Hispanic Summer Program
- Assets
- $1.8m
- Revenue
- $294.9k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 04/2006
- Data as of
- 09/2023
- EIN
- 38-3708943
Organization Overview
Hispanic Summer Program is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Summer Program 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 09/2023, Hispanic Summer Program generated $294.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $155.6k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SUPPLEMENT AND ENRICH THE THEOLOGICAL AND MINISTERIAL EDUCATION BEING OFFERED IN SEMINARIES AND UNIVERSITIES, WITH ACADEMIC COURSES AND OTHER ACTIVITIES DIRECTLY ADDRESSING HISPANIC HISTORY, MINISTRY, AND THEOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HISPANIC SUMMER PROGRAM IS A NETWORK OF THEOLOGICAL SCHOOLS FROM AROUND THE UNITED STATES THAT HAVE COME TOGETHER TO PROMOTE THEOLOGICAL EDUCATION FOR LATINO STUDENTS AND THOSE INTERESTED IN LATINO MINISTRIES. THERE ARE CURRENTLY AROUND 38 SCHOOLS ("SPONSORS") IN THE NETWORK. EACH SPONSOR CONTRIBUTES $4,500 PER YEAR TO THE HSP'S OPERATING BUDGET.THE HISPANIC SUMMER PROGRAM (HSP) NORMALLY OFFERS 6 CHOICES OF 3-CREDIT, ACCREDITED COURSES GEARED TOWARD MASTER-DEGREE LEVEL LATINA/O SEMINARIANS AND GRADUATE STUDENTS. THE PROGRAM IS DESIGNED PRIMARILY FOR LATINA/O STUDENTS ENROLLED IN THEOLOGICAL SEMINARIES AND UNIVERSITY DEPARTMENTS OF THEOLOGY OR RELIGION. IN FISCAL YEAR 2023, THE HSP OFFERED SIX 3-CREDIT COURSES (FOUR IN PERSON AND TWO ONLINE). WE HAD 35 PARTICIPANTS FROM THE U.S. AND PUERTO RICO, REPRESENTING A WIDE VARIETY OF TRADITIONS, DENOMINATIONS, AND THEOLOGICAL PERSPECTIVES. WE HAVE ALSO WELCOMED ABOUT 10% OF NON-LATINA/O STUDENTS NATIONWIDE WHO ARE INVOLVED IN LATINO-CENTERED MINISTRIES AND ADVOCACY. THE (HSP) PROVIDES THE OPPORTUNITY FOR STUDENTS TO STUDY WITH LATINA/O PEERS AND PROFESSORS.
OTHER PROGRAMS:LATINX DOCTORAL ACCOMPANIMENT SEMINARTHIS COURSE EXPLORES THE LANDSCAPE OF THEOLOGICAL EDUCATION IN THE CONTEXT OF THE UNITED STATES AND ITS IMPACT AND ENGAGEMENT WITH LATINX COMMUNITIES. IT CONSIDERS THE DEVELOPMENT AND TRAJECTORY OF LATINX SCHOLARSHIP IN AREAS OF RELIGIOUS STUDIES AND THEOLOGICAL EDUCATION BY CONSIDERING CULTURAL, SOCIAL, AND RELIGIOUS TRADITIONS AS WELL AS CURRENT POWER DYNAMICS IMPACTING LATINX COMMUNITIES THROUGH THE ENGAGEMENT OF CRITICAL TEXTS AND DIALOGUES WITH LATINX SCHOLARS TODAY. THIS THREE-CREDIT COURSE MENTORS STUDENTS THROUGH EVERY COMPONENT OF THE DOCTORAL (PH.D. AND TH.D.) APPLICATION PROCESS, EQUIPPING THEM TO APPLY TO DOCTORAL PROGRAMS. THE PRAXIS OF ACCOMPANIMENT:THIS INNOVATIVE COURSE EQUIPS STUDENTS WITH THE HISTORICAL, THEOLOGICAL, INTERCULTURAL, AND COUNSELING TOOLS TO PROVIDE PASTORAL CARE AND CHAPLAINCY ACCOMPANIMENT IN LATIN AMERICAN CONTEXTS. CO-TAUGHT BY A TEACHING TEAM OF FIVE FACULTY, ELIGIBLE STUDENTS WILL HAVE THE OPPORTUNITY TO APPLY TO WORK WITH SOLIDARITY BRIDGE AND ACCOMPANY A TEAM OF SURGEONS TO PARAGUAY OR BOLIVIA AS PART OF THEIR MEDICAL PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daisy Machado Executive Dir. | Officer | 9.5 | $22,500 |
Steven J Schweitzer Board Member | Trustee | 0.6 | $0 |
Mayra Picos-Lee Chair | OfficerTrustee | 1 | $0 |
Ellen Armour Board Member | Trustee | 0.6 | $0 |
Marcos Kempff Board Member | Trustee | 0.6 | $0 |
Hugo Magallanes Board Member | Trustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $175,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,948 |
| Total Program Service Revenue | $46,150 |
| Investment income | $47,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,850 |
| 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. | $22,500 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,246 |
| Advertising and promotion | $0 |
| Office expenses | $2,298 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,153 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,239 |
| All other expenses | $6,300 |
| Total functional expenses | $155,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,729 |
| Savings and temporary cash investments | $110,978 |
| Pledges and grants receivable | $0 |
| 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 | $2,256 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $423,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,080,733 |
| Total assets | $1,783,780 |
| Accounts payable and accrued expenses | $7,190 |
| 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 | $7,190 |
| Net assets without donor restrictions | $906,098 |
| Net assets with donor restrictions | $870,492 |
| 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 | $1,783,780 |