2020-03-13T11:50:21-05:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FLOOR EAST STAMFORD CT 06905 990 2018-07-01 462986201 FUTURE 5 INC FUTU 2033588787 135 ATLANTIC STREET STAMFORD CT 06901 JOHN BONORA TREASURER 2033588787 2020-03-13 1 GARRETT M HIGGINS P00543209 2033232400 2020-03-13 65.51.112.58 2020-03-13 11:50:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2018 2020-09-23 17:36:50Z CLIFTON MCFEELY 135 ATLANTIC STREET STAMFORD CT 06901 1165610 0 X FUTUREFIVE.ORG X 2013 CT FUTURE 5 HELPS MOTIVATED LOW-INCOME STUDENTS IN STAMFORD, CT CONNECT TO THEIR FULL POTENTIAL, LEADING TO FINANCIAL INDEPENDENCE AND PRODUCTIVE CITIZENSHIP. 15 14 10 110 0 0 1505478 897668 0 0 -3760 8001 7288 0 1509006 905669 0 47792 0 0 447256 465430 14250 35750 149124 450667 388278 912173 937250 596833 -31581 1410157 1365271 41383 28078 1368774 1337193 X FUTURE 5 HELPS MOTIVATED, LOW-INCOME HIGH SCHOOL STUDENTS IN STAMFORD CONNECT TO THEIR FULL POTENTIAL.OUR PHILOSOPHY AND COMMUNITY STRENGTHENS A STUDENT'S SELF-ESTEEM THROUGH CHARACTER BULDING WORKSHOPS, JOB PREPARATION PROGRAMS, COLLEGE ACCESS AND PERSISTENCE PROGRAMS. FUTURE 5 STUDENTS DEVELOP THE MOTIVATION AND A GAME PLAN FOR ACHIEVEMENT IN SCHOOL AND LIFE. 0 0 249988 HERE TO THERE: IS THE FUTURE 5 CHARACTER BUILDING PROGRAM THAT IS A REQUIREMENT FOR ALL HIGH SCHOOL STUDENTS TO BE CONSIDERED A FUTURE 5 MEMBER AND BE ELIGIBLE FOR ALL OTHER GENERAL MEMBERSHIP BENEFITS. STUDENTS MEET WEEKLY FOR A 6-WEEK WORKSHOP TO DEFINE AND DISCUSS SHORT AND LONG TERM GOALS AND ADDRESS OBSTACLES ("GREMLINS") THAT STAND IN THE WAY OF REACHING THEM: HOW DO YOU GET FROM "HERE TO "THERE"? WORKING IN SMALL GROUPS, STUDENTS AND COACHES DISCUSS SPECIFIC STEPS STUDENTS CAN TAKE TO NAVIGATE THESE OBSTACLES. ADDITIONAL TOPICS INCLUDE COMMITMENT, SUCCESS, GRIT/RESILIENCE, AND SELF ADVOCACY. IN THE LAST SESSION, STUDENTS MEET WITH AN INDIVIDUAL COACH TO DEVISE A "GAME PLAN" FOR SUCCESS. ALL OTHER MEMBERSHIP PRIVILEGES BECOME AVAILABLE TO STUDENTS UPON GRADUATION FROM THIS WORKSHOP: TUTORING, BRAINWAVE, ENRICHMENT ACTIVITIES, GENERAL MEMBERSHIP SUPPORT AS ACCESSED AND/OR NEEDED (FOOD, STUDENT EMERGENCIES, AMBASSADOR PROGRAM ETC). 199974 47792 COLLEGE PREP: A YEAR ROUND PROGRAM THAT GUIDES HIGH SCHOOL SENIOR AND JUNIORS THROUGH THE ENTIRE COLLEGE SEARCH PROCESS. THIS WORKSHOP IS STAFF LED AND FORMALLY MEETS BETWEEN 1-2 HOURS PER WEEK FOR SENIORS AND 2 HOURS MONTHLY FOR JUNIORS FROM JANUARY THROUGH MAY.ACCOMPLISHMENTS: 100% HIGH SCHOOL GRADUATION# SERVED: 56 SENIORS; 20 JUNIORS266 COLLEGE ACCEPTANCES; 93% OF SENIOR MEMBERS PARTICIPATING IN COLLEGE PREP COMMITTING TO COLLEGEOVER $750,000 GENERATED IN SCHOLARSHIPS 103690 JOB PREP: A WEEKLY WORKSHOP THAT MEETS JANUARY THRU APRIL THAT FOCUSES ON "SOFT SKILLS" (HANDSHAKE, EYE CONTACT, FIRST IMPRESSION), 'ELEVATOR PITCH', CAREER EXPLORATION, MOCK INTERVIEWS, CONFLICT RESOLUTION, RESUME PREPARATION, JOB APPLICATION AND FOLLOW UP PROCEDURES. IN APRIL, JOB PREP STUDENTS ATTEND JOB SHADOWING EVENTS AND SITE VISITS AT LOCAL COMPANIES. COACHING IS PRIMARILY DONE IN SMALL GROUPS WITH 3-4 STUDENTS PER COACH FOR A VARIETY OF ROLE-PLAYING SCENARIOS. STUDENTS WHO COMPLETE JOB PREP ARE GIVEN BUSINESS CARDS, A LETTER OF RECOMMENDATION AND COPIES OF THEIR RESUMES. IN 2018-19, 24 STUDENTS COMPLETED THE REQUIREMENTS FOR JOB PREP AND PARTICIPATED IN SITE VISITS TO THE ASHFORTH COMPANY, INDEED, FACT SET, WILLIS TOWERS WATSON, MARRIOTT AND NIELSEN CORPORATION. 179161 COMMUNITY SERVICE: OUR MEMBERS CONNECT TO THE COMMUNITY, DEVELOP A SENSE OF CIVIC RESPONSIBILITY, AND LEARN THE JOYS OF GIVING TO OTHERS. SOME OF OUR COMMUNITY SERVICE PROJECTS INCLUDED: PROVIDING THE FOOD, AS WELL AS PREPARING AND SERVING DINNER MONTHLY AT THE INSPIRICA WOMEN'S SHELTER; SERVING DINNER AT NEW COVENANT CENTER; PARTICIPATED IN THE MILL RIVER PARK COMPOSTING PROJECT. GAME PLAN: AFTER THE STUDENTS DEVELOP THEIR "GAME PLAN" IN THE HERE TO THERE WORKSHOP, STUDENTS HAVE THE OPTION OF WORKING 1-1 WITH A COACH OR STAFF MEMBER AS THEY WORK TOWARDS OR REDEFINE THEIR GOALS. F5 AT NCC: EVERY YEAR BETWEEN 25 30% OF OUR GRADUATING MEMBERS ENROLL AT NORWALK COMMUNITY COLLEGE. THROUGH A PARTNERSHIP WITH NCC, WE HAVE SUPPORT STAFF ON CAMPUS WORKING WITH OUR MEMBERS ON THEIR GAME PLANS TO MAXIMIZE PERSISTENCE AND ULTIMATELY GRADUATION. 179161 732813 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 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 10 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BARBARA VAHSEN 2033588787 135 ATLANTIC STREET STAMFORD CT 06901 TOM TURRENTINE CHAIRMAN 2.00 X X 0 0 0 LINDSAY VALK VICE CHAIRMAN 0.50 X X 0 0 0 JOHN BONORA TREASURER 2.00 X X 0 0 0 CHRISTOPHER WRIGHT SECRETARY 1.00 X X 0 0 0 CLIFTON MCFEELY FOUNDER/BOARD MEMBER 40.00 X 40000 0 0 POLLY PERKINS JOHNSON BOARD MEMBER 15.00 X 0 0 0 JESSICA LEE BOARD MEMBER 0.50 X 0 0 0 DAVID SCHIRMER BOARD MEMBER 0.50 X 0 0 0 JED SELKOWITZ BOARD MEMBER 0.50 X 0 0 0 JOHN WELCH BOARD MEMBER 0.50 X 0 0 0 NOREEN POULSON BOARD MEMBER 0.50 X 0 0 0 FRANK LYON BOARD MEMBER 0.50 X 0 0 0 NANCY BENJAMIN BOARD MEMBER 0.50 X 0 0 0 BILL BRADLEY BOARD MEMBER 0.50 X 0 0 0 JEFF GROWNEY BOARD MEMBER 0.50 X 0 0 0 JAMERE JACKSON BOARD MEMBER, THRU SEPT. 2018 0.50 X 0 0 0 RACHEL DEWEY EXECUTIVE DIRECTOR 50.00 X 34712 0 0 74712 0 0 0 0 0 0 0 897668 10582 897668 7712 7712 260230 259941 289 289 289 905669 0 0 8001 47792 47792 131212 105663 3990 21559 275405 232690 9014 33701 18760 14209 1003 3548 40053 31815 1369 6869 44793 13849 26333 4611 35750 35750 30485 22688 2731 5066 5570 2166 3404 32583 15124 4257 13202 27067 24207 746 2114 86378 78149 2428 5801 10877 5797 1066 4014 2236 1300 396 540 25246 22951 1266 1029 10529 9242 342 945 EDUCATIONAL PROGRAM EXP 82115 82115 ANNUAL APPEAL 21421 14638 25 6758 REPAIRS AND MAINTENANCE 6955 6886 39 30 MISCELLANEOUS EXPENSES 2023 1532 308 183 937250 732813 55313 149124 487457 42004 274321 981570 441355 136994 1143 607 20092 19375 223205 38484 185764 184721 25 0 1410157 1365271 41383 28078 41383 28078 X 1026509 1152293 342265 184900 1368774 1337193 1410157 1365271 -31581 0 X X 0 1 X 1 0 X 500080 1128411 744778 1505478 897668 4776415 500080 1128411 744778 1505478 897668 4776415 1097377 3679038 64 59 878 2542 7712 11255 7288 7288 4794958 0.76730 0.71420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152543 14180 138363 70662 24304 46358 184721 X 913084 7415 7415 905669 0 905669 944665 7415 7415 937250 0 937250 PART X, LINE 2: FUTURE 5, INC. RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT FUTURE 5, INC. HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. X X X X 1 MARGARET ATCHUE 247 MILL ROAD NEW CANAAN CT 06840 GRANT WRITER 0 168900 14750 154150 DIANE KNETZGER 206 MILL ROAD NEW CANAAN CT 06840 FUNDRAISING COUNSEL 0 20000 20000 0 188900 34750 154150 CT 1 COLLEGE AID & ASSISTANCE 40 47792 PART I, LINE 2: COLLEGE AID IS EITHER SENT DIRECTLY TO THE SCHOOL OR GIVEN TO THE STUDENTS DEPENDING UPON DONOR RESTRICTION. WE HAVE AN APPLICATION THAT THE STUDENTS FILL OUT, A COMMITTEE REVIEWS THE APPLICATIONS, AND RECIPIENTS ARE SELECTED BASED ON THE CRITERIA OF THAT DONOR. FORM 990, PART VI, SECTION B, LINE 11B FUTURE 5, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST ON THE PART OF ANY MEMBER OF THE BOARD OF DIRECTORS SHALL BE REPORTED TO THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE OF THE BOARD AND RECORDED IN THE MINUTES OF THE MEETING AT WHICH SUCH REPORT IS MADE. A CONFLICT OR POTENTIAL CONFLICT OF INTEREST WILL BE CONSIDERED TO EXIST IN THE CASE OF ANY RELATIONSHIP, INTEREST OR SITUATION WHICH MIGHT INDICATE A DUALITY OF LOYALTY OR INTEREST. AN EXAMPLE IS WHERE A MEMBER OF THE BOARD OR A DEPENDENT FAMILY MEMBER HAS A MATERIAL INTEREST IN ANY CONTRACT OR TRANSACTION WITH FUTURE 5, EITHER DIRECTLY OR THROUGH A CORPORATION, PARTNERSHIP OR OTHER ORGANIZATION OF WHICH SUCH PERSON OR FAMILY MEMBER IS A DIRECTOR OR HAS A FINANCIAL INTEREST. A MEMBER OF THE BOARD SHALL NOT BE DEEMED TO HAVE A CONFLICTING INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION BETWEEN FUTURE 5 AND THE EMPLOYER OF SUCH A MEMBER - SUCH AS MAY ARISE IN CONNECTION WITH THE MANAGEMENT OF INVESTMENT FUNDS OF FUTURE 5 BY SECURITIES FIRMS - WHERE THE CONTRACT OR TRANSACTION IS ROUTINE AND NOT MATERIAL TO SUCH EMPLOYER FROM A FINANCIAL POINT OF VIEW. UPON ADOPTION OF THIS POLICY BY THE BOARD, AND ANNUALLY THEREAFTER, EACH MEMBER OF THE BOARD SHALL FILE WITH THE SECRETARY OF THE BOARD A DISCLOSURE STATEMENT REGARDING EXISTING AND POTENTIAL CONFLICTS OF INTEREST. A DISCLOSURE STATEMENT SHALL BE FILED BY FUTURE MEMBERS OF THE BOARD AT THE TIME OF THEIR ELECTION AND ANNUALLY THEREAFTER. ANY MEMBER OF THE BOARD HAVING A CONFLICT OF INTEREST IN CONNECTION WITH ANY MATTER BEFORE THE BOARD SHALL SO INDICATE AT THE TIME AND SHALL NOT TAKE PART IN ANY VOTE WITH RESPECT TO SUCH MATTER. THE MINUTES OF THE MEETING SHALL REFLECT ANY SUCH DISCLOSURE AND ABSTENTION FROM VOTING. IF CONFIDENTIAL INFORMATION WILL BE PRESENTED TO, OR DISCUSSED BY, THE MEMBER OF THE BOARD WITH THE CONFLICT, HE OR SHE WILL BE EXPECTED TO EXCUSE HIMSELF/HERSELF DURING THAT PORTION OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD CHAIR, WHO CONSULTS WITH THE EXECUTIVE COMMITTEE ON THE EXECUTIVE DIRECTOR'S PERFORMANCE. THE EXECUTIVE COMMITTEE ALSO MONITORS BEST PRACTICES OF NOT-FOR-PROFITS OF SIMILAR SIZE AND MISSION IN THE REGION TO INSURE COMPARABLE LEVELS OF COMPENSATION. THIS PROCESS IS PERFORMED ANNUALLY BY JUNE 30 AND BOARD APPROVAL FOR THE ENTIRE BUDGET, INCLUDING THE EXECUTIVE DIRECTOR'S COMPENSATION, IS RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL PROVIDE THE GENERAL PUBLIC WITH A COPY OF ITS GOVERNING DOCUMENTS, FORM 990, FORM 1023 AND FINANCIAL STATEMENTS. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S GOVERNING BODY HAS THE RESPONSIBILITY OF OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE INCEPTION YEAR.