Center For Future Global Leaders
- Assets
- $43.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Irvine, CA
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 20-4140314
Organization Overview
Center For Future Global Leaders is located in Irvine, CA. The organization was established in 2009. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2023, Center For Future Global Leaders employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Future Global Leaders 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 12/2023, Center For Future Global Leaders generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SCHOLARSHIPS AND EDCATIONAL SERVICES TO POOR AND IMMIGRANT STUDENTS IN THE USA AND OTHER PARTS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL SERVICES PROVIDING EDUCATIONAL SERVICES TO UNDERPRIVILEGED STUDENTS.
MANAGEMENT AND ADMINISTRATION
PROVIDING EDUCATIONAL SERVICES SCHOLARSHIPS TO UNDERPRIVILEGED STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jong H Park | OfficerTrustee | 10 | $0 |
Steven Park | Officer | 10 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $127,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,000 |
| Total Program Service Revenue | $879,645 |
| Investment income | $0 |
| 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 | $1,023,145 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $463,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $657,501 |
| Advertising and promotion | $0 |
| Office expenses | $6,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,777 |
| Travel | $19,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,430 |
| Interest | $8,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,021 |
| Insurance | $29,013 |
| All other expenses | $0 |
| Total functional expenses | $1,267,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,395 |
| Net Land, buildings, and equipment | $12,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,681 |
| Accounts payable and accrued expenses | $68 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $250,000 |
| Other liabilities | $0 |
| Total liabilities | $250,068 |
| Net assets without donor restrictions | -$206,387 |
| 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 | $43,681 |
Grants Awarded
Over the last fiscal year, Center For Future Global Leaders has awarded $99,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ELITE OF RH PURPOSE: Education of underpreviledged | $10,000 |
EEI SCHOOL OF MUSIC PURPOSE: Education of underpreviledged | $68,000 |
RHEMA EVENGELICAL PURPOSE: Education of underpreviledged | $21,000 |