Future 5 INC EIN 46-2986201

Future 5 INC FY2022 filing

EIN  46-2986201 Public charity (501(c)(3)) Stamford, CT Founded 2013
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Verified accurate 8/31/26 · see original filing: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Future 5 INC claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Connects motivated students with people and resources for educational, career, and life success.
Leadership
Clifton McFeely · Founder/Board Member · $36K
Money in and out
$1.9M revenue, $1.6M expenses

Connects motivated students with people and resources for educational, career, and life success. For fiscal year 2022 it reported $1.9M in revenue, $1.6M in expenses, and $2.5M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$2.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $328K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.05 Fundraising $0.09

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$1.9M
FY2022▲ +14%
Expenses
$1.6M
FY2022▲ +32%
Total assets
$2.6M
FY2022▲ +15%
Total liabilities
$40K
FY2022▲ +26%
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$2.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$328K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2021.
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…

$481Kprogram 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.

$442Kprogram expense
03

College Prep

A year round program that guides high school seniors 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 with volunteer SUPPORT.ACCOMPLISHMENTS: 1) 100% high school GRADUATION2) # served: 92…

$290Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFuture 5 INC
EINHdr · item D46-2986201
Principal addressHdr · item CStamford, CT
WebsiteHdr · item Jwww.futurefive.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Founder/Board Member
$36,000Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 1547 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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 →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants101%$1.9M
Investment income$4K
Total revenueLn 12$1.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.05 Fundraising $0.09
Program services85%$1.3M
Management & general5%$84K
Fundraising9%$144K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$2.1M
Total assetsLn 16$2.6M
Total liabilitiesLn 26$40K
Total net assetsLn 32$2.5M
Months of cash on handcomputed16.4

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

Similar Organizations

Closest in mission — by what they do
See all organizations like Future 5 INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$2.0M revenue · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$1.9M revenue · viewing · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.