NonprofitsSpanish American Merchants Association

Spanish American Merchants Association

HARTFORD, CT

Total revenue

$1.4M

Total expenses

$1.4M

Net assets

$372K

Grants received

$3.0M

8 grants

EIN

061390672

Tax year

2024

Mission

Sama is a non-profit organization incorporated in the state of connecticut to serve as a vehicle for the economic growth of businesses. Sama was created to assist business people, in particular, latinos, to acquire a better understanding of business principals. Technical assistance is provided to promote business expansion, job creation and new entepreneurship.

Financials

FY 2024

Revenue

Contributions & grants$1.4M
Program service revenue
Investment income
Other revenue
Total revenue$1.4M

Expenses

Grants paid
Salaries & benefits$1.0M
Fundraising
Other expenses$402K
Total expenses$1.4M
Total assets$565K
Net assets$372K

People

12 listed

NameRoleCompensation

JULIO MENDOZA

EXECUTIVE DI

Board

$189K

40 hrs/wk

BOBBY CLARK

SECRETARY

Board

RAMON FLORES

TRUSTEE/DIRE

Board

STANLEY GUTT

DIRECTOR

Board

CESAR JARA

DIRECTOR

Board

MILTON LANTIGUA

DIRECTOR

Board

LUIS MENENDEZ

DIRECTOR

Board

ALEJANDRO POLANCO

DIRECTOR

Board

NORMA RODRIGUEZ- REYES

DIRECTOR

Board

SYDNEY SCHULMAN

DIRECTOR/LEG

Board

ANGEL SIERRA

PRESIDENT

Board

CARLOS VALINHO

DIRECTOR

Board

Grants received

Showing 8 of 8

FromAmountPurposeYear
$929K
PARTNER DISBURSEMENT RELATED TO DECD MINORITY SMALL BUSINESS PROGRAM
2023
$508K
PARTNER DISBURSEMENT RELATED TO DECD MINORITY SMALL BUSINESS PROGRAM
2022
$5K
TO SUPPORT THE WORK OF THE SPANISH AMERICAN MERCHANTS ASSOCIATION
2022
$399K
PARTNER DISBURSEMENT RELATED TO DECD MINORITY SMALL BUSINESS PROGRAM
2021
$373K
PARTNER DISBURSEMENT
2020
$409K
PARTNER DISBURSEMENT.
2019
$378K
PARTNER DISBURSEMENT.
2018
$10K
Spanish American Merchants Association (SAMA) is dedicated to assist business people, in particular Latinos, to acquire a better understanding of economic principles. SAMA provides technical assistance to promote business expansion, job creation and new entrepreneurship.
2017

Funded by

$3.0M from 3 funders · 8 grants · 2017–2023

Hedco Inc

$3.0M · 6 grants · 2018–2023

Hartford Hospital

$10K · 1 grant · 2017

Liberty Bank Foundation Inc

$5K · 1 grant · 2022

Details

EIN061390672
Subsection03
Ruling date1994-11
Employees8
SPANISH AMERICAN MERCHANTS ASSOCIATION — Mission, Financials & Grants Received | Grantivo