Building Futures

Organization Overview

Building Futures is located in Providence, RI. The organization was established in 2016. 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 06/2022, Building Futures employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building 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 06/2022, Building Futures generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 18.2% 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.

Since 2020, Building Futures has awarded 28 individual grants totaling $1,348,546. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO MEET EMPLOYER AND INDUSTRY NEEDS FOR SKILLED WORKERS THROUGH REGISTERED APPRENTICESHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUILDING FUTURES -BUILDING FUTURES OPERATES A COMPREHENSIVE PRE-APPRENTICESHIP TRAINING PROGRAM TO HELP MEN AND WOMEN PREPARE FOR EMPLOYMENT IN ONE OF A DOZEN BUILDING TRADE APPRENTICESHIP PROGRAMS INCLUDING ELECTRICIANS, CARPENTERS, PLUMBERS, IRON WORKERS, PAINTERS, AND LABORERS. BUILDING FUTURES' 200-HOUR HANDS-ON PRE-APPRENTICESHIP TRAINING FOCUSES ON BASIC COMPETENCIES NEEDED ACROSS ALL CONSTRUCTION TRADES. THE MAIN COMPONENTS OF THE PROGRAM ARE RECRUITMENT, ORIENTATION, APPLICATION, ASSESSMENTS, CONSTRUCTION TRAINING, CONSTRUCTION MATH, PERSONAL FINANCIAL MANAGEMENT, CAREER GUIDANCE, PLACEMENT, AND EMPLOYMENT TRANSITION AND SUPPORT SERVICES. IN COLLABORATION WITH COMMUNITY PARTNERS, BUILDING FUTURES ALSO OFFERS AN ELECTIVE PROGRAM IN HOME BUILDING THAT PROVIDES AN EXTENDED HANDS-ON TRAINING OPPORTUNITY BUILDING MODEL ENERGY-EFFICIENT AFFORDABLE HOMES FOR LOW-INCOME FAMILIES IN LOW-INCOME NEIGHBORHOODS. FURTHER, THE ORGANIZATION OPERATES A 3-WEEK ELECTIVE IN INDUSTRIAL WELDING FOR GRADUATES OF THE 200-HOUR PRE-APPRENTICESHIP; THIS IS A CERTIFICATION COURSE TAUGHT BY A NATIONALLY CERTIFIED WELDING INSTRUCTOR. TOGETHER THESE TRAININGS ARE DESIGNED TO PREPARE GRADUATES FOR ENTRY AND SUCCESS IN REGISTERED APPRENTICESHIPS IN CONSTRUCTION. ALL SERVICES ARE AT NO COST TO TRAINEES.IN FISCAL 2022, WITH THE DECLINING IMPACTS OF COVID, BUILDING FUTURES WAS ABLE TO RESUME FULL ENROLLMENT IN ITS TRAINING PROGRAMS, WITH AN ANNUAL MINIMUM TARGET OF 30-35. WHILE ENROLLED FULL-TIME, PARTICIPANTS RECEIVE A TRAINING ALLOWANCE TO ENSURE RETENTION AND SUCCESSFUL COMPLETION OF THE PROGRAM. GRADUATES EARN MULTIPLE INDUSTRY-RECOGNIZED CERTIFICATIONS THAT HELP ENSURE ENTRY IN THEIR CHOSEN TRADE. ALL GRADUATES ARE GUIDED IN CHOOSING THE BUILDING TRADE OCCUPATION THAT BEST FITS THEIR INTERESTS AND ABILITIES. GRADUATES ARE ASSISTED IN PREPARING FOR APPRENTICESHIP PROGRAM ENTRANCE EXAMS AND INTERVIEWS, AND RECEIVE SUPPORT SERVICES AND GUIDANCE THROUGHOUT THEIR FIRST YEAR OF APPRENTICESHIP AND BEYOND. TO DATE, BUILDING FUTURES COMPLETED 376 JOB PLACEMENTS, INCLUDING 361 IN CONSTRUCTION REGISTERED APPRENTICESHIPS. 42% HAVE COMPLETED THEIR APPRENTICESHIPS AND ARE NOW JOURNEY WORKERS IN THEIR SELECTED TRADE. THUS FAR, OUR GRADUATES ARE MAINTAINING A 76% RETENTION RATE IN THE CONSTRUCTION INDUSTRY. WITH EMPLOYER AND TRADE APPRENTICESHIP PROGRAM PARTNERS, BUILDING FUTURES HAS CONTINUED TO REFINE AND EXPAND ITS PRE-APPRENTICESHIP PROGRAM, AND HAS BEEN NATIONALLY RECOGNIZED FOR ITS BEST PRACTICES BY MANY, INCLUDING THE UNITED STATES DEPARTMENT OF LABOR.IN ONGOING EFFORTS TO INCREASE THE DIVERSITY AND NUMBER OF QUALIFIED CANDIDATES FOR CONSTRUCTION APPRENTICESHIP PROGRAMS, THE ORGANIZATION HAS INCREASED ITS FOCUS ON RECRUITMENT, TRAINING, PLACEMENT AND RETENTION OF WOMEN IN THE TRADES, BOTH BY ESTABLISHING AN ALUMNI LEADERSHIP WORKING GROUP TO ASSIST WITH OUTREACH AND RECRUITMENT, AND VIA A MENTORSHIP PROGRAM FOR WOMEN TRAINEES AND GRADUATES. THUS FAR, 10% OF OUR GRADUATES HAVE BEEN WOMEN; THIS IS WELL ABOVE THE NATIONAL AVERAGE FOR WOMEN IN CONSTRUCTION. 76% OF OUR PLACED GRADUATES HAVE BEEN BIPOC, 48% JUSTICE INVOLVED, AND 36% FORMERLY INCARCERATED.


AMERICAN APPRENTICESHIP INITIATIVE -APPRENTICESHIP RHODE ISLAND ("ARI"), BUILDING FUTURES' INITIATIVE IN PARTNERSHIP WITH THE RI DEPARTMENT OF LABOR AND TRAINING, IS AN EFFORT TO EXPAND THE USE OF REGISTERED APPRENTICESHIP IN HIGH GROWTH NON-CONSTRUCTION OCCUPATIONS AND INDUSTRIES. BUILDING FUTURES SERVES AS THE STATE'S APPRENTICESHIP INTERMEDIARY, PROVIDING TECHNICAL ASSISTANCE AND RESOURCES TO EMPLOYERS TO BOTH DESIGN, LAUNCH AND OPERATE REGISTERED APPRENTICESHIP PROGRAMS FOR OCCUPATIONS IN HEALTH CARE, INFORMATION TECHNOLOGY, ADVANCED MANUFACTURING, MARINE TRADES, LANDSCAPE HORTICULTURE, AND OTHERS.TO DATE, APPRENTICESHIP RHODE ISLAND HAS WORKED WITH 130 EMPLOYERS AND 11 MULTI-EMPLOYER SPONSORS. CUMULATIVELY THESE PROGRAMS HAVE EMPLOYED AND TRAINED 2,000 APPRENTICES. NEW REGISTERED APPRENTICESHIP DEVELOPMENT IS UNDERWAY IN THESE AREAS: EARLY CHILDHOOD EDUCATORS, TEACHER ASSISTANTS FOR SPECIAL EDUCATION, AND LICENSED SCHOOL TEACHERS. BUILDING FUTURES IS ALSO EXPANDING ITS TECHNICAL ASSISTANCE TO SUPPORT RA SPONSORS IN DEVELOPING RIGOROUS EQUAL OPPORTUNITY STANDARDS IN RA THAT INCLUDE DIVERSITY, EQUITY, AND INCLUSION ("DEI") GOALS AND MENTORSHIP TRAININGS THAT SUPPORT THE SUCCESS OF RA.THESE ACTIVITIES REFLECT A NATURAL EXPANSION OF BUILDING FUTURES' WORK TO BETTER ACHIEVE ITS MISSION WHILE REPLICATING ITS EFFECTIVE WORK IN THE CONSTRUCTION INDUSTRY. ADDITIONAL ACTIVITIES INCLUDE ASSISTING COMMUNITY-BASED ORGANIZATIONS TO DESIGN, LAUNCH AND OPERATE NEW PRE-APPRENTICESHIP PROGRAMS SIMILAR TO THE BUILDING FUTURES MODEL FOR CONSTRUCTION. THROUGH THESE EFFORTS, BUILDING FUTURES HELPS PREPARE LOW-INCOME INDIVIDUALS FOR PLACEMENT IN THESE NON-TRADITIONAL REGISTERED APPRENTICESHIPS SPONSORED BY ARI AND ITS EMPLOYER PARTNERS. FINALLY, THE APPRENTICESHIP RHODE ISLAND INITIATIVE PLAYS A SIGNIFICANT INTERMEDIARY ROLE RELATED TO EXPANDING AND IMPROVING THE CAPACITY OF THE STATE'S APPRENTICESHIP AGENCY. WITH A FOCUS ON SERVING UNDERREPRESENTED POPULATIONS, BUILDING FUTURES SEEKS TO ALIGN MULTIPLE SYSTEMS TO EFFECTIVELY CONNECT PEOPLE TO REGISTERED APPRENTICESHIP. INTEGRATION EFFORTS IMPACT AND INCLUDE K THROUGH 12 AND POST-SECONDARY EDUCATION, THE PUBLIC WORKFORCE SYSTEM AND, IMPORTANTLY, COMMUNITY-BASED ORGANIZATIONS TO ALIGN SERVICES AND ESTABLISH NEW QUALITY PRE-APPRENTICESHIP PROGRAMS. IN 2020, THIS INITIATIVE WAS RECOGNIZED BY THE NATIONAL GOVERNOR'S ASSOCIATION AS ONE OF THE TOP 10 MOST EFFECTIVE PROGRAMS IN THE COUNTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Gregory A Mancini ESQ
Chair
$0
Scott Duhamel
Secretary
$0
Kenneth L Richardson Jr CPA
Treasurer Thru Jan 2022
$0
Bruce Iannuccillo
Treasurer As Of Feb 2022
$0
Eileen Hayes
Director
$0
Sandra M Powell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,578,449
All other contributions, gifts, grants, and similar amounts not included above$1,527,786
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,106,235
Total Program Service Revenue$0
Investment income $1
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 $3,108,008

Grants Awarded

Over the last fiscal year, Building Futures has awarded $212,544 in support to 7 organizations.

Grant RecipientAmount

CARE NEW ENGLAND HEALTH SYSTEM

PURPOSE: SUB AWARD IN SUPPORT OF REGISTERED APPRENTICESHIP DEVELOPMENT AND TRAINING

$28,512

DIMEO CONSTRUCTION COMPANY

PURPOSE: SUB AWARD IN SUPPORT OF REGISTERED APPRENTICESHIP DEVELOPMENT AND TRAINING

$11,200

FINISHING TRADES INSTITUTE OF SOUTHERN NEW ENGLAND INC

PURPOSE: SUB AWARD IN SUPPORT OF REGISTERED APPRENTICESHIP DEVELOPMENT AND TRAINING

$9,995

INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL NO 99

PURPOSE: SUB AWARD IN SUPPORT OF REGISTERED APPRENTICESHIP DEVELOPMENT AND TRAINING

$29,318

IRONWORKERS UNION LOCAL 37

PURPOSE: SUB AWARD IN SUPPORT OF REGISTERED APPRENTICESHIP DEVELOPMENT AND TRAINING

$29,771

RHODE ISLAND MANUFACTURING INSTITUTE DBA WE MAKE RI

PURPOSE: SUB AWARD IN SUPPORT OF REGISTERED APPRENTICESHIP DEVELOPMENT AND TRAINING

$60,290
View Grant Profile

Peer Organizations

Organization NameAssets
Eastern Connecticut Workforce Investment Board Inc
Franklin, CT
$17,114,768
Masshire Hampden County Workforce Board Inc
Springfield, MA
$15,807,503
National Telecommuting Institute
Boston, MA
$13,010,246
South Middlesex Non-Profit Housing Corporation
Framingham, MA
$11,185,710
Workforce Alliance Inc
New Haven, CT
$11,673,511
Metro North Regional Employment Board
Somerville, MA
$11,676,894
Career Resources Inc
Bridgeport, CT
$9,544,012
Boston Private Industry Council Inc The
Boston, MA
$9,474,413
Preparatory Rehabilitation For Individual Development & Employmen
Taunton, MA
$4,931,041
Kuhn Employment Opportunities Inc
Meriden, CT
$4,771,227
Hampden County Career Center Inc
Holyoke, MA
$4,728,085
Brockton Area Workforce Investment Board Inc
Brockton, MA
$4,577,121
Operating Engineers Local 478 Apprenticeship Training & Skill Im
Hamden, CT
$5,031,500
Masshire North Central Workforce Board Inc
Leominster, MA
$3,399,312
Hackdiversity Inc
Boston, MA
$3,293,661
Futureworks Inc
Springfield, MA
$3,082,363
M O L I F E Inc
Fairhaven, MA
$2,893,948
Training Resources Of America Inc
Worcester, MA
$2,433,947
Building Futures
Providence, RI
$3,108,008
Mediation Works Inc
Boston, MA
$2,549,283
Berkshire Training & Employment Inc
Pittsfield, MA
$2,053,466
Resilient Coders Inc
Cambridge, MA
$1,941,617
Tpc Social Ventures Inc
Providence, RI
$1,537,296
Berkshire County Regional Employment Board
Pittsfield, MA
$1,513,232
Opportunities Industrialization Center Of New Britain Inc
New Britain, CT
$1,251,854

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