El Centro Hispano INC FY2020 filing

Tax-deductible

Durham, NC501(c)(3)Since 1996Community DevelopmentEIN 56-2011661

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El Centro Hispano works to strengthen the community, build bridges, and promote opportunities for all.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$66K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average deficit $65K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $54K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$328K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.3M
To programs
60%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$1.6M
FY2020
Revenue by fiscal year
FY2020$1.6M
FY2021$4.4M
FY2022$5.2M
FY2023$3.4M
FY2024$2.8M
FY2024$3.5M
Expenses
$1.3M
FY2020
Expenses by fiscal year
FY2020$1.3M
FY2021$3.2M
FY2022$4.8M
FY2023$4.4M
FY2024$4.0M
FY2024$4.0M
Net assets
$1.3M
FY2020
Net assets by fiscal year
FY2020$1.3M
FY2021$2.4M
FY2022$2.9M
FY2023$1.8M
FY2024$693K
FY2024$944K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

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

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $784K Management & general 40% · $521K

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

11 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$66,351Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Vice-Chair
$0Pt VII · Sec A

Pilar Rocha-Goldberg’s $88K as President & CEO is at the 14th percentile of top reported officer pay among 2832 $1–10M community development 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Pilar Rocha-Goldberg$88,258$80,881$80,230$75,430$63,648$66,351

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.

See El Centro Hispano INC executive salaries →

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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

Strengthens community, builds bridges, and advocates for equity and inclusion for Hispanics/Latinos.

Provided by the organization

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1 program · $784K · in their own filed words · FY2019
01

El centro hispano supports the latino population in the raleigh, durham, carrboro and chapel hill, north carolina area through the development of local leadership and nurturing of educational, social, cultural and recreational programs.

$784Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$54K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$310
Money outPt IX
$1.3M
Ln 25
Programscol B$784K
Managementcol C$521K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.6M
LiabilitiesLn 26$328K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$344K
Investment incomeLn 3$310
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$534
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$15K
Land, buildings, equipmentLn 10c$114K
Other assetsLn 15$8K
Total assetsLn 16$1.6M
LiabilitiesLn 26$328K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 561
VolunteersI 6118
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$423K$1.0M
InvestmentsLn 11–13$15K$15K
Land, buildings, equipmentLn 10c$123K$114K
Total assetsLn 16$1.1M$1.6M
LiabilitiesLn 26$35K$328K
Net assetsLn 32$1.0M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$20K$40K
Other salaries and wagesLn 7$417K$234K$183K
Pension plan contributionsLn 8$2K$943$1K
Other employee benefitsLn 9$16K$11K$5K
Payroll taxesLn 10$38K$25K$13K
Accounting feesLn 11c$62K$62K
Office expensesLn 13$79K$35K$44K
OccupancyLn 16$118K$41K$77K
TravelLn 17$23K$14K$9K
Conferences, conventions and meetingsLn 19$5K$4K$1K
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$11K$472$11K
Other expenses (24a–d)Ln 24$453K$394K$59K
All other expensesLn 24e$6K$4K$2K
Total functional expensesLn 25$1.3M$784K$521K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.8M$4.0M−$1.2M$693K 990 PDF
FY2023 $3.4M$4.4M−$986K$1.8M 990 PDF
FY2022 $5.2M$4.8M$425K$2.9M 990 PDF
FY2021 $4.4M$3.2M$1.1M$2.4M 990 PDF
FY2020 Viewing $1.6M$1.3M$273K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,577,715 across 5 lines filed
VIII-1e Government grants$344,004
VIII-1f All other contributions, gifts and grants$1,233,401
VIII-1h Total contributions, gifts and grants$1,577,405
VIII-3 Investment incomeExcluded from tax $310$310
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $310$1,577,715
Part IX · Statement of functional expenses $1,304,644 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $20,239 · Management $40,009$60,248
IX-7 Other salaries and wagesPrograms $233,873 · Management $182,726$416,599
IX-8 Pension plan contributionsPrograms $943 · Management $1,367$2,310
IX-9 Other employee benefitsPrograms $11,113 · Management $4,911$16,024
IX-10 Payroll taxesPrograms $25,097 · Management $12,928$38,025
IX-11c Accounting feesManagement $61,617$61,617
IX-13 Office expensesPrograms $35,126 · Management $43,597$78,723
IX-16 OccupancyPrograms $40,573 · Management $77,437$118,010
IX-17 TravelPrograms $14,404 · Management $9,014$23,418
IX-19 Conferences, conventions and meetingsPrograms $4,048 · Management $1,358$5,406
IX-22 Depreciation, depletion and amortizationManagement $13,782$13,782
IX-23 InsurancePrograms $472 · Management $10,938$11,410
IX-24 Other expenses (24a–d)Programs $393,793 · Management $58,977$452,770
IX-24e All other expensesPrograms $3,996 · Management $2,306$6,302
IX-25 Total functional expensesPrograms $783,677 · Management $520,967 · Fundraising $0$1,304,644
Part X · Balance sheet $1,628,608 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $422,818$1,041,299
X-2 Savings and temporary cash investmentsStart of year $528$534
X-3 Pledges and grants receivableStart of year $429,397$376,569
X-4 Accounts receivableStart of year $64,283$73,043
X-10c Land, buildings and equipment, netStart of year $123,084$114,248
X-12 Other securitiesStart of year $15,052$15,219
X-15 Other assetsStart of year $7,696$7,696
X-16 Total assetsStart of year $1,062,858$1,628,608
X-17 Accounts payable and accrued expensesStart of year $34,866$27,492
X-19 Deferred revenue$37,077
X-24 Unsecured notes and loans payable$92,300
X-25 Other liabilitiesStart of year $0$170,819
X-26 Total liabilitiesStart of year $34,866$327,688
X-27 Net assets without donor restrictionsStart of year $377,033$330,700
X-28 Net assets with donor restrictionsStart of year $650,959$970,220
X-32 Total net assets or fund balancesStart of year $1,027,992$1,300,920
X-33 Total liabilities and net assetsStart of year $1,062,858$1,628,608
Part XI · Reconciliation of net assets $1,300,920 net assets at year end
XI-1 Total revenue$1,577,715
XI-2 Total expenses$1,304,644
XI-3 Revenue less expenses$273,071
XI-4 Net assets at start of year$1,027,992
XI-5 Net unrealized gains (losses) on investments−$143
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,300,920

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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