Voto Latino Foundation Inc
- Assets
- $6.4m
- Revenue
- $8.2m
- Investments
- $1.0m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 20-1350252
Organization Overview
Voto Latino Foundation Inc is located in Washington, DC. The organization was established in 2006. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voto Latino Foundation 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 12/2022, Voto Latino Foundation Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $5.4m during the year ending 12/2022. While expenses have increased by 13.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
VOTO LATINO IS A NONPARTISAN ORGANIZATION THAT EDUCATES AND EMPOWERS A NEW GENERATION OF LATINO VOTERS, ULTIMATELY GUIDING THE LATINO COMMUNITY TOWARDS FULL REALIZATION OF ITS POLITICAL POWER AND CREATING A MORE ROBUST AND INCLUSIVE DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC ENGAGEMENT: VOTO LATINO FOUNDATION ORGANIZES YEAR-ROUND TO ENERGIZE YOUNG LATINO PEOPLE, AMPLIFY THEIR VOICES, AND WIELD THEIR POWER AT THE BALLOT BOX AND BEYOND. ALTHOUGH VOTO LATINO FOUNDATION IS A DIGITAL-FIRST ORGANIZATION, IT ALSO PRODUCES YEAR-ROUND PROGRAMMING TO INCREASE CIVIC EDUCATION AND ENGAGEMENT IN THE LATINO COMMUNITY.THROUGH VOTER EDUCATION AND REGISTRATION, AND GET OUT THE VOTE EFFORTS, THE FOUNDATION ENCOURAGES ITS AUDIENCE OF YOUNG LATINOS TO MAKE THEIR VOICES HEARD IN THE POLITICAL PROCESS.
VLF IMPACT COUNCIL: IN 2021, VOTO LATINO FOUNDATION LAUNCHED THE VLF IMPACT COUNCIL, A NATIONAL GROUP WITH THE OBJECTIVE OF HARNESSING THE POWER OF MAJOR BRANDS, CELEBRITIES, POLITICIANS, AND INFLUENCERS WITH HUNDREDS OF MILLIONS OF SOCIAL MEDIA FOLLOWERS ACROSS INDUSTRIES AND SECTORS TO EDUCATE, ENGAGE, AND EMPOWER THE LATINO COMMUNITY. THE IMPACT COUNCIL IS COMPOSED OF 267 PARTNERS WHO ACTIVELY PARTICIPATED IN AMPLIFYING AND EXTENDING THE FOUNDATION'S REACH. THE IMPACT COUNCIL CENTERED AROUND FOUR KEY ACTIVATIONS: RISE ABOVE HATE, LATINO HERITAGE MONTH, NATIONAL VOTER REGISTRATION DAY, AND #PLEDGETOVOTE.
EVENTS: VOTO LATINO FOUNDATION HELD A SERIES OF EVENTS THROUGHOUT THE YEAR, SCHEDULED STRATEGICALLY TO BUILD MOMENTUM AND START A NATIONAL DIALOGUE ABOUT IMPORTANT ISSUES IN CONGRUENCE WITH VLF'S DIGITAL OUTREACH TO EDUCATE AND MOTIVATE YOUNG LATINO VOTERS TO BE CIVICALLY ENGAGED. THESE EVENTS INCLUDED THE ANNUAL POWER SUMMIT, OUR VOICES, AND SUMMER OF ACTION.
LEADERSHIP DEVELOPMENT: THROUGH LEADERSHIP PROGRAMS SUCH AS THE POWER SUMMIT CONFERENCE, VOTO LATINO FOUNDATION CONNECTS YOUNG LATINOS WITH THOUGHT LEADERS, ELECTED OFFICIALS, AND INDUSTRY EXPERTS TO NETWORK AND PROVIDE THE TOOLS THEY NEED TO BECOME CHANGEMAKERS IN THEIR COMMUNITIES. IN 2022, THE CONFERENCE INCLUDED LEADERSHIP TOPICS SUCH AS UNDERSTANDING FINANCES, CLIMATE CHANGE, GUN VIOLENCE PREVENTION, AND DISABILITY JUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Teresa Kumar President And CEO | OfficerTrustee | 28 | $0 |
Rosario Dawson Board Member | Trustee | 1 | $0 |
Brandon Hernandez Chair | OfficerTrustee | 1 | $0 |
Alfredo Vidal Secretary | OfficerTrustee | 1 | $0 |
Eve O'toole Board Member | Trustee | 1 | $0 |
America Ferrara Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deliver Strategies Llc Communications | 12/30/22 | $993,220 |
Rising Tide Interactive Digital Strategy | 12/30/22 | $985,000 |
True Blue Media Inc Marketing | 12/30/22 | $275,000 |
The Movement Cooperative Technology Infrastructure | 12/30/22 | $122,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,167,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,167,307 |
| Total Program Service Revenue | $0 |
| Investment income | $13,678 |
| 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 | $8,180,985 |
| 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. | $245,000 |
| Compensation of current officers, directors, key employees. | $56,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,311 |
| Payroll taxes | $56,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,897 |
| Fees for services: Accounting | $142,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $495,641 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,293,612 |
| Advertising and promotion | $0 |
| Office expenses | $49,592 |
| Information technology | $36,328 |
| Royalties | $0 |
| Occupancy | $72,832 |
| Travel | $95,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,920 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,549 |
| Insurance | $292 |
| All other expenses | $0 |
| Total functional expenses | $5,425,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,949,983 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,436,973 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,612 |
| Net Land, buildings, and equipment | $11,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,017,092 |
| Investments—program-related | $0 |
| Intangible assets | $23,036 |
| Other assets | $0 |
| Total assets | $6,449,831 |
| Accounts payable and accrued expenses | $889,563 |
| 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 | $85,478 |
| Total liabilities | $975,041 |
| Net assets without donor restrictions | $4,182,817 |
| Net assets with donor restrictions | $1,291,973 |
| 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 | $6,449,831 |
Grants Awarded
Over the last fiscal year, Voto Latino Foundation Inc has awarded $103,543 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE DALLAS FOUNDATION PURPOSE: GENDERAL PURPOSE- MATCH FOR SCIENCE | $42,043 |
MISSION ASSET FUND PURPOSE: TO SUPPORT IMMIGRANT NEIGHBOR FUND | $61,500 |