El Futuro
- Assets
- $4.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 57
- Location
- Durham, NC
- Founding
- 06/2005
- Data as of
- 06/2022
- EIN
- 80-0122334
Organization Overview
El Futuro is located in Durham, NC. The organization was established in 2005. According to its NTEE Classification (F32) the organization is classified as: Community Mental Health Centers, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, El Futuro employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Futuro 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 06/2022, El Futuro generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 28.7% 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL SERVICES. WE PROVIDE OUTPATIENT MENTAL HEALTH TREATMENT, INCLUDING THERAPY, PSYCHIATRY, SUBSTANCE USE, CASE MANAGEMENT, AND GROUP PROGRAMS, TO LATINO INDIVIDUALS IN CENTRAL NC. FY22 SERVICE ACCOMPLISHMENTS INCLUDED:(1)SERVICES PROVIDED TO 2,102 INDIVIDUALS;(2)13,744 TREATMENT SESSIONS PROVIDED; AND(3)74% OF INDIVIDUALS SERVED EXPERIENCED CLINICAL AND/OR FUNCTIONAL IMPROVEMENTS OR STABILIZATION.
TRAINING, EDUCATION, & CONSULTATION SERVICES (TECS). TRAINING, TECHNICAL ASSISTANCE, AND CAPACITY BUILDING SUPPORT FOR OTHER MENTAL HEALTH AND ALLIED PROFESSIONALS SERVING LATINO FAMILIES AROUND THE STATE IN ORDER TO BUILD THE WORKFORCE IN A FIELD WITH A CRITICAL SHORTAGE, REDUCE ISOLATION AND BURNOUT, AND ULTIMATELY IMPROVE LATINO MENTAL HEALTH OUTCOMES. FY22 ACCOMPLISHMENTS INCLUDE:(1)THE VIRTUAL COMMUNITY OF LEARNING GREW TO OVER 1,300 MEMBERS;(2)831 INDIVIDUALS PARTICIPATED IN WEBINARS, CASE CONSULTATIONS, AND/OR TECHNICAL ASSISTANCE / CONSULTATION ACTIVITIES;(3)30 PROFESSIONALS COMPLETED A LEARNING COHORT SERIES AND ASSOCIATED, TANGIBLE CAPSTONE PROJECTS TO IMPROVE LATINO MENTAL HEALTH THROUGHOUT THE STATE; AND(4)94.7% OF PARTICIPATING PROVIDERS INDICATED IMPROVED COMPETENCIES / SKILLS IN SERVING LATINO FAMILIES.
COMMUNITY ENGAGEMENT SERVICES. WE PROVIDE OPPORTUNITIES FOR COMMUNITY MEMBERS TO ENGAGE WITH EACH OTHER AND OTHER COMMUNITY RESOURCES, REDUCE ISOLATION, CELEBRATE VIBRANT IDENTITIES, AND BOOST ETHNIC PRIDE - ALL OF WHICH BOOST PROTECTIVE FACTORS FOR MENTAL HEALTH AND THEREFORE HELP TO PREVENT MORE SIGNIFICANT CHALLENGES IN THE FUTURE. FY22 ACCOMPLISHMENTS INCLUDE:(1)9 COMMUNITY FIESTAS WERE HELD;(2)1,724 INDIVIDUALS ATTENDED COMMUNITY FIESTAS; AND(3)6 PARTNERSHIPS WERE ESTABLISHED OR STRENGTHENED FOR FURTHER COMMUNITY ENGAGEMENT OPPORTUNITIES IN OUR THERAPEUTIC GREEN SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Smith Executive Director | Officer | 40 | $196,687 |
Cecilia Ordonez Psychiatrist | 40 | $184,236 | |
Kerry Brock Director Of Advancement & Str | 40 | $112,253 | |
Manuel Manny Nieto Member | Trustee | 2 | $0 |
Karlina Matthews Member | Trustee | 2 | $0 |
Wayne Holden Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,041,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,116,087 |
| Noncash contributions included in lines 1a–1f | $23,736 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,157,265 |
| Total Program Service Revenue | $979,774 |
| Investment income | $4,545 |
| 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 | $5,141,652 |
| 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. | $205,534 |
| Compensation of current officers, directors, key employees. | $30,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,494,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $256,525 |
| Payroll taxes | $190,363 |
| 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 | $189,808 |
| Advertising and promotion | $0 |
| Office expenses | $130,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $260,932 |
| Travel | $15,027 |
| 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 | $48,535 |
| Insurance | $36,847 |
| All other expenses | $15,809 |
| Total functional expenses | $4,133,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,247 |
| Savings and temporary cash investments | $2,755,875 |
| Pledges and grants receivable | $776,555 |
| Accounts receivable, net | $85,591 |
| 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 | $58,723 |
| Net Land, buildings, and equipment | $347,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,256,977 |
| Accounts payable and accrued expenses | $370,889 |
| 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 | $370,889 |
| Net assets without donor restrictions | $2,572,180 |
| Net assets with donor restrictions | $1,313,908 |
| 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 | $4,256,977 |