Overview
What is Futuro Academy Incorporated?
Futuro Academy Incorporated is a nonprofit organization situated in Las Vegas, Nevada, specifically at 920 N Lamb Boulevard. Their primary mission is to educate and facilitate the academic growth of students from kindergarten to fourth grade, with the ultimate goal of preparing them to excel in high school and further their studies at the university of their choice. The organization, with a workforce of 52 employees, is committed to achieving this goal through rigorous academic programs and fostering personal excellence. Futuro Academy serves approximately 485 students, providing them with a solid foundation for their future academic pursuits.
Official website here: www.futuroacademylv.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Star rating
Futuro Academy Incorporated received an 81% score from Charity Navigator, indicating a solid performance in terms of accountability and finance. The score reflects a comprehensive evaluation of the organization's fiscal management, with a perfect score achieved in various governance areas, including board independence and financial oversight. This strong score suggests effective management practices, contributing to the organization's overall credibility and reliability.
The organization showcases a strong commitment to transparency, as evidenced by its independent board members and robust conflict of interest and whistleblower policies. Additionally, the program expense ratio of 83.02% indicates that a significant portion of their budget is directed towards program services, which is a positive sign for donors interested in the impact of their contributions. The inclusion of detailed financial disclosures enhances trust in their operational integrity.
However, while the financial management appears sound, the summary does not provide insights into program effectiveness or long-term impact, which are critical aspects for potential donors to consider. Additionally, the compensation for key personnel, though available, might raise questions for supporters regarding salary allocations within the organization. Overall, Futuro Academy demonstrates strong governance but would benefit from improved transparency regarding its program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Futuro Academy Incorporated legitimate?
Futuro Academy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Futuro Academy Incorporated 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: $152,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,935,501
For more financial information, click here
Official website here: www.futuroacademylv.org/
What is the mission statement of Futuro Academy Incorporated?
Futuro Academy Incorporated's mission is centered around education, aiming to equip all students from kindergarten to fourth grade with the skills necessary to excel through middle school, high school, and ultimately, into their preferred university. This is achieved through a rigorous academic curriculum and a focus on personal excellence. The organization's primary goal is to ensure that every scholar reaches their full potential in their academic journey. As of the provided information, Futuro Academy Incorporated served approximately 485 students.
Official website here: www.futuroacademylv.org/
Who is the CEO of Futuro Academy Incorporated?
Ignacio Prado is the Chair of Futuro Academy Incorporated.
Official website here: www.futuroacademylv.org/
What is the revenue of Futuro Academy Incorporated?
Futuro Academy Incorporated's revenue in 2022 was $5,415,455.
Official website here: www.futuroacademylv.org/
Who are the executives of Futuro Academy Incorporated and what are their salaries?
The average compensation at Futuro Academy Incorporated during 2022 was $40,155. There are 52 employees and 20 volunteers at Futuro Academy Incorporated.
Here are 7 key members and their salaries:
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- Compensation: $109,732
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- Other: $40,000
Official website here: www.futuroacademylv.org/
Where can I find the form 990 for Futuro Academy Incorporated?
Futuro Academy Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.futuroacademylv.org/
Learn more at the official website: www.futuroacademylv.org/
Mission Statement of Futuro Academy Incorporated
Futuro Academy Incorporated is committed to educating all scholars, empowering them to excel beyond grade school and into the university of their choice. This mission is achieved through a rigorous academic curriculum and an emphasis on personal excellence. The organization's educational approach is designed to prepare students in kindergarten through fourth grade for success in middle school, high school, and beyond. By focusing on academic rigor and personal development, Futuro Academy aims to equip its scholars with the skills and knowledge they need to pursue their higher education goals.
In practice, Futuro Academy's mission translates into a comprehensive educational program that fosters academic growth and personal development. The organization provides education to approximately 485 students in the primary grades, helping them build a strong foundation for future academic success. By emphasizing rigorous academics and personal excellence, Futuro Academy aims to prepare its scholars for the challenges they will face in their educational journeys. The organization's mission is a testament to its commitment to providing high-quality education to all students, regardless of their background or circumstances.
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Impact
July, 2024
Futuro Academy Incorporated's impact lies in its commitment to providing a high-quality education to approximately 485 students in kindergarten through fourth grade in Las Vegas, NV. Through rigorous academics and a focus on personal excellence, Futuro Academy is shaping the next generation of scholars, preparing them to excel through middle school, high school, and ultimately reach the university of their choice. By instilling a love for learning and fostering academic achievement, Futuro Academy is making a significant difference in the lives of its students and the community as a whole.
This information is meant to be a general summary of Futuro Academy Incorporated. 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.
- Investment Income: $2
- Gross Receipts: $5,415,455
Assets and Liabilities:
- Total Assets: $10,578,691
- Total Liabilities: $10,355,075
- Net Assets: $223,616
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Organization Details
Founding Year
2015
Phone
(702) 331-5515Principal Officer
Ignacio Prado
Main Address
920 N LAMB BOULEVARD, LAS VEGAS, NV, 89110
Website
www.futuroacademylv.org/NTEE Category
Code: B29 - Education
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