Fort Lauderdale Independence Training & Education Center Inc
- Assets
- $895.3k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 38
- Location
- Fort Lauderdale, FL
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 26-4155794
Organization Overview
Fort Lauderdale Independence Training & Education Center Inc is located in Fort Lauderdale, FL. The organization was established in 2010. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Fort Lauderdale Independence Training & Education Center Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Lauderdale Independence Training & Education Center Inc 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, Fort Lauderdale Independence Training & Education Center Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 27.6% 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
THE MISSION IS TO BE A CENTRAL RESOURCE THAT PREPARES YOUTH TO LEAD SUCCESSFUL LIVES AFTER AGING OUT OF FOSTER CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION, EMPLOYMENT, AND HOUSING SERVICES TO THE TRANSITIONAL INDEPENDENT LIVING YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Frederick Ceo/executive Director | Officer | 40 | $127,716 |
Joey Epstein Treasurer | OfficerTrustee | 2 | $0 |
Max Rudolf Chair | OfficerTrustee | 2 | $0 |
Kandace Lesher Vice Chair | OfficerTrustee | 2 | $0 |
Jennifer Whittington Secretary | OfficerTrustee | 2 | $0 |
Tom Loffredo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $64,063 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,183 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,294,240 |
| Noncash contributions included in lines 1a–1f | $71,722 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,715,486 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,639 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,790,852 |
| 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. | $131,707 |
| Compensation of current officers, directors, key employees. | $15,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,407 |
| Pension plan accruals and contributions | $20,295 |
| Other employee benefits | $90,439 |
| Payroll taxes | $112,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,169 |
| Advertising and promotion | $45,937 |
| Office expenses | $77,603 |
| Information technology | $11,660 |
| Royalties | $0 |
| Occupancy | $211,563 |
| Travel | $26,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,382 |
| Insurance | $5,408 |
| All other expenses | $0 |
| Total functional expenses | $2,668,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,333 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $352,105 |
| 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 | $45,198 |
| Net Land, buildings, and equipment | $138,467 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,229 |
| Total assets | $895,332 |
| Accounts payable and accrued expenses | $160,564 |
| 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 | $0 |
| Other liabilities | $434,750 |
| Total liabilities | $595,314 |
| Net assets without donor restrictions | $300,018 |
| 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 | $895,332 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Fort Lauderdale Independence Training & Education Center Inc has recieved totaling $624,988.
| Awarding Organization | Amount |
|---|---|
The Frederick A Deluca Foundation Inc Pompano Beach, FL PURPOSE: TIL EMERGENCY LANDING SPACE | $300,000 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL PURPOSE: CAREER PATHWAYS FOR TRANSITION YOUTH SUCCESS PROGRAM | $100,000 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: ANNUAL DISTRIBUTION | $71,600 |
United Way Of Broward County Fort Lauderdale, FL PURPOSE: General Support | $64,764 |
Broward Behavorial Health Coalition Inc Lauderhill, FL | | $33,333 |
Listen Learn Care Foundation Inc Highland Beach, FL PURPOSE: TO FURTHER CHARITABLE PURPOSE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighbor To Family Daytona Beach, FL | $1,980,728 | $9,839,505 |
Faithbridge Foster Care Inc Alpharetta, GA | $1,803,240 | $7,652,118 |
Georgia Sheriffs Youth Homes Inc Madison, GA | $21,858,053 | $5,380,264 |
Community Connections Inc Stone Mountain, GA | $2,076,544 | $3,338,180 |
Childkind Inc Tucker, GA | $548,950 | $3,322,766 |
Service Management Solutions For Children Inc Gainesville, FL | $2,395,848 | $2,913,355 |
Fort Lauderdale Independence Training & Education Center Inc Fort Lauderdale, FL | $895,332 | $2,790,852 |
Foster Care Review Inc Miami, FL | $567,767 | $1,613,590 |
Make Way Partners Corporation Chelsea, AL | $16,440 | $806,126 |
Hope Youth Ranch Inc Hudson, FL | $2,416,084 | $2,257,707 |
Childrens Hope Montgomery, AL | $1,440,421 | $1,330,525 |
Ready For Life Inc Largo, FL | $401,515 | $1,074,608 |