El Centro Hispano Inc
- Assets
- $3.2m
- Revenue
- $5.2m
- Investments
- $35.8k
- Employees
- 51
- Location
- Durham, NC
- Founding
- 01/1998
- Data as of
- 06/2022
- EIN
- 56-2011661
Organization Overview
El Centro Hispano Inc is located in Durham, NC. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, El Centro Hispano Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Centro Hispano 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 06/2022, El Centro Hispano Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 28.5% 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
EL CENTRO HISPANO WORKS TO STRENGTHEN THE COMMUNITY, BUILD BRIDGES AND ADVOCATE FOR EQUITY AND INCLUSION FOR HISPANICS/LATINOS IN THE TRIANGLE AREA OF NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTH: ADVANCES AND IMPROVES THE OVERALL HEALTH AND WELL-BEING OF THE LATINO COMMUNITY THROUGH PREVENTION AND HEALTH PROMOTION PROGRAMS, ACCESS TO HEALTH SERVICES, AND HEALTHY ACTIVITIES IN THE COMMUNITY.
EDUCATION: AIMS TO EXPAND EDUCATIONAL OPPORTUNITIES FOR PERSONAL GROWTH AND DEVELOPMENT OF THE LATINO COMMUNITY MEMBERS, FROM CHILD TO ADULT.ECONOMIC DEVELOPMENT: WORK ON THE CREATION AND STRENGTHENING OF THE INDIVIDUAL CAPABILITIES OF WORKERS AND ENTREPRENEURS.
COMMUNITY SUPPORT: WORKS TO ADVANCE THE GENERAL WELL-BENG OF THE LATINO COMMUNITY THROUGH ACCESS TO VALUABLE INFORMATION TO CONTRIBUTE TO THE IMPROVEMENT OF THEIR QUALITY OF LIFE.
CIVIC AND COMMUNITY PARTICIPATION: WITH OUR LEADERSHIP DEVELOPMENT, COMMUNITY DEVELOPMENT AND COMMUNITY ACTION PROGRAMS TO TRAIN LATINX LEADERS TO IMPROVE QUALITY OF LIFE FOR THE ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebeca Reyes Board Chair | OfficerTrustee | 1 | $0 |
Patrick Byker Board Vice-Chair | OfficerTrustee | 1 | $0 |
Antonio Vela Treasurer | OfficerTrustee | 1 | $0 |
Teshanee Williams Secretary | Trustee | 1 | $0 |
Anabel Rosa Member | Trustee | 1 | $0 |
Art Ehuan Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,697,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,509,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,207,188 |
| Total Program Service Revenue | $0 |
| Investment income | $457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,224,727 |
| 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. | $78,711 |
| Compensation of current officers, directors, key employees. | $23,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,462,362 |
| Pension plan accruals and contributions | $6,757 |
| Other employee benefits | $35,470 |
| Payroll taxes | $125,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $139,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,544 |
| Travel | $51,590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,179 |
| Insurance | $16,975 |
| All other expenses | $13,446 |
| Total functional expenses | $4,799,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,391,099 |
| Savings and temporary cash investments | $537 |
| Pledges and grants receivable | $1,578,116 |
| Accounts receivable, net | $55,461 |
| 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 | $8,607 |
| Net Land, buildings, and equipment | $125,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,696 |
| Total assets | $3,202,455 |
| Accounts payable and accrued expenses | $150,525 |
| Grants payable | $0 |
| Deferred revenue | $105,372 |
| 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 | $71,467 |
| Total liabilities | $327,364 |
| Net assets without donor restrictions | $1,528,509 |
| Net assets with donor restrictions | $1,346,582 |
| 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 | $3,202,455 |