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Nonprofiteer
← CENTRO LAS AMERICAS INC

Form 990 for tax year 2024

Filed by CENTRO LAS AMERICAS INC.

Totals

Total revenue
$12,833,354
Total expenses
$12,930,456
Contributions and grants received
$9,717,668
Grants paid
$6,104,206
Program service revenue
$3,052,377
Investment income
$1,965
Other revenue
$61,344
Total assets, end of year
$3,163,773
Total liabilities, end of year
$2,021,306
Net assets or fund balances, end of year
$1,142,467
Program services expenses (Part IX)
$10,811,344
Management and general expenses
$1,945,895
Fundraising expenses
$173,217
Program service expenses (Part III)
$10,811,344

Program services were 83.6% 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.

  • 1e · Government grants (contributions)

    $9,542,294

  • 1f · All other contributions, gifts and grants

    $175,374

  • 1g · Noncash contributions included above

    $41,331

  • 2a · Program service revenue: PROGRAM FEES

    total $2,714,512 · related or exempt $2,714,512

  • 2b · Program service revenue: RENTAL INCOME

    total $212,569 · related or exempt $212,569

  • 2c · Program service revenue: LATINO FESTIVAL

    total $125,296 · related or exempt $125,296

  • 3 · Investment income

    total $1,965 · excluded $1,965

  • 11d · All other revenue

    total $61,344 · excluded $61,344

  • 11e · Other revenue, total

    $61,344

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $609,241 · program services $609,241

  • 2 · Grants to domestic individuals

    total $5,494,965 · program services $5,494,965

  • 5 · Compensation of officers, directors and key employees

    total $345,460 · management and general $345,460

  • 7 · Other salaries and wages

    total $3,528,704 · program services $2,915,327 · management and general $527,815 · fundraising $85,562

  • 9 · Other employee benefits

    total $854,158 · program services $670,378 · management and general $166,199 · fundraising $17,581

  • 10 · Payroll taxes

    total $391,327 · program services $298,146 · management and general $83,956 · fundraising $9,225

  • 11b · Fees: legal

    total $22,274 · program services $6,886 · management and general $15,288 · fundraising $100

  • 11c · Fees: accounting

    total $26,250 · management and general $26,250

  • 11g · Fees: other

    total $233,700 · program services $72,248 · management and general $160,400 · fundraising $1,052

  • 12 · Advertising and promotion

    total $28,804 · program services $2,559 · management and general $594 · fundraising $25,651

  • 13 · Office expenses

    total $287,317 · program services $233,645 · management and general $33,980 · fundraising $19,692

  • 16 · Occupancy

    total $270,132 · program services $111,593 · management and general $155,019 · fundraising $3,520

  • 17 · Travel

    total $105,328 · program services $88,490 · management and general $12,562 · fundraising $4,276

  • 19 · Conferences, conventions and meetings

    total $52,018 · program services $22,323 · management and general $29,097 · fundraising $598

  • 20 · Interest

    total $98,304 · program services $39,315 · management and general $58,989

  • 22 · Depreciation, depletion and amortization

    total $70,046 · program services $62,098 · management and general $6,391 · fundraising $1,557

  • 23 · Insurance

    total $73,674 · program services $49,981 · management and general $22,267 · fundraising $1,426

  • 24a · Other expenses: DUES AND FEES

    total $179,877 · program services $29,903 · management and general $149,974

  • 24b · Other expenses: BAD DEBT

    total $50,882 · program services $32,187 · management and general $18,695

  • 24e · All other expenses

    total $207,995 · program services $72,059 · management and general $132,959 · fundraising $2,977

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,133 · end of year $311,588

  • 4 · Accounts receivable

    beginning of year $1,519,152 · end of year $1,077,816

  • 9 · Prepaid expenses and deferred charges

    beginning of year $347,549 · end of year $245,833

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

    $2,608,315

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

    $1,118,331

  • 10c · Land, buildings and equipment, net

    beginning of year $1,560,029 · end of year $1,489,984

  • 15 · Other assets

    beginning of year $250,000 · end of year $38,552

  • 17 · Accounts payable and accrued expenses

    beginning of year $541,025 · end of year $626,584

  • 19 · Deferred revenue

    beginning of year $0 · end of year $9,460

  • 24 · Unsecured notes and loans payable

    beginning of year $1,133,966 · end of year $1,346,710

  • 25 · Other liabilities

    beginning of year $380,001 · end of year $38,552

  • 27 · Net assets without donor restrictions

    beginning of year $1,674,893 · end of year $1,142,467

  • 28 · Net assets with donor restrictions

    beginning of year $3,978 · end of year $0

Mission and programs · 2024

Mission

TO CREATE A FULLY-INTEGRATED MULTI-CULTURAL, MULTI-LINGUISTIC HEALTH AND HUMAN SERVICES DELIVERY SYSTEM, WHILE DEVELOPING LONG-TERM ECONOMIC STRENGTH AND SUSTAINABILITY.

Activities or mission (Part I)

TO ASSIST INDIVIDUALS AND FAMILIES SEEKING TO ACHIEVE SELF-SUFFICIENCY BUILDING PURPOSEFUL LIVES THROUGH OUR UNIQUE MIX OF COMPREHENSIVE INTEGRATED SERVICES, EXCEPTIONAL CARE, AND AN UNEQUALLED CULTURAL AND LINGUISTIC COMPETENCE.

  • FAMILY AND COMMUNITY SERVICES - PROGRAMS INCLUDE FAMILY SERVICE PROGRAMS THAT PROVIDE CHILD PROTECTION CASE MANAGEMENT, PARENT AND FAMILY SKILL BUILDING, AND SUPPORT TO FAMILIES WITH MEMBERS WHO ARE DEVELOPMENTALLY DISABLED, COMMUNITY SERVICE PROGRAMS THAT INCLUDE A FOOD PROGRAM AND SOCIAL, ECONOMIC, EDUCATIONAL, HEALTH AND ADVOCACY PROGRAMS, A WORKFORCE DEVELOPMENT PROGRAM DESIGNED TO HELP INDIVIDUALS IN THE COMMUNITY WITH JOB PLACEMENT AND ENTREPRENEURIAL SKILLS INCLUDING TRAINING AND TECHNICAL ASSISTANCE, AN ESL PROGRAM DESIGNED TO PREPARE UNEMPLOYED AND UNDEREMPLOYED PEOPLE WHO ARE HAMPERED BY LIMITED ENGLISH PROFICIENCY FOR ENTRY INTO THE WORKPLACE BY FOCUSING ON BASIC SPEAKING, READING, WRITING, AND JOB SPECIFIC VOCABULARY.

    Expenses $10,811,344 · Grants $6,104,206 · Revenue $3,052,377

As filed on the 2024 return.

Listed in Part VII

  • Agustina Velazquez

    PRESIDENT & CEO

    Total calculated
    $146,028
    From this org
    $119,616
    From related orgs
    $0
    Other
    $26,412
    Hours/week
    38 + 2 related

  • Juan A Gomez

    PRESIDENT & CEO (THRU 12/24)

    Total calculated
    $152,981
    From this org
    $128,654
    From related orgs
    $0
    Other
    $24,327
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $128,654
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,327
    Filer's total
    $152,981

  • Columbus N Okai

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Noel Nieves

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Maury Ramirez

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • George Cox

    SECRETARY & CLERK

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Tracey Capers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Atty Randy Feldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Terrance Gibson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Maritza M Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce A Rawan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Je Weekes Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy J Kirby

    VICE PRESIDENT & CFO

    Total calculated
    $147,017
    From this org
    $120,004
    From related orgs
    $0
    Other
    $27,013
    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. 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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

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
2024
Filed
29 January 2026
IRS schema version
2024v5.5
Source object
202630309349300933

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