Centro Esperanza Inc
- Assets
- $1.2m
- Revenue
- $640.0k
- Investments
- $0.0
- Employees
- 18
- Location
- Loiza, PR
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 66-0479375
Organization Overview
Centro Esperanza Inc is located in Loiza, PR. The organization was established in 2005. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Centro Esperanza Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Esperanza 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 06/2022, Centro Esperanza Inc generated $640.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $666.2k during the year ending 06/2022. While expenses have increased by 7.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION MISSION IS TO PROMOTE AND FACILITATE THE INTEGRAL DEVELOPMENT OF THE CHILDREN AND FAMILIES OF LIMITED FINANCIAL RESOURCES OF LOIZA AND NEIGHBORING TOWNS THROUGH AN EXCELLENCE IN THE EDUCATION AND TO SERVE AS SUPPORT TO THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORY PROGRAM. THE PROGRAM IS DESIGNED TO PROVIDE EDUCATION BASED ON MONTESSORI METHOD FOR CHILDREN WITHIN AGE 1.5 TO 9 AND STUDENTS FROM PRE KINDERGARTEN TO THIRD GRADE. TRANSPORTATION AND NUTRITION ARE OFFERED TO STUDENTS. SINCE INCEPTION IN THE YEAR 2009, THE PROGRAM SERVES APPROXIMATELY 841 STUDENTS.
MUSIC PROGRAM. MELODIAS DE ESPERANZA. THE MUSIC PROGRAM PROVIDES INDIVIDUALIZED MUSIC EDUCATION TO YOUTHS WITHIN THE AGE OF 4 TO 18 YEARS OLD. THE PROGRAM COMBINES THEORY AND PRACTICE TO PREPARE THE STUDENTS TO CONTINUE MUSIC EDUCATION IN OTHER SPECIALIZED MUSIC SCHOOLS AND UNIVERSITIES. SINCE INCEPTION IN THE YEAR 2003 THE PROGRAM HAS SERVES MORE THAN 750 CHILDS AND YOUTHS OF LOIZA AND NEIGHBORING TOWNS.
"VIDA Y ESPERANZA"PROGRAM. THE PROGRAM OFFERS COUNSELING AND PSYCHOLOGY THERAPY TO COUPLES, FAMILIES AND INDIVIDUALS AFFECTED BY VIOLENCE. ALSO, PROVIDES PSYCHOLOGY EVALUATIONS AND PSYCHOMETRICS TESTS TO CHILD WHOSE FAMILIES DOES NOT HAVE THE ECONOMIC RESOURCES. SINCE INCEPTION THE PROGRAM HAS SERVED APPROXIMATELY 3,745 PARTICIPANTS OF THE MUNICIPALITY OF LOIZA AND ADJACENT AREAS.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sor Claribel Camacho Hc Executive Director | Officer | 40 | $3,482 |
Cesar A Osorio Casanova President | Trustee | 24 | $0 |
Rosa J Calcano Rivera Vice-President | Trustee | 24 | $0 |
Myriam E Santiago Rodriguez Treasurer | Trustee | 24 | $0 |
Elvira I Soto Mojica Board Member | Trustee | 24 | $0 |
Sor Glenda Y Rios Gonzalez Hc Secretary | Trustee | 24 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $596,885 |
| 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 | $639,989 |
| 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 | $251,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,979 |
| Information technology | $0 |
| 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 | $3,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,418 |
| Insurance | $22,450 |
| All other expenses | $72,670 |
| Total functional expenses | $666,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,751 |
| 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 | $9,232 |
| Net Land, buildings, and equipment | $1,097,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $1,208,332 |
| Accounts payable and accrued expenses | $12,233 |
| 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 | $3,793 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,026 |
| Net assets without donor restrictions | $1,106,966 |
| Net assets with donor restrictions | $85,340 |
| 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 | $1,208,332 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Centro Esperanza Inc has recieved totaling $55,628.
| Awarding Organization | Amount |
|---|---|
Fondos Unidos De Puerto Rico Inc Santurce, PR PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES | $55,588 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centro De Adultos Y Ninos Con Impedimentos Inc Isabela, PR | $6,564,329 | $3,064,191 |
Hogar Albergue Jesus De Nazaret Mayaguez, PR | $1,289,085 | $662,614 |
Centro Esperanza Inc Loiza, PR | $1,208,332 | $639,989 |
Hogar Abrazo De Amor Inc Arecibo, PR | $774,369 | $651,770 |
San Agustin Del Coqui Inc Aguas Buenas, PR | $2,801,846 | $858,819 |
Centro Comunitario Rvda Ines J Figueroa Inc San Juan, PR | $290,892 | $140,024 |
Fundacion Pro-Ayuda De Puerto Rico Inc Guaynabo, PR | $657,486 | $109,341 |
Asociacion Para El Mejoramiento Instituciones Guiadas Orientadas Arecibo, PR | $81,839 | $0 |
Proyecto Vidas Inc Saint Just, PR | $7,180 | $10,660 |
Voces Fundacion Topy Mamery Inc San Juan, PR | $10,199 | $1,891 |