BUILDING FUTURES

EIN: 813939129 501(c)(3) Employment

PROVIDENCE, RI

Total Revenue
$5,174,271
Total Expenses
$4,109,450
Total Assets
$4,434,992
Net Assets
$4,108,272
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
RI
Principal Officer
ANDREW CORTES
Phone
4019195919
Tax Period
2024-07-01 to 2025-06-30

BUILDING FUTURES, founded in 2016, is a community nonprofit in the Employment sector that reported $5.2M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 21% operating margin.

Mission

BUILDING FUTURES' MISSION IS ACHIEVED THROUGH PRE-APPRENTICESHIP TRAINING AND SOCIAL SERVICE SUPPORTS FOR INDIVIDUALS EXPERIENCING POVERTY WHO SEEK CAREERS IN THE BUILDING TRADES THROUGH REGISTERED APPRENTICESHIP; AND STRATEGIES TO INCREASE EMPLOYER USE OF APPRENTICES ON CONSTRUCTION PROJECTS; AS WELL AS TECHNICAL ASSISTANCE TO NON-CONSTRUCTION EMPLOYERS WHO WISH TO DEVELOP, LAUNCH AND OPERATE REGISTERED APPRENTICESHIP TRAINING PROGRAMS IN OTHER HIGH GROWTH SECTORS.

Program Service Accomplishments

Program 1
Expenses: $2,298,527 Revenue: $0

BUILDING FUTURES -BUILDING FUTURES' MISSION IS ACHIEVED THROUGH PRE-APPRENTICESHIP TRAINING AND SOCIAL SERVICE SUPPORTS FOR INDIVIDUALS EXPERIENCING POVERTY WHO SEEK CAREERS IN THE BUILDING TRADES...

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BUILDING FUTURES -BUILDING FUTURES' MISSION IS ACHIEVED THROUGH PRE-APPRENTICESHIP TRAINING AND SOCIAL SERVICE SUPPORTS FOR INDIVIDUALS EXPERIENCING POVERTY WHO SEEK CAREERS IN THE BUILDING TRADES THROUGH REGISTERED APPRENTICESHIP; STRATEGIES TO INCREASE EMPLOYER DEMAND FOR APPRENTICES ON CONSTRUCTION PROJECTS; AS WELL AS TECHNICAL ASSISTANCE TO NON-CONSTRUCTION EMPLOYERS WHO WISH TO DEVELOP, LAUNCH, AND OPERATE REGISTERED APPRENTICESHIP TRAINING PROGRAMS IN OTHER HIGH-GROWTH SECTORS.BUILDING FUTURES' COMPREHENSIVE, NATIONALLY RECOGNIZED PRE-APPRENTICESHIP TRAINING PROGRAM (BF200) PREPARES ADULTS FOR EMPLOYMENT IN ONE OF MANY BUILDING TRADE APPRENTICESHIPS, INCLUDING ELECTRICIANS, CARPENTERS, PLUMBERS, IRONWORKERS, PAINTERS, AND LABORERS, AMONG OTHERS. THIS 200-HOUR HANDS-ON PRE-APPRENTICESHIP TRAINING FOCUSES ON BASIC COMPETENCIES NEEDED ACROSS ALL CONSTRUCTION TRADES. WHILE ENROLLED FULL-TIME, PARTICIPANTS RECEIVE A TRAINING ALLOWANCE TO ENSURE RETENTION AND SUCCESSFUL PROGRAM COMPLETION. GRADUATES EARN MULTIPLE INDUSTRY-RECOGNIZED CERTIFICATIONS THAT HELP ENSURE ENTRY INTO THEIR CHOSEN TRADE. ALL GRADUATES RECEIVE ASSISTANCE WHILE CHOOSING A TRADE OCCUPATION AND PREPARING FOR APPRENTICESHIP PROGRAM INTERVIEWS AND ENTRANCE EXAMS, AS WELL AS SUPPORT SERVICES DURING THEIR FIRST YEAR OF APPRENTICESHIP AND BEYOND.BUILDING FUTURES REMAINS THE ONLY STATE-REGISTERED CONSTRUCTION PRE-APPRENTICESHIP PROGRAM IN RHODE ISLAND. DIRECT ENTRY AGREEMENTS WITH THE RI BUILDING AND CONSTRUCTION TRADES COUNCIL UNIONS ALLOW FOR PRIORITY ENTRANCE FOR OUR PROGRAM GRADUATES INTO THEIR PREFERRED TRADE. TO DATE, 607 PARTICIPANTS HAVE GRADUATED FROM BF200 PRE-APPRENTICESHIP, INCLUDING 58 IN FY25. IN FY25, WE OPERATED FOUR CYCLES OF BF200 IN DIRECT RESPONSE TO GROWING DEMAND FOR TRAINING.ELECTIVE TRAININGS SUPPLEMENT BF200 PRE-APPRENTICESHIP, FURTHER PREPARING GRADUATES FOR SUCCESS IN EMPLOYMENT. THE GRADUATE SERVICE LEARNING ("GSL") ELECTIVE ALLOWS GRADUATES TO PARTICIPATE IN A RANGE OF HANDS-ON, COMMUNITY-BASED PROJECTS. IN FY25, TRAINEES CONSTRUCTED A VULTURE HABITAT AT ROGER WILLIAMS PARK ZOO, AS WELL AS FIVE UTILITY SHEDS THAT WERE DISTRIBUTED TO SOUTHSIDE COMMUNITY LAND TRUST, THE HMONG COMMUNITY FARM IN CRANSTON, THE CHARLES STREET COMMUNITY GARDEN, AND OUR OWN TREE NURSERY.OUR CERTIFIED WELDING ELECTIVE TRAINING, HELD THREE TIMES PER YEAR, IS A THREE-WEEK COURSE IN INDUSTRIAL WELDING TAUGHT BY AN AMERICAN WELDING SOCIETY-CERTIFIED INSTRUCTOR. THESE ELECTIVES AUGMENT THE CORE PRE-APPRENTICESHIP IN PREPARING GRADUATES FOR ENTRY AND SUCCESS IN REGISTERED APPRENTICESHIPS. IN FY25, 46 PEOPLE PARTICIPATED IN GSL, AND ANOTHER 18 COMPLETED WELDING CERTIFICATION TRAINING.AS OF THE END OF FY25, 476 PRE-APPRENTICESHIP GRADUATES HAVE ENTERED EMPLOYMENT, INCLUDING 459 WHO ENTERED CONSTRUCTION THROUGH REGISTERED APPRENTICESHIP PROGRAMS. THIRTY-NINE GRADUATES ENTERED CONSTRUCTION REGISTERED APPRENTICESHIPS IN FY25 ALONE. OVER 90% OF BF200 GRADUATES ARE RETAINED IN THEIR APPRENTICESHIP AFTER ONE YEAR, AND 81% COMPLETE THEIR THREE-TO-FIVE-YEAR APPRENTICESHIPS. WITH EMPLOYER AND TRADE PARTNERS, BUILDING FUTURES CONTINUES TO REFINE AND EXPAND ITS PRE-APPRENTICESHIP PROGRAM AND HAS BEEN NATIONALLY RECOGNIZED FOR ITS BEST PRACTICES BY THE U.S. DEPARTMENT OF LABOR AND OTHERS.RECRUITMENT, TRAINING, PLACEMENT, AND RETENTION OF WOMEN IN THE TRADES IS PART OF BUILDING FUTURES' ONGOING EFFORTS TO INCREASE THE DIVERSITY AND NUMBER OF QUALIFIED CANDIDATES FOR TRADE APPRENTICESHIP PROGRAMS. BUILDING FUTURES' ALUMNAE LEADERSHIP WORKING GROUP ASSISTS WITH OUTREACH AND RECRUITMENT. BUILDING FUTURES SUPPORTS ITS ALUMNAE IN DEVELOPING THEIR LEADERSHIP SKILLS AND WORKING WITHIN THEIR UNIONS TO SUPPORT WOMEN'S RECRUITMENT AND RETENTION EFFORTS, INCLUDING PARTICIPATION IN THE ANNUAL NORTH AMERICA'S BUILDING TRADES UNIONS CONFERENCE, TRADESWOMEN BUILD NATIONS. BUILDING FUTURES SPONSORED 13 GRADUATES WHO TRAVELED TO NEW ORLEANS FOR THE FALL 2024 TRADESWOMEN BUILD NATIONS CONFERENCE.IN FY24, BUILDING FUTURES PILOTED A BUSINESS DEVELOPMENT CLASS TAILORED FOR BF200 GRADUATES WHO HAVE ADVANCED IN THEIR TRADE AND ARE SEEKING TO BEGIN THEIR OWN BUSINESSES AS CONTRACTORS. BUILDING FUTURES ENGAGED A CONSTRUCTION BUSINESS LEADER TO PROVIDE INSTRUCTION AND COUNSELING SERVICES FOR GRADUATES. THE PROGRAM'S INTENSIVE CURRICULUM COVERS BUSINESS REGISTRATION, BASIC OPERATIONS, REQUIREMENTS NEEDED TO BECOME A CONTRACTOR, MANAGING CASH FLOW, AND RAISING CAPITAL FOR A GROWING CONSTRUCTION BUSINESS.EXPERT PRESENTERS AND COACHES OFFER INSIGHTS FROM THEIR OWN EXPERIENCE AND ENCOURAGE DISCUSSION AND CRITICAL THINKING. IN FY24, NINE BUILDING FUTURES GRADUATES AND SEVERAL OF THEIR FAMILY MEMBERS COMPLETED THE PROGRAM, AND MANY WENT ON TO PURSUE MBE/WBE CERTIFICATION. IN FY25, BUILDING FUTURES WORKED TO DEVELOP THE PILOT MATERIALS INTO A FORMAL SYLLABUS, CURRICULUM, AND LESSON PLANS, WHILE OUR INSTRUCTOR CONTINUED COACHING GRADUATES. WE ARE NOW READY TO LAUNCH THE SECOND ITERATION OF THE PROGRAM.BUILDING FUTURES IS THE STATEWIDE MULTI-CRAFT CORE CURRICULUM (MC3) INTERMEDIARY FOR THE RHODE ISLAND BUILDING & CONSTRUCTION TRADES COUNCIL. MC3 IS A NATIONAL APPRENTICESHIP READINESS CURRICULUM DEVELOPED BY NORTH AMERICA'S BUILDING TRADES UNIONS AND TRADESFUTURES. THIS CURRICULUM OFFERS AN INDUSTRY CREDENTIAL AND EXPOSURE TO BUILDING AND CONSTRUCTION TRADE OPTIONS THAT BEGIN WITH REGISTERED APPRENTICESHIP. ALL BUILDING FUTURES PRE-APPRENTICESHIP AND BUILDING FUTURES INSIDE APPRENTICESHIP READINESS PARTICIPANTS EARN THE MC3 ALONG WITH OTHER CREDENTIALS. BUILDING FUTURES ALSO ADMINISTERS MC3 WITH PARTNER HIGH SCHOOLS AND THE COMMUNITY COLLEGE OF RI. IN FY25, 28 HIGH SCHOOL STUDENTS FROM PROVIDENCE CAREER AND TECHNICAL ACADEMY AND 30 CCRI STUDENTS EARNED MC3 CERTIFICATION. TWO PCTA GRADUATES AND ONE CCRI STUDENT WHO EARNED MC3 ENTERED REGISTERED APPRENTICESHIP. TO DATE, 189 HIGH SCHOOL STUDENTS HAVE EARNED THE CERTIFICATION, WITH 43 ENTERING REGISTERED APPRENTICESHIPS.BUILDING GREEN FUTURES (BGF) PREPARES YOUNG ADULTS, AGES 1824, FOR FULFILLING CAREER PATHWAYS, INCLUDING PRIORITY PLACEMENT IN BUILDING FUTURES' RIGOROUS BF200 CONSTRUCTION PRE-APPRENTICESHIP TRAINING AND SUBSEQUENT ENTRY IN REGISTERED APPRENTICESHIPS. THE PROGRAM UTILIZES THE NATURAL ENVIRONMENT AS ITS TRAINING GROUND, FOCUSING ON PHYSICAL CONDITIONING AND STAMINA, AND RUDIMENTARY KNOWLEDGE OF CONSTRUCTION SKILLS, AS WELL AS OVERALL CAREER READINESS. IN FY25, 22 PARTICIPANTS GRADUATED FROM BGF. TO DATE, 83 YOUNG ADULTS HAVE GAINED WORK READINESS SKILLS WHILE PARTICIPATING IN CLIMATE MITIGATION PROJECTS, INCLUDING PLANTING OVER 500 TREES IN THE PROVIDENCE METRO AREA AND WORKING ON STORMWATER RETENTION INFRASTRUCTURE AND SITE MAINTENANCE WITH LOCAL PARTNER ORGANIZATIONS. THROUGH A PARTNERSHIP WITH WOONASQUATUCKET RIVER WATERSHED COUNCIL (WRWC) AND NARRAGANSETT BAY COMMISSION, BGF PARTICIPANTS CONSTRUCTED A NEIGHBORHOOD URBAN TREE NURSERY IN 2024 TO HOUSE AND MANAGE UP TO 400 TREES FOR FUTURE COMMUNITY PLANTINGS. THIS URBAN TREE NURSERY NOW SERVES AS BGF'S OUTDOOR CLASSROOM.IN FY23, BUILDING FUTURES LAUNCHED BUILDING FUTURES INSIDE (BFI), A CONSTRUCTION APPRENTICESHIP READINESS AND RE-ENTRY PROGRAM FOR INDIVIDUALS WITHIN RHODE ISLAND'S CORRECTIONAL SYSTEM. THE PROGRAM PROVIDES ENGAGING CLASSROOM, HANDS-ON, AND THERAPEUTIC COMPONENTS TO PREPARE PARTICIPANTS TO TRANSITION TO THE BF200 PROGRAM UPON RELEASE. TO DATE, 31 INDIVIDUALS HAVE GRADUATED FROM BFI, 23 HAVE ADVANCED TO BF200, AND 17 HAVE BEEN PLACED IN A REGISTERED APPRENTICESHIP WITH THE CARPENTERS, CEMENT MASONS, LABORERS, MILLWRIGHTS, AND PAINTERS UNIONS. IN FY25, BUILDING FUTURES PREPARED FOR PROGRAM LAUNCH IN MEDIUM SECURITY. HAVING OVERCOME UNEXPECTED DELAYS, EXPANSION TO MEDIUM SECURITY WILL BEGIN IN FY26, WITH A PLAN TO INCORPORATE MEDIUM SECURITY PROGRAMMING INTO THE YEARLY SCHEDULE FOR BFI, ENSURING THAT THE BENEFITS OF THIS TRAINING CAN REACH MORE ELIGIBLE CANDIDATES.

Program 2
Expenses: $1,190,540 Revenue: $0

APPRENTICESHIP RI INITIATIVE -APPRENTICESHIP RHODE ISLAND (ARI), AN INITIATIVE IN PARTNERSHIP WITH THE RI DLT, IS AN EFFORT TO EXPAND REGISTERED APPRENTICESHIP IN HIGH-GROWTH, NON-CONSTRUCTION...

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APPRENTICESHIP RI INITIATIVE -APPRENTICESHIP RHODE ISLAND (ARI), AN INITIATIVE IN PARTNERSHIP WITH THE RI DLT, IS AN EFFORT TO EXPAND REGISTERED APPRENTICESHIP IN HIGH-GROWTH, NON-CONSTRUCTION OCCUPATIONS AND INDUSTRIES. BUILDING FUTURES SERVES AS THE STATE'S APPRENTICESHIP INTERMEDIARY, PROVIDING TECHNICAL ASSISTANCE AND RESOURCES TO EMPLOYERS TO DESIGN, LAUNCH, AND OPERATE REGISTERED APPRENTICESHIP PROGRAMS (RAPS) FOR OCCUPATIONS IN A RANGE OF DIVERSE INDUSTRIES. ARI HAS WORKED WITH 276 EMPLOYERS, SUCCESSFULLY DEVELOPING RAPS THAT HAVE EMPLOYED AND TRAINED 2,462 APPRENTICES. NEW RAP DEVELOPMENT CONTINUES IN THE AREAS OF EARLY CHILDHOOD EDUCATION, SPECIAL EDUCATION, SCHOOLTEACHER LICENSURE, AND MANUFACTURING. ARI ALSO PLAYS A SIGNIFICANT ROLE IN IMPROVING THE CAPACITY OF THE STATE'S APPRENTICESHIP OFFICE, ALIGNING MULTIPLE SYSTEMS TO CONNECT MORE PEOPLE TO REGISTERED APPRENTICESHIP. THESE ACTIVITIES REFLECT A NATURAL EXPANSION OF BUILDING FUTURES' WORK TO BETTER ACHIEVE ITS MISSION WHILE REPLICATING ITS EFFECTIVE WORK IN THE CONSTRUCTION INDUSTRY.IN 2020, ARI WAS RECOGNIZED BY THE NATIONAL GOVERNORS ASSOCIATION AS ONE OF THE TOP 10 MOST EFFECTIVE PROGRAMS IN THE COUNTRY. TO EXPAND UPON ITS IMPACT IN THE REGISTERED APPRENTICESHIP SYSTEM, BUILDING FUTURES WAS AWARDED A NEW FOUR-YEAR U.S. DOL APPRENTICESHIP BUILDING AMERICA GRANT TO ESTABLISH THE ORGANIZATION AS THE REGISTERED APPRENTICESHIP HUB FOR RHODE ISLAND, SUPPORTING NEW PARTNERSHIPS TO EXPAND RAPS IN THE PUBLIC SECTOR, EDUCATION, AND CLEAN ENERGY INDUSTRIES. AS RHODE ISLAND'S APPRENTICESHIP HUB, BUILDING FUTURES HAS HELPED COORDINATE THE LAUNCH OF THE STATE'S FIRST K12 TEACHER APPRENTICESHIP, EXPAND REGISTERED APPRENTICESHIP TO NEW CHILDCARE EMPLOYERS, AND ENHANCE CONSTRUCTION REGISTERED APPRENTICESHIPS WITH TRAININGS AND CERTIFICATIONS FOR ENERGY-EFFICIENT CONSTRUCTION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,053,160
Program Service Revenue $0
Investment Income $108,558
Other Revenue $12,553
TOTAL REVENUE $5,174,271

Expense Breakdown

Grants Paid $354,457
Salaries & Benefits $2,576,420
Fundraising Expenses $9,229
Program Expenses $3,489,067
Other Expenses $1,178,573
TOTAL EXPENSES $4,109,450

Year-over-Year Comparison

2024 2023 Change
Revenue $5,174,271 $5,223,022 0.0%
Expenses $4,109,450 $4,184,115 0.0%
Net Income $1,064,821 $1,038,907 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
28
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$489,219
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY A MANCINI ESQ CHAIR 2.00
Officer Director
$0 $0 $0
JANICE CATALDO TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT DUHAMEL SECRETARY 2.00
Officer Director
$0 $0 $0
VANESSA CRUM DIRECTOR 1.00
Director
$0 $0 $0
BRUCE IANNUCCILLO DIRECTOR 2.00
Director
$0 $0 $0
EILEEN HAYES DIRECTOR 0.50
Director
$0 $0 $0
VENNICIA KINGSTON DIRECTOR 2.00
Director
$0 $0 $0
SANDRA M POWELL DIRECTOR 1.00
Director
$0 $0 $0
PATRICK QUINN DIRECTOR 2.00
Director
$0 $0 $0
ANDREW CORTES PRESIDENT & CEO 35.00
Officer
$175,568 $28,630 $204,198
RITA HOLAHAN COO 35.00
Officer
$144,012 $11,237 $155,249
MARIBETH MARCEAU DIRECTOR OF FINANCE 35.00
Officer
$112,703 $17,069 $129,772
IAN CHASE TRAINING DIRECTOR 35.00
Highest
$120,123 $24,756 $144,879
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,174,271 $4,109,450 $4,434,992 $1,064,821
2024 No data No data No data No data
2023 $3,532,757 $2,879,859 $2,288,703 $652,898
2022 $3,108,008 $2,352,159 $1,468,906 $755,849
2021 $2,652,461 $2,577,242 $1,135,168 $75,219
2020 $2,543,356 $2,320,888 $728,418 $222,468
2019 $2,040,824 $1,980,384 $507,902 $60,440
2018 $1,899,728 $1,885,478 $419,070 $14,250
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