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THE ESPERANZA EDUCATION FUND INC: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
THE ESPERANZA EDUCATION FUND INC (EIN 26-4035461)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202323199349204552
Schema version
2022v5.0
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)
Return2023-11-15T10:32:31-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Phone2026564673PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 27507AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20038ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANKIT PATELPersonNm
Person TitleBOARD SECRETARYPersonTitleTxt
Phone2026564673PhoneNum
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstANKITPersonFirstNm
Person LastPATELPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMEENA BISHNOIPreparerPersonNm
PTINP01480769PTIN
Phone4108840220PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

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$116,769GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$115,107ContributionsGiftsGrantsEtcAmt
Investment Income$1,662InvestmentIncomeAmt
Total Revenue$116,769TotalRevenueAmt
Grants And Similar Amounts Paid$74,375GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$54,773FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$3,427PrintingPublicationsPostageAmt
Other Expenses Total$5,443OtherExpensesTotalAmt
Total Expenses$138,018TotalExpensesAmt
Excess Or Deficit For Year-$21,249ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$218,824NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$197,575NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$254,428BOYAmt
EOY$252,322EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$30,846BOYAmt
EOY$13,119EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$285,274BOYAmt
EOY$265,441EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$66,450BOYAmt
EOY$67,866EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$218,824BOYAmt
EOY$197,575EOYAmt
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 2022, THE ESPERANZA EDUCATION FUND ("ESPERANZA") AWARDED COLLEGE SCHOLARSHIPS WORTH $74,375 TO 37 HIGH SCHOOL STUDENTS FROM D.C., MARYLAND AND VIRGINIA. THE STUDENTS OR THEIR PARENTS CAME FROM SEVERAL DIFFERENT COUNTRIES. ESPERANZA SELECTED THESE STUDENTS FROM OVER 500 APPLICANTS. ESPERANZA MATCHES EACH OF ITS SCHOLARS WITH A MENTOR (IF THE SCHOLAR DESIRES) TO SUPPORT THE SCHOLAR WITH COLLEGE AND CAREER ADVANCEMENT. ESPERANZA ALSO SUPPORTED STUDENTS BY PLANNING AND HOSTING VARIOUS COLLEGE & CAREER READINESS AND NETWORKING VIRTUAL EVENTS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$74,375GrantsAndAllocationsAmt
Program Service Expenses$77,594ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$77,594TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ASHLEY STEWART
MEMBER5.00$0$0$0
BREANNE PALMER
MEMBER2.00$0$0$0
SHANNON TRUDGE
MEMBER2.00$0$0$0
ABIGAIL OMOJOLA
BOARD CHAIR5.00$0$0$0
MARTENS ROC
TREASURER5.00$0$0$0
ANKIT PATEL
SECRETARY5.00$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 Line1PO BOX 27507AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20038ZIPCd
FieldValueIRS element (for citing)
Phone2026564673PhoneNum
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$164,150CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$108,547CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$88,559CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$123,351CurrentTaxYearMinus1YearAmt
Current Tax Year$115,107CurrentTaxYearAmt
Total$599,714TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$164,150CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$108,547CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$88,559CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$123,351CurrentTaxYearMinus1YearAmt
Current Tax Year$115,107CurrentTaxYearAmt
Total$599,714TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$141,272SubstantialContributorsTotAmt
Public Support Total170$458,442PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$150CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$152CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$117CurrentTaxYearMinus1YearAmt
Current Tax Year$1,662CurrentTaxYearAmt
Total$2,092TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$89CurrentTaxYearMinus3YearsAmt
Total$89TotalAmt
FieldValueIRS element (for citing)
Total Support$601,895TotalSupportAmt
Public Support CY1700.76170PublicSupportCY170Pct
Public Support PY1700.73210PublicSupportPY170Pct
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 - 2019 AMOUNT: $ 89.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 (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST. AMOUNT: 1,662.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: TUITION PAYMENTS. GRANTEE NAME: 37 RECIPIENTS. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 74,375.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: BUSINESS INSURANCE AND REGISTRATIONS. AMOUNT: 1,475. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 2,179. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 325. DESCRIPTION: OUTREACH & MARKETING. AMOUNT: 1,086. DESCRIPTION: SCHOLARSHIP SUPPORT. AMOUNT: 365. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 13. TOTAL TO FORM 990-EZ, LINE 16: 5,443.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 30,846. END OF YEAR AMOUNT: 13,119.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: SBA LOAN. BEG. OF YEAR AMOUNT: 54,300. END OF YEAR AMOUNT: 54,300. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 12,150. END OF YEAR AMOUNT: 13,566.

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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