Sostento Inc
- Assets
- $525.1k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Montclair, NJ
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 84-3739888
Organization Overview
Sostento Inc is located in Montclair, NJ. The organization was established in 2020. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Sostento Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sostento 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 12/2021, Sostento Inc generated $1.6m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 60.5% per year over the past 2 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
SOSTENTO IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO HELP FRONTLINE PUBLIC HEALTH WORKERS SAVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT FINISH LINE: IS A NATIONAL INITIATIVE TO MOBILIZE FUNDING, EDUCATIONAL RESOURCES AND DIGITAL TOOLS AND SERVICES TO 100 FREE AND CHARITABLE CLINICS IN UNDERSERVED NEIGHBORHOODS, ACROSS 15 STATES, SO THAT THEY CAN INCREASE EQUITABLE ACCESS TO THE COVID-19 VACCINE. SEE SCHEDULE O FOR FURTHER INFORMATION.
RECOVERY-GPS: RECOVERYGPS IS AN OPIOID RESPONSE OUTREACH AND RECOVERY TOOL FOR PEER COUNSELORS.THE TOOL ALLOWS PEER COUNSELORS TO ACCESS THE SUPPLIES, SUPPORT AND DATA COLLECTION THEY NEED TO DO EFFECTIVE OUTREACH TO INDIVIDUALS FACING SUBSTANCE USE DISORDERS. SEE SCHEDULE O FOR FURTHER INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph M Agoada President/treasurer/ceo - Dir. | OfficerTrustee | 40 | $156,646 |
Jennifer Estevez COO | Officer | 40 | $102,333 |
Jennifer Liang Secretary - Director | OfficerTrustee | 20 | $92,949 |
Tina Ramirez Director | Trustee | 1 | $0 |
Dr David A Bray Director | Trustee | 1 | $0 |
Dr John Baptiste Niwagaba Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,423,076 |
| Noncash contributions included in lines 1a–1f | $124,657 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,555,700 |
| Total Program Service Revenue | $68,200 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,623,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,400 |
| Grants and other assistance to domestic individuals. | $39,315 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $308,743 |
| Compensation of current officers, directors, key employees. | $32,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $800 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $581,191 |
| Advertising and promotion | $30 |
| Office expenses | $16,604 |
| Information technology | $12,395 |
| Royalties | $0 |
| Occupancy | $13,088 |
| Travel | $8,085 |
| 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 | $0 |
| Insurance | $2,521 |
| All other expenses | $6,696 |
| Total functional expenses | $1,282,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,065 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $159,674 |
| Accounts receivable, net | $23,756 |
| 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 | $1,650 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $525,145 |
| Accounts payable and accrued expenses | $70,673 |
| Grants payable | $0 |
| Deferred revenue | $100,480 |
| 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 | $171,153 |
| Net assets without donor restrictions | $175,650 |
| Net assets with donor restrictions | $178,342 |
| 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 | $525,145 |
Grants Awarded
Over the last fiscal year, Sostento Inc has awarded $64,300 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Montgomery, AL PURPOSE: Vaccine programs | $18,000 |
WISCONSIN ASSOCIATION OF FREE & CHARITABLE CLINICS PURPOSE: Vaccine programs | $10,000 |
Jackson, TN PURPOSE: Vaccine programs | $10,000 |
Atlanta, GA PURPOSE: Vaccine programs | $8,000 |
Branchland, WV PURPOSE: Homelessness Supplies | $6,100 |
BOONE COUNTY HEALTH DEPARTMENT PURPOSE: Homelessness Supplies | $6,100 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Sostento Inc has recieved totaling $863,242.
| Awarding Organization | Amount |
|---|---|
Amerisourcebergen Foundation Conshohocken, PA PURPOSE: GENERAL SUPPORT | $350,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $293,216 |
Rainwater Charitable Foundation Fort Worth, TX PURPOSE: COVID-19 RESEARCH | $100,000 |
Rainwater Charitable Foundation Fort Worth, TX PURPOSE: COVID-19 RESEARCH | $75,000 |
Organization Name not Listed PURPOSE: DISTRIBUTIONS TO CLINICS | | $45,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |
New York Foundling Charitable Corporation New York, NY | $0 | $3,656,772 |