Overview
What is Constructing Bright Futures?
Constructing Bright Futures is a nonprofit organization situated in Chicago, Illinois, with a specific focus on supporting inner-city residents who are unemployed. Their mission is to aid organizations that offer training and resources to help these individuals secure employment within the building trades sector. The June 2022 event they held aimed to enhance employment and advancement opportunities for these individuals. By providing support to these organizations, Constructing Bright Futures contributes to the betterment of the community and empowers its residents to secure steady employment, ultimately improving their livelihoods.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Constructing Bright Futures has received a solid Three-Star rating from Charity Navigator, reflecting an 80% overall score based entirely on its Accountability & Finance metrics. This rating indicates a strong commitment to transparency and financial health, which is essential for donor confidence and non-profit credibility.
The organization demonstrates outstanding governance, with a board comprising 100% independent members, ensuring objectivity in decision-making. It has effectively maintained a clean record with no material diversion of assets and shows a low liabilities-to-assets ratio, indicating excellent financial stewardship. Additionally, the high program expense ratio of 96.81% indicates that a significant portion of its funds goes directly toward its mission-oriented programs.
While the organization has received a commendable rating, it is important for potential donors to consider the broader context of its impact and outcomes, as the rating is solely based on financial accountability metrics. Overall, Constructing Bright Futures appears to be a responsible and well-managed nonprofit with a strong emphasis on financial health and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Constructing Bright Futures legitimate?
Constructing Bright Futures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Constructing Bright 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Constructing Bright Futures?
Constructing Bright Futures is an organization with a mission to support organizations that provide training and employment opportunities in the building trades for unemployed inner-city residents. Their goal is to help these individuals gain employment within this sector. The organization aims to expand employment and advancement prospects through its efforts. Their activities contribute to providing the necessary support for these organizations, ultimately leading to better employment opportunities for the targeted population.
Who is the CEO of Constructing Bright Futures?
Laura Buel is the President of Constructing Bright Futures.
What is the revenue of Constructing Bright Futures?
Constructing Bright Futures's revenue in 2022 was $161.
Who are the executives of Constructing Bright Futures and what are their salaries?
There 6 volunteers at Constructing Bright Futures.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Constructing Bright Futures?
Constructing Bright Futures's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Constructing Bright Futures
Constructing Bright Futures is an organization dedicated to supporting other nonprofits that provide training and employment opportunities in the building trades to unemployed inner-city residents. Its mission is to empower these residents by providing them with the necessary skills and resources to secure employment in the construction industry. The organization aims to expand employment and advancement opportunities for these individuals, thereby contributing to their economic growth and self-sufficiency. The June 2022 event was a significant step towards achieving this mission, providing support for the expansion of these opportunities.
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Impact
October, 2024
Constructing Bright Futures significantly impacts underprivileged communities by empowering unemployed inner-city residents with vital training and support to secure employment in the building trades. By facilitating events and resources that enhance job opportunities, such as the June 2022 initiative, it plays a crucial role in expanding career prospects and advancement for individuals seeking stable employment in Chicago. This approach not only addresses immediate unemployment challenges but also fosters long-term economic growth and stability within the community, ultimately contributing to a more skilled workforce in the local building industry.
This information is meant to be a general summary of Constructing Bright 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: $46
- Gross Receipts: $161
Assets and Liabilities:
- Total Assets: $473,908
- Total Liabilities: $0
- Net Assets: $473,908
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Organization Details
Founding Year
2018
Phone
(312) 469-8100Principal Officer
Laura Buel
Main Address
225 N COLUMBUS DRIVE 100, CHICAGO, IL, 60601
NTEE Category
Code: J12 - Employment
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