Spanish American Committee

EIN: 341028559 501(c)(3) Community Improvement

Cleveland, OH

Total Revenue
$1,780,313
Total Expenses
$1,610,828
Total Assets
$2,148,798
Net Assets
$2,127,446
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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
OH
Phone
2169612100
Tax Period
2024-01-01 to 2024-12-31

Spanish American Committee, founded in 1966, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.6M left a modest 10% surplus.

Mission

Mission: The Spanish American Committees mission is act and serve as a gateway to socioeconomic success for individuals and families in Northeast Ohio while maintaining and celebrating a Latino perspective and focus to all.

Program Service Accomplishments

Program 1
Expenses: $592,789

Little Footsteps Early Childhood Enrichment Center: The Spanish American Committee Early Childhood Enrichment Center was the first bilingual day care in the State of Ohio and remains the only one in...

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Little Footsteps Early Childhood Enrichment Center: The Spanish American Committee Early Childhood Enrichment Center was the first bilingual day care in the State of Ohio and remains the only one in Cuyahoga County. The center offers early education and services to children as young as six-weeks (6 weeks) old to 8 years old. The Center provides a diverse bilingual and multicultural curriculum. The center is fully licensed and State certified as well as currently has 3-star and is seeking to obtain 5-stars in 2021.

Program 2
Expenses: $521,098

Families First Program: A variety of social services are offered by our licensed social worker and case manager currently at the agency. Our Social worker and case manager aid clients in an array of...

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Families First Program: A variety of social services are offered by our licensed social worker and case manager currently at the agency. Our Social worker and case manager aid clients in an array of services such as: applying for public assistance, including SNAP Benefits, social security, HEAP/PIPP, and similar programs, referrals to shelters in cases of homelessness or domestic violence instances, county childcare voucher application assistance, an on-site domestic violence counselor, help with job applications, document translation, immigration clinic every Wednesday, as well as getting connected to the Cleveland Furniture Bank and other partnering agencies who aid us in accepting referrals. In addition to the social services provided, under families first the agency offers employment and training services as well. This includes: job referral, job preparation counseling, job readiness training, and a job bank/job service.

Program 3
Expenses: $212,596

Mi Casa Housing Program: As a HUD certified Housing Counseling Agency, our certified Housing Counselor and Financial Literacy Advisor provide case management services in the areas of First Time...

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Mi Casa Housing Program: As a HUD certified Housing Counseling Agency, our certified Housing Counselor and Financial Literacy Advisor provide case management services in the areas of First Time Homebuyers, Mortgage Default and Delinquency (Foreclosure Prevention), Financial Literacy (Consumer Education), and Tenant Landlord mediation. Our Housing Counseling Program is also an affiliate member of UnidosUS. The agencies housing program works to build partnerships with the city of Cleveland and Cuyahoga County to ensure renters can find available rental units, report any cases of discrimination or cases of scams, identity theft and credit problems, as well as with other housing agencies such as CHN Housing Partners and EDEN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,559,806
Program Service Revenue $162,582
Investment Income $57,567
Other Revenue $358
TOTAL REVENUE $1,780,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,060,922
Fundraising Expenses $0
Program Expenses $1,483,629
Other Expenses $549,906
TOTAL EXPENSES $1,610,828

Year-over-Year Comparison

2024 2023 Change
Revenue $1,780,313 $1,930,036 -0.1%
Expenses $1,610,828 $1,539,164 +0.0%
Net Income $169,485 $390,872 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
36
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
5
$136,874
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAMONITA VARGAS Executive Director 40.00
Officer
$136,874 $0 $136,874
STEVE HARMON Trustee 1.00
$0 $0 $0
KENNY TORRES Trustee 1.00
$0 $0 $0
MONICA ANA YEPES Trustee 1.00
$0 $0 $0
EDDIE RIVIERO Trustee 1.00
$0 $0 $0
ADRIAN MALDONADO Trustee 1.00
$0 $0 $0
Carlos Osequera Trustee 1.00
$0 $0 $0
TIFFANY MONTGOMERY Vice President 1.00
Officer
$0 $0 $0
ANGEL RODRIGUEZ Board Chair 1.00
Officer
$0 $0 $0
LUIS VIZCARRONDO Treasurer 1.00
Officer
$0 $0 $0
MARCIA NOLAN Secretary 1.00
Officer
$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
2024 $1,780,313 $1,610,828 $2,148,798 $169,485
2023 $1,930,036 $1,539,164 $1,975,015 $390,872
2022 $1,610,115 $1,210,739 $1,687,633 $399,376
2021 $1,069,667 $927,936 $1,210,777 $141,731
2020 $1,170,646 $1,028,557 $1,171,019 $142,089
2019 $1,087,335 $1,054,149 $967,044 $33,186
2018 $1,206,966 $873,739 $881,909 $333,227
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