Casa Esperanza Endowment Foundation Inc
- Assets
- $1.7m
- Revenue
- $461.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Albuquerque, NM
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 85-0479804
Organization Overview
Casa Esperanza Endowment Foundation Inc is located in Albuquerque, NM. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Casa Esperanza Endowment Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa Esperanza Endowment Foundation 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, Casa Esperanza Endowment Foundation Inc generated $461.3k 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 (6.6%) each year. All expenses for the organization totaled $652.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR THE SOLE BENEFIT OF CASA ESPERANZA, INC. BY ASSISTING IT IN CARRYING OUT ITS CHARITABLE PURPOSE.
Describe the Organization's Program Activity:
GENERATED 81,571 FOR THE SUPPORT AND BENEFIT OF CASA ESPERANZA, INC. TO ASSIST IT IN CARRYING OUT ITS EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Francke Dir. To 10/3 | Trustee | 2 | $0 |
Sharon Austin Dir. From 11 | Trustee | 2 | $0 |
Dennis Burt Director | Trustee | 2 | $0 |
Dean Cross Director | Trustee | 2 | $0 |
Nathan Stephenson Director | Trustee | 2 | $0 |
Richard Castillo Member At La | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $299,993 |
| Related organizations | $0 |
| Government grants | $55,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $864 |
| Noncash contributions included in lines 1a–1f | $292,368 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,462 |
| Total Program Service Revenue | $0 |
| Investment income | $59,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,857 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $461,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,571 |
| 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. | $49,503 |
| Compensation of current officers, directors, key employees. | $24,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,157 |
| Pension plan accruals and contributions | $5,167 |
| Other employee benefits | $16,655 |
| Payroll taxes | $17,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,998 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $520 |
| 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 | $276 |
| Insurance | $12,645 |
| All other expenses | $7,011 |
| Total functional expenses | $652,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,817 |
| Savings and temporary cash investments | $924 |
| Pledges and grants receivable | $10,922 |
| Accounts receivable, net | $4,625 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,850 |
| Prepaid expenses and deferred charges | $6,354 |
| Net Land, buildings, and equipment | $828 |
| Investments—publicly traded securities | $1,426,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,993 |
| Total assets | $1,685,866 |
| Accounts payable and accrued expenses | $29,273 |
| 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 | $13,122 |
| Total liabilities | $42,395 |
| Net assets without donor restrictions | $1,437,987 |
| Net assets with donor restrictions | $205,484 |
| 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 | $1,685,866 |