2024-08-12T15:20:52-05:00 2023-09-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2022-10-01 341403492 ESPERANZA INC ESPE 2166517178 3104 WEST 25TH STREET - 4TH FLOOR CLEVELAND OH 44109 VICTOR RUIZ EXECUTIVE DIRECTOR 2166517178 2024-08-12 1 1 CHRISTOPHER B ANDERSON P00226559 2163630100 2022 2024-08-08 14:25:15Z VICTOR RUIZ 3104 WEST 25TH STREET - 4TH FLOOR CLEVELAND OH 44109 3812580 0 X WWW.ESPERANZAINC.ORG X 1983 OH ESPERANZA, INC.'S MISSION IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF HISPANICS IN GREATER CLEVELAND, OHIO BY SUPPORTING STUDENTS TO GRADUATE HIGH SCHOOL & PROMOTING POST-SECONDARY EDUCATIONAL ATTAINMENT. 16 16 85 109 0 0 2694660 3396702 0 0 -1223 46 178202 266142 2871639 3662890 94000 94000 0 0 1701754 2206319 0 0 104514 807715 1026584 2603469 3326903 268170 335987 2014963 2502569 464351 445892 1550612 2056677 X ESPERANZA, INC.'S MISSION IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF HISPANICS IN GREATER CLEVELAND, OHIO BY SUPPORTING STUDENTS TO GRADUATE HIGH SCHOOL & PROMOTING POST-SECONDARY EDUCATIONAL ATTAINMENT. 0 0 1629656 YOUTH LEADERSHIP PROGRAM PROVIDES AFTER-SCHOOL PROGRAMS WITH THE FOCUS OF STUDENT EXPRESSION, REFLECTIVE LEADERSHIP, COMMUNITY SERVICE, LIFE AND EMPLOYMENT SKILLS, ACADEMICS, CAREER AWARENESS, FIELD TRIPS, AND POST-SECONDARY EDUCATION. 271643 THE ADULT LEARNER PROGRAM ENCOURAGES THE MOTIVATION AND ACTIVE PARTICIPATION OF PARENTS AND/OR CAREGIVER IN THE EDUCATIONAL PROCESS OF THEIR CHILDREN. IN ADDITION, THE ADULT LEARNER PROGRAM SUPPORTS PARENTS AND/OR CAREGIVERS IN ACHIEVING THEIR OWN GOALS. 348101 OUR MENTORING PROGRAM MATCHES 100+ COLLEGE STUDENTS WITH QUALIFIES PROFESSIONALS IN THE GREATER CLEVELAND AREA. WE USE A USER-FRIENDLY ONLINE PROGRAM (MENTORCLIQ) TO AID IN THE COMMUNICATIONS BETWEEN MENTOR-MENTEE, AS WELL AS ESPERANZA STAFF. 538640 94000 0 SCHOLARSHIP AND OTHER PROGRAMS. 538640 94000 0 2788040 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 85 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OH X X VICTOR RUIZ 2166517178 3104 WEST 25TH STREET- 4TH FLOOR CLEVELAND OH 44109 CAMILA NEGRET SECRETARY 3.00 X X 0 0 0 CARMEN CASTRO-RIVERA PRESIDENT 3.00 X X 0 0 0 EDGAR SAN JOSE TRUSTEE 2.00 X 0 0 0 ANDRES ARSUAGA TRUSTEE 2.00 X 0 0 0 MANUEL CARBALLO TRUSTEE 2.00 X 0 0 0 JAIME CARABALLO TREASURER 3.00 X X 0 0 0 JOSE CEDENO TRUSTEE 2.00 X 0 0 0 LESLIE SUFFREDINI TRUSTEE 2.00 X 0 0 0 STEPHANIE MILK WADE TRUSTEE 2.00 X 0 0 0 BILL MCCARRON TRUSTEE 2.00 X 0 0 0 NICK MAYS TRUSTEE 2.00 X 0 0 0 PAMELA HOBE VICE PRESIDENT 3.00 X X 0 0 0 ALEJANDRA ISABEL MORALES TRUSTEE 2.00 X 0 0 0 CAMILO SERNA TRUSTEE 2.00 X 0 0 0 ADELAIDA VASQUEZ-MIHU TRUSTEE 2.00 X 0 0 0 LAURA ALMAZAN TRUSTEE 2.00 X 0 0 0 VICTOR RUIZ EXCECUTIVE DIRECTOR 40.00 X 163516 0 5300 163516 0 5300 1 0 1 0 0 1704654 1692048 3396702 46 46 397791 149690 248101 248101 MISCELLANEOUS 900099 18041 18041 18041 3662890 0 0 266188 X 94000 94000 168816 140793 20242 7781 1726364 1491021 152937 82406 20896 18643 1618 635 133682 119273 10349 4060 156561 131124 15805 9632 17525 17525 435231 336387 98844 6262 4191 2071 70606 48609 21997 140660 109010 31650 12934 7483 5451 4659 4659 9799 9799 STUDENT TRAVEL, FOOD, & 99393 99393 0 PROGRAM SUPPLIES 88639 88207 432 MISCELLANEOUS 39991 19317 20674 EQUIPMENT RENTAL & MAIN 33393 32089 1304 67492 48500 18992 3326903 2788040 434349 104514 618727 835382 527123 597201 577525 914909 21610 12196 18191 6077 0 12114 269978 130767 2014963 2502569 198777 305285 1000 15850 264574 124757 464351 445892 X 483147 532725 1067465 1523952 1550612 2056677 2014963 2502569 X 335987 70078 100000 0 X 0 1 X 1 0 X 1514523 1781317 1823650 2694660 3396702 11210852 1514523 1781317 1823650 2694660 3396702 11210852 1054772 10156080 248 91 27 32 46 444 193476 151862 164241 128089 248101 885769 35260 38080 35785 50113 18041 177279 12274344 0.82740 0.79000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 35,260. 2019 AMOUNT: $ 38,080. 2020 AMOUNT: $ 35,785. 2021 AMOUNT: $ 50,113. 2022 AMOUNT: $ 18,041. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 527123 0 70078 597201 621116 16016 -110009 527123 359676 184387 77053 621116 337102 360 22214 359676 314038 20000 3064 337102 0.51979 0.36388 0.11633 1 0 18191 6077 12114 12114 RIGHT OF USE ASSET 125767 DEPOSITS 5000 130767 OPERATING LEASE LIABILITY 124757 124757 X 3882658 70078 149690 219768 3662890 0 3662890 3476593 149690 149690 3326903 0 3326903 PART V, LINE 4: THE ENDOWMENT FUND IS INTENDED TO SUPPORT THE FOLLOWING KEY INITIATIVES IN THE ORGANIZATION'S GOALS TO PROMOTE HISPANIC EDUCATION & OPPORTUNITY: - SUSTAINABILITY: SECURE LONG-TERM FUNDING TO MAINTAIN CURRENT PROGRAMS - EXPANSION: DEVELOP NEW PROGRAMS PROVIDING THE ABILITY TO GUIDE CHILDREN FROM EARLY DEVELOPMENT TO COLLEGE. - ENDOWMENT: GROW THE WILLIAM SENQUIZ SCHOLARSHIP FUND TO ENSURE THE ORGANIZATION'S ABILITY TO GRANT SCHOLARSHIPS. ESPERANZA HOPES TO BUILD THE FUND TO $1.25 MILLION DOLLARS. PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES WHICH WERE SHOWN AS AN EXPENSE ON THE FINANCIAL STATEMENTS BUT A REDUCTION OF REVENUE ON FORM 990 149,690. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES WHICH WERE SHOWN AS AN EXPENSE ON THE FINANCIAL STATEMENTS BUT A REDUCTION OF REVENUE ON FORM 990 149,690. FIESTA OF HOPE 387291 387291 115110 BACK TO SCHOOL 10500 10500 34580 397791 397791 149690 149690 248101 1 SCHOLARSHIPS 102 94000 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - ESPERANZA PROVIDES FUNDS FOR SCHOLARSHIPS DIRECTLY TO THE STUDENT RECIPIENTS, WHICH ARE USED TO OFFSET THE COSTS OF ATTENDING A POST-SECONDARY INSTITUTION (TUITION, FEES, BOOKS, TECHNOLOGY, ETC.). X 1 0 X 0 0 0 0 0 0 0 0 0 VICTOR RUIZ EXCECUTIVE DIRECTOR 163516 0 0 0 0 0 4893 0 407 0 168816 0 0 0 PART I, LINE 1A BENEFITS PROVIDED TO CERTAIN INDIVIDUALS: THE ORGANIZATION PAYS DUES FOR A SOCIAL CLUB FOR ITS EXECUTIVE DIRECTOR. THE CLUB IS USED FOR BUSINESS PURPOSES ONLY. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 - A COPY OF THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - EACH MEMBER OF THE BOARD IS PROVIDED WITH A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND MUST SIGN A FORM INDICATING THAT HE OR SHE HAS READ THE POLICY AND IS IN COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW AND APPROVAL - THE COMPENSATION APPROVAL PROCESS FOR THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY LOOKING AT OTHER ORGANIZATIONS & INDUSTRY STANDARDS. THE BOARD ALSO CONSIDERS THE LIMITED RESOURCES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE DOCUMENTS - THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE AND UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART IX, LINE 11G CONTRACT SERVICES AND OTHER: PROGRAM SERVICE EXPENSES 336,387. MANAGEMENT AND GENERAL EXPENSES 98,844. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 435,231. FORM 990, PART XI, LINE 8 - PRIOR PERIOD ADJUSTMENT: NET ASSETS WITH DONOR RESTRICTIONS AND GRANTS RECEIVABLE AT SEPTEMBER 30, 2022 WERE RESTATED BY $100,000. THE ADJUSTMENT REFLECTS AN INCREASE IN GRANTS SUPPORT AND REVENUE FOR THE YEAR ENDED SEPTEMBER 30, 2022.