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Nonprofiteer
← PROGRESSO LATINO

Form 990 for tax year 2023

Filed by PROGRESSO LATINO.

Totals

Total revenue
$4,678,782
Total expenses
$4,631,756
Contributions and grants received
$4,134,997
Grants paid
$0
Program service revenue
$537,107
Investment income
$3,159
Other revenue
$3,519
Total assets, end of year
$3,906,263
Total liabilities, end of year
$274,008
Net assets or fund balances, end of year
$3,632,255
Program services expenses (Part IX)
$3,791,847
Management and general expenses
$635,684
Fundraising expenses
$204,225
Program service expenses (Part III)
$3,791,847

Program services were 81.9% 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

    $23,000

  • 1c · Fundraising events

    $65,100

  • 1e · Government grants (contributions)

    $3,533,003

  • 1f · All other contributions, gifts and grants

    $513,894

  • 2a · Program service revenue: PRESCHOOL TUITION AND

    total $432,429 · related or exempt $432,429

  • 2b · Program service revenue: IMMIGRATION FEES

    total $84,109 · related or exempt $84,109

  • 2c · Program service revenue: ADULT EDUCATION

    total $20,569 · related or exempt $20,569

  • 3 · Investment income

    total $3,159 · excluded $3,159

  • 8a · Fundraising events: gross income

    $25,444

  • 8a · Fundraising events: contributions included on line 1c

    $65,100

  • 8b · Fundraising events: direct expenses

    $26,067

  • 8c · Net income from fundraising events

    total -$623 · excluded -$623

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $4,142 · related or exempt $4,142

  • 11e · Other revenue, total

    $4,142

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $95,233 · program services $14,285 · management and general $71,425 · fundraising $9,523

  • 7 · Other salaries and wages

    total $2,890,996 · program services $2,384,779 · management and general $368,949 · fundraising $137,268

  • 8 · Pension plan contributions

    total $11,126 · program services $8,901 · management and general $1,669 · fundraising $556

  • 9 · Other employee benefits

    total $173,682 · program services $138,946 · management and general $26,052 · fundraising $8,684

  • 10 · Payroll taxes

    total $293,143 · program services $235,286 · management and general $43,393 · fundraising $14,464

  • 11c · Fees: accounting

    total $25,450 · management and general $25,450

  • 11g · Fees: other

    total $245,414 · program services $204,007 · management and general $28,657 · fundraising $12,750

  • 12 · Advertising and promotion

    total $2,331 · fundraising $2,331

  • 13 · Office expenses

    total $351,097 · program services $329,596 · management and general $18,291 · fundraising $3,210

  • 16 · Occupancy

    total $127,192 · program services $101,755 · management and general $19,078 · fundraising $6,359

  • 17 · Travel

    total $7,043 · program services $5,635 · management and general $1,056 · fundraising $352

  • 19 · Conferences, conventions and meetings

    total $7,023 · program services $5,618 · management and general $1,054 · fundraising $351

  • 20 · Interest

    total $5,479 · management and general $5,479

  • 22 · Depreciation, depletion and amortization

    total $86,335 · program services $69,399 · management and general $12,702 · fundraising $4,234

  • 23 · Insurance

    total $49,097 · program services $39,277 · management and general $7,365 · fundraising $2,455

  • 24a · Other expenses: FOOD

    total $227,353 · program services $227,353

  • 24b · Other expenses: EQUIPMENT MAINTENANCE A

    total $33,762 · program services $27,010 · management and general $5,064 · fundraising $1,688

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $537,952 · end of year $227,343

  • 2 · Savings and temporary cash investments

    beginning of year $1,683,903 · end of year $2,215,552

  • 3 · Pledges and grants receivable

    beginning of year $652,172 · end of year $596,865

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,799 · end of year $51,139

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

    $2,264,708

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

    $1,453,144

  • 10c · Land, buildings and equipment, net

    beginning of year $889,832 · end of year $811,564

  • 15 · Other assets

    beginning of year $3,800 · end of year $3,800

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,735 · end of year $162,421

  • 23 · Secured mortgages and notes payable

    beginning of year $128,237 · end of year $111,587

  • 27 · Net assets without donor restrictions

    beginning of year $2,703,035 · end of year $2,687,319

  • 28 · Net assets with donor restrictions

    beginning of year $878,451 · end of year $944,936

Mission and programs · 2023

Mission

THE PURPOSE OF THE AGENCY IS TO PROVIDE VARIOUS SOCIAL SERVICES TO THE HISPANIC COMMUNITY.

  • ADULT EDUCATION PROGRAMS PROVIDE CLASSES TO THE HISPANIC POPULATION IN ENGLISH AS A SECOND LANGUAGE (ESL), GENERAL EQUIVALENCY DIPLOMAS (GED), AND COMPUTER EDUCATION CLASSES AT A REDUCED RATE.

    Expenses $1,195,016 · Revenue $20,569

  • SOCIAL SERVICE PROGRAMS ASSIST HISPANICS WITH VARIOUS HEALTH SCREENINGS, IMMIGRATION SERVICES AND OTHER SERVICES FOR THE ELDERLY AND YOUTH POPULATION.

    Expenses $821,988 · Revenue $84,109

  • PRESCHOOL AND DAY CARE PROGRAMS PROVIDE MEALS AND DAYCARE WITH FEES BASED ON THE INDIVIDUAL'S ABILITY TO PAY.

    Expenses $1,774,843 · Revenue $436,571

As filed on the 2023 return.

Listed in Part VII

  • LIZ GOODERMOTE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    11

  • RAFAEL YEPEZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • NAZIK FERNANDEZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • STEFAN PETRELLA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE CHIACU-FORSYTHE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELISSA CRUZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YOVANSKA DUARTE-VELEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATALIA LIMA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MATTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JORGE MEJIA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATIE NEEESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDWARD TAVARES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIO BUENO

    EXECUTIVE DIRECTOR

    Total calculated
    $95,223
    From this org
    $95,223
    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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349311170

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