Latino Coalition Foundation
- Assets
- $544.5k
- Revenue
- $585.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2000
- Data as of
- 12/2021
- 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. 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 12/2021, Latino Coalition Foundation generated $585.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $176.1k during the year ending 12/2021. 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
2021
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 THERE WERE LIMITED PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecilia Rojas Chairwoman | OfficerTrustee | 10 | $0 |
Jeanette Pranger Secretary | OfficerTrustee | 2 | $0 |
Linda Lenza Board Member | Trustee | 2 | $0 |
Danny Vargas Board Member | Trustee | 5 | $0 |
Lynda Gonzalez-Chavez Board Member | Trustee | 2 | $0 |
Rafael Cuellar Board Member | Trustee | 2 | $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 | $585,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,400 |
| 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 | $585,923 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $120,493 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,829 |
| Advertising and promotion | $0 |
| Office expenses | $3,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,012 |
| Interest | $202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $176,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,083 |
| Savings and temporary cash investments | $502,088 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| 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 | $8,302 |
| Total assets | $544,473 |
| Accounts payable and accrued expenses | $2,192 |
| 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 | $122,900 |
| Total liabilities | $153,754 |
| Net assets without donor restrictions | $390,719 |
| 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 | $544,473 |
Grants Awarded
Over the last fiscal year, Latino Coalition Foundation has awarded $75,041 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Irvine, CA PURPOSE: Advance Latino Interests | $51,638 |
Washington, DC PURPOSE: Further goals of Hispanic Bus Com | $23,403 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Latino Coalition Foundation has recieved totaling $49,449.
| Awarding Organization | Amount |
|---|---|
The Latino Coalition Irvine, CA PURPOSE: Further the purpose of the organiza | $49,449 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership For Public Service Inc Washington, DC | $31,644,746 | $24,928,119 |
Economic Innovation Group Inc Washington, DC | $5,887,257 | $6,209,477 |
The Incentive Research Foundation Mclean, VA | $939,157 | $1,112,933 |
Justjobs Network Inc McLean, VA | $198,918 | $868,230 |
Employ America Washington, DC | $975,022 | $754,025 |
Latino Coalition Foundation Washington, DC | $544,473 | $585,923 |
Quantum Leaps Inc Alexandria, VA | $49,691 | $0 |
Enterprise Action Committee Arlington, VA | $2,541 | $0 |