THE LATINA CIRCLE INC

EIN: 824167948 501(c)(3) Community Improvement

WELLESLEY, MA

Total Revenue
$1,581,618
Total Expenses
$1,628,734
Total Assets
$774,729
Net Assets
$668,234
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MA
Principal Officer
ENEIDA ROMAN
Phone
6172099203
Tax Period
2023-01-01 to 2023-12-31

THE LATINA CIRCLE INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

ADVANCING A NEW ERA OF LATINO PROSPERITY BY EXPANDING LATINX LEADERSHIP ACROSS SECTORS, GALVANIZING LEGISLATIVE AND PUBLIC SUPPORT, AND CHAMPINING CONTINUAL ECONOMIC MOBILITY.

Program Service Accomplishments

Program 1
Expenses: $864,141 Revenue: $2,900

THE ORGANIZATION HAS BUILT A NETWORK OF 6,000+ LATINX LEADERS, 200 CROSS- SECTOR PARTNERS, AND OVER 150 LATINX BUSINESSES THAT PARTICIPATE IN ITS CIVIC LEADERSHIP AND SMALL BUSINESS PROGRAMMING. IN...

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THE ORGANIZATION HAS BUILT A NETWORK OF 6,000+ LATINX LEADERS, 200 CROSS- SECTOR PARTNERS, AND OVER 150 LATINX BUSINESSES THAT PARTICIPATE IN ITS CIVIC LEADERSHIP AND SMALL BUSINESS PROGRAMMING. IN 2023, AMPLIFY LATINX (1) NOMINATED OVER 100 LATINO LEADERS FOR GOVERNMENT AND NONPROFIT BOARDS, COMMISSIONS, ELECTED OFFICE AND EXECUTIVE LEADERSHIP;(2) HOSTED 35+ ONLINE WORKSHOPS, FORUMS AND CONFERENCES ON TOPICS THAT IMPACT THE LATINO COMMUNITY IN MASSACHUSETTS; (3) FEATURED 50 LATINX LEADERS IN VISIBILITY CAMPAIGNS, AND (4) ADVOCATED FOR INCREASED FUNDING AND RESOURCES FOR THE LATINO COMMUNITY. IN 2023, THE ORGANIZATION EXPANDED ITS POWERUP BUSINESS PROGRAM TO INCLUDE VIRTUAL EDUCATIONAL PROGRAMMING GRANT FUNDING THROUGH PARTNERS AND PROVIDED GRANT APPLICATION SUPPORT TO OVER 75 LATINO BUSINESSES DURING THE RECOVERY PERIOD OF THE COVID-19 PANDEMIC. THE ORGANIZATION ALSO LAUNCHED ITS LATINO BUSINESS RESILIENCE PROGRAM THAT OFFERS HANDS-ON TECHNICAL ASSISTANCE AND BUSINESS COACHING TO PREPARE LATINO BUSINESSES FOR CAPITAL ACCESS AND TO EXPAND THEIR SOCIAL NETWORKS AND CONTRACTING OPPORTUNITIES. DURING 2023, THE ORGANIZATION GENERATED SIGNIFICANT FUNDING IN CONTRIBUTIONS FOR THE POWERUP PROGRAM.

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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 $1,810,653
Program Service Revenue $2,900
Investment Income $582
Other Revenue $-232,517
TOTAL REVENUE $1,581,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $661,040
Fundraising Expenses $201,774
Program Expenses $864,141
Other Expenses $967,694
TOTAL EXPENSES $1,628,734

Year-over-Year Comparison

2023 2022 Change
Revenue $1,581,618 $1,294,465 +0.2%
Expenses $1,628,734 $1,329,601 +0.2%
Net Income $-47,116 $-35,136 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
5
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
$334,931
Total Directors
10
$334,931
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ENEIDA ROMAN PRESIDENT/CE 40.00
Officer Director
$217,930 $203 $218,133
MONICA HINOJOS-CAPES HEAD OF INIT 40.00
Officer Director
$116,701 $97 $116,798
EILEEN ALEXOPOULOS CHAIR 5.00
Officer Director
$0 $0 $0
DR JOSEPH BETANCOURT DIRECTOR 1.00
Director
$0 $0 $0
DR RAUL FERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
GONZALO PUIGBO VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARY SKELTON ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
LUIS ROMAN TREASURER 2.00
Officer Director
$0 $0 $0
BRENDA SANCHEZ DIRECTOR 1.00
Director
$0 $0 $0
ROBB SUCHECKI DIRECTOR 1.00
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 $1,581,618 $1,628,734 $774,729 $-47,116
2022 $1,294,465 $1,329,601 $840,663 $-35,136
2021 $1,080,184 $613,068 $763,819 $467,116
2020 $416,537 $449,786 $292,602 $-33,249
2019 $305,572 $365,170 $329,704 $-59,598
2018 $497,637 $121,420 $380,217 $376,217
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