Latinas On The Verge Of Excellence Love Inc
- Assets
- $445.7k
- Revenue
- $413.9k
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-3732667
Organization Overview
Latinas On The Verge Of Excellence Love Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Latinas On The Verge Of Excellence Love Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latinas On The Verge Of Excellence Love 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 12/2022, Latinas On The Verge Of Excellence Love Inc generated $413.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $357.5k during the year ending 12/2022. While expenses have increased by 15.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
L.O.V.E. SUPPORTS AND EMPOWERS YOUNG LATINAS TO STRIVE BOTH IN SCHOOL AND IN LIFE BY PROVIDING POSITIVE ROLE MODELS. THE L.O.V.E. MENTORING PROGRAM WORKS IN PARTNERSHIP WITH ORGANIZATIONS, UNIVERSITIES AND PUBLIC SCHOOLS, WHOSE MISSION ARE TO ENHANCE THE WELL BEING OF YOUNG GIRLS AND HISPANIC COMMUNITIES IN NEW YORK. THE L.O.V.E. MENTORING PROGRAM RECRUITS FEMALE UNIVERSITY STUDENTS TO SUPPORT, GUIDE, AND BE A ROLE MODEL TO YOUNG LATINAS DURING THEIR HIGH SCHOOL YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LATINAS ON THE VERGE OF EXCELLENCE - L.O.V.E. MENTORING PROGRAM SUPPORTS AND EMPOWERS YOUNG LATINAS TO STRIVE FOR SUCCESS, BOTH IN SCHOOL AND IN LIFE, THROUGH MENTORSHIP AND HEALTH EDUCATION TARGETED AT MENTAL, REPRODUCTIVE AND PHYSICAL HEALTH AS WELL AS COLLEGE AND CAREER READINESS. L.O.V.E. PROVIDES MENTORSHIP SERVICES IN FIFTEEN SCHOOLS IN THE NEW YORK AREA. ALL L.O.V.E. MENTEES WERE PROMOTED TO THE NEXT GRADE LEVEL, GRADUATED FROM HIGH SCHOOL AND ENROLLED INTO COLLEGE. WE HAD 450 L.O.V.E. MENTEES IN THE YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Reynoso Co-Chair | OfficerTrustee | 1 | $0 |
Anjanette Cabrera Co-Chair | OfficerTrustee | 1 | $0 |
Danna Deblasio Secretary | OfficerTrustee | 1 | $0 |
Michelle Warra Treasurer | OfficerTrustee | 1 | $0 |
Diana Gasperoni Director | Trustee | 1 | $0 |
Barbara Orisio Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,500 |
| Related organizations | $0 |
| Government grants | $146,243 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,315 |
| Total Program Service Revenue | $139,075 |
| Investment income | $360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,794 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $413,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,693 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,739 |
| Payroll taxes | $19,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,500 |
| Advertising and promotion | $525 |
| Office expenses | $16,539 |
| Information technology | $5,212 |
| Royalties | $0 |
| Occupancy | $37,080 |
| Travel | $19,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,961 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $797 |
| Insurance | $3,653 |
| All other expenses | $2,777 |
| Total functional expenses | $357,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,547 |
| Savings and temporary cash investments | $142,953 |
| Pledges and grants receivable | $106,671 |
| Accounts receivable, net | $60,586 |
| 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 | $1,409 |
| Net Land, buildings, and equipment | $8,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,026 |
| Total assets | $445,663 |
| Accounts payable and accrued expenses | $4,981 |
| Grants payable | $0 |
| Deferred revenue | $10,829 |
| 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 | $36,182 |
| Total liabilities | $51,992 |
| Net assets without donor restrictions | $357,565 |
| Net assets with donor restrictions | $36,106 |
| 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 | $445,663 |