El Centro Inc
- Assets
- $222.0k
- Revenue
- $293.9k
- Investments
- $0.0
- Employees
- 5
- Location
- New Orleans, LA
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-4898926
Organization Overview
El Centro Inc is located in New Orleans, LA. The organization was established in 2018. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, El Centro Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Centro 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 12/2022, El Centro Inc generated $293.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $225.6k during the year ending 12/2022. While expenses have increased by 25.9% per year over the past 3 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
TO PROVIDE FINANCIAL LITERACY AND ENTREPRENEURIAL TRAINING TO PEOPLE OF COLOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPODERATE NOLA IS A SERIES OF BIWEEKLY WORKSHOPS AND INDIVIDUAL COACHING SESSIONS WHERE WE EXPLAIN HOW TO START AND REGISTER A BUSINESS, OBTAIN A BUSINESS LICENSE AND PERMITS, STRATEGIC PLANNING AND MARKETING, ACCOUNTING, HOW TO ACCESS COMMERCIAL CAPITAL, PERSONAL CREDIT AND FINANCIAL COUNSELING FOR HOME BUYING, SAVING, AND DEBT MANAGEMENT. IN ADDITION TO THIS WORKSHOP TOPICS INCLUDE HOW TO AVOID SCAMS AND REPORT FRAUD, THE IMPORTANCE OF BANKING, FILING PERSONAL TAXES ETC. EL CENTRO PROVIDED 250+PERSONALIZED COACHING APPOINTMENTS TO CUSTOMERS AND HOSTED 61 WORKSHOPS WITH 2367 IN PERSON PARTICIPANTS, 2609 VIEWS SINCE ALL WORKSHOPS ARE BROADCAST VIA FACEBOOK AND REACHED 16239 PEOPLE ONLINE.EL CENTRO RESPONDED TO 483 PHONE REQUESTS FOR INFORMATION THROUGHOUT THE YEAR.
CAMINO FINANCIERO (FINANCIAL ROAD MAP): 8 WEEK COHORT STYLE PROGRAM THAT EDUCATES CLIENTS IN UNDERSTANDING CREDIT, CREDIT SCORES, AND DEBT MANAGEMENT AND REPAYMENT STRATEGIES. ALSO PROVIDES BASICS TO PERSONAL BUDGETING AND BUILDING SAVINGS. THE PROGRAM ALSO PAIRS ATTENDEES WITH 2+ PERSONALIZED FINANCIAL COACHING APPOINTMENTS. THERE WERE 183 WORKSHOP ATTENDEES, 43 UNDUPLICATED PROGRAM PARTICIPANTS THEY PARTICIPATED IN MORE THAN 4 - 2.5 HOUR WORKSHOPS AND RECEIVED MORE THAN 100 HOURS OF TECHNICAL ASSISTANCE THROUGH INDIVIDUAL APPOINTMENTS.
LAS MUSAS IS A MONTHLY WORKSHOP TO EMPOWER AND SUPPORT WOMEN-OWNED BUSINESSES AND ENTREPRENEURS. THE OBJECTIVE IS TO BUILD A NETWORK OF ENTREPRENEURIAL WOMEN WHO SUPPORT ONE ANOTHER. THIS PROGRAM PROVIDES INFORMATION AND ACCESS TO RESOURCES FROM PARTNER ORGANIZATIONS, ENCOURAGES WOMEN TO PURSUE THEIR DREAMS, AND TO EDUCATE THEM IN CURRENT TRENDS AFFECTING BUSINESSES. THE PROGRAM SERVED 83 WOMEN. WHO RECEVIED 9 WORKSHOPS TOTALLING 22 HOURS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Navarro Executive Director | Officer | 40 | $37,580 |
Marina Manzanares President | Trustee | 1 | $0 |
Lilly Fincher Treasurer | Trustee | 1 | $0 |
Marlene Donovan Secretary | Trustee | 1 | $0 |
Rafael Rondon Director | Trustee | 1 | $0 |
Tawanna Hardy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,900 |
| Total Program Service Revenue | $0 |
| 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 | $293,900 |
| 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. | $37,580 |
| Compensation of current officers, directors, key employees. | $3,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30 |
| Fees for services: Accounting | $3,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,314 |
| Advertising and promotion | $5,470 |
| Office expenses | $7,676 |
| Information technology | $511 |
| Royalties | $0 |
| Occupancy | $20,760 |
| Travel | $2,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,187 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,459 |
| All other expenses | $7,689 |
| Total functional expenses | $225,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $408 |
| Total assets | $221,986 |
| Accounts payable and accrued expenses | $0 |
| 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 | $410 |
| Total liabilities | $410 |
| Net assets without donor restrictions | $221,576 |
| 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 | $221,986 |