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THE ESPERANZA EDUCATION FUND INC: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE ESPERANZA EDUCATION FUND INC (EIN 26-4035461)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-04-07
IRS object ID
202540979349201219
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-04-07T10:53:01-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521853933PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JM&MBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110500 LITTLE PATUXENT PARKWAY SUITEAddressLine1Txt
Address Line2770AddressLine2Txt
CityCOLUMBIACityNm
State AbbreviationMDStateAbbreviationCd
ZIP21044ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264035461EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ESPERANZA EDUCATION FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlESPEBusinessNameControlTxt
Phone9176089847PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16218 GEORGIA AVE NW SUITE 1 30AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20011ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFRANKLIN CRUZPersonNm
Person TitleBOARD TREASURERPersonTitleTxt
Phone9176089847PhoneNum
Signature2025-04-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMEENA BISHNOIPreparerPersonNm
PTINP01480769PTIN
Phone4108840220PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.ESPERANZAFUND.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$114,250GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$109,028ContributionsGiftsGrantsEtcAmt
Investment Income$1,097InvestmentIncomeAmt
Other Revenue Total$4,125OtherRevenueTotalAmt
Total Revenue$114,250TotalRevenueAmt
Grants And Similar Amounts Paid$18,700GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$77,206FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$17,377OtherExpensesTotalAmt
Total Expenses$113,283TotalExpensesAmt
Excess Or Deficit For Year$967ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$160,671NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$163,127OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY-$1,489NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$157,379BOYAmt
EOY$115,642EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$5,892BOYAmt
EOY$13,751EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$163,271BOYAmt
EOY$129,393EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,600BOYAmt
EOY$130,882EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$160,671BOYAmt
EOY-$1,489EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO PROVIDE COLLEGE SCHOLARSHIPS AND PROMOTE HIGHER EDUCATION FOR THE IMMIGRANT COMMUNITY IN THE DISTRICT OF COLUMBIA, MARYLAND, AND VIRGINIA.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE ESPERANZA EDUCATION FUND HELPS PROMISING, DRIVEN, IMMIGRANT STUDENTS IN THE CAPITAL REGION BY PROVIDING COLLEGE SCHOLARSHIPS AND CAREER MENTORSHIP. IN 2024, THE ESPERANZA EDUCATION FUND ("ESPERANZA") AWARDED NEW COLLEGE SCHOLARSHIPS TO A COHORT OF FIVE STUDENTS TOTALING $20,000. THE STUDENTS OR THEIR PARENTS CAME FROM SEVERAL DIFFERENT COUNTRIES. IN ADDITION, ESPERANZA CONTINUED TO MAKE SCHOLARSHIP PAYMENTS TO ITS PRIOR YEAR SCHOLARS, AMOUNTING TO OVER $50,000 FOR 28 HIGH SCHOOL STUDENTS FROM D.C., MARYLAND, AND VIRGINIA. ESPERANZA MATCHES EACH OF ITS SCHOLARS WITH A MENTOR (IF THE SCHOLAR DESIRES) TO SUPPORT THE SCHOLAR WITH COLLEGE AND CAREER ADVANCEMENT. ESPERANZA ALSO SUPPORTS STUDENTS BY PLANNING AND HOSTING VARIOUS COLLEGE & CAREER READINESS AND NETWORKING VIRTUAL AND IN-PERSON EVENTS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$59,743ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$59,743TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MARCELA CORREA
CHAIR5.00$0$0$0
FRANKLIN CRUZ
TREASURER AS OF AUG.5.00$0$0$0
BRYAN MEJIA MEDINA
MEMBER5.00$0$0$0
MINAL AMIN
MEMBER AS OF AUG.5.00$0$0$0
KEJSI BELTOJA
MEMBER AS OF AUG.5.00$0$0$0
JUPITER EL-ASMAR
MEMBER AS OF AUG.5.00$0$0$0
SEAN MANN
MEMBER AS OF AUG.5.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16218 GEORGIA AVE NW SUITE 1 3081AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20011ZIPCd
FieldValueIRS element (for citing)
Phone9176089847PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$88,559CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$123,351CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$115,107CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29,739CurrentTaxYearMinus1YearAmt
Current Tax Year$109,028CurrentTaxYearAmt
Total$465,784TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$88,559CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$123,351CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$115,107CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29,739CurrentTaxYearMinus1YearAmt
Current Tax Year$109,028CurrentTaxYearAmt
Total$465,784TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$120,273SubstantialContributorsTotAmt
Public Support Total170$345,511PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$152CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$117CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,662CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$93CurrentTaxYearMinus1YearAmt
Current Tax Year$1,097CurrentTaxYearAmt
Total$3,121TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$4,125CurrentTaxYearAmt
Total$4,125TotalAmt
FieldValueIRS element (for citing)
Total Support$473,030TotalSupportAmt
Public Support CY1700.73040PublicSupportCY170Pct
Public Support PY1700.70730PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationMISC REVENUE - 2024 AMOUNT: $ 4,125.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST. AMOUNT: 1,097.
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: OTHER MISC. REVENUE. AMOUNT: 4,125.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: 5 RECIPIENTS. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 12/31/24. AMOUNT GIVEN: 18,700.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: BUSINESS INSURANCE. AMOUNT: 917. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 2,364. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 2,357. DESCRIPTION: OUTREACH & MARKETING. AMOUNT: 1,216. DESCRIPTION: SCHOLARSHIP SUPPORT. AMOUNT: 247. DESCRIPTION: TRAVEL. AMOUNT: 3,573. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 6,533. DESCRIPTION: TAXES AND LICENSES. AMOUNT: 170. TOTAL TO FORM 990-EZ, LINE 16: 17,377.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETSDESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -157,627. DESCRIPTION: PRIOR YEAR SCHOLARSHIP FORFEITURES. AMOUNT: -5,500. TOTAL TO FORM 990-EZ, LINE 20: -163,127.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 5,892. END OF YEAR AMOUNT: 5,625. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 6,214. DESCRIPTION: OTHER CURRENT ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,912.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 2,600. END OF YEAR AMOUNT: 4,369. DESCRIPTION: LOANS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 60,333. DESCRIPTION: GRANTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 66,180.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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