Spanish American Center Inc
- Assets
- $2.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Leominster, MA
- Founding
- 09/1982
- Data as of
- 06/2022
- EIN
- 04-2761759
Organization Overview
Spanish American Center Inc is located in Leominster, MA. The organization was established in 1982. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Spanish American Center Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spanish American Center 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 06/2022, Spanish American Center Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 25.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORTIVE SERVICES TO THE SPANISH COMMUNITY OF LEOMINSTER AND SURROUNDING TOWNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE AND SUPPORT FOR SURVIVOR OF DOMESTIC VIOLENCE AND ASSAULT
PROVIDE MEALS AND FOOD TO THE GENERAL PUBLIC TO ALLEVIATE MALNUTRITION AS A RESULT OF POVERTY
PROVIDE SERVICES AND OUTREACH TO THE ELDERLY, EDUCATIONAL SERVICES, AND ASSISTANCE TO IMMIGRANTS INTERGRATING INTO THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Silvia Taurino Clerk | OfficerTrustee | 5 | $0 |
Migdalia Velez President | OfficerTrustee | 5 | $0 |
Mary Yanneth Bermudezcamp Director | Trustee | 1 | $0 |
Ruby Vargas Director | Trustee | 1 | $0 |
Eladia Romero Director | Trustee | 1 | $0 |
Luz Torrez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,846 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,005,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,642,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,670,586 |
| Total Program Service Revenue | $0 |
| Investment income | $142 |
| 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 | $2,670,728 |
| 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 | $543,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,738 |
| Payroll taxes | $53,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600,648 |
| Advertising and promotion | $1,193 |
| Office expenses | $23,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $402,549 |
| Travel | $7,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,709 |
| Interest | $8,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,512 |
| Insurance | $16,898 |
| All other expenses | $31,156 |
| Total functional expenses | $2,338,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $732,802 |
| 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 | $6,937 |
| Net Land, buildings, and equipment | $1,048,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,007,532 |
| Accounts payable and accrued expenses | $337,868 |
| Grants payable | $0 |
| Deferred revenue | $213,292 |
| 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 | $258,023 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $809,183 |
| Net assets without donor restrictions | $1,198,349 |
| 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 | $2,007,532 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Spanish American Center Inc has recieved totaling $205,447.
| Awarding Organization | Amount |
|---|---|
United Way Of North Central Mass Inc Fitchburg, MA PURPOSE: FAMILY SUPPORT SERVICES | $99,500 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA PURPOSE: PANDEMIC RELATED | $77,985 |
Tufts Health Plan Foundation Inc Canton, MA PURPOSE: Momentum Fund COVID Response | $10,000 |
Greater Worcester Community Foundation Inc Worcester, MA PURPOSE: NOS AYUDANDO MUTUAMENTE | $10,000 |
Project Bread - The Walk For Hunger Inc East Boston, MA PURPOSE: FY22 CHILD NUTRITION GRANTS | $7,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Chinese-American Association Inc Brooklyn, NY | $16,442,074 | $13,631,534 |
Mid-Island Y Jewish Community Center Inc Plainview, NY | $9,808,281 | $10,961,733 |
Rian Immigrant Center Inc Boston, MA | $3,539,791 | $6,977,812 |
Chinese Christian Herald Crusades Inc Flushing, NY | $34,224,401 | $8,882,723 |
Korean Community Services Of Metropolitan New York Inc Bayside, NY | $13,398,422 | $7,508,888 |
Haitian Americans United For Progress Hollis, NY | $605,051 | $5,406,105 |
Connecticut Institute For Refugees And Immigrants Inc Bridgeport, CT | $3,814,184 | $6,185,902 |
Journeys End Refugee Services Buffalo, NY | $3,890,672 | $5,653,427 |
Accompany Capital Inc New York, NY | $17,866,704 | $6,735,687 |
International Institute Of Buffalo Inc Buffalo, NY | $4,219,945 | $4,277,400 |
Neighbors Link Corp Mount Kisco, NY | $10,046,885 | $8,877,211 |
Type Media Center Inc New York, NY | $7,555,891 | $4,342,257 |