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Nonprofiteer
← ENLACE LATINO NC INC

Form 990 for tax year 2024

Filed by ENLACE LATINO NC INC.

Totals

Total revenue
$1,457,874
Total expenses
$1,116,604
Contributions and grants received
$1,314,786
Grants paid
$0
Program service revenue
$143,088
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,537,006
Total liabilities, end of year
$11,278
Net assets or fund balances, end of year
$1,525,728
Program services expenses (Part IX)
$941,667
Management and general expenses
$132,570
Fundraising expenses
$42,367
Program service expenses (Part III)
$941,667

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $25,000

  • 1f · All other contributions, gifts and grants

    $1,289,786

  • 2a · Program service revenue: CORPORATE SPONSORSHIPS

    total $125,700 · related or exempt $125,700

  • 2b · Program service revenue: PROGRAM SERVICES

    total $15,451 · related or exempt $15,451

  • 2c · Program service revenue: PROGRAMMATIC SPONSORSH

    total $1,937 · related or exempt $1,937

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $88,000 · program services $35,200 · management and general $44,000 · fundraising $8,800

  • 7 · Other salaries and wages

    total $309,868 · program services $276,439 · management and general $16,108 · fundraising $17,321

  • 9 · Other employee benefits

    total $23,635 · program services $19,241 · management and general $2,996 · fundraising $1,398

  • 10 · Payroll taxes

    total $31,726 · program services $24,746 · management and general $4,759 · fundraising $2,221

  • 11b · Fees: legal

    total $2,000 · management and general $2,000

  • 11c · Fees: accounting

    total $57,300 · management and general $57,300

  • 11g · Fees: other

    total $371,256 · program services $359,332 · fundraising $11,924

  • 12 · Advertising and promotion

    total $45,934 · program services $45,669 · fundraising $265

  • 13 · Office expenses

    total $6,180 · program services $5,801 · management and general $255 · fundraising $124

  • 14 · Information technology

    total $101,119 · program services $100,530 · management and general $589

  • 17 · Travel

    total $32,342 · program services $32,342

  • 22 · Depreciation, depletion and amortization

    total $2,668 · management and general $2,668

  • 23 · Insurance

    total $14,047 · program services $12,642 · management and general $1,405

  • 24a · Other expenses: MEMBERSHIPS & SUBSCRIPT

    total $21,303 · program services $21,303

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $7,848 · program services $7,534 · fundraising $314

  • 24c · Other expenses: SEMINARS AND TRAINING

    total $813 · program services $813

  • 24d · Other expenses: MISCELANEOUS EXPENSE

    total $565 · program services $75 · management and general $490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,153,464 · end of year $1,499,255

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,133 · end of year $8,363

  • 10a · Land, buildings and equipment: cost or other basis

    $8,004

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,696

  • 10c · Land, buildings and equipment, net

    beginning of year $6,976 · end of year $4,308

  • 15 · Other assets

    beginning of year $25,080 · end of year $25,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,195 · end of year $11,278

  • 27 · Net assets without donor restrictions

    beginning of year $413,723 · end of year $1,185,284

  • 28 · Net assets with donor restrictions

    beginning of year $770,735 · end of year $340,444

Mission and programs · 2024

Mission

ENLACE LATINO NC IS NORTH CAROLINA'S FIRST NONPROFIT DIGITAL NEWS ORGANIZATION IN SPANISH. OUR MISSION IS TO EMPOWER THE DIVERSE COMMUNITY OF LATINX IMMIGRANTS IN NORTH CAROLINA TO BECOME MORE INVOLVED IN THE POLITICAL AND SOCIAL CHANGES THAT AFFECT THEM. WE DO THAT BY PUBLISHING INDEPENDENT, NON-PARTISAN, PUBLIC SERVICE JOURNALISM IN SPANISH ABOUT LOCAL AND FEDERAL POLITICS, GOVERNMENT, IMMIGRATION, AND COMMUNITY AFFAIRS.

  • ENLACE LATINO NC IS NORTH CAROLINA'S FIRST NONPROFIT DIGITAL NEWS ORGANIZATION IN SPANISH. OUR MISSION IS TO EMPOWER THE DIVERSE COMMUNITY OF LATINX IMMIGRANTS IN NORTH CAROLINA TO BECOME MORE INVOLVED IN THE POLITICAL AND SOCIAL CHANGES THAT AFFECT THEM. WE DO THAT BY PUBLISHING INDEPENDENT, NON-PARTISAN, PUBLIC SERVICE JOURNALISM IN SPANISH ABOUT LOCAL AND FEDERAL POLITICS, GOVERNMENT, IMMIGRATION, AND COMMUNITY AFFAIRS.

    Expenses $941,667 · Revenue $143,088

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizar Posada

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Ana Blackburn

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Berenice Malagon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paola Jaramillo

    EXECUTIVE DIRECTOR

    Total calculated
    $88,000
    From this org
    $88,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
2 July 2025
IRS schema version
2024v5.2
Source object
202511889349300966

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