Jobs for the Future Inc
Nonprofit profile at a glance
- EIN
- 061164568
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6177284446
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $96,750,408
- Expenses
- $97,550,978
- Assets
- $62,882,189
- Liabilities
- $11,743,291
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- MARIA FLYNN (PRESIDENT & CEO)
- KRISTINA SAMPSON (VICE PRESIDENT OF FINANCE)
- DAPHNE N LAYTON (EXECUTIVE VICE PRESIDENT)
- KRISTINA FRANCIS (EXECUTIVE DIRECTOR, JFF LABS)
- JOEL H VARGAS (VICE PRESIDENT)
- MICHAEL COLLINS (VICE PRESIDENT)
Highest reported compensation
- MARIA FLYNN (PRESIDENT & CEO): $806,036 total reported compensation
- SUSAN GOUJINSTOOK (CHIEF SOLUTIONS OFFICER): $469,992 total reported compensation
- KRISTINA FRANCIS (EXECUTIVE DIRECTOR, JFF LABS): $451,098 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Jff is building a future that works - for everyone. We transform u.s. Education and workforce systems to drive economic success for people, businesses, and communities.
What it reported doing in 2024
Jobs for the future (jff) transforms u.s. Education and workforce systems to drive economic success for people, businesses, and communities. We do this by designing solutions, scaling best practices, influencing policy and action, and investing in innovation. We forge deep partnerships with employers, investors, entrepreneurs, policymakers, and education and workforce development providers to eliminate barriers and reimagine what's possible.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 81% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.9%; rating input score 80
- Program expense ratio: 79%; rating input score 79
- Fundraising efficiency: $21.14 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.9%; rating input score 100; 46th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 91.7%; rating input score 92; 40th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.8%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.64; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 10.9% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 9.7% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 12th percentile among comparable filings
Details
- Where the money goes: 79.9% of revenue deployed · 79% of spending went to programs
- Governance: 11 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $77M in reported program spending
- Leadership: top reported pay $806K · 29 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 139 filed money-flow records
- Related organizations: 130 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 59/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Officer compensation ratio scored 15/100.