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← LATINAS ON THE VERGE OF EXCELLENCE LOVE INC

Form 990 for tax year 2022

Filed by LATINAS ON THE VERGE OF EXCELLENCE LOVE INC.

Totals

Total revenue
$413,902
Total expenses
$357,523
Contributions and grants received
$303,315
Grants paid
$6,693
Program service revenue
$139,075
Investment income
$360
Other revenue
-$28,848
Total assets, end of year
$445,663
Total liabilities, end of year
$51,992
Net assets or fund balances, end of year
$393,671
Program services expenses (Part IX)
$177,595
Management and general expenses
$102,131
Fundraising expenses
$77,797
Program service expenses (Part III)
$177,595

Program services were 49.7% 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.

  • 1c · Fundraising events

    $32,500

  • 1e · Government grants (contributions)

    $146,243

  • 1f · All other contributions, gifts and grants

    $124,572

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $139,075 · related or exempt $139,075

  • 3 · Investment income

    total $360 · excluded $360

  • 8a · Fundraising events: gross income

    $9,150

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

    $32,500

  • 8b · Fundraising events: direct expenses

    $42,944

  • 8c · Net income from fundraising events

    total -$33,794 · excluded -$33,794

  • 11d · All other revenue

    total $4,946 · excluded $4,946

  • 11e · Other revenue, total

    $4,946

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,693 · program services $6,693

  • 5 · Compensation of officers, directors and key employees

    total $75,000 · program services $37,500 · management and general $11,250 · fundraising $26,250

  • 7 · Other salaries and wages

    total $135,714 · program services $65,750 · management and general $39,321 · fundraising $30,643

  • 9 · Other employee benefits

    total $1,739 · program services $852 · management and general $417 · fundraising $470

  • 10 · Payroll taxes

    total $19,014 · program services $9,317 · management and general $4,563 · fundraising $5,134

  • 11c · Fees: accounting

    total $14,244 · management and general $14,244

  • 11g · Fees: other

    total $16,500 · program services $14,000 · management and general $2,500

  • 12 · Advertising and promotion

    total $525 · management and general $525

  • 13 · Office expenses

    total $16,539 · program services $5,258 · management and general $9,196 · fundraising $2,085

  • 14 · Information technology

    total $5,212 · program services $4,950 · management and general $262

  • 16 · Occupancy

    total $37,080 · program services $18,169 · management and general $8,899 · fundraising $10,012

  • 17 · Travel

    total $19,075 · program services $13,356 · management and general $2,691 · fundraising $3,028

  • 19 · Conferences, conventions and meetings

    total $2,961 · program services $1,445 · management and general $1,341 · fundraising $175

  • 22 · Depreciation, depletion and amortization

    total $797 · program services $305 · management and general $492

  • 23 · Insurance

    total $3,653 · management and general $3,653

  • 24e · All other expenses

    total $2,777 · management and general $2,777

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,771 · end of year $89,547

  • 2 · Savings and temporary cash investments

    beginning of year $146,093 · end of year $142,953

  • 3 · Pledges and grants receivable

    beginning of year $62,997 · end of year $106,671

  • 4 · Accounts receivable

    beginning of year $39,241 · end of year $60,586

  • 9 · Prepaid expenses and deferred charges

    beginning of year $244 · end of year $1,409

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

    $9,268

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

    $797

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $8,471

  • 15 · Other assets

    beginning of year $0 · end of year $36,026

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,410 · end of year $4,981

  • 19 · Deferred revenue

    beginning of year $38,644 · end of year $10,829

  • 25 · Other liabilities

    beginning of year $0 · end of year $36,182

  • 27 · Net assets without donor restrictions

    beginning of year $304,944 · end of year $357,565

  • 28 · Net assets with donor restrictions

    beginning of year $32,348 · end of year $36,106

Mission and programs · 2022

Mission

THE LATINAS ON THE VERGE OF EXCELLENCE - L.O.V.E. MENTORING PROGRAM SUPPORTS AND EMPOWERS YOUNG LATINAS TO STRIVE FOR SUCCESS, BOTH IN SCHOOL AND IN LIFE, THROUGH MENTORSHIP AND HEALTH INTERVENTIONS TARGETED AT MENTAL, REPRODUCTIVE AND PHYSICAL HEALTH AS WELL AS COLLEGE AND CAREER READINESS.

Activities or mission (Part I)

L.O.V.E. SUPPORTS AND EMPOWERS YOUNG LATINAS TO STRIVE BOTH IN SCHOOL AND IN LIFE BY PROVIDING POSITIVE ROLE MODELS. THE L.O.V.E. MENTORING PROGRAM WORKS IN PARTNERSHIP WITH ORGANIZATIONS, UNIVERSITIES AND PUBLIC SCHOOLS, WHOSE MISSION ARE TO ENHANCE THE WELL BEING OF YOUNG GIRLS AND HISPANIC COMMUNITIES IN NEW YORK. THE L.O.V.E. MENTORING PROGRAM RECRUITS FEMALE UNIVERSITY STUDENTS TO SUPPORT, GUIDE, AND BE A ROLE MODEL TO YOUNG LATINAS DURING THEIR HIGH SCHOOL YEARS.

  • THE LATINAS ON THE VERGE OF EXCELLENCE - L.O.V.E. MENTORING PROGRAM SUPPORTS AND EMPOWERS YOUNG LATINAS TO STRIVE FOR SUCCESS, BOTH IN SCHOOL AND IN LIFE, THROUGH MENTORSHIP AND HEALTH EDUCATION TARGETED AT MENTAL, REPRODUCTIVE AND PHYSICAL HEALTH AS WELL AS COLLEGE AND CAREER READINESS. L.O.V.E. PROVIDES MENTORSHIP SERVICES IN FIFTEEN SCHOOLS IN THE NEW YORK AREA. ALL L.O.V.E. MENTEES WERE PROMOTED TO THE NEXT GRADE LEVEL, GRADUATED FROM HIGH SCHOOL AND ENROLLED INTO COLLEGE. WE HAD 450 L.O.V.E. MENTEES IN THE YEAR 2022.

    Expenses $177,595 · Grants $6,693 · Revenue $139,075

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

Listed in Part VII

  • Wendy Reynoso

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anjanette Cabrera

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Danna Deblasio

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michelle Warra

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diana Gasperoni

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Orisio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claudia Espinosa

    EXECUTIVE DIRECTOR

    Total calculated
    $75,000
    From this org
    $75,000
    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
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202311359349316576

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