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New Futures

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 522180378 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Julie Green (Executive Director)
  • Compensation: $138,143
  • Related: $0
  • Other: $0

    • Griselda Macias (Director Of Programs)
  • Compensation: $106,307
  • Related: $0
  • Other: $0

    • Susan Krause Bell (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patience Peabody (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Kafka (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Mathis (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather Wathington (Development Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin Dufour (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vincena Allen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew K Brown (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kendra Grinnage (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Hayes (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Jackson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Kershow (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Vinick (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Saum (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Selvon Waldron (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Oberstein (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newfuturesdc.org

    Where can I find the form 990 for New Futures?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15,372
  • Program Service Revenue: $0
  • Gross Receipts: $1,553,169

    • Assets and Liabilities:
  • Total Assets: $2,874,489
  • Total Liabilities: $1,421,982
  • Net Assets: $1,452,507
  • Organization Details

    Founding Year

    1999

    Principal Officer

    Sherrod Williams

    Main Address

    609 H STREET NE 500, WASHINGTON, DC, 200027184

    NTEE 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.