Totals
- Total revenue
- $3,639,604
- Total expenses
- $4,302,593
- Contributions and grants received
- $1,978,556
- Grants paid
- $167,664
- Program service revenue
- $1,634,682
- Investment income
- $0
- Other revenue
- $26,366
- Total assets, end of year
- $1,199,026
- Total liabilities, end of year
- $2,029,462
- Net assets or fund balances, end of year
- -$830,436
- Program services expenses (Part IX)
- $3,243,536
- Management and general expenses
- $944,293
- Fundraising expenses
- $114,764
- Program service expenses (Part III)
- $3,243,536
Program services were 75.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$25
-
1e · Government grants (contributions)
$1,269,936
-
1f · All other contributions, gifts and grants
$708,595
-
2a · Program service revenue: BUSINESS ENTERPRISE
total $1,634,682 · related or exempt $1,634,682
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $26,366 · related or exempt $26,366
-
11e · Other revenue, total
$26,366
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $167,664 · program services $167,664
-
5 · Compensation of officers, directors and key employees
total $251,784 · program services $193,020 · management and general $45,500 · fundraising $13,264
-
7 · Other salaries and wages
total $1,551,794 · program services $1,188,747 · management and general $280,219 · fundraising $82,828
-
9 · Other employee benefits
total $261,375 · program services $240,185 · management and general $21,177 · fundraising $13
-
10 · Payroll taxes
total $198,133 · program services $159,323 · management and general $29,291 · fundraising $9,519
-
11b · Fees: legal
total $2,105 · program services $1,042 · management and general $1,033 · fundraising $30
-
11c · Fees: accounting
total $169,160 · program services $83,698 · management and general $83,019 · fundraising $2,443
-
11g · Fees: other
total $454,152 · program services $224,708 · management and general $222,885 · fundraising $6,559
-
12 · Advertising and promotion
total $29,430 · program services $12,475 · management and general $16,955
-
13 · Office expenses
total $9,552 · program services $2,028 · management and general $7,524
-
14 · Information technology
total $24,171 · program services $19,579 · management and general $4,592
-
16 · Occupancy
total $206,340 · program services $182,066 · management and general $24,274
-
17 · Travel
total $17,286 · program services $14,835 · management and general $2,451
-
20 · Interest
total $55,963 · management and general $55,963
-
22 · Depreciation, depletion and amortization
total $76,163 · program services $65,339 · management and general $10,824
-
23 · Insurance
total $111,773 · program services $2,923 · management and general $108,850
-
24a · Other expenses: EMPLOYMENT ASSISTANCE
total $381,345 · program services $376,333 · management and general $5,012 · fundraising $0
-
24b · Other expenses: MISCELLANEOUS
total $161,854 · program services $143,815 · management and general $17,931 · fundraising $108
-
24c · Other expenses: MAINTENANCE & REPAIRS
total $106,048 · program services $106,048
-
24d · Other expenses: COMMUNITY MEALS, SUPPLI
total $72,076 · program services $65,283 · management and general $6,793
-
24e · All other expenses
total -$5,575 · program services -$5,575
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $477,923 · end of year $112,924
-
3 · Pledges and grants receivable
beginning of year $247,745 · end of year $219,109
-
4 · Accounts receivable
beginning of year $265,998 · end of year $117,528
-
8 · Inventories for sale or use
beginning of year $72,593 · end of year $93,512
-
9 · Prepaid expenses and deferred charges
beginning of year $37,553 · end of year $32,728
-
10a · Land, buildings and equipment: cost or other basis
$454,190
-
10b · Land, buildings and equipment: accumulated depreciation
$297,310
-
10c · Land, buildings and equipment, net
beginning of year $217,192 · end of year $156,880
-
15 · Other assets
beginning of year $13,482 · end of year $466,345
-
17 · Accounts payable and accrued expenses
beginning of year $381,194 · end of year $445,197
-
19 · Deferred revenue
beginning of year $14,834 · end of year $20,139
-
23 · Secured mortgages and notes payable
beginning of year $1,103,905 · end of year $1,091,959
-
25 · Other liabilities
beginning of year $0 · end of year $472,167
-
27 · Net assets without donor restrictions
beginning of year -$501,068 · end of year -$960,736
-
28 · Net assets with donor restrictions
beginning of year $333,621 · end of year $130,300
Mission and programs · 2022
Mission
BETTER FUTURES FUELS A MAN'S DESIRE TO TURN HIS LIFE AROUND AND WALK A NEW PATH TOWARD BETTER HEALTH AND SUCCESS. IT ALSO AIMS TO CHANGE THE COSTLY PRACTICES THAT PRODUCE POOR RESULTS AND PERPETUATE CYCLES OF DEPENDENCY.
-
OUR INTEGRATED CARE TEAM (ICT) UNDERSTANDS REINTEGRATION IS ESSENTIAL FOR PARTICIPANT SUCCESS. WE STRIVE TO BUILD HEALTHY COMMUNITIES BY WALKING ALONGSIDE PARTICIPANTS TO HELP IMPROVE HEALTH AND WELLNESS, EMOTIONAL INTELLIGENCE, AND COMMUNITY/FAMILY REUNIFICATION. OUR MENTORSHIP AND COACHING MODEL IS CENTERED AROUND A PARTICIPANT'S INDIVIDUALIZE PROSPERITY PLAN. IN 2022 OUR RECIDIVISM RATE WAS 8% FOR PARTICIPANTS WHO COMPLETED AT LEAST A YEAR IN THE MODEL. SINCE ITS FOUNDING IN 2007, BETTER FUTURES MN (BFM) HAS SERVED OVER 1,300 MEN OF DIVERSE BACKGROUNDS WITH UNIQUE CHALLENGES AND NEEDS. THE POPULATION WE SERVE IS OFTEN OVERLOOKED AND DISCRIMINATED AGAINST DUE TO THE STIGMA OF HAVING A CRIMINAL RECORD. WE EMBRACE THESE MEN AND HELP THEM FIND A BETTER PATH FORWARD. ADDRESSING SYSTEMIC POVERTY AND STRUCTURAL RACISM AND PROMOTING DIVERSITY, EQUITY, AND INCLUSION IS WOVEN INTO EVERY ASPECT OF OUR ORGANIZATIONBY PROVIDING ACCESS TO TRAINING, ON THE JOB TRAINING AND EMPLOYMENT, PHYSICAL AND BEHAVIORAL HEALTH CARE, AND A VIBRANT, SUPPORTIVE COMMUNITY FOR AT-RISK BLACK MEN, BFM HOPES TO PRODUCE BENEFICIAL LONG-TERM OUTCOMES NOT ONLY FOR THE MEN, BUT FOR THEIR FAMILIES AND COMMUNITIES AS WELL. THE SOCIAL ENTERPRISE DIVISION OF BFM LEADS ALL TRAININGS, CERTIFICATION, ON-THE JOB-TRAINING AND EMPLOYMENT FOR THE MEN WE SERVE. BFM IS VERY INTENTIONAL ABOUT CELEBRATING GROWTH AS MEN ACHIEVE GOALS, COMPLETE CERTIFICATIONS, AND TRAININGS, AND DEMONSTRATE CONSISTENCY AND DEDICATION AT WORK. THE MEN ALSO ENGAGE IN COMMUNITY MEETINGS TWICE A WEEK, WHERE THEY BOND WITH OTHER MEN, DISCUSS ISSUES THEY MIGHT BE FACING AND LEARN FROM GUEST SPEAKERS WHO HELP FACILITATE GROWTH, HEALING, AND SUPPORT. SINCE ITS FOUNDING IN 2007, BETTER FUTURES MN (BFM) HAS SERVED OVER 1,300 MEN OF DIVERSE BACKGROUNDS WITH UNIQUE CHALLENGES AND NEEDS. THE POPULATION WE SERVE IS OFTEN OVERLOOKED AND DISCRIMINATED AGAINST DUE TO THE STIGMA OF HAVING A CRIMINAL RECORD. WE EMBRACE THESE MEN AND HELP THEM FIND A BETTER PATH FORWARD. ADDRESSING SYSTEMIC POVERTY AND STRUCTURAL RACISM AND PROMOTING DIVERSITY, EQUITY, AND INCLUSION IS WOVEN INTO EVERY ASPECT OF OUR ORGANIZATIONBY PROVIDING ACCESS TO TRAINING, ON THE JOB TRAINING AND EMPLOYMENT, PHYSICAL AND BEHAVIORAL HEALTH CARE, AND A VIBRANT, SUPPORTIVE COMMUNITY FOR AT-RISK BLACK MEN, BFM HOPES TO PRODUCE BENEFICIAL LONG-TERM OUTCOMES NOT ONLY FOR THE MEN, BUT FOR THEIR FAMILIES AND COMMUNITIES AS WELL. THE SOCIAL ENTERPRISE DIVISION OF BFM LEADS ALL TRAININGS, CERTIFICATION, ON-THE JOB-TRAINING AND EMPLOYMENT FOR THE MEN WE SERVE. BFM IS VERY INTENTIONAL ABOUT CELEBRATING GROWTH AS MEN ACHIEVE GOALS, COMPLETE CERTIFICATIONS, AND TRAININGS, AND DEMONSTRATE CONSISTENCY AND DEDICATION AT WORK. THE MEN ALSO ENGAGE IN COMMUNITY MEETINGS TWICE A WEEK, WHERE THEY BOND WITH OTHER MEN, DISCUSS ISSUES THEY MIGHT BE FACING AND LEARN FROM GUEST SPEAKERS WHO HELP FACILITATE GROWTH, HEALING, AND SUPPORT." OUR INTEGRATED CARE TEAM (ICT) UNDERSTANDS REINTEGRATION IS ESSENTIAL FOR PARTICIPANT SUCCESS. WE STRIVE TO BUILD HEALTHY COMMUNITIES BY WALKING ALONGSIDE PARTICIPANTS TO HELP IMPROVE HEALTH AND WELLNESS, EMOTIONAL INTELLIGENCE, AND COMMUNITY/FAMILY REUNIFICATION. OUR MENTORSHIP AND COACHING MODEL IS CENTERED AROUND A PARTICIPANT'S INDIVIDUALIZE PROSPERITY PLAN. IN 2022 OUR RECIDIVISM RATE WAS 8% FOR PARTICIPANTS WHO COMPLETED AT LEAST A YEAR IN THE MODEL.
Expenses $3,243,536 · Grants $167,664 · Revenue $1,634,682
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Charles BradleyCHARLES BRADLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tiernee MurphyTIERNEE MURPHY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
J Alex FrankJ ALEX FRANK
CHAIR
- Total calculated
- $127,548
- From this org
- $127,548
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jeannine PattersonJEANNINE PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff EttingerJEFF ETTINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark BormanMARK BORMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Pj HubbardPJ HUBBARD
PRESIDENT & CEO
- Total calculated
- $124,422
- From this org
- $120,923
- From related orgs
- $0
- Other
- $3,499
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
PRIME ENTERPRISE LLC
WORK PROJECTS · MN · income $0 · assets $13,915
Directly controlled by NETWORK FOR BETTER FUTURES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332639349301303
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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