Future 5 INC

Tax-deductible

Stamford, CT501(c)(3)Since 2013Youth DevelopmentEIN 46-2986201Revenue $2.7M in FY2025

On file with the IRSfuturefive.org4 Landmark Sq, 06901-2502 · Stamford, CTTax-exempt since Jun 2014Publicly supported — 509(a)(2)

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Future 5 connects motivated, under-resourced students in stamford to the people and resources they need to achieve their educational, career and life goals.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 125 volunteers and 29 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $209K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$170K
to officers and key staff · 7% of spending
Top officer’s pay higher than 67% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
44
named funders · $1.2M
Looks good: 44 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+40% vs prior year
Spent
$2.4M
To programs
80%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.7M
FY2022$1.9M
FY2023$1.8M
FY2024$2.0M
FY2025$2.7M
Expenses
$2.4M
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.2M
FY2022$1.6M
FY2023$2.0M
FY2024$2.1M
FY2025$2.4M
Net assets
$2.6M
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.2M
FY2022$2.5M
FY2023$2.3M
FY2024$2.2M
FY2025$2.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.9M Management & general 6% · $134K Fundraising 15% · $347K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $170K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Exec Director
$150,999Pt VII · Sec A
Founder/Board Member
$19,173Pt VII · Sec A
Board/Treasurer (effective 1/1/25)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Amanda Dubois-Mwake’s $151K as Exec Director is at the 67th percentile of top reported officer pay among 1552 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Amanda Dubois-Mwake$150,999$145,500$124,908———
Rachel Dewey—————$104,000
Clifton McFeely$19,173$36,000$36,000$36,000$39,000$40,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Future 5 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects motivated students with people and resources for educational, career, and life success.

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Provided by the organization

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3 programs · $1.7M · in their own filed words · FY2024
01

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…

$755Kprogram expense
02

College Success

Future 5's college success program ensures our students thrive during their college journey by connecting them to the people and resources they need to ensure college progression and secure a pathway to reach their early career goals.

$587Kprogram expense
03

College Prep

A year-round program that guides high school seniors and juniors through the entire college search process. These workshops are staff led and formally meets between 1-2 HOURS/WEEK for seniors and 2 hours monthly for juniors from january through may with volunteer SUPPORT.ACCOMPLISHMENTS: 1) 100% high school GRADUATION2) 138 high school…

$324Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 44 funders →
Grants paid · 7 grants · $1.1M · 2019–2024
Unitemized GrantFY2024$256,977
Unitemized GrantFY2023$202,848
Unitemized GrantFY2022$185,927
Unitemized GrantFY2021$168,331
Unitemized GrantFY2020$105,643
Unitemized GrantFY2020$105,643
Unitemized GrantFY2019$52,616

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$82K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.9M
Managementcol C$134K
Fundraisingcol D$347K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$4.2M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$25K
Noncash giftsLn 1g$392K
Fundraising eventsLn 1c$513K
Investment incomeLn 3$82K
Gains on assetsLn 7$3K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$208K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$77K
Other assetsLn 15$1.5M
Total assetsLn 16$4.2M
LiabilitiesLn 26$1.6M
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 529
VolunteersI 6125
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.0M$1.3M
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$162K$77K
Total assetsLn 16$2.3M$4.2M
LiabilitiesLn 26$56K$1.6M
Net assetsLn 32$2.2M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$257K$257K
Pay of current officers, directors and key staffLn 5$166K$124K$8K$33K
Other salaries and wagesLn 7$1.1M$839K$67K$195K
Other employee benefitsLn 9$134K$98K$7K$29K
Payroll taxesLn 10$102K$78K$5K$19K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$11K$7K$4K$336
Advertising and promotionLn 12$8K$1K$813$6K
Office expensesLn 13$32K$12K$2K$19K
Information technologyLn 14$40K$29K$3K$8K
OccupancyLn 16$186K$160K$7K$19K
TravelLn 17$2K$2K$196$213
Conferences, conventions and meetingsLn 19$12K$7K$2K$3K
Depreciation, depletion and amortizationLn 22$128K$110K$8K$11K
InsuranceLn 23$14K$12K$502$2K
Other expenses (24a–d)Ln 24$181K$171K$8K$3K
Total functional expensesLn 25$2.4M$1.9M$134K$347K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.7M$2.4M$359K$2.6M 990 PDF
FY2024 $2.0M$2.1M−$111K$2.2M 990 PDF
FY2023 $1.8M$2.0M−$185K$2.3M 990 PDF
FY2022 $1.9M$1.6M$328K$2.5M 990 PDF
FY2021 $1.7M$1.2M$478K$2.2M 990 PDF
FY2020 $1.4M$1.0M$385K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,746,693 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,961,924$2,740,405
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $79,347$82,120
I-11 Other revenuePrior year −$80,707−$75,832
I-12 Total revenuePrior year $1,960,564$2,746,693
I-13 Grants and similar amounts paidPrior year $202,848$256,977
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,342,239$1,502,888
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $526,326$628,052
I-18 Total expensesPrior year $2,071,413$2,387,917
I-19 Revenue less expensesPrior year −$110,849$358,776
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,746,693 across 9 lines filed
VIII-1c Fundraising events$512,575
VIII-1e Government grants$25,000
VIII-1f All other contributions, gifts and grants$2,202,830
VIII-1g Noncash contributions (included above)$392,255
VIII-1h Total contributions, gifts and grants$2,740,405
VIII-3 Investment incomeExcluded from tax $78,828$78,828
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,292$3,292
VIII-8 Net income from fundraising eventsExcluded from tax −$75,832−$75,832
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,288$2,746,693
Part IX · Statement of functional expenses $2,387,917 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $256,977$256,977
IX-5 Pay of current officers, directors and key staffPrograms $124,423 · Management $8,250 · Fundraising $33,000$165,673
IX-7 Other salaries and wagesPrograms $839,429 · Management $66,725 · Fundraising $195,134$1,101,288
IX-9 Other employee benefitsPrograms $97,840 · Management $7,310 · Fundraising $28,881$134,031
IX-10 Payroll taxesPrograms $77,909 · Management $5,483 · Fundraising $18,504$101,896
IX-11c Accounting feesManagement $10,996$10,996
IX-11g Other fees for servicesPrograms $6,972 · Management $4,133 · Fundraising $336$11,441
IX-12 Advertising and promotionPrograms $1,408 · Management $813 · Fundraising $6,192$8,413
IX-13 Office expensesPrograms $11,635 · Management $1,686 · Fundraising $19,038$32,359
IX-14 Information technologyPrograms $29,067 · Management $3,009 · Fundraising $7,502$39,578
IX-16 OccupancyPrograms $160,078 · Management $7,073 · Fundraising $19,274$186,425
IX-17 TravelPrograms $1,936 · Management $196 · Fundraising $213$2,345
IX-19 Conferences, conventions and meetingsPrograms $6,592 · Management $2,279 · Fundraising $3,363$12,234
IX-22 Depreciation, depletion and amortizationPrograms $109,983 · Management $7,701 · Fundraising $10,744$128,428
IX-23 InsurancePrograms $12,132 · Management $502 · Fundraising $1,735$14,369
IX-24 Other expenses (24a–d)Programs $170,678 · Management $7,835 · Fundraising $2,951$181,464
IX-25 Total functional expensesPrograms $1,907,059 · Management $133,991 · Fundraising $346,867$2,387,917
Part X · Balance sheet $4,204,623 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $258,845$207,511
X-2 Savings and temporary cash investmentsStart of year $1,787,642$1,130,003
X-3 Pledges and grants receivableStart of year $27,290$224,649
X-4 Accounts receivableStart of year $629$1,505
X-9 Prepaid expenses and deferred chargesStart of year $36,514$46,307
X-10c Land, buildings and equipment, netStart of year $162,250$76,510
X-11 Publicly traded securities$1,010,638
X-15 Other assetsStart of year $14,844$1,507,500
X-16 Total assetsStart of year $2,288,014$4,204,623
X-17 Accounts payable and accrued expensesStart of year $39,558$36,465
X-19 Deferred revenueStart of year $16,530$17,500
X-25 Other liabilitiesStart of year $0$1,559,956
X-26 Total liabilitiesStart of year $56,088$1,613,921
X-27 Net assets without donor restrictionsStart of year $1,984,529$2,029,737
X-28 Net assets with donor restrictionsStart of year $247,397$560,965
X-32 Total net assets or fund balancesStart of year $2,231,926$2,590,702
X-33 Total liabilities and net assetsStart of year $2,288,014$4,204,623
Part XI · Reconciliation of net assets $2,590,702 net assets at year end
XI-1 Total revenue$2,746,693
XI-2 Total expenses$2,387,917
XI-3 Revenue less expenses$358,776
XI-4 Net assets at start of year$2,231,926
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,590,702

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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