Spanish American Basic Education And Rehabilitation Inc Saber
- Assets
- $1.4m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Miami, FL
- Founding
- 11/1972
- Data as of
- 06/2023
- EIN
- 58-1126894
Organization Overview
Spanish American Basic Education And Rehabilitation Inc Saber, operating under the name Saber Inc, is located in Miami, FL. The organization was established in 1972. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2023, Saber Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saber 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 06/2023, Saber Inc generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. 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
THE MISSION OF SABER INC IS TO FOSTER THE GROWTH OF THE INDIVIDUALS TO ALLOW THEM TO BECOME BETTER MEMBERS OF THIS SOCIETY BY ADVANCING THEIR EDUCATION IN SPECIFIC SEGMENTS OF KNOWLEDGE THROUGH EDUCATION AND TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A NOT-FOR-PROFIT ENTITY THE MISSION OF SABER IS TO FOSTER GROWTH OF THE INDIVIDUAL TO ALLOW THEM TO BECOME BETTER MEMBERS OF THE SOCIETY BY ADVANCING THEIR EDUCATION IN SPECIFIC SEGMENTS OF KNOWLEDGE THROUGH EDUCATION AND TRAINING PROGRAMS THAT HELP TO IMPROVE THEIR JOB SKILLS. THE ORGANIZATION HAD OVER 250 ACTIVE STUDENTS DURING THE PAST FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hector Gasca President | Trustee | 2 | $0 |
Hilda Portilla Director | Trustee | 2 | $0 |
Raul L Rodriguez Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $358,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,926 |
| Total Program Service Revenue | $4,315,710 |
| 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 | $4,674,636 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,056,652 |
| 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 | $40,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,360 |
| Office expenses | $184,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $396,964 |
| Travel | $9,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,481 |
| Insurance | $10,094 |
| All other expenses | $27,447 |
| Total functional expenses | $4,578,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $453,980 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,683 |
| Accounts receivable, net | $692,942 |
| 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 | $78,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,930 |
| Total assets | $1,390,697 |
| Accounts payable and accrued expenses | $3,546 |
| Grants payable | $0 |
| Deferred revenue | $321,981 |
| 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 | $558,687 |
| Total liabilities | $884,214 |
| Net assets without donor restrictions | $506,483 |
| 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 | $1,390,697 |