Fidelis Educational Net Inc
- Assets
- $120.2m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 42-1747258
Organization Overview
Fidelis Educational Net Inc is located in Houston, TX. The organization was established in 2008. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fidelis Educational Net Inc 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 12/2021, Fidelis Educational Net Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $178.5k during the year ending 12/2021. While expenses have increased by 1.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III AND ATTACHMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTITY OWNS REAL ESTATE THAT HOUSES ELEMENTARY AND HIGH SCHOOLS AROUND MEXICO. THE REAL ESTATE IS OWNED BY MEXICAN ENTITIES WHICH ARE SUBSIDIARIES OF FOUR DISREGARDED COMPANIES: ATLANTIC COMMERCE COMPANY I, LLC, FOREST COMPANY, LLC, GENESIS COMPANY I, LLC, AND OPTIMUS COMPANY I, LLC. THESE DISREGARDED ENTITIES ARE REPORTED ON PART X AS PROGRAM INVESTMENTS. BY FUNDING THESE MEXICAN SUBSIDIARIES, FIDELIS EDUCATIONAL NET CARRIES ITS MISSION OF COMBATING RURAL AND URBAN POVERTY WITH EDUCATIONAL AND VOCATIONAL PROGRAMS. ORGANIZATION DID NOT HAVE PROGRAM ACTIVITIES DURING THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sylvester Heereman President | OfficerTrustee | 2 | $0 |
Jose Gerardo Cardenas Treasurer | OfficerTrustee | 2 | $0 |
Eduardo Robles-Gil Vicepresident | OfficerTrustee | 2 | $0 |
Jaime Rodrguez Secretary | OfficerTrustee | 2 | $0 |
Jesus Villagrasa Vicepresident | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,784,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,784,447 |
| Total Program Service Revenue | $0 |
| 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 | $8,784,447 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $126,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $51,997 |
| Total functional expenses | $178,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,958 |
| 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 | $32,410,428 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $87,700,528 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,153,914 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,007,453 |
| Other liabilities | $0 |
| Total liabilities | $3,007,453 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,520,571 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,499,999 |
| Retained earnings, endowment, accumulated income, or other funds | $113,125,891 |
| Total liabilities and net assets/fund balances | $120,153,914 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fidelis Educational Net Inc has recieved totaling $648,394.
| Awarding Organization | Amount |
|---|---|
Omega Charitable Developers Inc Houston, TX PURPOSE: SEE PART IV | $648,394 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Hands Relief Inc Arlington, TX | $2,480,716 | $16,870,671 |
Ekal Vidyalaya Foundation Of Usa Inc Houston, TX | $8,311,702 | $8,920,976 |
Thinkwell Institute Leander, TX | $7,820,043 | $8,446,076 |
Reach Now International Inc Tulsa, OK | $23,892 | $8,518,045 |
Medical Benevolence Foundation Houston, TX | $13,521,157 | $7,702,222 |
Conflict And Development Research Fund Castroville, TX | $3,738,303 | $60,944 |
Faith In Practice Houston, TX | $14,021,764 | $10,305,990 |
Millennium Relief And Development Services Inc Bellaire, TX | $1,985,456 | $5,779,466 |
Blessings International Broken Arrow, OK | $7,020,981 | $3,899,748 |
Attack Poverty Stafford, TX | $5,706,227 | $4,502,108 |
International Educational Programs Inc San Antonio, TX | $1,237,963 | $4,073,933 |
Christian Health Service Corps Grand Saline, TX | $4,182,710 | $4,323,020 |