Public Charity

SPANISH AMERICAN MERCHANTS ASSOCIATION INC

SPANISH AMERICAN MERCHANTS ASSOCIATION INC is a Public Charity headquartered in HARTFORD, CT. Financial data from the 2024 filing: $1.4M revenue, $1.4M expenses, $565K total assets. 9 publicly reported grants to this organization, totaling roughly $3.2M, appear in IRS filings.

EIN: 061390672 HARTFORD, CT Latest filing: 2024
Total Revenue$1.4M
Total Expenses$1.4M
Total Assets$565K
Grant Records9
Funding Total$3.2M
Filing Years2019–2024

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 THE ECONOMIC PRINCIPALS. TECHNICAL ASSISTANCE IS PROVIDED TO PROMOTE BUSINESS EXPANSION, JOB CREATION AND NEW ENTREPRENEURSHIP.

Sample Grants Received

2023
PARTNER DISBURSEMENT RELATED TO DECD MINORITY SMALL BUSINESS PROGRAM
$929,467
2022
PARTNER DISBURSEMENT RELATED TO DECD MINORITY SMALL BUSINESS PROGRAM
$507,995
2021
PARTNER DISBURSEMENT RELATED TO DECD MINORITY SMALL BUSINESS PROGRAM
$399,214
2020
PARTNER DISBURSEMENT
$373,422
2019
PARTNER DISBURSEMENT.
$409,436

Showing up to 5 of 9 total records — full history available with membership.

Officers & Directors

DIRECTOR Alejandro Polanco
PRESIDENT Angel Sierra
SECRETARY Bobby Clark
DIRECTOR Carlos Valinho
DIRECTOR Cesar Jara
EXECUTIVE DI Julio Mendoza

Officer compensation and complete director data available with membership.

Top Grant Purposes

PARTNER DISBURSEMENT RELATED TO DECD MINORITY SMALL BUSINESS PROGRAM
$1,836,676 3 grants
PARTNER DISBURSEMENT.
$787,291 2 grants
PARTNER DISBURSEMENT
$373,422 1 grant
COMMY/ECON DEVEL OTHER COMMY/ECON
$200,000 2 grants
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.
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.4M $1.4M $565K
2023 $1.4M $1.2M $585K
2022 $1.2M $1.2M $424K
2020 $1.2M $1.1M $438K
2019 $1.0M $1.1M $426K

Between 2019 and 2024, reported annual revenue grew from $1.0M to $1.4M (+38%), with total assets most recently reported at $565K.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for SPANISH AMERICAN MERCHANTS ASSOCIATION INC

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