Latino Community Foundation
- Assets
- $40.5m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 24
- Location
- San Francisco, CA
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 81-0564400
Organization Overview
Latino Community Foundation is located in San Francisco, CA. The organization was established in 2002. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2022, Latino Community Foundation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Community Foundation 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 Community Foundation generated $26.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.0% each year . All expenses for the organization totaled $10.5m during the year ending 12/2022. While expenses have increased by 23.0% per year over the past 4 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 2019, Latino Community Foundation has awarded 431 individual grants totaling $17,823,456. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LCF EXISTS TO UNLEASH THE CIVIC AND ECONOMIC POWER OF LATINOS IN CALIFORNIA. LCF FULFILLS THE MISSION BY BUILDING A MOVEMENT OF CIVICALLY ENGAGED PHILANTHROPIC LEADERS, INVESTING IN LATINO-LED (CONTINUE ON SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINE 4A - BUILDING CIVIC POWER: LATINO POWER FUND LCF'S LATINO POWER FUND FURTHERS THE FOUNDATION'S MISSION TO BUILD THE CIVIC POWER OF LATINOS IN CALIFORNIA. LCF LEVERAGES ITS UNIQUE ROLE AS A GRANTMAKER, CONVENER, AND ADVOCATE TO BUILD AND ACTIVATE A NETWORK OF CHANGEMAKERS IN REGIONS LIKE THE CENTRAL VALLEY, CENTRAL COAST, AND THE INLAND EMPIRE. THE WORK HAS RESULTED IN LEVERAGING OVER 300 MILLION IN FEDERAL RESOURCES IN 2022, INCREASED VOTER PARTICIPATION IN THE CENTRAL VALLEY IN 2022, AND OVER 2 MILLION IN NEW PRIVATE FUNDS TO A NETWORK OF 27 ORGANIZATIONS THROUGH LCF'S LATINO NONPROFIT ACCELERATOR. LCF HAS ADDRESSED THE PHILANTHROPIC INEQUITY AND DISINVESTMENT OF LATINO COMMUNITIES BY ORGANIZING THE LARGEST MOVEMENT OF LATINO DONORS IN THE NATION AND BY PARTNERING WITH STATEWIDE AND REGIONAL FOUNDATIONS. IN 2022, LCF LED CONVENINGS ACROSS THE STATE TO AMPLIFY THE VOICES OF LATINOS AND INSPIRE A PHILANTHROPIC MOVEMENT TO LIBERATE CAPITAL FOR LATINO COMMUNITIES ACROSS CALIFORNIA. LCF HAS LEVERAGED AND UTILIZED MEDIA TO HELP SHAPE AN ASSET- BASED NARRATIVE ABOUT THE VALUE AND CONTRIBUTIONS OF LATINOS, YOUTH VOTERS, AND LATINO-LED NONPROFITS. LCF IS CONFIDENT IN THE COMMUNITY'S ABILITY TO INFORM, SHAPE, AND CREATE THE SOCIAL CHANGE NEEDED FOR A STRONG MULTI- RACIAL DEMOCRACY AND AN INCLUSIVE, JUST ECONOMY.
INSPIRE PHILANTHROPY - (DONOR ADVISED FUNDS).
LINE 4B -BUILDING ECONOMIC POWER IN 2022, LCF STRENGTHENED AND EXPANDED ITS ECONOMIC JUSTICE WORK BY HIRING TWO KEY STAFF TO LEAD PROGRAMS AND GRANTMAKING THAT WOULD INCREASE OPPORTUNITIES FOR ECONOMIC MOBILITY AND GROWTH IN OUR COMMUNITIES. THIS INCLUDES EFFORTS TO INCREASE ACCESS TO CAPITAL TO ENTREPRENEURS, ESTABLISH NEW COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS, INVEST IN LATINA ENTREPRENEURS, AND SUPPORT STATE EFFORTS TO PLACE LATINOS IN HIGHER-PAYING JOBS ACROSS THE STATE. THE LCF TEAM WORKED TO LEVERAGE STATE AND FEDERAL OPPORTUNITIES THAT WOULD INCREASE JOB OPPORTUNITIES AND SMALL BUSINESS GROWTH FOR LATINOS.
LINE 4C RAPID RESPONSE INITIATIVE - LCF LEVERAGES ITS ROLE AS A COMMUNITY FOUNDATION AND ITS KNOWLEDGE OF LATINO-LED NONPROFITS TO RESPOND TO IMMEDIATE AND TIME SENSITIVE MATTERS THAT HAVE A MAJOR IMPACT IN THE WELLBEING OF LATINO COMMUNITIES. THIS INCLUDES LAUNCHING RAPID RESPONSE FUNDS OR DISASTER RELIEF FUNDS TO SUPPORT LOCAL NONPROFITS ON THE FRONTLINES OF SERVING, SUPPORTING, OR ADVOCATING FOR LATINO FAMILIES AND YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Martinez Garcel CEO | Officer | 40 | $357,741 |
Mariya Chernyak Sr VP Prg/br | 40 | $175,903 | |
Maria Zayas Carnes CFO | Officer | 40 | $165,887 |
Marcela Muniz VP Of Philan | 40 | $143,089 | |
Christian Arana VP Of Policy | 40 | $133,040 | |
Samantha Sandoval Sr Dir Grntm | 40 | $105,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,018 |
| Related organizations | $0 |
| Government grants | $2,538,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,434,865 |
| Noncash contributions included in lines 1a–1f | $2,000,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,035,012 |
| Total Program Service Revenue | $0 |
| Investment income | $91,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,130,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,910,900 |
| 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. | $573,704 |
| Compensation of current officers, directors, key employees. | $59,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,974,669 |
| Pension plan accruals and contributions | $53,000 |
| Other employee benefits | $126,389 |
| Payroll taxes | $171,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,003 |
| Fees for services: Accounting | $196,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,410 |
| Fees for services: Other | $179,386 |
| Advertising and promotion | $13,670 |
| Office expenses | $33,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,710 |
| Travel | $149,503 |
| 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 | $18,971 |
| All other expenses | $24,672 |
| Total functional expenses | $10,526,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,799,556 |
| Savings and temporary cash investments | $1,676,649 |
| Pledges and grants receivable | $4,242,900 |
| 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 | $60,589 |
| Net Land, buildings, and equipment | $3,419 |
| Investments—publicly traded securities | $11,370,759 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351,494 |
| Total assets | $40,505,366 |
| Accounts payable and accrued expenses | $926,368 |
| 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 | $377,730 |
| Total liabilities | $1,304,098 |
| Net assets without donor restrictions | $10,410,128 |
| Net assets with donor restrictions | $28,791,140 |
| 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 | $40,505,366 |
Grants Awarded
Over the last fiscal year, Latino Community Foundation has awarded $5,740,130 in support to 131 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION COUNCIL OF MONTEREY COUNTY PURPOSE: BLD CIV/BLD ECN PWR | $230,000 |
805 UNDOCUFUND PURPOSE: RAPID RESPONSE | $24,500 |
AGRICULTURE AND LAND BASED TRAINING PURPOSE: BLDG ECONOMIC PWR | $100,000 |
ALAMEDA COUNTY DEPUTY SHERIFFS ACTI PURPOSE: BLDG ECONOMIC PWR | $50,000 |
ALIANZA COACHELLA VALLEY PURPOSE: BLDG CIV PWR/RPD RSP | $51,500 |
ALTAMED FOUNDATION PURPOSE: INSPIRE PHILANTHROPY | $50,000 |