Fuente Latina Inc
- Assets
- $3.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Hollywood, FL
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-1624899
Organization Overview
Fuente Latina Inc is located in Hollywood, 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 12/2023, Fuente Latina Inc employed 7 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 12/2023, Fuente Latina Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 14.3% 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
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 |
|---|---|---|---|
Pepe Sigal Director | Trustee | 2 | $0 |
Leah Soibel President, Founder & CEO | OfficerTrustee | 40 | $208,750 |
Martin Craig Director | Trustee | 2 | $0 |
Ilene Adler Interim Chair | OfficerTrustee | 2 | $0 |
Evenlyn Drezner-Faigenblat Secretary | OfficerTrustee | 2 | $0 |
Claudia Dornbusch Past Chair | OfficerTrustee | 2 | $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 | $3,280,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,280,524 |
| Total Program Service Revenue | $0 |
| Investment income | $88,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,374,724 |
| 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. | $208,750 |
| Compensation of current officers, directors, key employees. | $20,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $722,027 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,162 |
| Payroll taxes | $77,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,151 |
| Fees for services: Accounting | $50,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $541,150 |
| Advertising and promotion | $22,974 |
| Office expenses | $81,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,632 |
| Travel | $100,945 |
| 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 | $8,151 |
| All other expenses | $0 |
| Total functional expenses | $2,205,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630,366 |
| Savings and temporary cash investments | $1,424,981 |
| Pledges and grants receivable | $300,000 |
| 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 | $12,350 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,460,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,828,630 |
| Accounts payable and accrued expenses | $48,525 |
| 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 | $48,525 |
| Net assets without donor restrictions | $3,480,105 |
| Net assets with donor restrictions | $300,000 |
| 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 | $3,828,630 |