PLATINUM2024

Futures and Options, Inc.

The Futures is in Your Hands

aka Futures and Options   |   New York, NY   |  www.futuresandoptions.org

Mission

Futures and Options empowers New York City’s youth, particularly youth of color and students from historically underrepresented communities, to acquire transferable professional skills, pursue higher education, and successfully compete in a global 21st century economy. We collaborate with New York City employers to provide transformative career development opportunities to young people, enabling them to succeed in college and inspiring them to pursue meaningful careers.

Ruling year info

2000

Executive Director

Ms. Carolyn Silver

Main address

111 Broadway Suite 1602

New York, NY 10006 USA

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EIN

13-4063658

NTEE code info

Employment Training (J22)

Youth Development Programs (O50)

Secondary/High School (B25)

IRS filing requirement

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

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Career exploration and early work experience offer life-changing benefits for young people. Youth who participate in career development activities have broader knowledge of career options and a better understanding of the relationship between post-secondary education and employment (Center for American Progress, 2020). However, while all youth have a lot to gain from early work experience, young people from disadvantaged backgrounds are under-represented in career development programs (OECD, 2020). Futures and Options addresses the opportunity gaps these young people face in accessing and acclimating to the world of work. Our programs motivate young people to establish career goals and consequently invest time and energy in their education in order to achieve those goals. Our business partners value the opportunity to mentor young people while also filling hiring needs, and our network of school partners grows each year.

Our programs

SOURCE: Self-reported by organization

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

The Internship Program

The Internship Program combines experiential, on-the-job learning with trainings and individual career counseling, offering students paid work experience and the foundation of a professional network. Students acquire transferrable work-readiness skills and hands-on work experience, and gain entry to a diverse range of small businesses, nonprofits, government agencies, and multinational corporations.

Population(s) Served
Adolescents
Students
Low-income people

Career Essentials provides a comprehensive series of workshops and career exploration events designed to introduce students to a range of career paths and prepare them for success in their first jobs. Students have the opportunity to practice and improve their interpersonal, communication, and other relevant work-related skills, such as time-management, interviewing and resume writing.

Population(s) Served
Adolescents
Students
Low-income people

College Guidance Initiative prepares high school students for the college application and selection process, including applying for financial aid and evaluating aid packages. Group workshops and individualized assistance enables us to reach a wide range of college-bound students.

Population(s) Served
Adolescents
Students
Low-income people

On the Road brings Futures and Options’ expertise and experience directly into schools and nonprofit organizations, connecting our curricula and programming to youth and youth professionals across New York City.

Population(s) Served
Teachers

The Externship Experience is a remote 16-hour intensive career exploration and skill-building program designed in collaboration with employer partners, focused on growing industries.

Population(s) Served

Alumni Engagement bridges the gap between high school and college, and helps students apply the executive skills they developed in our programs to their post-secondary pathways. We provide continued work-readiness, career exploration, mentorship and networking opportunities to program alumni as they navigate their way through post-secondary and plan for future careers.

Population(s) Served
Adolescents
Students
Adolescents
Students
Low-income people
Adolescents
Students
Low-income people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of students enrolled

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adolescents, Multiracial people, People of African descent, People of Latin American descent, Low-income people

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of clients placed in internships

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adolescents, Multiracial people, People of African descent, People of Latin American descent, Low-income people

Related Program

The Internship Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The Covid-19 pandemic significantly reduced the number of students served through our Internship Program.

Number of employer partners offering jobs to clients

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adolescents, People of African descent, People of Latin American descent, Multiracial people, Low-income people

Related Program

The Internship Program

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

The Covid-19 pandemic significantly reduced the number of employer partners who could hire interns.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

In FY 2022, Futures and Options will serve more than 1,500 youth through our programming. Our goals include:
1. Provide work-readiness training and career exploration workshops to 280 New York City youth through Career Essentials.
2. Supervise 300 students in internships hosted by employer partners across New York City.
3. Increase the number of employer partners who hire interns to 110 and engage 40 businesses to host career exploration field trips at their work spaces.
4. Collaborate with employer partners to engage 180 students in The Externship Experience, providing customized externships with skills training, mentoring opportunities, and project-based learning.
5. Serve 500 youth by providing “On The Road" workshops to schools and other organizations with youth programs.
6. Provide 10 college guidance workshops and individual counseling to students to assist them in applying to college, serving a total of 100 young people.
7. Track student participants to document short-term outcomes of our programs, including: character and confidence; interpersonal skills; professional work-readiness skills; exposure to and understanding of academic and professional opportunities; ability to build a network.
8. Continue to build a robust alumni network with events and career development activities, serving over 200 alumni.

Futures and Options is motivated to reach significantly more youth, delivering services that make a lasting change for our young people. To this end, we will invest in areas that will increase our impact with each student we serve, and we will develop stronger tools and systems to measure outcomes in the short and long term. We will continue to grow such that more young people can access our programs, and we will invest in administrative areas that will generate capacity for ongoing and then faster growth.

Strategies for increasing our impact include:

1) Improve program quality and effectiveness - Program effectiveness is responsible for our impact with each student we serve. Increasing our impact with each student to ensure a sustained change is an important end in and of itself, but it is also a strategy to enhance our reputation, tell a strong story, and improve our relationships with our partners, which should all ultimately contribute to program growth via an increase in revenue and internship placements.

2) Increase the number of opportunities for students - It is imperative that we offer more students access to our programs, through activities that efficiently and sustainably grow our revenue and internship placements. This includes growing our technical assistance work, so that more students have access to our valuable programs and more professionals are trained to provide career development programs for youth.

3) Improve alumni engagement - Maintaining relationships with former program participants allows us to track our long-term impact with youth while creating a pool of potential donors, volunteers, and new business partners.

4) Improve marketing and build brand awareness - Brand awareness and professional marketing materials support Futures and Options growth in all areas. These are necessary investments to generate new funds and partnerships.

5) Improve fundraising and revenue generation - Our sustainability most fundamentally hinges on our financial health. Diverse and predictable unrestricted and restricted program revenue are necessary to achieve all other goals.

6) Improve core infrastructure - Our people are our strongest resource, and the right staff and volunteers make Futures and Options successful. We need to recruit and retain the staff and volunteers needed to execute our work in all areas, and provide them with the right tools, training, and systems to accomplish their goals, ensure success of our strategic plan, and prepare for what’s to come.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us

  • What challenges does the organization face when collecting feedback?

Financials

Futures and Options, Inc.
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Operations

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

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Connect with nonprofit leaders

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Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Futures and Options, Inc.

Board of directors
as of 04/17/2024
SOURCE: Self-reported by organization
Board chair

Mr. Paul Zemsky

Focus Consulting Group

Stephen E. Hessler

Sidley Austin LLP

David C. Johnston

AlixPartners

Paul Teske

ATL Partners

Roopesh Shah

Evercore Partners

Stephen Goldstein

Evercore Partners

Lisa Grushkin

Macquarie Group

Daniel Magliocco

Patricof Co.

Erin Murphy

Tower Research Capital

Efrem Sigel

Christopher Snyder

Perspective Equity

Colleen Hsia

Teneo

William Iwaschuk

Cipher Mining Inc.

Benjamin Schrag

Kroll

Matthew Settle

Carlyle

John Thompson

Oliver Wyman

Paul Zemsky

Focus Consulting Group

Dave Miller

Elliott Management Corporation

Ryan Schneider

PwC

W. Greg Thonsen

Golub Capital

Wray Thorn

Focus Impact Partners

Kris Hansen

Paul Hastings

Daniel Pombo

J.P. Morgan

Daniel Tannebaum

Oliver Wyman

Robert Ramirez

Guggenheim Securities

Jason Scheir

Apollo Global Management

Hugh Nelson

Houlihan Lokey

Diane Arber

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and 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? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 10/7/2021

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 10/07/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.