Hispanic League
- Assets
- $375.3k
- Revenue
- $438.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Winstonsalem, NC
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 56-1791215
Organization Overview
Hispanic League is located in Winstonsalem, NC. The organization was established in 1993. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Hispanic League employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic League 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, Hispanic League generated $438.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $489.4k during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 8 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
IMPROVE THE QUALITY OF LIFE FOR HISPANICS/LATINOS THROUGH PROMOTING COMMUNITY INCLUSION, EDUCATION, HEALTH AND MULTICULTURAL UNDERSTANDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE THE QUALITY OF LIFE FOR HISPANICS/LATINOS BY FACILITATING THEIR INCLUSION, EDUCATION AND HEALTH WHILE PROMOTING CULTURAL UNDERSTANDING, DIGNITY AND RESPECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iris Cole Past President | OfficerTrustee | 5 | $0 |
Michelle Gatto Director | Trustee | 1 | $0 |
William Herrera Director | Trustee | 1 | $0 |
Jim Norris Director | Trustee | 1 | $0 |
Clara Skorstad Director | Trustee | 1 | $0 |
David Henao Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,172 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $489,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,680 |
| Total Program Service Revenue | $10,387 |
| Investment income | $65 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$88,589 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,289 |
| Grants and other assistance to domestic individuals. | $121,600 |
| 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 | $201,097 |
| Pension plan accruals and contributions | $3,553 |
| Other employee benefits | $8,604 |
| Payroll taxes | $16,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540 |
| Advertising and promotion | $7,443 |
| Office expenses | $11,787 |
| Information technology | $9,482 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,817 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,042 |
| Insurance | $3,311 |
| All other expenses | $1,269 |
| Total functional expenses | $489,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,499 |
| Savings and temporary cash investments | $60,135 |
| 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 | $1,021 |
| Investments—publicly traded securities | $560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,087 |
| Total assets | $375,302 |
| Accounts payable and accrued expenses | $4,348 |
| Grants payable | $0 |
| Deferred revenue | $9,370 |
| 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 | $13,718 |
| Net assets without donor restrictions | $268,497 |
| Net assets with donor restrictions | $93,087 |
| 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 | $375,302 |
Grants Awarded
Over the last fiscal year, Hispanic League has awarded $229,566 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES PURPOSE: SCHOLARSHIP ADMIN | $99,900 |
YMCA OF NWNC PURPOSE: HISPANIC PROGRAMS | $6,000 |
VARIOUS MIDDLE SCHOOLS PURPOSE: HISPANIC PROGRAMS | $8,883 |
INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES PURPOSE: SCHOLARSHIP ADMIN | $99,900 |
YMCA OF NWNC PURPOSE: HISPANIC PROGRAMS | $6,000 |
VARIOUS MIDDLE SCHOOLS PURPOSE: HISPANIC PROGRAMS | $8,883 |