Jobs For The Future Inc
- Assets
- $45.4m
- Revenue
- $55.6m
- Investments
- $0.0
- Employees
- 207
- Location
- Boston, MA
- Founding
- 06/1986
- Data as of
- 09/2021
- EIN
- 06-1164568
Organization Overview
Jobs For The Future Inc is located in Boston, MA. The organization was established in 1986. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 09/2021, Jobs For The Future Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jobs For The Future Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Jobs For The Future Inc generated $55.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $50.8m during the year ending 09/2021. While expenses have increased by 4.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jobs For The Future Inc has awarded 660 individual grants totaling $70,922,220. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
JFF IS BUILDING A SOCIETY IN WHICH EVERYONE HAS THE SKILLS, RESOURCES, AND CREDENTIALS THEY NEED TO ACHIEVE ECONOMIC ADVANCEMENT TO REACH THIS GOAL, WE DRIVE TRANSFORMATION OF THE AMERICAN WORKFORCE AND EDUCATION SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JFF FOCUSES ON THREE INTER-CONNECTED STRATEGIES FOR IMPACT ON PEOPLE, PLACES, AND SYSTEMS.HELP PEOPLE ADVANCE:WE PARTNER WITH SYSTEMS, ORGANIZATIONS, AND LEADERS TO EQUIP INDIVIDUALS WITH THE KNOWLEDGE, TOOLS, AND EXPERIENCES THEY NEED TO ACHIEVE ECONOMIC ADVANCEMENT. WE EMPHASIZE EQUITY AND PAY PARTICULAR ATTENTION TO PEOPLE AND COMMUNITIES THAT HAVE HISTORICALLY BEEN DENIED OPPORTUNITY. BUILD INCLUSIVE REGIONAL ECONOMIES:WE COORDINATE ACROSS SECTORS TO INCREASE OPPORTUNITY FOR ECONOMIC ADVANCEMENT IN COMMUNITIES, REGIONS, AND STATES AND PRODUCE SUSTAINABLE ECONOMIC GROWTH FOR ALL. WE SUPPORT LEADERS' EFFORTS TO IMPROVE AND CONNECT ECONOMIC AND EDUCATIONAL STRATEGIES, WITH A FOCUS ON EQUITY AND INCLUSION.REDESIGN EDUCATION & WORKFORCE DEVELOPMENT SYSTEMS:WE TRANSFORM EXISTING MODELS AND SYSTEMS AND DESIGN NEW ONES TO DISMANTLE INEQUITIES AND BETTER SERVE THE NEEDS OF ALL WORKERS, LEARNERS, AND BUSINESSES. WE ACCELERATE INNOVATION TO REIMAGINE EDUCATION AND THE FUTURE OF WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Flynn President & CEO | OfficerTrustee | 39 | $559,757 |
Brian D Douglas Chief Operating Officer | Officer | 40 | $405,192 |
Daphne N Layton Senior, Vice President | Officer | 40 | $327,076 |
Micahel L Collins Vice President | Officer | 40 | $269,034 |
Joel H Vargas Vice President | 40 | $263,842 | |
Jennifer Anderson Vice President, People & Culture | 40 | $258,098 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Niit (Usa) Inc Professional Services-project Management | 9/29/21 | $450,000 |
Calco Enterprises Llc Professional Services-project Management | 9/29/21 | $780,671 |
Vermont Hitec Inc Professional Services-apprenticeship Sen | 9/29/21 | $543,520 |
Careerwise Colorado Professional Services-project Management | 9/29/21 | $513,097 |
Packet Boston Llc Rent | 9/29/21 | $975,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,408,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,774,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,182,926 |
| Total Program Service Revenue | $23,070,164 |
| Investment income | $198,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,153 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $146,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,577,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,376,204 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,611,186 |
| Compensation of current officers, directors, key employees. | $401,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,724,379 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,778,121 |
| Payroll taxes | $1,582,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,471 |
| Fees for services: Other | $11,784,737 |
| Advertising and promotion | $0 |
| Office expenses | $7,463 |
| Information technology | $654,489 |
| Royalties | $0 |
| Occupancy | $1,386,855 |
| Travel | $168,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $341,970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,057 |
| Insurance | $0 |
| All other expenses | $447,704 |
| Total functional expenses | $50,840,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,847,615 |
| Savings and temporary cash investments | $12,344,623 |
| Pledges and grants receivable | $7,323,532 |
| Accounts receivable, net | $7,297,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $292,447 |
| Net Land, buildings, and equipment | $351,005 |
| Investments—publicly traded securities | $13,403,522 |
| Investments—other securities | $0 |
| Investments—program-related | $100,264 |
| Intangible assets | $0 |
| Other assets | $440,025 |
| Total assets | $45,400,683 |
| Accounts payable and accrued expenses | $4,975,812 |
| Grants payable | $0 |
| Deferred revenue | $3,320,324 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $556,045 |
| Total liabilities | $8,852,181 |
| Net assets without donor restrictions | $11,427,822 |
| Net assets with donor restrictions | $25,120,680 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,400,683 |
Grants Awarded
Over the last fiscal year, Jobs For The Future Inc has awarded $7,264,703 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $673,103 |
TEXAS EDUCATION AGENCY PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $631,271 |
Arlington, VA PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $269,032 |
Albany, NY PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $192,500 |
San Bernardino, CA PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $150,000 |
Los Angeles, CA PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 39 grants that Jobs For The Future Inc has recieved totaling $16,255,009.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $3,762,500 |
Ascendium Education Solutions Inc Madison, WI PURPOSE: Horizons: Designing Jobs for the Future Identification of a Signature Statewide Initiative in Wisconsin Ready for Pell Scaling the Student Success Center Network Coaching Program | $2,881,684 |
College Futures Foundation Oakland, CA PURPOSE: POLICY PROGRAM GRANT | $1,550,000 |
Fidelity Non-Profit Management Foundation Boston, MA PURPOSE: TECHNOLOGY | $1,100,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO EDUCATE AND INFORM FUNDERS, INNOVATORS, POLICY MAKERS, AND SYSTEM LEADERS SEEKING TO REINVENT SECONDARY AND POSTSECONDARY EDUCATION. | $750,000 |
Massachusetts Higher Education Assistance Corporation Boston, MA PURPOSE: EDUCATION RESEARCH | $650,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Employment Opportunities Inc New York, NY | $41,857,908 | $87,797,672 |
Mdrc New York, NY | $143,919,606 | $93,136,568 |
1199 Seiu League Training And Upgrading Fund New York, NY | $42,542,566 | $63,487,129 |
Jobs For The Future Inc Boston, MA | $45,400,683 | $55,577,164 |
Common Ground Management Corporation New York, NY | $34,376,983 | $41,849,859 |
Consortium For Worker Education Inc New York, NY | $27,138,774 | $23,461,109 |
Youthbuild Usa Inc Roxbury, MA | $41,660,191 | $41,513,584 |
Capital Workforce Partners Inc Hartford, CT | $3,681,949 | $22,085,213 |
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |