Overview
What is New Futures?
New Futures is a nonprofit organization situated in Washington, D.C., specifically at 609 H Street NE 500. Their primary mission is to provide educational opportunities for underserved individuals in the D.C. area, enabling them to pursue short-term post-secondary educational programs. These programs can lead some individuals to further education, while others progress into financially rewarding, in-demand careers, ultimately achieving financial security. New Futures achieves this goal through a combination of scholarships, career guidance, and educational programs. They have a team of 19 dedicated employees committed to their cause.
Official website here: www.newfuturesdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating. New Futures demonstrates a strong performance with an overall score reflecting both accountability and impact, particularly excelling in impact measurement with a perfect score of 100. The organization has effectively managed its finances, maintaining a reasonable liabilities to assets ratio of 49.46% and a program expense ratio of 68.70%, indicating a significant commitment to its programs.
User feedback highlights the transformative impact New Futures has on the lives of youth facing significant challenges. A donor's review emphasizes the organization's ability to foster positivity and determination among beneficiaries, showcasing the essential support provided in both belief and financial aid. This personal insight underscores the organization's effectiveness in helping young people succeed against the odds.
While the financial scores are strong, the accountability and finance score of 56% suggests there may be areas for improvement in transparency or governance. Nevertheless, the organization’s impressive impact score and positive testimonials validate its effectiveness in serving its community and achieving results for its beneficiaries.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is New Futures legitimate?
New Futures is a legitimate nonprofit organization registered as a 501(c)(3) entity. New 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: $138,143
Professional Fundraising Fees: $72,054
Other Salaries and Wages: $800,435
For more financial information, click here
Official website here: www.newfuturesdc.org
What is the mission statement of New Futures?
New Futures' mission is centered around providing educational opportunities for underserved individuals in post-secondary education, aiming to propel them into rewarding careers. The organization offers a comprehensive program that includes scholarships, guidance, and career education to support young people from low-income backgrounds in pursuing shorter-term post-secondary educational programs. Some of these individuals may further their education, while others are prepared for financially sustainable, in-demand careers. This initiative ultimately aims to contribute to their financial security and overall career growth.
Official website here: www.newfuturesdc.org
Who is the CEO of New Futures?
Sherrod Williams is the Principal Officer of New Futures.
Official website here: www.newfuturesdc.org
What is the revenue of New Futures?
New Futures's revenue in 2022 was $1,440,926.
Official website here: www.newfuturesdc.org
Who are the executives of New Futures and what are their salaries?
The average compensation at New Futures during 2022 was $49,399. There are 19 employees and 200 volunteers at New Futures.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $138,143
- Related: $0
- Other: $0
- Compensation: $106,307
- Related: $0
- Other: $0
Official website here: www.newfuturesdc.org
Where can I find the form 990 for New Futures?
New Futures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newfuturesdc.org
Learn more at the official website: www.newfuturesdc.org
Mission Statement of New Futures
New Futures, a nonprofit organization, is dedicated to creating post-secondary educational opportunities for underserved individuals residing in the DC area. Their mission is to propel under-served young people towards rewarding careers by providing scholarships, guidance, and career education programs. This enables these individuals to pursue shorter-term post-secondary educational programs, some of whom may further their education, while all can secure financially sustainable in-demand careers. New Futures' innovative approach aims to bridge the gap in educational opportunities, empowering young people to build a stable future for themselves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
New Futures creates post-secondary educational opportunities for underserved individuals in the DC area, propelling them through short-term postsecondary degrees and into either further education or in-demand careers that lead to financial security. Through innovative programs of scholarships, advising, and career education, New Futures supports low-income young people in pursuing educational pathways that result in financially sustainable careers. This impact not only transforms the lives of individuals by providing them with the tools for success but also contributes to the overall economic advancement and well-being of the community.
This information is meant to be a general summary of New 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: $15,372
- Gross Receipts: $1,553,169
Assets and Liabilities:
- Total Assets: $2,874,489
- Total Liabilities: $1,421,982
- Net Assets: $1,452,507
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1999
Phone
(202) 384-5854Principal Officer
Sherrod Williams
Main Address
609 H STREET NE 500, WASHINGTON, DC, 200027184
Website
www.newfuturesdc.orgNTEE Category
Code: P20 - Human services
If you are a representative of New Futures and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.