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La Esperanza Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311606956 ✦ Georgetown, DE ✦ Designated as a 501(c)(3)

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Overview

What is La Esperanza Inc?

La Esperanza Inc is a nonprofit organization situated in Georgetown, Delaware, with a mission to enrich their communities by embracing cultural diversity. Their primary focus is on enhancing the lives of the immigrant community by offering educational, cultural, and leadership development services. The organization aims to assist their clients in progressing towards employment, education, self-sufficiency, and citizenship. With a team of 14 dedicated individuals, they strive to provide the necessary support to help individuals achieve their goals, thereby contributing positively to their communities.


Official website here: www.laesperanza.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star rating

La Esperanza Inc has achieved an impressive score of 96%, reflecting its commitment to accountability and financial transparency. This high rating is derived entirely from the organization's strong performance in the Accountability & Finance beacon, indicating that La Esperanza Inc effectively manages its resources and adheres to best practices in governance.

The organization boasts a fully independent board, scoring 100% in that category, which enhances its credibility and operational integrity. Additionally, it has received full marks for its financial oversight practices, including the establishment of an audit and oversight committee and the absence of any material diversion of assets. With a program expense ratio of 72.28%, it demonstrates a strong focus on utilizing resources for its mission.

There are no significant limitations noted in the available data, suggesting that La Esperanza Inc operates with a robust framework for maintaining ethical standards and effective management. Overall, the organization stands out as a well-governed nonprofit that prioritizes accountability and transparency in its operations.


This AI summary has been generated from information found on Charity Navigator.

Is La Esperanza Inc legitimate?

La Esperanza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Esperanza 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: $466,264

For more financial information, click here


Official website here: www.laesperanza.org

What is the mission statement of La Esperanza Inc?

La Esperanza Inc's mission is centered around enriching communities by embracing cultural diversity. They accomplish this by providing essential services to their clients, aiming to assist them in their journey towards employment, education, self-sufficiency, and citizenship. The organization's primary goal is to enhance the quality of life for the immigrant community, achieving this through educational, cultural, and leadership development programs.


Official website here: www.laesperanza.org

Who is the CEO of La Esperanza Inc?

Alina Ferrer is the Treasurer of La Esperanza Inc.


Official website here: www.laesperanza.org

What is the revenue of La Esperanza Inc?

La Esperanza Inc's revenue in 2022 was $853,177.


Official website here: www.laesperanza.org

Who are the executives of La Esperanza Inc and what are their salaries?

The average compensation at La Esperanza Inc during 2022 was $33,305. There are 14 employees and 16 volunteers at La Esperanza Inc.


Here are 7 key members and their salaries:


Coleen Collins (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alina Ferrer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ned Gladfelter (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Rivera (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raul Rodriguez (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Lleana Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ana Vargas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.laesperanza.org

Where can I find the form 990 for La Esperanza Inc?

La Esperanza Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.laesperanza.org

Learn more at the official website: www.laesperanza.org

Mission Statement of La Esperanza Inc

La Esperanza Inc, a nonprofit organization, aims to enrich its communities by embracing cultural diversity. One of its primary objectives is to provide services that assist its clients in their quest for employment, education, self-sufficiency, and citizenship. By doing so, La Esperanza Inc strives to enhance the quality of life for the immigrant community it serves. Through educational, cultural, and leadership development programs, this organization seeks to empower its clients, fostering a sense of self-reliance and integration within their new communities.

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Impact




October, 2024

La Esperanza Inc significantly impacts the community by fostering cultural diversity and empowering individuals through a range of essential services. By focusing on employment, education, and self-sufficiency, the organization plays a vital role in enhancing the quality of life for immigrants in Georgetown, DE. Their comprehensive approach not only supports personal and professional development but also encourages active citizenship and community engagement. Through educational initiatives and leadership development, La Esperanza Inc cultivates a welcoming environment that strengthens the social fabric, allowing diverse cultures to thrive and contribute meaningfully to the local community.




This information is meant to be a general summary of La Esperanza 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.

Revenue
$853,177 (2022)
Expenses
$754,902 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $16
  • Program Service Revenue: $38,410
  • Gross Receipts: $853,177

Assets and Liabilities:

  • Total Assets: $867,863
  • Total Liabilities: $35,595
  • Net Assets: $832,268

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$38,410

Organization Details

Founding Year

1996

Principal Officer

Alina Ferrer

Main Address

216 NORTH RACE STREET, GEORGETOWN, DE, 19947

NTEE Category

Code: J22 - Employment

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