Civic Intelligence

Spanish American Merchants

EIN 06-1390672 • 501(c)3 • Hartford, CT

Profile

Sama is a non-profit organization incorporated in the state of connecticut to serve as a vehicle for the economic growth of businesses. Sama was created to assist business people, in particular, latinos to acquire a better understanding of the economic principals. Technical assistance is provided to promote business expansion, job creation and new entrepreneurship.

95 Park StreetHartford, CT 06106
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.34x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.14x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

36th percentile

-0.9%

Higher net margin than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

-3.4%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-2.3%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$564,892

Down $19,733 (-3.4%) from 2023

Liabilities

Down

$193,042

Down $7,187 (-3.6%) from 2023

Net Assets

Down

$371,850

Down $12,546 (-3.3%) from 2023

Revenue

Down

$1,409,028

Down $33,703 (-2.3%) from 2023

Expenses

Up

$1,421,574

Up $248,501 (+21%) from 2023

Net Income

Down

-$12,546

Down $282,204 (-105%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2010: $349,760Liabilities 2010: $336,409Net Assets 2010: $13,3512010Assets 2011: $671,957Liabilities 2011: $456,383Net Assets 2011: $215,5742011Assets 2012: $897,983Liabilities 2012: $400,572Net Assets 2012: $497,4112012Assets 2013: $697,127Liabilities 2013: $388,405Net Assets 2013: $308,7222013Assets 2014: $521,967Liabilities 2014: $498,112Net Assets 2014: $23,8552014Assets 2015: $493,155Liabilities 2015: $481,964Net Assets 2015: $11,1912015Assets 2016: $1,427,145Liabilities 2016: $1,490,284Net Assets 2016: -$63,1392016Assets 2017: $467,507Liabilities 2017: $460,361Net Assets 2017: $7,1462017Assets 2018: $353,083Liabilities 2018: $375,710Net Assets 2018: -$22,6272018Assets 2019: $426,212Liabilities 2019: $497,041Net Assets 2019: -$70,8292019Assets 2020: $437,864Liabilities 2020: $398,536Net Assets 2020: $39,3282020Assets 2021: $451,306Liabilities 2021: $328,314Net Assets 2021: $122,9922021Assets 2022: $423,643Liabilities 2022: $308,905Net Assets 2022: $114,7382022Assets 2023: $584,625Liabilities 2023: $200,229Net Assets 2023: $384,3962023Assets 2024: $564,892Liabilities 2024: $193,042Net Assets 2024: $371,8502024

Highlighted filing

2024

Assets$564,892
Liabilities$193,042
Net Assets$371,850

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,121,167Expenses 2010: $1,177,309Net Income 2010: -$56,1422010Revenue 2011: $1,436,238Expenses 2011: $1,234,015Net Income 2011: $202,2232011Revenue 2012: $1,767,203Expenses 2012: $1,485,366Net Income 2012: $281,8372012Revenue 2013: $1,507,705Expenses 2013: $1,696,394Net Income 2013: -$188,6892013Revenue 2014: $1,324,634Expenses 2014: $1,609,501Net Income 2014: -$284,8672014Revenue 2015: $2,119,311Expenses 2015: $2,214,872Net Income 2015: -$95,5612015Revenue 2016: $2,020,640Expenses 2016: $2,094,970Net Income 2016: -$74,3302016Revenue 2017: $2,686,234Expenses 2017: $2,615,949Net Income 2017: $70,2852017Revenue 2018: $880,317Expenses 2018: $878,090Net Income 2018: $2,2272018Revenue 2019: $1,019,209Expenses 2019: $1,087,348Net Income 2019: -$68,1392019Revenue 2020: $1,197,757Expenses 2020: $1,083,160Net Income 2020: $114,5972020Revenue 2021: $1,233,935Expenses 2021: $1,145,831Net Income 2021: $88,1042021Revenue 2022: $1,185,908Expenses 2022: $1,194,162Net Income 2022: -$8,2542022Revenue 2023: $1,442,731Expenses 2023: $1,173,073Net Income 2023: $269,6582023Revenue 2024: $1,409,028Expenses 2024: $1,421,574Net Income 2024: -$12,5462024

Highlighted filing

2024

Revenue$1,409,028
Expenses$1,421,574
Net Income-$12,546

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.56$0.19$0.37$1.41$1.42$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.20$0.38$1.44$1.17$0.27
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.31$0.11$1.19$1.19$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.45$0.33$0.12$1.23$1.15$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.40$0.04$1.20$1.08$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.43$0.50$0.07$1.02$1.09$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.38$0.02$0.88$0.88$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.46$0.01$2.69$2.62$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.43$1.49$0.06$2.02$2.09$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.48$0.01$2.12$2.21$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.50$0.02$1.32$1.61$0.28
2013Summary only. Only limited summary data is available for this year.$0.70$0.39$0.31$1.51$1.70$0.19
2012Summary only. Only limited summary data is available for this year.$0.90$0.40$0.50$1.77$1.49$0.28
2011Summary only. Only limited summary data is available for this year.$0.67$0.46$0.22$1.44$1.23$0.20
2010Summary only. Only limited summary data is available for this year.$0.35$0.34$0.01$1.12$1.18$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$1,517,725
Mission and Program Overview

Mission

Sama is a non-profit organization incorporated in the state of connecticut to serve as a vehicle for the economic growth of businesses. Sama was created to assist business people, in particular, latinos to acquire a better understanding of the economic principals. Technical assistance is provided to promote business expansion, job creation and new entrepreneurship.

Sama is a non-profit organization incorporated in the state of connecticut to serve as a vehicle for the economic growth of businesses. Sama was created to assist business people, in particular, latinos, to acquire a better understanding of business principals. Technical assistance is provided to promote business expansion, job creation and new entepreneurship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$292,310$285,165▼ $7,145
Cash and Non-Interest-Bearing Accounts$289,015$174,227▼ $114,788
Accounts Receivable-$102,200-
Total Assets$584,625$564,892▼ $19,733
Other Assets Total$3,300$3,300→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$194,155$185,956▼ $8,199
Accounts Payable and Accrued Expenses$6,074$7,086▲ $1,012
Total Liabilities$200,229$193,042▼ $7,187
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$384,396$371,850▼ $12,546
Total Net Assets Fund Balance$384,396$371,850▼ $12,546
Total Liabilities and Net Assets / Fund Balance$584,625$564,892▼ $19,733

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$285,165$336,327$621,492
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julio MendozaExecutive DiFT$188,865$188,865
Julio MendozaExecutive Director-$188,865$188,865

Board Members and Trustees

NameTitle
Angel SierraPresident
Alejandro PolancoDirector
Carlos ValinhoDirector
Cesar JaraDirector
Luis MenendezDirector
Milton LantiguaDirector
Norma Rodriguez- ReyesDirector
Stanley GuttDirector
Sydney SchulmanDirector/leg
Ramon FloresTrustee/dire
Bobby ClarkSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,440,925
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-31,897
All Other Contributions
$803,869
Change in Net Assets
$-12,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,019,843
Other Expenses$401,731
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$599,164--$599,164
Current Officers, Directors, Trustees, and Key Employees$188,865--$188,865
Other Employee Benefits$170,537--$170,537
Advertising$69,638--$69,638
Payroll Taxes$61,277--$61,277
Interest$47,182--$47,182
Occupancy$44,528--$44,528
Insurance$29,988--$29,988
Other Expenses$12,171$135,825-$12,171
Fees for Services Accounting-$7,500-$7,500
Depreciation Depletion$5,359$1,786-$7,145
All Other Expenses$5,876$100-$5,976
Fees for Services Legal-$3,738-$3,738
Travel$1,892--$1,892
Office Expenses$50--$50
Total Functional Expenses$1,272,625$148,949$0$1,421,574
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Classes of members of stockholders. The organization has members

Form 990, Page 6, Part VI, Line 11B

Organization's process to review form 990 management and the board of directors review the form 990 for completeness before the return is filed.

Form 990, Page 6, Part VI, Line 12C

All of the directors and officers of the organizations must disclose any potential conflict between his or her own individual interest, any family members, or any related party and the interest of the organization. Full disclosure of all facts pertaining to such potential conflicts shall be made of the board of directors. A review by the board of directors will determine whether or not an actual conflict exists or could potentially occur.

Form 990, Page 6, Part VI, Line 15A

Performance of the executive direvtor and/or any compensation are provided by the president of the oranization and the executive committee.

Form 990, Page 6, Part VI, Line 15B

N/A

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the general public by request in the form of hard copies kept in the office. These forms can be reviewed during normal business hours.

Filing and Contact Details

Filer

Filer Name
Spanish American Merchants
EIN
06-1390672
Address
95 PARK STREET, HARTFORD, CT 06106

Signing Officer

Name
Angel Sierra
Title
President
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angel Sierra
Voting Board Members
11
Independent Board Members
11
Employees
8

Preparer

Firm
Bennett & Company Pc
Address
34 JEROME AVE STE 312, BLOOMFIELD, CT 06002-2463
Preparer
Roger S Bennett
Phone
8602433333
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Sama is a non-profit organization incorporated in the state of connecticut to serve as a vehicle for the economic growth of businesses. Sama was created to assist business people, in particular, latinos to acquire a better understanding of the economic principals. Technical assistance is provided to promote business expansion, job creation and new entrepreneurship.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SAMA IS A NON-PROFIT ORGANIZATION INCORPORATED IN THE STATE OF CONNECTICUT TO SERVE AS A VEHICLE FOR THE ECONOMIC GROWTH OF BUSINESSES. SAMA WAS CREATED TO ASSIST BUSINESS PEOPLE, IN PARTICULAR, LATINOS TO ACQUIRE A BETTER UNDERSTANDING OF THE ECONOMIC PRINCIPALS. TECHNICAL ASSISTANCE IS PROVIDED TO PROMOTE BUSINESS EXPANSION, JOB CREATION AND NEW ENTREPRENEURSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASSES OF MEMBERS OF STOCKHOLDERS. THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION'S PROCESS TO REVIEW FORM 990 MANAGEMENT AND THE BOARD OF DIRECTORS REVIEW THE FORM 990 FOR COMPLETENESS BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL OF THE DIRECTORS AND OFFICERS OF THE ORGANIZATIONS MUST DISCLOSE ANY POTENTIAL CONFLICT BETWEEN HIS OR HER OWN INDIVIDUAL INTEREST, ANY FAMILY MEMBERS, OR ANY RELATED PARTY AND THE INTEREST OF THE ORGANIZATION. FULL DISCLOSURE OF ALL FACTS PERTAINING TO SUCH POTENTIAL CONFLICTS SHALL BE MADE OF THE BOARD OF DIRECTORS. A REVIEW BY THE BOARD OF DIRECTORS WILL DETERMINE WHETHER OR NOT AN ACTUAL CONFLICT EXISTS OR COULD POTENTIALLY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERFORMANCE OF THE EXECUTIVE DIREVTOR AND/OR ANY COMPENSATION ARE PROVIDED BY THE PRESIDENT OF THE ORANIZATION AND THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC BY REQUEST IN THE FORM OF HARD COPIES KEPT IN THE OFFICE. THESE FORMS CAN BE REVIEWED DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANGEL SIERRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPANISH AMERICAN MERCHANTS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SPAN
ReturnHeader/Filer/EIN0061390672
ReturnHeader/Filer/USAddress/AddressLine1Txt095 PARK STREET
ReturnHeader/Filer/USAddress/CityNm0HARTFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810617206
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BENNETT & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt034 JEROME AVE STE 312
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0060022463
ReturnHeader/PreparerPersonGrp/PhoneNum08602433333
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROGER S BENNETT
ReturnHeader/ReturnTs02025-11-17T19:44:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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