NonprofitsEl Centro Inc

Community Improvement & Capacity Building

El Centro Inc

NEW ORLEANS, LA

Total revenue

$816K

Total expenses

$451K

Net assets

$587K

Grants received

$890K

12 grants

EIN

824898926

Tax year

2024

Mission

To provide financial literacy and entrepreneurial training to people of color.

Programs

4 programs

VITA Latinx is the only Volunteer Income Tax Assistance Service (VITA) Site within 90 miles of the Greater New Orleans area offering all services in Spanish. In 2024, El Centro trained 19 volunteers at Delgado Community College and hosted multiple Super Sábado tax day events throughout the tax season. In 2024, El Centro prepared and electronically filed 325 2023 tax returns, bringing $291,213 worth of federal tax refunds directly to the eligible, low-to-moderate community members. El Centro tax services are available year round, with staff assisting with tax issues, responding to IRS communications, managing tax debt and payments, and other services as needed.

Expenses: $72K

Impúlsate is a 7-week business accelerator program for established businesses operating informally. Participants could choose from a construction and janitorial services track or a general business track. Attendees learned how to formalize their business legally, attract customers, create a digital presence, provide bids or estimates, comply with legal and insurance requirements, manage their cash flow, and hire or contract workers. They also learned the basics and benefits of obtaining government-validated certifications. This year, 37 participants graduated from the program across multiple cohorts, with graduation ceremonies held in July and October to recognize participants who completed the full curriculum and took concrete steps toward formalizing their businesses. The program successfully guided entrepreneurs through the process of transitioning from informal to formal business operations, providing them with the tools and knowledge needed to grow sustainably and access new market opportunities.

Expenses: $41K

Other programming includes Camino Financiero (Financial Road Map), an 8-week cohort-style program that educates clients in understanding credit, credit reports, and debt management and repayment strategies. It also provides basics for personal budgeting and building savings. The program pairs attendees with 2 or more personalized financial coaching appointments. In 2024, 44 participants graduated from Camino Financiero. Staff conducted comprehensive financial coaching that included reviewing credit reports and creating household budgets for graduates.

Expenses: $40K

Las Musas is a monthly workshop designed to empower and support women-owned businesses and entrepreneurs. The objective is to build a network of entrepreneurial women who support one another. This program provides information and access to resources from partner organizations, encourages women to pursue their dreams, and educates them on current trends affecting businesses. In 2024, there were 311 participants across workshops that covered topics including vision boarding, budgeting, self-care, homeownership panels, professional development, and networking events celebrating International Women in Business Month and Hispanic Heritage Month.

Expenses: $33K

Financials

FY 2024

Revenue

Contributions & grants$806K
Program service revenue
Investment income$17
Other revenue$11K
Total revenue$816K

Expenses

Grants paid
Salaries & benefits$311K
Fundraising$27K
Other expenses$140K
Total expenses$451K
Total assets$588K
Net assets$587K

People

6 listed

NameRoleCompensation

Lilly Fincher

President

Board

2 hrs/wk

Tawanna Hardy

Board Member

Board

1 hrs/wk

Heather McArthur

Secretary

Board

1 hrs/wk

Paris Pallais

Board Member

Board

2 hrs/wk

Kathleen Milligan

Treasurer

Board

2 hrs/wk

Lindsey Navarro

Executive Director

Staff

$70K

40 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
$250K
IN SUPPORT OF FINANCIAL HEALTH
2024
$15K
FINANCIAL CAPABILITY
2024
$100K
Jobs and Family Economic Security
2023
$100K
IN SUPPORT OF FINANCIAL HEALTH
2023
$100K
IN SUPPORT OF FINANCIAL HEALTH
2022
$100K
provide general operating support to help the organization achieve its mission of empowering Latinx individuals and entrepreneurs through financial literacy and entrepreneurial training in Spanish
2022
$50K
COMMUNITY IMPROVEMENT
2022
$35K
FINANCIAL CAPABILITY
2022
$90K
increase economic opportunities for small businesses owned by Latinx entrepreneurs by supporting technical assistance and business coaching to increase business sustainability and growth
2021
$40K
Small Business
2020
$8K
IMMIGRANT ASSISTANCE FUND - COMMUNITY BASED ORGANIZATION THAT HELPED FACILITATE IMMIGRANT ASSISTANCE PROGRAM
2020
$2K
RECOGNITION FOR SUBMITTING NOLA NEXTGEN APPLICATION
2020

Funded by

$890K from 6 funders · 12 grants · 2020–2024

Jpmorgan Chase Foundation

$450K · 3 grants · 2022–2024

WK Kellogg Foundation

$290K · 3 grants · 2021–2023

National Association For Latino

$90K · 3 grants · 2020–2024

The Greater New Orleans Foundation

$50K · 1 grant · 2022

Forward Together New Orleans

$8K · 1 grant · 2020

The Kresge Foundation

$2K · 1 grant · 2020

Details

EIN824898926
NTEE codeS02
Subsection03
Ruling date2018-05
Formed2018
Employees6
Volunteers55
EL CENTRO INC — Mission, Financials & Grants Received | Grantivo