Nonprofit · EIN 45-0550557
NETWORK FOR BETTER FUTURES
Tax-exempt · MINNEAPOLIS, MN 55406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,050,926 | $3,886,669 | $164,257 | $1,441,929 | $1,224,492 | $217,437 |
| December 31, 2023 | 990 | $4,462,235 | $3,578,619 | $883,616 | $1,675,363 | $1,622,183 | $53,180 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,764,355
- of which government grants
- $1,223,660
- Program service revenue
- $2,208,064
- Investment income
- $0
- Other revenue
- $78,507
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $167,271
- Other salaries and wages
- $1,369,878
- Salaries, compensation and benefits (total)
- $1,957,010
- Professional fundraising fees
- $0
- Legal fees
- $3,357
- Accounting fees
- $13,200
- Occupancy
- $217,905
- Travel
- $28,405
- Depreciation
- $44,705
- Program services (functional)
- $2,987,530
- Management and general (functional)
- $761,666
- Fundraising (functional)
- $137,473
Balance sheet and other
- Total assets, start of year
- $1,675,363
- Total assets, end of year
- $1,441,929
- Total liabilities, end of year
- $1,224,492
- Net assets, end of year
- $217,437
- Land, buildings and equipment
- $62,870
- Net assets without donor restrictions
- -$122,094
- Net assets with donor restrictions
- $339,531
- Gross receipts
- $4,050,926
- Employees
- 101
- Volunteers
- 2
- Year formed
- 2007
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PJ HUBBARD | PRESIDENT & CEO Officer | 40 | $160,726 | $6,545 |
| CHARLES BRADLEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SIMON SHANNON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER MCCANTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT MURRAY | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JULIUS BARNES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PJ HUBBARD | PRESIDENT & CEO Officer | 40 | $130,075 | $5,904 |
| J ALEX FRANK | CHAIR Trustee or director, Officer | 1 | $1,442 | $0 |
| CHARLES BRADLEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SIMON SHANNON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER MCCANTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF ETTINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK BORMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT MURRAY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIUS BARNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2620 MINNEHAHA AVE, MINNEAPOLIS, MN 55406-1500
- Principal officer (990 for 2024)
- PJ HUBBARD, 2620 MINNEHAHA AVE, MINNEAPOLIS, MN 55126
- Signed the 990
- ROBERT MURRY, BOARD CHAIRMAN
- Phone
- (612) 455-6133
- Return prepared by
- CARPENTER EVERT & ASSOCIATES LTD
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.
Program accomplishments
- 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. 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.Expenses $2,987,530 · revenue $502,999
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0550557
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I40)
- Assets (IRS master file)
- $1,441,929
- Income (IRS master file)
- $4,050,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,050,926 | $3,886,669 | $1,441,929 | XML |
| 990 | December 2023 | $4,462,235 | $3,578,619 | $1,675,363 | XML |
| 990 | December 2022 | $3,639,604 | $4,302,593 | $1,199,026 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0550557).
Questions about NETWORK FOR BETTER FUTURES
- What is the EIN of NETWORK FOR BETTER FUTURES?
- The employer identification number (EIN) of NETWORK FOR BETTER FUTURES is 45-0550557.
- Is NETWORK FOR BETTER FUTURES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to NETWORK FOR BETTER FUTURES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NETWORK FOR BETTER FUTURES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NETWORK FOR BETTER FUTURES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NETWORK FOR BETTER FUTURES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NETWORK FOR BETTER FUTURES?
- The 990 for the year ended December 31, 2024 names PJ HUBBARD.
- Who are the officers and directors of NETWORK FOR BETTER FUTURES?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $160,726 (PJ HUBBARD, PRESIDENT & CEO).
- How much revenue does NETWORK FOR BETTER FUTURES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,050,926, expenses of $3,886,669 and total assets of $1,441,929 at year end.
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