Overview
What is Instituto Cervantes Usa Inc?
Instituto Cervantes Usa Inc is a nonprofit organization, originating from the Spanish government, that is dedicated to fostering the Spanish language and celebrating the diverse cultures of all Spanish-speaking nations and communities worldwide. Its primary objective is to promote Spanish culture, serving as a bridge between Spanish-speaking countries and the United States. The organization carries out its mission through various activities, such as educational programs, events, and resources, aiming to increase the awareness and appreciation of Spanish-speaking cultures in the U.S. and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 25%
Instituto Cervantes Usa Inc has received a Zero-Star out of Four Star rating on Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored particularly low in areas such as board independence and transparency, with no independent board members and a lack of essential policies such as conflict of interest and whistleblower protections. These deficiencies suggest a need for improved governance standards to build trust and credibility.
Despite some strengths, such as a solid score for its financial statements audit and no material diversion of assets, the organization’s overall financial health appears questionable. With a program expense ratio of just 38.27%, a concern arises regarding how effectively it allocates resources towards its mission. This low percentage suggests that a significant portion of its funding is not being directly used for its intended programs.
Overall, the limitations highlighted in its rating indicate that Instituto Cervantes Usa Inc may struggle to meet best practices in nonprofit management. For potential donors and stakeholders, these factors raise red flags about the organization's operational effectiveness and commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Instituto Cervantes Usa Inc legitimate?
Instituto Cervantes Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Instituto Cervantes Usa Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $718,095
For more financial information, click here
What is the mission statement of Instituto Cervantes Usa Inc?
Instituto Cervantes U.S.A. Inc., established by the Spanish government, serves as a non-profit organization with a mission to promote the Spanish language and foster the cultural development of all Spanish-speaking nations and communities. By pursuing this goal, the institution aims to contribute to a broader understanding and appreciation of the diverse cultures associated with the Spanish language. The organization's activities are geared towards promoting Spanish language learning and fostering cross-cultural exchange.
Who is the CEO of Instituto Cervantes Usa Inc?
Maria Claudia Montehermoso is the Treasurer of Instituto Cervantes Usa Inc.
What is the revenue of Instituto Cervantes Usa Inc?
Instituto Cervantes Usa Inc's revenue in 2022 was $1,327,449.
Who are the executives of Instituto Cervantes Usa Inc and what are their salaries?
The average compensation at Instituto Cervantes Usa Inc during 2022 was $11,220. There are 64 employees at Instituto Cervantes Usa Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Instituto Cervantes Usa Inc?
Instituto Cervantes Usa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Instituto Cervantes Usa Inc
Instituto Cervantes USA Inc, a nonprofit established by the Spanish government, is dedicated to promoting the Spanish language and fostering the cultural richness of all Spanish-speaking nations and communities. Its mission is twofold: firstly, to encourage the use of the Spanish language, and secondly, to contribute to the enrichment of the cultures of Spanish-speaking nations worldwide. By carrying out these objectives, Instituto Cervantes aims to bridge the cultural gaps between diverse Spanish-speaking communities and the wider global audience.
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Impact
October, 2024
Instituto Cervantes USA Inc plays a significant role in promoting Spanish culture and the Spanish language in the United States, particularly through its New York center. By offering a variety of educational programs, cultural events, and resources, it fosters a deeper understanding and appreciation of the diverse cultures of Spanish-speaking countries. This organization serves as a cultural bridge, connecting communities through language classes, art exhibitions, music performances, and literary events. By advancing the Spanish language and its associated cultures, Instituto Cervantes enriches the multicultural fabric of American society and promotes dialogue and collaboration among diverse populations. Its impact extends beyond just language instruction; it cultivates a vibrant community where the arts and cultural exchange thrive, contributing to the broader narrative of inclusion and cultural awareness in the U.S.
This information is meant to be a general summary of Instituto Cervantes Usa Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,307,974
- Gross Receipts: $1,327,449
Assets and Liabilities:
- Total Assets: $11,664,764
- Total Liabilities: $181,810
- Net Assets: $11,482,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$11,277
Tuition & Fees
Revenue
$1,296,697
Organization Details
Founding Year
1994
Principal Officer
Maria Claudia Montehermoso
Main Address
211 East 49th Street, NEW YORK, NY, 10017
NTEE Category
Code: A99 - Arts
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