Overview
What is Better Future Forward Inc?
Better Future Forward Inc, based in Alexandria, Virginia, is a nonprofit organization with a mission to ensure equitable access to high-quality post-secondary opportunities for individuals with limited financial means. They have implemented community funds to help students complete a bachelor's degree at higher rates. Established with the belief that all individuals deserve equal access to quality education, Better Future Forward Inc provides protective financial support, enabling students to fully participate in educational pathways leading to a prosperous and fulfilling life. With a dedicated workforce of six employees, this organization is committed to bridging the financial gap and making higher education more accessible.
Official website here: www.betterfutureforward.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Better Future Forward Inc has a solid performance in several areas of accountability and finance, achieving an 81.31% program expense ratio, which indicates that a significant portion of its expenditures is directed towards its charitable programs. The organization also boasts a high percentage of independent board members, which reflects well on its governance structure and commitment to transparency.
However, the organization has notable limitations that have impacted its overall rating, particularly regarding missing policies such as the whistleblower policy and document retention and destruction policy. Additionally, the tax form is not posted on the nonprofit's website, which could affect transparency for potential donors. The liabilities to assets ratio is quite high at 99.99%, suggesting potential financial stability concerns that could warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Better Future Forward Inc legitimate?
Better Future Forward Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better Future Forward 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: $169,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $262,492
For more financial information, click here
Official website here: www.betterfutureforward.org
What is the mission statement of Better Future Forward Inc?
Better Future Forward Inc, established with the goal of ensuring equitable access to high-quality post-secondary opportunities, aims to provide protective financial support to students. This support enables them to fully participate in various educational pathways, ultimately leading to a prosperous and fulfilling life. The organization has implemented community funds, specifically designed to assist students with limited financial means, allowing them to complete a bachelor's degree at higher rates.
Official website here: www.betterfutureforward.org
Who is the CEO of Better Future Forward Inc?
Kevin James is the Founder & Ceo of Better Future Forward Inc. The CEO's salary of Better Future Forward Inc is $169,194 and their total compensation is $169,194.
Official website here: www.betterfutureforward.org
What is the revenue of Better Future Forward Inc?
Better Future Forward Inc's revenue in 2022 was $722,514.
Official website here: www.betterfutureforward.org
Who are the executives of Better Future Forward Inc and what are their salaries?
The average compensation at Better Future Forward Inc during 2022 was $71,948. There are 6 employees at Better Future Forward Inc.
Here are 7 key members and their salaries (Better Future Forward Inc's CEO's salary is $169,194 and their total compensation is $169,194):
- Compensation: $169,194
- 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
Official website here: www.betterfutureforward.org
Where can I find the form 990 for Better Future Forward Inc?
Better Future Forward Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.betterfutureforward.org
Learn more at the official website: www.betterfutureforward.org
Mission Statement of Better Future Forward Inc
Better Future Forward Inc, a nonprofit organization, was established with a mission to ensure that all individuals have equitable access to high-quality post-secondary opportunities. This mission is rooted in the belief that every student deserves protective financial support, enabling them to fully participate in high-quality educational pathways, leading to a prosperous and fulfilling life. To accomplish this, Better Future Forward Inc implemented community funds, specifically designed to assist students with limited financial means in accessing and completing a bachelor's degree at higher rates. By providing this support, the organization aims to bridge the financial gaps that often hinder students from fully benefiting from their educational journeys, ultimately contributing to a more equitable society.
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Impact
July, 2024
Better Future Forward Inc's impact can be seen in its commitment to ensuring all individuals have equitable access to high-quality postsecondary opportunities. Through the implementation of community funds designed to help students with limited financial means access and complete a bachelor's degree at higher rates, Better Future Forward is making a tangible difference in increasing educational equity. By providing protective financial support, the organization is enabling students to access and fully participate in educational pathways that lead to a prosperous and fulfilling life. This work aligns with Better Future Forward's mission to ensure all students have the opportunity to reach their full potential through education.
This information is meant to be a general summary of Better Future Forward 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: $62
- Program Service Revenue: $2,625
- Gross Receipts: $722,514
Assets and Liabilities:
- Total Assets: $2,533,423
- Total Liabilities: $2,828,612
- Net Assets: -$295,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARITABLE SERVICE REVENUE
Revenue
$2,500
PROGRAM SERVICE REVENUE
Revenue
$125
Organization Details
Founding Year
2016
Phone
(703) 587-4080Principal Officer
Kevin James
Main Address
7584 Blanford Court, Alexandria, VA, 22315
Website
www.betterfutureforward.orgNTEE Category
Code: B82 - Education
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