Centro Latino Of Iowa
- Assets
- $53.3k
- Revenue
- $246.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Council Bluffs, IA
- Founding
- 10/2005
- Data as of
- 12/2023
- EIN
- 20-2931001
Organization Overview
Centro Latino Of Iowa is located in Council Bluffs, IA. The organization was established in 2005. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, Centro Latino Of Iowa employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Latino Of Iowa 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 12/2023, Centro Latino Of Iowa generated $246.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $311.6k during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE AND EMPOWER HISPANIC/LATINO INDIVIDUALS AND FAMILITES TOWARDS THRIVING, SELF-SUFFICIENT, AND HEALTHY LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPACITY BUILDING
FINANCIAL STABILITY AND COMMUNITY OUTREACH FAMILY SUPPORT SERVICES - WITH 20 YEARS OF SERVICE, CENTRO LATINO OF IOWA (CLI) CONTINUES TO SUPPORT THE HISPANIC COMMUNITY OF SOUTHWEST IOWA TO GAIN EQUITABLE ACCESS TO LOCAL SOCIAL AND ECONOMIC OPPORTUNITIES FOR ADVANCEMENT. CLI PROVIDES CULTURALLY COMPETENT AND LANGUAGE ACCESSIBLE RESOURCE NAVIGATION AND CASE MANAGEMENT SERVICES. OUR COMMUNITY OUTREACH AND ADVOCACY CONTINUE TO PROVIDE DIRECT SUPPORT TO FAMILIES THROUGH INTENSE HELP WITH NAVIGATING THE SOCIAL SYSTEMS THROUGH THE FOLLOWING: FILLING-OUT APPLICATIONS, SETTING-UP APPOINTMENTS, TRANSLATING DOCUMENTS, INTERPRETING DURING INTERVIEWS, AND MAKING AND FOLLOW-UP REFERRALS. ORGANIZATIONS APPROACHED INCLUDE LOCAL GOVERNMENT AND NON-PROFIT AGENCIES SUCH AS THE DEPARTMENT OF HUMAN SERVICES (MEDICARE, SSI, DHS), THE MUNICIPAL HOUSING AUTHORITY, POTTAWATTAMIE COUNTY HEALTH DEPARTMENT, POTTAWATTAMIE COUNTY CLERK, IOWA WORKFORCE AND MANY OTHER NON-PROFITS AND COLLABORATIVE PARTNERS.
ADULT EDUCATION - OUR VISION IS TO BUILD A SUSTAINABLE, THRIVING GATHERING PLACE THAT SUPPORTS THE WHOLE PERSON WHERE EVERYONE IS WELCOME. CLI CELEBRATES OUR CLIENTS' SUCCESSES WHEN THEY ACQUIRE ENGLISH SKILLS THROUGH OUR ENGLISH AS SECOND LANGUAGE (ESL) PROGRAM, GRADUATE FROM HIGH SCHOOL BY OBTAINING THEIR HIGH SCHOOL EQUIVALENCY TEST (HISET) CERTIFICATE OR BECOME US CITIZENS AFTER PARTICIPATING IN OUR US NATURALIZATION CLASSES. ADULT EDUCATION ALSO INCLUDES FINANCIAL LITERACY CLASSES IN PARTNERSHIP WITH BRIDGES OUT OF POVERTY AND VERIDIAN CREDIT UNION, HOSTING AMERICORPS RISE MEMBERS WHO LEARN HOW TO EFFECTIVELY ENGAGE IN A BUSINESS SETTING AND ENTREPRENEURSHIP CLASSES WHERE INDIVIDUALS AND FAMILIES LEARN BUSINESS STRATEGIES TO BEGIN THEIR OWN BUSINESSES.
FINANCIAL STABILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norma B Jordan Board Member | Trustee | 1 | $0 |
Shannon L Putney Board Member | Trustee | 1 | $0 |
Hector L Santiago Board Member | Trustee | 1 | $0 |
Maria Torres Board Member | Trustee | 1 | $0 |
Kelly Diane Towne Board Member | Trustee | 1 | $0 |
Aurora A DE La Cruz Board Chairp | Officer | 1 | $0 |
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 | $232,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,864 |
| Total Program Service Revenue | $12,421 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,098 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,929 |
| 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 | $167,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,081 |
| Payroll taxes | $12,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,713 |
| Advertising and promotion | $383 |
| Office expenses | $178 |
| Information technology | $10,623 |
| Royalties | $0 |
| Occupancy | $41,632 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,797 |
| All other expenses | $1,275 |
| Total functional expenses | $311,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $127 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,326 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,400 |
| Total liabilities | $7,400 |
| Net assets without donor restrictions | -$352,208 |
| Net assets with donor restrictions | $398,134 |
| 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 | $53,326 |