Immersion For Spanish Language Acquisition
- Assets
- $192.9k
- Revenue
- $809.6k
- Investments
- $0.0
- Employees
- 25
- Location
- Chapel Hill, NC
- Founding
- 09/2012
- Data as of
- 06/2023
- EIN
- 45-5336885
Organization Overview
Immersion For Spanish Language Acquisition is located in Chapel Hill, NC. The organization was established in 2012. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Immersion For Spanish Language Acquisition employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Immersion For Spanish Language Acquisition 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 06/2023, Immersion For Spanish Language Acquisition generated $809.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $743.6k during the year ending 06/2023. While expenses have increased by 23.6% 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 BUILD COMMUNITY AND LEADERSHIP THROUGH EDUCATIONAL SPANISH LANGUAGE CULTURAL IMMERSION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLA VERANO & SPANISH ONLINE: ISLAS TWO SOCIAL ENTERPRISES SUPPORT THE FREE PROGRAMMING AT ISLA. ISLA VERANO IS OOUR OUTDOOR LEARNING EXPERIENCE FOR STUDENTS IN GRADES RISING KINDERGARTEN THROUGH RISING 5TH GRADE. DOZENS OF STUDENTS OF STUDENTS WERE SERVED WITH HUNDREDS OF HOURS OF SPANISH IMMERSION. SPANISH ONLINE IS A PROGRAM THAT PROVIDES OPPORTUNITIES FOR STUDENTS IN GRADES KINDERGARTEN THROUGH 5TH GRADE TO BUILD A FOUNDATION IN THE SPANISH LANGUAGE AND AN UNDERSTANDING OF CULTURAL DIVERSITY.
ISLA LOS SABADOS: A WEEKLY EDUCATIONAL HERITAGE LANGUAGE AND CULTURAL IMMERSION PROGRAM FOR CHILDREN AGES 3 TO 17 THAT AIMS TO CLOSE THE OPPORTUNITY GAP AND OPEN DOORS FOR HISPANICS AND LATINO YOUTH, THEIR FAMILIES AND COMMUNITY. SERVING OVER 150 STUDENTS AND PRODUCING OVER 60 HOURS OF SPANISH IMMERSION.
ISLA PADRES: THIS PROGRAM ASSISTS HISPANIC AND LATINO PARENTS GET ACCESS TO RESOURCES AND INFORMATION ABOUT RAISING THEIR CHILDREN, PARTICULARLY WITH THE EDUCATIONAL SYSTEM IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jj Richardson Secretary | Officer | 1 | $0 |
Jessica Pasion Treasurer | Officer | 1 | $0 |
Jennifer D Lima Vice President | Officer | 1 | $0 |
Dayson Pasion President | Officer | 1 | $0 |
Josue Cordova Executive Director | Officer | 40 | $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 | $731,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,405 |
| Total Program Service Revenue | $77,591 |
| Investment income | $639 |
| 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 | $809,635 |
| 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. | $87,822 |
| Compensation of current officers, directors, key employees. | $13,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,416 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,626 |
| Payroll taxes | $41,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $945 |
| Fees for services: Accounting | $23,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,474 |
| Advertising and promotion | $12,851 |
| Office expenses | $12,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,287 |
| Travel | $5,034 |
| 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 | $480 |
| Insurance | $6,520 |
| All other expenses | $13,935 |
| Total functional expenses | $743,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $192,889 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,593 |
| 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 | $0 |
| Total liabilities | $1,593 |
| Net assets without donor restrictions | $191,296 |
| 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 | $192,889 |