Overview
What is Future Foundation Inc?
Future Foundation Inc, established in Atlanta, Georgia, since 2001, is a nonprofit organization committed to breaking the cycle of generational poverty. By acting as a supportive network, they offer young individuals opportunities for personal growth and skill development. Their focus areas include relationships, health, life skills, academics, and family, ensuring both generations can progress together. The organization's mission is to level the playing field for youth trapped in poverty, providing them with new experiences and reinforcing essential skills for thriving in adulthood. With a workforce of 72 individuals, Future Foundation Inc operates in Atlanta, offering resources and support to help young people overcome generational poverty.
Official website here: www.future-foundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Future Foundation Inc has achieved a notable Four-Star rating from Charity Navigator, which reflects a strong commitment to accountability and finance. The charity's overall score is derived entirely from its accountability and finance metrics, with a score of 94%. A significant strength is its independent board, with 100% of members being independent, indicating a robust governance structure.
The organization excels in several specific areas, including its financial oversight, with a perfect score for its Audit and Oversight Committee. It also maintains a clean record regarding the diversion of assets, showing reliability in its financial practices. Furthermore, the foundation has comprehensive policies in place for conflict of interest, whistleblowing, and document retention, which foster transparency and ethical management.
One aspect to note is the organization's liabilities to assets ratio, which stands at 52.16%. While this is a reasonable figure, it indicates that the foundation carries some liabilities relative to its assets. However, its program expense ratio of 85.14% suggests that a substantial majority of its funds are directed towards its programs, highlighting its focus on fulfilling its mission. Overall, Future Foundation Inc is recognized for its effective management and dedication to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Future Foundation Inc legitimate?
Future Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Future Foundation 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: $179,591
Professional Fundraising Fees: $0
Other Salaries and Wages: $707,694
For more financial information, click here
Official website here: www.future-foundation.com
What is the mission statement of Future Foundation Inc?
The Future Foundation Inc is dedicated to leveling the playing field for youth trapped in a cycle of poverty. By functioning as an additional family, the organization provides them with new experiences and reinforces essential skills needed for thriving in adulthood. Since its establishment in 2001, the Foundation has focused on five interconnected areas of young people's lives, namely relationships, health, life skills, academics, and family. By offering relevant resources to their families as well, both generations can make progress together, ultimately aiming to dismantle the persistent cycle of generational poverty.
Official website here: www.future-foundation.com
Who is the CEO of Future Foundation Inc?
Ronnette Smith is the Founder of Future Foundation Inc. The CEO's salary of Future Foundation Inc is $0 and their total compensation is $0.
Official website here: www.future-foundation.com
What is the revenue of Future Foundation Inc?
Future Foundation Inc's revenue in 2022 was $1,811,859.
Official website here: www.future-foundation.com
Who are the executives of Future Foundation Inc and what are their salaries?
The average compensation at Future Foundation Inc during 2022 was $12,323. There are 72 employees at Future Foundation Inc.
Here are 9 key members and their salaries (Future Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.future-foundation.com
Where can I find the form 990 for Future Foundation Inc?
Future Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.future-foundation.com
Learn more at the official website: www.future-foundation.com
Mission Statement of Future Foundation Inc
Future Foundation Inc, a nonprofit organization, strives to even out the opportunities for youth trapped in a cycle of generational poverty. By functioning as an alternative family, the foundation offers new experiences and reinforces vital skills needed to thrive in adulthood. Since its inception in 2001, Future Foundation Inc has concentrated on five crucial aspects of young individuals' lives: relationships, health, life skills, academics, and family. The organization extends its resources to their families as well, enabling both generations to make strides together. The ultimate goal of Future Foundation Inc is to put an end to the persistent cycle of poverty in Atlanta.
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Impact
July, 2024
Future Foundation Inc's impact lies in leveling the playing field for youth caught in a cycle of generational poverty by serving as a second family, providing exposure to new experiences, and reinforcing the skills needed to thrive in adulthood. Since 2001, the foundation has focused on critical aspects of young people's lives - relationships, health, life skills, academics, and family. By offering resources to both the youth and their families, Future Foundation Inc aims to make progress together with the ultimate goal of ending the pervasive cycle of generational poverty in Atlanta.
This information is meant to be a general summary of Future Foundation 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.
- Gross Receipts: $1,811,859
Assets and Liabilities:
- Total Assets: $450,870
- Total Liabilities: $235,202
- Net Assets: $215,668
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Organization Details
Founding Year
2001
Phone
(404) 766-0510Principal Officer
Ronnette Smith
Main Address
1892 WASHINGTON ROAD, ATLANTA, GA, 30344
Website
www.future-foundation.comNTEE Category
Code: O50 - Youth development
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