Ninos De Nueva Esperanza Inc
- Assets
- $947.4k
- Revenue
- $471.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Sabana Seca, PR
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 66-0607020
Organization Overview
Ninos De Nueva Esperanza Inc is located in Sabana Seca, PR. The organization was established in 2007. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Ninos DE Nueva Esperanza Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ninos DE Nueva 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 12/2023, Ninos DE Nueva Esperanza Inc generated $471.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $511.3k during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 4 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
TO OFFER A PHYSICAL AND EMOTIONAL SPACE TO THE CHILDREN OF THE COMMUNITY, TO COLLABORATE WITH THE FAMILIES IN THE CHILDERN'S ACADEMIC LEARNING PROCESS BY MEANS OF TUTORSHIP, AND TO PROMOTE THE SPIRITUAL, CULTURAL AND SOCIAL DIMENSIONS AS PART OF THEIR INTEGRAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OFFER A PHYSICAL AND EMOTIONAL SPACE TO THE CHILDREN OF THE COMMUNITY, TO COLLABORATE WITH THE FAMILIES IN THE CHILDREN'S ACADEMIC LEARNING PROCESS BY MEANS OF TUTORSHIP, AND TO PROMOTE THE SPIRITUAL, CULTURAL AND SOCIAL DIMENSIONS AS PART OF THEIR INTEGRAL DEVELOPMENT.
ORGANIZACIN Y RESUMEN DE PRCTICAS DE CONTABILIDAD ORGANIZACIN: NIOS DE NUEVA ESPERANZA, INC. (LA ORGANIZACIN) ES UNA ORGANIZACIN SIN FINES DE LUCRO CREADA AL AMPARO DE LAS LEYES DEL ESTADO LIBRE ASOCIADO DE PUERTO RICO SEGN CONSTA EN EL EXPEDIENTE NMERO 36191 FECHADO EL 28 DE FEBRERO DE 2001 DEL DEPARTAMENTO DE ESTADO. EL OBJETIVO PRINCIPAL DE LA ORGANIZACIN ES DESARROLLAR LA COMUNIDAD DE SABANA SECA FORTALECIENDO LAS FAMILIAS A TRAVS DEL DESARROLLO INTEGRAL DE LOS NIOS Y NIAS EN LOS QUE SE PROMUEVAN, POR MEDIO DE PROGRAMAS ALTERNATIVOS, SUS DIMENSIONES SOCIALES, EMOCIONALES, ESPIRITUALES, Y CULTURALES. COMO UNA ORGANIZACIN SIN FINES DE LUCRO, LA ORGANIZACIN EST EXENTA DEL PAGO DE IMPUESTOS SOBRE INGRESOS, PROPIEDAD MUEBLE Y PATENTES MUNICIPALES BAJO LA SECCIN 1101(4) DEL CDIGO DE RENTAS INTERNAS DE PUERTO RICO DE 1994, SEGN ENMENDADO, Y DE IMPUESTOS FEDERALES BAJO LA SECCIN 501(C)(3) DEL CDIGO DE RENTAS INTERNAS DE LOS ESTADOS UNIDOS DE AMRICA. A CONTINUACIN, UNA DESCRIPCIN DE LAS CATEGORAS DE PROGRAMAS PRINCIPALES DE LA ORGANIZACIN: REA EDUCATIVA: PROGRAMAS DIRIGIDOS AL DESARROLLO EDUCATIVO ALTERNATIVO: TUTORAS, MERIENDAS, EDUCACIN DE LA SALUD Y TALLERES EDUCATIVOS. REA PSICO-SOCIAL: PROGRAMAS DIRIGIDOS AL DESARROLLO PSICO-SOCIAL: SERVICIOS PSICOLGICOS, TRABAJO SOCIAL, TERAPIA DEL HABLA, TERAPIA OCUPACIONAL, ORIENTACIN Y CONSEJERA Y TALLERES PSICO-EDUCATIVOS. REA SOCIO-CULTURAL: PROGRAMAS DIRIGIDOS AL DESARROLLO SOCIO-CULTURAL: TALLERES ARTSTICOS (ARTE, MSICA, BAILE), CAMPAMENTO DE VERANO Y ACTIVIDADES COMUNITARIAS. REA DEPORTIVA: PROGRAMAS DIRIGIDOS AL DESARROLLO DEPORTIVO (BALONCESTO, TENIS, NATACIN, VOLEIBOL, Y OTRAS ACTIVIDADES DEPORTIVAS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raul Hernandez CPA Treasurer | Trustee | $0 | |
Sandra Jimenez Vice-Preside | Trustee | $0 | |
Janette Baez CPA Vocal | Trustee | $0 | |
Maria Recurt Secretary | Trustee | $0 | |
Boris Jaskille President | Trustee | $0 | |
Gerardo Vargas Vocal | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $362,134 |
| Noncash contributions included in lines 1a–1f | $82,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,276 |
| Total Program Service Revenue | $0 |
| Investment income | $50,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,747 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $471,330 |
| 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 | $134,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $16,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,864 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $2,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,296 |
| Insurance | $2,878 |
| All other expenses | $5,774 |
| Total functional expenses | $511,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,822 |
| 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 | $4,324 |
| Net Land, buildings, and equipment | $345,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $458,062 |
| Total assets | $947,406 |
| Accounts payable and accrued expenses | $20,083 |
| 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 | $20,083 |
| Net assets without donor restrictions | $652,338 |
| Net assets with donor restrictions | $274,985 |
| 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 | $947,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centro De Apoyo Para El Desarrollo De La Union Familiar Inc San Juan, PR | $349,712 | $1,350,423 |
Hunger Corp Manati, PR | $28,663 | $567,278 |
Ninos De Nueva Esperanza Inc Sabana Seca, PR | $947,406 | $471,330 |
El Instituto De Orientacion Y Terapia Familiar Caguas, PR | $123,205 | $232,885 |
Instituto Del Hogar Celia Y Harris Bunker Inc San Juan, PR | $99,402 | $181,345 |
Reborn Family Center Inc Coto Laurel, PR | $35,248 | $0 |
Proyecto La Nueva Esperanza Inc San Antonio, PR | $106,229 | $0 |
Fundacion Cabecitas De Algodon Cidra, PR | $5,684 | $0 |