Civic Intelligence

Futuro Academy Incorporated

990 • Fiscal year 2017 • EIN 81-0731066

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 24, 2018

Organization ProfileFUTUROACADEMYLV.ORG
PO Box 33007Las Vegas, NV 89133

(702) 331-5515

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.01x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

33rd percentile

0.01x

Higher debt load relative to revenue than 33% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets36th percentile

Assets

$677,283

No earlier filing loaded for comparison.

Net Assets

$672,821

No earlier filing loaded for comparison.

Liabilities

$4,462

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin97th percentile

Revenue

$826,092

No earlier filing loaded for comparison.

Expenses

$153,271

No earlier filing loaded for comparison.

Net Income

$672,821

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$10M$0-$10MAssets 2017: $677,283Liabilities 2017: $4,462Net Assets 2017: $672,8212017Assets 2018: $421,654Liabilities 2018: $160,706Net Assets 2018: $260,9482018Assets 2019: $1,370,017Liabilities 2019: $1,379,601Net Assets 2019: -$9,5842019Assets 2020: $2,324,828Liabilities 2020: $2,338,364Net Assets 2020: -$13,5362020Assets 2021: $2,952,279Liabilities 2021: $2,735,275Net Assets 2021: $217,0042021Assets 2022: $10,578,691Liabilities 2022: $10,355,075Net Assets 2022: $223,6162022Assets 2023: $10,684,774Liabilities 2023: $11,353,187Net Assets 2023: -$668,4132023Assets 2024: $9,924,340Liabilities 2024: $11,174,155Net Assets 2024: -$1,249,8152024Assets 2025: $16,171,630Liabilities 2025: $18,246,312Net Assets 2025: -$2,074,6822025

Highlighted filing

2017

Assets$677,283
Liabilities$4,462
Net Assets$672,821
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2017: $826,092Expenses 2017: $153,271Net Income 2017: $672,8212017Revenue 2018: $1,355,087Expenses 2018: $1,766,960Net Income 2018: -$411,8732018Revenue 2019: $2,515,708Expenses 2019: $2,786,240Net Income 2019: -$270,5322019Revenue 2020: $3,223,865Expenses 2020: $3,227,817Net Income 2020: -$3,9522020Revenue 2021: $4,245,726Expenses 2021: $4,015,186Net Income 2021: $230,5402021Revenue 2022: $5,415,455Expenses 2022: $5,408,843Net Income 2022: $6,6122022Revenue 2023: $5,360,916Expenses 2023: $6,252,945Net Income 2023: -$892,0292023Revenue 2024: $6,889,569Expenses 2024: $7,470,971Net Income 2024: -$581,4022024Revenue 2025: $7,118,071Expenses 2025: $7,942,938Net Income 2025: -$824,8672025

Highlighted filing

2017

Revenue$826,092
Expenses$153,271
Net Income$672,821
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 24, 2018
Return Version
2016v3.0
Gross Receipts
$826,092
Mission and Program Overview

Mission

Through rigorous academics and personal excellence, Futuro Academy educates all K-5 scholars to excel through middle school into high school, and to the university of their choice.

To educate all scolars to excel through grade school, and into the university of their choice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$672,491-
Accounts Receivable-$4,792-
Total Assets$0$677,283▲ $677,283
Liabilities
Accounts Payable and Accrued Expenses-$4,269-
Other Liabilities$0$193▲ $193
Total Liabilities$0$4,462▲ $4,462
Net Assets / Fund Balance
Unrestricted Net Assets-$672,821-
Total Net Assets Fund Balance$0$672,821▲ $672,821
Total Liabilities and Net Assets / Fund Balance$0$677,283▲ $677,283
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Khanh AndersonPresident
Candice MoralesTrustee
Christopher LujanTrustee
Jennifer RobertsTrustee
Jorna ClarkTrustee
Julio MezaTrustee
Jessica WalshSecretary
Brian RosenbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$826,092
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$672,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,271
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$110,412-$110,412
Advertising-$10,300-$10,300
Office Expenses-$5,578-$5,578
Information Technology-$3,883-$3,883
Insurance-$1,416-$1,416
Other Expenses-$93-$93
Total Functional Expenses$0$153,271$0$153,271
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The tax return is presentented, reviewed, and approved by the board before filing.”

Form 990, Part VI, Section B, Line 12C

“All procurement was done through a multi-tier bidding rules system which included vendor background components.”

Form 990, Part VI, Section C, Line 19

“The organizations governing documents, conflict of interest policy, and financial statements are availiable to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Futuro Academy
EIN
81-0731066
Phone
7023315515
Address
PO BOX 33007, LAS VEGAS, NV 89133

Signing Officer

Name
Ignacio Prado
Title
Executive Director
Phone
7023315515
Signed
2018-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ignacio Prado
Formed
2015
Legal Domicile
Nv
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick Debruyne CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional educational services: program service expenses 0. Management and general expenses 90,875. Fundraising expenses 0. Total expenses 90,875. Other professional services: program service expenses 0. Management and general expenses 13,062. Fundraising expenses 0. Total expenses 13,062. Marketing services: program service expenses 0. Management and general expenses 6,475. Fundraising expenses 0. Total expenses 6,475.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THROUGH RIGOROUS ACADEMICS AND PERSONAL EXCELLENCE, FUTURO ACADEMY EDUCATES ALL K-8 SCHOLARS TO EXCEL THROUGH MIDDLE SCHOOL INTO HIGH SCHOOL, AND TO THE UNIVERSITY OF THEIR CHOICE.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FUTURO ACADEMY IS A NON-PROFIT PUBLIC CHARTER SCHOOL AND DOES NOT CHARGE TUITION OR FEES, AND AS SUCH HAS NO SCHOLARHIP PROGRAMS OR FINANCIAL ASSISTANCE PROGRAMS FOR WHICH TO MAINTAIN RECORDS OF.
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0IGNACIO PRADO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07023315515
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-24
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ReturnHeader/Filer/PhoneNum07023315515
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 33007
ReturnHeader/Filer/USAddress/CityNm0LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089133
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DD1900FDA603065F476E18D02785DCCAF112DACF
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02018-10-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm015:13:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 EAST ROUTE 66
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091740
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DERRICK DEBRUYNE CPA
ReturnHeader/ReturnTs02018-11-05T10:02:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$677,283
Liabilities
$4,462
Net assets
$672,821
Revenue
$826,092
Expenses
$153,271
Net income
$672,821
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.2$18.2$2.07$7.12$7.94$0.82
2024Detailed filing. Detailed filing data is available for this year.$9.92$11.2$1.25$6.89$7.47$0.58
2023Detailed filing. Detailed filing data is available for this year.$10.7$11.4$0.67$5.36$6.25$0.89
2022Detailed filing. Detailed filing data is available for this year.$10.6$10.4$0.22$5.42$5.41$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$2.74$0.22$4.25$4.02$0.23
2020Detailed filing. Detailed filing data is available for this year.$2.32$2.34$0.01$3.22$3.23$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.37$1.38$0.01$2.52$2.79$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.42$0.16$0.26$1.36$1.77$0.41
2017Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.67$0.83$0.15$0.67