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Centro Esperanza INC FY2024 filing

Tax-deductible

Loiza, PR501(c)(3)Human ServicesEIN 66-0479375Revenue $458K in FY2024

On file with the IRScentroesperanzaloiza.orgPo Box 482, 00772-0482 · Loiza, PRTax-exempt since Jan 2005Publicly supported charity — 170(b)(1)(A)(vi)

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To promote and facilitate the integral development of the children and families of limited financial resources of loiza and neighboring towns

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$7K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $21K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7K
to officers and key staff · 1.0% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$56K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$458K
-43% vs prior year
Spent
$687K
To programs
90%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$458K
FY2024▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2021$423K
FY2022$640K
FY2023$807K
FY2024$458K
FY2025$1.1M
Expenses
$687K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$531K
FY2022$666K
FY2023$629K
FY2024$687K
FY2025$839K
Net assets
$1.1M
FY2024▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.2M
FY2023$1.4M
FY2024$1.1M
FY2025$1.4M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2005.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $616K Management & general 10% · $66K Fundraising 1% · $4K

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

12 people listed on the 990; $7K 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
Sor Claribel Camacho Hc
Executive Director
$6,733Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sor Claribel Camacho Hc’s $2K as Executive Director is at the 0th percentile of top reported officer pay among 3869 $1–10M human services 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

NameFY2025FY2024FY2023FY2022FY2021
Sor Claribel Camacho Hc$2,060$6,733$7,893$3,482$10,884

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 children and families with limited resources in Loiza and nearby towns develop fully.

Questions for Centro Esperanza INC

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Provided by the organization

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3 programs · $615K · in their own filed words · FY2023
01

Montessory program. The program is designed to provide education based on montessori method for children within age 1.5 to 9 and students from pre kindergarten to third grade. Transportation and nutrition are offered to students. Since inception in the year 2009, the program has servesd more than 841 students.

$454Kprogram expense
02

"vida y esperanza"program. The program offers counseling and psychology therapy to couples, families and individuals affected by violence. Also, provides psychology evaluations and psychometrics tests to child whose families does not have the economic resources.

$95Kprogram expense
03

Music program. Melodias de esperanza. The music program provides individualized music education to youths within the age of 4 to 18 years old. The program combines theory and practice to prepare the students to continue music education in other specialized music schools and universities.

$66Kprogram 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
Fondos Unidos De Puerto Rico INCFY2024$24K
Total grants receivedfrom 1 funder$24K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$458K
Ln 12
Fees for servicesLn 2g$458K
Money outPt IX
$687K
Ln 25
Programscol B$616K
Managementcol C$66K
Fundraisingcol D$4K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$1.2M
LiabilitiesLn 26$56K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$458K
Gains on assetsLn 7$0
Total revenueLn 12$458K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$500
Total assetsLn 16$1.2M
LiabilitiesLn 26$56K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 522
VolunteersI 60
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$258K$42K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.4M$1.2M
LiabilitiesLn 26$14K$56K
Net assetsLn 32$1.4M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$320K$283K$36K$0
Payroll taxesLn 10$42K$38K$5K$0
Office expensesLn 13$6K$6K$546$0
Depreciation, depletion and amortizationLn 22$70K$62K$8K$0
InsuranceLn 23$27K$24K$3K$0
Other expenses (24a–d)Ln 24$178K$169K$9K$0
All other expensesLn 24e$44K$35K$4K$4K
Total functional expensesLn 25$687K$616K$66K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$839K$290K$1.4M 990 PDF
FY2024 Viewing $458K$687K−$229K$1.1M 990 PDF
FY2023 $807K$629K$178K$1.4M 990 PDF
FY2022 $640K$666K−$26K$1.2M 990 PDF
FY2021 $423K$531K−$108K$1.2M 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 $457,947 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $765,892$457,947
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $41,267$0
I-12 Total revenuePrior year $807,159$457,947
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 $290,152$362,024
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $338,852$324,719
I-18 Total expensesPrior year $629,004$686,743
I-19 Revenue less expensesPrior year $178,155−$228,796
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $457,947 across 14 lines filed
Lines not itemized here account for $457,947 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $457,947 · Unrelated business $0 · Excluded from tax $0$457,947
Part IX · Statement of functional expenses $686,743 across 7 lines filed
IX-7 Other salaries and wagesPrograms $283,400 · Management $36,124 · Fundraising $0$319,524
IX-10 Payroll taxesPrograms $37,693 · Management $4,807 · Fundraising $0$42,500
IX-13 Office expensesPrograms $5,521 · Management $546 · Fundraising $0$6,067
IX-22 Depreciation, depletion and amortizationPrograms $62,096 · Management $7,918 · Fundraising $0$70,014
IX-23 InsurancePrograms $23,597 · Management $3,009 · Fundraising $0$26,606
IX-24 Other expenses (24a–d)Programs $168,969 · Management $9,455 · Fundraising $0$178,424
IX-24e All other expensesPrograms $34,829 · Management $4,424 · Fundraising $4,355$43,608
IX-25 Total functional expensesPrograms $616,105 · Management $66,283 · Fundraising $4,355$686,743
Part X · Balance sheet $1,197,381 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $257,872$41,856
X-4 Accounts receivableStart of year $12,243$32,675
X-9 Prepaid expenses and deferred chargesStart of year $9,610$12,033
X-10c Land, buildings and equipment, netStart of year $1,098,162$1,110,317
X-15 Other assetsStart of year $6,591$500
X-16 Total assetsStart of year $1,384,478$1,197,381
X-17 Accounts payable and accrued expensesStart of year $13,227$21,368
X-24 Unsecured notes and loans payable$27,264
X-26 Total liabilitiesStart of year $14,017$55,716
X-27 Net assets without donor restrictionsStart of year $991,023$1,003,197
X-28 Net assets with donor restrictionsStart of year $379,438$138,468
X-32 Total net assets or fund balancesStart of year $1,370,461$1,141,665
X-33 Total liabilities and net assetsStart of year $1,384,478$1,197,381
Part XI · Reconciliation of net assets $1,141,665 net assets at year end
XI-1 Total revenue$457,947
XI-2 Total expenses$686,743
XI-3 Revenue less expenses−$228,796
XI-4 Net assets at start of year$1,370,461
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,141,665

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

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