Mi Centro
- Assets
- $2.6m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Tacoma, WA
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 91-1488193
Organization Overview
Mi Centro is located in Tacoma, WA. The organization was established in 1991. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, MI Centro employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MI Centro 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, MI Centro generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $6.3m during the year ending 06/2022. While expenses have increased by 43.3% 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
MI CENTRO IS A NONPROFIT ORGANIZATION DEDICATED TO CULTIVATING THE ADVANCEMENT OF THE LATINO AND INDIGENOUS COMMUNITIES BY PROVIDING SOCIAL SERVICES AND EDUCATIONAL PROGRAMMING WHILE HONORING HERITAGE AND CULTURE THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MI CENTRO HAS CONTINUED TO PROVIDE FAMILY SUPPORT SERVICES TO OVER 94 VICTIMS OF DOMESTIC VIOLENCE AND SEXUAL ABUSE. THESE VICTIMS WERE PROVIDED WITH EMERGENCY SHELTER AND MOVING EXPENSES TO START A NEW HEALTHY AND SAFE LIFE. ADDITIONAL ASSISTANCE ALSO INCLUDED ADVOCACY SUPPORT ON FILING RESTRAINING ORDERS, LOOKING FOR NEW HOUSING, PROVIDING HYGIENIC PACKAGES AND PROVIDING THERAPY/COUNSELING SERVICES.
FOR THE EDUCATIONAL RESOURCES MI CENTRO HAS GRADUATED OVER 108 FELLOWS WHOM HAVE BEEN ASSISTED WITH FINANCIAL STIPENDS AS WELL AS RESOURCES OF INTERNSHIPS, CIVIC ENGAGEMENT PROJECTS, SCHOLARSHIPS AND NETWORKING EVENTS. ONE OF OUR ADDED PROGRAMS IS THE SMALL BUSINESS NAVIGATOR PROJECT WHICH HELPED 155 LATINO SMALL BUSINESS OWNERS FORMALIZE THEIR BUSINESS LICENSING AND GAIN SUPPORT IN ACCESSING AVAILABLE RESOURCES THROUGH PIERCE COUNTY.
FOR SOCIAL SERVICES MI CENTRO, IN COLLABORATION WITH PIERCE COUNTY, HAS PROVIDED RENTAL ASSSISTANCE TO OVER 616 HOUSEHOLDS TOTALING DISTRIBUTION OF OVER $5 MILLION. THIS HAS HELPED FAMILIES TO MAINTAIN SAFE HOUSING AS THEY CONTINUE TO SURVIVE THE PANDEMIC. ALONG WITH THIS, MI CENTRO HAS ALSO PROVIDED ASSISTANCE TO COMMUNITIES VIA 2,246 PHONE CALLS RECIEVED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose Mednick Board Chair | OfficerTrustee | 2 | $0 |
Antonio Sanchez PHD Vice Chair | OfficerTrustee | 2 | $0 |
David Artis Treasurer/secretary | OfficerTrustee | 2 | $0 |
Eric Gonzalez Board Member | Trustee | 1 | $0 |
Mia Gregerson Board Member | Trustee | 1 | $0 |
Yvette Yzaguirre Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,297,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,909 |
| Noncash contributions included in lines 1a–1f | $12,338 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,372,328 |
| Total Program Service Revenue | $0 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,201 |
| 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 | $6,367,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,313,626 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $15,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,982 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,380 |
| Payroll taxes | $58,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $262,295 |
| Advertising and promotion | $8,420 |
| Office expenses | $61,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,090 |
| Travel | $24,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,774 |
| Insurance | $10,703 |
| All other expenses | $125 |
| Total functional expenses | $6,319,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,312 |
| Savings and temporary cash investments | $496,975 |
| Pledges and grants receivable | $370,272 |
| 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 | $3,372 |
| Net Land, buildings, and equipment | $1,469,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,603,619 |
| Accounts payable and accrued expenses | $100,807 |
| 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 | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $600,807 |
| Net assets without donor restrictions | $1,982,283 |
| Net assets with donor restrictions | $20,529 |
| 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 | $2,603,619 |