Educational Institutions

New Futures

  • Washington, DC
  • newfuturesdc.org

Mission Statement

New Futures provides scholarships and support to low income youth and young adults seeking financial self-sufficiency through post-secondary education.

Main Programs

  1. New Futures
Service Areas

Self-reported

District of Columbia

Washington, DC, including surrounding areas of Maryland and Virginia.

ruling year

1999

Principal Officer since 1999

Self-reported

Mr. Michael Gould

Keywords

Self-reported

scholarships, post-secondary education, at-risk youth, vocational training, low income

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Also Known As

New Futures

EIN

52-2180378

 Number

0066893899

Contact

Cause Area (NTEE Code)

Scholarships, Student Financial Aid, Awards (B82)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

New Futures' program fills a critical unmet need in the community:
assisting young people, who would not otherwise have the opportunity, gain access to post-secondary education and lift themselves and their families out of poverty. We partner with fourteen highly-respected community-based organizations who nominate students to our program, and support and mentor those students chosen throughout their post-secondary career. We provide financial assistance for vocational programs, which are rarely supported by other types of financial aid, as well as for 2-year and 4-year college degrees.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

New Futures

Our major program involves the provision of financial aid and mentoring support to low-income youth so they can complete a post-secondary program. Students are nominated by our partnering community-based organizations based on financial need, individual character and commitment, performance in completing high school or a GED, and the soundness of their educational and financial plan. Students are supported in all types of post-secondary programs, including vocational certification programs, 2-year college, and 4-year college.  Since our first scholarships were awarded in 2001, we have granted 177 scholarships totaling almost $1.6 million dollars. Support for our scholars is also provided in terms of career guidance, workshops, and mentoring.

Category

Education

Population(s) Served

Poor/Economically Disadvantaged, Indigent, General

Budget

$284,000.00

Service Areas

Self-reported

District of Columbia

Washington, DC, including surrounding areas of Maryland and Virginia.

Funding Needs

Donations of all sizes are greatly appreciated, from foundations, corporations, or individuals.  Even a small amount can make a significant difference in the life of a young person, with little or no money of their own, who is trying to improve their life through education.  $100 could help fund books for a college student; $1,500 could fully fund a semester at a local community college or a computer certification. 

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External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

NEW FUTURES
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

New Futures

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2012
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
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Principal Officer

Mr. Michael Gould

BIO

Michael Gould, a former World Bank executive, Chair of the DC Commission on Educational Licensing, and founder of the Adams Morgan Community Camp and After-School Program, is the original founder and has served as president since New Futures' inception. Funded from the estate of his brother, Allen Gould, the original intention was to fund post-secondary education for low-income youth until the capital was depleted. As the organization neared the point where most of the original capital was committed, the community-based organizations urged New Futures to continue, since it was a program like no other. Mr. Gould transitioned the organization into a public charity, expanded the board, and began to build a staff, and the organization now raises enough funds each year to sustain its mission.

STATEMENT FROM THE Principal Officer

"New Futures is unique among scholarship organizations because it helps those students others may pass by... those with GEDs instead of high school diplomas, those with grades not in the top tiers, those who have been out of school for a few years, those who need to attend part-time or for more than 4-5 years, those who may not be US citizens, or those with other challenges in their backgrounds.  We are often the only chance out of poverty for these at-risk youth, who have so much to give with their determination and commitment to succeed and often a desire to give back to the community which helped them."

Governance

BOARD CHAIR

Mr. Michael Gould

Retired - World Bank

Term: 1999 -

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization


RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?