Latinitas
- Assets
- $772.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Austin, TX
- Founding
- 06/2007
- Data as of
- 06/2022
- EIN
- 77-0603754
Organization Overview
Latinitas is located in Austin, TX. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Latinitas employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latinitas 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 06/2022, Latinitas generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 30.7% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LATINITAS OFFERS MULTI-GENERATIONAL BILINGUAL STEAM EDUCATION OPPORTUNITIES THAT EMBRACE CULTURAL DIVERSITY. LATINITAS SERVES THE CENTRAL TEXAS COMMUNITY WITH DIGITAL EQUITY TOOLS, CAREER EXPLORATION, AND EDUCATIONAL PROGRAMS THAT CREATE SELF-SUSTAINING FAMILIES MEASURED BY IMPROVED ECONOMIC OPPORTUNITY OUTCOMES. SINCE 2002, LATINITAS HAS HAD A VISION TO CREATE COURAGEOUS LEADERS AND INCREASE DIVERSE REPRESENTATION IN THE FIELDS OF MEDIA AND TECHNOLOGY.
Describe the Organization's Program Activity:
DURING THIS FISCAL YEAR, LATINITAS HOSTED ITS AFTER SCHOOL PROGRAM, CLUB LATINITAS, IN 15 CAMPUSES IN AUSTIN AND SAN ANTONIO, TEXAS COMBINED. OUR AFTER-SCHOOL PROGRAM TARGETS STUDENTS AGES 9-14 YEARS OLD WITH STEM FOCUSED PROGRAMMING AS WELL AS CULTURAL IDENTITY/EXPLORATION CURRICULUM. FURTHERMORE, DURING THIS FISCAL YEAR , LATINITAS HOSTED 5 CHICA CONFERENCES IN AUSTIN AND SAN ANTONIO COMBINED FOR STUDENTS AGES 9-14. OUR CHICA CONFERENCES "STARTUP CHICA" FOCUSED ON ENTREPRENEURSHIP EXPLORATION AND CREATION THROUGH ONE DAY EVENTS. LASTLY, DURING THIS FISCAL YEAR, LATINITAS LAUNCHED 5 WEEKS OF DIFFERENT THEMED SUMMER CAMPS: GAMING, DESIGN, ENTREPRENEURSHIP, FILMMAKING AND MENTAL HEALTH FOR STUDENTS AGES 9-14 YEARS OLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Ramos Murray Secretary | Officer | 3 | $0 |
Bianca Perez Treasurer | Officer | 3 | $0 |
Karen Mariela Siles Board Chair | Officer | 3 | $0 |
Asif Ali Member | Trustee | 2 | $0 |
Esther Audelo Member | Trustee | 3 | $0 |
Marissa Palmer Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $257,952 |
| All other contributions, gifts, grants, and similar amounts not included above | $877,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,135,256 |
| Total Program Service Revenue | $15,613 |
| 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 | $64,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,215,624 |
| 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. | $150,138 |
| Compensation of current officers, directors, key employees. | $58,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $484,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,220 |
| Payroll taxes | $48,563 |
| Fees for services: Management | $53,969 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,576 |
| Advertising and promotion | $9,074 |
| Office expenses | $5,356 |
| Information technology | $1,978 |
| Royalties | $0 |
| Occupancy | $81,202 |
| Travel | $9,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $247 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,819 |
| All other expenses | $35,607 |
| Total functional expenses | $1,089,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $379,332 |
| 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 | $3,759 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,510 |
| Total assets | $772,190 |
| 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 | $238,471 |
| Total liabilities | $238,471 |
| Net assets without donor restrictions | -$254,705 |
| Net assets with donor restrictions | $788,424 |
| 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 | $772,190 |