2023-09-01T13:34:48-05:00 2022-12-31 814643077 WEYRICH CRONIN & SORRA LLC 20 WIGHT AVENUE SUITE 210 HUNT VALLEY MD 21030 990 2022-01-01 522180378 NEW FUTURES NEWF 2023845854 609 H STREET NE 500 WASHINGTON DC 200027184 DR SHERROD WILLIAMS CHIEF EXECUTIVE OFFICER 2023845854 2023-09-01 1 DR SHERROD WILLIAMS XXX-XX-XXXX 0 ANGELINE WHITE P00431590 4103396464 2023-08-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHERROD WILLIAMS 609 H STREET NE 500 WASHINGTON DC 200027184 1553169 0 X WWW.NEWFUTURESDC.ORG X 1999 DC TO CREATE POST-SECONDARY EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED INDIVIDUALS IN THE DC AREA. 16 16 19 200 0 0 1335197 1425554 0 0 13108 15372 240302 0 1588607 1440926 561669 501666 0 0 895878 1066038 98210 72054 298360 341033 537153 1896790 2176911 -308183 -735985 3353001 2874489 973133 1421982 2379868 1452507 MISSION: EDUCATIONAL OPPORTUNITIES FOR REWARDING CAREERS. NEW FUTURES PROPELS UNDER-SERVED YOUNG PEOPLE THROUGH SHORT-TERM POSTSECONDARY DEGREES AND INTO EITHER FURTHER EDUCATION OR IN-DEMAND CAREERS THAT LEAD TO FINANCIAL SECURITY. 0 0 1492099 501666 NEW FUTURES PROVIDES AN INNOVATIVE PROGRAM OF SCHOLARSHIPS, ADVISING, AND CAREER EDUCATION PROGRAMS TO SUPPORT LOW-INCOME DC-AREA YOUNG PEOPLE PURSUING SHORTER-TERM POST-SECONDARY EDUCATIONAL PROGRAMS, LEADING FOR SOME TO FURTHER EDUCATION, AND FOR ALL TO FINANCIALLY-SUSTAINABLE IN-DEMAND CAREERS. 1492099 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X X DR SHERROD WILLIAMS 2023845854 609 H STREET NE NO 500 WASHINGTON DC 200027184 SUSAN KRAUSE BELL CHAIR 4.00 X X 0 0 0 PATIENCE PEABODY VICE CHAIR 4.00 X X 0 0 0 BARBARA KAFKA TREASURER 4.00 X X 0 0 0 JONATHAN MATHIS SECRETARY 4.00 X 0 0 0 HEATHER WATHINGTON DEVELOPMENT CHAIR 4.00 X 0 0 0 JUSTIN DUFOUR BOARD MEMBER 2.00 X 0 0 0 VINCENA ALLEN BOARD MEMBER 2.00 X 0 0 0 ANDREW K BROWN BOARD MEMBER 2.00 X 0 0 0 KENDRA GRINNAGE BOARD MEMBER 2.00 X 0 0 0 ELIZABETH HAYES BOARD MEMBER 2.00 X 0 0 0 LORI JACKSON BOARD MEMBER 2.00 X 0 0 0 MICHAEL KERSHOW BOARD MEMBER 2.00 X 0 0 0 KIM VINICK BOARD MEMBER 2.00 X 0 0 0 BOB SAUM BOARD MEMBER 2.00 X 0 0 0 SELVON WALDRON BOARD MEMBER 2.00 X 0 0 0 JEFFREY OBERSTEIN BOARD MEMBER 2.00 X 0 0 0 JULIE GREEN EXECUTIVE DIRECTOR 50.00 X 138143 0 0 GRISELDA MACIAS DIRECTOR OF PROGRAMS 40.00 X 106307 0 0 244450 0 0 2 0 0 0 0 1425554 1425554 17629 17629 109986 112243 -2257 -2257 -2257 1440926 0 0 15372 501666 501666 138143 105213 11629 21301 800435 609632 67381 123422 127460 93357 10020 24083 676 676 68000 68000 72054 72054 158361 34587 115875 7899 22519 19970 2536 13 10049 2085 7065 899 49007 3914 43796 1297 89884 74604 6292 8988 6093 1424 4569 100 1844 1844 5254 5254 STAFF TRAINING 24862 11023 13839 BAD DEBT 18057 18057 FUNDRAISING 17246 788 16458 BOARD FUNCTIONS 13404 12334 1070 51897 34624 14554 2719 2176911 1492099 386452 298360 858589 950119 1049677 547947 9413 8544 327121 18245 3875 308876 1417280 1044054 14167 14949 3353001 2874489 973133 1111894 2000 0 308088 973133 1421982 X 1087198 760507 1292670 692000 2379868 1452507 3353001 2874489 -735985 -191376 0 X X 0 1 X 1 0 X 1209688 1130338 2690432 1211665 1425554 7667677 1209688 1130338 2690432 1211665 1425554 7667677 2120691 5546986 21257 165504 121381 159715 17629 485486 8153163 0.68030 0.62540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 327121 18245 308876 308876 OPERATING LEASE LIABILITY 308088 308088 1323623 -191376 74073 -117303 1440926 0 1440926 2250984 74073 74073 2176911 0 2176911 X X X X X X 1 ELEVATE 2424 18TH ST NW STE C2 WASHINGTON DC 20009 GRANT WRITING ON CONTRACT 0 717829 55560 662269 CHRIS STACEY 4507 Q STREET NW WASHINGTON DC 20007 GRANT WRITING ON CONTRACT 0 512000 16494 495506 1229829 72054 1157775 DC MD VA 1 AWARDED SCHOLARSHIPS 79 501666 PART I, LINE 2: NEW FUTURES PARTNERS WITH WELL RESPECTED, COMMUNITY-BASED ORGANIZATIONS IN THE WASHINGTON, DC METROPOLITAN AREA. OUR MODEL OF COLLABORATION ALLOWS US TO BUILD ON THE WORK OF OUR COMMUNITY PARTNERS TO PROVIDE YOUNG PEOPLE WITH ACCESS TO POST-SECONDARY EDUCATION. X 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE BOARD REVIEWS PERFORMANCE OF THE EXECUTIVE DIRECTOR AND VOTES ON ANY SALARY INCREASES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR ONCE COMPLETED BY THE AUDITORS. ONCE THE EXECUTIVE DIRECTOR IS SATISFIED WITH THE ACCURACY, THE 990 IS THEN PASSED ON TO THE BOARD FOR REVIEW. IT IS REVIEWED AND ONCE ACCURATE, APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL INDIVIDUALS COVERED UNDER THE POLICY SHALL BE PROVIDED WITH A COPY OF THE POLICY AND BE REQUIRED TO COMPLETE AND SIGN THE ACKNOWLEDGEMENT AND DISCLOSURE AS PROVIDED BY NEW FUTURES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES APPROPRIATE COMPENSATION AFTER CONSIDERING LOCAL AREA WAGE STUDIES, EXPERIENCE AND PRIOR ACCOMPLISHMENTS OF THE EXECUTIVE DIRECTOR POSITION AND ALL KEY EMPLOYEES. MEMBERS OF THE BOARD OF DIRECTORS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.