Adelante Latina Inc
- Assets
- $572.8k
- Revenue
- $335.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 46-4288885
Organization Overview
Adelante Latina Inc is located in Baltimore, MD. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adelante Latina 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 06/2021, Adelante Latina Inc generated $335.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $151.5k during the year ending 06/2021. While expenses have increased by 15.3% 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
ASSISTING HIGH-SCHOOL LATINAS IN BALTIMORE, MD. IN THEIR PREPARATION FOR COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADELANTE LATINA! HAS ONLY ONE PROGRAM, WHICH IS ASSISTING LATINAS IN BALTIMORE CITY WITH COLLEGE ADMISSIONS. THAT PROGRAM TUTORED 33 LATINA STUDENTS, HELPED 10 LATINA STUDENTS IN THEIR SENIOR YEAR OF HIGH SCHOOL GAIN ACCEPTANCE IN COLLEGES AND RAISED APPROXIMATELY $12,000 IN SCHOLARSHIP FUNDS FOR LATINA STUDENTS IN FISCAL YEAR ENDED JUNE 30, 2021.
IN RESPONSE TO THE COVID-19 PANDEMIC, THE ORGANIZATION RAISED FUNDS TO ASSIST PROGRAM PARTICIPANTS' FAMILIES, WHICH WERE DISTRIBUTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonor Blum President, Board Member | OfficerTrustee | 40 | $0 |
Mary Beth Lennon Sectry., Board Member | OfficerTrustee | 1 | $0 |
Margaret Cohen Vice Pres,, Board Member | OfficerTrustee | 1 | $0 |
Marc P Blum Treas., Board Member | OfficerTrustee | 1 | $0 |
Susan Leviton Board Member | Trustee | 1 | $0 |
Cristina Banuelos Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,427 |
| Investment income | $40,662 |
| 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 | $335,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,493 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,454 |
| Advertising and promotion | $0 |
| Office expenses | $1,059 |
| Information technology | $1,301 |
| 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 | $0 |
| Insurance | $3,241 |
| All other expenses | $0 |
| Total functional expenses | $151,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,602 |
| 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 |
| Investments—publicly traded securities | $326,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7 |
| Total assets | $572,817 |
| 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 | $0 |
| Other liabilities | $1,667 |
| Total liabilities | $1,667 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $571,150 |
Grants Awarded
Over the last fiscal year, Adelante Latina Inc has awarded $25,905 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: SCHOLARSHIPS | $14,609 |
Baltimore, MD PURPOSE: SCHOLARSHIPS | $4,187 |
Baltimore, MD PURPOSE: SCHOLARSHIPS | $3,000 |
Baltimore, MD PURPOSE: SCHOLARSHIPS | $2,288 |
Chestertown, MD PURPOSE: SCHOLARSHIPS | $1,821 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Adelante Latina Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Strauss Foundation Incorporated Owings Mills, MD PURPOSE: EDUCATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |
Benefits Data Trust Philadelphia, PA | $35,254,049 | $26,526,932 |