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Nonprofiteer
← FUENTE LATINA INC

Form 990 for tax year 2024

Filed by FUENTE LATINA INC.

Totals

Total revenue
$5,551,014
Total expenses
$3,890,253
Contributions and grants received
$5,467,783
Grants paid
$0
Program service revenue
$0
Investment income
$83,231
Other revenue
$0
Total assets, end of year
$5,569,791
Total liabilities, end of year
$97,390
Net assets or fund balances, end of year
$5,472,401
Program services expenses (Part IX)
$3,463,880
Management and general expenses
$293,124
Fundraising expenses
$133,249
Program service expenses (Part III)
$3,463,880

Program services were 89.0% 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.

  • 1f · All other contributions, gifts and grants

    $5,467,783

  • 3 · Investment income

    total $83,231 · excluded $83,231

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $265,240 · program services $213,723 · management and general $27,082 · fundraising $24,435

  • 7 · Other salaries and wages

    total $1,194,131 · program services $1,151,091 · management and general $22,000 · fundraising $21,040

  • 8 · Pension plan contributions

    total $15,353 · program services $12,950 · management and general $1,778 · fundraising $625

  • 9 · Other employee benefits

    total $83,455 · program services $70,391 · management and general $9,665 · fundraising $3,399

  • 10 · Payroll taxes

    total $95,940 · program services $87,314 · management and general $4,361 · fundraising $4,265

  • 11b · Fees: legal

    total $18,109 · management and general $18,109

  • 11c · Fees: accounting

    total $37,123 · management and general $37,123

  • 11g · Fees: other

    total $1,445,326 · program services $1,373,001 · management and general $72,325

  • 12 · Advertising and promotion

    total $42,098 · management and general $21,049 · fundraising $21,049

  • 13 · Office expenses

    total $151,546 · program services $132,023 · management and general $10,413 · fundraising $9,110

  • 16 · Occupancy

    total $67,264 · management and general $67,264

  • 17 · Travel

    total $77,996 · program services $77,996

  • 19 · Conferences, conventions and meetings

    total $390,275 · program services $345,391 · management and general $1,175 · fundraising $43,709

  • 24a · Other expenses: Credit Card Fees

    total $6,397 · management and general $780 · fundraising $5,617

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $630,366 · end of year $242,322

  • 2 · Savings and temporary cash investments

    beginning of year $1,424,981 · end of year $2,391,278

  • 3 · Pledges and grants receivable

    beginning of year $300,000 · end of year $1,062,831

  • 9 · Prepaid expenses and deferred charges

    end of year $12,474

  • 11 · Investments: publicly traded securities

    beginning of year $1,460,933 · end of year $1,848,536

  • 15 · Other assets

    beginning of year $12,350 · end of year $12,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,525 · end of year $97,390

  • 27 · Net assets without donor restrictions

    beginning of year $3,480,105 · end of year $5,172,401

  • 28 · Net assets with donor restrictions

    beginning of year $300,000 · end of year $300,000

Mission and programs · 2024

Mission

See Schedule OFuente Latina has been organized to provide educational programs and events for Spanish-language speakers around the world. More specifically, the organization works to reduce language barriers by providing educational programs and events on current middle east security and political situations to Spanish-speaking individuals around the world. By providing these educational programs, Fuente Latina will work to educate Spanish speakers, particularly Spanish-speaking media, on Middle East issues by removing geographical and linguistic barriers.

Activities or mission (Part I)

Fuente Latina has been organized to provide educational programs and events for Spanish-language speakers around the world. More specifically, the organization works to reduce language barriers by providing educational programs and events on current middle east security and political situations to Spanish-speaking individuals around the world. By providing these educational programs, Fuente Latina will work to educate Spanish speakers, particularly Spanish-speaking media, on Middle East issues by removing geographical and linguistic barriers.

  • Fuente Latina has been organized to provide educational programs and events for Spanish-language speakers around the world. More specifically, the organization works to reduce language barriers by providing educational programs and events on current middle east security and political situations to Spanish-speaking individuals around the world. By providing these educational programs, Fuente Latina will work to educate Spanish speakers, particularly Spanish-speaking media, on Middle East issues by removing geographical and linguistic barriers.

    Expenses $3,463,880

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

Listed in Part VII

  • Leah Soibel

    President, Founder & CEO

    Total calculated
    $265,240
    From this org
    $230,000
    From related orgs
    $0
    Other
    $35,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,200
    Nontaxable benefits
    $26,040
    Filer's total
    $265,240
  • Claudio Valencia

    Chair

    Total calculated
    $0
    Hours/week
    2
  • Ilene Adler

    Past Chair

    Total calculated
    $0
    Hours/week
    2
  • Sabrina Bacal

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Martin Z Craig

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Pepe Sigal

    Director

    Total calculated
    $0
    Hours/week
    2
  • Fabian Santillan

    Chief Digital Officer

    Total calculated
    $187,099
    From this org
    $175,000
    From related orgs
    $0
    Other
    $12,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $0
    Other
    $0
    Deferred
    $1,750
    Nontaxable benefits
    $10,349
    Filer's total
    $187,099

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349308471

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