El Centro INC EIN 82-4898926 Form 990 (PDF) Claim this org

El Centro INC FY2022 filing

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Empowers people of color with financial literacy and entrepreneurial training. For fiscal year 2022 it reported $294K in revenue, $226K in expenses, and $222K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
New Orleans, LA
Website
www.elcentrola.org
Filings
4 on file (2021–2022)
Revenue
$294KFY2022
Expenses
$226K
Net assets
$222K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  82-4898926 Public charity (501(c)(3)) New Orleans, LA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers people of color with financial literacy and entrepreneurial training.
Leadership
Lindsey Navarro · Executive Director · $38K
Money in and out
$294K revenue, $226K expenses
Bottom line
89% program efficiency
Where the money goes · FY2022
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$226K
Pt IX · Ln 25
Net assets
$222K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $68K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs
Operating runway
11.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$294K
FY2022▲ +60%
Expenses
$226K
FY2022▲ +91%
Total assets
$222K
FY2022▲ +49%
Total liabilities
$410
FY2022
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$226K
Pt IX · Ln 25
Net assets
$222K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$68K
Total assetsPt X · Ln 16$222K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $128K of program spending, described in the organization's own filed words · FY2022.
01

Las Musas is a monthly workshop to empower and support women-owned businesses and entrepreneurs. The objective is to build a network of entrepreneurial women who support one another. This program provides information and access to resources from partner organizations, encourages women to pursue their dreams, and to educate them in…

$61Kprogram expense
02

Empoderate NOLA is a series of biweekly workshops and individual coaching sessions where we explain how to start and register a business, obtain a business license and permits, strategic planning and marketing, accounting, how to access commercial capital, personal credit and financial counseling for home buying, saving, and debt…

$39Kprogram expense
03

Camino Financiero (financial Road Map)

8 week Cohort Style Program that educates clients in understanding credit, credit scores, and debt management and repayment strategies. Also provides basics to personal budgeting and building savings. The program also pairs attendees with 2+ personalized financial coaching appointments.

$28Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEl Centro INC
EINHdr · item D82-4898926
Principal addressHdr · item CNew Orleans, LA
WebsiteHdr · item Jwww.elcentrola.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S02)
Ruling yearIRS BMFMay 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$37,580Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lindsey Navarro’s $70K as Executive Director is at the 46th percentile of top reported officer pay among 1711 $100K–1M 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

NameFY2024FY2023FY2022FY2021
Lindsey Navarro$69,664$49,406$37,580$36,760

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 & grants100%$294K
— government grantsLn 1e$5K
Total revenueLn 12$294K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$202K
Management & general11%$24K
Total functional expensesLn 25$226K

Balance Sheet

Part X · end of year
CashLn 1$222K
Total assetsLn 16$222K
Total liabilitiesLn 26$410
Total net assetsLn 32$222K
Months of cash on handcomputed11.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $222K · Operating expenses/yr $226K
11.8 months
Where the money goes
Program services
Program services $202K · Total expenses $226K
89%
Management & General
Management & general $24K · Total expenses $226K
11%
Fundraising
Fundraising $0 · Total expenses $226K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $223K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $294K · Total revenue $294K
100%
Government reliance
Government grants $5K · Total revenue $294K
2%
Earned-income share
Program service revenue $0 · Total revenue $294K
0%
Investment reliance
Investment income $0 · Total revenue $294K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $226K
0%
Growth & trend
Revenue growth (YoY)
This year $294K · Prior year $183K
+60%
Net-asset trend (YoY)
End of year $222K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $294K · Expenses $226K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $222K
Net-asset ratio
Net assets $222K · Total assets $222K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $222K
0%
People & payroll
Highest Reported Total Compensation
Individual Lindsey Navarro · Reported title Executive Director · Highest reported compensation $38K · Total expenses $226K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $162K · Total expenses $226K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth 60%
Investment management fee ratio 0%
Legal fee ratio 0.01%
Accounting fee ratio 1%
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 · FY2024

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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)$816K revenue · ⤓ 990 PDF
FY2023$355K revenue · ⤓ 990 PDF
FY2022$294K revenue · viewing · ⤓ 990 PDF
FY2021$183K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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