Totals
- Total revenue
- $1,918,432
- Total expenses
- $2,456,164
- Contributions and grants received
- $1,844,730
- Grants paid
- $0
- Program service revenue
- $1,450
- Investment income
- $72,252
- Other revenue
- $0
- Total assets, end of year
- $11,341,075
- Total liabilities, end of year
- $1,089,318
- Net assets or fund balances, end of year
- $10,251,757
- Program services expenses (Part IX)
- $1,967,671
- Management and general expenses
- $131,849
- Fundraising expenses
- $356,644
- Program service expenses (Part III)
- $1,967,671
Program services were 80.1% 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.
-
1a · Federated campaigns
$50,000
-
1e · Government grants (contributions)
$738,763
-
1f · All other contributions, gifts and grants
$1,055,967
-
1g · Noncash contributions included above
$32,398
-
2a · Program service revenue: CLASS FEES
total $1,450 · related or exempt $1,450
-
3 · Investment income
total $72,252 · excluded $72,252
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $198,490 · program services $168,716 · management and general $9,925 · fundraising $19,849
-
7 · Other salaries and wages
total $881,034 · program services $651,666 · management and general $49,935 · fundraising $179,433
-
9 · Other employee benefits
total $53,681 · program services $45,627 · management and general $576 · fundraising $7,478
-
10 · Payroll taxes
total $119,202 · program services $101,319 · management and general $2,961 · fundraising $14,922
-
11b · Fees: legal
total $5,139 · management and general $5,139
-
11c · Fees: accounting
total $60,574 · program services $36,240 · management and general $17,992 · fundraising $6,342
-
11g · Fees: other
total $343,470 · program services $267,114 · management and general $10,493 · fundraising $65,863
-
13 · Office expenses
total $240,222 · program services $184,503 · management and general $23,861 · fundraising $31,858
-
16 · Occupancy
total $110,637 · program services $93,931 · management and general $2,766 · fundraising $13,940
-
17 · Travel
total $5,526 · program services $3,141 · management and general $1,739 · fundraising $646
-
20 · Interest
total $43,087 · program services $36,581 · management and general $1,077 · fundraising $5,429
-
22 · Depreciation, depletion and amortization
total $4,666 · program services $3,961 · management and general $117 · fundraising $588
-
23 · Insurance
total $23,001 · program services $18,401 · management and general $1,380 · fundraising $3,220
-
24a · Other expenses: YOUTH LEADER STIPENDS
total $299,573 · program services $299,573
-
24b · Other expenses: PROGRAM SUPPORT
total $34,964 · program services $24,500 · management and general $3,388 · fundraising $7,076
-
24c · Other expenses: DONATED GOODS
total $32,398 · program services $32,398
-
24d · Other expenses: BAD DEBTS
total $500 · management and general $500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,794,931 · end of year $1,364,569
-
2 · Savings and temporary cash investments
beginning of year $3,521,346 · end of year $4,192,862
-
3 · Pledges and grants receivable
beginning of year $1,605,332 · end of year $1,030,675
-
9 · Prepaid expenses and deferred charges
beginning of year $43,595 · end of year $57,219
-
10a · Land, buildings and equipment: cost or other basis
$32,660
-
10b · Land, buildings and equipment: accumulated depreciation
$5,055
-
10c · Land, buildings and equipment, net
beginning of year $32,271 · end of year $27,605
-
11 · Investments: publicly traded securities
beginning of year $315,180 · end of year $1,097,645
-
13 · Investments: program-related
beginning of year $3,570,500 · end of year $3,570,500
-
17 · Accounts payable and accrued expenses
beginning of year $103,443 · end of year $69,598
-
19 · Deferred revenue
beginning of year $54,167 · end of year $94,167
-
23 · Secured mortgages and notes payable
beginning of year $899,726 · end of year $874,938
-
24 · Unsecured notes and loans payable
beginning of year $107,346 · end of year $50,615
-
27 · Net assets without donor restrictions
beginning of year $8,133,836 · end of year $8,942,807
-
28 · Net assets with donor restrictions
beginning of year $2,584,637 · end of year $1,308,950
Mission and programs · 2023
Mission
SEE 990, PART I, LINE 1.
Activities or mission (Part I)
SOCIEDAD LATINA WORKS IN PARTNERSHIP WITH YOUTH AND FAMILIES TO CREATE THE NEXT GENERATION OF LATINE LEADERS WHO ARE CONFIDENT, COMPETENT, SELF-SUSTAINING AND PROUD OF THEIR CULTURAL HERITAGE. TO ACCOMPLISH THIS MISSION, WE HAVE DEVELOPED AN INNOVATIVE, MULTI-SERVICE MODEL CALLED PATHWAYS TO SUCCESS, WHICH ENGAGES YOUTH OVER THE LONG-TERM (AGES 11-21) TO BUILD SKILLS IN: EDUCATION, WORKFORCE DEVELOPMENT, CIVIC ENGAGEMENT, AND ARTS & CULTURE. THESE FOUR CONTENT AREAS ARE INFUSED INTO EACH PROGRAM TO ENSURE THAT ALL YOUTH WHO ENGAGE WITH SOCIEDAD LATINA HAVE THE BROAD SKILL SETS NECESSARY FOR SUCCESS IN THE 21ST CENTURY. WE IMPLEMENT AN ASSET-BASED APPROACH TO YOUTH DEVELOPMENT, SUPPORTING YOUTH TO DEVELOP POSITIVE CULTURAL IDENTITIES WHICH SERVE AS PROTECTIVE FACTORS, PROMOTE RESILIENCY, AND CONTINUE LATINE CULTURAL TRADITIONS IN OUR COMMUNITY. OUR SUCCESS RELIES ON DEEP PARTNERSHIPS WITH FAMILIES AND CROSS-SECTOR PARTNERS ACROSS BOSTON.
-
OUR EDUCATION PROGRAMMING ENCOMPASSES OUR MIDDLE SCHOOL STEM PROGRAM; COLLEGE AND CAREER READINESS PROGRAMMING THAT INCLUDE TUTORING, MENTORING, EXTERNAL WORKPLACE INTERNSHIPS AND COACHING THROUGH THE FIRST YEAR AFTER HIGH SCHOOL GRADUATION. OUR YOUNG PEOPLE ARE SUPPORTED ON THEIR JOURNEYS FROM MIDDLE SCHOOL TO HIGH SCHOOL, AND ONTO DIVERSE COLLEGE AND CAREER POSTSECONDARY PATHWAYS. OUR CIVIC ENGAGEMENT AND COMMUNITY ORGANIZING PROGRAMMING USES ARTIVISM (ARTS + ACTIVISM) TO CALL ATTENTION TO INEQUITIES CONNECTED TO HEALTH, FOOD, CLIMATE, EDUCATION, MENTAL HEALTH, BULLYING PREVENTION, LACK OF ACCESS TO ARTS, THE NEGATIVE IMPACTS OF SOCIAL MEDIA AS WELL AS OF RACISM AND A WHOLE HOST OF SERVICES AND RESOURCES INCLUDING LACK OF LATINE REPRESENTATION ACROSS ALL FIELDS AND SECTORS. OUR WORKFORCE DEVELOPMENT AND STEM PATHWAYS PROGRAMMING FOCUSES ON SUPPORTING OUR YOUNG PEOPLE IN EXPLORING CAREER PATHWAYS THAT ARE UNDERREPRESENTED BY LATINE INDIVIDUALS AND ACHIEVING THEIR POSTSECONDARY CAREER GOALS THROUGH WORK READINESS TRAINING AND INTERNSHIPS. OUR ARTS & CULTURE PROGRAMMING OFFERS OUR YOUNG PEOPLE THE OPPORTUNITY TO PARTICIPATE IN THE ARTS, CELEBRATE DIVERSE LATINE CULTURAL TRADITIONS, AND BE GUIDED ON A PATHWAY TO MUSIC MASTERY THROUGH COMMUNITY CLASSES, HIGH SCHOOL YOUTH ARTISTS MASTERY PROGRAM, AND ARTS AND CULTURAL EVENTS.
Expenses $604,872 · Revenue $1,450
-
CIVIC ENGAGEMENT: SOCIEDAD LATINA CULTIVATES YOUTH LEADERSHIP SKILLS AND ELEVATES THEIR VOICE IN DECISION-MAKING PROCESSES THAT AFFECT LATINE LIVES, OPPORTUNITIES AND COMMUNITIES. WE ENGAGED CLOSE TO 300 YOUTH THROUGH THESE PROGRAMS, WITH 85% UNDERSTANDING HOW TO RUN A GRASSROOTS CAMPAIGN, 91% BUILDING A STRONGER CONNECTION TO THEIR COMMUNITY, AND 91% FEEL LIKE MORE OF A LEADER. YOUTH LEADERS ARE FOCUSED ON CAMPAIGNS RELATED TO EDUCATION REFORM, CLIMATE JUSTICE, PROMOTING HYDROPONIC GARDENING, LACK OF ADEQUATE AND MULTICULTURAL & MULTILINGUALS MENTAL HEALTH SUPPORTS FOR YOUTH, THE MENTAL AND PHYSICAL TOLL OF SOCIAL MEDIA INCLUDING THE WHITEWASHING THAT OCCURS ON SOCIAL MEDIA AND RACIAL JUSTICE. YOUTH HAVE ORGANIZED MANY SUCCESSFUL CAMPAIGNS INCLUDING PASSAGE OF POLICIES.
Expenses $722,254
-
ARTS & CULTURE: SOCIEDAD LATINA OFFERS YOUTH A PATHWAY TO MUSIC MASTERY AND QUALITY OPPORTUNITIES TO CREATE AND EXPERIENCE ART IN THE DISCIPLINES OF VISUAL ART, NEW MEDIA, DANCE, THEATRE AND STEAM (STEM + ARTS) WITH A FOCUS ON LATINE CULTURAL TRADITIONS. WE ENGAGE OVER 800 YOUTH THROUGH THESE PROGRAMS, WITH 91% BUILDING CREATIVITY AND CRITICAL THINKING SKILLS, 85% INCREASING INTEREST AND ENGAGEMENT IN THE ARTS, AND 75% BUILDING CULTURAL PRIDE AND IMPROVING CULTURAL PROFICIENCY. WE HAVE BEEN NAMED AS A FINALIST FOR THE NATIONAL ARTS AND HUMANITIES YOUTH PROGRAM AWARD, RECOGNIZING OUR HIGH-QUALITY APPROACH TO CREATIVE YOUTH DEVELOPMENT.
Expenses $378,405
-
FORMED IN 2013 BY LATINO-LED ORGANIZATIONS IN BOSTON, THE GREATER BOSTON LATINO NETWORK (GBLN) IS A COLLECTIVE EFFORT TO ADDRESS THE HISTORICAL UNDERREPRESENTATION OF LATINOS IN LEADERSHIP ROLES ACROSS GREATER BOSTON. SOCIEDAD LATINA IS A FOUNDING MEMBER AND SERVES AS THE FISCAL CONDUIT FOR GBLN.
Expenses $124,321
-
COLLEGE & CAREER PATHWAYS: SOCIEDAD LATINA GUIDES YOUTH AND THEIR FAMILIES ON THEIR ACADEMIC JOURNEY FROM MIDDLE SCHOOL THROUGH HIGH SCHOOL AND ON TO COLLEGE AND/OR EMPLOYMENT, WITH EXPERTISE WORKING WITH ENGLISH LEARNERS. WE ALSO LEVERAGE A NETWORK OF CROSS-SECTOR PARTNERSTO PREPARE YOUTH FOR CAREERS IN BOSTON'S ROBUST INNOVATION ECONOMY, INCLUDING HEALTH SCIENCES, STEM, ENTREPRENEURSHIP, DIGITAL COMMUNICATIONS, AND THE ARTS AS WELL AS A LIFE IN PUBLIC SERVICE.
Expenses $137,819
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jaime LopezJAIME LOPEZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
Rochelle JimenezROCHELLE JIMENEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Cecilia Mendez-OrtizCECILIA MENDEZ-ORTIZ
CLERK
- Total calculated
- $0
- Hours/week
- 2
-
Patricia FlahertyPATRICIA FLAHERTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Noel TorresNOEL TORRES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elaine NgELAINE NG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marta RiveraMARTA RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jimmy WymanJIMMY WYMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marcos PopovichMARCOS POPOVICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Yanel De AngelYANEL DE ANGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sgardy PenaSGARDY PENA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alexandra Oliver-DavilaALEXANDRA OLIVER-DAVILA
EXECUTIVE DIRECTOR
- Total calculated
- $185,077
- From this org
- $155,877
- From related orgs
- $0
- Other
- $29,200
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $155,877
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $29,200
- Filer's total
- $185,077
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 · 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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SOCIEDAD REAL ESTATE HOLDINGS INC
501(C)(3) · REAL ESTATE HOLDINGS FOR SOCIEDAD LATINA · MA · controlled entity
Directly controlled by SOCIEDAD LATINA INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530489349301058
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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