Nuestras Raices Inc
- Assets
- $1.1m
- Revenue
- $659.7k
- Investments
- $0.0
- Employees
- 18
- Location
- Holyoke, MA
- Founding
- 09/1998
- Data as of
- 01/2017
- 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 01/2017, Nuestras Raices Inc employed 18 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 01/2017, Nuestras Raices Inc generated $659.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $673.3k during the year ending 01/2017. While expenses have increased by 18.3% per year over the past 3 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
2017
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 |
|---|---|---|---|
Billy Peard President | OfficerTrustee | $0 | |
Darwin J Cruz Member | OfficerTrustee | $0 | |
Roberto Sanchez Member | OfficerTrustee | $0 | |
Eric Taub Secretary | OfficerTrustee | $0 | |
Frankie Santos Member | OfficerTrustee | $0 | |
Alejandro Torres Member | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,984 |
| 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 | $11,302 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $659,721 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $347,769 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,319 |
| Payroll taxes | $37,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,700 |
| Office expenses | $7,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,600 |
| Travel | $8,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,411 |
| Insurance | $15,612 |
| All other expenses | $0 |
| Total functional expenses | $673,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,461 |
| 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 | $4,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,000 |
| Total assets | $1,050,765 |
| Accounts payable and accrued expenses | $23,340 |
| 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 | $263,900 |
| Total liabilities | $287,240 |
| Net assets without donor restrictions | $763,525 |
| 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 |
| Total liabilities and net assets/fund balances | $763,525 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nuestras Raices Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Lawson Valentine Foundation Princeton, NJ PURPOSE: GENERAL PURPOSE | $20,000 |
Peace Development Fund Inc Amherst, MA PURPOSE: Food Justice | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Electrical Industry Labor Management Cooperation Tr Dorchester, MA | $23,732,752 | $56,768,144 |
Dairy One Cooperative Inc Ithaca, NY | $10,249,154 | $25,724,887 |
Holstein Friesian Association Of America Brattleboro, VT | $42,888,096 | $20,454,102 |
The William H Miner Agricultural Research Institute Chazy, NY | $25,150,167 | $10,410,462 |
Grace Communications Foundation Inc New York, NY | $9,222,389 | $7,837,107 |
New Haven Ecology Project Inc New Haven, CT | $13,646,916 | $6,735,090 |
Attleboro Corporate Center Association Inc Attleboro, MA | $92,995 | $6,024,289 |
United Food And Commercial Workers International Union Dedham, MA | $6,169,904 | $6,230,011 |
Essex Agricultural Society Topsfield, MA | $13,692,899 | $6,659,006 |
Rhode Island Laborers Unified Tr Cranston, RI | $3,637,033 | $4,506,206 |
New York Farm Bureau Albany, NY | $21,413,106 | $1,125,268 |
The Livestock Institute Of Southern New England Westport, MA | $6,774,804 | $2,810,112 |