Latinas On The Verge Of Excellence Love Inc
- Assets
- $380.3k
- Revenue
- $385.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Queens, NY
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3732667
Organization Overview
Latinas On The Verge Of Excellence Love Inc is located in Queens, NY. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Latinas On The Verge Of Excellence Love Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latinas On The Verge Of Excellence Love 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, Latinas On The Verge Of Excellence Love Inc generated $385.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $272.5k during the year ending 12/2021. 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
L.O.V.E. SUPPORTS AND EMPOWERS YOUNG LATINAS TO STRIVE BOTH IN SCHOOL AND IN LIFE BY PROVIDING POSITIVE ROLE MODELS. THE L.O.V.E. MENTORING PROGRAM WORKS IN PARTNERSHIP WITH ORGANIZATIONS, UNIVERSITIES AND PUBLIC SCHOOLS, WHOSE MISSION ARE TO ENHANCE THE WELL BEING OF YOUNG GIRLS AND HISPANIC COMMUNITIES IN NEW YORK. THE L.O.V.E. MENTORING PROGRAM RECRUITS FEMALE UNIVERSITY STUDENTS TO SUPPORT, GUIDE, AND BE A ROLE MODEL TO YOUNG LATINAS DURING THEIR HIGH SCHOOL YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LATINAS ON THE VERGE OF EXCELLENCE - L.O.V.E. MENTORING PROGRAM SUPPORTS AND EMPOWERS YOUNG LATINAS TO STRIVE FOR SUCCESS, BOTH IN SCHOOL AND IN LIFE, THROUGH HEALTH INTERVENTIONS TARGETED AT MENTAL, REPRODUCTIVE AND PHYSICAL HEALTH AS WELL AS CAREER READINESS AND MENTORSHIP. L.O.V.E. PROVIDES MENTORSHIP SERVICES IN FIFTEEN SCHOOLS IN THE NEW YORK AREA. ALL L.O.V.E. MENTEES WERE PROMOTED TO THE NEXT GRADE LEVEL, GRADUATED FROM HIGH SCHOOL AND ENROLLED INTO COLLEGE. WE HAD 350 L.O.V.E. MENTEES IN THE YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Espinosa Executive Director | OfficerTrustee | 40 | $70,577 |
Wendy Reynoso Co-Chair | OfficerTrustee | 1 | $0 |
Anjanette Cabrera Co-Chair | OfficerTrustee | 1 | $0 |
Michelle Warra Treasurer | OfficerTrustee | 1 | $0 |
Danna Deblasio Secretary | OfficerTrustee | 1 | $0 |
Diana Gasperoni Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,500 |
| Related organizations | $0 |
| Government grants | $128,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,101 |
| Total Program Service Revenue | $129,625 |
| Investment income | $219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,861 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,898 |
| Compensation of current officers, directors, key employees. | $15,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $832 |
| Payroll taxes | $14,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600 |
| Advertising and promotion | $420 |
| Office expenses | $6,245 |
| Information technology | $227 |
| Royalties | $0 |
| Occupancy | $33,295 |
| Travel | $3,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,850 |
| All other expenses | $14,865 |
| Total functional expenses | $272,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,771 |
| Savings and temporary cash investments | $146,093 |
| Pledges and grants receivable | $62,997 |
| Accounts receivable, net | $39,241 |
| 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 | $244 |
| 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 | $380,346 |
| Accounts payable and accrued expenses | $4,410 |
| Grants payable | $0 |
| Deferred revenue | $38,644 |
| 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 | $43,054 |
| Net assets without donor restrictions | $304,944 |
| Net assets with donor restrictions | $32,348 |
| 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 | $380,346 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Latinas On The Verge Of Excellence Love Inc has recieved totaling $85,972.
| Awarding Organization | Amount |
|---|---|
Spark Youth Nyc Inc New York, NY PURPOSE: OPERATIONAL SUPPORT | $70,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,972 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |