Institute For Latino Progress
- Assets
- $22.3m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 271
- Location
- Chicago, IL
- Founding
- 09/1977
- Data as of
- 06/2024
- EIN
- 36-2937375
Organization Overview
Institute For Latino Progress is located in Chicago, IL. The organization was established in 1977. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2024, Institute For Latino Progress employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Latino Progress 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 06/2024, Institute For Latino Progress generated $22.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $23.6m during the year ending 06/2024. While expenses have increased by 12.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CHARTER SCHOOLS, CAREER PATHWAYS, ADULT EDUCATION, CITIZENSHIP, AND YOUTH DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTO HEALTH SCIENCES CAREER ACADEMY, LLC AND INSTITUTO JUSTICE AND LEADERSHIP ACADEMIES, LLC ARE CHARTER SCHOOLS OWNED AND OPERATED BY INSTITUTE FOR LATINO PROGRESS.
THE MISSION OF INSTITUTO COLLEGE IS TO PROVIDE AN ENRICHED LEARNING ENVIRONMENT WHERE STUDENTS HAVE THE OPPORTUNITY TO EARN PRACTICAL CREDENTIALS AND DEGREES BASED ON INDUSTRY STANDARDS THAT ENABLE THEM TO DEVELOP THEIR SKILLS, BECOMING LIFELONG LEARNERS, AND CONTRIBUTE TO THE OVERALL VITALITY OF THEIR COMMUNITIES. THE INSTITUTE OPERATES THE LARGEST CITIZENSHIP PROGRAM IN ILLINOIS AND PROCESSES CITIZENSHIP N-400 APPLICATIONS FOR OVER 2,000 INDIVIDUALS PER YEAR. THE ORGANIZATION PROVIDES CITIZENSHIP EDUCATION TO 550 STUDENTS WITH AN 8 WEEK INCENTIVE COURSE TO PASS THE INS EXAM.
CAREER PATHWAYS IS COMPOSED OF FOUR DEPARTMENTS: MANUFACTURING WORKS, MANUFACTURING TRAINING, CWF, AND CES. THE DEPARTMENTS ARE WORKING WITH APPROXIMATELY 5,000 INCUMBENT AND OUT OF WORK LABORERS AND OVER 200 BUSINESSES TO PROVIDE JOB SKILLS TRAININGS, CONTEXTUALIZED VOCATIONS, ENGLISH CLASSES, AND JOBS. CES PROVIDES A UNIQUE APPROACH TO CAREER PATHWAY PROGRAMMING DESIGNED TO TRAIN AND SUPPORT INDIVIDUALS AT EACH LEVEL OF ENTRY - SERVING 230 PARTICIPANTS IN LOWER BRIDGE PROGRAMS (ESL, WESL, PRE-LPN) AND 170 PLACEMENTS IN OCCUPATIONAL PROGRAMS (CNA, LPNS, RNS). THE COMPUTER INFORMATION TECHNOLOGY (CIT) PROGRAM INCLUDES: COMPUTERS EN ESPANOL (CEE), DESIGNED TO PROVIDE BASIC COMPUTER SKILLS IN SPANISH; INTRODUCTION TO COMPUTER REPAIR (A+); ELECTRONIC HEALTHCARE RECORD MANAGEMENT, DESIGNED TO TEACH STUDENTS TO CONVERT MEDICAL RECORDS FROM PAPER TO DIGITAL FORMAT. THE YOUTH DEVELOPMENT DEPARTMENT (YDD) SERVES APPROXIMATELY 300 YOUTH AGES 8-24 EVERY YEAR. YDD PROVIDES BILINGUAL AND BICULTURAL SERVICES TO YOUTH AND THEIR FAMILIES IN THE PILSEN, LITTLE VILLAGE, AND BACK OF THE YARDS NEIGHBORHOODS. THE DEPARTMENT HAS FOUR SIGNATURE PROGRAMS - KEY, EARLY ESCALERA, ESCALERA AND AMERICORPS. THE SERVICES FOCUS ON ACADEMIC ASSISTANCE AND CAREER EXPLORATION, WHILE INCORPORATING CIVIC ENGAGEMENT, LIFE SKILLS, AND PERSONAL DEVELOPMENT INTO THE CURRICULUM. PROGRAM PARTICIPANTS PRESENT A WIDE VARIETY OF NEEDS INCLUDING, BUT NOT LIMITED TO, RESIDING IN ECONOMICALLY DISADVANTAGED HOUSEHOLDS, MEMBERS OF MIXED STATUS FAMILIES, ENGLISH LANGUAGE LEARNERS. PERFORMING BELOW ACADEMIC GRADE LEVEL AND MAY ALSO HAVE LITTLE FAMILY SUPPORT.
THE ADULT EDUCATION DEPARTMENT IS INSTITUTO'S LARGEST SINGLE SERVICE CENTER, SERVING 1200 INDIVIDUALS ANNUALLY IN ESL, GED, AND SPANISH LITERACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julieta Lamalfa Treasurer | OfficerTrustee | 1 | $0 |
Melissa Pillars Co-Vice Chair | OfficerTrustee | 1 | $0 |
Jesus Gonzalez Co-Vice Chair | OfficerTrustee | 1 | $0 |
Reina Goodman Chair | OfficerTrustee | 1 | $0 |
Derek Beckmann Director | Trustee | 1 | $0 |
Denise Lam Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quatrro Fpo Solutions Accounting | 6/29/23 | $517,110 |
Cobalt Robotics Inc Security Services | 6/29/23 | $411,817 |
Fox Rothschild Llp Legal Services | 6/29/23 | $302,982 |
Xerox Financial Services Printer And Copier Leasing Service | 6/29/23 | $202,506 |
Pkf Mueller & Co Llp Audit And Tax Services | 6/29/23 | $105,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $257,192 |
| Related organizations | $0 |
| Government grants | $18,137,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,680,683 |
| Noncash contributions included in lines 1a–1f | $840,542 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,075,757 |
| Total Program Service Revenue | $148,515 |
| 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 | -$72,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,218,516 |
| 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. | $350,541 |
| Compensation of current officers, directors, key employees. | $49,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,845,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,995,305 |
| Payroll taxes | $546,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,279,957 |
| Fees for services: Accounting | $650,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,242,102 |
| Advertising and promotion | $0 |
| Office expenses | $248,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,000,061 |
| 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 | $2,542,352 |
| Insurance | $0 |
| All other expenses | $342,830 |
| Total functional expenses | $23,588,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,701,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,678,723 |
| Accounts receivable, net | $338,919 |
| 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 | $103,618 |
| Net Land, buildings, and equipment | $16,181,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,319,138 |
| Total assets | $22,323,534 |
| Accounts payable and accrued expenses | $1,792,685 |
| Grants payable | $0 |
| Deferred revenue | $303,742 |
| 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 | $6,575,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,023,945 |
| Total liabilities | $10,696,167 |
| Net assets without donor restrictions | $10,496,696 |
| Net assets with donor restrictions | $1,130,671 |
| 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 | $22,323,534 |