Overview
What is Building Futures?
Building Futures is a nonprofit organization situated in Providence, Rhode Island. Their primary mission is to prepare individuals, specifically men and women, for employment in various construction trades such as electricians, carpenters, plumbers, and laborers, among others. They offer a comprehensive pre-apprenticeship training program that includes recruiting, orientation, assessments, construction training, and employment transition services. The program is free for trainees and aims to equip them with essential competencies needed across various construction trades. Building Futures also provides additional elective programs in home building and industrial welding. In collaboration with community partners, the organization strives to increase diversity and the number of qualified candidates for construction apprenticeship programs, particularly focusing on women in the trades. To date, they have successfully placed 376 individuals in construction apprenticeships, with a high retention rate in the industry. Building Futures has been recognized for its best practices in the field by various organizations, including the United States Department of Labor.
Official website here: www.bfri.org
Is Building Futures legitimate?
Building Futures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building 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: $272,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $867,311
For more financial information, click here
Official website here: www.bfri.org
What is the mission statement of Building Futures?
Building Futures' mission is centered around addressing the demand for skilled workers in various industries by offering registered apprenticeship programs. Their primary goal is to meet employer needs while providing family-sustainable career opportunities for low-income, diverse residents. They operate a comprehensive pre-apprenticeship training program, encompassing employment readiness in various construction trades such as electricians, carpenters, plumbers, and laborers. The program focuses on essential competencies required across all construction trades, including construction training, math, financial management, career guidance, placement, and post-employment support services. Building Futures also offers an elective home building program, providing extended hands-on training in energy-efficient, affordable housing. Additionally, they offer a 3-week industrial welding certification course, preparing graduates for apprenticeships in construction. All services are offered at no cost to trainees. In 2022, with the decline of COVID-impacts, Building Futures successfully placed 376 individuals, with a 76% retention rate in the construction industry. The organization has been recognized for its best practices by the United States Department of Labor. To boost diversity, Building Futures focuses on increasing the number and qualifications of women in the trades, featuring an alumni leadership working group and a mentorship program for women trainees and graduates.
Official website here: www.bfri.org
Who is the CEO of Building Futures?
What is the revenue of Building Futures?
Who are the executives of Building Futures and what are their salaries?
The average compensation at Building Futures during 2022 was $56,995. There are 20 employees and 23 volunteers at Building Futures.
Here are 9 key members and their salaries:
- Andrew Cortes (Executive Director)
- Rita Holahan (Finance & Operations Director)
- Gregory A Mancini Esq (Chair) [Trustee/Director]
- Scott Duhamel (Secretary) [Trustee/Director]
- Kenneth L Richardson Jr Cpa (Treasurer Thru Jan 2022) [Trustee/Director]
- Bruce Iannuccillo (Treasurer As Of Feb 2022) [Trustee/Director]
- Eileen Hayes (Director)
- Sandra M Powell (Director)
- Michael F Sabitoni (Director Thru Oct 2021/Emeritus)
Official website here: www.bfri.org
Where can I find the form 990 for Building Futures?
The Building Futures’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.bfri.org
Learn more at the official website: www.bfri.org
Mission Statement of Building Futures
Building Futures, a nonprofit organization, is dedicated to addressing the employment and industry needs for skilled workers. Their mission is to accomplish this goal through the registered apprenticeship system, thereby providing family-sustaining career opportunities for low-income, diverse residents of Rhode Island. Building Futures offers a comprehensive pre-apprenticeship training program to prepare individuals for various construction trade apprenticeships, such as electricians, carpenters, plumbers, ironworkers, painters, and laborers. The 200-hour hands-on training program focuses on basic competencies needed across all construction trades. This program includes recruitment, orientation, application, assessments, construction training, construction math, personal financial management, career guidance, placement, and employment transition and support services.
In collaboration with community partners, Building Futures also offers an elective program in home building, which provides an extended hands-on training opportunity for trainees to build energy-efficient affordable homes for low-income families in low-income neighborhoods. Additionally, the organization offers a 3-week elective in industrial welding for graduates of the 200-hour pre-apprenticeship, which is a certification course taught by a nationally certified welding instructor. These trainings aim to prepare graduates for entry and success in registered apprenticeships in construction. All services are provided at no cost to trainees. During fiscal 2022, Building Futures was able to resume full enrollment in its training programs and placed 376 individuals, with 42% completing their apprenticeships and becoming journey workers in their selected trade. The organization has been nationally recognized for its best practices in apprenticeship programs by various organizations, including the United States Department of Labor.
In ongoing efforts to increase the diversity and number of qualified candidates for construction apprenticeship programs, Building Futures has increased its focus on recruitment, training, placement, and retention of women in the trades. The organization has established an alumni leadership working group to assist with outreach and recruitment and has implemented a mentorship program for women trainees and graduates. As a result, 10% of Building Futures' graduates have been women, significantly above the national average for women in construction. The organization has also placed 76% of its graduates as individuals of color, 48% who have been justice-involved, and 36% who have been formerly incarcerated.
Impact
This information is meant to be a general summary of Building Futures. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Building Futures has made a significant impact by providing comprehensive pre-apprenticeship training programs to help individuals prepare for employment in various building trade apprenticeship programs. They have completed 376 job placements, with 361 in construction registered apprenticeships. Additionally, 42% of their graduates have completed their apprenticeships and are now journey workers in their selected trade. The organization has maintained a high retention rate of 76% in the construction industry for their graduates. Building Futures has been nationally recognized for its best practices by entities including the United States Department of Labor. Furthermore, they have increased their focus on recruiting, training, placing, and retaining women in the trades, with 10% of their graduates being women, which is above the national average for women in construction. Overall, Building Futures is creating family-sustaining career opportunities for low-income diverse residents of Rhode Island, fulfilling their mission to meet employer and industry needs for skilled workers through the registered apprenticeship system.
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.
- Assets and Liabilities:
Organization Details
Founding Year
2016
Phone
(401) 919-5919
Principal Officer
Andrew Cortes
Main Address
ONE ACORN STREET, PROVIDENCE, RI, 02903
Website
www.bfri.org
NTEE Category
Code: J20 - Employment
If you are a representative of Building 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.