Civic Intelligence

Hola Carolina

990 • Fiscal year 2021 • EIN 82-2943079

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 07, 2022

PO Box 5146Asheville, NC 28813

(828) 989-2745

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

24th percentile

0.00x

Higher debt load relative to revenue than 24% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Net Margin

47th percentile

15%

Higher net margin than 47% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

97th percentile

$142,869

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Asset Growth

53rd percentile

15%

Faster asset growth than 53% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-21%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$765,095

Up $101,807 (+15%) from 2020

Net Assets

Up

$763,341

Up $105,512 (+16%) from 2020

Liabilities

Down

$1,754

Down $3,705 (-68%) from 2020

Revenue

Down

$804,752

Down $212,363 (-21%) from 2020

Expenses

Up

$681,722

Up $312,428 (+85%) from 2020

Net Income

Down

$123,030

Down $524,791 (-81%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2018: $2,906Liabilities 2018: $02018Assets 2019: $16,660Liabilities 2019: $1,5462019Assets 2020: $663,288Liabilities 2020: $5,459Net Assets 2020: $657,8292020Assets 2021: $765,095Liabilities 2021: $1,754Net Assets 2021: $763,3412021Assets 2022: $743,160Liabilities 2022: $3,844Net Assets 2022: $739,3162022Assets 2023: $617,455Liabilities 2023: $8,389Net Assets 2023: $609,0662023Assets 2024: $745,075Liabilities 2024: $15,440Net Assets 2024: $729,6352024

Highlighted filing

2021

Assets$765,095
Liabilities$1,754
Net Assets$763,341

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $58,346Expenses 2018: $55,440Net Income 2018: $2,9062018Revenue 2019: $177,088Expenses 2019: $164,880Net Income 2019: $12,2082019Revenue 2020: $1,017,115Expenses 2020: $369,294Net Income 2020: $647,8212020Revenue 2021: $804,752Expenses 2021: $681,722Net Income 2021: $123,0302021Revenue 2022: $880,404Expenses 2022: $893,590Net Income 2022: -$13,1862022Revenue 2023: $448,877Expenses 2023: $579,127Net Income 2023: -$130,2502023Revenue 2024: $828,933Expenses 2024: $708,364Net Income 2024: $120,5692024

Highlighted filing

2021

Revenue$804,752
Expenses$681,722
Net Income$123,030
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 7, 2022
Return Version
2021v4.1
Gross Receipts
$806,681
Mission and Program Overview

Mission

The mission of Hola Carolina is to build bridges between cultures, embrace diversity, and create more economically vibrant communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$533,340$394,332▼ $139,008
Cash and Non-Interest-Bearing Accounts$67,119$258,798▲ $191,679
Land, Buildings, and Equipment, Net$10,736$68,887▲ $58,151
Intangible Assets$39,528$31,622▼ $7,906
Receivables From Officers Etc$7,235$9,956▲ $2,721
Accounts Receivable$4,780$1,500▼ $3,280
Total Assets$663,288$765,095▲ $101,807
Other Assets Total$550--
Liabilities
Accounts Payable and Accrued Expenses$5,459$1,754▼ $3,705
Total Liabilities$5,459$1,754▼ $3,705
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$547,101$620,809▲ $73,708
Net Assets With Donor Restrictions$110,728$142,532▲ $31,804
Total Net Assets Fund Balance$657,829$763,341▲ $105,512
Total Liabilities and Net Assets / Fund Balance$663,288$765,095▲ $101,807

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$52,956$9,031$61,987
Equipment$15,931$3,052$18,983
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ronald J StameyHighest compensated employeeFT$140,000$2,869$142,869
Ricardo Bello BallSecretary-$1,140-$1,140
Vanessa GarciaMember-$600-$600

Board Members and Trustees

NameTitle
Gloria VillanuevaBoard Chair
Adriana ChavelaExecutive Director
Cynthia EspinozaMember
Micky Salsero-PerezMember
Sujeil BergmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$770,549
Program Service Revenue
$29,205
Investment Income
$211
Other Revenue
$4,787
All Other Contributions
$752,431
Change in Net Assets
$123,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$370,728
Grants and Similar Amounts Paid$157,414
Salaries, Compensation, and Employee Benefits$153,580
Total Fundraising Expense$21,312
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$211,140$0$0$211,140
Current Officers, Directors, Trustees, and Key Employees$100,009$35,717$7,143$142,869
Grants to Domestic Orgs$127,500--$127,500
Advertising$26,361$3,990$3,990$34,341
Grants to Domestic Individuals$29,914--$29,914
Travel$16,762$4,351$4,351$25,464
Office Expenses$14,294$4,465$2,033$20,792
Depreciation Depletion$13,558$4,842$968$19,368
Information Technology$9,993$2,142$2,142$14,277
Payroll Taxes$7,497$2,678$536$10,711
Fees for Services Accounting$0$9,771$0$9,771
Occupancy$3,296$747$149$4,192
All Other Expenses$0$3,179$0$3,179
Insurance$0$1,544$0$1,544
Other Expenses$750$0$0$750
Fees for Services Legal$0$128$0$128
Total Functional Expenses$586,856$73,554$21,312$681,722
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Centro Unido Latino AmericanoMarion, NC501(c)(3)Community Support$42,500
Beloved AshevilleAsheville, NC501(c)(3)Community Support$20,000
UNETE IncAsheville, NC-Community Support$20,000
Vecinos IncCullowhee, NC-Community Support$15,000
High Country Community HealthBoone, NC501(c)(3)Community Support$10,000
Pisgah Legal ServicesAsheville, NC-Community Support$10,000
UNIDOS Western North CarolinaBryson City, NC-Community Support$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,450
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$7,235$9,956▲ $2,721
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
Filing and Contact Details

Filer

Filer Name
Hola Carolina
EIN
82-2943079
Phone
8289892745
Address
PO Box 5146, Asheville, NC 28813

Signing Officer

Name
Adriana Chavela
Title
Executive Director
Phone
8289892745
Signed
2022-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adriana Chavela
Formed
2017
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
50

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801
Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

The executive director and the highest compensated employee are husband and wife.

Pt VI, Line 11B

The organization's board of directors and management reviews and approves the Form 990 prior to its filing.

Pt VI, Line 12C

The organization annually reviews all disclosures required to be made by all board members to ensure compliance with the conflict of interest policy.

Pt VI, Line 15A

The executive director is not compensated.

Pt VI, Line 15B

The board of directors meets annually to evaluate the Executive Director and other highly compensated employees or consultants. The board of directors secures data that documents compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. This comparability study includes documented telephone calls about similar positions at both nonprofit and for-profit organizations; and information obtained from the IRS Form 990 public filings of similar organizations. To approve the compensation for the Executive Director and highly compensated employees and consultants the board documents how it reached its decisions, including the data on which it relied, in the minutes of the meeting during which the compensation was approved

Pt VI, Line 18

The form 1023 is available upon request and the Forms 990 are available on the websites of many charity watch organizations and upon request.

Pt VI, Line 19

Governing documents are available upon request.

Other

Ricardo Bello Ball was paid $1140 for program related educator fees. He was not compensated for his duties as a board member.

Other

Vanessa Garcia was paid $600 for food preparation at a COVID outreach special event. She was not compensated for her services as a board member.

Form 990, Part IX, Line 11G

Artist/Educator Fees 14510. 14510.

Form 990, Part IX, Line 11G

Communications 88797. 88797.

Form 990, Part IX, Line 11G

Event Production Staff 17315. 17315.

Form 990, Part IX, Line 11G

Project Management 90518. 90518.

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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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IRS990/Desc0Equally Informed Initiative Hola Carolina explores and gives a critical voice to the diversity of our community. Our communications team fills the gap in news information, combats misinformation and improves communication for the Spanish-speaking community In 2021, produced 5,978 News stories in Spanish.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Equity in Health for Immigrant Communities The pandemic has exposed the fragile state of our healthcare system, specifically in underserved communities. Hola Carolina is working hard to address racial disparities associated with COVID-19. Since the beginning of the pandemic, Hola Carolina has distributed 857,438 masks to the Latino community throughout our region. 52,824 Latinos in our region have received the COVID vaccination.
IRS990/ProgSrvcAccomActy3Grp/Desc0Education & Outreach Hola Carolina programs bridge cultural communication between government, business and historically underrepresented and underserved communities. In 2021, 78,923 people participated in our education & outreach events.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Beloved Asheville
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Centro Unido Latino Americano
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2High Country Community Health
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Pisgah Legal Services
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5UNIDOS Western North Carolina
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Vecinos Inc
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