Futuro Infantil Hispano
- Assets
- $3.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 25
- Location
- West Covina, CA
- Founding
- 10/1994
- Data as of
- 06/2021
- EIN
- 95-4494661
Organization Overview
Futuro Infantil Hispano is located in West Covina, CA. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Futuro Infantil Hispano employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Futuro Infantil Hispano 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 06/2021, Futuro Infantil Hispano generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. 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
FUTURO INFANTIL HISPANO IS A NON-PROFIT FOSTER FAMILY AGENCY DEVOTED TO PROVIDING QUALITY CARE AND WE STRONGLY BELIEVE IN AND SUPPORT FAMILY REUNIFICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUTURO INFANTIL HISPANO IS A NON-PROFIT FOSTER FAMILY AGENCY DEVOTED TO PROVIDING QUALITY CARE AND TO IMPROVE THE LIFE OF CHILDREN THAT HAVE BEEN ABUSED AND ABANDONED. DURING THE REPORTING PERIOD, FUTURO INFANTIL HAS SERVED A TOTAL OF 299 FOSTER CHILDREN AND 65 RESOURCE PARENTS.
FUTURO INFANTIL HISPANO IS A NON-PROFIT FOSTER FAMILY AGENCY DEVOTED TO PROVIDING QUALITY CARE AND TO IMPROVE THE LIFE OF CHILDREN THAT HAVE BEEN ABUSED AND ABANDONED. DURING THE REPORTING PERIOD, FUTURO INFANTIL HAS SERVED A TOTAL OF 299 FOSTER CHILDREN AND 65 RESOURCE PARENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oma Velasco-Rodriguez Exec. Dir. & Pres.(end 2/21) | OfficerTrustee | 40 | $215,906 |
C Lily Olan Administrator | 40 | $121,561 | |
Teri Amirkhan Deputy Administrator | 40 | $112,115 | |
Jose E Tejeda E.d. & Pres.(start 2/21)/v.p. & Cont. | OfficerTrustee | 40 | $109,805 |
Cristina M Martinez-Thompson Vice President | OfficerTrustee | 2 | $0 |
Irmina Jimenez Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,254,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,257,967 |
| Total Program Service Revenue | $0 |
| Investment income | $30 |
| 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 | $4,257,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,958,653 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,727 |
| Compensation of current officers, directors, key employees. | $92,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,081,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,262 |
| Payroll taxes | $92,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,930 |
| Advertising and promotion | $0 |
| Office expenses | $59,619 |
| Information technology | $22,819 |
| Royalties | $0 |
| Occupancy | $321,342 |
| Travel | $14,794 |
| 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 | $2,661 |
| Insurance | $186,712 |
| All other expenses | $0 |
| Total functional expenses | $4,362,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,613,172 |
| Savings and temporary cash investments | $295,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $396,874 |
| 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 | $109,256 |
| Net Land, buildings, and equipment | $1,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,306 |
| Total assets | $3,430,334 |
| Accounts payable and accrued expenses | $737,525 |
| 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 | $737,525 |
| Net assets without donor restrictions | $2,650,144 |
| Net assets with donor restrictions | $42,665 |
| 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 | $3,430,334 |
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