Future Leaders Institute Charter School
- Assets
- $6.5m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 69
- Location
- New York, NY
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 20-2633976
Organization Overview
Future Leaders Institute Charter School is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Future Leaders Institute Charter School employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Leaders Institute Charter School 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 06/2022, Future Leaders Institute Charter School generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 0.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DELIVER A RICH AND RIGOROUS EDUCATIONAL EXPERIENCE IN ORDER TO DEVELOP ACADEMICALLY HIGH-PERFORMING STUDENTS WITH THE LEADERSHIP, CHARACTER, AND KNOWLEDGE TO ACHIEVE SUCCESS IN HIGH SCHOOL AND BEYOND BY FOCUSING ON A CULTURE OF ACADEMIC ACHIEVEMENT, RESPECT, SELF-DISCOVERY, AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE ACADEMICS: FLI PROVIDES RIGOROUS ACADEMIC INSTRUCTION THROUGH THEUSE OF EFFECTIVE INSTRUCTIONAL STRATEGIES. OUR TEACHERS FOLLOWASSESSMENT-DRIVEN INSTRUCTION BASED ON FORMAL AND INFORMAL EVALUATIONSOF INDIVIDUAL STUDENTS' ACADEMIC NEEDS AND STRENGTHS. FLI'S COREPROGRAM INCLUDES LITERACY, MATHEMATICS, SOCIAL STUDIES, AND SCIENCE.CERTAIN STUDENTS ALSO RECEIVE COUNSELING AS A PART OF THE CORE PROGRAM.EXTENDED DAY: ALL STUDENTS IN GRADE KINDERGARTEN THROUGH 8TH HAVE THEOPPORTUNITY TO PARTICIPATE IN OUR EXTENDED DAY PROGRAM WHICH PROVIDESENRICHING CLASSES FROM 2:30PM TO 4:45PM. THE EXTENDED DAY PROGRAMPROVIDES STUDENTS WITH EXPOSURE TO THE PERFORMING ARTS, VISUAL ARTS,AND PHYSICAL EDUCATION, WHILE BUILDING ON STUDENTS' CHARACTER,SELF-DISCIPLINE, AND SELF-ESTEEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Deak Jaros Co-Chair | OfficerTrustee | 1 | $0 |
Rudolph Austin Treasurer | OfficerTrustee | 1 | $0 |
Katherine Brown Secretary | OfficerTrustee | 1 | $0 |
Jon Drucker Trustee | Trustee | 1 | $0 |
Ross Harold Trustee | Trustee | 1 | $0 |
Jay Hatfield Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boys & Girls Harbor Inc Educational Consultant | 6/29/18 | $154,688 |
Fit 4 Life Nyc Llc Educational Consultant | 6/29/18 | $132,645 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,455,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,473,024 |
| Total Program Service Revenue | $6,233,526 |
| Investment income | $1,967 |
| 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 | $7,709,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $408,003 |
| Compensation of current officers, directors, key employees. | $81,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,626,590 |
| Pension plan accruals and contributions | $311,506 |
| Other employee benefits | $788,123 |
| Payroll taxes | $299,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,025 |
| Fees for services: Accounting | $231,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,579 |
| Office expenses | $240,192 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $75,338 |
| Insurance | $83,600 |
| All other expenses | $0 |
| Total functional expenses | $6,589,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,903 |
| Savings and temporary cash investments | $5,302,244 |
| Pledges and grants receivable | $916,332 |
| Accounts receivable, net | $1,070 |
| 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 | $33,002 |
| Net Land, buildings, and equipment | $121,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,467,159 |
| Accounts payable and accrued expenses | $479,129 |
| Grants payable | $0 |
| Deferred revenue | $84,312 |
| 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 | $1,353,431 |
| Total liabilities | $1,916,872 |
| Net assets without donor restrictions | $4,550,287 |
| Net assets with donor restrictions | $0 |
| 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 | $6,467,159 |