Overview
What is Fidelis Educational Net Inc?
Fidelis Educational Net Inc is a U.S.-based organization, with its operations addressed in Houston, Texas. The primary mission of this nonprofit is to support educational and vocational programs aimed at combating poverty in both rural and urban areas. They achieve this by funding Mexican subsidiaries, which are disregarded companies such as Atlantic Commerce Company I, LLC, Forest Company, LLC, Genesis Company I, LLC, and Optimus Company I, LLC. These subsidiaries manage real estate housing elementary and high schools across Mexico. Fidelis Educational Net Inc's charitable activities include granting funds to Section 501(C)(3) exempt organizations and engaging in activities that promote education, hygiene instruction, vocational training, and spiritual programs to enhance educational opportunities and levels. Despite not having any program activities during the year, Fidelis Educational Net Inc continues its commitment to supporting educational initiatives in Mexico and the United States.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (27% on Charity Navigator)
Fidelis Educational Net Inc has received a concerning Zero-Star out of Four Star rating from Charity Navigator, primarily due to its low Accountability & Finance score of 27%. This rating reflects significant issues in financial transparency, as the charity has not provided essential financial statements, among other missing governance policies. The absence of these documents raises questions about its financial practices and overall management.
Despite a fully independent board and compliance with certain financial structures—such as no loans to or from officers—the nonprofit falls short in demonstrating effective program execution. Notably, the Program Expense Ratio is reported at 0.00%, indicating a lack of investment in its programs, which is critical for gauging its impact and effectiveness.
Unfortunately, no user reviews were available from GreatNonprofits to provide additional insights into community sentiment about the organization. Overall, prospective donors and supporters should exercise caution, given the significant gaps in accountability and financial reporting highlighted by Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Fidelis Educational Net Inc legitimate?
Fidelis Educational Net Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fidelis Educational Net Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fidelis Educational Net Inc?
Fidelis Educational Net Inc is committed to supporting organizations that meet the criteria of exempt organizations under Section 501(C)(3) of the Internal Revenue Code and Section 11.18 of the Texas Tax Code. Their primary objective is to engage in charitable activities, with a focus on combating poverty in both rural and urban areas. They achieve this by aiding charitable organizations that provide educational programs, hygiene instruction, vocational training, and spiritual programs. Additionally, Fidelis Educational Net Inc aims to promote better and higher levels of education by funding schools for the acquisition of necessary equipment and construction of facilities.
Who is the CEO of Fidelis Educational Net Inc?
Eduardo Vigneaux is the President of Fidelis Educational Net Inc.
What is the revenue of Fidelis Educational Net Inc?
Fidelis Educational Net Inc's revenue in 2022 was $6,974,877.
Who are the executives of Fidelis Educational Net Inc and what are their salaries?
There 5 volunteers at Fidelis Educational Net Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Fidelis Educational Net Inc?
Fidelis Educational Net Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fidelis Educational Net Inc
Fidelis Educational Net Inc is an organization committed to making distributions to and engaging in charitable activities that align with exempt organizations under Section 501(C)(3) of the Internal Revenue Code and Section 11.18 of the Texas Tax Code. Its primary mission is to combat rural and urban poverty by aiding charitable organizations that offer educational programs, hygiene instruction, vocational training, and spiritual programs. By doing so, Fidelis Educational Net Inc aims to promote better and higher levels of education, funding schools for the acquisition of necessary equipment and the construction of facilities. This nonprofit organization's mission is geared towards empowering communities, fostering growth, and enhancing the educational opportunities available to individuals, ultimately contributing to the betterment of society.
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Impact
July, 2024
Fidelis Educational Net Inc's impact is primarily focused on combating rural and urban poverty through educational and vocational programs in Mexico. By funding elementary and high schools through Mexican subsidiaries, Fidelis Educational Net contributes to providing educational opportunities and improving the quality of education for those in need. This endeavor aligns with their mission of aiding charitable organizations that offer educational programs, vocational training, and other essential services to combat poverty. Through their support, Fidelis Educational Net plays a crucial role in promoting better education standards and opportunities for individuals in Mexico.
This information is meant to be a general summary of Fidelis Educational Net Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $6,974,877
Assets and Liabilities:
- Total Assets: $126,974,832
- Total Liabilities: $3,007,453
- Net Assets: $123,967,379
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Organization Details
Founding Year
2007
Phone
(281) 759-6774Principal Officer
Eduardo Vigneaux
Main Address
C/O R CASTRO 12335 SHADOWHOLLOW DR, HOUSTON, TX, 77082
NTEE Category
Code: Q30 - International
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