Fastrack Institute Inc
- Assets
- $7.0k
- Revenue
- $6.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Key Biscayne, FL
- Founding
- 02/2017
- Data as of
- 12/2020
- EIN
- 81-1870680
Organization Overview
Fastrack Institute Inc is located in Key Biscayne, FL. The organization was established in 2017. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fastrack Institute 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 12/2020, Fastrack Institute Inc generated $6.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (69.4%) each year. All expenses for the organization totaled $28.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
FTI RECEIVED A GRANT TO BE USED IN SUBCONTRACTING A BLOCKCHAIN BASED CONSULTING ON THE OIL SPILL OFF THE COAST OF THE ISLAND MAURITIUS IN THE AMOUNT OF $ 66,000 FROM SCHWAB FOUNDATION. OF THESE FUNDS, FTI KEEP $6,000 AND NEED TO SEND $ 60,000 TO THE SUBCONTRACTOR FLUIDCHAIN, A COMPANY WITHIN THE GROUP OF OPEN EXO,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodrigo Arboleda CEO | 0 | $0 | |
Maurice R Ferre Director | 0 | $0 | |
Salim Ismail Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brad Templeton | 12/30/19 | $77,000 |
Carolina Pina | 12/30/19 | $70,357 |
Marcus Shingles | 12/30/19 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $104 |
| Taxes | $6,043 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $46 |
| Printing and publications | $0 |
| Other expenses | $9,074 |
| Total operating and administrative expenses | $28,151 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $28,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,456 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $561 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,017 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $60,122 |
| Total liabilities | $60,122 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fastrack Institute Inc has recieved totaling $66,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $66,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rafiki Foundation Incorporated Eustis, FL | $23,488,735 | $10,619,159 |
Management Technologies International Inc Newnan, GA | $8,681,139 | $7,735,276 |
Africas Childrens Fund Inc Atlanta, GA | $1,359,595 | $6,304,288 |
Clean The World Foundation Inc Orlando, FL | $2,032,726 | $4,992,352 |
Project Medishare For Haiti Inc Miami, FL | $1,397,572 | $3,198,205 |
Educate Tomorrow Corp Miami Beach, FL | $557,417 | $2,783,703 |
Alfalit International Inc Doral, FL | $2,037,068 | $2,969,351 |
Hoi Inc Alpharetta, GA | $4,552,861 | $2,154,155 |
Childspring International Inc Atlanta, GA | $309,716 | $1,626,503 |
Childrens Wish Foundation International Inc Atlanta, GA | $676,195 | $963,209 |
Partners For Care Inc Alpharetta, GA | $302,228 | $1,318,430 |
Southern Institute For Appropriate Technology Lineville, AL | $2,273,362 | $1,411,428 |