Nonprofit · EIN 06-1390672
SPANISH AMERICAN MERCHANTS ASSOCIATION
Also known as SAMA-NEW HAVEN
Tax-exempt · HARTFORD, CT 06106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,409,028 | $1,421,574 | -$12,546 | $564,892 | $193,042 | $371,850 |
| December 31, 2023 | 990 | $1,442,731 | $1,173,073 | $269,658 | $584,625 | $200,229 | $384,396 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,440,925
- of which government grants
- $637,056
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- -$31,897
- Other revenue
- -$31,897
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $188,865
- Other salaries and wages
- $599,164
- Salaries, compensation and benefits (total)
- $1,019,843
- Professional fundraising fees
- $0
- Legal fees
- $3,738
- Accounting fees
- $7,500
- Occupancy
- $44,528
- Travel
- $1,892
- Depreciation
- $7,145
- Program services (functional)
- $1,272,625
- Management and general (functional)
- $148,949
Balance sheet and other
- Total assets, start of year
- $584,625
- Total assets, end of year
- $564,892
- Total liabilities, end of year
- $193,042
- Net assets, end of year
- $371,850
- Land, buildings and equipment
- $285,165
- Net assets without donor restrictions
- $371,850
- Gross receipts
- $1,517,725
- Employees
- 8
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIO MENDOZA | EXECUTIVE DI Officer | 40 | $188,865 |
| BOBBY CLARK | SECRETARY Trustee or director, Officer | – | $0 |
| RAMON FLORES | TRUSTEE/DIRE Trustee or director | – | $0 |
| STANLEY GUTT | DIRECTOR Trustee or director | – | $0 |
| CESAR JARA | DIRECTOR Trustee or director | – | $0 |
| MILTON LANTIGUA | DIRECTOR Trustee or director | – | $0 |
| LUIS MENENDEZ | DIRECTOR Trustee or director | – | $0 |
| ALEJANDRO POLANCO | DIRECTOR Trustee or director | – | $0 |
| NORMA RODRIGUEZ- REYES | DIRECTOR Trustee or director | – | $0 |
| SYDNEY SCHULMAN | DIRECTOR/LEG Trustee or director | – | $0 |
| ANGEL SIERRA | PRESIDENT Trustee or director, Officer | – | $0 |
| CARLOS VALINHO | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIO MENDOZA | EXECUTIVE DI Officer | 40 | $198,624 |
| CARLOS ALVAREZ | DIRECTOR Trustee or director | – | $0 |
| BOBBY CLARK | SECRETARY Trustee or director, Officer | – | $0 |
| RAMON FLORES | TRUSTEE/DIRE Trustee or director | – | $0 |
| STANLEY GUTT | DIRECTOR Trustee or director | – | $0 |
| FRANCISCO LANTIGUA | DIRECTOR Trustee or director | – | $0 |
| MILTON LANTIGUA | DIRECTOR Trustee or director | – | $0 |
| REINA LOPEZ | TREASURER Trustee or director, Officer | – | $0 |
| LUIS MENENDEZ | DIRECTOR Trustee or director | – | $0 |
| NORMA RODRIGUEZ- REYES | DIRECTOR Trustee or director | – | $0 |
| SYDNEY SCHULMAN | DIRECTOR/LEG Trustee or director | – | $0 |
| ANGEL SIERRA | PRESIDENT Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 95 PARK STREET, HARTFORD, CT 06106-2514
- Principal officer (990 for 2024)
- ANGEL SIERRA
- Signed the 990
- ANGEL SIERRA, PRESIDENT
- Return prepared by
- BENNETT & COMPANY PC
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.
Program accomplishments
- 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.Expenses $1,272,625
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1390672
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $564,892
- Income (IRS master file)
- $1,517,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,409,028 | $1,421,574 | $564,892 | IRS |
| 990 | December 2023 | $1,442,731 | $1,173,073 | $584,625 | XML |
| 990 | December 2022 | $1,185,908 | $1,194,162 | $423,643 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1390672).
Questions about SPANISH AMERICAN MERCHANTS ASSOCIATION
- What is the EIN of SPANISH AMERICAN MERCHANTS ASSOCIATION?
- The employer identification number (EIN) of SPANISH AMERICAN MERCHANTS ASSOCIATION is 06-1390672.
- Is SPANISH AMERICAN MERCHANTS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to SPANISH AMERICAN MERCHANTS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPANISH AMERICAN MERCHANTS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPANISH AMERICAN MERCHANTS ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPANISH AMERICAN MERCHANTS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPANISH AMERICAN MERCHANTS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names ANGEL SIERRA.
- Who are the officers and directors of SPANISH AMERICAN MERCHANTS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $188,865 (JULIO MENDOZA, EXECUTIVE DI).
- How much revenue does SPANISH AMERICAN MERCHANTS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,409,028, expenses of $1,421,574 and total assets of $564,892 at year end.
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