The Foundation for Tomorrow Inc
Nonprofit profile at a glance
- EIN
- 205970104
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Charlotte, NC, USA
- Phone
- 7043408969
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $1,056,111
- Expenses
- $901,272
- Assets
- $171,541
- Liabilities
- $7,930
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Miller Bianucci (Executive Director)
Highest reported compensation
- Miller Bianucci (Executive Director): $84,300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
TFFT's mission is to secure quality education and emotional support for orphan and vulnerable children so they may reach their full potential and thrive in their communities. Focused on work in Tanzania, TFFT envisions a world where all children contribute to society as active and empowered citizens free of exclusion, disadvantage, and vulnerability. We work to fulfill our mission in two ways: by providing access to education for orphaned and vulnerable children and by training teachers to improve the quality of education in Tanzanian classrooms.
What it reported doing in 2024
Scholarship ProgramThe Foundation of Tomorrow's (TFFT) Scholarship Program set out to harness a hopeful trajectory for Tanzania's youngest. In 2024, we have supported 97 children with educational scholarships. TFFT witnesses scholars flourishing academically, mentally, and socially. In our view, success isn't one set outcome, but rather the growth of a scholar into an educationally well-equipped, physically and mentally healthy, and productive member of society.(Continued on Schedule O)Our Scholarship Program focuses on depth through academic support, personalized developmental guidance, health and psychosocial support. A central tenet of TFFT's work is that success looks different for each student and we use a Whole Child Approach to take into account the diverse ways individuals learn and grow. We support students from their entry into our educational program in pre-kindergarten, to their graduations from secondary school, and to the start of their careers. We provide for students' varying needs through our health and psychosocial program, our career coaching and mentoring program, and our alumni development program. Our wrap-around programs are designed to address the holistic needs of our students, ensuring they are healthy and well-prepared as they navigate their educational paths and transition into adulthood.Parents and GuardiansTFFT's Scholarship Program includes the supporting and strengthening of scholars' families through parent and guardian training sessions. Positive Parenting Training provides scholars' parents and guardians with the ability to support students and foster better practices for raising physically and mentally healthy children.Health and Psychological Well-BeingBecause we recognize that learning does not happen in a vacuum and both physical and emotional wellbeing influence the learning process, our Health and Psychosocial Program is a critical component of our Whole Childapproach. We provide health insurance, health care, and counseling for all scholars. Because many scholars come from extremely vulnerable households, they are in need of extra support to bolster their wellbeing. We continue to deepen our commitment to scholars' holistic care and building resilience through programs and interventions. Parents are educated on positive parenting to compliment the psychosocial support the scholars receive, and we work to develop scholars' leadership skills to foster engagement in community service.Career Coaching and MentoringThroughout each step of a TFFT scholar's educational journey, we provide personalized guidance, coaching, and mentoring. We believe that success takes many forms and looks different for everyone. Because of this, we combine unique support methods and a student-centered mentoring program to create bright pathways towards success for each scholar.It is important we all fill the void of the life lessons typically taught in a healthy home environment. We seek to provide our scholars with an education that allows them to succeed both inside and outside of the classroom. TFFT's Career Coaching and Mentoring Program underpins our work with our scholars and teachers, reaching into the community. Our programs teach social-emotional development, essential life skills, stretches students' imagination, fuels their dreams, builds confidence, and deepens personal understanding. This empowers participants to become independent, compassionate adults, who are able to lead productive lives and are prepared to work collaboratively with their communities to address the issues facing their country.Through our alumni support program, TFFT continues to cultivate the skills and interests of our scholars after they graduate from our program, by providing on-going leadership training, supporting their growth through access to career opportunities that generate success. Further, TFFT's peer mentoring group serves as a platform for TFFT scholars to work together to navigate life after TFFT as young leaders w
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 75
- Accountability: 90
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.4%; rating input score 70
- Program expense ratio: 82.5%; rating input score 82
- Fundraising efficiency: $14.85 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 14.7%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 11% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 6% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 70.4% of revenue deployed · 82.5% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $743K in reported program spending
- Leadership: top reported pay $84K · 8 people listed
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 50/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.