Public Charity

SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTITUTE

Based in CHARLOTTE, NC, SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTITUTE operates as a Public Charity. The organization reported $2.6M in revenue, $583K in expenses, $5.9M in total assets for fiscal year 2024. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $210K.

EIN: 854310103 CHARLOTTE, NC Employment N.E.C. NTEE: J99 Latest filing: 2024
Total Revenue$2.6M
Total Expenses$583K
Total Assets$5.9M
Grant Records2
Funding Total$210K
Filing Years2022–2024

Mission

TO DEVELOP AND PROVIDE EDUCATIONAL PROGRAMMING DESIGNED TO RETOOL, EQUIP, AND EDUCATE HISPANIC ENTREPRENEURIAL AND START-UP COMMUNITY IN THE CHARLOTTE, NC REGION, INCLUDING THOSE SEEKING JOB SKILLS TO OBTAIN GOOD EMPLOYMENT WITH A LOCAL COMPANY.

Where $100 goes at Spark Centro Inc Formerly Latin Amer Chamber of Comm of Clt Institute

How Spark Centro Inc Formerly Latin Amer Chamber of Comm of Clt Institute divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.

$75 Programs the work itself
$25 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $75 for programs

$38
Educational programming:provide educational services to address various stages of start up/entrepreneur growth, with a goal of helping local entrepreneurial ventures increase their capacity to service corporate and local…
50% of program spending
$37
Mentorship program:professional mentors provide leadership to individuals enrolled in each program offering professional and personal development
About 50% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CFO Badih Arana
BOARD MEMBER Danilo Formolo
SECRETARY Erlan Martinez
BOARD MEMBER Federico Carballo
OUTGOING - PRESIDENT & CEO Griselda Bailey
BOARD MEMBER Ivan Diaz-Campos

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$200,000 1 grant
Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.6M $583K $5.9M
2023 $2.2M $560K $1.9M
2022 $227K $104K $314K

Between 2022 and 2024, reported annual revenue grew from $227K to $2.6M (+1028%), with total assets most recently reported at $5.9M.

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

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