Yspaniola Incorporated
- Assets
- $70.4k
- Revenue
- $272.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Jamaica Plain, MA
- Founding
- 12/2009
- Data as of
- 09/2023
- EIN
- 27-0697706
Organization Overview
Yspaniola Incorporated is located in Jamaica Plain, MA. The organization was established in 2009. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yspaniola Incorporated 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 09/2023, Yspaniola Incorporated generated $272.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $292.9k during the year ending 09/2023. While expenses have increased by 3.7% 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 CREATE A NETWORK OF COMMUNITIES WITH ACCESS TO EDUCATION, SOCIAL, AND ECONOMIC CAPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNING CENTER: PROVIDES OUT-OF-SCHOOL TIME LITERACY INSTRUCTION FOR OVER 160 CHILDREN BETWEEN THE AGES OF 3 AND 16 IN BATEY LIBERTAD.
UNIVERSITY SCHOLARSHIPS: PROVIDES FULL SCHOLARSHIPS FOR HIGH ACHIEVING YOUNG ADULTS FROM BATEY LIBERTAD.
SERVICE-LEARNING AND INTERNSHIPS: SERVICE-LEARNING TRIPS GIVES U.S. COLLEGE STUDENTS WEEK-LONG IMMERSION EXPERIENCES IN THE DOMINICAN REPUBLIC TO LEARN ABOUT THE SITUATION FACING DOMINICANS OF HAITIAN DESCENT. INTERNS SPEND 2 - 3 MONTHS LIVING AND WORKING IN ESPERANZA AND BATEY LIBERTAD TO SUPPORT AND LEARN ABOUT YSPANIOLA'S WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia So-Armah Chair | OfficerTrustee | 1 | $0 |
Jonathan Dimaio President | OfficerTrustee | 1 | $0 |
Cory Fox Director | Trustee | 1 | $0 |
Elisa Istueta Director | Trustee | 1 | $0 |
Gerald Mcelroy Director | Trustee | 1 | $0 |
Sarah Kabay Director | Trustee | 1 | $0 |
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 | $256,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,967 |
| Total Program Service Revenue | $15,384 |
| Investment income | $7 |
| 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 | $272,358 |
| 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 | $226,601 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,524 |
| Compensation of current officers, directors, key employees. | $10,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,848 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203 |
| Insurance | $1,657 |
| All other expenses | $25 |
| Total functional expenses | $292,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,896 |
| Savings and temporary cash investments | $49,003 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $9,566 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,350 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,500 |
| Other liabilities | $0 |
| Total liabilities | $5,500 |
| Net assets without donor restrictions | $64,850 |
| 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 | $70,350 |