Hola Carolina
- Assets
- $743.2k
- Revenue
- $880.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Asheville, NC
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 82-2943079
Organization Overview
Hola Carolina is located in Asheville, NC. The organization was established in 2017. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Hola Carolina employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hola Carolina 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 12/2022, Hola Carolina generated $880.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 72.1% each year . All expenses for the organization totaled $893.6k during the year ending 12/2022. While expenses have increased by 74.4% per year over the past 5 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.
Since 2021, Hola Carolina has awarded 16 individual grants totaling $447,680. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HOLA CAROLINA IS TO BUILD BRIDGES BETWEEN CULTURES, EMBRACE DIVERSITY, AND CREATE MORE ECONOMICALLY VIBRANT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUALLY INFORMED INITIATIVE HOLA CAROLINA EXPLORES AND GIVES A CRITICAL VOICE TO THE DIVERSITY OF OUR COMMUNITY. OUR COMMUNICATIONS TEAM FILLS THE GAP IN NEWS INFORMATION, COMBATS MISINFORMATION AND IMPROVES COMMUNICATION FOR THE SPANISH-SPEAKING COMMUNITY IN 2022, PRODUCED 5,483 NEWS STORIES IN SPANISH.
EQUITY IN HEALTH FOR IMMIGRANT COMMUNITIES HEALTH EQUITY IS THE STATE IN WHICH EVERYONE HAS A FAIR AND JUST OPPORTUNITY TO ATTAIN THEIR HIGHEST LEVEL OF HEALTH. OUR FOCUS IN 2022 WAS ADDRESSING FOOD INSECURITIES AND ENSURING AFFORDABLE HEALTH COVERAGE FOR IMMIGRANT POPULATIONS. HOLA CAROLINA DISTRIBUTED 84,000 LBS OF FOOD TO MORE THAN 8,300 IMMIGRANT FAMILIES. IN ADDITION, 48 OUTREACH EVENTS WERE DESIGNED TO EDUCATE ELIGIBLE BUT UNENROLLED IMMIGRANT RESIDENTS ABOUT HEALTHCARE INSURANCE OPTIONS.
EDUCATION & OUTREACH HOLA CAROLINA PROGRAMS BRIDGE CULTURAL COMMUNICATION BETWEEN GOVERNMENT, BUSINESS AND HISTORICALLY UNDERREPRESENTED AND UNDERSERVED COMMUNITIES. IN 2022, 76,841 PEOPLE PARTICIPATED IN OUR EDUCATION & OUTREACH EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adriana Chavela-Falcon Executive Director | OfficerTrustee | 40 | $12,375 |
Ronald J Stamey Highest Compensated Employee | 40 | $139,042 | |
Gloria Villanueva Board Chair | OfficerTrustee | 2 | $0 |
Sujeil Bergman Treasurer | OfficerTrustee | 1 | $0 |
Ricardo Bello Ball Secretary | OfficerTrustee | 1 | $0 |
Micky Salsero-Perez Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $732,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,178 |
| Total Program Service Revenue | $8,708 |
| Investment income | $212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $880,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $320,230 |
| Grants and other assistance to domestic individuals. | $4,014 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,007 |
| Compensation of current officers, directors, key employees. | $40,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $4,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,697 |
| Advertising and promotion | $22,074 |
| Office expenses | $32,852 |
| Information technology | $3,310 |
| Royalties | $0 |
| Occupancy | $9,858 |
| Travel | $49,787 |
| 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 | $39,324 |
| Insurance | $9,809 |
| All other expenses | $6,691 |
| Total functional expenses | $893,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,824 |
| Savings and temporary cash investments | $420,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $9,956 |
| 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 | $228,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,717 |
| Other assets | $0 |
| Total assets | $743,160 |
| Accounts payable and accrued expenses | $3,844 |
| 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 | $3,844 |
| Net assets without donor restrictions | $739,316 |
| 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 | $743,160 |
Grants Awarded
Over the last fiscal year, Hola Carolina has awarded $320,180 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOUNTY AND SOUL PURPOSE: Community Support | $25,000 |
CHARLOTTE CENTER FOR LEGAL ADVOCACY PURPOSE: Community Support | $15,000 |
CENTRO UNIDO LATINO AMERICANO PURPOSE: Community Support | $73,340 |
EL PUENTE HISPANO PURPOSE: Community Support | $15,000 |
UNIDX WNC PURPOSE: Community Support | $96,840 |
UNETE INC PURPOSE: Community Support | $25,000 |