Civic Intelligence

The Esperanza Education Fund Inc.

990 • Fiscal year 2017 • EIN 26-4035461

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileWWW.ESPERANZAFUND.ORG
PO Box 27507Washington, DC 20038

(202) 656-4673

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.90x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

3.08x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$15,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

54th percentile

4.5%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

27th percentile

-16%

Faster revenue growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$370,800

Up $16,052 (+4.5%) from 2016

Net Assets

Down

$36,683

Down $62,639 (-63%) from 2016

Liabilities

Up

$334,117

Up $78,691 (+31%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin72nd percentile

Revenue

Down

$108,338

Down $19,881 (-16%) from 2016

Expenses

Down

$90,977

Down $12,196 (-12%) from 2016

Net Income

Down

$17,361

Down $7,685 (-31%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2013: $244,916Liabilities 2013: $171,956Net Assets 2013: $72,9602013Assets 2014: $321,508Liabilities 2014: $195,026Net Assets 2014: $126,4822014Assets 2015: $332,633Liabilities 2015: $258,357Net Assets 2015: $74,2762015Assets 2016: $354,748Liabilities 2016: $255,426Net Assets 2016: $99,3222016Assets 2017: $370,800Liabilities 2017: $334,117Net Assets 2017: $36,6832017Assets 2018: $435,544Liabilities 2018: $332,786Net Assets 2018: $102,7582018Assets 2019: $377,008Liabilities 2019: $310,690Net Assets 2019: $66,3182019Assets 2020: $307,409Liabilities 2020: $54,300Net Assets 2020: $253,1092020Assets 2021: $285,274Liabilities 2021: $66,450Net Assets 2021: $218,8242021Assets 2022: $265,441Liabilities 2022: $67,866Net Assets 2022: $197,5752022Assets 2023: $163,271Liabilities 2023: $2,600Net Assets 2023: $160,6712023Assets 2024: $129,393Liabilities 2024: $130,882Net Assets 2024: -$1,4892024

Highlighted filing

2017

Assets$370,800
Liabilities$334,117
Net Assets$36,683
Open 2017 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2013: $63,127Expenses 2013: $99,343Net Income 2013: -$36,2162013Revenue 2014: $151,554Expenses 2014: $98,032Net Income 2014: $53,5222014Revenue 2015: $115,609Expenses 2015: $106,771Net Income 2015: $8,8382015Revenue 2016: $128,219Expenses 2016: $103,173Net Income 2016: $25,0462016Revenue 2017: $108,338Expenses 2017: $90,977Net Income 2017: $17,3612017Revenue 2018: $164,300Expenses 2018: $86,723Net Income 2018: $77,5772018Revenue 2019: $108,647Expenses 2019: $145,087Net Income 2019: -$36,4402019Revenue 2020: $88,711Expenses 2020: $145,477Net Income 2020: -$56,7662020Revenue 2021: $123,468Expenses 2021: $157,753Net Income 2021: -$34,2852021Revenue 2022: $116,769Expenses 2022: $138,018Net Income 2022: -$21,2492022Revenue 2023: $29,832Expenses 2023: $133,704Net Income 2023: -$103,8722023Revenue 2024: $114,250Expenses 2024: $113,283Net Income 2024: $9672024

Highlighted filing

2017

Revenue$108,338
Expenses$90,977
Net Income$17,361
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$113,860
Mission and Program Overview

Mission

To provide college scholarships and promote higher education for the immigrant community in the district of columbia, maryland, and virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$251,981$265,689▲ $13,708
Savings and Temporary Cash Investments$99,805$99,805→ $0
Accounts Receivable$2,887$5,306▲ $2,419
Total Assets$354,748$370,800▲ $16,052
Other Assets Total$75$0▼ $75
Liabilities
Grants Payable$255,426$334,117▲ $78,691
Total Liabilities$255,426$334,117▲ $78,691
Net Assets / Fund Balance
Unrestricted Net Assets$99,322$36,683▼ $62,639
Total Net Assets Fund Balance$99,322$36,683▼ $62,639
Total Liabilities and Net Assets / Fund Balance$354,748$370,800▲ $16,052
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lissette M FloresDirector of OperationsPT$15,000$15,000

Board Members and Trustees

NameTitle
Francella ChinchillaChair
Jason ResendezDirector
Natalie GouldDirector
Alvaro BedoyaCo-founder
Alexander LinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$108,290
Program Service Revenue
$0
Investment Income
$48
Other Revenue
$0
All Other Contributions
$104,007
Change in Net Assets
$17,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,813
Salaries, Compensation, and Employee Benefits$22,261
Other Expenses$7,903
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$60,813--$60,813
Current Officers, Directors, Trustees, and Key Employees-$19,969-$19,969
Office Expenses$1,257$1,257-$2,514
Payroll Taxes-$2,292-$2,292
Conferences and Meetings$2,026--$2,026
Travel-$1,776-$1,776
Insurance-$1,054-$1,054
Other Expenses-$533-$533
Total Functional Expenses$64,096$26,881$0$90,977
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,522
Fundraising Gross Income$5,522
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
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

“Teh draft version of the form 990 is provided to the full board prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Board members must declare any conflicts of interest as soon as they arise and on an annual basis. Furthermore, all volunteers who help grade scholarship applications must also sign the conflict of interst form.”

Form 990, Part VI, Section C, Line 19

“The esperanza education fund makes its governing documents and conflict of interest policy available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Esperanza Education Fund Inc
EIN
26-4035461
Phone
2026564673
Address
PO BOX 27507, WASHINGTON, DC 20038

Signing Officer

Name
Francella Chinchilla
Title
Chair
Phone
2026564673
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francella Chinchilla
Formed
2009
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
181

Preparer

Firm
Jones Maresca & Mcquade Pa
Address
10500 LITTLE PATUXENT PARKWAY SUITE, 770, COLUMBIA, MD 21044
Preparer
David Jones
Phone
4108840220
Raw XML Appendix341 raw XML fields

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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IRS990/Desc0IN 2017, THE ESPERANZA EDUCATION FUND ("ESPERANZA") AWARDED COLLEGE SCHOLARSHIPS WORTH $60,813 TO VARIOUS HIGH SCHOOL STUDENTS FROM D.C., MARYLAND AND VIRGINIA. THE STUDENTS CAME FROM, OR THEIR PARENTS CAME FROM, SEVERAL DIFFERENT COUNTRIES. ESPERANZA SELECTED THESE STUDENTS FROM OVER 500 APPLICANTS. ESPERANZA MATCHES EACH OF ITS SCHOLARS WITH A MENTOR (IF THE SCHOLAR DESIRES) AND PROVIDES SUPPORT TO THE STUDENTS THROUGHOUT THEIR COLLEGE CAREERS. THESE EXPENSES INCLUDE TRAVEL REIMBURSEMENT FOR THE MENTORS TO VISIT THEIR SCHOLARS ON CAMPUS AND VARIOUS EVENTS THAT ESPERANZA HOSTS, INCLUDING A CAREER DEVELOPMENT CONFERENCE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISC REVENUE - 2016 AMOUNT: $ 6.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt029
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ESPERANZA EDUCATION FUND ("ESPERANZA") GRANTS SCHOLARSHIP AWARDS TO STUDENTS IN THE YEAR THEY APPLY FOR AND RECEIVE THE SCHOLARSHIP BUT DISBURSES THE FUNDS DIRECTLY TO THE STUDENT'S EDUCATIONAL INSTITUTION IN PRO-RATED AMOUNTS AT THE BEGINNING OF EACH ACADEMIC SEMESTER THROUGHOUT THE COURSE OF THE STUDENT'S EDUCATION. SCHOLARSHIPS MAY BE REVOKED DUE TO A SCHOLAR'S FAILURE TO COMPLY WITH THE TERMS OF THE SCHOLARSHIP. TO MAINTAIN THEIR SCHOLARSHIPS, SCHOLARS MUST ENROLL FULL-TIME AT AN ACCREDITED PUBLIC COLLEGE OR UNIVERSITY, REMAIN IN GOOD STANDING AND MAINTAIN A 2.5 GRADE POINT AVERAGE, SUBMIT YEARLY TRANSCRIPTS AND PROGRESS REPORTS TO ESPERANZA, AND ATTEND MANDATORY EVENTS HOSTED BY ESPERANZA, INCLUDING SCHOLAR ORIENTATION AND CAREER DAY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TEH DRAFT VERSION OF THE FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS MUST DECLARE ANY CONFLICTS OF INTEREST AS SOON AS THEY ARISE AND ON AN ANNUAL BASIS. FURTHERMORE, ALL VOLUNTEERS WHO HELP GRADE SCHOLARSHIP APPLICATIONS MUST ALSO SIGN THE CONFLICT OF INTERST FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ESPERANZA EDUCATION FUND MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt01
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026881
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt064096
IRS990/TotalFunctionalExpensesGrp/TotalAmt090977
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0255426
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IRS990/TotalReportableCompFromOrgAmt015000
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0108338
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IRS990/UnrelatedBusIncmOverLimitInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANCELLA CHINCHILLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE ESPERANZA EDUCATION FUND INC
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ReturnHeader/Filer/PhoneNum02026564673
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm015:43:20
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521853933
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES MARESCA & MCQUADE PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010500 LITTLE PATUXENT PARKWAY SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0770
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021044
ReturnHeader/PreparerPersonGrp/PhoneNum04108840220
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID JONES
ReturnHeader/ReturnTs02018-11-14T16:51:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$370,800
Liabilities
$334,117
Net assets
$36,683
Revenue
$108,338
Expenses
$90,977
Net income
$17,361
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.29$1.31$0.01$1.14$1.13$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.03$1.61$0.30$1.34$1.04
2022Detailed filing. Detailed filing data is available for this year.$2.65$0.68$1.98$1.17$1.38$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.85$0.66$2.19$1.23$1.58$0.34
2020Detailed filing. Detailed filing data is available for this year.$3.07$0.54$2.53$0.89$1.45$0.57
2019Detailed filing. Detailed filing data is available for this year.$3.77$3.11$0.66$1.09$1.45$0.36
2018Detailed filing. Detailed filing data is available for this year.$4.36$3.33$1.03$1.64$0.87$0.78
2017Detailed filing. Detailed filing data is available for this year.$3.71$3.34$0.37$1.08$0.91$0.17
2016Detailed filing. Detailed filing data is available for this year.$3.55$2.55$0.99$1.28$1.03$0.25
2015Detailed filing. Detailed filing data is available for this year.$3.33$2.58$0.74$1.16$1.07$0.09
2014Detailed filing. Detailed filing data is available for this year.$3.22$1.95$1.26$1.52$0.98$0.54
2013Detailed filing. Detailed filing data is available for this year.$2.45$1.72$0.73$0.63$0.99$0.36