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CHARITY REVIEW
Issued: November 2024 Expires: November 2026

Partnership for the Future

Accredited Charity
Accredited Charity

Meets Standards
(804) 527-7938
4600 Cox Road
Glen Allen, VA, 23060
https://partnershipforthefuture.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Partnership for the Future meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to equip high-achieving high school students for success in college and beyond."

Year, State Incorporated:
1996, VA

Partnership for the Future (PFF) reports that it is a year-round program focused on helping high-achieving, low to moderate-income high school students bridge academic, financial, and cultural gaps to select colleges and careers. During the school year, the organization states that it mentors each student, monitors their grades (maintaining a 3.0 grade point average to stay in the program), and offers volunteer services and other extra-curricular activities that will position students for college. In the summers, PFF participants partake in an internship with a partner organization four days a week and attend workshops, college tours, and other professional development opportunities on Fridays. During a student’s final summer before college, they attend the organization’s “Different World” workshop series, where participants prepare for college life and complete a community service project. Participants also obtain a Virginia 529 college savings account and PFF provides a dollar-for-dollar scholarship match of up to $2,000 in their high school program and $1,000 per summer in its collegiate program. While students are attending college, the organization offers assistance with course selection, FAFSA applications, and cultural support. In 2023, PFF states that it awarded $103,492 in scholarships to the Class of 2023 and served 486 high school scholars with an average GPA of 3.96.

For the year ended December 31, 2023, Partnership for the Future's program expenses were:

Program services $1,305,480
Total Program Expenses $1,305,480

Chief Executive
Dionne W. Henderson, President and Chief Executive Officer

Compensation*
$146,769

Chair of the Board
Joi Dean

Chair's Profession / Business Affiliation
Chief Executive Officer, Richmond Metropolitan Transportation Authority

Board Size
17

Paid Staff Size
12

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Grant proposals, Internet, Direct mail appeals

Fundraising costs were 15% of related contributions. (Related contributions, which totaled $1,759,149, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Partnership for the Future's audited financial statements for the year ended December 31, 2023.

Source of Funds
Contributions and grants $1,505,819
In-kind contributions $253,330
Interest income and other revenues $81,524
Total Income $1,840,673

Programs: 66% Fundraising: 13% Administrative: 21%

Total Income $1,840,673
Total expenses: $1,986,318
  Program expenses $1,305,480
  Fundraising expenses $265,667
  Administrative expenses $415,171
  Other expenses $0
Income in Excess of Expenses $-145,645
Beginning Net Assets $1,576,617
Other Changes In Net Assets $0
Ending Net Assets $1,430,972
Total Liabilities $38,518
Total Assets $1,469,490

Note: According to the organization's 2023 audited financial statements, PFF received in-kind contributions totaling $253,330 in the form of office rent ($77,490), information technology services ($71,896), program transportation ($48,482), program event space ($39,265), and professional services ($16,197).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance