Latino Coalition Foundation
- Assets
- $317.9k
- Revenue
- $157.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 31-1695419
Organization Overview
Latino Coalition Foundation is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (J05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Employment and related organizations. As of 12/2023, Latino Coalition Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Coalition Foundation 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, Latino Coalition Foundation generated $157.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $293.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO COVID RECOVERY THERE WERE LIMITED PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecilia Rojas Chairwoman | OfficerTrustee | 10 | $0 |
Jeanette Prenger Secretary | OfficerTrustee | 2 | $0 |
Rafael Cueller Board Member | Trustee | 2 | $0 |
Lynda Gonzalez-Chavez Board Member | Trustee | 2 | $0 |
Linda Lenza Board Member | Trustee | 2 | $0 |
Danny Vargas Board Member | Trustee | 5 | $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 | $155,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,800 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $157,480 |
| 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 | $101,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $88,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $5,011 |
| Office expenses | $9,939 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,525 |
| Interest | $316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $293,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,584 |
| Savings and temporary cash investments | $45,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,600 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,633 |
| Total assets | $317,892 |
| Accounts payable and accrued expenses | $4,199 |
| 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 | $28,662 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,260 |
| Total liabilities | $146,121 |
| Net assets without donor restrictions | $171,771 |
| Net assets with donor restrictions | $0 |
| 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 | $317,892 |
Grants Awarded
Over the last fiscal year, Latino Coalition Foundation has awarded $75,041 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HISPANIC BUS ROUNDTABLE INST PURPOSE: Further goals of Hispanic Bus Com | $23,403 |
THE LATINO COALITION INC PURPOSE: Advance Latino Interests | $51,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership For Public Service Inc Washington, DC | $45,072,885 | $24,721,568 |
Economic Innovation Group Inc Washington, DC | $5,972,654 | $5,211,631 |
The Incentive Research Foundation Mclean, VA | $885,617 | $1,341,040 |
Employ America Washington, DC | $937,256 | $756,726 |
Justjobs Network Inc McLean, VA | $192,982 | $342,959 |
Latino Coalition Foundation Washington, DC | $317,892 | $157,480 |
Quantum Leaps Inc Alexandria, VA | $49,691 | $0 |
Enterprise Action Committee Arlington, VA | $0 | $0 |