Hola Community Arts
- Assets
- $765.1k
- Revenue
- $804.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Asheville, NC
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-2943079
Organization Overview
Hola Community Arts, operating under the name Hola Carolina, is located in Asheville, NC. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hola Carolina 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 12/2021, Hola Carolina generated $804.8k in total revenue. All expenses for the organization totaled $681.7k during the year ending 12/2021. While expenses have increased by 87.3% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HOLA CAROLINA IS TO BUILD BRIDGES BETWEEN CULTURES, EMBRACE DIVERSITY, AND CREATE MORE ECONOMICALLY VIBRANT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUALLY INFORMED INITIATIVE HOLA CAROLINA EXPLORES AND GIVES A CRITICAL VOICE TO THE DIVERSITY OF OUR COMMUNITY. OUR COMMUNICATIONS TEAM FILLS THE GAP IN NEWS INFORMATION, COMBATS MISINFORMATION AND IMPROVES COMMUNICATION FOR THE SPANISH-SPEAKING COMMUNITY IN 2021, PRODUCED 5,978 NEWS STORIES IN SPANISH.
EQUITY IN HEALTH FOR IMMIGRANT COMMUNITIES THE PANDEMIC HAS EXPOSED THE FRAGILE STATE OF OUR HEALTHCARE SYSTEM, SPECIFICALLY IN UNDERSERVED COMMUNITIES. HOLA CAROLINA IS WORKING HARD TO ADDRESS RACIAL DISPARITIES ASSOCIATED WITH COVID-19. SINCE THE BEGINNING OF THE PANDEMIC, HOLA CAROLINA HAS DISTRIBUTED 857,438 MASKS TO THE LATINO COMMUNITY THROUGHOUT OUR REGION. 52,824 LATINOS IN OUR REGION HAVE RECEIVED THE COVID VACCINATION.
EDUCATION & OUTREACH HOLA CAROLINA PROGRAMS BRIDGE CULTURAL COMMUNICATION BETWEEN GOVERNMENT, BUSINESS AND HISTORICALLY UNDERREPRESENTED AND UNDERSERVED COMMUNITIES. IN 2021, 78,923 PEOPLE PARTICIPATED IN OUR EDUCATION & OUTREACH EVENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald J Stamey Highest Compensated Employee | 40 | $140,000 | |
Ricardo Bello Ball Secretary | OfficerTrustee | 1 | $1,140 |
Vanessa Garcia Member | Trustee | 1 | $600 |
Adriana Chavela Executive Director | OfficerTrustee | 40 | $0 |
Gloria Villanueva Board Chair | OfficerTrustee | 2 | $0 |
Sujeil Bergman Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $752,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $770,549 |
| Total Program Service Revenue | $29,205 |
| Investment income | $211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,337 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $804,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,500 |
| Grants and other assistance to domestic individuals. | $29,914 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,869 |
| Compensation of current officers, directors, key employees. | $35,717 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128 |
| Fees for services: Accounting | $9,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,140 |
| Advertising and promotion | $34,341 |
| Office expenses | $20,792 |
| Information technology | $14,277 |
| Royalties | $0 |
| Occupancy | $4,192 |
| Travel | $25,464 |
| 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 | $19,368 |
| Insurance | $1,544 |
| All other expenses | $3,179 |
| Total functional expenses | $681,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,798 |
| Savings and temporary cash investments | $394,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| Loans from Officers, Directors, or Controlling Persons | $9,956 |
| 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 | $68,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $31,622 |
| Other assets | $0 |
| Total assets | $765,095 |
| Accounts payable and accrued expenses | $1,754 |
| 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 | $1,754 |
| Net assets without donor restrictions | $620,809 |
| Net assets with donor restrictions | $142,532 |
| 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 | $765,095 |
Grants Awarded
Over the last fiscal year, Hola Community Arts has awarded $127,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Marion, NC PURPOSE: Community Support | $42,500 |
UNETE INC PURPOSE: Community Support | $20,000 |
Asheville, NC PURPOSE: Community Support | $20,000 |
Cullowhee, NC PURPOSE: Community Support | $15,000 |
Boone, NC PURPOSE: Community Support | $10,000 |
Asheville, NC PURPOSE: Community Support | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hola Community Arts has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $40,000 |
Nc Counts Coalition Raleigh, NC PURPOSE: Healthier Together program | $30,000 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: PROMOTING QUALITY HEALTH | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Confederation Of Indian Industry Arlington, VA | $74,359,377 | $45,402,839 |
Roof Above Inc Charlotte, NC | $96,652,711 | $36,113,591 |
Saudi Arabian U S Business Council Inc Vienna, VA | $3,546,346 | $2,319,248 |
Nashville International Center For Empowerment Nashville, TN | $897,200 | $2,966,739 |
Afro-American Cultural Center Inc Charlotte, NC | $10,610,750 | $1,926,817 |
Conquistadores Del Cielo Williamsburg, VA | $361,595 | $2,072,328 |
The International School Of Charlottesvlle Inc Charlottesville, VA | $2,986,526 | $2,354,548 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
American Turkish Council Arlington, VA | $0 | $1,588,052 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Our Pride Encompasses Nashville Nashville, TN | $362,350 | $788,648 |
Grandfather Mountain Highland Games Inc Linville, NC | $1,465,874 | $680,142 |