La Vida INC.'s mission is to equip low-income, high-achieving students in lynn and chelsea, ma with the resources and preparation they need to enter colleges, and to award parents who save toward college with matched funds and the training necessary to make informed decisions regarding their child's higher education.form 990, part IV, line 12a: form 990 is being prepared with the best available information at the time of filing. Upon completion of the audit, if there are any significant changes, appropriate action will be taken.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $91K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $662K
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$58K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$736K
+22% vs prior year
Spent
$576K
To programs
65%
Net assets
$322K
By yearFY2020–FY2024
Revenue
$736K
FY2021▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$602K
FY2021$736K
FY2022$766K
FY2023$1.3M
FY2024$1.3M
Expenses
$576K
FY2021▼ -0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$580K
FY2021$576K
FY2022$676K
FY2023$1.1M
FY2024$1.3M
Net assets
$322K
FY2021▲ +98%
Tap a bar for its year
Net assets by fiscal year
FY2020$163K
FY2021$322K
FY2022$412K
FY2023$626K
FY2024$723K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $376K Management & general 28% · $162K Fundraising 7% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Peter Barros’s $150K as Executive Director is at the 77th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023
Peter Barros$150,000$158,077
Judith Bowe$105,769—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps low-income students get into college and matches parent savings for education.

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Provided by the organization

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1 program · $376K · in their own filed words · FY2021
01

La vida, inc. Is a three-year after-school college preparatory program for low-income, high-achieving students and their parents who live in the cities of lynn and chelsea, massachusetts. Student participants evaluate best college fit, complete financial aid and college applications, and begin to plan their future career.

$376Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 16 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$736K
Ln 12
Gifts and grantsLn 1h$734K
Other incomeLn 4–11$2K
Money outPt IX
$576K
Ln 25
Programscol B$376K
Managementcol C$162K
Fundraisingcol D$38K
Owns and owesPt X
$322K
net assets · Ln 32
Cash and savingsLn 1–2$179K
Total assetsLn 16$380K
LiabilitiesLn 26$58K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$734K
Government grantsLn 1e$49K
Other incomeLn 4–11$2K
Total revenueLn 12$736K
Assets in detailPt X, end of year
CashLn 1$179K
Cash and savings togetherLn 1–2$179K
Land, buildings, equipmentLn 10c$30K
Other assetsLn 15$0
Total assetsLn 16$380K
LiabilitiesLn 26$58K
Net assetsLn 32$322K
OperationsPt I, VI
EmployeesI 512
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$71K$179K
Land, buildings, equipmentLn 10c$34K$30K
Total assetsLn 16$181K$380K
LiabilitiesLn 26$19K$58K
Net assetsLn 32$163K$322K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$246K$165K$55K$27K
Other employee benefitsLn 9$25K$14K$7K$4K
Payroll taxesLn 10$18K$10K$5K$3K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$3K$2K$869$434
Advertising and promotionLn 12$5K$3K$1K$744
Office expensesLn 13$3K$3K$199$101
OccupancyLn 16$48K$48K
TravelLn 17$263$144$79$40
Conferences, conventions and meetingsLn 19$8K$8K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$4K$742$3K$202
Other expenses (24a–d)Ln 24$161K$109K$52K
All other expensesLn 24e$28K$15K$10K$3K
Total functional expensesLn 25$576K$376K$162K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.3M$17K$723K 990 PDF
FY2023 $1.3M$1.1M$165K$626K 990 PDF
FY2022 $766K$676K$90K$412K 990 PDF
FY2021 Viewing $736K$576K$160K$322K 990 PDF
FY2020 $602K$580K$22K$163K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $735,931 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $599,396$733,531
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,600$2,400
I-12 Total revenuePrior year $601,996$735,931
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $262,496$288,938
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $317,819$287,418
I-18 Total expensesPrior year $580,315$576,356
I-19 Revenue less expensesPrior year $21,681$159,575
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $735,931 across 5 lines filed
VIII-1e Government grants$49,302
VIII-1f All other contributions, gifts and grants$684,229
VIII-1h Total contributions, gifts and grants$733,531
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,400$2,400
VIII-12 Total revenueRelated to mission $2,400 · Unrelated business $0 · Excluded from tax $0$735,931
Part IX · Statement of functional expenses $576,356 across 14 lines filed
IX-7 Other salaries and wagesPrograms $164,564 · Management $54,537 · Fundraising $27,268$246,369
IX-9 Other employee benefitsPrograms $13,514 · Management $7,370 · Fundraising $3,686$24,570
IX-10 Payroll taxesPrograms $9,899 · Management $5,400 · Fundraising $2,700$17,999
IX-11c Accounting feesManagement $22,637$22,637
IX-11g Other fees for servicesPrograms $1,595 · Management $869 · Fundraising $434$2,898
IX-12 Advertising and promotionPrograms $2,725 · Management $1,486 · Fundraising $744$4,955
IX-13 Office expensesPrograms $2,968 · Management $199 · Fundraising $101$3,268
IX-16 OccupancyPrograms $47,931$47,931
IX-17 TravelPrograms $144 · Management $79 · Fundraising $40$263
IX-19 Conferences, conventions and meetingsPrograms $8,011$8,011
IX-22 Depreciation, depletion and amortizationManagement $3,896$3,896
IX-23 InsurancePrograms $742 · Management $3,430 · Fundraising $202$4,374
IX-24 Other expenses (24a–d)Programs $109,179 · Management $51,906$161,085
IX-24e All other expensesPrograms $14,944 · Management $10,180 · Fundraising $2,976$28,100
IX-25 Total functional expensesPrograms $376,216 · Management $161,989 · Fundraising $38,151$576,356
Part X · Balance sheet $379,821 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $70,850$179,111
X-4 Accounts receivableStart of year $72,411$166,436
X-9 Prepaid expenses and deferred chargesStart of year $2,473$4,060
X-10c Land, buildings and equipment, netStart of year $34,110$30,214
X-15 Other assetsStart of year $1,300$0
X-16 Total assetsStart of year $181,144$379,821
X-17 Accounts payable and accrued expensesStart of year $2,804$50,404
X-19 Deferred revenue$7,265
X-25 Other liabilitiesStart of year $15,763$0
X-26 Total liabilitiesStart of year $18,567$57,669
X-27 Net assets without donor restrictionsStart of year $112,577$297,152
X-28 Net assets with donor restrictionsStart of year $50,000$25,000
X-32 Total net assets or fund balancesStart of year $162,577$322,152
X-33 Total liabilities and net assetsStart of year $181,144$379,821
Part XI · Reconciliation of net assets $322,152 net assets at year end
XI-1 Total revenue$735,931
XI-2 Total expenses$576,356
XI-3 Revenue less expenses$159,575
XI-4 Net assets at start of year$162,577
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$322,152

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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