Latinos Progresando
- Assets
- $8.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Chicago, IL
- Founding
- 10/2000
- Data as of
- 06/2023
- EIN
- 36-4355072
Organization Overview
Latinos Progresando is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Latinos Progresando employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latinos Progresando 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 06/2023, Latinos Progresando generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 20.4% 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.
Since 2020, Latinos Progresando has awarded 68 individual grants totaling $1,535,880. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER HIGH QUALITY INFORMATION AND RESOURCES FOR PEOPLE TO BUILD SECURE, HEALTHY AND PRODUCTIVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGAL SERVICES: THE LEGAL SERVICES PROGRAM PROVIDES AFFORDABLE, PROFESSIONAL LEGAL IMMIGRATION SERVICES AND EDUCATION ON THE IMMIGRATION SYSTEM, AS WELL AS FREE AND LOW-COST ASSISTANCE TO SURVIVORS OF DOMESTIC VIOLENCE SEEKING LEGAL IMMIGRATION BENEFITS.
COVID EMERGENCY FUND.
COMMUNITY PROGRAMS: LATINOS PROGRESANDO'S COMMUNITY PROGRAMS PROVIDE A RANGE OF SUPPORTIVE SERVICES, INCLUDING NEIGHBORHOOD EMERGENCY RESPONSE; A SCHOLARSHIP FUND; HOLIDAY FOOD AND GIFT GIVE-AWAYS; IN SCHOOL-PARENT LEADERSHIP PROGRAMMING; SUPPORT FOR LOCAL SMALL BUSINESSES; AND EDUCATIONAL PROGRAMMING ABOUT MEXICAN CULTURE, HISTORY, AND IDENTITY. LP ALSO ACTS AS THE LEAD AGENCY FOR THE MARSHALL SQUARE RESOURCE NETWORK, A COALITION OF MORE THAN 50 ORGANIZATIONS ON THE SOUTHWEST SIDE.
EXCELLERATOR FUND: THE EXCELLERATOR FUND IS A JOINT VENTURE DEVELOPED BY LATINOS PROGRESANDO AND GREATER AUBURN GRESHAM DEVELOPMENT CORPORATION TO DRIVE EQUITABLE SOCIAL AND ECONOMIC RECOVERY THROUGH REIMAGINED INVESTMENT IN CHICAGO'S NEIGHBORHOODS. THE EXCELLERATOR FUND IS A COMMUNITY-DRIVEN GRANTMAKING MODEL THAT CENTERS BLACK AND MEXICAN VOICES IN DIRECTING INFRASTRUCTURE INVESTMENTS TO NEIGHBORHOOD-BASED ORGANIZATIONS IN BLACK AND MEXICAN COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Korina Sanchez President | OfficerTrustee | 2 | $0 |
Savana Perez Secretary | OfficerTrustee | 2 | $0 |
Dimas Ortega Treasurer | OfficerTrustee | 2 | $0 |
Moises Hernandez Vice President | OfficerTrustee | 2 | $0 |
Steve Barnett Board Member | Trustee | 1 | $0 |
Maria Zavala Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $191,385 |
| Related organizations | $0 |
| Government grants | $264,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,102,382 |
| Noncash contributions included in lines 1a–1f | $103,884 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,558,245 |
| Total Program Service Revenue | $233,200 |
| Investment income | $1,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,755 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,811,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,011,500 |
| Grants and other assistance to domestic individuals. | $11,158 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,070 |
| Compensation of current officers, directors, key employees. | $10,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,172,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,856 |
| Payroll taxes | $113,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $273,019 |
| Advertising and promotion | $24,234 |
| Office expenses | $9,410 |
| Information technology | $35,593 |
| Royalties | $0 |
| Occupancy | $68,702 |
| Travel | $873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,240 |
| Insurance | $23,123 |
| All other expenses | $37,305 |
| Total functional expenses | $3,166,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,391,758 |
| Savings and temporary cash investments | $1,481,257 |
| Pledges and grants receivable | $1,355,990 |
| 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 | $33,436 |
| Net Land, buildings, and equipment | $4,117,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,379,508 |
| Accounts payable and accrued expenses | $191,777 |
| Grants payable | $0 |
| Deferred revenue | $27,923 |
| 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 | $1,287,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $127,718 |
| Total liabilities | $1,634,459 |
| Net assets without donor restrictions | $4,751,662 |
| Net assets with donor restrictions | $1,993,387 |
| 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 | $8,379,508 |
Grants Awarded
Over the last fiscal year, Latinos Progresando has awarded $998,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLE ROBERTSON CENTER FOR LEARNING PURPOSE: Grant Awards from United Way Budget - Program Support | $6,000 |
TALLER DE JOSE PURPOSE: General operating and Grant Awards from United Way Budget - Program Support | $24,500 |
TEATRO VISTA THEATRE WITH A VIEW PURPOSE: General operating | $25,000 |
PORT MINISTRIES PURPOSE: General operating | $10,000 |
CHICAGO RELIGIOUS LEADERSHIP NETWORK ON LATIN AMERICA PURPOSE: General operating | $10,000 |
SONES DE MEXICO ENSEMBLE PURPOSE: General operating | $25,000 |