Overview
What is 1387 Nueva Esperanza?
1387 Nueva Esperanza is a community-focused credit union situated in Lucas County, Ohio, specifically catering to the South Toledo area. With a dedication towards serving the local Latino population, the credit union provides essential financial services and educational resources. Led by Sue Cuevas, their mission is to assist individuals who live, work, worship, study, or volunteer in Lucas County, offering them access to fundamental financial tools and knowledge. The credit union's operations are centered around the Latino community in South Toledo, aiming to empower and support its members financially.
Is 1387 Nueva Esperanza legitimate?
1387 Nueva Esperanza is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1387 Nueva Esperanza 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: $59,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,831
For more financial information, click here
What is the mission statement of 1387 Nueva Esperanza?
1387 Nueva Esperanza's mission is centered around providing essential financial services and education to individuals who reside, work, worship, study, or volunteer within Lucas County, Ohio. The credit union has a particular focus on serving the Latino community in South Toledo, Ohio. It aims to promote financial literacy and accessibility within this community, offering its services with dedication and commitment.
Who is the CEO of 1387 Nueva Esperanza?
Sue Cuevas is the Chief Executive Officer of 1387 Nueva Esperanza. The CEO's salary of 1387 Nueva Esperanza is $59,250 and their total compensation is $59,250.
What is the revenue of 1387 Nueva Esperanza?
1387 Nueva Esperanza's revenue in 2022 was $1,615,684.
Who are the executives of 1387 Nueva Esperanza and what are their salaries?
The average compensation at 1387 Nueva Esperanza during 2022 was $35,694. There are 3 employees and 4 volunteers at 1387 Nueva Esperanza.
Here are 5 key members and their salaries (1387 Nueva Esperanza's CEO's salary is $59,250 and their total compensation is $59,250):
- Compensation: $59,250
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 1387 Nueva Esperanza?
1387 Nueva Esperanza's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1387 Nueva Esperanza
1387 Nueva Esperanza, a credit union, is dedicated to providing essential financial services and education to individuals who are deeply connected to Lucas County, Ohio. This organization has a particular focus on serving the Latino community residing in South Toledo, Ohio. Led by Sue Cuevas, 1387 Nueva Esperanza is committed to empowering this community by offering them the financial tools and knowledge they need to manage their finances effectively. The credit union's mission is to bridge the financial gap for its members, ensuring they have access to the resources they need to lead financially stable lives.
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Impact
October, 2024
1387 Nueva Esperanza plays a crucial role in enhancing the financial well-being of the Latino community in South Toledo, Ohio. By providing basic financial services and education, it empowers individuals to make informed financial decisions, build savings, and access credit. This support fosters economic stability and resilience among members, helping to break cycles of poverty and create opportunities for upward mobility.
The organization's focus on education is particularly impactful, equipping community members with knowledge about financial literacy, budgeting, and responsible borrowing. This educational component helps demystify financial processes, making banking more accessible and less intimidating for those who may have felt excluded from traditional financial systems.
Moreover, by serving a specific demographic, 1387 Nueva Esperanza strengthens community bonds and builds trust. As a local institution led by figures like Sue Cuevas, it is well-positioned to understand and respond to the unique needs and challenges facing the Latino population in the area. In doing so, it not only provides essential services but also fosters a sense of belonging and community solidarity.
Overall, the impact of 1387 Nueva Esperanza extends beyond individual financial empowerment; it contributes to the economic vitality and social cohesion of the broader Lucas County community. By championing inclusivity in financial services, it helps create a more equitable economic landscape for all.
This information is meant to be a general summary of 1387 Nueva Esperanza. 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: $61,469
- Gross Receipts: $1,615,684
Assets and Liabilities:
- Total Assets: $4,552,192
- Total Liabilities: $2,522,419
- Net Assets: $2,029,773
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Financial Services
Revenue
$61,469
Organization Details
Founding Year
2010
Phone
(419) 438-5490Principal Officer
Sue Cuevas
Main Address
1638 Broadway St Lower Level, TOLEDO, OH, 43609
NTEE Category
Code: W60 - Public benefit
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