Latin American Workshop INC EIN 13-2995536

Latin American Workshop INC

EIN  13-2995536 Public charity (501(c)(3)) New York, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers Spanish classes and artistic events, providing linguistic and artistic support services.
Leadership
Jennifer Pliego · Artiistic Dir. · $66K
Money in and out
$451K revenue, $410K expenses
Bottom line
77% program efficiency

Offers Spanish classes and artistic events, providing linguistic and artistic support services. For fiscal year 2024 it reported $451K in revenue, $410K in expenses, and $93K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$451K
Pt VIII · Ln 12
Total expenses
$410K
Pt IX · Ln 25
Net assets
$93K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.19 Fundraising $0.04
Program efficiency
77%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate▲ +31% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +295% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$451K
FY2024▲ +5%
Expenses
$410K
FY2024▼ -2%
Total assets
$244K
FY2024▲ +30%
Total liabilities
$151K
FY20240%
Total revenue
$451K
Pt VIII · Ln 12
Total expenses
$410K
Pt IX · Ln 25
Net assets
$93K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$244K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $317K of program spending, described in the organization's own filed words · FY2024.
01

The organization offers spanish language classes and artistic events. It provides a variety of artistic and linguistic support services for individuals, companies and community organizations.

$317Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLatin American Workshop INC
EINHdr · item D13-2995536
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jtallerlatino.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Artiistic Dir.
$66,362Pt VII · Sec A
$48,010Pt VII · Sec A
Director
$11,300Pt VII · Sec A
$10,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Pliego$66,362$25,299
Bernardo Palombo$10,000$54,200$52,000$53,800$51,091
Lia Alexandra Castano$48,010$46,015
Lia Alexander Castano$40,690$40,690
Niki Palombo$11,300

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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Statement of Revenue

Part VIII
Contributions & grants$280K · 62%
Program service revenue$161K · 36%
Investment income$8K · 2%
Contributions & grants62%$280K
Program service revenue36%$161K
Investment income2%$8K
Other revenue$2K
— government grantsLn 1e$242K
Total revenueLn 12$451K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.19 Fundraising $0.04
Program services77%$317K
Management & general19%$78K
Fundraising4%$15K
Total functional expensesLn 25$410K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$244K
Total liabilitiesLn 26$151K
Total net assetsLn 32$93K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $244K · Operating expenses/yr $410K
7.1 months
Where the money goes
Program services
Program services $317K · Total expenses $410K
77%
Management & General
Management & general $78K · Total expenses $410K
19%
Fundraising
Fundraising $15K · Total expenses $410K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $21K · Solicited contributions (3-yr avg) $19K
$1.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $280K · Total revenue $451K
62%
Government reliance
Government grants $242K · Total revenue $451K
54%
Earned-income share
Program service revenue $161K · Total revenue $451K
36%
Investment reliance
Investment income $8K · Total revenue $451K
+2%
Program self-sufficiency
Program service revenue $161K · Total expenses $410K
39%
Growth & trend
Revenue growth (YoY)
This year $451K · Prior year $429K
+5%
Revenue CAGR
FY2020 $326K · FY2024 $451K
+8%
Net-asset trend (YoY)
End of year $93K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $451K · Expenses $410K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $244K
Net-asset ratio
Net assets $93K · Total assets $244K
38%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $204K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $244K
84%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Pliego · Reported title Artiistic Dir. · Highest reported compensation $66K · Total expenses $410K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $275K · Total expenses $410K
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 19%
Fundraising cost ratio 5%
Revenue growth 5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 7%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$42K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$451K revenue · viewing · ⤓ 990 PDF
FY2023$429K revenue · ⤓ 990 PDF
FY2022$391K revenue · ⤓ 990 PDF
FY2021$309K revenue · ⤓ 990 PDF
FY2020$326K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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