Civic Intelligence

Immersion for Spanish Language Acquisition

990 • Fiscal year 2024 • EIN 45-5336885

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 30, 2025

Organization Profilewww.laislaschool.org
PO Box 16278Chapel Hill, NC 27516

(919) 265-7692

Siviq Scores

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

Liabilities / Assets

74th percentile

0.18x

Higher debt load relative to assets than 74% of similar nonprofits.

2024 filings • NTEE A • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.02x

Higher debt load relative to revenue than 44% of similar nonprofits.

2024 filings • NTEE A • $500k-$1M nonprofits • Source year 2024

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

2024 filings • NTEE A • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE A • $500k-$1M nonprofits • Source year 2024

Asset Growth

1st percentile

-73%

Faster asset growth than 1% of similar nonprofits.

2024 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-37%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$51,890

Down $140,999 (-73%) from 2023

Net Assets

Down

$42,578

Down $148,718 (-78%) from 2023

Liabilities

Up

$9,312

Up $7,719 (+485%) from 2023

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin10th percentile

Revenue

Down

$513,734

Down $295,901 (-37%) from 2023

Expenses

Down

$662,452

Down $81,112 (-11%) from 2023

Net Income

Down

-$148,718

Down $214,789 (-325%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$400K$300K$200K$100K$0-$100KAssets 2012: $9,365Liabilities 2012: $2,030Net Assets 2012: $7,3352012Assets 2013: $3,681Liabilities 2013: $1,198Net Assets 2013: $2,4832013Assets 2014: $5,118Liabilities 2014: $1,5392014Assets 2015: $28,627Liabilities 2015: $0Net Assets 2015: $28,6272015Assets 2016: $17,356Liabilities 2016: $5642016Assets 2017: $23,778Liabilities 2017: $851Net Assets 2017: $22,9272017Assets 2018: $12,513Liabilities 2018: $639Net Assets 2018: $11,8742018Assets 2019: $74,621Liabilities 2019: $705Net Assets 2019: $73,9162019Assets 2020: $85,680Liabilities 2020: $61,500Net Assets 2020: $24,1802020Assets 2021: $321,926Liabilities 2021: $299,957Net Assets 2021: $21,9692021Assets 2022: $171,076Liabilities 2022: $45,851Net Assets 2022: $125,2252022Assets 2023: $192,889Liabilities 2023: $1,593Net Assets 2023: $191,2962023Assets 2024: $51,890Liabilities 2024: $9,312Net Assets 2024: $42,5782024Assets 2025: $5,376Liabilities 2025: $9,314Net Assets 2025: -$3,9382025

Highlighted filing

2024

Assets$51,890
Liabilities$9,312
Net Assets$42,578
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.0M$500K$0-$500KRevenue 2012: $40,118Expenses 2012: $32,783Net Income 2012: $7,3352012Revenue 2013: $62,816Expenses 2013: $67,668Net Income 2013: -$4,8522013Revenue 2014: $96,287Expenses 2014: $95,197Net Income 2014: $1,0902014Revenue 2015: $161,995Expenses 2015: $136,947Net Income 2015: $25,0482015Revenue 2016: $99,388Expenses 2016: $111,223Net Income 2016: -$11,8352016Revenue 2017: $235,562Expenses 2017: $229,427Net Income 2017: $6,1352017Revenue 2018: $252,598Expenses 2018: $263,651Net Income 2018: -$11,0532018Revenue 2019: $352,240Expenses 2019: $290,198Net Income 2019: $62,0422019Revenue 2020: $391,380Expenses 2020: $441,116Net Income 2020: -$49,7362020Revenue 2021: $487,901Expenses 2021: $490,114Net Income 2021: -$2,2132021Revenue 2022: $706,873Expenses 2022: $619,843Net Income 2022: $87,0302022Revenue 2023: $809,635Expenses 2023: $743,564Net Income 2023: $66,0712023Revenue 2024: $513,734Expenses 2024: $662,452Net Income 2024: -$148,7182024Revenue 2025: $473,948Expenses 2025: $520,464Net Income 2025: -$46,5162025

Highlighted filing

2024

Revenue$513,734
Expenses$662,452
Net Income-$148,718
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$513,734
Mission and Program Overview

Mission

To build community and leadership through educational Spanish language cultural immersion programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$189,049$48,530▼ $140,519
Land, Buildings, and Equipment, Net$3,840$3,360▼ $480
Total Assets$192,889$51,890▼ $140,999
Liabilities
Accounts Payable and Accrued Expenses$1,593$9,312▲ $7,719
Total Liabilities$1,593$9,312▲ $7,719
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$191,296$42,578▼ $148,718
Total Net Assets Fund Balance$191,296$42,578▼ $148,718
Total Liabilities and Net Assets / Fund Balance$192,889$51,890▼ $140,999

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,360$960-
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Dayson PasionPresident
Jennifer D LimaVice President
Josue CordovaExecutive Director
JJ RichardsonSecretary
Jessica PasionTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$447,397
Program Service Revenue
$65,522
Investment Income
$815
Other Revenue
$0
All Other Contributions
$447,397
Change in Net Assets
$-148,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$471,251
Other Expenses$191,201
Total Fundraising Expense$19,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,649$57,391$9,565$382,605
Other Employee Benefits$73,133$13,297$2,216$88,646
Other Expenses$48,879--$48,879
Fees for Services Other$13,743$13,743$3,054$30,540
Occupancy$13,381$13,381$2,974$29,736
All Other Expenses$10,927$3,462$896$15,285
Advertising-$13,085-$13,085
Office Expenses$6,118$1,112$185$7,415
Insurance$4,852$882$147$5,881
Travel$3,086--$3,086
Conferences and Meetings$1,143--$1,143
Depreciation Depletion$480--$480
Total Functional Expenses$527,062$116,353$19,037$662,452
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
Yes
Annual disclosure for covered persons
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 governing body review Part VI line 11

“The form 990 is circulated to the Board prior to the outsourced CPA filing the return.”

Conflict of interest policy compliance Part VI line 12C

“Annually the current Board members must sign conflict of interest statements.”

CEO executive director top management comp Part VI line 15A

“The Board, annually, goes into closed session to review the compensation of the management team. The Board uses current compensation guidelines when determining compensation for its management staff.”

Other officer or key employee compensation Part VI line 15B

“See response to 015, the Board goes into closed session to review and determine these amounts.”

Governing documents etc available to public Part VI line 19

“The entity makes these documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Immersion for Spanish Language Acq
EIN
45-5336885
Address
PO Box 16278, Chapel Hill, NC 27516

Signing Officer

Name
Josue Cordova
Title
Exec Director
Phone
9192657692
Signed
2025-04-30
Discuss with paid preparer
No

Organization Details

Principal Officer
Dayson Pasion
Formed
2012
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
8
Employees
25

Preparer

Firm
PT CPAs PLLC
Address
7610 Falls of Neuse Rd, Raleigh, NC 27615
Preparer
Joseph Turchetti
Phone
9198476800
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is circulated to the Board prior to the outsourced CPA filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually the current Board members must sign conflict of interest statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board, annually, goes into closed session to review the compensation of the management team. The Board uses current compensation guidelines when determining compensation for its management staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3See response to 015, the Board goes into closed session to review and determine these amounts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The entity makes these documents available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0192889
IRS990/TotalAssetsEOYAmt051890
IRS990/TotalAssetsGrp/BOYAmt0192889
IRS990/TotalAssetsGrp/EOYAmt051890
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0447397
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt019037
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116353
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0527062
IRS990/TotalFunctionalExpensesGrp/TotalAmt0662452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01593
IRS990/TotalLiabilitiesEOYAmt09312
IRS990/TotalLiabilitiesGrp/BOYAmt01593
IRS990/TotalLiabilitiesGrp/EOYAmt09312
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0191296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt042578
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0527062
IRS990/TotalProgramServiceRevenueAmt065522
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0815
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065522
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0513734
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0192889
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt051890
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03086
IRS990/TravelGrp/TotalAmt03086
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Josue Cordova
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Exec Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09192657692
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Immersion for Spanish Language Acq
ReturnHeader/Filer/BusinessNameControlTxt0IMME
ReturnHeader/Filer/EIN0455336885
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 16278
ReturnHeader/Filer/USAddress/CityNm0Chapel Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027516
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464529092
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PT CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07610 Falls of Neuse Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198476800
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Turchetti
ReturnHeader/ReturnTs02026-01-03T12:43:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,890
Liabilities
$9,312
Net assets
$42,578
Revenue
$513,734
Expenses
$662,452
Net income
-$148,718
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.09$0.04$4.74$5.20$0.47
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.09$0.43$5.14$6.62$1.49
2023Summary only. Only limited summary data is available for this year.$1.93$0.02$1.91$8.10$7.44$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.46$1.25$7.07$6.20$0.87
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$3.00$0.22$4.88$4.90$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.62$0.24$3.91$4.41$0.50
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.01$0.74$3.52$2.90$0.62
2018Summary only. Only limited summary data is available for this year.$0.13$0.01$0.12$2.53$2.64$0.11
2017Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$2.36$2.29$0.06
2016Summary only. Only limited summary data is available for this year.$0.17$0.01$0.99$1.11$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$1.62$1.37$0.25
2014Summary only. Only limited summary data is available for this year.$0.05$0.02$0.96$0.95$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.02$0.63$0.68$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.02$0.07$0.40$0.33$0.07