Civic Intelligence

La Plaza Inc

EIN 30-0029575 • 501(c)3 • Indianapolis, IN

Profile

La Plaza strengthens Central Indiana by advocating and preparing Latino students for educational success and by connecting Latino families to health and social services.

Refreshing map…

8902 East 38th StreetIndianapolis, IN 46226

www.laplaza-indy.org

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.07x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$134,446

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

63rd percentile

9.3%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

12th percentile

-21%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$10,678,757

Up $1,736,781 (+19%) from 2022

Liabilities

Down

$110,990

Down $67,833 (-38%) from 2022

Net Assets

Up

$10,567,767

Up $1,804,614 (+21%) from 2022

Revenue

Down

$1,595,754

Down $943,254 (-37%) from 2022

Expenses

Up

$2,160,835

Up $327,574 (+18%) from 2022

Net Income

Down

-$565,081

Down $1,270,828 (-180%) from 2022

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2015: $787,095Liabilities 2015: $35,335Net Assets 2015: $751,7602015Assets 2016: $5,589,169Liabilities 2016: $21,079Net Assets 2016: $5,568,0902016Assets 2018: $5,443,832Liabilities 2018: $50,826Net Assets 2018: $5,393,0062018Assets 2020: $7,606,242Liabilities 2020: $61,720Net Assets 2020: $7,544,5222020Assets 2021: $9,386,247Liabilities 2021: $252,524Net Assets 2021: $9,133,7232021Assets 2022: $8,941,976Liabilities 2022: $178,823Net Assets 2022: $8,763,1532022Assets 2024: $10,678,757Liabilities 2024: $110,990Net Assets 2024: $10,567,7672024

Highlighted filing

2024

Assets$10,678,757
Liabilities$110,990
Net Assets$10,567,767

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $670,406Expenses 2015: $757,400Net Income 2015: -$86,9942015Revenue 2016: $5,544,539Expenses 2016: $728,209Net Income 2016: $4,816,3302016Revenue 2018: $745,310Expenses 2018: $952,045Net Income 2018: -$206,7352018Revenue 2020: $2,460,348Expenses 2020: $1,312,155Net Income 2020: $1,148,1932020Revenue 2021: $2,714,930Expenses 2021: $1,402,404Net Income 2021: $1,312,5262021Revenue 2022: $2,539,008Expenses 2022: $1,833,261Net Income 2022: $705,7472022Revenue 2024: $1,595,754Expenses 2024: $2,160,835Net Income 2024: -$565,0812024

Highlighted filing

2024

Revenue$1,595,754
Expenses$2,160,835
Net Income-$565,081

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$2,645,782
Mission and Program Overview

Mission

La plaza strengthens central indiana by advocating and preparing latino students for educational success and by connecting latino families to health and social services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,731,925$4,856,729▼ $875,196
Savings and Temporary Cash Investments$3,037,663$3,757,796▲ $720,133
Pledges and Grants Receivable$482,399$222,846▼ $259,553
Land, Buildings, and Equipment, Net$67,042$58,041▼ $9,001
Prepaid Expenses and Deferred Charges$14,491$24,211▲ $9,720
Accounts Receivable$41,515$20,497▼ $21,018
Cash and Non-Interest-Bearing Accounts$11,212$1,856▼ $9,356
Total Assets$9,386,247$8,941,976▼ $444,271
Liabilities
Accounts Payable and Accrued Expenses$252,524$178,823▼ $73,701
Total Liabilities$252,524$178,823▼ $73,701
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,938,781$7,180,996▲ $242,215
Net Assets Without Donor Restrictions$2,194,942$1,582,157▼ $612,785
Total Net Assets Fund Balance$9,133,723$8,763,153▼ $370,570
Total Liabilities and Net Assets / Fund Balance$9,386,247$8,941,976▼ $444,271

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,442$68,529$113,971
Equipment$12,599$32,953$45,552
Other Securities$4,856,729--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$6,072,255-▼ $984,814$207,826$4,856,729
2021$5,689,909-▲ $937,435$532,851$6,072,255
2020$5,135,982-▲ $730,787$176,860$5,689,909
2019$4,414,633-▲ $842,058$120,709$5,135,982
2018$4,785,807$2,697▼ $274,441$99,430$4,414,633
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Miriam Acevedo DavisPresident and CEOFT$122,155$12,291$134,446

Board Members and Trustees

NameTitle
Cynthia N CardonaChair
Art VasquezPast-chair
Janmarie ConnorVice-chair
Annie MuellerDirector
Camille BluntDirector
Chad KellerDirector
D Valerie LoyaDirector
Lorrie OrtizDirector
Myrna OzaetaDirector
Shawn BushDirector
Sheryl GonzalezDirector
Juan GuzmanSecretary
Jorge Gomez-villaltaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,360,682
Program Service Revenue
$32,700
Investment Income
$99,289
Other Revenue
$46,337
All Other Contributions
$68,252
Change in Net Assets
$705,747

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,516,122
Revenue Not Reported on Financial Statements
$22,886
Revenue Not Reported on Form 990
$-1,076,317
Total Revenue per Audited Statements
$1,439,805
Total Revenue per Form 990
$2,539,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,076,332
Salaries, Compensation, and Employee Benefits$683,012
Grants and Similar Amounts Paid$73,917
Total Fundraising Expense$63,120
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$228,708$261,339$10,925$500,972
Other Salaries and Wages$251,796$136,513$18,817$407,126
Fees for Services Accounting-$150,535-$150,535
Current Officers, Directors, Trustees, and Key Employees$83,151$45,081$6,214$134,446
Information Technology$83,884$24,136$213$108,233
Other Employee Benefits$55,283$29,972$4,131$89,386
Grants to Domestic Individuals$73,917--$73,917
Occupancy$43,453$11,580$4,970$60,003
Payroll Taxes$25,042$13,577$1,871$40,490
Office Expenses$15,668$9,554$3,865$29,087
Fees for Service Investment Mgmnt Fees-$22,886-$22,886
Advertising$6,667$9,022$3,543$19,232
Travel$8,999$7,586$2,369$18,954
Depreciation Depletion$11,383$5,167$569$17,119
Pension Plan Contributions$7,152$3,878$534$11,564
Insurance$5,549$2,726$300$8,575
Fees for Services Legal-$6,418-$6,418
Other Expenses$1,326$652$1,722$3,700
Total Functional Expenses$990,402$779,739$63,120$1,833,261

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,833,261
Expenses per Audited Statements$1,810,375
Total Expenses per Audited Statements$1,810,375
Expenses Not Reported on Financial Statements$22,886
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$106,774
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Night of the Americas$140,963-$18,592-
Fiesta$104,897-$27,533-
Total Events$245,860-$106,774$-106,774
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
Yes
Backup withholding compliance
Yes
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, Part VI, Section A, Line 8B

La plaza does not have committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990: the finance committee and board of directors review the form 990 before the return is filed to ensure it is complete, timely, and accurate.

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

Disclosures of conflict of interests are made a matter of record. All board and committee members disclose any possible conflict of interest at the earliest practicable time. If a member has a conflict of interest, he or she shall not vote on the matter under consideration at the meeting but such member may be counted in determining the quorum at such meeting. Such member should be prepared to excuse himself or herself from the room while the matter is discussed and voted on. The minutes of the meeting shall reflect such disclosure was made and that the member having a possible conflict abstained from voting.

Form 990, Part VI, Section B, Line 15

The organization utilizes the charitable advisors central indiana nonprofit salary report to determine compensation and benefits. The organization utilizes the synergy evaluation form to determine merit increases on an annual basis. The president & ceo is evaluated by the executive committee of the board of directors and the board of directors on an annual basis. The president & ceo annually evaluates the associate director, director of programs, and the access program coordinator. All other staff are evaluated by the director of programs. The organization utilizes the charitable advisors central indiana nonprofit salary report to determine compensation and benefits. The organization utilizes the synergy evaluation form to determine merit increases on an annual basis.

Form 990, Part VI, Section C, Line 19

Documents are available upon request at the organization's business office.

Filing and Contact Details

Filer

Filer Name
La Plaza Inc
EIN
30-0029575
Phone
3178903292
Address
8902 EAST 38TH STREET, INDIANAPOLIS, IN 46226

Signing Officer

Name
Miriam Acevedo Davis
Title
President & CEO
Phone
3178903292
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Miriam Acevedo Davis
Formed
2002
Legal Domicile
In
Voting Board Members
14
Independent Board Members
13
Employees
15
Volunteers
100

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Rex E Miller CPA Cgma
Phone
3177456411
Supplemental Narrative

Additional Explanations

Form 990, Part 1 Line 6

Volunteers provide services to the organization with regard to education programs, the annual fiesta indianapolis cultural event, and participation on the board of directors.

Form 990, Part IX, Line 11G

Contracted services: program service expenses 197,228. Management and general expenses 199,919. Fundraising expenses 10,505. Total expenses 407,652. Consulting fees: program service expenses 31,480. Management and general expenses 61,420. Fundraising expenses 420. Total expenses 93,320.

FORM 990 PART XII, LINE 2C:

Process has not changed from prior year

Financial Statement Notes

PART V, LINE 4:

Endowment funds will be used to hire a director of community engagement and events as well as a consultant to assist with strategic planning and board development.

PART X, LINE 2:

Professional accounting standards require la plaza to recognize a tax liability only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax liability is recorded. La plaza examined this issue and determined there are no material contingent tax liabilities or questionable tax positions. The tax years ended after december 31, 2018 are open to audit for both federal and state purposes.

Raw XML AppendixShowing 400 of 604 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/ActivityOrMissionDesc0LA PLAZA STRENGTHENS CENTRAL INDIANA BY ADVOCATING AND PREPARING LATINO STUDENTS FOR EDUCATIONAL SUCCESS AND BY CONNECTING LATINO FAMILIES TO HEALTH AND SOCIAL SERVICES.
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IRS990/Form990PartVIISectionAGrp/PersonNm0MIRIAM ACEVEDO DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm1CYNTHIA N CARDONA
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IRS990/Form990PartVIISectionAGrp/PersonNm10D VALERIE LOYA
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IRS990/Form990PartVIISectionAGrp/PersonNm12LORRIE ORTIZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION PROGRAMS: LA PLAZA'S TU FUTURO PROGRAM IS AN EDUCATIONAL PROGRAM DEDICATED TO ENCOURAGING AND SUPPORTING LATINO YOUTH TO PURSUE A POST-SECONDARY EDUCATION. THIS IS ACHIEVED THROUGH A SERIES OF BILINGUAL PRESENTATIONS, WORKSHOPS, INDIVIDUAL CONSULTATIONS, AND COLLEGE VISITS. STUDENTS ARE PROVIDED INFORMATION ABOUT THE COLLEGE APPLICATION PROCESS, FINANCIAL AID, AND SCHOLARSHIP PROGRAMS. THE PROGRAM ALSO WORKS WITH PARENTS TO HELP GIVE THEM THE TOOLS TO CONTRIBUTE TO THEIR CHILD'S EDUCATION. THESE PROGRAMS SERVED 95 STUDENTS IN THE 2022 CALENDAR YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt033770
IRS990/ProgSrvcAccomActy3Grp/Desc0YOUTH PROGRAMS: LA PLAZA OFFERS THE SUMMER DISCOVERY AND LEADERSHIP INSTITUTE FOR LATINO YOUTH PROGRAMS. THE SUMMER DISCOVERY PROGRAM IS DESIGNED TO ENRICH THE LIVES OF ELEMENTARY SCHOOL CHILDREN THROUGH A FIVE-WEEK EDUCATIONAL AND CULTURAL EXPERIENCE. THESE ACTIVITIES INCLUDE READING AND MATH, ARTS AND PHYSICAL EDUCATION, LEADERSHIP AND TECHNOLOGICAL DEVELOPMENT, FIELD TRIPS, AND COMMUNITY SERVICE LEARNING. THE LEADERSHIP INSTITUTE FOR LATINO YOUTH IS A FIVE-WEEK SUMMER LEADERSHIP PROGRAM TO HELP HIGH SCHOOL STUDENTS GAIN THE SKILLS NECESSARY TO BE BETTER PREPARED FOR COLLEGE, CAREER, AND LIFE. THIS IS ACCOMPLISHED THROUGH MATH AND ENGLISH ENRICHMENT, LEADERSHIP PROJECTS, CAREER AND COLLEGE EXPLORATION, PHYSICAL AND HEALTH EDUCATION, FIELD TRIPS, COMMUNITY SERVICE, AND THE USE OF TECHNOLOGY. THESE PROGRAMS SERVED 0 INDIVIDUALS IN THE 2022 CALENDAR YEAR.
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