Overview
What is Futures And Options Inc?
Futures and Options Inc, based in New York City, is a dedicated nonprofit organization that strives to empower underrepresented youth, primarily of color and from historically marginalized communities. Their mission is to equip these young individuals with transferable professional skills, encourage higher education, and prepare them for success in the 21st-century global economy. They achieve this by collaborating with local employers to provide career development opportunities, such as the Career Essentials program and internships. In the 2022 fiscal year, they reached 312 high school students through Career Essentials and 296 students through internships. The college guidance initiative offered support to 215 students. Futures and Options also organizes events to help alumni apply the skills they acquired to their post-secondary pathways, bridging the gap between high school and college. Their On the Road program brings their expertise and programming directly to schools and nonprofit organizations, benefiting over 450 young people each year. With a workforce of 275, Futures and Options is committed to guiding New York City's youth toward successful futures.
Official website here: www.futuresandoptions.org/fao/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
Futures and Options Inc has achieved a Four-Star rating on Charity Navigator, reflecting strong performance in accountability, finance, leadership, and community engagement. The high accountability and finance score of 97 indicates effective use of resources and transparency in operations. The organization demonstrates a solid program expense ratio, with 78.34% of its expenditures allocated to programs, highlighting its commitment to mission-driven activities.
User reviews consistently commend the organization's impact on youth in New York City, particularly in providing career development opportunities and internships. Participants express gratitude for the mentorship, resources, and training they received, which greatly influenced their career paths. Many users noted the professionalism and dedication of Futures and Options' staff, which contributes to a supportive and enriching experience for the interns.
However, while the feedback is overwhelmingly positive, the culture and community score at 77 suggests there may be room for improvement in fostering an even stronger sense of community among participants and volunteers. Despite this, the organization is recognized for its innovative approach to connecting students with career exploration, and its commitment to diversity, equity, and inclusion initiatives is praised by stakeholders.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Futures And Options Inc?
94% of 12 reviewers on Facebook recommend Futures And Options Inc. Here is a summary of their reviews:
Many users express appreciation for the wide range of opportunities offered by the organization. They highlight the positive impact these resources have on individual growth and development. The consensus appears to be that Futures And Options Inc effectively delivers valuable programs that empower participants through skill-building and support.
Overall, it seems that the nonprofit is well-regarded, with supporters affirming its commitment to enhancing prospects for those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Futures And Options Inc legitimate?
Futures And Options Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Futures And Options Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $301,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,619,888
For more financial information, click here
Official website here: www.futuresandoptions.org/fao/
What is the mission statement of Futures And Options Inc?
Futures and Options Inc's mission is centered around empowering underprivileged youth in New York City. Through career development and supervised internships, the organization offers youth access to the economic mainstream, providing work readiness training and support from caring adults. Simultaneously, private and nonprofit businesses are connected to a diverse pool of motivated and talented young individuals. The organization reaches out to teenagers during a formative stage of their lives, guiding them towards furthering their education and becoming active contributors to society. Futures and Options Inc serves over 2,000 students.
Official website here: www.futuresandoptions.org/fao/
Who is the CEO of Futures And Options Inc?
Carolyn Silver is the Chair of Futures And Options Inc.
Official website here: www.futuresandoptions.org/fao/
What is the revenue of Futures And Options Inc?
Futures And Options Inc's revenue in 2022 was $4,437,434.
Official website here: www.futuresandoptions.org/fao/
Who are the executives of Futures And Options Inc and what are their salaries?
The average compensation at Futures And Options Inc during 2022 was $6,988. There are 275 employees and 363 volunteers at Futures And Options Inc.
Here are 31 key members and their salaries:
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- Compensation: $176,254
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Official website here: www.futuresandoptions.org/fao/
Where can I find the form 990 for Futures And Options Inc?
Futures And Options Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.futuresandoptions.org/fao/
Learn more at the official website: www.futuresandoptions.org/fao/
Mission Statement of Futures And Options Inc
Futures and Options Inc, a nonprofit organization, is dedicated to empowering New York City's underprivileged youth. Their mission is to guide these young individuals towards furthering their education and ultimately integrating into the economic mainstream. They achieve this by offering career development programs and mentored internships. Through these initiatives, Futures and Options Inc provides youth with the necessary access to work readiness training and support from caring adults. By reaching out to teenagers at a crucial stage in their lives, the organization aims to guide them towards pursuing their education and becoming valuable contributors to society. Ultimately, Futures and Options Inc connects promising, motivated, and diverse youth with private and nonprofit businesses, creating a pipeline of talented individuals for these organizations. With over 2,000 students served, Futures and Options Inc is making a significant impact on the lives of New York City's youth.
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Impact
October, 2024
Futures And Options Inc has a profound impact on New York City's underserved youth, empowering them to explore career pathways and facilitating their educational pursuits. By specifically targeting youth of color and students from historically underrepresented communities, the organization equips them with essential professional skills required to thrive in a competitive global economy.
In FY2022, the organization reached a remarkable number of students. Through its after-school program, Career Essentials, 312 high school students engaged in work-readiness training and career exploration. The Internship Program provided 296 students with paid, mentored internships across 102 businesses and government agencies, enabling them to gain hands-on experience that is crucial for their future careers.
In addition to these initiatives, the College Guidance Initiative supported 215 students as they navigated the complexities of college applications and selections. The Alumni Engagement Programs strengthened the connection between high school and post-secondary education, allowing 316 graduates to apply their refined executive skills in real-world contexts.
Futures And Options Inc also extends its reach through partnerships with schools and organizations, bringing tailored workshops directly into communities. The "On the Road" initiative benefited 457 young people in FY22, further expanding the organization's influence in shaping the futures of NYC youth.
Overall, Futures And Options Inc plays a vital role in creating a pipeline of motivated and diverse young individuals, connected to the local economic mainstream and equipped to succeed academically and professionally.
This information is meant to be a general summary of Futures And Options Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $219
- Program Service Revenue: $739,805
- Gross Receipts: $4,632,672
Assets and Liabilities:
- Total Assets: $3,299,886
- Total Liabilities: $116,633
- Net Assets: $3,183,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$739,805
Organization Details
Founding Year
1999
Phone
(212) 601-0002Principal Officer
Carolyn Silver
Main Address
111 BROADWAY 1602, NEW YORK, NY, 10006
NTEE Category
Code: B90 - Education
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