Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
990 • Fiscal year 2018 • EIN 81-0731066
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Liabilities / Revenue
55th percentile
Higher debt load relative to revenue than 55% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
42nd percentile
Higher top officer pay than 42% of similar nonprofits.
Top officer pay equals 3.1% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
90th percentile
Faster revenue growth than 90% of similar nonprofits.
Assets
Down$421,654
Down $255,629 (-38%) from 2017
Net Assets
Down$260,948
Down $411,873 (-61%) from 2017
Liabilities
Up$160,706
Up $156,244 (+3502%) from 2017
Revenue
Up$1,355,087
Up $528,995 (+64%) from 2017
Expenses
Up$1,766,960
Up $1,613,689 (+1053%) from 2017
Net Income
Down-$411,873
Down $1,084,694 (-161%) from 2017
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Prepaid Expenses and Deferred Charges | - | $157,397 | - |
| Cash and Non-Interest-Bearing Accounts | $672,491 | $129,571 | ▼ $542,920 |
| Accounts Receivable | $4,792 | $72,501 | ▲ $67,709 |
| Land, Buildings, and Equipment, Net | $0 | $62,185 | ▲ $62,185 |
| Total Assets | $677,283 | $421,654 | ▼ $255,629 |
| Liabilities | |||
| Other Liabilities | $193 | $77,559 | ▲ $77,366 |
| Unsecured Notes Loans Payable | - | $58,000 | - |
| Accounts Payable and Accrued Expenses | $4,269 | $25,147 | ▲ $20,878 |
| Total Liabilities | $4,462 | $160,706 | ▲ $156,244 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $672,821 | $260,948 | ▼ $411,873 |
| Total Net Assets Fund Balance | $672,821 | $260,948 | ▼ $411,873 |
| Total Liabilities and Net Assets / Fund Balance | $677,283 | $421,654 | ▼ $255,629 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $33,031 | $2,359 | $35,390 |
| Buildings | $19,593 | $1,589 | $21,182 |
| Leasehold Improvements | $9,561 | $478 | $10,039 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Ignacio Prado | Executive Director | FT | $37,050 | $5,402 | $42,452 |
| Name | Title |
|---|---|
| Khanh Anderson | President |
| Candice Morales | Trustee |
| Christopher Lujan | Trustee |
| Ela Maria Garcia | Trustee |
| Jorna Clark | Trustee |
| Julio Meza | Trustee |
| Trent Dang | Trustee |
| Jennifer Roberts | Secretary |
| Brian Rosenberg | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,219,573 |
| Salaries, Compensation, and Employee Benefits | $547,387 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $527,847 | - | - | $527,847 |
| Other Salaries and Wages | $398,016 | - | - | $398,016 |
| Fees for Services Other | $168,095 | - | - | $168,095 |
| Information Technology | $121,039 | - | - | $121,039 |
| Office Expenses | $90,046 | - | - | $90,046 |
| Current Officers, Directors, Trustees, and Key Employees | $88,188 | - | - | $88,188 |
| Other Employee Benefits | $39,218 | - | - | $39,218 |
| Payroll Taxes | $21,965 | - | - | $21,965 |
| Insurance | $14,630 | - | - | $14,630 |
| Advertising | - | $12,856 | - | $12,856 |
| Other Expenses | $9,603 | - | - | $9,603 |
| Interest | - | $5,346 | - | $5,346 |
| Depreciation Depletion | $4,426 | - | - | $4,426 |
| Total Functional Expenses | $1,748,758 | $18,202 | $0 | $1,766,960 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,766,960 |
| Total Expenses per Audited Statements | $1,766,960 |
| Total Expenses per Form 990 | $1,766,960 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Factored Receivable Liability | $77,559 |
“The tax return is presentented, reviewed, and approved by the board before filing.”
“All procurement was done through a multi-tier bidding rules system which included vendor background components.”
“The executive director compensation was determined as a result of an ad-hoc committee of two board members creating a wage study provided to the board prior to ratifying a contract, and the board received the documentation and agreed to set executive director compensation below market for the initial year of the school's founding due to budget constraints and small school size due to slow growth model of enrollment (fiscal year 2018, i.e. July 1, 2017-june 30, 2018). The contract was ratified at a full board meeting comprising a quorum on june 28, 2017.”
“The organizations governing documents, conflict of interest policy, and financial statements are availiable to the public upon request.”
“The organization has a finance committee who is responsible for the oversight of the audit and the selection of the independent accountant. This is a new process as this was the first year the organization was audited.”
“The school is a non-profit entity exempt from the payment of income taxes under revenue code section 501(c)(3). Accordingly, no provision has been made for income taxes.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 4269 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 25147 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 4792 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 72501 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO EDUCATE ALL SCOLARS TO EXCEL THROUGH GRADE SCHOOL, AND INTO THE UNIVERSITY OF THEIR CHOICE. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 12856 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 12856 |
| IRS990/AllOtherContributionsAmt | 0 | 5947 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | EDTEC |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2132926620 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 811 WILSHIRE BOULEVARD SUITE 1420 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | LOS ANGELES |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 90017 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 672491 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 129571 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 88188 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 88188 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1327198 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 1219573 |
| IRS990/CYOtherRevenueAmt | 0 | 27889 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -411873 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 547387 |
| IRS990/CYTotalExpensesAmt | 0 | 1766960 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1355087 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 4426 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 4426 |
| IRS990/Desc | 0 | THE ORGANIZATION PROVIDED EDUCATION TO APPROXIMATELY 114 STUDENTS IN KINDERGARTEN THROUGH FIRST GRADE. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 12 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1748758 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 168095 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 168095 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 5402 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KHANH ANDERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BRIAN ROSENBERG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JENNIFER ROBERTS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JORNA CLARK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CHRISTOPHER LUJAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JULIO MEZA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CANDICE MORALES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ELA MARIA GARCIA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | TRENT DANG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | IGNACIO PRADO |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 37050 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2015 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GovernmentGrantsAmt | 0 | 1321251 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 1355087 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 121039 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 121039 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 14630 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 14630 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 5346 |
| IRS990/InterestGrp/TotalAmt | 0 | 5346 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 9 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 4426 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 62185 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 66611 |
| IRS990/LegalDomicileStateCd | 0 | NV |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THROUGH 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 672821 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 260948 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 527847 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 527847 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 90046 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 90046 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 39218 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 39218 |
| IRS990/OtherExpensesGrp/Desc | 0 | NON-CAPITALIZED EQUIPME |
| IRS990/OtherExpensesGrp/Desc | 1 | INSTRUCTIONAL MATERIALS |
| IRS990/OtherExpensesGrp/Desc | 2 | FOOD |
| IRS990/OtherExpensesGrp/Desc | 3 | OTHER EXPENSES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 98070 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 97876 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 69739 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 9603 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 98070 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 97876 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 69739 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 9603 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 193 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 77559 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 2 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | E-RATE DISCOUNTS |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | FOOD SERVICES |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | MISC. OTHER LOCAL REVE |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 18000 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 7666 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 2 | 2223 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 18000 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 7666 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 2 | 2223 |
| IRS990/OtherRevenueTotalAmt | 0 | 27889 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 398016 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 398016 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 21965 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 21965 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 157397 |
| IRS990/PrincipalOfficerNm | 0 | IGNACIO PRADO |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 826092 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 153271 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 672821 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 153271 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 826092 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -411873 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 27889 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 19593 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1589 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 21182 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 33031 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 2359 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 35390 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1766960 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 9561 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 478 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 10039 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 77559 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | FACTORED RECEIVABLE LIABILITY |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1355087 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 62185 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1766960 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 77559 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1355087 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1355087 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1766960 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 0 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 0 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | STATUTORY RULES OF NOTICE DUE TO APPLICATION WINDOW IN NEVADA PROVIDES FOR THESE NOTICES, AND ENROLLMENT MATERIALS ARE REVIEWED BY CHARTER AUTHORIZER PRIOR TO RELEASE TO GENERAL PUBLIC. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | FUTURO 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. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 2 | AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES STATE AND FEDERAL FUNDING. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 4 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | SCHEDULE E, PART I, LINE 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE TAX RETURN IS PRESENTENTED, REVIEWED, AND APPROVED BY THE BOARD BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ALL PROCUREMENT WAS DONE THROUGH A MULTI-TIER BIDDING RULES SYSTEM WHICH INCLUDED VENDOR BACKGROUND COMPONENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE EXECUTIVE DIRECTOR COMPENSATION WAS DETERMINED AS A RESULT OF AN AD-HOC COMMITTEE OF TWO BOARD MEMBERS CREATING A WAGE STUDY PROVIDED TO THE BOARD PRIOR TO RATIFYING A CONTRACT, AND THE BOARD RECEIVED THE DOCUMENTATION AND AGREED TO SET EXECUTIVE DIRECTOR COMPENSATION BELOW MARKET FOR THE INITIAL YEAR OF THE SCHOOL'S FOUNDING DUE TO BUDGET CONSTRAINTS AND SMALL SCHOOL SIZE DUE TO SLOW GROWTH MODEL OF ENROLLMENT (FISCAL YEAR 2018, I.E. JULY 1, 2017-JUNE 30, 2018). THE CONTRACT WAS RATIFIED AT A FULL BOARD MEETING COMPRISING A QUORUM ON JUNE 28, 2017. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILIABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION HAS A FINANCE COMMITTEE WHO IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS IS A NEW PROCESS AS THIS WAS THE FIRST YEAR THE ORGANIZATION WAS AUDITED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XII, LINE 2C: |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 677283 |
| IRS990/TotalAssetsEOYAmt | 0 | 421654 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 677283 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 421654 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 1327198 |
| IRS990/TotalEmployeeCnt | 0 | 12 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 18202 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1748758 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1766960 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 4462 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 160706 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 4462 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 160706 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 672821 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 260948 |
| IRS990/TotalOtherCompensationAmt | 0 | 5402 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1748758 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 37050 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 27889 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1355087 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 20 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 677283 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 421654 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 672821 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 260948 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 58000 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 920 N LAMB BOULEVARD |
| IRS990/USAddress/CityNm | 0 | LAS VEGAS |
| IRS990/USAddress/StateAbbreviationCd | 0 | NV |
| IRS990/USAddress/ZIPCd | 0 | 89110 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | HTTP://FUTUROACADEMYLV.ORG/ |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | IGNACIO PRADO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7023315515 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-05-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FUTURO ACADEMY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FUTU |
| ReturnHeader/Filer/EIN | 0 | 810731066 |
| ReturnHeader/Filer/PhoneNum | 0 | 7023315515 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 33007 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LAS VEGAS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NV |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 89133 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.