Nuestras Raices Inc
- Assets
- $687.4k
- Revenue
- $662.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Holyoke, MA
- Founding
- 09/1998
- Data as of
- 01/2024
- EIN
- 04-3182556
Organization Overview
Nuestras Raices Inc is located in Holyoke, MA. The organization was established in 1998. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 01/2024, Nuestras Raices Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuestras Raices 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 01/2024, Nuestras Raices Inc generated $662.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $669.6k during the year ending 01/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC, COMMUNITY, AND HUMAN DEVELOPMENT IN HOLYOKE, MASSACHUSETTS THROUGH PROJECTS RELATED TO FOOD AND AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTERPRISE DEVELOPMENT - COMMUNITY AGRICULTURE CENTER PROMOTING MIXED ENTERPRISE DEVELOPMENT AND COMMUNITY EDUCATION.
FOOD AND SECURITY - PARTNERSHIP BETWEEN HOLYOKE HEALTH CENTER, HOLYOKE YMCA, AND NUESTRAS RAICES TO PROMOTE AWARENESS IN COMMUNITY ABOUT OBESITY AND NUTRITION.
COMMUNITY GARDENS - REUSE OF VACANT CITY BLOCKS FOR COMMUNITY GARDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yamira Moreno Escobar President | OfficerTrustee | $0 | |
Daniel Ross Member | OfficerTrustee | $0 | |
Julio Cordero Vice President | OfficerTrustee | $0 | |
Jharikem Borrero Irizarry Treasurer | OfficerTrustee | $0 | |
Eileen Bresnahan Member | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $505,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,427 |
| Total Program Service Revenue | $31,189 |
| 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 | $662,616 |
| 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. | $78,372 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,541 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,326 |
| Office expenses | $16,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,716 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,767 |
| Interest | $2,475 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,039 |
| Insurance | $42,362 |
| All other expenses | $0 |
| Total functional expenses | $669,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,312 |
| Net Land, buildings, and equipment | $479,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $687,389 |
| Accounts payable and accrued expenses | $91,814 |
| Grants payable | $0 |
| Deferred revenue | $454,555 |
| 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 | $75,743 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $622,112 |
| Net assets without donor restrictions | $65,277 |
| 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 | $687,389 |