Center For Future Global Leaders
- Assets
- $27.7k
- Revenue
- $895.6k
- Investments
- $0.0
- Employees
- 14
- Location
- Irvine, CA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 20-4140314
Organization Overview
Center For Future Global Leaders is located in Irvine, CA. The organization was established in 2009. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2021, Center For Future Global Leaders employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Future Global Leaders is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Center For Future Global Leaders generated $895.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 43.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SCHOLARSHIPS AND EDCATIONAL SERVICES TO POOR AND IMMIGRANT STUDENTS IN THE USA AND OTHER PARTS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL SERVICES PROVIDING EDUCATIONAL SERVICES TO UNDERPRIVILEGED STUDENTS.
PROVIDING EDUCATIONAL SERVICES SCHOLARSHIPS TO UNDERPRIVILEGED STUDENTS
MANAGEMENT AND ADMINISTRATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Park | Officer | 10 | $1,500 |
Jong H Park | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,890 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $328,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,182 |
| Total Program Service Revenue | $455,319 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $895,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $752,322 |
| Advertising and promotion | $15,000 |
| Office expenses | $5,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,668 |
| Travel | $602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $593 |
| Insurance | $16,705 |
| All other expenses | $0 |
| Total functional expenses | $1,269,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,745 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $303,900 |
| Other liabilities | $0 |
| Total liabilities | $303,900 |
| Net assets without donor restrictions | -$276,155 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,745 |
Grants Awarded
Over the last fiscal year, Center For Future Global Leaders has awarded $99,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EEI SCHOOL OF MUSIC PURPOSE: Education of underpreviledged | $68,000 |
La Crescenta, CA PURPOSE: Education of underpreviledged | $21,000 |
ELITE OF RH PURPOSE: Education of underpreviledged | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Future Global Leaders has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Fugitt Foundation Mcalester, OK PURPOSE: CHARITABLE - TO HELP FUND PROGRAMS | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |
Villa Esperanza Services Pasadena, CA | $33,971,130 | $14,047,530 |