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Fuente Latina Inc

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

EIN: 471624899 ✦ Miami, FL ✦ Designated as a 501(c)(3)

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Overview

What is Fuente Latina Inc?

Fuente Latina Inc is a nonprofit organization based in Miami, Florida, with a focus on breaking down language barriers. They primarily cater to Spanish-speaking individuals worldwide, offering educational programs and events centered around Middle East security and political situations. By doing so, Fuente Latina aims to educate Spanish speakers, including Spanish-language media, on Middle East issues, thereby overcoming geographical and linguistic barriers. The organization employs a team of eight dedicated individuals.


Official website here: www.fuentelatina.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 93% (Four-Star out of Four Star rating)

Fuente Latina Inc has received a strong Four-Star rating from Charity Navigator, reflecting its high performance in accountability and finance, culture and community, and leadership and adaptability. The organization boasts a fully independent board and has achieved perfect scores in several areas, including financial oversight and program expenses, underscoring its commitment to transparency and effective fund management.

The nonprofit excels in its program expense ratio, with over 77% of its expenses directed towards its programs, showcasing its focus on mission-driven work. Additionally, the organization demonstrates effective fundraising efficiency, requiring only $0.04 to raise a dollar. This efficiency, combined with a favorable liabilities to assets ratio, indicates a robust financial health and sustainability.

Despite its strengths, Fuente Latina has been noted to lack a whistleblower policy and a document retention and destruction policy, which may present areas for improvement in governance. However, their strategic goals are clearly defined, focusing on enhancing media services and outreach, which aligns with their mission and community needs. Overall, Fuente Latina Inc is positioned as a strong and reliable nonprofit in its sector.


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

Is Fuente Latina Inc legitimate?

Fuente Latina Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fuente Latina 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: $413,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $577,008

For more financial information, click here


Official website here: www.fuentelatina.org

What is the mission statement of Fuente Latina Inc?

Fuente Latina Inc is an organization dedicated to reducing language barriers by providing educational programs and events on current Middle East security and political situations for Spanish-speaking individuals worldwide. Their primary goal is to educate Spanish speakers, particularly Spanish-language media, about Middle East issues, eliminating both geographical and linguistic barriers. Through these educational initiatives, Fuente Latina aims to foster a better understanding of Middle East matters among the Spanish-speaking community.


Official website here: www.fuentelatina.org

Who is the CEO of Fuente Latina Inc?

Leah Soibel is the Secretary of Fuente Latina Inc. The CEO's salary of Fuente Latina Inc is $218,000 and their total compensation is $218,000.


Official website here: www.fuentelatina.org

What is the revenue of Fuente Latina Inc?

Fuente Latina Inc's revenue in 2022 was $2,564,388.


Official website here: www.fuentelatina.org

Who are the executives of Fuente Latina Inc and what are their salaries?

The average compensation at Fuente Latina Inc during 2022 was $123,816. There are 8 employees and 8 volunteers at Fuente Latina Inc.


Here are 11 key members and their salaries (Fuente Latina Inc's CEO's salary is $218,000 and their total compensation is $218,000):


Evenlyn Drezner-Faigenblat (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claudia Dornbusch (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois R Fishman (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew F Mars (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pepe Sigal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Siegman (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Soibel (Founder/Ceo)
  • Compensation: $218,000
  • Related: $0
  • Other: $0
Stephanie Pier De Romano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Craig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ilene Adler (Interim Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bertha Merikanskas (La Executive Director)
  • Compensation: $133,722
  • Related: $0
  • Other: $0


Official website here: www.fuentelatina.org

Where can I find the form 990 for Fuente Latina Inc?

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


Official website here: www.fuentelatina.org

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

Mission Statement of Fuente Latina Inc

Fuente Latina Inc, an organization dedicated to bridging language barriers, has a mission to educate Spanish-speaking individuals worldwide on current Middle East security and political situations. This is achieved through the provision of educational programs and events. By doing so, Fuente Latina aims to remove geographical and linguistic barriers, allowing Spanish speakers, particularly Spanish-speaking media, to gain a deeper understanding of Middle East issues. The organization's goal is to enlighten this community, promoting informed discussions and fostering a global perspective on these important matters.

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Impact




July, 2024

Fuente Latina Inc's impact lies in bridging the gap between Spanish-speaking individuals and crucial information on Middle East security and political situations. By providing educational programs and events in Spanish, Fuente Latina removes language and geographical barriers, enabling Spanish speakers worldwide, particularly media professionals, to gain a better understanding of critical issues in the Middle East. This access to information helps educate and inform Spanish-speaking communities about international affairs, contributing to greater awareness and dialogue on global challenges.




This information is meant to be a general summary of Fuente Latina 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
$2,564,388 (2022)
20152016201720182019202020212022$0$650k$1.3M$1.95M$2.6M
Expenses
$1,791,258 (2022)
20152016201720182019202020212022$0$450k$900k$1.35M$1.8M
Efficiency
201520162017201820192020202120220%15%30%51%

Other financial information:

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

  • Investment Income: $21,669
  • Program Service Revenue: $90,616
  • Gross Receipts: $2,564,410

Assets and Liabilities:

  • Total Assets: $2,633,556
  • Total Liabilities: $23,346
  • Net Assets: $2,610,210

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Programs

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

PROGRAM INCOME

Revenue

$90,616

Organization Details

Founding Year

2014

Principal Officer

Leah Soibel

Main Address

7300 BISCAYNE BLVD 200, MIAMI, FL, 33138

NTEE Category

Code: Q01 - International

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