Future 5 INC FY2022 filing

Tax-deductible

Stamford, CT501(c)(3)Since 2013Youth DevelopmentEIN 46-2986201Revenue $1.9M in FY2022

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.
85¢ of each $1 spent went to programs.
$36K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: 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-T
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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.4 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
$40K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+14% vs prior year
Spent
$1.6M
To programs
85%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$1.9M
FY2022▲ +14%
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
$1.6M
FY2022▲ +32%
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
$2.5M
FY2022▲ +15%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

85 cents of each dollar spent went to programs.

Program services 85% · $1.3M Management & general 5% · $84K Fundraising 9% · $144K

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

16 people listed on the 990-T; $36K paid to officers and key staff.

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 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.

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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 · $1.2M · in their 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

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 FY2022 990-T, line by line.

1The main four
Money in
$1.9M
Gifts and grants$1.9M
Investment income$4K
Money out
$1.6M
Programs$1.3M
Management$84K
Fundraising$144K
Owns and owes
$2.5M
net assets
Cash and savings$2.1M
Total assets$2.6M
Liabilities$40K
People
16
listed
Paid1
Voting board16
Independent15
2In more detail
Revenue in detail
Gifts and grants$1.9M
Investment income$4K
Total revenue$1.9M
Assets in detailEnd of year
Cash and savings together$2.1M
Total assets$2.6M
Liabilities$40K
Net assets$2.5M
Operations
Employees29
Volunteers125
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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