Overview
What is Esperanza Inc?
Esperanza Inc, situated in Cleveland, Ohio, is a dedicated nonprofit organization with a focus on supporting Hispanic students in the area. Their primary mission is to enhance the academic achievement of these students, aiming to help them complete high school and pursue further education. They achieve this goal through various programs, including after-school activities that foster student expression, reflective leadership, community service, life and employment skills, academics, career awareness, field trips, and post-secondary education preparation. These initiatives are designed to empower students and prepare them for their future. Esperanza Inc employs a team of 71 individuals who are committed to this cause.
Official website here: www.esperanzainc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99% Rating
Esperanza Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting high levels of accountability and financial health. The organization scored exceptionally well in several key areas, including having a fully independent board and strong financial oversight mechanisms. With a strong emphasis on transparency, all necessary documents and policies are appropriately listed and maintained, showcasing their commitment to ethical governance.
The financial performance of Esperanza Inc is noteworthy, with a program expense ratio of 69.38%, indicating that a significant portion of their expenditures directly supports their mission. Additionally, their fundraising efficiency ratio stands at an admirable $0.09, demonstrating effective use of funds raised. The organization maintains a low liabilities to assets ratio of 23.04%, indicating a stable financial position with manageable debt levels.
While the overall rating and financial metrics are strong, ongoing transparency and performance monitoring are essential for maintaining trust with donors and stakeholders. However, the current data suggests that Esperanza Inc operates with a high degree of integrity and efficiency, making it a commendable choice for potential supporters looking to contribute to a responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Esperanza Inc?
92% of the 31 reviewers on Facebook recommend Esperanza Inc. Here is a summary of their reviews:
The overall sentiment is quite positive, with many expressing appreciation for the nonprofit's services. Those who recommend the organization highlight its dedication to the community and the positive impact it has made. Although there was one review that didn’t recommend the organization, the general consensus leans towards satisfaction with its efforts and mission.
Reviewers appear to value the commitments made by Esperanza Inc. and acknowledge the beneficial role it plays in supporting its beneficiaries, showcasing a strong sense of trust and reliability among supporters.
This AI summary has been generated from reviews found on Facebook.
Is Esperanza Inc legitimate?
Esperanza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $159,794
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,335,800
For more financial information, click here
Official website here: www.esperanzainc.org
What is the mission statement of Esperanza Inc?
Esperanza Inc's mission is centered around improving the academic achievement of Hispanic students in a particular region. Their primary goal is to support students in graduating from high school and encourage post-secondary educational attainment. The organization implements various after-school programs that focus on student expression, reflective leadership, community service, life and employment skills, academics, career awareness, field trips, and post-secondary education. These initiatives aim to empower Hispanic students and equip them with the necessary skills and knowledge for their future academic and professional pursuits.
Official website here: www.esperanzainc.org
Who is the CEO of Esperanza Inc?
Victor Ruiz is the Trustee of Esperanza Inc.
Official website here: www.esperanzainc.org
What is the revenue of Esperanza Inc?
Esperanza Inc's revenue in 2022 was $2,871,639.
Official website here: www.esperanzainc.org
Who are the executives of Esperanza Inc and what are their salaries?
The average compensation at Esperanza Inc during 2022 was $21,065. There are 71 employees and 42 volunteers at Esperanza Inc.
Here are 19 key members and their salaries:
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- Compensation: $155,748
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- Other: $4,046
Official website here: www.esperanzainc.org
Where can I find the form 990 for Esperanza Inc?
Esperanza Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.esperanzainc.org
Learn more at the official website: www.esperanzainc.org
Mission Statement of Esperanza Inc
Esperanza Inc, a nonprofit organization, is committed to enhancing the academic achievements of Hispanics residing in Greater Cleveland, Ohio. Their mission is twofold: firstly, they aim to assist students in completing high school, and secondly, they promote post-secondary educational attainment among this community.
In pursuit of this mission, Esperanza Inc implements various programs, one of which is the Youth Leadership Program. This after-school initiative focuses on several key areas, including student expression, reflective leadership, community service, life and employment skills, academics, career awareness, field trips, and post-secondary education. By providing a holistic approach to education, Esperanza Inc empowers Hispanic students to not only excel academically but also develop essential life skills, set career goals, and explore post-secondary education options. This comprehensive approach is instrumental in fostering a generation of well-rounded and motivated individuals within the Hispanic community.
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Impact
October, 2024
Esperanza Inc significantly impacts the academic and personal development of Hispanic students in Greater Cleveland, Ohio. By focusing on improving high school graduation rates and promoting post-secondary education, the organization directly addresses educational disparities within the community.
Through its youth leadership program, Esperanza Inc offers after-school initiatives that foster student expression, reflective leadership, and community service. These programs equip students with essential life and employment skills while enhancing their academic competencies. Participants engage in various activities, including career awareness workshops and field trips that broaden their horizons and prepare them for future opportunities.
By providing a supportive environment and essential resources, Esperanza Inc empowers students to achieve their educational goals, ultimately contributing to stronger community development and increased educational attainment among Hispanic youth in the region. The holistic approach to youth development not only focuses on academics but also on cultivating leadership and community engagement, reinforcing the importance of education as a pathway to success.
This information is meant to be a general summary of 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,223
- Gross Receipts: $2,940,203
Assets and Liabilities:
- Total Assets: $2,014,963
- Total Liabilities: $464,351
- Net Assets: $1,550,612
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Organization Details
Founding Year
1983
Phone
(216) 651-7178Principal Officer
Victor Ruiz
Main Address
3104 WEST 25TH STREET - 4TH FLOOR, CLEVELAND, OH, 44109
Website
www.esperanzainc.orgNTEE Category
Code: B90 - Education
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