Sociedad Latina Inc

Nonprofit profile at a glance

EIN
042678255
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Roxbury, MA, USA
Phone
6174424299
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Youth Centers, Clubs

Official website

Reported finances

Revenue
$2,708,081
Expenses
$2,479,063
Assets
$11,484,859
Liabilities
$928,743

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JAIME LOPEZ (PRESIDENT)
  • ALEXANDRA OLIVER-DAVILA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ALEXANDRA OLIVER-DAVILA (EXECUTIVE DIRECTOR): $193,749 total reported compensation
  • JUAN MALDONADO (ASSOCIATE DIRECTOR): $119,209 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See 990, part i, line 1.

What it reported doing in 2024

Our education programming encompasses our middle school stem program; college and career readiness programming that include tutoring, mentoring, external workplace internships and coaching through the first year after high school graduation. Our young people are supported on their journeys from middle school to high school, and onto diverse college and career postsecondary pathways. Our civic engagement and community organizing programming uses artivism (arts + activism) to call attention to inequities connected to health, food, climate, education, mental health, bullying prevention, lack of access to arts, the negative impacts of social media as well as of racism and a whole host of services and resources including lack of latine representation across all fields and sectors. Our workforce development and stem pathways programming focuses on supporting our young people in exploring career pathways that are underrepresented by latine individuals and achieving their postsecondary career goals through work readiness training and internships. Our arts & culture programming offers our young people the opportunity to participate in the arts, celebrate diverse latine cultural traditions, and be guided on a pathway to music mastery through community classes, high school youth artists mastery program, and arts and cultural events.

Operating model

Revenue model
Donor-supported. 80% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 76
  • Accountability: 100
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72%; rating input score 72
  • Program expense ratio: 78.2%; rating input score 78
  • Fundraising efficiency: $6.61 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.5%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 4.63; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 12.6%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 15.5% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 72% of revenue deployed · 78.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.9M in reported program spending
  • Leadership: top reported pay $194K · 13 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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: Fundraising efficiency scored 24/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.