Centro Las Americas Inc
- Assets
- $3.1m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 97
- Location
- Worcester, MA
- Founding
- 04/1981
- Data as of
- 06/2022
- EIN
- 04-2714991
Organization Overview
Centro Las Americas Inc is located in Worcester, MA. The organization was established in 1981. 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 06/2022, Centro Las Americas Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Las Americas 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, Centro Las Americas Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 6 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
TO PROVIDE STRENGTH AND UNITY WITHIN THE LATINO COMMUNITY OF WORCESTER, MASSACHUSETTS THROUGH SERVICES THAT ADDRESS THE SOCIAL, ECONOMIC, CULTURAL, RECREATIONAL, EDUCATIONAL, AND POLITICAL PROBLEMS WITHIN THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY AND COMMUNITY SERVICES - PROGRAMS INCLUDE FAMILY SERVICE PROGRAMS THAT PROVIDE CHILD PROTECTION CASE MANAGEMENT, PARENT AND FAMILY SKILL BUILDING, AND SUPORT TO FAMILIES WITH MEMBERS WHO ARE DEVELOPMENTALLY DISABLED, COMMUNITY SERVICE PROGRAMS THAT INCLUDE A FOOD PROGRAM AND SOCIAL, ECONOMIC, EDUCATIONAL, HEALTH AND ADVOCACY PROGRAMS, A WORKFORCE DEVELOPMENT PROGRAM DESIGNED TO HELP INDIVIDUALS IN THE COMMUNITY WITH JOB PLACEMENT AND ENTREPRENEURIAL SKILLS INCLUDING TRAINING AND TECHNICAL ASSISTANCE, AN ESL PROGRAM DESIGNED TO PREPARE UNEMPLOYED AND UNDEREMPLOYED PEOPLE WHO ARE HAMPERED BY LIMITED ENGLISH PROFICIENCY FOR ENTRY INTO THE WORKPLACE BY FOCUSING ON BASIC SPEAKING, READING, WRITING, AND JOB SPECIFIC VOCABULARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Gomez President & | OfficerTrustee | 40 | $237,083 |
Timothy Kirby VP CFO | 40 | $135,314 | |
Augustina Velazquez VP COO | 40 | $116,980 | |
Tracy Capers Director | Trustee | 1 | $0 |
George Cox Clerk | OfficerTrustee | 1 | $0 |
Ross Dick Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Worcester Interfaith Consultant | 6/29/22 | $127,629 |
Scott Dennett Consultant | 6/29/22 | $118,300 |
Financial Statements
| 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 | $162,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,645 |
| Total Program Service Revenue | $10,421,069 |
| Investment income | $176 |
| 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 | $10,598,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,583,372 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $218,545 |
| Compensation of current officers, directors, key employees. | $218,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,009,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $728,607 |
| Payroll taxes | $400,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $973,172 |
| Advertising and promotion | $51,425 |
| Office expenses | $20,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $295,642 |
| Travel | $51,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,689 |
| Interest | $40,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,568 |
| Insurance | $58,182 |
| All other expenses | $75,690 |
| Total functional expenses | $11,031,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,198,246 |
| 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 | $72,641 |
| Net Land, buildings, and equipment | $1,565,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,132,302 |
| Accounts payable and accrued expenses | $716,061 |
| Grants payable | $0 |
| Deferred revenue | $119,895 |
| 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 | $10,455 |
| Other liabilities | $786,291 |
| Total liabilities | $1,632,702 |
| Net assets without donor restrictions | $1,495,622 |
| Net assets with donor restrictions | $3,978 |
| 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 | $3,132,302 |