Overview
What is Future Founders Foundation?
The Future Founders Foundation, situated in Chicago, Illinois, is a nonprofit organization that fosters entrepreneurship among middle and high school students from underserved neighborhoods. Their mission is to empower these young individuals, providing them with in-school workshops and out-of-school experiences, such as Startup Spring Break and the "Be Your Own Boss" summer internship. The organization believes in the potential of every youth, aiming to equip them with essential entrepreneurial skills. With a team of 11 dedicated individuals, Future Founders Foundation is committed to nurturing the next generation of entrepreneurs.
Official website here: www.futurefounders.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Future Founders Foundation is recognized for its strong commitment to accountability and finance, achieving a 96% score in these categories. This rating reflects a well-managed organization with a majority of independent board members, complete financial audits, and robust policies in place to ensure ethical governance. Such transparency and strong financial health are essential indicators of the foundation's operational integrity.
User feedback highlights the foundation's effective mission focused on empowering youth to become entrepreneurs. Many volunteers and supporters commend the staff and leadership for their dedication and the evolution of programs to meet student needs. Positive experiences, such as those shared by long-term volunteers, reinforce the foundation's reputation as a valuable resource for youth in Chicago.
However, there are noted criticisms concerning the organization's inclusivity and leadership dynamics. Some users have expressed concerns about the lack of representation among staff and board members, as well as negative interactions with a director. These issues suggest that while the foundation has strong financial practices, it may need to address internal culture and leadership to better align with its mission of serving diverse student populations.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Future Founders Foundation?
96% of 19 reviewers on Facebook recommend Future Founders Foundation. Here is a summary of their reviews:
Many users express their appreciation for the support provided by the foundation, particularly noting the impactful guidance they received while participating in one of the organization’s programs. One user highlighted how the assistance offered was not only helpful but also exceeded their expectations, describing the support as overwhelmingly amazing for their business growth.
Overall, there is a strong sentiment of satisfaction among participants. The foundation appears to effectively deliver on its promise to help emerging entrepreneurs and fosters a positive environment for business development.
This AI summary has been generated from reviews found on Facebook.
Is Future Founders Foundation legitimate?
Future Founders Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Future Founders Foundation 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: $175,804
Professional Fundraising Fees: $0
Other Salaries and Wages: $469,079
For more financial information, click here
Official website here: www.futurefounders.com
What is the mission statement of Future Founders Foundation?
The Future Founders Foundation's mission is centered around empowering every youth, particularly from underserved communities, to develop entrepreneurial skills. Through in-school workshops and out-of-school experiences such as Startup Spring Break and the "Be Your Own Boss" summer internship, the organization aims to inspire and equip young individuals with the necessary entrepreneurial knowledge.
Official website here: www.futurefounders.com
Who is the CEO of Future Founders Foundation?
Scott Issen is the Founding Cha of Future Founders Foundation.
Official website here: www.futurefounders.com
What is the revenue of Future Founders Foundation?
Future Founders Foundation's revenue in 2022 was $1,843,017.
Official website here: www.futurefounders.com
Who are the executives of Future Founders Foundation and what are their salaries?
The average compensation at Future Founders Foundation during 2022 was $58,626. There are 11 employees and 200 volunteers at Future Founders Foundation.
Here are 7 key members and their salaries:
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- Compensation: $168,952
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Official website here: www.futurefounders.com
Where can I find the form 990 for Future Founders Foundation?
Future Founders Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.futurefounders.com
Learn more at the official website: www.futurefounders.com
Mission Statement of Future Founders Foundation
Future Founders Foundation, with a strong belief in every youth's potential, is committed to fostering entrepreneurship among middle and high school students from underserved neighborhoods in Chicago. The organization's mission is to empower these young individuals by providing them with opportunities to discover entrepreneurship and develop essential entrepreneurial skills. This is achieved through a combination of in-school workshops and out-of-school experiences, such as Startup Spring Break and the "Be Your Own Boss" Summer Internship. These initiatives not only inspire creativity and innovation but also equip these students with the necessary tools to navigate the world of entrepreneurship. By investing in Chicago's future leaders, Future Founders Foundation is contributing to a more diverse and dynamic entrepreneurial landscape.
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Impact
July, 2024
Future Founders Foundation empowers middle and high schoolers from Chicago's most underserved neighborhoods to discover entrepreneurship and develop entrepreneurial skills. Through in-school workshops and out-of-school experiences like Startup Spring Break and the "Be Your Own Boss" summer internship, the organization is making a significant impact by instilling a mindset of creativity, innovation, and self-empowerment in youth. By fostering an entrepreneurial spirit in these young individuals, Future Founders Foundation is helping to create a future generation of aspiring entrepreneurs who are equipped with the skills and confidence to succeed in the business world.
This information is meant to be a general summary of Future Founders Foundation. 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: $1,673
- Program Service Revenue: $97,106
- Gross Receipts: $1,843,017
Assets and Liabilities:
- Total Assets: $2,133,444
- Total Liabilities: $582,524
- Net Assets: $1,550,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE
Revenue
$97,106
Organization Details
Founding Year
2011
Phone
(312) 350-0334Principal Officer
Scott Issen
Main Address
1 N DEARBORN ST 5TH FLOOR, CHICAGO, IL, 60602
Website
www.futurefounders.comNTEE Category
Code: B82 - Education
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