El Centro Hispano INC FY2024 filing

Tax-deductible

Durham, NC501(c)(3)Since 1996Community DevelopmentEIN 56-2011661Revenue $2.8M in FY2024

On file with the IRSelcentronc.org2000 Chapel Hill Rd Ste 26a, 27707-1155 · Durham, NCTax-exempt since Jan 1998Publicly supported charity — 170(b)(1)(A)(vi)

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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.
69¢ of each $1 spent went to programs.
$81K 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

FY2024 · 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
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
$1.0M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
-17% vs prior year
Spent
$4.0M
To programs
69%
Net assets
$693K
By yearFY2020–FY2024
Revenue
$2.8M
FY2024▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$4.4M
FY2022$5.2M
FY2023$3.4M
FY2024$2.8M
FY2024$3.5M
Expenses
$4.0M
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$3.2M
FY2022$4.8M
FY2023$4.4M
FY2024$4.0M
FY2024$4.0M
Net assets
$693K
FY2024▼ -61%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$2.4M
FY2022$2.9M
FY2023$1.8M
FY2024$693K
FY2024$944K

From the FY2024 Form 990 (year ending June 2024) · 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

69 cents of each dollar spent went to programs.

Program services 69% · $2.7M Management & general 31% · $1.3M

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; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & CEO
$80,881Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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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3 programs · $2.4M · in their own filed words · FY2023
01

Community Support

Reduce structural and systemic barriers preventing HISPANIC/LATINO/LATINX from accessing affordable, equitable services and resources based on community members' identified needs. 16,360 people assisted in-person and over the phone. 2,215 people assisted with essentials such as rent, utilities, diapers and food.

$1.1Mprogram expense
02

Community Health

To expand individual, organizational, and community capacity to sustain improved health and quality of life for HISPANIC/LATINOS and other historically underserved communities within its service areas. 9,056 people received COVID-19 TESTING/VACCINATION through our testing site and vax community pop-ups.

$823Kprogram expense
03

Civic and Community Participation

To expand the capacity of community members and organizations to respond to, advocate for, and address issues affecting the lives of HISPANIC/LATINO/LATINX, assuring representation and inclusion of latinos and their concerns in planning and decision-making processes.

$467Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$1K
Money outPt IX
$4.0M
Ln 25
Programscol B$2.7M
Managementcol C$1.3M
Owns and owesPt X
$693K
net assets · Ln 32
Cash and savingsLn 1–2$487K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$1.5M
Noncash giftsLn 1g$18K
Fundraising eventsLn 1c$62K
Investment incomeLn 3$1K
Gains on assetsLn 7$246
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$487K
SavingsLn 2$537
Cash and savings togetherLn 1–2$487K
InvestmentsLn 11–13$40K
Land, buildings, equipmentLn 10c$98K
Other assetsLn 15$647K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.0M
Net assetsLn 32$693K
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 FY24End FY24
Cash and savingsLn 1–2$1.2M$487K
InvestmentsLn 11–13$43K$40K
Land, buildings, equipmentLn 10c$120K$98K
Total assetsLn 16$2.6M$1.7M
LiabilitiesLn 26$802K$1.0M
Net assetsLn 32$1.8M$693K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$91K$68K$23K
Other salaries and wagesLn 7$1.8M$1.3M$459K
Pension plan contributionsLn 8$11K$8K$3K
Other employee benefitsLn 9$49K$36K$13K
Payroll taxesLn 10$159K$118K$41K
Investment management feesLn 11f$380$380
Office expensesLn 13$127K$50K$78K
OccupancyLn 16$277K$31K$246K
TravelLn 17$69K$55K$14K
Conferences, conventions and meetingsLn 19$17K$8K$9K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$20K$8K$12K
Other expenses (24a–d)Ln 24$1.3M$1.0M$320K
All other expensesLn 24e$29K$11K$17K
Total functional expensesLn 25$4.0M$2.7M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $2,831,948 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,416,929$2,850,986
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $875$1,255
I-11 Other revenuePrior year −$5,357−$20,293
I-12 Total revenuePrior year $3,412,447$2,831,948
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 $2,185,956$2,097,724
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,212,939$1,898,835
I-18 Total expensesPrior year $4,398,895$3,996,559
I-19 Revenue less expensesPrior year −$986,448−$1,164,611
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,831,948 across 10 lines filed
VIII-1c Fundraising events$62,390
VIII-1e Government grants$1,497,979
VIII-1f All other contributions, gifts and grants$1,290,617
VIII-1g Noncash contributions (included above)$17,669
VIII-1h Total contributions, gifts and grants$2,850,986
VIII-3 Investment incomeExcluded from tax $1,009$1,009
VIII-7 Net gain or loss on sales of assetsExcluded from tax $246$246
VIII-8 Net income from fundraising eventsExcluded from tax −$39,311−$39,311
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,018$19,018
VIII-12 Total revenueRelated to mission $19,018 · Unrelated business $0 · Excluded from tax −$38,056$2,831,948
Part IX · Statement of functional expenses $3,996,559 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,770 · Management $23,400$91,170
IX-7 Other salaries and wagesPrograms $1,329,515 · Management $459,066$1,788,581
IX-8 Pension plan contributionsPrograms $7,843 · Management $2,708$10,551
IX-9 Other employee benefitsPrograms $36,214 · Management $12,504$48,718
IX-10 Payroll taxesPrograms $117,970 · Management $40,734$158,704
IX-11f Investment management feesManagement $380$380
IX-13 Office expensesPrograms $49,685 · Management $77,707$127,392
IX-16 OccupancyPrograms $30,877 · Management $246,146$277,023
IX-17 TravelPrograms $55,013 · Management $13,947$68,960
IX-19 Conferences, conventions and meetingsPrograms $7,726 · Management $9,295$17,021
IX-22 Depreciation, depletion and amortizationManagement $22,252$22,252
IX-23 InsurancePrograms $8,080 · Management $11,621$19,701
IX-24 Other expenses (24a–d)Programs $1,017,966 · Management $319,547$1,337,513
IX-24e All other expensesPrograms $11,262 · Management $17,331$28,593
IX-25 Total functional expensesPrograms $2,739,921 · Management $1,256,638 · Fundraising $0$3,996,559
Part X · Balance sheet $1,713,993 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,160,748$486,639
X-2 Savings and temporary cash investmentsStart of year $537$537
X-3 Pledges and grants receivableStart of year $827,623$391,963
X-4 Accounts receivableStart of year $55,778$28,239
X-9 Prepaid expenses and deferred chargesStart of year $8,607$21,464
X-10c Land, buildings and equipment, netStart of year $120,070$97,817
X-12 Other securitiesStart of year $42,616$39,949
X-15 Other assetsStart of year $369,786$647,385
X-16 Total assetsStart of year $2,585,765$1,713,993
X-17 Accounts payable and accrued expensesStart of year $160,943$211,008
X-19 Deferred revenueStart of year $47,775$30,163
X-25 Other liabilitiesStart of year $593,145$779,534
X-26 Total liabilitiesStart of year $801,863$1,020,705
X-27 Net assets without donor restrictionsStart of year $969,608$311,191
X-28 Net assets with donor restrictionsStart of year $814,294$382,097
X-32 Total net assets or fund balancesStart of year $1,783,902$693,288
X-33 Total liabilities and net assetsStart of year $2,585,765$1,713,993
Part XI · Reconciliation of net assets $693,288 net assets at year end
XI-1 Total revenue$2,831,948
XI-2 Total expenses$3,996,559
XI-3 Revenue less expenses−$1,164,611
XI-4 Net assets at start of year$1,783,902
XI-5 Net unrealized gains (losses) on investments−$3,892
XI-8 Prior period adjustments$130,000
XI-9 Other changes in net assets−$52,111
XI-10 Net assets at end of year$693,288

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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