Spanish American Center Inc
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Leominster, MA
- Founding
- 09/1982
- Data as of
- 06/2023
- EIN
- 04-2761759
Organization Overview
Spanish American Center Inc is located in Leominster, MA. The organization was established in 1982. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Spanish American Center Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spanish American Center 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 06/2023, Spanish American Center Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 15.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORTIVE SERVICES TO THE GREATER NORTH CENTRAL MASSACHUSETTS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE AND SUPPORT FOR SURVIVOR OF DOMESTIC VIOLENCE AND ASSAULT
PROVIDE MEALS AND FOOD TO THE GENERAL PUBLIC TO ALLEVIATE MALNUTRITION AS A RESULT OF POVERTY
PROVIDE SERVICES AND OUTREACH TO THE ELDERLY, EDUCATIONAL SERVICES, AND ASSISTANCE TO IMMIGRANTS INTERGRATING INTO THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Migdalia Velez President | OfficerTrustee | 5 | $0 |
Brian Scales Treasurer | OfficerTrustee | 5 | $0 |
Linda Velez Scullane Clerk | OfficerTrustee | 5 | $0 |
Mary Yanneth Bermudezcamp Director | Trustee | 1 | $0 |
Leona Whetzel Director | Trustee | 1 | $0 |
Ramon Gonzalez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,329,368 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,348 |
| Noncash contributions included in lines 1a–1f | $27,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,668,216 |
| Total Program Service Revenue | $0 |
| Investment income | $309 |
| 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 | $1,668,525 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $699,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,002 |
| Payroll taxes | $64,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,266 |
| Advertising and promotion | $3,423 |
| Office expenses | $23,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $572,242 |
| Travel | $15,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,693 |
| Interest | $10,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,383 |
| All other expenses | $5,971 |
| Total functional expenses | $1,962,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $128,094 |
| 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 | $11,177 |
| Net Land, buildings, and equipment | $1,017,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,623,620 |
| Accounts payable and accrued expenses | $257,926 |
| Grants payable | $0 |
| Deferred revenue | $209,738 |
| 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 | $251,892 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $719,556 |
| Net assets without donor restrictions | $904,064 |
| Net assets with donor restrictions | $0 |
| 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 | $1,623,620 |