Overview
What is Cervantes Fundacion Hispanoam?
Cervantes Fundacion Hispanoam is a nonprofit organization situated in Louisiana, dedicated to preserving and promoting modern and classical Hispanic arts and cultural traditions within the community. Through its significant impact, the foundation has gained recognition for its events, notably the Que Pasa Fest, which celebrates Hispanic culture with a budget of $21,694.00. The organization's mission encompasses fostering an appreciation for Hispanic arts and traditions, ultimately enriching the cultural landscape of Louisiana.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%, Zero-Star out of Four Star rating.
Cervantes Fundacion Hispanoam has received a low rating of 35%, primarily due to serious concerns regarding its accountability and financial practices. The rating indicates that the organization lacks independent board members and fails to meet multiple essential governance benchmarks, such as having a conflict of interest policy and a whistleblower policy in place.
Despite the deficiencies in governance, the organization does appear to direct all its expenses toward its programs, achieving a perfect score in the Program Expense Ratio. However, the absence of a website listed on its tax form and missing documentation related to board meetings further highlights the need for improved transparency and operational integrity.
The overall zero-star rating reflects a significant need for the Cervantes Fundacion Hispanoam to enhance its practices surrounding accountability and board independence. To regain trust and improve its standing, the organization should focus on establishing necessary policies and ensuring transparent operations.
This AI summary has been generated from information found on Charity Navigator.
Is Cervantes Fundacion Hispanoam legitimate?
Cervantes Fundacion Hispanoam is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cervantes Fundacion Hispanoam 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: $0
For more financial information, click here
What is the mission statement of Cervantes Fundacion Hispanoam?
The Cervantes Fundacion Hispanoam is committed to promoting modern and classical Hispanic arts and cultural traditions in a specific location, which is not specified in the provided information. The organization has had a significant impact on its community through various events. Its mission encompasses fostering an appreciation for Hispanic culture, and it has allocated funds for events such as Que Pasa Fest, which celebrates this culture with a budget of $21,694.00. The foundation's activities aim to preserve and share the rich cultural heritage of Hispanic communities, fostering a sense of unity and appreciation for diverse artistic expressions.
Who is the CEO of Cervantes Fundacion Hispanoam?
Javier Olondo is the President of Cervantes Fundacion Hispanoam.
What is the revenue of Cervantes Fundacion Hispanoam?
Cervantes Fundacion Hispanoam's revenue in 2022 was $59,733.
Who are the executives of Cervantes Fundacion Hispanoam and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cervantes Fundacion Hispanoam?
Cervantes Fundacion Hispanoam's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cervantes Fundacion Hispanoam
Cervantes Fundación Hispanoam, a nonprofit organization, is dedicated to promoting modern and classical Hispanic arts and cultural traditions in Louisiana. With a significant impact on the community, this foundation has distinguished itself through various events. Its mission is to preserve and celebrate the rich cultural heritage of Hispanic communities, fostering a deeper appreciation for these traditions among the local population. The organization achieves this by organizing and sponsoring events that showcase Hispanic arts and culture, such as the annual Que Pasa Fest, with a budget of $21,694.00. This festivity serves as a platform for showcasing Hispanic music, dance, and cuisine, providing an immersive experience that promotes cross-cultural understanding and unity.
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Impact
August, 2024
Cervantes Fundacion Hispanoam has had a significant impact on the community in Louisiana through its promotion of modern and classical Hispanic arts and cultural traditions. The organization's events, such as the Que Pasa Fest, not only celebrate Hispanic culture but also contribute to the cultural richness of the region. By providing a platform for artistic expression and cultural exchange, Cervantes Fundacion Hispanoam helps to foster a more inclusive and diverse community in Metairie, Louisiana.
This information is meant to be a general summary of Cervantes Fundacion Hispanoam. 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: $39
- Gross Receipts: $59,733
Assets and Liabilities:
- Total Assets: $18,451
- Total Liabilities: $31,153
- Net Assets: -$12,702
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Organization Details
Principal Officer
Javier Olondo
Main Address
5224 VINELAND ST, METAIRIE, LA, 700011030
NTEE Category
Code: Z99 - Unknown
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