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Nonprofiteer
← FUENTE LATINA INC

Form 990 for tax year 2022

Filed by FUENTE LATINA INC.

Totals

Total revenue
$2,564,388
Total expenses
$1,791,258
Contributions and grants received
$2,452,103
Grants paid
$0
Program service revenue
$90,616
Investment income
$21,669
Other revenue
$0
Total assets, end of year
$2,633,556
Total liabilities, end of year
$23,346
Net assets or fund balances, end of year
$2,610,210
Program services expenses (Part IX)
$1,440,104
Management and general expenses
$289,638
Fundraising expenses
$61,516
Program service expenses (Part III)
$1,440,104

Program services were 80.4% 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

    $2,452,103

  • 2a · Program service revenue: PROGRAM INCOME

    total $90,616 · related or exempt $90,616

  • 3 · Investment income

    total $21,667 · excluded $21,667

  • 7a · Gross sales of assets other than inventory

    securities $24

  • 7b · Less cost or other basis and sales expenses

    securities $22

  • 7c · Gain or loss

    securities $2

  • 7d · Net gain or loss

    total $2 · excluded $2

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $413,521 · program services $351,888 · management and general $22,188 · fundraising $39,445

  • 7 · Other salaries and wages

    total $577,008 · program services $559,751 · management and general $17,257

  • 9 · Other employee benefits

    total $88,011 · program services $77,911 · management and general $5,050 · fundraising $5,050

  • 10 · Payroll taxes

    total $54,424 · program services $51,114 · management and general $1,655 · fundraising $1,655

  • 11c · Fees: accounting

    total $62,194 · management and general $62,194

  • 11g · Fees: other

    total $168,246 · program services $138,579 · management and general $29,667

  • 12 · Advertising and promotion

    total $89,375 · program services $21,704 · management and general $66,392 · fundraising $1,279

  • 13 · Office expenses

    total $26,790 · program services $12,056 · management and general $14,734

  • 16 · Occupancy

    total $39,565 · management and general $39,565

  • 17 · Travel

    total $44,473 · program services $26,602 · management and general $11,914 · fundraising $5,957

  • 23 · Insurance

    total $14,585 · management and general $14,585

  • 24a · Other expenses: MEDIA EVENTS, TOURS, AN

    total $198,191 · program services $198,191

  • 24b · Other expenses: EVENTS

    total $8,130 · fundraising $8,130

  • 24c · Other expenses: BANK FEES

    total $6,745 · program services $2,308 · management and general $4,437

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,750 · end of year $446,557

  • 2 · Savings and temporary cash investments

    beginning of year $1,673,726 · end of year $1,363,036

  • 3 · Pledges and grants receivable

    end of year $408,600

  • 4 · Accounts receivable

    beginning of year $118,639 · end of year $12,940

  • 9 · Prepaid expenses and deferred charges

    end of year $12,350

  • 11 · Investments: publicly traded securities

    end of year $390,073

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,422 · end of year $23,346

  • 27 · Net assets without donor restrictions

    beginning of year $1,481,399 · end of year $2,178,390

  • 28 · Net assets with donor restrictions

    beginning of year $433,294 · end of year $431,820

Mission and programs · 2022

Mission

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 $1,440,104 · Revenue $90,616

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • EVENLYN DREZNER-FAIGENBLAT

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • CLAUDIA DORNBUSCH

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2
  • LOIS R FISHMAN

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2
  • ANDREW F MARS

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • PEPE SIGAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • FRED SIEGMAN

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2
  • LEAH SOIBEL

    FOUNDER/CEO

    Total calculated
    $218,000
    From this org
    $218,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $218,000
  • STEPHANIE PIER DE ROMANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • MARTIN CRAIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • ILENE ADLER

    INTERIM CHAIR

    Total calculated
    $0
    Hours/week
    2
  • BERTHA MERIKANSKAS

    LA EXECUTIVE DIRECTOR

    Total calculated
    $133,722
    From this org
    $133,722
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202313179349302281

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