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Nonprofiteer
← SOCIEDAD LATINA INC

Form 990 for tax year 2023

Filed by SOCIEDAD LATINA INC.

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 Lopez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 0.5 related
  • Rochelle Jimenez

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Cecilia Mendez-Ortiz

    CLERK

    Total calculated
    $0
    Hours/week
    2
  • Patricia Flaherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Noel Torres

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Elaine Ng

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marta Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jimmy Wyman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marcos Popovich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Yanel De Angel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sgardy Pena

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alexandra 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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202530489349301058

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