Immersion For Spanish Language Acquisition
- Assets
- $321.9k
- Revenue
- $487.9k
- Investments
- $0.0
- Employees
- 20
- Location
- Chapel Hill, NC
- Founding
- 09/2012
- Data as of
- 06/2021
- 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 06/2021, Immersion For Spanish Language Acquisition employed 20 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 06/2021, Immersion For Spanish Language Acquisition generated $487.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $490.1k during the year ending 06/2021. While expenses have increased by 23.7% per year over the past 6 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
EMPOWERING LATINO YOUTH AND THEIR COMMUNITIES TO BECOME BILINGUAL, GLOBAL CITIZENS THROUGH BUILDING COMMUNITY AND LEADERSHIP THROUGH EDUCATIONAL SPANISH LANUAGE AND CULTURAL IMMERSION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLA LOS SBADOS: ISLA LOS SBADOS IS A WEEKLY EDUCATIONAL HERITAGE LANGUAGE IMMERSION PROGRAM FOR CHILDREN AGES 3 TO 17 THAT AIMS TO CLOSE THE OPPORTUNITY GAP AND OPEN DOORS FOR HISPANIC/LATINO YOUTH, THEIR FAMILIES, AND THE COMMUNITY.
SPANISH ONLINE: SPANISH ONLINE IS A PROGRAM THAT PROVIDES AN OPPORTUNITY FOR STUDENTS IN KINDERGARTEN TO 5TH GRADE TO BUILD A FOUNDATION IN THE SPANISH LANGUAGE AND AN UNDERSTANDING OF CULTURAL DIVERSITY.
ISLA VERANO: ISLA VERANO IS AN EXCITING OPPORTUNITY FOR STUDENTS IN GRADES RISING KINDERGARTEN THROUGH RISING 5TH-GRADE STUDENTS TO LEARN SPANISH THROUGH CULTURE, IN A FUN AND INTERACTIVE ENVIRONMENT. AT ISLA VERANO, YOUR CHILD WILL BE IMMERSED IN AN EXCITING WORLD WHERE HE OR SHE WILL SPEAK THE LANGUAGE WHILE LEARNING ABOUT THE CULTURES OF DIFFERENT SPANISH-SPEAKING COUNTRIES THROUGH OUR "UN VIAJE DE AVENTURAS" THEME! YOUR CHILD WILL BE TRANSPORTED TO SPANISH-SPEAKING COUNTRIES BY COMBINING FANTASY, CULTURE, STORIES, AND OTHER FUN ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenice Ramirez Executive Director | Trustee | 40 | $68,525 |
Jennifer DE Lima Vice President | OfficerTrustee | 4 | $0 |
Jj Richardson Secretary | OfficerTrustee | 4 | $0 |
Kimberly Grainger Treasurer | OfficerTrustee | 1 | $0 |
Mary Jones President | OfficerTrustee | 4 | $0 |
Aerin Benavides Member | 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 | $392,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,279 |
| Total Program Service Revenue | $0 |
| 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 | $95,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,901 |
| 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. | $68,525 |
| Compensation of current officers, directors, key employees. | $68,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,948 |
| Payroll taxes | $9,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,283 |
| Advertising and promotion | $3,064 |
| Office expenses | $10,967 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,547 |
| Travel | $825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $21,162 |
| Total functional expenses | $490,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,000 |
| Savings and temporary cash investments | $266,926 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $321,926 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $166,715 |
| 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 | $61,500 |
| Other liabilities | $71,742 |
| Total liabilities | $299,957 |
| Net assets without donor restrictions | $21,969 |
| 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 | $321,926 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Immersion For Spanish Language Acquisition has recieved totaling $217,428.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $110,000 |
United Way Of The Greater Triangle Inc Durham, NC PURPOSE: GENERAL SUPPORT | $56,861 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $20,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,500 |
Neo Philanthropy Inc New York, NY PURPOSE: Program Grant | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Confederation Of Indian Industry Arlington, VA | $74,359,377 | $45,402,839 |
Roof Above Inc Charlotte, NC | $96,652,711 | $36,113,591 |
Saudi Arabian U S Business Council Inc Vienna, VA | $3,546,346 | $2,319,248 |
Nashville International Center For Empowerment Nashville, TN | $897,200 | $2,966,739 |
Afro-American Cultural Center Inc Charlotte, NC | $10,610,750 | $1,926,817 |
Conquistadores Del Cielo Williamsburg, VA | $361,595 | $2,072,328 |
The International School Of Charlottesvlle Inc Charlottesville, VA | $2,986,526 | $2,354,548 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
American Turkish Council Arlington, VA | $0 | $1,588,052 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Our Pride Encompasses Nashville Nashville, TN | $362,350 | $788,648 |
Grandfather Mountain Highland Games Inc Linville, NC | $1,465,874 | $680,142 |