Latino Resources Inc
- Assets
- $89.0k
- Revenue
- $278.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Des Moines, IA
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 54-2074268
Organization Overview
Latino Resources Inc is located in Des Moines, IA. The organization was established in 2003. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Resources Inc 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 Resources Inc generated $278.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $216.8k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LATINO RESOURCES INC. PROVIDES OPPORTUNITIES TO EDUCATE AND CONNECT COMMUNITIES WHILE CELEBRATING LATINO CULTURES AND TRADITIONS. THE LATINO HERITAGE FESTIVAL IS A YEARLY MAIN EVENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LATINO RESOURCES INC PROVIDES OPPORTUNITIES THROUGH DISTINCT ACTIVITIES AND EXHIBITS TO EDUCATE THE YOUTH TO A BETTER UNDERSTANDING OF THE LATINO CULTURE AND TO TEACH THEM TOLERANCE AND APPRECIATION OF DIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Gonzalez Executive Dir. | Trustee | 40 | $9,272 |
Connie Williams Treasurer | Trustee | 0 | $0 |
Brenda Phongsavanh Secretary | Trustee | 0 | $0 |
Yanira Scarlett President | Trustee | 0 | $0 |
Claudia Thrane Vice President | Trustee | 0 | $0 |
Dave Slinker Board Director | Trustee | 0 | $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 | $17,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,500 |
| Total Program Service Revenue | $260,618 |
| 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 | $278,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $18,376 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,272 |
| Compensation of current officers, directors, key employees. | $927 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,222 |
| Advertising and promotion | $0 |
| Office expenses | $1,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,768 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $32,716 |
| Total functional expenses | $216,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $0 |
| Total assets | $89,028 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $89,028 |
| 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 | $89,028 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Latino Resources Inc has recieved totaling $65,500.
| Awarding Organization | Amount |
|---|---|
Bravo Greater Des Moines Inc Des Moines, IA PURPOSE: PROGRAM FUNDING | $38,500 |
GreenState Credit Union UNION North Liberty, IA PURPOSE: Heritage Festival | $15,000 |
Prairie Meadows Race Track & Casino Inc Altoona, IA PURPOSE: The Latino Heritage Festival | $10,000 |
Lsb Foundation Reinbeck, IA PURPOSE: SUPPORT THE LATINO HERITAGE FESTIVAL SCHOLARSHIP AWARDS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Community Center Inc Milwaukee, WI | $70,716,496 | $43,697,307 |
La Casa De Esperanza Waukesha, WI | $23,404,993 | $20,494,183 |
Asian Human Services Of Chicago Inc Chicago, IL | $8,154,074 | $16,173,031 |
The Young Center For Immigrant Childrens Rights Chicago, IL | $11,541,964 | $10,481,518 |
Chinese Mutual Aid Association Inc Chicago, IL | $5,927,366 | $10,929,643 |
Urhai Community Service Center Chicago, IL | $15,491,787 | $12,759,943 |
Asi Chicago, IL | $3,134,379 | $11,430,726 |
International Institute Of Metropolitan St Louis St Louis, MO | $9,841,784 | $12,477,327 |
Northwest Indian Community Development Center Nwicdc Bemidji, MN | $2,453,289 | $5,278,274 |
International Institute Of Minnesota St Paul, MN | $17,229,292 | $9,381,007 |
Change Inc Saint Paul, MN | $2,835,627 | $4,194,047 |
Polish American Association Chicago, IL | $1,991,502 | $4,071,421 |