Shenandoah Valley Scholars Latino Initiative
- Assets
- $296.7k
- Revenue
- $218.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Harrisonburg, VA
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 45-5560300
Organization Overview
Shenandoah Valley Scholars Latino Initiative is located in Harrisonburg, VA. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Shenandoah Valley Scholars Latino Initiative employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenandoah Valley Scholars Latino Initiative 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 12/2023, Shenandoah Valley Scholars Latino Initiative generated $218.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $300.6k during the year ending 12/2023. 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
SCHOLARS LATINO INITIATIVE SLI SUPPORTS LATINO A X HIGH SCHOOL STUDENTS WITH COLLEGE ACCESS THROUGH RIGOROUS ACADEMIC CHALLENGE LEADERSHIP DEVELOPMENT SCHOLARSHIPS AND SUPPORTIVE MENTORSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARS LATINO INITIATIVE'S MAIN PROGRAM SERVICES ARE SCHOLARSHIP SUPPORT FOR HIGH SCHOOL STUDENT RECIPIENTS ALUMNI RECIPIENTS COMPUTER AWARDS DUAL ENROLLMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fawnamber Montoya Chair Board Of Directors | Trustee | 5 | $0 |
Steve Burkholder Treasurer | Officer | 5 | $0 |
Stephania Cervantes Managing Director | Officer | 20 | $40,000 |
Christopher Clymer Kurtz Development Officer | Officer | 20 | $45,000 |
Jason Good Immediate Past Chair | Officer | 5 | $0 |
Brent Holsinger Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,925 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,933 |
| 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 | $218,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $158,593 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,287 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,638 |
| Office expenses | $2,057 |
| Information technology | $2,150 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,564 |
| 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 | $0 |
| Insurance | $1,775 |
| All other expenses | $0 |
| Total functional expenses | $300,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,623 |
| Savings and temporary cash investments | $207,114 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $296,737 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $296,737 |
| 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 | $296,737 |