Nonprofit · EIN 23-3061896
SOSTENICA INC
Tax-exempt · CAMBRIDGE, MA 02140
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,080 | $3,132 | $16,948 | $730,156 | $1,489,839 | -$759,683 |
| December 31, 2023 | 990 | $63,019 | $309,194 | -$246,175 | $733,289 | $1,509,920 | -$776,631 |
| December 31, 2021 | 990 (amended) | $296,956 | $365,561 | -$68,605 | $1,151,655 | $1,561,354 | -$409,699 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,080
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,804
- Management and general (functional)
- $3,132
Balance sheet and other
- Total assets, start of year
- $733,289
- Total assets, end of year
- $730,156
- Total liabilities, end of year
- $1,489,839
- Net assets, end of year
- -$759,683
- Net assets without donor restrictions
- -$759,683
- Gross receipts
- $20,080
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph DeNicola | Executive Director Trustee or director, Key employee | 5 | $0 |
| Rev Owen Owens | Member Trustee or director | 1 | $0 |
| V Scott Bihl | Member Trustee or director | 1 | $0 |
| Joanna Lane | Member Trustee or director | 1 | $0 |
| DeLaura Padovan | Member Trustee or director | 1 | $0 |
| Alan Wright | President Trustee or director, Officer | 1 | $0 |
| Rachel Lindsay | Secretary Trustee or director, Officer | 1 | $0 |
| Tim Keyes | Treasurer Trustee or director, Officer | 1 | $0 |
| Peter Guarino | Vice President Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph DeNicola | Executive Director Trustee or director, Key employee | 5 | $0 |
| Rev Owen Owens | Member Trustee or director | 1 | $0 |
| V Scott Bihl | Member Trustee or director | 1 | $0 |
| Joanna Lane | Member Trustee or director | 1 | $0 |
| DeLaura Padovan | Member Trustee or director | 1 | $0 |
| Alan Wright | President Trustee or director, Officer | 1 | $0 |
| Rachel Lindsay | Secretary Trustee or director, Officer | 1 | $0 |
| Tim Keyes | Treasurer Trustee or director, Officer | 1 | $0 |
| Peter Guarino | Vice President Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2021: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph DeNicola | Executive Director Trustee or director, Key employee, Highest-paid employee | 35 | $38,000 |
| Rev Owen Owens | Member Trustee or director | 1 | $0 |
| V Scott Bihl | Member Trustee or director | 3 | $0 |
| Joanna Lane | Member Trustee or director | 1 | $0 |
| DeLaura Padovan | Member Trustee or director | 2 | $0 |
| Alan Wright | President Trustee or director, Officer, Key employee | 5 | $0 |
| Rachel Lindsay | Secretary Trustee or director, Officer | 2 | $0 |
| Tim Keyes | Treasurer Trustee or director, Officer | 3 | $0 |
| Peter Guarino | Vice President Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 175 RICHDALE AVE, CAMBRIDGE, MA 02140-3352
- In care of
- % ALAN WRIGHT
- Principal officer (990 for 2024)
- ALAN WRIGHT, 175 RICHDALE AVE, CAMBRIDGE, MA 02140
- Signed the 990
- ALAN WRIGHT, BOARD PRESIDENT
- Phone
- (203) 441-0717
- Return prepared by
- STEVEN J HANDZEL
Mission
SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant,sustainable communities through microcredit,technical assistance, and outreach to low income smallholder farmers and school children.
Program accomplishments
- Research strategies for sustainable agriculture in rural Nicaragua and train local farmers in strategies developed. Research into occupational risk factors of Chronic Kidney Disease (CKD) among a cohort of Central American workers affecting clients of SosteNica. Program suspended during 2022.0
- Microlending in Nicaragua. Due to political and economic issues in Nicaragua, this program did not receive any interest income nor did it pay dividends to investors in the program.0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-3061896
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- International, foreign affairs and national security (Q320)
- Assets (IRS master file)
- $730,156
- Income (IRS master file)
- $20,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $20,080 | $3,132 | $730,156 | XML |
| 990 | December 2023 | $63,019 | $309,194 | $733,289 | XML |
| 990 | December 2022 | $197,587 | $318,345 | $1,043,713 | IRS |
| 990 | December 2021 | $296,956 | $365,561 | $1,151,655 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-3061896).
Questions about SOSTENICA INC
- What is the EIN of SOSTENICA INC?
- The employer identification number (EIN) of SOSTENICA INC is 23-3061896.
- Is SOSTENICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to SOSTENICA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOSTENICA INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SOSTENICA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOSTENICA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOSTENICA INC?
- The 990 for the year ended December 31, 2024 names ALAN WRIGHT.
- Who are the officers and directors of SOSTENICA INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does SOSTENICA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,080, expenses of $3,132 and total assets of $730,156 at year end.
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