Fatela University Inc
Nonprofit profile at a glance
- EIN
- 812818649
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2018
- Location
- Miami, FL, USA
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $110,793
- Expenses
- $121,135
- Assets
- $36,758
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Miguel Angel Palomino (Rector Professor CEO)
People named in this filing
- Miguel Angel Palomino (Rector Professor CEO)
- Alex Fajardo (Decano Professor Chief Academic Off)
- Fred Smith (Executive Committee Board Member at)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
FATELA University exists to provide graduate educational opportunities in Christian Theology Missiology and Urban Church Planting to evangelical denomination pastors and lay leaders in Spanish and Portuguese speaking countries and communities. Courses are taught by highly qualified faculty most of whom hold terminal degrees via online and hybrid modalities. During the year FATELA offered 18 individual courses and generated 400+ registrations and served several hundred students.
What it reported doing in 2024
During the year FATELA offered 18 individual courses and generated 400+ registrations and served several hundred students. These were all graduate level courses in Christian Theology Missiology and Urban Church Planting to serve the educational and professional development needs of evangelical denomination pastors and lay leaders in Spanish and Portuguese speaking countries and communities. Courses are taught by highly qualified faculty most of whom hold terminal degrees via online and hybrid modalities.
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 16
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -9.3%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 41.5%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $121K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 16/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Officer compensation ratio scored 7/100.