The future belongs to those who believe in the beauty of their dreams. —Eleanor Roosevelt
DEAR FRIENDS, I learned from Eleanor Roosevelt that, “The future belongs to those who believe in the beauty of their dreams.” If you remember this whenever you are in doubt, you will surely be able to make your dreams a reality. – Janelle Lawrence, 2013 Futures and Options Dream Big Scholar Futures and Options gives New York City middle and high school students the chance to imagine, explore and realize futures and options they previously did not know were obtainable. Reaching more than 500 youth in a year was once an ambitious target for us. Now, thanks to your generous support, it is a reality. Thanks to the vision of New York’s business community, a record 277 high school students gained professional work experience through paid, closely mentored internships. Our partners include multinational corporations, small businesses, nonprofit organizations and government agencies — 132 in 2013 alone. We are grateful to our generous supporters – corporations, foundations and individuals whose financial contributions support our work-readiness training, career exploration activities and college guidance workshops. These vital programs gave an additional 232 students the skills and knowledge they need to chart their futures.
Thank you to our more than 250 volunteers, who give gifts of time and know-how to counsel, mentor and engage our youth, helping them learn how to work with professionals. As we look to our future, our goal is to give more New York City youth the skills and confidence to believe in and achieve their dreams. With your continued support and faith, that goal and those dreams will become a reality. With our deepest gratitude,
Cover photo: Jervon Frederick, George Westinghouse Career and Technical Education High School, 2013 intern, Cohen’s Fashion Optical and Metro New York
Stephen E. Hessler Chairman, Board of Directors
Patricia S. Machir Executive Director 3
I AM FUTURES + OPTIONS Justin Lawson with Jim Gilroy, Senior Vice President, Technology Operations, Blackstone
INDIVIDUAL SUPPORT Continued
John Dischner Jose Esteves & Isabelle Papoulias Lee Fletcher Kenneth Gibbs Nathaniel Goodman Sigrid Gray Philip Gund Paul Harris Kevser Kaleli Rajiv Kamilla Jack Kantrowitz David Kaufman James Knox Courtney Leimkuhler & Charles de Segundo Rick Marcoux Roger Meltzer Curtis Mo Edward Neiger Christopher Paci Jessie Palmer Meredith & Peter Rugg Steven Sperber & Phannee Noiplai James & Reginald Stone Scott Stuart Daniel Tomson Noah Weinstein Meena Thever Wojcik & Tom Wojcik Anthony Wong Michael Wyse Coaches ($100 – $499) Travis Acquavella Sasson Afshari Justin Anderson 16
Mallory Anhouse Ann Babits Michael Barbieri Raffi Baroutjian Jeffrey Bast Judy Baumgarten Elizabeth Berger Ronit Berkovich David Bernfeld Vikas Bhatia Aubrey Brahms Michael Brewster Eric Brielmann Doug Brown Susan Bruder Scott Burke Marianne & Stephen Busby Maureen Buttenheim Jane Buxton Barbara Byington Cathy Callender John Carter Scott Chabina Anne Citrin Andrew Colon Missy Condo Damani Corbin Joann Corkran Antony Courtney Drew Cronin-Fine Katie & Jack Cullinane Jeffrey Cymbler James Daloia John DeGroote Barbara Denker Paul Deutch Laura Dillon Mark Dimilia Ellen Dodge Moira Dorst
John Dougherty Rebecca Dougherty Robert Douglass Katherine Droy Elliott Edwards Bob & Kathy Ellis Kelsey & Christopher Ellis Tom Ellis John Erickson David Federman James Finn Rena Fischler Virginia Fortune Brian Fox Elaine Fox Kim Fox Beth Friedman Lurie Laurie Fruit Andrew Gallo Ruth Gallogly Sarah Jane Gibbons Priscilla & Corey Gildart Kristin Going Anne & John Goldsmith Cynthia Goldstein Gary Goodman Max Goodman Mary Ellen Grunther Jordan Halpern-Leistner Joseph Harrison Carmen & Fabian Hassel Todd Hatcher Jane Havemeyer Nina Healy Ezra Hedaya Matthew Hendricks Catherine & Richard Herbst Maryellen Hilly-Stiffle Kenneth Hiltz Greg Holden
Traci Holinger Junchan Hong Justin Horowitz Kevin Hroblak Mary Humphries Judith & Walter Hunt Robert Huttle Garrett Ingoglia Robert Jang Michael & Meredith Jetton Beth Jinks Janet Joyce Michael Kaminer Sue Keenan Matthew Kelsey Richard Kennedy Carolyn Kim Gabe Koch Gale Kroeger Jon Labovitz Margot & Jacob Laksin Sandra Lawrence Scott LeFever Pamela & Edmund Lempenski Bernice Levethal Adam Levin Howard Levine Norm Lobins John Longmire Naomi Lowenthal Heidi Maclin Naz Majidi Andrew Maki Scott Malamut Zubin Malkani Kate Mallax Robert Manley Janet Mannheimer Mark Margiotta Mayuko Matsumoto
Loretta McCarthy John McConnell Patrick McCormick Conor McCoy Adam McCoy Claire McGuire Divesh Mehra Sara Mohr Katherine Monahan Lael Morgan Clare & Michael Mullarney Mark Muller Marc Munfa Maryann & Kenneth Munoz Mike Naylor Robert Naylor Henry Neading James Nelson Nancy Newman Ray Newton Gerald Norby Rachel Nordlinger Liliana Nunez Cathy & John O’Rourke Anthony Passalaqua Audra Paterna Robert Patterson Pamela Perkins Charlton Phelps Irving Picard Noah Rabinsky Amita Ramesh Craig Rasile Jonathan Riedel Kimberly Ritrievi Peter Rodriguez Rebecca Roof Brian Rosenthal Perry Rosenthal Jason Russell
Marianne Russem Thomas Santoro Ettore Santucci Cathy & John Sauer Timothy Sauer Eric Savoy Marie Scalesse Erin Schaffner Tausca Schillaci James Sewell Grace Shafidiya Chirag Shah Dheeraj Sharma Matthew Siano Peggy & Walter Siebecker Robert Sieck Charlotte Simpson Paul Singerman Matt Slosek Lindsay Solomon Andy Stafman Lisa Stern Richard Stieglitz Cheri Stryker Thomas Studebaker Stelio Suarez Paul & Erin Teske Margaret Teske Sarah Thompson Marianne Thompson Olivia Tiernan Constance Tierney Emily Tower & Darren Tower Deborah Tower Sotirios Tsakalis Jane Tutoki Mary Tuttle & David Lemonick Jennifer Val Patrice Vigne Melanie Waits
Leonard Walczyk Peggy Wallace Spencer Ware Paulette Welsing David Winter Nina Wintringham Thomas Woiteshek Philip Yates William Yu Joseph Zalewski Benjamin Zeidler David Ziegler Friends ($1 – $99) Kathryn Adams Manish Agarwal Judy Agata Derek Alexander Ken Andersen David Andersson Daniel Appell Linda Aron Candace Arthur Melissa Atienza Maria Aymar-Smith Meirav Azoulay Nell Baird David Banker Reshmi Basu Molly Battles Amy Becker R T Winston Berkman Lisa Bermudez Noel Bhumgara Jennifer Bird Patricia & Ronald Black Evan Blum Jennifer Blum Gina Bonilla Florence Boyle
Kathlene Burke Diamond Butler Emily Cacciapaglia Shauna Cane Caroline Cannon Michael Cantor Julie Cantor Natalie Carlson Talia Carr Lea Carroll Owen Charles Michelle Choi Sean Clark Harry Clarke Tesandra Cohen Tim Collins Jane Connor Richard Corbi Will Corrigan Natalie Cox Eileen Creighton Lorne Creighton Clare Cullinane Kathleen Cullinane Yvanna Custodio Kendall Dabaghi Alan Dalsass Oscar de Lucio Josephine Deignan Kristy DeRosa Ellen Diamant Kathryn Diaz Cody Disch Ryan Dodge Brad Donnelly Steve Dorsey Theresa Driscoll Elizabeth Duffy Lauren Edgar Svetlana Eisenberg
FINANCIALS Adyron Gordon
Statements of Activities STATEMENTS OF ACTIVITIES June 30, 2013
June 30, 2012
$ 184,779 581,140 14,050 3,000 171,063 692 117,855
$ 141,099 454,864 40,750 3,500 161,465 1,929 103,173
100,000 (117,855) $ 1,054,724
117,220 (103,173) $ 920,827
Program Expenses: Intern Wages and Student Stipends Career Development Programming Total Program Expenses
212,014 590,319 $ 802,333
168,674 555,222 $ 723,896
Management and General Fundraising Total Expenses
101,105 76,768 $ 980,206
82,446 101,183 $ 907,525
92,373 (17,855) 74,518
(745) 14,047 13,302
Support and Revenues Unrestricted: Special Event Net Income Contributions Contributions In-Kind Government Grants Program Service Revenue Interest and Other Income Release of Prior Year Restrictions Temporarily Restricted: Contributions Release of Prior Year Restrictions Total Support and Revenues
Expenses
Increase/(Decrease) In Net Assets Unrestricted Temporarily Restricted Increase/(Decrease) In Net Assets
2013 Expenses
$
Statements of Financial Position
Program Expenses
$802,333
81.8%
Cash Contributions & Stipend Receivables Prepaid Expenses Property and Equipment, Net Security deposits Total Assets
Administrative Expenses
$101,105
10.3%
Liabilities and Net Assets
Fundraising Expenses
$76,768
7.8%
10% Administrative
82%
Program
June 30, 2013
June 30, 2012
$ 299,828 114,688 30,581 23,362 5,189 $ 473,648
$ 279,675 109,170 26,688 $ 415,533
50,644 119,060
49,155 136,952
202,544 101,400 303,944 $ 473,648
110,171 119,255 229,426 $ 415,533
Assets
8% Fundraising
Summary of Financial Statements dated November 10, 2013, prepared by Skody Scot & Company, CPAs, P.C. 18
$
Liabilities: Accrued Expenses Deferred Income Net Assets: Unrestricted Temporarily Restricted Total Net Assets Total Liabilities and Net Assets