Hola Carolina FY2020 filing

Tax-deductible

Asheville, NC501(c)(3)Arts & CultureEIN 82-2943079Revenue $1.0M in FY2020

On file with the IRSholacarolina.orgPo Box 5146, 28813-5146 · Asheville, NCTax-exempt since Oct 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Hola Carolina is to build bridges between cultures, embrace diversity, and create more economically vibrant communities.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$41K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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 surplus $150K a year · 19% 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $789K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 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
$1.0M
Spent
$369K
To programs
86%
Net assets
$658K
By yearFY2020–FY2024
Revenue
$1.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$805K
FY2022$880K
FY2023$449K
FY2024$829K
Expenses
$369K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$369K
FY2021$682K
FY2022$894K
FY2023$579K
FY2024$708K
Net assets
$658K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$658K
FY2021$763K
FY2022$739K
FY2023$609K
FY2024$730K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Oct 2017.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $316K Management & general 11% · $40K Fundraising 4% · $13K

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

10 people listed on the 990; $41K paid to officers and key staff.

Part VII, Section A · reportable compensation
Outreach Dir
$41,077Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Int'l Progra
$0Pt VII · Sec A
Cultural Art
$0Pt VII · Sec A
Community En
$0Pt VII · Sec A
Education Di
$0Pt VII · Sec A
Secretary/Yo
$0Pt VII · Sec A

Adriana Chavela-Falcon’s $75K as Executive Director is at the 70th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ronald J Stamey$75,000$75,000$139,042$140,000—
Adriana Chavela-Falcon$75,000$75,000$12,375——
Ricardo Bello Ball———$1,140$41,077
Vanessa Garcia———$600—

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 Hola Carolina 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Connects cultures, embraces diversity, and builds economically vibrant communities.

Provided by the organization

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1 program · $316K · in their own filed words · FY2020
01

Fees for education and outreach programs that bridges cultural communication between government, business and instorically under-represented and underserved communities. In the disruptive times of COVID-19, the organization participated in programs to fill the gap in news information, combat misinformation and improve communication for…

$316Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Manna Food BankFY2024$50K
Total grants receivedfrom 13 funders$789K
See all 13 funders →
Grants paid · 20 grants · $545K · 2021–2024
Unitemized GrantFY2024$5,155
Unidex WncFY2023$30,000
Unidx WncFY2022$96,840
Pisgah Legal ServicesNC · FY2022$40,000
Unete INCNC · FY2022$25,000
Bounty & SoulNC · FY2022$25,000
El Puente HispanoNC · FY2022$15,000
Unitemized GrantFY2021$29,914
Unete INCNC · FY2021$20,000
Beloved AshevilleNC · FY2021$20,000
Vecinos INCNC · FY2021$15,000
See all 20 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$931K
Fees for servicesLn 2g$86K
Investment incomeLn 3$53
Money outPt IX
$369K
Ln 25
Programscol B$316K
Managementcol C$40K
Fundraisingcol D$13K
Owns and owesPt X
$658K
net assets · Ln 32
Cash and savingsLn 1–2$600K
Total assetsLn 16$663K
LiabilitiesLn 26$5K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$931K
Government grantsLn 1e$9K
Fees for servicesLn 2g$86K
Investment incomeLn 3$53
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$533K
Cash and savings togetherLn 1–2$600K
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$550
Total assetsLn 16$663K
LiabilitiesLn 26$5K
Net assetsLn 32$658K
OperationsPt I, VI
EmployeesI 51
VolunteersI 650
Fiscal year endsHeaderDecember
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$15K$600K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$17K$663K
LiabilitiesLn 26$2K$5K
Net assetsLn 32$15K$658K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Other salaries and wagesLn 7$84K$59K$13K$13K
Payroll taxesLn 10$5K$3K$687$687
Legal feesLn 11b$5K$5K
Other fees for servicesLn 11g$185K$185K
Advertising and promotionLn 12$28K$28K
Office expensesLn 13$21K$21K
OccupancyLn 16$14K$14K
TravelLn 17$7K$7K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$621$621
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$2K$2K$374
Total functional expensesLn 25$369K$316K$40K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $829K$708K$121K$730K 990 PDF
FY2023 $449K$579K−$130K$609K 990 PDF
FY2022 $880K$894K−$13K$739K 990 PDF
FY2021 $805K$682K$123K$763K 990 PDF
FY2020 Viewing $1.0M$369K$648K$658K 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 (6 parts)
Part I · Summary $1,017,115 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $93,177$930,588
I-9 Program service revenuePrior year $83,911$86,474
I-10 Investment income$53
I-11 Other revenue$0
I-12 Total revenuePrior year $177,088$1,017,115
I-13 Grants and similar amounts paid$3,691
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $68,316$88,757
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $96,564$276,846
I-18 Total expensesPrior year $164,880$369,294
I-19 Revenue less expensesPrior year $12,208$647,821
Part VI · Governance 9 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,017,115 across 6 lines filed
VIII-1e Government grants$9,059
VIII-1f All other contributions, gifts and grants$921,529
VIII-1h Total contributions, gifts and grants$930,588
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,474$86,474
VIII-3 Investment incomeExcluded from tax $53$53
VIII-12 Total revenueRelated to mission $86,474 · Excluded from tax $53$1,017,115
Part IX · Statement of functional expenses $369,294 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $3,691$3,691
IX-7 Other salaries and wagesPrograms $58,923 · Management $12,626 · Fundraising $12,626$84,175
IX-10 Payroll taxesPrograms $3,208 · Management $687 · Fundraising $687$4,582
IX-11b Legal feesManagement $5,242$5,242
IX-11g Other fees for servicesPrograms $185,414$185,414
IX-12 Advertising and promotionPrograms $27,810$27,810
IX-13 Office expensesManagement $21,087$21,087
IX-16 OccupancyPrograms $14,354$14,354
IX-17 TravelPrograms $6,891$6,891
IX-20 InterestPrograms $1,605$1,605
IX-22 Depreciation, depletion and amortizationPrograms $621$621
IX-23 InsurancePrograms $2,160$2,160
IX-24 Other expenses (24a–d)Programs $9,425$9,425
IX-24e All other expensesPrograms $1,863 · Management $374$2,237
IX-25 Total functional expensesPrograms $315,965 · Management $40,016 · Fundraising $13,313$369,294
Part X · Balance sheet $663,288 assets, 13 lines filed
Asset lines not itemized here account for $7,235; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $15,222$67,119
X-2 Savings and temporary cash investments$533,340
X-4 Accounts receivableStart of year $888$4,780
X-10c Land, buildings and equipment, net$10,736
X-14 Intangible assets$39,528
X-15 Other assetsStart of year $550$550
X-16 Total assetsStart of year $16,660$663,288
X-17 Accounts payable and accrued expensesStart of year $1,546$5,459
X-26 Total liabilitiesStart of year $1,546$5,459
X-27 Net assets without donor restrictionsStart of year $15,114$547,101
X-28 Net assets with donor restrictions$110,728
X-32 Total net assets or fund balancesStart of year $15,114$657,829
X-33 Total liabilities and net assetsStart of year $16,660$663,288
Part XI · Reconciliation of net assets $657,829 net assets at year end
XI-1 Total revenue$1,017,115
XI-2 Total expenses$369,294
XI-3 Revenue less expenses$647,821
XI-4 Net assets at start of year$15,114
XI-8 Prior period adjustments−$5,106
XI-10 Net assets at end of year$657,829

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

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