2019-05-02T09:50:29-05:00 2018-06-30 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FLOOR EAST STAMFORD CT 06905 990 2017-07-01 462986201 FUTURE 5 INC FUTU 2033588787 135 ATLANTIC STREET STAMFORD CT 06901 JOHN BONORA TREASURER 2033588787 2019-05-02 1 GARRETT M HIGGINS P00543209 2033232400 2019-05-02 65.51.112.58 2019-05-02 09:50:26 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2017 2019-02-21 02:37:17Z CLIFTON MCFEELY 135 ATLANTIC STREET STAMFORD CT 06901 1826891 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. 13 12 12 85 0 2024 744778 1505478 0 0 878 -3760 0 7288 745656 1509006 0 0 0 0 420689 447256 0 14250 139871 280299 450667 700988 912173 44668 596833 784623 1410157 12480 41383 772143 1368774 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 AND ONE-ON-ONE COACHING. FUTURE 5 STUDENTS DEVELOP THE MOTIVATION AND A GAME PLAN FOR ACHIEVEMENT IN SCHOOL AND LIFE. 0 0 231965 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). BY THE END OF 2017-18 THERE WERE 254 MEMBERS. 187623 COLLEGE PREP: A YEAR LONG PROGRAM THAT GUIDES HIGH SCHOOL SENIORS THROUGH THE ENTIRE COLLEGE SEARCH, APPLICATION AND FINANCIAL AID PROCESS. THIS WORKSHOP IS STAFF LED AND FORMALLY MEETS FOR BETWEEN 1-2 HOURS WEEKLY. STUDENTS ARE ALSO ASSIGNED AN INDIVIDUAL COACH WHO GUIDES THEM THROUGH THIS PROCESS ON AN INDIVIDUALIZED BASIS. THROUGHOUT THE PROCESS THE COACH AND STUDENT WORK TOGETHER TO SUBMIT FAFSA AS WELL AS AN ARRAY OF SCHOLARSHIPS TO MAKE COLLEGE AS AFFORDABLE AND ACCESSIBLE AS POSSIBLE. IN APRIL, WHEN ALL ACCEPTANCES AND FINANCIAL PACKAGES ARE AVAILABLE TO STUDENTS, COACHES WORK WITH THE STUDENTS USING OUR COLLEGE COST CALCULATOR TO ASSESS AND MAKE THE MOST INFORMED DECISION POST-SECONDARY DECISION BASED ON ACADEMICS, FIT AND FINANCIAL/DEBT IMPACT. IN 2017-2018, 100% OF OUR SENIORS (55) GRADUATED FROM HIGH SCHOOL. OF THESE 55 SENIORS 100% ALSO COMMITTED TO A TWO OR FOUR YEAR COLLEGE. 96380 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 2017-18, 18 STUDENTS COMPLETED THE REQUIREMENTS FOR JOB PREP AND PARTICIPATED IN SITE VISITS TO THE ASHFORTH COMPANY, XL CATLIN AND NIELSEN CORPORATION. 183572 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. 183572 699540 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 12 1 1 1 0 0 0 0 0 0 0 0 0 X 13 12 1 0 1 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 FRANK LYON VICE CHAIRMAN 1.00 X X 0 0 0 JOHN BONORA TREASURER 1.00 X X 0 0 0 REBECCA BROWN SECRETARY THRU APRIL 2018 2.00 X X 0 0 0 CLIFTON MCFEELY FOUNDER/BOARD MEMBER 40.00 X 42000 0 0 POLLY PERKINS JOHNSON BOARD MEMBER 15.00 X 0 0 0 JAMERE JACKSON BOARD MEMBER 1.00 X 0 0 0 JESSICA LEE BOARD MEMBER 0.50 X 0 0 0 DAVID SCHIRMER BOARD MEMBER 0.50 X 0 0 0 CHRISTOPHER WRIGHT 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 LINDSAY VALK BOARD MEMBER 0.50 X 0 0 0 NANCY BENJAMIN BOARD MEMBER 0.50 X 0 0 0 MICHAEL CHAMBERS BOARD MEMBER THRU JANUARY 2018 0.50 X 0 0 0 KIM DEPRA BOARD MEMBER THRU JUNE 2018 0.50 X 0 0 0 TOM BEUSSE BOARD MEMBER THRU JUNE 2018 0.50 X 0 0 0 ANDY ASHFORTH BOARD MEMBER THRU JUNE 2018 1.00 X 0 0 0 KATHRYN MCMANUS EXECUTIVE DIRECTOR THRU JANUARY 2018 40.00 X 96538 0 0 138538 0 0 0 0 0 0 0 110410 1395068 261628 1505478 2542 2542 264981 271283 -6302 -6302 -6302 53890 110410 46602 7288 7288 1509006 0 0 3528 98846 78636 3496 16714 289607 230395 10243 48969 18570 13742 743 4085 40233 33659 1234 5340 55640 10321 37867 7452 14250 14250 14458 12287 715 1456 9376 1561 7815 25436 18089 3917 3430 32288 25201 1972 5115 76077 66271 8296 1510 3966 1684 1145 1137 7270 4285 2767 218 10609 10190 207 212 7793 6858 156 779 EDUCATIONAL PROGRAM EXP 185747 185747 FUNDRAISING EXPENSES 22007 614 4 21389 912173 699540 72762 139871 355279 487457 271836 274321 144276 441355 1143 2740 20092 199002 13238 852 185764 2562 25 7078 0 784623 1410157 12480 41383 12480 41383 X 687383 1026509 84760 342265 772143 1368774 784623 1410157 596833 -202 0 X X 0 1 X 1 0 X 316284 500080 1128411 744778 1505478 4195031 316284 500080 1128411 744778 1505478 4195031 1191334 3003697 64 59 878 2542 3543 7288 7288 4205862 0.71420 X 138274 4413 133861 60728 8825 51903 185764 X 1555406 -202 46602 46400 1509006 0 1509006 958775 46602 46602 912173 0 912173 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSES TO PART VIII, LINE 8B 46,602. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSES TO PART VIII, LINE 8B 46,602. GOLF OUTING 164300 110410 53890 45545 1057 164300 110410 53890 45545 1057 46602 7288 X 2 261628 AVE. HIGH/LOW METHOD 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 ANDY ASHFORTH AND KIM DEPRA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 DURING FY18, THE ORGANIZATION AMENDED ITS BY-LAWS IN ORDER FOR DIRECTORS TO BE ABLE TO SERVE THREE YEAR TERMS AND BE ELIGIBLE TO SERVE TWO FULL TERMS. 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.