Educational Institutions

FUNDING the FUTURE

Financial Literacy Rocks!

aka Funding the Future   |   Cheyenne, WY   |  www.fundingthefuturelive.org

Mission

Funding the Future's Mission is teaching financial literacy to every student in America! We engage them with a live concert, inspire with the musicians' personal stories, and encourage with a spirited Q&A. They learn how to harness money as a tool to succeed, achieve dreams and change lives. Funding the Future has taught over 130,000 students in 26 states, D.C. and Canada and earned the 2018 Innovation Award from the Jump$tart Coalition on Personal Financial Literacy. We are thankful to our sponsors for supporting our concerts and spreading vital lessons on financial literacy! "We need this education to be the generation to change the world. Thank you for giving us that." Flint, MI Sophomore

Ruling year info

2014

Executive Director

Alisha David

Main address

P.O. Box 4302

Cheyenne, WY 82003 USA

Show more addresses

EIN

46-4096766

Cause area (NTEE code) info

Secondary/High School (B25)

Youth Development Programs (O50)

Arts Education/Schools (A25)

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

Funding the Future has expanded its programs from one to three bands and is challenged with growing pains in sponsoring the number of events that we now have the capacity for.

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?

Financial Literacy Rocks

Each 60-75 minute high school or middle school concert assembly is performed by one of three Funding the Future bands: GOODING (Rock), Carter Hulsey (Folk Rock) and The Reminders (Rap/Hip Hop). The artists perform a live concert followed by a multimedia financial literacy presentation which include the artists personal stories that address: • Creating a financial savings and investment plan and the power of compound interest • Managing the rise in expenses as income increases • Avoiding unnecessary debt • Pitfalls of predatory lending and payday loans • Debunking the myth and hype of overnight success • Importance of self-reliance • Positive influence of education and community mentors • Following your passion Students receive autographed show tour posters and free music downloads for taking a financial literacy quiz to demonstrate learning metrics. Electronic Press Kits; GOODING Band: https://youtu.be/1-9HLJUMNkk The Reminders: https://youtu.be/TGtCYG1pa1I Carter Hulsey: https://www.youtube.com/watch?v=Zl9QiVneB5Q&feature=youtu.be NPR's All Things Considered: https://www.npr.org/2017/12/15/571199887/why-one-rock-band-is-trying-to-teach-students-financial-literacy Video: Collier County, FL Public Schools: https://goo.gl/nMtSbb A large venue event in Miami, FL pulling together several school districts: https://vimeo.com/18820475 (password: 5801)

Population(s) Served
Adolescents (13-19 years)
Families
Budget
$4,000

Where we work

Charting impact

SOURCE: Self-reported by organization

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

What is the organization aiming to accomplish?

Funding the Future is a nonprofit organization that teaches teens vital financial principles by organizing live musical performances at schools across the nation and creating a dialogue around financial literacy between students and musicians. Our mission is to teach kids the importance of smart financial decisions, through live music, video, and an inspirational message shared by a musical celebrity. Participants learn basic tools to make informed life decisions and gain the discipline and confidence to see their own dreams as possibilities. Our Vision is to teach financial literacy to every student in America. By teaching financial literacy to this next generation of leaders, young adults will make smarter financial decisions leading to increased professional and personal success. Our long term goal is to reach every student in grades 6 through 12 in the United States.

We are working on establishing collaborations and partnerships with other organizations whose mission and vision are either aligned with or complementary to Funding the Futures. We are working to get a national level sponsor that will help us fund shows nationally. Currently most of our sponsorships are regional or local. Our board is constantly evaluating other ways to use our unique program approach, for example we now for the first time are presenting our program to all middle schools and high schools in an entire school district rather than with individual schools. We are exploring how to fund and develop an app that will engage students after our shows and will provide us with longitudinal data and feed back as to our impact and effectiveness. Along with that we are constantly evaluating ways to more effectively use social media and new communication technologies to disseminate our message and improve our visibility. We continue to update our curriculum and find ways to expand our resources that we can offer to school administrators and teachers following our in person shows. We are working on ways to make sure that our board of directors stay informed and fully engaged in providing the resources and support for our mission. We continuously evaluate ways to strategically add board members to strengthen our ability to expand the sponsor pool we have for our program and to diversify the industries and professions represented by our board members.

Our board of directors are aligned in their commitment to realize all of our goals and implement our strategies for getting there. We are very minimally staffed but use outside independent contractors to help us with our marketing and fundraising goals and social media outreach. Being a virtual organization our board and staff are able to effectively manage the organization and implement our strategies for growth and impact effectiveness while minimizing operational costs. We also utilize collaborations with organizations such as Jump$tart and Money$mart who are experts in media outreach and communication and support us in that matter. Our bands utilize their connections and fan support to reach potential sponsors and supporters and increase our program visibility.

Funding the Future uses its budget and budgeting process as indicators for how we are progressing relative to program growth. The budgeting process in particular is critical in evaluating assumptions and identifying goals and tracking progress in meeting those goals. Our budget is based nearly entirely on goals for expanding the number of shows we are able to perfom each year as we have substantial capacity from our bands that can be utilized as we grow. We utilize incentive based feedback cards from students to gather data and post performance surveys from administators and faculty. Our tours are based on schools calendars and we have a Spring and Fall tour each year and being able to increase the number of students we are able to reach is one of the best success indicators we have.

We now have three bands to deliver our message and established relationships. The Fall 2019 tour has 78 programs which is an increase of more than 25% over the previous year's tour. We have established new partnerships with several other organizations and programs that have increased our sponsorships and our ability to connect more efficiently with schools. Bookings for our tours are more strategic in the way that we can utilize our bands while they are on tour. As to what is next, we continue to explore ways to find a national sponsor who will partner with us in supporting our organization and we are actively evaluating the potential for developing an app and better utilizing social media and our website to effectively spread our message and improve our visibility.

Financials

FUNDING the FUTURE
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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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  • Analyze a variety of pre-calculated financial metrics
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FUNDING the FUTURE

Board of directors
as of 5/7/2020
SOURCE: Self-reported by organization
Board chair

Colleen Schon

Raymond James

Term: 2017 - 2021

Ilona Box

Church and Box Group of Raymond James

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

Keywords

Financial Literacy Education