La Vida Inc
- Assets
- $379.8k
- Revenue
- $735.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Lynn, MA
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 04-3396256
Organization Overview
La Vida Inc is located in Lynn, MA. The organization was established in 1998. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, LA Vida Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Vida 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, LA Vida Inc generated $735.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $576.4k during the year ending 12/2021. While expenses have increased by 12.0% 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
LA VIDA INC.'S MISSION IS TO EQUIP LOW-INCOME, HIGH-ACHIEVING LYNN STUDENTS WITH THE RESOURCES AND PREPARATION THEY NEED TO ENTER COLLEGES, AND TO AWARD PARENTS WHO SAVE TOWARD COLLEGE WITH MATCHED FUNDS AND THE TRAINING NECESSARY TO MAKE INFORMED DECISIONS REGARDING THEIR CHILD'S HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA VIDA, INC. IS A THREE-YEAR AFTER-SCHOOL COLLEGE PREPARATORY PROGRAM FOR LOW-INCOME, HIGH-ACHIEVING STUDENTS AND THEIR PARENTS WHO LIVE IN THE CITIES OF LYNN AND CHELSEA, MASSACHUSETTS. STUDENT PARTICIPANTS EVALUATE BEST COLLEGE FIT, COMPLETE FINANCIAL AID AND COLLEGE APPLICATIONS, AND BEGIN TO PLAN THEIR FUTURE CAREER. PARENT PARTICIPANTS MEET MONTHLY TO LEARN HOW TO SUPPORT THIER CHILDREN IN THE COLLEGE SELECTION PROCESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gustavo Resendiz Vice President | OfficerTrustee | 5 | $0 |
Mary Mitchell Clerk | OfficerTrustee | 5 | $0 |
David Lopez Treasurer | OfficerTrustee | 5 | $0 |
Robert Hildreth President | OfficerTrustee | 5 | $0 |
Alberto Calvo Director | Trustee | 1 | $0 |
Hugo Carvajal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $684,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $733,531 |
| 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 | $735,931 |
| 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 | $246,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,570 |
| Payroll taxes | $17,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,898 |
| Advertising and promotion | $4,955 |
| Office expenses | $3,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,931 |
| Travel | $263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,896 |
| Insurance | $4,374 |
| All other expenses | $28,100 |
| Total functional expenses | $576,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,111 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,436 |
| 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 | $4,060 |
| Net Land, buildings, and equipment | $30,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $379,821 |
| Accounts payable and accrued expenses | $50,404 |
| Grants payable | $0 |
| Deferred revenue | $7,265 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,669 |
| Net assets without donor restrictions | $297,152 |
| Net assets with donor restrictions | $25,000 |
| 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 | $379,821 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that La Vida Inc has recieved totaling $301,350.
| Awarding Organization | Amount |
|---|---|
Hildreth Stewart Charitable Foundation Boston, MA PURPOSE: GENERAL USE | $68,000 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $65,000 |
George H & Jane A Mifflin Memorial Fund Boston, MA PURPOSE: EXPANDING EQUITY IN HIGHER EDUCATION FOR LYNN & CHELSEA MA | $40,000 |
Amelia Peabody Foundation Wellesley, MA PURPOSE: EXPANDING EQUITY IN HIGHER EDUCATION FOR LYNN, MA | $40,000 |
Edward S And Winifred G Moseley Foundation Boston, MA PURPOSE: LA VIDA SCHOLARS | $35,000 |
Oneworld Boston Inc Woburn, MA PURPOSE: RELIGIOUS PROGRAM | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Community Services Archdiocese Of New York New York, NY | $26,243,473 | $67,855,739 |
Woodlawn Foundation New Rochelle, NY | $58,943,273 | $25,049,674 |
Catholic Charities Of Fairfield Bridgeport, CT | $9,651,392 | $11,217,776 |
Community Association Of Progressive Dominicans Inc New York, NY | $3,345,960 | $6,118,311 |
Society Of St Vincent De Paul In The Archdiocese Of Boston Inc Stoughton, MA | $14,459,247 | $5,990,877 |
Padre Pio Foundation Of America Inc Cromwell, CT | $9,995,841 | $8,304,771 |
Foundations In Faith Inc Bridgeport, CT | $29,514,744 | $3,129,315 |
Murray Hill Place Inc New York, NY | $43,211,368 | $5,022,335 |
Catholic Migration Services Inc Brooklyn, NY | $5,700,505 | $6,076,447 |
Riverside Study Center Inc New York, NY | $14,243,524 | $2,424,338 |
Walking With Purpose Inc Greenwich, CT | $1,412,300 | $2,502,751 |
Catholic Foundation Of Southeastern Massachusetts Inc Fall River, MA | $2,839,964 | $2,808,614 |