Progresso Latino

Organization Overview

Progresso Latino is located in Central Falls, RI. The organization was established in 1980. 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 12/2022, Progresso Latino employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progresso Latino 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 12/2022, Progresso Latino generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 9.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE AGENCY IS TO PROVIDE VARIOUS SOCIAL SERVICES TO THE HISPANIC COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADULT EDUCATION PROGRAMS PROVIDE CLASSES TO THE HISPANIC POPULATION IN ENGLISH AS A SECOND LANGUAGE (ESL), GENERAL EQUIVALENCY DIPLOMAS (GED), AND COMPUTER EDUCATION CLASSES AT A REDUCED RATE.


SOCIAL SERVICE PROGRAMS ASSIST HISPANICS WITH VARIOUS HEALTH SCREENINGS, IMMIGRATION SERVICES AND OTHER SERVICES FOR THE ELDERLY AND YOUTH POPULATION.


PRESCHOOL AND DAY CARE PROGRAMS PROVIDE MEALS AND DAYCARE WITH FEES BASED ON THE INDIVIDUAL'S ABILITY TO PAY.


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Board, Officers & Key Employees

Name (title)Compensation
Liz Goodermote
President
$0
Rafael Yepez
Vice President
$0
Nazik Fernandez
Treasurer
$0
Stephan Petrella
Secretary
$0
Edward Tavares
Board Member
$0
Jorge Mejia
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,856,546
All other contributions, gifts, grants, and similar amounts not included above$1,144,433
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,000,979
Total Program Service Revenue$430,543
Investment income $1,814
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $65,439
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,498,775

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