Nonprofit · EIN 95-4196238
PROSPANICA
Tax-exempt · DALLAS, TX 75230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,107,940 | $3,577,944 | -$1,470,004 | $4,853,983 | $831,115 | $4,022,868 |
| December 31, 2023 | 990 | $2,828,553 | $3,394,198 | -$565,645 | $6,428,954 | $1,170,220 | $5,258,734 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $190,430
- Membership dues
- $58,265
- Program service revenue
- $1,657,036
- Investment income
- $260,383
- Net gain from sales of assets
- $119,840
- Other revenue
- $91
Expenses
- Grants and similar amounts paid
- $31,000
- Compensation of officers, directors and key employees
- $704,267
- Other salaries and wages
- $647,468
- Salaries, compensation and benefits (total)
- $1,543,628
- Professional fundraising fees
- $0
- Legal fees
- $59,309
- Accounting fees
- $28,108
- Travel
- $314,863
- Program services (functional)
- $2,492,661
- Management and general (functional)
- $1,084,842
- Fundraising (functional)
- $441
Balance sheet and other
- Total assets, start of year
- $6,428,954
- Total assets, end of year
- $4,853,983
- Total liabilities, end of year
- $831,115
- Net assets, end of year
- $4,022,868
- Land, buildings and equipment
- $744
- Publicly traded securities
- $3,553,867
- Net assets without donor restrictions
- $3,941,047
- Net assets with donor restrictions
- $81,821
- Gross unrelated business income
- $32,890
- Gross receipts
- $4,353,699
- Employees
- 18
- Volunteers
- 200
- Year formed
- 1988
- State of legal domicile
- TX
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 | Other / benefits |
|---|---|---|---|---|
| THOMAS SAVINO | CEO Trustee or director, Officer | 40 | $313,259 | $14,157 |
| AMANDA TOVAR | COO Officer | 40 | $200,000 | $12,850 |
| MARIA LIMA | VP OF FINANCE Officer | 40 | $149,650 | $14,353 |
| ESTHER GONZALEZ | VP-PROGRAMS/PARTN | 40 | $150,000 | $11,889 |
| RAQUEL SANTIAGO-MARTINEZ | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| KIRK SANTOR | Director Trustee or director | 2 | $0 | $0 |
| JOE ZUBI | Director Trustee or director | 2 | $0 | $0 |
| JIM HUERTA | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JANET SIMMS | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| BILL SCHWARTZ | Director Trustee or director | 2 | $0 | $0 |
| ELYSE ESTRADA | Director Trustee or director | 2 | $0 | $0 |
| ERIKA CRAMER | Secretary Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS SAVINO | CEO Trustee or director, Officer | 40 | $346,668 | $4,007 |
| MARIA LIMA | VP OF FINANCE Officer | 40 | $100,888 | $6,685 |
| AMANDA TOVAR | COO Officer | 40 | $11,538 | $0 |
| RAQUEL SANTIAGO-MARTINEZ | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| KIRK SANTOS | Director Trustee or director | 2 | $0 | $0 |
| JOE ZUBI | Director Trustee or director | 2 | $0 | $0 |
| JIM HUERTA | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JANET SIMMS | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| BILL SCHWARTZ | Director Trustee or director | 2 | $0 | $0 |
| ELYSE ESTRADA | Director Trustee or director | 2 | $0 | $0 |
| ERIKA CRAMER | Secretary Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11700 PRESTON RD STE 660 PMB 354, DALLAS, TX 75230-2739
- Principal officer (990 for 2024)
- THOMAS SAVINO, 11700 PRESTON RD STE 660 354, DALLAS, TX 75230
- Signed the 990
- THOMAS SAVINO, CEO
- Phone
- (866) 276-2140
- Website
- www.prospanica.org
- Return prepared by
- Sutton Frost Cary LLP
Mission
THE ORGANIZATION'S MISSION IS TO EMPOWER AND ENABLE HISPANIC PROFESSIONALS TO ACHIEVE THEIR FULL EDUCATIONAL, ECONOMIC, AND SOCIAL POTENTIAL.
Program accomplishments
- The Prospanica Leadership Summit empowers Hispanic professionals, chapter leaders, members, and students by providing a platform for leadership development, networking, and skill-building. This event connects participants with industry leaders and experts, fostering growth opportunities and inspiring positive change in the Hispanic community. By investing in the advancement of Hispanic leaders, the Leadership Summit contributes to the overall growth and success of the community.Expenses $1,991,101
- The Prospanica National Conference is a premier event that brings together Hispanic professionals, students, and corporate partners to promote educational advancement, career development, and leadership within the Hispanic community. This event provides invaluable networking opportunities, professional development workshops, and access to resources that empower participants to achieve their career goals.Expenses $470,560 · revenue $1,072,057
- The Prospanica Scholarship Program supports Hispanic students pursuing undergraduate or graduate degrees in business and related fields. By providing financial assistance, this program helps students overcome financial barriers and achieve their academic goals. This, in turn, promotes the advancement of Hispanics in higher education and contributes to a more diverse and inclusive business landscape.Expenses $31,000 · grants $31,000
- Prospanica Local Chapter Events offer a platform for Hispanic professionals and students to connect, learn, and grow within their local communities. These events provide tailored educational programs, professional development opportunities, and access to valuable resources that enable participants to thrive in their careers. By fostering connections and empowering Hispanic professionals at the local level, these events contribute to the overall advancement of the Hispanic community and promote a diverse, inclusive business landscape.revenue $584,979
- The Prospanica Center for Social Justice is dedicated to promoting equity, fairness, and inclusion within the Hispanic community and beyond. By addressing systemic barriers and challenges that impact Hispanics' ability to achieve their full potential, the Center works to create lasting, positive change in society.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 95-4196238
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,853,983
- Income (IRS master file)
- $4,353,699
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,107,940 | $3,577,944 | $4,853,983 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,828,553 | $3,394,198 | $6,428,954 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,018,756 | $2,789,452 | $6,699,423 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 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 95-4196238).
Questions about PROSPANICA
- What is the EIN of PROSPANICA?
- The employer identification number (EIN) of PROSPANICA is 95-4196238.
- Is PROSPANICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to PROSPANICA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPANICA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROSPANICA 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 PROSPANICA 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 PROSPANICA?
- The 990 for the year ended December 31, 2024 names THOMAS SAVINO.
- Who are the officers and directors of PROSPANICA?
- The 990 for the year ended December 31, 2024 lists 12 people; 4 received compensation from the organization, the highest $313,259 (THOMAS SAVINO, CEO).
- How much revenue does PROSPANICA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,107,940, expenses of $3,577,944 and total assets of $4,853,983 at year end.
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