Nido De Esperanza Charitable Society is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Nido DE Esperanza Charitable Society employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nido DE Esperanza Charitable Society 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 06/2023, Nido DE Esperanza Charitable Society generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $1.6m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BREAK THE CYCLE OF POVERTY BY CHANGING THE FIRST 1,000 DAYS OF A CHILD'S LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKS WITH FAMILIES FROM PREGNANCY THROUGH PRE-K/HEAD START PLACEMENT, TAKING A HOLISTIC APPROACH (MIND, BODY, SOUL) THAT SUPPORTS BOTH THE CHILD AND THE PARENTS. THE ORGANIZATION PROVIDES PERSONALIZED PARENTING SUPPORT THROUGH MENTORING AND EDUCATING PARENTS, INCLUDING INSTRUCTION BY VARIOUS HEALTH CARE PROFESSIONALS, AND BUILDS DEEP COMMUNITY CONNECTIONS BETWEEN FAMILIES THROUGH WEEKLY GROUP MEETINGS. THE ORGANIZATION RECOGNIZES THE CRITICAL TIME OF PREGNANCY AND WORKS WITH MOTHERS TO PROVIDE ASSISTANCE IN SUCH AREAS AS NUTRITION SUPPORT, ACCESS TO MEDICAL CARE, AND PREPARATION OF BIRTHING PLANS. RECOGNIZING THE IMPORTANCE OF LITERACY AND ITS IMPACT ON BREAKING THE CYCLE OF POVERTY, THE ORGANIZATION PROVIDES BOOKS AND READING SUPPORT GROUPS FOR FAMILIES. THE ORGANIZATION ALSO SUPPORTS FAMILIES THROUGH MATERIAL ASSISTANCE, ESPECIALLY ITEMS ESSENTIAL IN THE FIRST 1,000 DAYS OF A CHILD'S LIFE SUCH AS DIAPERS, FORMULA, FOOD, CLOTHING, AND BABY EQUIPMENT. THE ORGANIZATION CONTINUES TO FLOURISH, AS EVIDENCED BY THE INCREASED NUMBER OF FAMILIES SERVED, THE LARGEST GRADUATING CLASS (32 THREE YEAR-OLDS DURING 2023), AND THE EXPANDED SCOPE OF SERVICES PROVIDED TO FAMILIES. THE NEW PRENATAL WELLNESS CENTER WAS CREATED IN 2022 TO INTERVENE AND SUPPORT FAMILIES EVEN EARLIER IN THEIR PARENTING JOURNEY. DURING FISCAL 2023, THE ORGANIZATION HAS INTENSIVELY SERVED 35 PREGNANT MOTHERS. IN-KIND CONTRIBUTIONS, SO ESSENTIAL TO THE ORGANIZATION'S OPERATIONS AND THE PROVISION OF MATERIAL ASSISTANCE AND SERVICES TO FAMILIES, INCREASED BY 20% IN THE PAST YEAR AS A RESULT OF STRENGTHENED RELATIONSHIPS IN THE COMMUNITY AND WITH OTHER ORGANIZATIONS. THE ORGANIZATION IS POISED TO SERVE MORE FAMILIES IN THE COMING YEAR WITH THE CONTINUED INVESTMENT IN THE PROFESSIONAL TEAM AND COMMUNITY RELATIONSHIPS. WHILE THE ORGANIZATION'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY CHANGING THE FIRST 1,000 DAYS OF A CHILD'S LIFE, IT ALSO SEEKS TO HAVE A GREATER IMPACT ON THE FAMILIES SERVED.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Fogle President & Co-Exec. Director | OfficerTrustee | 25 | $0 |
Rev Dr Eric Park Chairman & Vice Pres. Eff. 2/22/23 | OfficerTrustee | 1 | $0 |
Rev Dr Stephen Bauman Chairman & President Thru 2/22/23 | OfficerTrustee | 1 | $0 |
Marsha Askins Secretary | OfficerTrustee | 1 | $0 |
Rick Ketchum Treasurer | OfficerTrustee | 1 | $0 |
Gaby Pena Fraga Director | Trustee | 0.5 | $0 |
| 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 | $1,712,334 |
| Noncash contributions included in lines 1a–1f | $547,283 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,712,334 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,709,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,178 |
| Grants and other assistance to domestic individuals. | $559,616 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,317 |
| Compensation of current officers, directors, key employees. | $9,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,451 |
| Pension plan accruals and contributions | $11,065 |
| Other employee benefits | $55,943 |
| Payroll taxes | $48,166 |
| Fees for services: Management | $40,225 |
| Fees for services: Legal | $379 |
| Fees for services: Accounting | $16,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,254 |
| Advertising and promotion | $0 |
| Office expenses | $15,265 |
| Information technology | $61,430 |
| Royalties | $0 |
| Occupancy | $22,754 |
| Travel | $1,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,620 |
| Insurance | $6,750 |
| All other expenses | $0 |
| Total functional expenses | $1,577,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $156,445 |
| 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 | $35,505 |
| Net Land, buildings, and equipment | $14,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $256,705 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,529 |
| Accounts payable and accrued expenses | $43,200 |
| 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 | $43,200 |
| Net assets without donor restrictions | $655,573 |
| Net assets with donor restrictions | $78,756 |
| 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 | $777,529 |
Over the last fiscal year, Nido De Esperanza Charitable Society has awarded $34,178 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOLYROOD EPISCOPAL CHURCH PURPOSE: TO SUPPORT FAMILIES WITH ESSENTIAL ITEMS FOR INFANTS AND CHILDREN | $7,366 |
CHRIST CHURCH WASHINGTON HEIGHTS PURPOSE: TO SUPPORT FAMILIES WITH ESSENTIAL ITEMS FOR INFANTS AND CHILDREN | $11,143 |
MEXICANA COALITION PURPOSE: TO SUPPORT FAMILIES WITH ESSENTIAL ITEMS FOR INFANTS AND CHILDREN | $15,669 |