Latino Policy Forum
- Assets
- $3.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Chicago, IL
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 36-3676873
Organization Overview
Latino Policy Forum is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (I83) the organization is classified as: Public Interest Law, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Latino Policy Forum employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Policy Forum 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, Latino Policy Forum generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 10.9% 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
TO PROMOTE AND ADVOCATE FOR EQUITABLE PARTICIPATION AND ACCESS IN HOUSING AND OTHER PRIORITY AREAS FOR LATINOS IN THE CHICAGO METROPOLITAN REGION BY EFFECTING CHANGE IN PUBLIC AND PRIVATE POLICIES AND PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD EDUCATION - CLOSE THE EDUCATIONAL GAP OF LATINO CHILDREN BY PROMOTING POLICIES THAT IMPROVE ACCESS TO AND THE QUALITY OF EARLY CHILDHOOD EDUCATION PROGRAMS.
STRENGTHEN COMMUNITY AND MULTICULTURAL LEADERSHIP ACADEMY - SEEKS TO PROMOTE UNDERSTANDING AMONG AND BETWEEN LATINO AND NON-LATINO COMMUNITIES TO STRENGTHEN ALLIANCES AND FURTHER A COMMON AGENDA. THROUGH THIS WORK, THE FORUM AIMS TO STRENGTHEN LATINO LED ORGANIZATIONS; INCREASE SOCIAL SERVICE PROVISION TO LATINOS IN THE SUBURBS; AND DEVELOP A NETWORK OF EFFECTIVE LATINO LED/SERVING NONPROFITS IN THE CHICAGO REGION. THE FORUM COLLABORATES WITH VARIOUS PARTNERS TO EXECUTE THIS STRATEGY.
LATINO POLICY FORUM IS ACTING AS A FISCAL SPONSOR FOR IL UNIDOS, A CONSORTIUM OF OVER 70 LATINO ELECTED AND APPOINTED OFFICIALS, HEALTH PROFESSIONALS AND REPRESENTATIVES OF COMMUNITY-BASED ORGANIZATIONS WHOSE PURPOSE IS TO HIGHLIGHT AND ADDRESS THE CRITICAL NEED TO STOP THE COVID-19 CRISIS THAT IS DISPROPORTIONATLEY IMPACTIVE LATINOS IN ILLINOIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Abreu President | OfficerTrustee | 1 | $0 |
Maricela Garcia Past President | OfficerTrustee | 1 | $0 |
Juan Carlos Linares Treasurer | OfficerTrustee | 1 | $0 |
Edgar Ramirez Vice President | Trustee | 1 | $0 |
John Betancur Director | Trustee | 1 | $0 |
Robert Cabanelas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $250,014 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,056,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,306,849 |
| Total Program Service Revenue | $0 |
| Investment income | $6,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$43,857 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,292,613 |
| 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. | $224,276 |
| Compensation of current officers, directors, key employees. | $44,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,106,794 |
| Pension plan accruals and contributions | $32,254 |
| Other employee benefits | $114,507 |
| Payroll taxes | $96,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,159,544 |
| Advertising and promotion | $0 |
| Office expenses | $139,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,380 |
| Travel | $35,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,502 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,249,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,606 |
| Savings and temporary cash investments | $940,281 |
| Pledges and grants receivable | $109,340 |
| 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 | $23,496 |
| Net Land, buildings, and equipment | $9,531 |
| Investments—publicly traded securities | $2,235,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,500 |
| Total assets | $3,363,138 |
| Accounts payable and accrued expenses | $139,501 |
| 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 | $326,341 |
| Total liabilities | $465,842 |
| Net assets without donor restrictions | $2,547,842 |
| Net assets with donor restrictions | $349,454 |
| 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 | $3,363,138 |
Grants Awarded
Over the last fiscal year, Latino Policy Forum has awarded $530,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY FOCUS INC PURPOSE: ASSISTANCE FOR PAYMMENT OF FOOD VENDOR TO PROVIDE MEALS TO FAMILIES IMPACTED BY COVID-19 | $7,500 |
FAMILY INDEPENDENCE INITIATIVE PURPOSE: TO COMBAT THE EFFECTS OF COVID-19 IN UNDERSERVED COMMUNITIES. | $500,000 |
ONWARD NEIGHBORHOOD HOUSE PURPOSE: RESTAURANT AND FOOD DISTRIBUTION GRANT FOR COVID-19 RELIEF | $7,500 |
LINCOLN UNITED METHODIST CHURCH PURPOSE: TO HELP FEED 260 FAMILIES IN THE WAUKEGAN, ILLINOIS COMMUNITY DURING THE COVID CRISIS AND ALSO HELP A FAMILY OWNED LATINX BUSINESS THAT SUFFERED DURING THE COVID CRISIS. | $7,500 |
BRIGHTON PARK NEIGHBORHOOD COUNCIL PURPOSE: TO PROVIDE MEALS TO GO TO NEEDY FAMILIES FROM BRIGHTON PARK NEIGHBORHOOD COUNCIL AND GADS HILL CENTER. | $7,500 |