Center For Latino Progress Connecticut Puerto Rican Forum Inc
- Assets
- $998.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Hartford, CT
- Founding
- 06/1994
- Data as of
- 06/2022
- EIN
- 06-1385027
Organization Overview
Center For Latino Progress Connecticut Puerto Rican Forum Inc is located in Hartford, CT. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Center For Latino Progress Connecticut Puerto Rican Forum Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Latino Progress Connecticut Puerto Rican Forum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Center For Latino Progress Connecticut Puerto Rican Forum Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND CREATE JOB OPPORTUNITIES FOR MINORITIES IN THE GREATER HARTFORD, CT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE AND CREATE JOB OPPORTUNITIES FOR MINORITIES IN THE GREATER HARTFORD AREA.
YOUTH SERVICES PROGRAM: THE CENTER PARTNERS WITH CAPITAL WORKFORCE PARTNERS TO PROVIDE HARTFORDS YOUTH THE SUMMER YOUTH EMPLOYMENT AND LEARNING PROGRAM. THIS PROGRAM IS A TIER STRUCTURED 5-6 WEEK, SUMMER WORK AND LEARN EXPERIENCE IN JULY AND AUGUST DESIGNED FOR STUDENTS BETWEEN GRADES 8 AND 12. THROUGH A STRUCTURED, TIERED APPROACH TO LEARNING AND WORKING, THE FUTURE WORKFORCE IS BETTER EQUIPPED TO BE SUCCESSFUL IN SECONDARY EDUCATION AND CAREER.
BICI CO. PROGRAM, IMPROVES YOUTH AND ADULT SAFETY, WHILE ALSO INCREASING OUR COMMUNITYS MOBILITY AND ACCESS TO JOBS. BICI IS THE SPANISH NICKNAME FOR BICICLETA (BICYCLE) AND CO. REPRESENTS OUR COMUNIDAD (COMMUNITY). LOCATED AT 95-97 PARK STREET AT THE EDGE OF DOWNTOWN, BICI CO. IS A BIKE STOREFRONT AND WELCOMING SPACE FOR BOTH ENTHUSIASTS AND THE BICYCLE CURIOUS. BICI CO. HAS EXPANDED TO INCLUDE YEAR-ROUND PROGRAMS AND SERVICES FOR ADULTS AND YOUTH INCLUDING A FULLY FUNCTIONING BIKE SHOP STOREFRONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julio Casiano Chairman | OfficerTrustee | $0 | |
Douglas Mcintosh Secretary | OfficerTrustee | $0 | |
Dulcidio Echevarria Director | Trustee | $0 | |
Luis Rivera Director | Trustee | $0 | |
Lb Munoz Director | Trustee | $0 | |
Arleen Cohen Executive Di | Officer | 40 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $905,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,005,200 |
| Total Program Service Revenue | $117,920 |
| Investment income | $715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,123,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $525,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,721 |
| Payroll taxes | $41,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,166 |
| Office expenses | $4,978 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,131 |
| Insurance | $17,542 |
| All other expenses | $29,306 |
| Total functional expenses | $1,140,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,422 |
| Savings and temporary cash investments | $560,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,970 |
| Prepaid expenses and deferred charges | $2,488 |
| Net Land, buildings, and equipment | $171,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $998,349 |
| Accounts payable and accrued expenses | $20,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $76,109 |
| Total liabilities | $96,707 |
| Net assets without donor restrictions | $868,642 |
| Net assets with donor restrictions | $33,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $998,349 |