2015-05-26T12:13:22-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 450550557 THE NETWORK FOR BETTER FUTURES NETW 6124556133 1017 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 THOMAS M ADAMS PRESIDENT & CEO 6124556133 2015-05-13 1 RACHEL FLANDERS P01591790 6123764500 2014 2016-02-25 16:41:14Z BETTER FUTURES MINNESOTA THOMAS M ADAMS 1017 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 3373112 0 X WWW.BETTERFUTURESENTERPRISES.COM X 2007 MN FUEL A MAN'S DESIRE TO TURN HIS LIFE AROUND AND WALK A NEW PATH TOWARD BETTER HEALTH AND SUCCESS. 9 8 106 18 0 0 763024 2624755 602652 738386 767 5313 1381 4658 1367824 3373112 261943 229856 0 0 1753938 1900389 0 0 129478 776927 984345 2792808 3114590 -1424984 258522 1507317 1749480 180233 163874 1327084 1585606 X BETTER FUTURES FUELS A MAN'S DESIRE TO TURN HIS LIFE AROUND AND WALK A NEW PATH TOWARD BETTER HEALTH AND SUCCESS. IT ALSO AIMS TO CHANGE THE COSTLY PRACTICES THAT PRODUCE POOR RESULTS AND PERPETUATE CYCLES OF DEPENDENCY. 0 1 1333278 0 720397 BUSINESS ENTERPRISE: BETTER FUTURES' BUSINESSES CREATE JOBS AND HELP PARTICIPANTS DEVELOP MARKETABLE SKILLS. PARTICIPANTS ARE EMPLOYED IN PROPERTY MAINTENANCE, APPLIANCE RECYCLING, AND BUILDING DECONSTRUCTION. THIS ENTERPRISE GENERATES MULTIPLE BENEFITS: IT PROVIDES EMPLOYMENT, ON-THE-JOB TRAINING, AND INCOME FOR PARTICIPANT WORKERS; IT CONTRIBUTES EARNED INCOME TO THE ORGANIZATION; AND, IT PRODUCES SIGNIFICANT ENVIRONMENTAL BENEFITS FOR THE COMMUNITY. THESE LINES OF BUSINESS EMPLOYED 51 MEN IN 2014 AND GENERATED $720,000 IN EARNED INCOME. 81% OF BETTER FUTURES PARTICIPANTS ARE EMPLOYED AND MOST ARE PAYING CHILD SUPPORT. 1181681 229856 17989 INTEGRATED CARE: BETTER FUTURES EMBRACES MEN LIVING IN CHRONIC POVERTY WITH HISTORIES OF PERSISTENT UNEMPLOYMENT, UNTREATED MENTAL ILLNESS, ADDICTION, INCARCERATION, AND HOMELESSNESS. ITS INTEGRATED CARE MODEL RESPONDS TO PARTICIPANTS' MOST BASIC NEEDS - AFFORDABLE HOUSING AND A JOB. ONCE THESE NEEDS ARE MET, THE IMPACT OF OTHER SERVICES ACCELERATES (HEALTH HOME AND COACHING USING A TRAUMA INFORMED CARE APPROACH). THIS MODEL IS ANCHORED BY MEANINGFUL RELATIONSHIPS AND A VIBRANT COMMUNITY. THE MEN SERVED BY THIS SOCIAL ENTERPRISE ARE NOT IN A PROCESS OF RE-ENTRY; RATHER THEIR LIFE EXPERIENCE IS A PUBLIC HEALTH PROBLEM THAT ORIGINATES IN CORE HURTS AND TRAUMA. HEALING FROM THESE TRAUMAS IS ESSENTIAL BEFORE THEY CAN SUCCEED AS WORKERS, FATHERS, AND COMMUNITY MEMBERS. THE NEW CONVICTION RATE FOR ALL MEN SERVED SINCE 2009 IS 18% COMPARED TO THE STATE AVERAGE RATE OF 35%. 2514959 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 106 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X DEB KIERSTEAD 6124556133 1017 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405 THOMAS ADAMS PRESIDENT & CEO 40.00 X X 82304 0 3231 STEVEN G THOMAS FORMER PRESIDENT AND CEO 40.00 X X 139135 0 6009 LOUIS J KING JR II CHAIR 1.00 X X 0 0 0 GLENN E ANDIS VICE CHAIR 1.00 X X 0 0 0 TOM FULTON SECRETARY 1.00 X X 0 0 0 ART BERMAN TREASURER 1.00 X X 0 0 0 JOHN DINUSSON BOARD MEMBER 1.00 X 0 0 0 GOTHRIEL J LA FLEUR BOARD MEMBER 1.00 X 0 0 0 MUFFIE GABLER BOARD MEMBER 1.00 X 0 0 0 PAUL B KOHLS BOARD MEMBER 1.00 X 0 0 0 DEB KIERSTEAD CFO 40.00 X 97080 0 24419 318519 0 33659 1 0 0 0 0 885375 1739380 2624755 BUSINESS ENTERPRISE 812900 720397 720397 PARTICIPANT RENT 531110 17989 17989 738386 613 613 4700 0 4700 4700 4700 MISCELLANEOUS 900099 4658 4658 4658 3373112 738386 0 9971 229856 229856 352178 144368 155713 52097 1200172 1020630 168529 11013 18513 15162 3351 174461 155940 18521 155065 121450 33615 18130 10570 7560 11635 11635 60052 60052 288698 263988 19873 4837 4706 3222 1484 48733 38125 10453 155 40883 33597 7286 152242 139556 11413 1273 16329 10411 5918 10965 6807 4158 83394 82912 477 5 46958 42350 4562 46 WORK CREW EXPENSES 114784 114784 BAD DEBT EXPENSE 53882 53882 MISCELLANEOUS 25352 19747 5605 UNIFORMS 7602 7602 3114590 2514959 470153 129478 940037 508798 10000 635000 299468 354254 47229 64982 389492 216628 197001 172864 13582 13582 1507317 1749480 177228 163874 1583 0 1422 0 180233 163874 X 1317084 950606 10000 635000 1327084 1585606 1507317 1749480 258522 0 X 0 1 X 1 0 X 1497883 5362926 972019 763024 2624755 11220607 1497883 5362926 972019 763024 2624755 11220607 5165014 6055593 1917 1705 1231 767 613 6233 5655 45 440 1381 4658 12179 11239019 2780869 0.53880 0.61190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 0 0 0 0 0 1 60052 0 0 60052 0 SCHEDULE C, PART II-B, LINE 1G: THE ORGANIZATION RETAINED A LOBBYIST TO SECURE FUNDING FOR THE ENTERPRISE. IN ADDITION, STAFF AND PARTICIPANTS MET WITH LEGISLATORS (AND/OR THEIR STAFF) AND STATE AGENCY EMPLOYEES AND TESTIFIED BEFORE VARIOUS COMMITTEES. STAFF PARTICIPATED ON A VOLUNTARY BASIS OUTSIDE OF THEIR NORMAL JOB ACTIVITIES AND WERE NOT COMPENSATED FOR THEIR TIME. 66280 66280 0 323212 150348 172864 172864 X 3373112 0 3373112 0 3373112 3114590 0 3114590 0 3114590 PART X, LINE 2: THE ORGANIZATION HAS TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUE 290.05. THE ORGANIZATION HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. DURING 2014 THE AGENCY DID NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S TAX RETURNS FOR THE YEARS 2011 THROUGH 2013 ARE OPEN TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 RENT SUBSIDIES 44 55444 N/A N/A TRAINING STIPENDS 60 6170 N/A N/A HOUSING 85 119527 OTHER HOUSING INCENTIVE PAYMENTS 43 14095 N/A N/A MEALS 85 34620 OTHER MEALS PART I, LINE 2: THE ORGANIZATION PROVIDES SPECIFIC ASSISTANCE AND TRACKS THE AMOUNTS PAID FOR PROGRAM PARTICIPANTS. FORM 990, PART III, LINE 3 THE ORGANIZATION DISCONTINUED THE COMMUNITY OUTREACH PROGRAM, DUE TO LACK OF FUNDING. FORM 990 PART IV, LINE 28C: TRANSACTIONS WITH INTERESTED PERSONS NETWORK FOR BETTER FUTURES (NFBF) HAS OPTED TO MAKE THE FOLLOWING DISCLOSURES PERTAINING TO BOARD MEMBER AFFILIATIONS AND TRANSACTIONS WITH OTHER EXEMPT ORGANIZATIONS. THIS DISCLOSURE IS NOT REQUIRED BY THE IRS FOR THE PURPOSES OF FORM 990 NOR SCHEDULE L. LOUIS KING, JR. II - CHAIR NFBF / PRESIDENT & CEO, SUMMIT ACADEMY OIC - RENT $42,299 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. THE ORGANIZATION'S CHIEF FINANCIAL OFFICER WILL COMPLETE A DETAILED REVIEW OF THE FORM 990 PRIOR TO FILING AND WILL DISCUSS ANY CONCERNS WITH THE CEO. FORM 990, PART VI, SECTION B, LINE 12C INDIVIDUALS COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY (DIRECTORS, OFFICERS, AND THEIR FAMILY MEMBERS) MUST SIGN AN ANNUAL DISCLOSURE IDENTIFYING ANY CIRCUMSTANCES THAT COULD LEAD TO A CONFLICT OF INTEREST. TRANSACTIONS INVOLVING A POTENTIAL CONFLICT OF INTEREST MUST BE DISCLOSED TO THE BOARD OF DIRECTORS. SUCH TRANSACTIONS MAY BE APPROVED BY THE BOARD IF THE MATERIAL FACTS AS TO THE TRANSACTION ARE FULLY DISCLOSED. THE CONFLICTED DIRECTOR MAY NOT PARTICIPATE IN THE BOARD'S DISCUSSION OF THE MATTER AND MAY NOT VOTE ON THE TRANSACTION. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE RECORDED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS SET BY THE BOARD AFTER REVIEWING MARKET DATA FOR COMPARABLE POSITIONS. THIS PROCESS WAS LAST CONDUCTED IN 2012 FOR THE PRESIDENT & CEO. SALARY RANGES FOR ALL OTHER POSITIONS WERE REVIEWED AND APPROVED BY THE BOARD IN 2012, INCLUDING THE CFO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.