Fort Lauderdale Independence Training & Education Center Inc
- Assets
- $1.9m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 08/2010
- Data as of
- 12/2022
- 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. 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 12/2022, Fort Lauderdale Independence Training & Education Center Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 21.7% per year over the past 4 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
2022
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 |
|---|---|---|---|
Max Rudolf Chair | OfficerTrustee | 2 | $0 |
Kandace Lesher Vice Chair | OfficerTrustee | 2 | $0 |
Craig Goldfarb Director | OfficerTrustee | 2 | $0 |
Jennifer Whittington Secretary | OfficerTrustee | 2 | $0 |
Tom Loffredo Director | Trustee | 2 | $0 |
Sandy Harris Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $97,116 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,716,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,411,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,225,103 |
| Total Program Service Revenue | $0 |
| Investment income | $5,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,664 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,466 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,314,183 |
| 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 | $2,577,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $105,823 |
| Advertising and promotion | $35,436 |
| Office expenses | $109,299 |
| Information technology | $46,511 |
| Royalties | $0 |
| Occupancy | $266,172 |
| Travel | $68,296 |
| 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 | $40,430 |
| Insurance | $10,925 |
| All other expenses | $0 |
| Total functional expenses | $3,974,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,298 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $576,660 |
| 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 | $5,534 |
| Net Land, buildings, and equipment | $98,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $538,829 |
| Total assets | $1,853,358 |
| Accounts payable and accrued expenses | $306,501 |
| 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 | $940,483 |
| Total liabilities | $1,246,984 |
| Net assets without donor restrictions | $606,374 |
| 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 | $1,853,358 |