Multicultural Spanish Speaking Providers

EIN: 275296217 501(c)(3) Education

Washington, DC

Total Revenue
$434,059
Total Expenses
$211,017
Total Assets
$281,602
Net Assets
$281,566
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DC
Principal Officer
Marilyn Medrano
Phone
2025552368
Tax Period
2023-01-01 to 2023-12-31

Multicultural Spanish Speaking Providers, founded in 2010, is a small nonprofit in the Education sector that reported $434K in total revenue in fiscal year 2023. Revenue surged 355% from the prior year, signaling strong growth momentum. The organization ran a surplus of $223K, a strong 51% operating margin.

Mission

The Multicultural Spanish Speaking Providers Association (MSSPA) is a professional membership association.Our members include childcare centers, licensed home daycares and Early Childhood teachers. Our mission is provide training and support to spanish speaking providers. Our training includes courses and seminars to prepare providers with knowlege and requiremets to obtain a proper license and education. Among this live courses, we help our providers to obtain a professional certification CDA or Child Development Associate certificate wich wil enchace their role as an early child hood providers. Furthermore, we help providers to pursue a postsecondary education.

Program Service Accomplishments

Program 1
Expenses: $80,000 Revenue: $80,000

Training and Educaton to providers. The funds received contributed to accomplish our objective to prepare and educate the providers.

Program 2
Expenses: $46,658 Revenue: $91,000

Development and equity among hispanic providers. This programs helps to obtain experience to accomplish early education challeges and goals.

Program 3
Revenue: $204,000

The Multicultural Spanish Speaking Providers Association (MSSPA) is a community stakeholder that works with the UDC Community College to increase access to post secondary education for early...

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The Multicultural Spanish Speaking Providers Association (MSSPA) is a community stakeholder that works with the UDC Community College to increase access to post secondary education for early educators employed in licensed child development facilities in the District.Most of our effort to date has been to expand and strengthen the pathways for the growing Hispanic workforce that represent more than 30% of the childcare sector.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $434,059
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $434,059

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,721
Fundraising Expenses $31,310
Program Expenses $126,658
Other Expenses $154,296
TOTAL EXPENSES $211,017

Year-over-Year Comparison

2023 2022 Change
Revenue $434,059 $95,347 +3.6%
Expenses $211,017 $106,888 +1.0%
Net Income $223,042 $-11,541 -20.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria Arese Board Member 3.00
Director
$0 $0 $0
Violeta Chirino Board Member 3.00
Director
$0 $0 $0
Gracia De Paula Board Member 3.00
Director
$0 $0 $0
Cristina Encinas President 7.00
Director
$0 $0 $0
Rosemary Martinez Board Member 3.00
Director
$0 $0 $0
Marilyn Medrano Treasurer 7.00
Director
$0 $0 $0
Nitza Segui Albino Vice President 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $434,059 $211,017 $281,602 $223,042
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