EIN 06-1390672

Spanish American Merchants Association

Name: Spanish American Merchants Association financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Hartford

State

Connecticut

Year formed

1994

Most recent tax filings

2022-12-01

NTEE code, primary

S41: Promotion of Business

Description

The Spanish American Merchants Association (SAMA) is a non-profit organization incorporated in the state of Connecticut. Its mission is to serve as a vehicle for the economic growth of businesses, especially Latinos, by assisting them in acquiring a better understanding of business and economic principles. SAMA's technical assistance program was designed to help small business owners and entrepreneurs in various aspects, from filling out applications to preparing professional business plans. SAMA is located in Hartford, CT.

Also known as...

Sama-New Haven

Total revenues

$1,185,908

2022

Total expenses

$1,194,162

2022

Total assets

$423,643

2022

Num. employees

2022

Program areas at Spanish American Merchants Association

Technical assistance program was designed to assist the small business owners and entrepreneurs in a variety of areas from filling out an application to preparing a professional business plan. Many of the small business owners do not have the knowledge of city, state and federal guidelines for business ownership. Through the technical assistance program, they are able to understand and apply those principals. The organization also provides computer training to enhance the knowledge of its Merchants.

Who funds Spanish American Merchants Association

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Hartford Economic Development Corporation (HEDCO)	2023-05	Partner Disbursement Related To Decd Minority Small Business Program	$507,995

Personnel at Spanish American Merchants Association

Name	Title	Compensation	Date of data
Julio Mendoza	Executive Director	$187,986	2022-12-31
Angel Sierra	President	$0	2023-11-15
Reina Lopez	Treasurer	$0	2022-12-31
Bobby Clark	Secretary	$0	2022-12-31

Financials for Spanish American Merchants Association

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$1,196,180	$1,214,829	-1.5%
Program services	$0	$0	-
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$-10,272	$19,106	-153.8%
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$1,185,908	$1,233,935	-3.9%

Form 990s for Spanish American Merchants Association

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-14	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-04-01	990	View PDF
2018-12	2020-02-14	990	View PDF
...and 9 more Form 990s

Organizations like Spanish American Merchants Association

Organization	Type	Location	Revenue
Latino Business Foundation Silicon Valley	501(c)(3)	San Jose, CA	$637,138
Epicurean Charitable Foundation	501(c)(3)	Las Vegas, NV	$547,762
Hispanic Business Initiative Fund	501(c)(3)	Orlando, FL	$4,183,260
Avanzando Juntos Corporation	501(c)(3)	Tulsa, OK	$1,285,220
Northwest Native Chamber	501(c)(3)	Portland, OR	$3,278,508
Hispanic Metropolitan Chamber of Commerce (HMCC)	501(c)(3)	Portland, OR	$1,417,696
Greater Philadelphia Hispanic Chamber of Commerce	501(c)(3)	Philadelphia, PA	$1,051,305
Latino Business Action Network (LBAN)	501(c)(3)	San Jose, CA	$2,061,825
Pittsburgh Hispanic Development Corporation	501(c)(3)	Pittsburgh, PA	$705,647
Latino Ent Network of SEW	501(c)(3)	Milwaukee, WI	$370,587

Data update history

May 18, 2024

Received grants

Identified 1 new grant, including a grant for $507,995 from Hartford Economic Development Corporation (HEDCO)

January 22, 2024

Posted financials

Added Form 990 for fiscal year 2022

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 23, 2023

Received grants

Identified 2 new grant, including a grant for $399,214 from Hartford Economic Development Corporation (HEDCO)

July 1, 2023

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Civic / social organizationsBusiness and community development organizationsCharities

Issues

HispanicBusiness and industry

Characteristics

Receives government fundingFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations

General information

Address: 95 Park St; Hartford, CT 06106
Metro area: Hartford-East Hartford-Middletown, CT
County: Capitol Planning Region, CT
Website URL: samact.org/

IRS details

EIN: 06-1390672
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1994
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S41: Promotion of Business
NAICS code, primary: 813410: Civic and Social Organizations
Parent/child status: Independent

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Spanish American Merchants Association

Program areas at Spanish American Merchants Association

Who funds Spanish American Merchants Association

Personnel at Spanish American Merchants Association

Financials for Spanish American Merchants Association

Form 990s for Spanish American Merchants Association

Organizations like Spanish American Merchants Association

Nonprofits

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