Nonprofit · EIN 77-0071036
FUTURE LEADERS OF AMERICA
Tax-exempt · OXNARD, CA 93031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,017,208 | $3,159,775 | $2,857,433 | $5,299,758 | $113,839 | $5,185,919 |
| December 31, 2023 | 990 | $2,188,008 | $2,387,957 | -$199,949 | $2,398,324 | $96,113 | $2,302,211 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,917,395
- of which government grants
- $495,482
- Program service revenue
- $0
- Investment income
- $86,240
- Net income from fundraising events
- $9,511
- Other revenue
- $13,573
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $81,148
- Other salaries and wages
- $1,100,475
- Salaries, compensation and benefits (total)
- $1,421,381
- Professional fundraising fees
- $0
- Accounting fees
- $45,865
- Occupancy
- $49,990
- Travel
- $102,766
- Program services (functional)
- $2,549,490
- Management and general (functional)
- $373,314
- Fundraising (functional)
- $236,971
Balance sheet and other
- Total assets, start of year
- $2,398,324
- Total assets, end of year
- $5,299,758
- Total liabilities, end of year
- $113,839
- Net assets, end of year
- $5,185,919
- Publicly traded securities
- $5,687
- Net assets without donor restrictions
- $3,240,405
- Net assets with donor restrictions
- $1,945,514
- Gross receipts
- $6,030,528
- Employees
- 47
- Volunteers
- 135
- Year formed
- 1995
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gloria Soto | Executive Director Officer | 40 | $81,148 |
| Ricardo Araiza | Board Co-Chair Trustee or director, Officer | 3 | $0 |
| Eunice Gonzalez | Board Co-Chair Trustee or director, Officer | 3 | $0 |
| Maria Elena Plaza | Treasurer Trustee or director, Officer | 3 | $0 |
| Araceli Centeno | Secretary Trustee or director, Officer | 2 | $0 |
| Marcos Vargas | Director Trustee or director | 1 | $0 |
| Oscar Gutierrez | Director Trustee or director | 1 | $0 |
| Britt Ortiz | Director Trustee or director | 1 | $0 |
| Ana Guerrero | Director Trustee or director | 1 | $0 |
| Andrea Gallardo | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gloria Soto | Executive Director Trustee or director, Officer | 40 | $114,616 |
| Ricardo Araiza | Board Chair Trustee or director, Officer | 3 | $0 |
| Maria Elena Plaza | Treasurer Trustee or director, Officer | 3 | $0 |
| Eunice Gonzalez | Director Trustee or director | 1 | $0 |
| Oscar Gutierrez | Director Trustee or director | 1 | $0 |
| Brenda Mendoza | Director Trustee or director | 1 | $0 |
| Marcos Vargas | Director Trustee or director | 1 | $0 |
| Araceli Centeno | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 51637, OXNARD, CA 93031-1637
- Principal officer (990 for 2024)
- Ricardo Araiza, PO Box 396, Santa Maria, CA 93456
- Signed the 990
- Gloria Soto, Executive Director
- Phone
- (805) 642-6208
- Website
- www.futureleadersnow.org
- Return prepared by
- MELISSA PETERSEN AND COMPANY
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0071036 or by the name FUTURE LEADERS OF AMERICA.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The Organization's mission is to provide leadership training, education & personal development opportunities for Latino youths, & to foster awareness & participation in responsible leadership in a global & democratic society.
Program accomplishments
- Camp, school and community-based programs that foster education, leadership training and personal development for latino youth.Expenses $2,549,490
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0071036
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50Z)
- Assets (IRS master file)
- $5,299,758
- Income (IRS master file)
- $6,030,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,017,208 | $3,159,775 | $5,299,758 | IRS |
| 990 | December 2023 | $2,188,008 | $2,387,957 | $2,398,324 | XML |
| 990 | December 2022 | $2,418,019 | $2,004,750 | $2,531,632 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0071036).
Questions about FUTURE LEADERS OF AMERICA
- What is the EIN of FUTURE LEADERS OF AMERICA?
- The employer identification number (EIN) of FUTURE LEADERS OF AMERICA is 77-0071036.
- Is FUTURE LEADERS OF AMERICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to FUTURE LEADERS OF AMERICA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUTURE LEADERS OF AMERICA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FUTURE LEADERS OF AMERICA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUTURE LEADERS OF AMERICA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FUTURE LEADERS OF AMERICA?
- The 990 for the year ended December 31, 2024 names Ricardo Araiza.
- Who are the officers and directors of FUTURE LEADERS OF AMERICA?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $81,148 (Gloria Soto, Executive Director).
- How much revenue does FUTURE LEADERS OF AMERICA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,017,208, expenses of $3,159,775 and total assets of $5,299,758 at year end.
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