROGRESSION AND SECURE A PATHWAY TO REACH THEIR EARLY CAREER GOALS. THE FOCUS OF THE COLLEGE SUCCESS PROGRAM IS TO PROVIDE STUDENTS WITH A MULTI-LAYERED NETWORK OF ACADEMIC, FINANCIAL, SOCIAL/EMOTIONAL AND CAREER SUPPORT AS OUR STUDENTS NAVIGATE THEIR COLLEGE YEARS. WITH THE ADVENT OF COLLEGES CLOSING CAMPUSES, FUTURE 5 FOUND ADDITIONAL OFFICE SPACE TO HOST THIS PROGRAM IN HOUSE. 147 STUDENTS PARTICIPATED IN THIS PROGRAM.
JOB PREP: A WEEKLY WORKSHOP THAT MEETS JANUARY THROUGH APRIL THAT FOCUSES ON "SOFT SKILLS" (HANDSHAKE, EYE CONTACT, FIRST IMPRESSION), "ELEVATOR PITCH", CAREER EXPLORATION, MOCK INTERVIEWS, CONFLICT RESOLUTION, RESUME PREPARATION, JOB APPLICATION AND FOLLOW UP PROCEDURES. STUDENTS ARE PAIRED WITH COACHES FOR A VARIETY OF ROLE-PLAYING SCENARIOS. STUDENTS WHO COMPLETE JOB PREP ARE GIVEN BUSINESS CARDS, A LETTER OF RECOMMENDATION AND COPIES OF THEIR RESUMES. COMMUNITY SERVICE: OUR MEMBERS CONNECT TO THE COMMUNITY, DEVELOP A SENSE OF CIVIC RESPONSIBILITY, AND LEARN THE JOYS OF GIVING TO OTHERS. FUTURE 5 STUDENTS PARTICIPATED IN A BEAUTIFICATION PROJECT FOR KOSCIUSZKO PARK AND COLLABORATED WITH OTHER COMMUNITY INITIATIVES INCLUDING WHEEL IT FORWARD, POLLINATOR PATHWAY OF STAMFORD, ARI AND PERSON TO PERSON (TO NAME A FEW).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Clifton Mcfeely Founder/board Member | Trustee | 40 | $36,000 |
Christoper Wright Chairman | OfficerTrustee | 2 | $0 |
Lindsay Valk Vice Chairman | OfficerTrustee | 0.5 | $0 |
John Bonora Treasurer | OfficerTrustee | 2 | $0 |
Andrei Saunders Secretary | OfficerTrustee | 1 | $0 |
Polly Perkins Johnson Board Member | Trustee | 15 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $87,157 |
Related organizations | $0 |
Government grants | $108,310 |
All other contributions, gifts, grants, and similar amounts not included above | $1,492,006 |
Noncash contributions included in lines 1a–1f | $269,229 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,687,473 |
Total Program Service Revenue | $0 |
Investment income | $6,968 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$2,009 |
Net Income from Fundraising Events | -$22,210 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,670,222 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $105,643 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $157,038 |
Compensation of current officers, directors, key employees. | $4,800 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $432,158 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $58,668 |
Payroll taxes | $52,462 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $9,683 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $60,259 |
Advertising and promotion | $7,432 |
Office expenses | $22,051 |
Information technology | $29,595 |
Royalties | $0 |
Occupancy | $92,103 |
Travel | $922 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,721 |
Interest | $710 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $15,850 |
Insurance | $8,582 |
All other expenses | $0 |
Total functional expenses | $1,192,578 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $107,399 |
Savings and temporary cash investments | $1,809,085 |
Pledges and grants receivable | $121,450 |
Accounts receivable, net | $0 |
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 | $14,815 |
Net Land, buildings, and equipment | $163,856 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $14,728 |
Total assets | $2,231,333 |
Accounts payable and accrued expenses | $31,619 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $31,619 |
Net assets without donor restrictions | $1,816,535 |
Net assets with donor restrictions | $383,179 |
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 | $2,231,333 |
Over the last fiscal year, we have identified 3 grants that Future 5 Inc has recieved totaling $9,000.
Awarding Organization | Amount |
---|---|
The Mdc Foundation Charlottesville, VA PURPOSE: GENERAL | $5,000 |
The Richard And Barbara Whitcomb Foundation Holyoke, MA PURPOSE: GENERAL SUPPORT | $3,000 |
Selkowitz Family Foundation Stamford, CT PURPOSE: HELP MOTIVATED, LOW-INCOME HIGH SCHOOL STUDENTS IN STAMFORD CONNECT TO THEIR FULL POTENTIAL | $1,000 |
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Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
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Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
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Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
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