Fuente Latina Inc
- Assets
- $1.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Miami, FL
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-1624899
Organization Overview
Fuente Latina Inc is located in Miami, FL. The organization was established in 2015. According to its NTEE Classification (Q01) the organization is classified as: Alliances & Advocacy, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Fuente Latina Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuente 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 12/2021, Fuente Latina Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $1.5m 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
FUENTE LATINA HAS BEEN ORGANIZED TO PROVIDE EDUCATIONAL PROGRAMS AND EVENTS FOR SPANISH-LANGUAGE SPEAKERS AROUND THE WORLD. MORE SPECIFICALLY, THE ORGANIZATION WORKS TO REDUCE LANGUAGE BARRIERS BY PROVIDING EDUCATIONAL PROGRAMS AND EVENTS ON CURRENT MIDDLE EAST SECURITY AND POLITICAL SITUATIONS TO SPANISH-SPEAKING INDIVIDUALS AROUND THE WORLD. BY PROVIDING THESE EDUCATIONAL PROGRAMS, FUENTE LATINA WILL WORK TO EDUCATE SPANISH SPEAKERS, PARTICULARLY SPANISH-SPEAKING MEDIA, ON MIDDLE EAST ISSUES BY REMOVING GEOGRAPHICAL AND LINGUISTIC BARRIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUENTE LATINA HAS BEEN ORGANIZED TO PROVIDE EDUCATIONAL PROGRAMS AND EVENTS FOR SPANISH-LANGUAGE SPEAKERS AROUND THE WORLD. MORE SPECIFICALLY, THE ORGANIZATION WORKS TO REDUCE LANGUAGE BARRIERS BY PROVIDING EDUCATIONAL PROGRAMS AND EVENTS ON CURRENT MIDDLE EAST SECURITY AND POLITICAL SITUATIONS TO SPANISH-SPEAKING INDIVIDUALS AROUND THE WORLD. BY PROVIDING THESE EDUCATIONAL PROGRAMS, FUENTE LATINA WILL WORK TO EDUCATE SPANISH SPEAKERS, PARTICULARLY SPANISH-SPEAKING MEDIA, ON MIDDLE EAST ISSUES BY REMOVING GEOGRAPHICAL AND LINGUISTIC BARRIERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Soibel Founder/ceo | OfficerTrustee | 40 | $180,000 |
Bertha Merikanskas La Executive Director | 40 | $174,375 | |
Evenlyn Drezner-Faigenblat Secretary | OfficerTrustee | 2 | $0 |
Claudia Dornbusch Immediate Past Chair | OfficerTrustee | 5 | $0 |
Lois R Fishman Chair | OfficerTrustee | 2 | $0 |
Fred Siegman Past Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,570 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,614,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,755,002 |
| Total Program Service Revenue | $70,742 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,826,625 |
| 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. | $354,375 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $495,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,642 |
| Payroll taxes | $60,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,453 |
| Advertising and promotion | $0 |
| Office expenses | $65,315 |
| Information technology | $1,955 |
| Royalties | $0 |
| Occupancy | $21,188 |
| Travel | $9,039 |
| 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 | $13,149 |
| All other expenses | $3,415 |
| Total functional expenses | $1,465,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,750 |
| Savings and temporary cash investments | $1,673,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,639 |
| 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 | $1,923,115 |
| Accounts payable and accrued expenses | $8,422 |
| 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 | $0 |
| Total liabilities | $8,422 |
| Net assets without donor restrictions | $1,481,399 |
| Net assets with donor restrictions | $433,294 |
| 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 | $1,923,115 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fuente Latina Inc has recieved totaling $1,800.
| Awarding Organization | Amount |
|---|---|
Bruce And Tammy Werner Foundation Lincolnshire, IL PURPOSE: GENERAL SUPPORT | $1,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Outreach International Inc Tupelo, MS | $17,084,883 | $17,437,149 |
Florida State University International Programs Assoc Inc Tallahassee, FL | $21,887,895 | $22,858,862 |
Advocates For World Health Inc Largo, FL | $1,849,097 | $14,932,639 |
Christian Medical & Dental Society Bristol, TN | $23,493,559 | $15,260,039 |
Kids Alive International Inc Alpharetta, GA | $13,632,036 | $14,142,637 |
The Family Health International Foundation Durham, NC | $209,852,985 | -$28,169,505 |
Compassion Heritage Foundation Inc Jacksonville, FL | $2,359,960 | $11,606,072 |
American Leprosy Missions Inc Greenville, SC | $13,933,685 | $11,713,993 |
American Nicaraguan Foundation Inc Miami, FL | $7,615,925 | $10,644,031 |
Rafiki Foundation Incorporated Eustis, FL | $23,488,735 | $10,619,159 |
American Friends Of The Israel Democracy Institute Inc Atlanta, GA | $23,606,673 | $31,712,048 |
African Mission Healthcare Foundation DeLand, FL | $29,885,359 | $23,989,461 |