La Esperanza Inc
- Assets
- $736.9k
- Revenue
- $718.9k
- Investments
- $0.0
- Employees
- 18
- Location
- Georgetown, DE
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 31-1606956
Organization Overview
La Esperanza Inc is located in Georgetown, DE. The organization was established in 1999. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, LA Esperanza Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Esperanza 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 12/2021, LA Esperanza Inc generated $718.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $688.0k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEEK TO ENRICH OUR COMMUNITIES BY WELCOMING CULTURAL DIVERSITY AND BY PROVIDING SERVICES TO OUR CLIENTS TO HELP THEM PROGRESS TOWARDS EMPLOYMENT, EDUCATION, SELF-SUFFICIENCY AND CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE QUALITY OF LIFE OF THE IMMIGRANT COMMUNITY THROUGH EDUCATIONAL, CULTURAL AND LEADERSHIP DEVELOPEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paco Hernandez Treasurer | OfficerTrustee | 2 | $0 |
Ned Gladfelter Secretary | OfficerTrustee | 1 | $0 |
Alina Ferrer President | OfficerTrustee | 2 | $0 |
Bob J Kime Vice Preside | OfficerTrustee | 1 | $0 |
Patricia Rivera Director | Trustee | 2 | $0 |
Peter Schaffer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,773 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,502 |
| Total Program Service Revenue | $29,755 |
| Investment income | $34 |
| 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 | $718,906 |
| 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. | $74,015 |
| Compensation of current officers, directors, key employees. | $15,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,208 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,755 |
| Payroll taxes | $35,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$100 |
| Fees for services: Accounting | $5,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,647 |
| Advertising and promotion | $0 |
| Office expenses | $5,604 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,167 |
| Travel | $1,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,735 |
| Insurance | $15,570 |
| All other expenses | $5,876 |
| Total functional expenses | $687,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,725 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,554 |
| 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 | $4,904 |
| Net Land, buildings, and equipment | $221,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $736,939 |
| Accounts payable and accrued expenses | $13,982 |
| 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 | $7,786 |
| Total liabilities | $21,768 |
| Net assets without donor restrictions | $347,696 |
| Net assets with donor restrictions | $367,475 |
| 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 | $736,939 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that La Esperanza Inc has recieved totaling $43,007.
| Awarding Organization | Amount |
|---|---|
Chichester Dupont Foundation Inc Wilmington, DE PURPOSE: SUPPORT TRAINING PROGRAM FOR DOJ IMMIGRATION COUNSELOR ACCREDITATION | $20,000 |
Robin Foundation Wilmington, DE PURPOSE: GENERAL | $10,000 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: HOMELESSNESS PREVENTION SERVICES | $10,000 |
Milton & Hattie Kutz Foundation Wilmington, DE PURPOSE: CHARITABLE | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Electrical Training Alliance Bowie, MD | $46,161,520 | $37,934,095 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |
Eastern Atlantic States Carpenters Technical College Philadelphia, PA | $14,328,660 | $6,924,336 |
Heating Piping & Refrigeration Training Fund Landover, MD | $40,125,047 | $11,368,274 |
Private Industry Council Of Passaic County Incorporated Paterson, NJ | $8,802,108 | $8,665,964 |
Northeastern Joint Apprenticeship And Training Trust Fund Douglassville, PA | $22,903,103 | $9,711,696 |