Future Leaders Of America
- Assets
- $2.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Oxnard, CA
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 77-0071036
Organization Overview
Future Leaders Of America is located in Oxnard, CA. The organization was established in 1997. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Future Leaders Of America employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Leaders Of America 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, Future Leaders Of America generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 32.3% per year over the past 8 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 ORGANIZATION'S MISSION IS TO PROVIDE LEADERSHIP TRAINING, EDUCATION & PERSONAL DEVELOPMENT OPPORTUNITIES FOR LATINO YOUTHS, & TO FOSTER AWARENESS & PARTICIPATION IN RESPONSIBLE LEADERSHIP IN A GLOBAL & DEMOCRATIC SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMP, SCHOOL AND COMMUNITY-BASED PROGRAMS THAT FOSTER EDUCATION, LEADERSHIP TRAINING AND PERSONAL DEVELOPMENT FOR LATINO YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Araiza Board Chair | OfficerTrustee | 3 | $0 |
Eric Gonzalez Secretary | OfficerTrustee | 3 | $0 |
Maria Elena Plaza Treasurer | OfficerTrustee | 3 | $0 |
Vianey Lopez Director | Trustee | 1 | $0 |
Eunice Gonzalez Director | Trustee | 1 | $0 |
Maricela Morales Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,797 |
| Related organizations | $0 |
| Government grants | $596,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,820,469 |
| Noncash contributions included in lines 1a–1f | $2,929 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,467,947 |
| Total Program Service Revenue | $0 |
| Investment income | $437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$50,365 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,418,019 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $52,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $789,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,660 |
| Payroll taxes | $73,757 |
| 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 | $257,459 |
| Advertising and promotion | $0 |
| Office expenses | $35,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,573 |
| Travel | $87,145 |
| 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 | $0 |
| Insurance | $10,784 |
| All other expenses | $0 |
| Total functional expenses | $2,004,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,629,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $871,990 |
| 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 | $24,918 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,531,632 |
| Accounts payable and accrued expenses | $29,472 |
| 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 | $0 |
| Total liabilities | $29,472 |
| Net assets without donor restrictions | $1,210,843 |
| Net assets with donor restrictions | $1,291,317 |
| 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 | $2,531,632 |