Club Espana Inc

Nonprofit profile at a glance

EIN
221928262
IRS 990 coverage
2013–2017
Forms available
Form 990 2017
Location
Newark, NJ, USA
Phone
9735895544
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities N.E.C.

Reported finances

Revenue
$136,347
Expenses
$116,482
Assets
$279,326
Liabilities
$204,079

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JUAN ALVAREZ (PRESIDENT)
  • CARLOS RODRIGUEZ (VICE PRESIDENT - UP TO 6/5/18)

People named in this filing

  • JUAN ALVAREZ (PRESIDENT)
  • CARLOS RODRIGUEZ (VICE PRESIDENT - UP TO 6/5/18)
  • ANA GARCIA (VICE TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote education in general among americans of spanish descent; more particularly, to stimulate among spanish speaking americans interest in the ideal of american democracy and love for the beautiful spanish traditions; and most particularly, to emphasize the fact that american patrictism is completely consistent with respect for spanish traditions and to this end, to raise funds for scholarships for needy students; to gather and furnish statistics to the state commissioner of education and to the boards of education of various municipalities with a substantial population of people of spanish origin to campaign for the teaching of spanish in high schools; to point out and encourage the inclusion in history books used in public schools the contributions of spain to the history and culture of the american people which, in the past and present, have been unduly omitted; and to stimulate and even finance travel between spain and the united states, and to cement a closer relationship.

What it reported doing in 2017

To support and provide dance and athletic activities that express the cultural aspect of spain.

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 3
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 62
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.3%; rating input score 5
  • Program expense ratio: 1.7%; rating input score 2
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 14.6%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 2.4; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.73; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: -24.6% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -11.7% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 5.3% of revenue deployed · 1.7% of spending went to programs
  • Governance: 6 of 6 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2013 to 2017
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 5/100.
  • High — Financial Efficiency: Program expense ratio scored 2/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.