Overview
What is Future 5 Inc?
Future 5 Inc is a nonprofit organization situated in Stamford, Connecticut, with a focus on empowering motivated, under-resourced high school students. Their primary activity is the "Here to There" program, which is mandatory for students seeking membership. This program encourages students to set and achieve short-term and long-term goals, while addressing potential obstacles along the way. The program involves small group discussions, workshops, and individual coaching sessions. Upon completion of the program, students gain access to various membership benefits, including academic support, enrichment activities, and general membership assistance. Future 5 Inc's mission is to help these students develop self-esteem, gain motivation, and create a plan for success in both school and life. The organization operates with a team of 25 dedicated individuals.
Official website here: www.futurefive.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%
Future 5 Inc has received a Four-Star out of Four Star rating on Charity Navigator, indicating that it excels in both accountability and financial health. With an impressive accountability and finance score of 96 and impact measurement score of 94, the organization demonstrates strong fiscal responsibility and effectiveness in its mission to support under-resourced youth. The program expense ratio is notably high at 81.25%, suggesting that a significant portion of its funding is allocated directly to programming.
User feedback highlights the organization's commitment to empowering high school students in Stamford. Volunteers and donors consistently praise the supportive environment and comprehensive programs, which include academic tutoring, college application assistance, and life skills workshops. Many reviews note the remarkable dedication of the staff and volunteers, emphasizing their role in helping students achieve their educational and career goals.
Although the organization has received overwhelmingly positive feedback, some minor areas for improvement have been identified, such as the posting of financial documents on their website. Nonetheless, the general consensus is that Future 5 Inc makes a profound impact on the community, providing crucial resources and guidance to students who might otherwise lack support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Future 5 Inc legitimate?
Future 5 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Future 5 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: $164,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $572,803
For more financial information, click here
Official website here: www.futurefive.org
What is the mission statement of Future 5 Inc?
Future 5 Inc, as an organization, is dedicated to helping motivated yet under-resourced students reach their full potential, ultimately leading to independence and productive citizenship. They achieve this by strengthening a student's self-esteem through character-building workshops, job preparation programs, college and career access and success support, and one-on-one coaching. These initiatives help the students develop the motivation and a strategic plan for achieving success in both their academic and personal lives.
Official website here: www.futurefive.org
Who is the CEO of Future 5 Inc?
Christopher Wright is the Principal Officer of Future 5 Inc.
Official website here: www.futurefive.org
What is the revenue of Future 5 Inc?
Future 5 Inc's revenue in 2022 was $1,897,428.
Official website here: www.futurefive.org
Who are the executives of Future 5 Inc and what are their salaries?
The average compensation at Future 5 Inc during 2022 was $29,472. There are 25 employees and 102 volunteers at Future 5 Inc.
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Official website here: www.futurefive.org
Where can I find the form 990 for Future 5 Inc?
Future 5 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.futurefive.org
Learn more at the official website: www.futurefive.org
Mission Statement of Future 5 Inc
Future 5 Inc, as a nonprofit organization, is committed to aiding motivated, underprivileged students in Stamford, connecting them to their full potential. This leading to independence and productive citizenship is the primary goal of Future 5 Inc. The organization strengthens a student's self-esteem through character-building workshops, job preparation programs, college and career access and success support, and one-on-one coaching. These initiatives enable students to develop the motivation and a strategic plan for achievement in both academic and personal endeavors.
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Impact
July, 2024
Future 5 Inc's impact is profound in helping motivated, under-resourced students in Stamford, CT connect to their full potential leading to independence and productive citizenship. Through its character-building workshops, job preparation programs, college and career access, success support, and one-on-one coaching, Future 5 strengthens students' self-esteem and provides them with the motivation and tools to achieve success in both their education and future endeavors. By serving 209 high school students and offering a holistic approach to student development, Future 5 is making a tangible difference in the lives of young individuals, empowering them to strive for excellence and realize their goals.
This information is meant to be a general summary of Future 5 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: $3,902
- Gross Receipts: $2,197,639
Assets and Liabilities:
- Total Assets: $2,567,154
- Total Liabilities: $39,779
- Net Assets: $2,527,375
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Organization Details
Founding Year
2013
Phone
(203) 358-8787Principal Officer
Christopher Wright
Main Address
135 ATLANTIC STREET, STAMFORD, CT, 06901
Website
www.futurefive.orgNTEE Category
Code: O50 - Youth development
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