Fidelis Educational Net Inc.
Fidelis Educational Net Inc.
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About this organization
Revenue
$3,753,502
Expenses
$1,332,300
Mission
See Part III and Attachment 1
About
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.
Interesting data from their 2019 990 filing
In the filing, the mission of the non-profit is noted as “(i) making distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code and under section 11.18 of the texas tax code and (ii) engaging in charitable activities within the meaning of section 501(c)(3) that are designed to combat rural and urban poverty by aiding charitable organizations that provide educational programs, hygiene instruction, vocational training and spiritual programs and to promote better and higher levels of education by funding schools for the acquisition of equipment and the construction of facilities.”.
When referring to its responsibilities, they were outlined as: “See part iii and attachment 1”.
- The state in which the non-profit is legally registered to operate is TX, as per legal records.
- The filing documents the non-profit's address in 2019 as 12335 SHADOWHOLLOW DR, HOUSTON, TX, 77082.
- According to the non-profit's form, they have 0 employees on their payroll as of 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,421,202.
- The CEO compensation strategy within the organization is not based on a review and approval from an impartial entity.
- The organization elects its board members.
- The organization has a foreign financial account.
- The organization has 5 independent voting members.
- The organization was formed in 2007.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has grants to organizations.