2025-08-08T13:37:28-05:00 2024-09-30 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2023-10-01 341403492 ESPERANZA INC ESPE 2166517178 3104 WEST 25TH STREET - 4TH FLOOR CLEVELAND OH 44109 MARGARET SANCHEZ PRESIDENT & CEO 2166517178 2025-08-06 1 1 CHRISTOPHER B ANDERSON P00226559 2163630100 2023 2025-03-06 01:10:19Z MARGARET SANCHEZ 3104 WEST 25TH STREET - 4TH FLOOR CLEVELAND OH 44109 3778641 0 X WWW.ESPERANZAINC.ORG X 1983 OH EMPOWERING NORTHEAST OHIO COMMUNITIES IN NEED TO FLOURISH BY EQUIPPING LEARNERS FOR EDUCATIONAL ATTAINMENT AND LIFELONG SUCCESS 16 16 92 109 0 0 3396702 3467930 0 0 46 23539 266142 148810 3662890 3640279 94000 117000 0 0 2206319 2290011 0 0 185143 1026584 1031423 3326903 3438434 335987 201845 2502569 2751824 445892 369194 2056677 2382630 X EMPOWERING NORTHEAST OHIO COMMUNITIES IN NEED TO FLOURISH BY EQUIPPING LEARNERS FOR EDUCATIONAL ATTAINMENT AND LIFELONG SUCCESS 0 0 1136091 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. 409484 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. 518076 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. 772440 117000 0 SCHOLARSHIP AND OTHER PROGRAMS. 772440 117000 0 2836091 1 1 0 0 0 0 0 0 0 1 1 0 0 0 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 46 0 1 92 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 MARGARET SANCHEZ 2166517178 3104 WEST 25TH STREET- 4TH FLOOR CLEVELAND OH 44109 PAMELA HOBE PRESIDENT 3.00 X X 0 0 0 CAMILA NEGRET 1ST VICE PRESIDENT 3.00 X X 0 0 0 LAURA ALMAZAN 2ND VICE PRESIDENT 3.00 X X 0 0 0 ANDRES ARSUAGA TREASURER 3.00 X X 0 0 0 JAIME CARABALLO SECRETARY 3.00 X X 0 0 0 CARMEN CASTRO RIVERA TRUSTEE 2.00 X 0 0 0 MANUEL CARBALLO TRUSTEE 2.00 X 0 0 0 JOSE CEDENO TRUSTEE 2.00 X 0 0 0 BILL MCCARRON TRUSTEE 2.00 X 0 0 0 STEPHANIE MILK WADE TRUSTEE 2.00 X 0 0 0 NICK MAYS TRUSTEE 2.00 X 0 0 0 EDGAR SAN JOSE TRUSTEE 2.00 X 0 0 0 LESLIE SUFFREDINI TRUSTEE 2.00 X 0 0 0 ADELAIDA VASQUEZ-MIHU TRUSTEE 2.00 X 0 0 0 ALEJANDRA ISABEL MORALES TRUSTEE 2.00 X 0 0 0 CAMILO SERNA TRUSTEE 2.00 X 0 0 0 VICTOR RUIZ EXECUTIVE DIRECTOR 40.00 X 171671 0 13341 171671 0 13341 1 0 1 0 0 1838900 1629030 3467930 23539 23539 285185 138362 146823 146823 MISCELLANEOUS 900099 1987 1987 1987 3640279 0 0 172349 X 117000 117000 171671 144211 18541 8919 1755937 1475059 189649 91229 22271 20404 1549 318 178550 163586 12418 2546 161582 135334 17546 8702 18685 14606 4079 417867 267661 76777 73429 10917 3599 7318 67358 58638 8720 142221 116767 25454 20615 16327 4288 18904 14614 4290 4659 4659 10393 10393 SPECIAL ASSISTANCE 115667 115494 173 PROGRAM SUPPLIES 107134 107134 EQUIPMENT RENTAL & MAIN 33393 31453 1940 MISCELLANEOUS 31662 14981 16681 31948 19223 12725 3438434 2836091 417200 185143 835382 1220047 597201 723427 914909 705460 12196 6329 18191 10736 12114 7455 130767 89106 2502569 2751824 305285 152354 15850 2700 124757 214140 445892 369194 X 532725 1284386 1523952 1098244 2056677 2382630 2502569 2751824 201845 124108 0 X 0 1 X 1 0 X 1781317 1823650 2694660 3396702 3467930 13164259 1781317 1823650 2694660 3396702 3467930 13164259 1103402 12060857 91 27 32 46 23539 23735 151862 164241 128089 248101 146823 839116 38080 35785 50113 18041 1987 144006 14171116 0.85110 0.82740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 38,080. 2020 AMOUNT: $ 35,785. 2021 AMOUNT: $ 50,113. 2022 AMOUNT: $ 18,041. 2023 AMOUNT: $ 1,987. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 597201 2118 124108 723427 527123 0 70078 597201 621116 16016 -110009 527123 359676 184387 77053 621116 337102 360 22214 359676 0.53126 0.30039 0.16835 1 0 18191 10736 7455 7455 OPERATING LEASE LIABILITY 82490 SCHOLARSHIPS AND STIPENDS PAYABLE 131650 214140 X 3902749 124108 138362 262470 3640279 0 3640279 3576796 138362 138362 3438434 0 3438434 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 990 138,362. 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 990 138,362. FIESTA OF HOPE 266685 266685 107927 BACK TO SCHOOL 18500 18500 30435 285185 285185 138362 138362 146823 1 SCHOLARSHIPS 100 117000 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 EXECUTIVE DIRECTOR 171671 0 0 0 0 0 12934 0 407 0 185012 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 267,661. MANAGEMENT AND GENERAL EXPENSES 76,777. FUNDRAISING EXPENSES 73,429. TOTAL EXPENSES 417,867.