Centro Hispano Inc
- Assets
- $9.0m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 51
- Location
- Madison, WI
- Founding
- 03/1984
- Data as of
- 12/2022
- EIN
- 93-0844812
Organization Overview
Centro Hispano Inc, operating under the name Centro Hispano Of Dane County, is located in Madison, WI. The organization was established in 1984. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Centro Hispano Of Dane County employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Hispano Of Dane County 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, Centro Hispano Of Dane County generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 8 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 TO THE HISPANIC COMMUNITY SUPPORTIVE PROGRAMS DESIGNED TO ENABLE INDIVIDUALS AND FAMILIES TO COPE WITH, ADJUST TO, AND PARTICIPATE IN THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL SUPPORT - THE PROGRAM SUPPORTS IMMIGRANTS THROUGH ADVOCACY AND LANGUAGE ASSISTANCE TO OVERCOME CULTURAL AND LINGUISTIC BARRIERS.
THE JUVENTUD PROGRAM PROVIDES ACADEMIC SUPPORT, PARENT ENGAGEMENT, AND LEADERSHIP DEVELOPMENT TO MIDDLE SCHOOL AGED LATINO YOUTH AND THEIR FAMILIES. CURRENTLY JUVENTUD PROGRAMS ARE OPERATED IN FIVE MADISON MIDDLE SCHOOLS. WITH THE HELP OF VOLUNTEER MENTORS, JUVENTUD SERVES APPROXIMATELY 100 LATINO YOUTH ANNUALLY, PROVIDING QUALITY, CONSISTENT, INTENSIVE SUPPORT THROUGHOUT MIDDLE SCHOOL TO YOUTH SO THAT THEY ARE ACADEMICALLY ENGAGED AND PREPARED FOR HIGH SCHOOL.
ESCALERA - THE ESCALERA PROGRAM IS BASED ON A NATIONAL MODEL FROM UNIDOSUS AND OPERATES IN FOUR AREA HIGH SCHOOLS. THE PROGRAM FOCUSES ON THE TRANSITION FROM 8TH TO 9TH GRADE, AND THEN ALSO PREPARES STUDENTS FOR COLLEGE AND CAREERS THROUGH A ROBUST CURRICULUM THAT EXTENDS THROUGH THE 12TH GRADE, TARGETING ISSUES OF CULTURE, IDENTITY, AND SCHOOL ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Francisco Welke Vice President | OfficerTrustee | 1 | $0 |
Felipe Noboa President | OfficerTrustee | 1 | $0 |
Rich Lynch Director | Trustee | 1 | $0 |
Cesar Pinzon Director | Trustee | 1 | $0 |
Christina Demakopoulos Director | Trustee | 1 | $0 |
Suzanne Johnson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $434,208 |
| Membership dues | $0 |
| Fundraising events | $88,691 |
| Related organizations | $0 |
| Government grants | $943,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,304,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,770,457 |
| Total Program Service Revenue | $20,880 |
| Investment income | $393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,569 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,800,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $228,585 |
| Grants and other assistance to domestic individuals. | $271,663 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,042 |
| Compensation of current officers, directors, key employees. | $24,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,669,583 |
| Pension plan accruals and contributions | $20,748 |
| Other employee benefits | $174,189 |
| Payroll taxes | $142,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,930 |
| Fees for services: Accounting | $60,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $566,472 |
| Advertising and promotion | $0 |
| Office expenses | $115,386 |
| Information technology | $31,029 |
| Royalties | $0 |
| Occupancy | $69,606 |
| Travel | $17,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,143 |
| Interest | $244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,809 |
| Insurance | $26,916 |
| All other expenses | $37,867 |
| Total functional expenses | $3,680,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,801 |
| Savings and temporary cash investments | $3,280,180 |
| Pledges and grants receivable | $3,349,799 |
| Accounts receivable, net | $660 |
| 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 | $6,234 |
| Net Land, buildings, and equipment | $1,680,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,111 |
| Total assets | $9,020,575 |
| Accounts payable and accrued expenses | $257,823 |
| Grants payable | $0 |
| Deferred revenue | $28,783 |
| 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 | $228,676 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $515,282 |
| Net assets without donor restrictions | $1,882,374 |
| Net assets with donor restrictions | $6,622,919 |
| 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 | $9,020,575 |
Grants Awarded
Over the last fiscal year, Centro Hispano Inc has awarded $222,736 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIDOS PURPOSE: COVID ASSISTANCE | $88,349 |
LATINO CHAMBER OF COMMERCE OF DANE COUNTY INC PURPOSE: COVID ASSISTANCE | $32,500 |
VERA COURT NEIGHBORHOOD CENTER PURPOSE: COVID ASSISTANCE | $76,887 |
LATINO ACADEMY OF WORKFORCE DEVELOPMENT INC PURPOSE: COVID ASSISTANCE | $25,000 |