La Plaza Inc
- Assets
- $9.4m
- Revenue
- $2.7m
- Investments
- $5.7m
- Employees
- 12
- Location
- Indianapolis, IN
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 30-0029575
Organization Overview
La Plaza Inc is located in Indianapolis, IN. The organization was established in 2003. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, LA Plaza Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Plaza 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 Plaza Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 9.2% 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 PLAZA STRENGTHENS CENTRAL INDIANA BY ADVOCATING AND PREPARING LATINO STUDENTS FOR EDUCATIONAL SUCCESS AND BY CONNECTING LATINO FAMILIES TO HEALTH AND SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND SOCIAL SERVICES PROGRAMS: LA PLAZA OFFERS HEALTH AND SOCIAL SERVICES THAT TARGET AND MEET THE SPECIFIC NEEDS OF THE LATINO COMMUNITY. THIS INCLUDES, BUT IS NOT LIMITED TO, DENTAL, WIC, IMMUNIZATION CLINICS, EMERGENCY ASSISTANCE, JOB COUNSELING, FOOD PANTRY, AND HOLIDAY ASSISTANCE. THESE PROGRAMS SERVED 3,000 INDIVIDUALS IN THE 2021 CALENDAR YEAR.
EDUCATION PROGRAMS: LA PLAZA'S TU FUTURO PROGRAM IS AN EDUCATIONAL PROGRAM DEDICATED TO ENCOURAGING AND SUPPORTING LATINO YOUTH TO PURSUE A POST-SECONDARY EDUCATION. THIS IS ACHIEVED THROUGH A SERIES OF BILINGUAL PRESENTATIONS, WORKSHOPS, INDIVIDUAL CONSULTATIONS, AND COLLEGE VISITS. STUDENTS ARE PROVIDED INFORMATION ABOUT THE COLLEGE APPLICATION PROCESS, FINANCIAL AID, AND SCHOLARSHIP PROGRAMS. THE PROGRAM ALSO WORKS WITH PARENTS TO HELP GIVE THEM THE TOOLS TO CONTRIBUTE TO THEIR CHILD'S EDUCATION. THESE PROGRAMS SERVED 70 STUDENTS IN THE 2021 CALENDAR YEAR.
YOUTH PROGRAMS: LA PLAZA OFFERS THE SUMMER DISCOVERY AND LEADERSHIP INSTITUTE FOR LATINO YOUTH PROGRAMS. THE SUMMER DISCOVERY PROGRAM IS DESIGNED TO ENRICH THE LIVES OF ELEMENTARY SCHOOL CHILDREN THROUGH A FIVE-WEEK EDUCATIONAL AND CULTURAL EXPERIENCE. THESE ACTIVITIES INCLUDE READING AND MATH, ARTS AND PHYSICAL EDUCATION, LEADERSHIP AND TECHNOLOGICAL DEVELOPMENT, FIELD TRIPS, AND COMMUNITY SERVICE LEARNING. THE LEADERSHIP INSTITUTE FOR LATINO YOUTH IS A FIVE-WEEK SUMMER LEADERSHIP PROGRAM TO HELP HIGH SCHOOL STUDENTS GAIN THE SKILLS NECESSARY TO BE BETTER PREPARED FOR COLLEGE, CAREER, AND LIFE. THIS IS ACCOMPLISHED THROUGH MATH AND ENGLISH ENRICHMENT, LEADERSHIP PROJECTS, CAREER AND COLLEGE EXPLORATION, PHYSICAL AND HEALTH EDUCATION, FIELD TRIPS, COMMUNITY SERVICE, AND THE USE OF TECHNOLOGY. THESE PROGRAMS SERVED X,XXX INDIVIDUALS IN THE 2021 CALENDAR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam Acevedo Davis President And CEO | OfficerTrustee | 40 | $131,417 |
Carlos DE Leon Past-Chair | OfficerTrustee | 1 | $0 |
Art Vasquez Chair | OfficerTrustee | 1 | $0 |
Cynthia N Cardona Vice-Chair | OfficerTrustee | 1 | $0 |
Jorge Gomez-Villalta Treasurer | OfficerTrustee | 1 | $0 |
Rafael Bolivar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $187,783 |
| Membership dues | $0 |
| Fundraising events | $153,700 |
| Related organizations | $0 |
| Government grants | $1,897,595 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,306,911 |
| Total Program Service Revenue | $19,395 |
| Investment income | $96,292 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,500 |
| Net Gain/Loss on Asset Sales | $225,974 |
| Net Income from Fundraising Events | -$46,791 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,714,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $136,787 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,368 |
| Compensation of current officers, directors, key employees. | $31,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,291 |
| Payroll taxes | $34,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,588 |
| Fees for services: Accounting | $87,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,238 |
| Fees for services: Other | $261,511 |
| Advertising and promotion | $24,536 |
| Office expenses | $12,094 |
| Information technology | $34,168 |
| Royalties | $0 |
| Occupancy | $40,106 |
| Travel | $6,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,217 |
| Insurance | $18,477 |
| All other expenses | $8,345 |
| Total functional expenses | $1,402,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,212 |
| Savings and temporary cash investments | $3,037,663 |
| Pledges and grants receivable | $482,399 |
| Accounts receivable, net | $41,515 |
| 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 | $14,491 |
| Net Land, buildings, and equipment | $67,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,731,925 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,386,247 |
| Accounts payable and accrued expenses | $252,524 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $252,524 |
| Net assets without donor restrictions | $2,194,942 |
| Net assets with donor restrictions | $6,938,781 |
| 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 | $9,386,247 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that La Plaza Inc has recieved totaling $2,478,862.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: ENHANCING OPPORTUNITY IN INDPLS INIT | $750,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: COVID19 SPECIAL OPERATING SUPPORT | $500,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: COVID19 SPECIAL OPERATING SUPPORT | $425,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: ENHANCING OPPORTUNITY IN INDPLS INIT | $283,700 |
United Way Of Central Indiana Inc Indianapolis, IN PURPOSE: Program and/or Operating Support | $187,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $5,689,909 |
| Earnings | $597,106 |
| Other Expense | $555,090 |
| Ending Balance | $5,731,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Plaza Inc Indianapolis, IN | $9,386,247 | $2,714,930 |
Sethness Family Foundation Chicago, IL | $3,240,807 | $446,132 |
Community Agency Building Corporation Inc Seymour, IN | $657,344 | $165,627 |
Flora Richardson Foundation Inc Chesterton, IN | $2,221,729 | $253,785 |
Community Value Alliance Inc Saint Louis, MO | $46,316 | $0 |
Ternet Fam Foundation Tr Evansville, IN | $2,062,998 | $94,873 |
Foundation For Illinois Colonial And American Studies Mt Auburn, IL | $46,727 | $0 |
Americans For Good Inc Barrington, IL | $854,209 | $15,000 |
Mary Louise Walburn Charitable Trust Evansville, IN | $290,824 | $37,706 |
Charlton C Cox Irrevocable Charitable Trust Louisville, KY | $305,760 | $91,646 |
Repairers Of The Breach Inc Lexington, KY | $23,740 | $0 |
Community Real Estate And Personal Property Foundation Inc Appleton, WI | $3,808,394 | $72,043 |