Adelante Latina Inc
- Assets
- $1.5m
- Revenue
- $808.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/2014
- Data as of
- 06/2024
- EIN
- 46-4288885
Organization Overview
Adelante Latina Inc is located in Baltimore, MD. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adelante Latina 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 06/2024, Adelante Latina Inc generated $808.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $263.1k during the year ending 06/2024. While expenses have increased by 18.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING HIGH-SCHOOL LATINAS IN BALTIMORE, MD IN THEIR PREPARATION FOR COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADELANTE LATINA! HAS ONLY ONE PROGRAM, WHICH IS ASSISTING LATINAS IN BALTIMORE CITY WITH COLLEGE ADMISSIONS. THAT PROGRAM TUTORED 37 LATINA STUDENTS, HELPED 20 LATINA STUDENTS IN THEIR SENIOR YEAR OF HIGH SCHOOL GAIN ACCEPTANCE IN COLLEGES AND RAISED APPROXIMATELY $15,000 IN SCHOLARSHIP FUNDS FOR LATINA STUDENTS IN FISCAL YEAR ENDED JUNE 30, 2024.EACH GRADUATING SENIOR IN THE ADELANTE LATINA! INC. PROGRAM IS PROVIDED WITH A $3,000 SCHOLARSHIP AWARD. PROGRAM GRADUATES WHO ARE ACCEPTED INTO COLLEGES CAN USE THE $3,000 SCHOLARSHIP AWARD IN ANY OF THEIR TWO OR FOUR YEARS OF COLLEGE TO PAY FOR COLLEGE-RELATED COSTS. ADELANTE LATINA! INC. PAID TUITION AND OTHER COLLEGE RELATED COSTS TO AND ON BEHALF OF 20 PROGRAM GRADUATES IN FY2023/2024 WITH PAYMENTS RANGING BETWEEN $122 AND $3,000. SCHOLARSHIPS ARE PAID TO PAST PROGRAM GRADUATES, TOO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Leviton Board Member | Trustee | 1 | $0 |
Mary Pat Seurkamp Board Member | Trustee | 1 | $0 |
Cristina Banuelos Secretary, Board Member | OfficerTrustee | 1 | $0 |
Faye Rivkin Board Member | Trustee | 1 | $0 |
Melissa Martinez Board Member | Trustee | 1 | $0 |
Alice Lilly Treas., Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $721,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,142 |
| Total Program Service Revenue | $0 |
| Investment income | $68,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,232 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $808,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,893 |
| 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 | $34,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,364 |
| Advertising and promotion | $0 |
| Office expenses | $4,341 |
| Information technology | $893 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,386 |
| All other expenses | $250 |
| Total functional expenses | $263,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,902 |
| Savings and temporary cash investments | $200,579 |
| 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 | $1,065,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,527,569 |
| 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 | $2,540 |
| Total liabilities | $2,540 |
| Net assets without donor restrictions | $0 |
| 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 | $1,525,029 |
| Total liabilities and net assets/fund balances | $1,527,569 |
Grants Awarded
Over the last fiscal year, Adelante Latina Inc has awarded $25,905 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NOTRE DAME OF MD UNIVERSITY INC PURPOSE: SCHOLARSHIPS | $14,609 |
UMBC PURPOSE: SCHOLARSHIPS | $4,187 |
CCBC PURPOSE: SCHOLARSHIPS | $3,000 |
WASHINGTON COLLEGE PURPOSE: SCHOLARSHIPS | $1,821 |
GOUCHER COLLEGE PURPOSE: SCHOLARSHIPS | $2,288 |