Overview
What is Philadelphia Futures?
Philadelphia Futures is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 123 S Broad St STE 850. Its primary mission is to assist low-income, first-generation-to-college students by providing them with the necessary tools, resources, and opportunities for admission to and success in higher education. This is achieved through pre-college programs such as Sponsor-A-Scholar, founded in 1990, and College Connection, launched in 2013. These programs offer a comprehensive array of services, including year-round academic enrichment, personalized college guidance, financial incentives, extracurricular clubs, gender-specific programming, and individualized staff support. Philadelphia Futures serves students attending public, public charter, and parochial high schools in the area, aiming to remove traditional barriers to college success. With a staff of 38 individuals, the organization is committed to empowering its students and helping them achieve their academic goals.
Official website here: www.philadelphiafutures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
Philadelphia Futures has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a high level of transparency and effectiveness. With an overall score of 100%, the organization excels particularly in Accountability & Finance and Impact & Measurement, both scoring 100%. This rating reflects robust financial health and a strong commitment to evaluating and improving its programs.
The organization demonstrates exceptional governance with a board consisting entirely of independent members, enhancing its accountability. Notable financial metrics include a program expense ratio of 85.40% and a fundraising efficiency ratio of $0.04, indicating that a significant portion of revenue is directed toward its mission rather than overhead costs. Additionally, Philadelphia Futures has established comprehensive policies related to conflict of interest and whistleblower protections, reinforcing its commitment to ethical operations.
While the organization shows strong performance across all metrics, it is particularly commendable in its feedback collection and usage, scoring 100% in these areas. This suggests a proactive approach to addressing stakeholder needs and adapting strategies for greater impact. Overall, Philadelphia Futures stands out as a well-managed nonprofit dedicated to empowering students through education.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia Futures legitimate?
Philadelphia Futures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia Futures 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: $137,240
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,017,868
For more financial information, click here
Official website here: www.philadelphiafutures.org
What is the mission statement of Philadelphia Futures?
Philadelphia Futures' mission is to equip low-income, first-generation college students with the necessary tools, resources, and opportunities for admission to and success in higher education. Their direct service programs, including Sponsor-A-Scholar and College Connection, provide a comprehensive array of services and resources to remove traditional barriers that hinder these students from achieving college success. The organization offers year-round academic enrichment, personalized college guidance, financial incentives, extracurricular clubs and activities, gender-specific programming, and individual staff support to students attending public, charter, and parochial high schools in Philadelphia.
Official website here: www.philadelphiafutures.org
Who is the CEO of Philadelphia Futures?
Sara L Woods is the Chair of Philadelphia Futures.
Official website here: www.philadelphiafutures.org
What is the revenue of Philadelphia Futures?
Philadelphia Futures's revenue in 2022 was $5,219,514.
Official website here: www.philadelphiafutures.org
Who are the executives of Philadelphia Futures and what are their salaries?
The average compensation at Philadelphia Futures during 2022 was $56,713. There are 38 employees and 250 volunteers at Philadelphia Futures.
Here are 23 key members and their salaries:
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- Compensation: $125,000
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- Other: $14,734
Official website here: www.philadelphiafutures.org
Where can I find the form 990 for Philadelphia Futures?
Philadelphia Futures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philadelphiafutures.org
Learn more at the official website: www.philadelphiafutures.org
Mission Statement of Philadelphia Futures
Philadelphia Futures, a nonprofit organization, is dedicated to equipping low-income, first-generation-to-college students with the necessary tools, resources, and opportunities to gain admission to and succeed in higher education. The mission of this organization revolves around breaking down the barriers that have historically hindered these students from achieving college success. Through its direct service programs, Philadelphia Futures offers a comprehensive array of services and resources, including year-round academic enrichment, personalized college guidance, financial incentives, extracurricular clubs and activities, gender-specific programming, and individualized staff support. These pre-college programs cater to students attending Philadelphia public, public charter, and parochial high schools, aiming to level the playing field and provide these students with the same opportunities as their more affluent peers.
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Impact
October, 2024
Philadelphia Futures significantly impacts low-income, first-generation-to-college students by equipping them with the necessary tools, resources, and opportunities for college admission and success. Through programs like Sponsor-A-Scholar and College Connection, it offers a comprehensive array of services designed to dismantle barriers that these students often face.
These pre-college programs provide year-round academic enrichment, personalized college guidance, financial incentives, and a variety of extracurricular clubs and activities. They also include gender-specific programming and individualized support from dedicated staff, creating an inclusive and supportive environment for students attending public, public charter, and parochial high schools in Philadelphia.
The work of Philadelphia Futures not only prepares these students academically but also instills confidence and fosters a sense of community, encouraging them to pursue higher education and achieve their long-term goals. By addressing both the academic and emotional needs of students, Philadelphia Futures plays a crucial role in transforming their educational journey and future prospects.
This information is meant to be a general summary of Philadelphia Futures. 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: $830,153
- Gross Receipts: $6,994,049
Assets and Liabilities:
- Total Assets: $13,898,417
- Total Liabilities: $447,068
- Net Assets: $13,451,349
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Organization Details
Founding Year
1802
Phone
(215) 790-1666Principal Officer
Sara L Woods
Main Address
123 S BROAD ST STE 850, PHILADELPHIA, PA, 19109
Website
www.philadelphiafutures.orgNTEE Category
Code: B91Z - Education
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